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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

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

Impact factors on Portuguese hotels' liquidity

Santos, Luís Lima; Gomes, Conceição; Malheiros, Cátia; … - In: Journal of Risk and Financial Management 14 (2021) 4, pp. 1-18

As a core activity in the tourism sector, hospitality accounts for the largest share of the sector's revenue. The last few years, prior to the COVID-19 pandemic, have been years of strong growth both in the number of hotel companies and in the number of available rooms. The hospitality industry...

Persistent link: https://www.econbiz.de/10012611701

The home bias and the local bias: A survey

Gaar, Eduard; Scherer, David; Schiereck, Dirk - In: Management Review Quarterly 72 (2020) 1, pp. 21-57

The home bias like the disposition effect is a well-researched economic phenomenon in investor behaviour which has been examined in finance journal articles for decades. While there is little doubt about the existence of the bias, its magnitude varies across countries and investor groups. The...

Persistent link: https://www.econbiz.de/10014503619

The information content and redistribution effects of state and municipal rating changes in Mexico

Mendoza-Velázquez, Alfonso - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-38, pp. 1-21

State and Municipal governments on bond returns in Mexico. By employing a Capital Asset Pricing Model (CAPM) structure for …

Persistent link: https://www.econbiz.de/10010332965

Die neue Intrahandelsstatistik ab Januar 2025

Metzl, Sebastian; Franjić, Igor; Kolvenbach, Thomas - In: WISTA - Wirtschaft und Statistik 77 (2025) 1, pp. 37-47

have allowed estimation techniques for missing data in this survey to be placed on a stronger and more structured … detailed results for traded products. Furthermore, the new estimation techniques lay the basis for a future reduction of the …

Persistent link: https://www.econbiz.de/10015327897

Does Planning Belong to the Politics of the Past?

Czarniawska, Barbara - In: Contemporary Economics 6 (2012) 4, pp. 36-48

According to many authors, so-called 'central planning' had disappeared from European countries by 1989. However, this is by no means certain. Many former centrally planned economies still engage in central planning, in both the private and public sectors. Moreover, there is a striking...

Persistent link: https://www.econbiz.de/10010436023

Banking Firm, Equity and Value at Risk

Broll, Udo; Sobiech, Anna; Wahl, Jack E. - In: Contemporary Economics 6 (2012) 4, pp. 50-53

The paper focuses on the interaction between the solvency probability of a banking firm and the diversification potential of its asset portfolio when determining optimal equity capital. The purpose of this paper is to incorporate value at risk (VaR) into the firm-theoretical model of a banking...

Persistent link: https://www.econbiz.de/10010436089

Deutscher Bankensektor: Weiter Weg zum Kerngeschäft

Schrooten, Mechthild - In: Wirtschaftsdienst 93 (2013) 5, pp. 348-350

Persistent link: https://www.econbiz.de/10010312926

Bewertungsreserven neu geregelt: Lebensversicherung

Eling, Martin - In: Wirtschaftsdienst 93 (2013) 1, pp. 5-6

Persistent link: https://www.econbiz.de/10010293623