explicitly and rigorously the academic relationship between the WACC (Weighted Average Cost of Capital) methodology and the CAPM …

For a large sample of U.S. companies, we compare the cost of equity estimates of a two-factor international CAPM with … those of the single-factor domestic CAPM and the single-factor global CAPM. Our purpose is to assess how much difference it … equity estimates of the two-factor ICAPM tend to be very close to those of the domestic CAPM, and even closer than to those …

Celem publikacji było przedstawienie propozycji estymacji kosztu kapitału własnego za pomocą CAPM na podstawie … using the CAPM on the basis of existing knowledge on the subject. The paper also shows how many problems still remain with …

When Capital Asset pricing Model (CAPM) is considered as valid asset pricing theory, Security Market Line (SML) is … returns need not be same as implied discount rates even when CAPM is applicable and markets are efficient. This is because the … over the forecast period. The single period return of CAPM changes every year as the market changes with economic …

prediction that globalization decreases the cost of capital, but the documented effects are lower than theory leads us to expect …

We develop a unified valuation theory that incorporates credit risk (defaults), collateralization and funding costs, by …

prediction that globalization decreases the cost of capital, but the documented effects are lower than theory leads us to expect …

. The book's unified cost of capital theory is discussed with comprehensive numerical examples and graphical illustrations …