The purpose of this paper is to determine a practical approach of calculation of the systematic risk of companies in … risk index are determined. In this work on the Polish financial market are also carried out simulations showing the impact …. The defined scope for the use of the recommended method of calculating the risk index allows us to reduce the error …

apply the bootstrap method to evaluate the variability of their estimation method. The cost of capital they refer to is …

bond covenants, we document that four out of 24 restrictions are associated with significantly higher bankruptcy risk. The …

firm valuation e.g. when companies strategically change their target debt ratios to a significantly different magnitude …. In particular, we can numerically support the usual simplification in the absence of default risk. In case that firms are … company cost of capital does practically not depend on the debt ratio if the firm is not subject to default risk or if …

study contributes to accounting research by demonstrating the key valuation and risk assessment roles of earnings downside …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 …

model with heterogeneous agents, we reveal the existence of an extreme weather risk premium in the cross-section of stock … risk factors from standard asset pricing models nor by firm characteristics. Our results reveal a novel link between … climate risk and firm value. …