We evaluate accounting-based methods to estimate the implied cost of capital using a simulation approach. We simulate a model economy in which the true cost of capital is known and calibrate it to the CRSP-Compustat universe. We then compare the true cost of capital to the implied cost of...

Costs of equity for individual firms are estimated in a Bayesian framework using several factor-based pricing models. Substantial prior uncertainty about mispricing often produces an estimated cost of equity close to that obtained with mispricing precluded, even for a stock whose average return...

Costs of equity for individual firms are estimated in a Bayesian framework using several factor-based pricing models. Substantial prior uncertainty about mispricing often produces an estimated cost of equity close to that obtained with mispricing precluded, even for a stock whose average return...

Grundlagen der Unternehmensbewertung und Preisbildung auf dem Kapitalmarkt -- Zukunftsorientierte Schätzung von risikolosen Zinssätzen -- Zukunftsorientierte Schätzung von Betafaktoren -- Zukunftsorientierte Schätzung von Marktrisikoprämien -- Thesenförmige Zusammenfassung.