Narrow search
Showing 1 - 10 of 268
Cover Image
A Simple Accounting-based Valuation Model for the Debt Tax Shield
Scholze, Andreas - In: BuR - Business Research 3 (2010) 1, pp. 37-47
This paper describes a simple way to integrate the debt tax shield into an accounting-based valuation model. The market value of equity is determined by forecasting residual operating income, which is calculated by charging operating income for the operating assets at a required return that...
Persistent link: https://www.econbiz.de/10010421346
Cover Image
Cross-Section of asset returns: Emerging markets and market integration
Ajrapetova, Tamara - In: European Financial and Accounting Journal 13 (2018) 1, pp. 41-60
the Capital Asset Pricing Model (CAPM), mainly due to their attractive simplicity. This article focuses on the risk … systematic risk measures, downside beta proved its superiority to traditional CAPM beta. The results can be attributed to delayed …
Persistent link: https://www.econbiz.de/10011937439
Cover Image
A look at the actual cost of capital of US firms
Moore, David J. - In: Cogent Economics & Finance 4 (2016) 1, pp. 1-15
The capital asset pricing model (CAPM) receives both criticism and widespread adoption by practitioners and academics … to address CAPM criticisms and provide new perspective on WACC estimates. The firm-based measure focuses on firm …-based WACC measures, along with the traditional CAPM-based WACC measure, to a broad sector-based cross section from 1972 to 2015 …
Persistent link: https://www.econbiz.de/10011988697
Cover Image
The financial reporting systems quality (FRSQ) and institutional investors: The case of an emerging market
Al-Qadasi, Adel Ali; Al-Jaifi, Hamdan Amer Ali; … - In: Cogent Business & Management 9 (2022) 1, pp. 1-21
on Bursa Malaysia over the period 2009-2016. Ordinary Least Square (OLS) regression based on two-way cluster … in Malaysia and other emerging economies which are in the process of undertaking regulatory reforms in their corporate …
Persistent link: https://www.econbiz.de/10014505494
Cover Image
Size premium, value premium and market timing: Evidence from an emerging economy
Rashid, Syed Haroon; Sadaqat, Mohsin; Jebran, Khalil; … - In: Journal of Economics, Finance and Administrative Science 23 (2018) 46, pp. 266-288
capital asset pricing model (CAPM) and Fama and French model. Design/methodology/approach This study considers monthly stock …
Persistent link: https://www.econbiz.de/10013192143
Cover Image
Cost of agricultural business equity capital: A theoretical and empirical study for Poland
Franc-Dąbrowska, Justyna; Mądra-Sawicka, Magdalena; … - In: Economies 6 (2018) 3, pp. 1-15
This paper proposes a methodology for calculating the cost of equity for unlisted agricultural companies in Poland. An analysis of a fixed effects panel model was conducted on a sample of 79 agricultural enterprises from the Farm Accountancy Data Network (FADN) field of observation in 2012-2015....
Persistent link: https://www.econbiz.de/10012009840
Cover Image
The impact of intellectual capital disclosure on cost of equity capital: A case of French firms
Boujelbene, Mohamed Ali; Affes, Habib - In: Journal of Economics, Finance and Administrative Science 18 (2013) 34, pp. 45-53
The purpose of this paper is to examine empirically the impact of intellectual capital disclosure (IC) on cost of Equity capital. The empirical research is based on companies listed in the French SBF 120 stock market index. The findings confirm our hypotheses that stipulate the existence of a...
Persistent link: https://www.econbiz.de/10011859345
Cover Image
Financial development and the cost of equity capital: Evidence from China
Kim, Jeong-Bon; Ma, Mary L. Z.; Wang, Haiping - In: China Journal of Accounting Research 8 (2015) 4, pp. 243-277
This study examines the relation between province-level financial development and the cost of equity in China. Our main findings are that (1) stock market development reduces the cost of equity in general, but the effect diminishes significantly in state-owned enterprises (SOEs) and firms with...
Persistent link: https://www.econbiz.de/10011937007
Cover Image
Carbon information disclosure of enterprises and their value creation through market liquidity and cost of equity capital
Li, Li; Yang, Yuanhua; Tang, Dengli - In: Journal of Industrial Engineering and Management (JIEM) 8 (2015) 1, pp. 137-151
Purpose: Drawing on asymmetric information and stakeholder theories, this paper investigates two mechanisms, namely market liquidity and cost of equity capital, by which the carbon information disclosure of enterprises can benefit their value creation. Design/methodology/approach: In this...
Persistent link: https://www.econbiz.de/10011939191
Cover Image
Auditor‐provided non‐audit services and perceived audit quality: Evidence from the cost of equity and debt capital
Friedrich, Christian; Quick, Reiner; Schmidt, Florian - In: International Journal of Auditing 28 (2022) 2, pp. 388-407
There is an ongoing debate among regulators and researchers about concerns that the provision of non-audit services (NAS) to audit clients may impair audit quality by reduced independence. In this context, there can be different perspectives on audit quality. Given recent regulatory changes in...
Persistent link: https://www.econbiz.de/10014525673