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An Empirical Analysis of DCF Discount Rates and Corresponding Weighted-Average Costs of Capital

Comment, Robert - 2014

This paper presents the results of cross-sectional regressions to explain DCF discount rates used by investment banks and boutique valuation firms in 2,364 DCF valuations of whole companies, plus companion regressions to explain associated weighted-average costs of capital as calculated by...

Persistent link: https://www.econbiz.de/10013052129

Accounting-Based Downside Risk, Cost of Capital, and the Macroeconomy

Konchitchki, Yaniv - 2015

We hypothesize that earnings downside risk, capturing the expectation for future downward operating performance, contains distinct information about firm risk and varies with cost of capital in the cross section of firms. Consistent with the validity of the earnings downside risk measure, we...

Persistent link: https://www.econbiz.de/10013020544

International Cost of Capital Estimation : The No-Arbitrage Method

McLelland, Malcolm - 2018

This study summarizes problems associated with existing international cost of capital (ICC) estimation methods; adapts … long-existing arbitrage pricing methods to ICC estimation to a setting where ICC is to be estimated for a privately …-held asset not traded in the capital markets; and then presents a semi-realistic example of ICC estimation for such non …

Persistent link: https://www.econbiz.de/10012919805

Cost of capital and asset characteristic value

Shen, Bill Y. - In: International journal of financial engineering 8 (2021) 3, pp. 1-17

Persistent link: https://www.econbiz.de/10012654837

Tax elasticity estimates for capital stocks

Wen, Jean-François; Yilmaz, Fatih - In: FinanzArchiv : European journal of public finance 76 (2020) 3, pp. 215-239

Persistent link: https://www.econbiz.de/10012602321

Cost of Capital for the United States, Japan, and Canada : An Attempt at Measurement Based on Individual Company Records and Aggregate National Acccoun

Ando, Albert; Hancock, John; Sawchuk, Gary David - 2021

A conceptual basis is laid out for measuring the cost of capital for corpora- tions from data typically available in countries such as the US, Canada, and Japan. Attempts are made to carry out the measurement based both on the accounting records of individual companies and on the aggregate...

Persistent link: https://www.econbiz.de/10013249360