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Does weak governance cause weak stock returns? : An examination of firm operating performance and investors' expectations
Core, John E.; Guay, Wayne R.; Rusticus, Tjomme O. - In: The journal of finance : the journal of the American … 61 (2006) 2, pp. 655-687
Persistent link: https://www.econbiz.de/10003306805
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Properties of implied cost of capital using analysts' forecasts
Guay, Wayne R.; Kothari, S. P.; Shu, Susan - In: Australian journal of management 36 (2011) 2, pp. 125-149
Persistent link: https://www.econbiz.de/10009303281
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Properties of Implied Cost of Capital Using Analysts’ Forecasts
Guay, Wayne R. - 2012
We evaluate the influence of measurement error in analysts' forecasts on the accuracy of implied cost of capital estimates from various implementations of the ‘implied cost of capital' approach, and develop corrections for the measurement error. The implied cost of capital approach relies on...
Persistent link: https://www.econbiz.de/10013113755
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Properties of Implied Cost of Capital Using Analysts’ Forecasts
Guay, Wayne R. - 2012
We evaluate the influence of measurement error in analysts' forecasts on the accuracy of implied cost of capital estimates from various implementations of the ‘implied cost of capital' approach, and develop corrections for the measurement error. We document predictable error in the implied...
Persistent link: https://www.econbiz.de/10013114798