Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 124 for “"Cost of Capital"”.
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Disclosure and the cost of capital
… views concerning the existence, and nature, of the relationship between the quality of corporate disclosure and associated company cost of equity capital. Theory suggests that an informed investor would scale down the required rate of return as the level of uncertainty and risks associated …
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An Analysis of the Cost of Capital
… in DSpace on 2014-12-05T22:29:59Z (GMT). No. of bitstreams: 1 6206154.pdf: 3127731 bytes, checksum: 8a3760e15edab34c7aa9563119255ed5 (MD5) Previous issue date: 1962
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Market timing and cost of capital of the firm
… excess bond returns when choosing the maturity of new debt issues. Whether debt market timing increases firm value via a reduced cost of capital is an empirical question. I examine differences in firm value across non-timers and timers, where timers are defined as firms that follow either a …
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Essays on stock market openness, cost of capital and investment
This thesis examines the effects of stock market openness on the cost of equity capital and investment. Whilst theoretical models and extant empirical evidence suggest that emerging markets integration with global markets promotes risk sharing between domestic and foreign investors, reducing the …
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Understanding crowd funding : cost of capital and factors for success
Since the advent of Web 2.0, crowd funding has played an increasingly important role as a means of financing for startup companies. Crowd funding is a particular means of financing where money is obtained from the public in exchange for equity or rewards. Currently, only accredited investors, …
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The impact of international cross-listing on the cost of capital
The question of international capital market integration or segmentation has become an important issue for international investors and for companies seeking to source their capital internationally. Previous research has suggested that international listing represents one effective way to mitigate …
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DISC, FSC, and the cost of capital in the export sector
DISC and FSC are two trade policy instruments of the United States that proV'ide a tax incentive for exporting. The two measures provide a stimulus for investment in the export sector by reduci.ng the cost of capital for exporting firms. According to a model based on the neoclassical theory of …
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The Hidden Value of Employee Pay Disclosures Evidenced through Cost of Capital
… should lower the information asymmetry component of its cost of capital. Empirical results on specific disclosures are mixed though, as individual disclosures may not provide enough value to investors in disclosure rich environments. Salary expense disclosures, unlike some other cost disclosures, …
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Estimating the cost of capital for divisions of a firm: A spanning approach
The purpose of this thesis is to develop a better methodology for the estimation of a division's cost of equity capital. Current procedures developed to address this problem have faced much resistance from the corporate community. The primary problem has been the inability to accurately measure the …
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Incidence and Costs of Pinhole Leak Corrosion and Corporate Cost of Capital Borrowing
The first part of this doctorate dissertation examines the factors influencing the occurrence and costs of pinhole leak corrosion as well as the household decisions for corrosion prevention and plumbing material selection. Three mail surveys of households were used to elicit the experiences with …
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The impact of customer mix on the cost of capital for electric utilities
… investigates the perceived riskiness of electric utilities based on their mix of residential and industrial customers. While previous studies have attempted to develop a simple measure of the total riskiness of individual customer classes, this study examines the relative riskiness of …
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The low-risk anomaly, cost of capital and IFRS 9 implementation impact: An analysis of South African banks
Purpose This dissertation investigates the impact of IFRS 9 implementation on capital ratios and the cost of capital of listed South African banks. In order to investigate this impact, the presence of the low-risk anomaly had to be determined for South African banks. Methodology This dissertation …
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The Effect of Operational Control Quality on Operational Efficiency and Cost of Capital: Evidence from U.S. Bank Holding Companies
Recent high profile and costly operational risk events have focused the attention of bank managers and regulators on operational risk management practices since the early 2000s. This led the Basel II Accord to recognize operational risk as a separate risk. In this study, I examine whether …
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The relationship between corporate governance practices and cost of capital in large listed companies of New Zealand and Singapore
This thesis investigates the effect of corporate governance practices on cost of capital in listed companies. In particular, this study examines: 1) the relationship between corporate governance practices and cost of capital in large listed companies in New Zealand and Singapore. 2) The effects of …
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The impact of sub-optimal international portfolio allocations on cost of capital, stock market development and investor protection standards
… by removing investment restrictions on equity capital inflows and outflows. The aim is to attract foreign investors and also to allow domestic investors to diversify internationally. However, existing literature shows that local investors overweight the domestic market (home bias), whilst …
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The effect of South African dividend and capital gains taxes on cost of capital, firm value and capital structure
I examine the effect of South African taxes, specifically the secondary tax on companies (STC) and capital gains tax (CGT) on investor measures of expected return and firm value, firm cost of capital and optimal capital structure. The discussion, findings and models presented in this study are …
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Cost of capital: a practical model incorporated with risk assessment for hotel investments in the middle-price and economy segments
… the old fashioned gut-feeling types of decision making are no longer appropriate for sound hotel investments. It is the primary objective of this study to develop a model for hotel investment risk assessment and appropriate cost of capital estimation in the middle-price and economy …
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