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.
Results
Showing 1 to 20 of 28 for “"cost of equity"”.
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Cost of Equity Estimation Techniques used by Valuation Experts
Cost of equity is crucial information that enters business valuation. Yet, even after decades of academic research, consensus has not been reached regarding the appropriate cost of equity estimation. The aim of our thesis is to investigate the cost of equity estimation in practice. In other words, …
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Index revisions, market quality and the cost of equity capital.
This thesis examines the impact of FTSE 100 index revisions on the various aspects of stock market quality and the cost of equity capital. Our study spans over the period 1986¿2009. Our analyses indicate that the index membership enhances all aspects of liquidity, including trading continuity, …
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Earnings expectations, security valuation, and the cost of equity capital
Thesis (Ph. D.)--Massachusetts Institute of Technology, Sloan School of Management, 1996.
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Accruals quality, stock returns seasonality and the cost of equity capital
… whether accruals quality should be priced by equity markets, and whether any pricing effect detected is attributable to risk, these questions remain among the more controversial in accounting research. This thesis comprises a brief introduction to theory underpinning the pricing of information …
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Accruals quality, stock returns seasonality and the cost of equity capital
… whether accruals quality should be priced by equity markets, and whether any pricing effect detected is attributable to risk, these questions remain among the more controversial in accounting research. This thesis comprises a brief introduction to theory underpinning the pricing of information …
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Disclosure level and the cost of equity capital : South African evidence
Includes abstract. Includes bibliographical references (leaves 103-109).
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The cost of equity capital in a regulatory environment: an international comparison
… tariff determinations have been a matter of much public debate. This has been highlighted in popular media in South Africa, with above inflation increases in electricity tariffs allowed by the National Energy Regulator of South Africa (NERSA) in Multi-Year Price Determination (MYPD) 2 and …
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The cost of equity capital for REITs : an examination of three asset-pricing models
The purpose of this study is to determine a reliable asset-pricing model that can be used in practice to estimate the cost of equity capital for Real Estate Investment Trusts (REITs). While the cost of equity is an important concept for all industries, it has particular relevance for REITs, as the …
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The effects of regulatory policy on the cost of equity capital and the value of equity in the electric utility industry.
Thesis. 1980. Ph.D.--Massachusetts Institute of Technology. Dept. of Economics.
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The relationship between various risk factors and the cost of equity premium implied by analysts' forecasts on the New York Stock Exchange
The cost of equity is used extensively for capital allocation decisions, and the various methods used to estimate it often result in materially different outcomes. A model of the impact of known risk factors on the implied cost of equity used by equity analysts, who are seen as informed market …
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Determinants and consequences of attribution statements on corporate financial performance outcomes in the annual report. An empirical analysis of UK listed firms.
… on performance outcomes given in annual reports of UK listed rms. The objectives are three-fold. First, it analyses the nature and extent of attribution statements provided. Second, it explores corporate governance factors and rm-speci c characteristics that are related to the provision of …
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Theory and practice of debt financing in REITs
… does not add to a firm's value in the absence of corporate tax. Real Estate Investment Trusts (REITs) have no corporate level income tax and meet M & M's perfect market assumption. In reality, however, REIT operators use a significant amount of debt on their balance sheet. There seems to be a …
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Silence is Golden? Evidence from Social Disclosure Gap
… that investors price social disclosure, as part of their firms’ risk assessment, I analyze whether the social disclosure gap is related to the firms’ cost of equity capital. I employ Latent Dirichlet Allocation, an unsupervised machine leaning technique to compare the thematic content of news …
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Financial liberalization and dynamics of firm-level financing and investment decisions in the Southeast Asian countries
This thesis examines the dynamics of firm-level financing and investment decisions for six Southeast Asian countries. The study provides empirical evidence on the impacts of changes in the firm-level financing decisions during the period of financial liberalization by considering the debt and …
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Four essays in empirical corporate finance and financial markets : social captial, corporate risk-taking, external financing, and financial market development
This dissertation consists of four essays examining a range of topics in empirical corporate finance and financial market. The first essay tests the impact of CEO social capital on corporate risk-taking. Using a large panel of companies from 41 countries, the paper documents a significant positive …
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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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Is the Chinese stock market overvalued?
… in Asia (after Japan). The increasing numbers of stock investors and the generally upward trend of the local stock indexes transform the Chinese stock market into one of the most actively traded stock market. This study examined the “pricing errors” of the Chinese stock market. The intrinsic …
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Mejora del proceso de abastecimiento del taller de mecánica automotriz autoservicios Untiveros S. A. C.
… carries out a study to improve supply process of auto-parts in Autoservicios Untiveros SAC’s Auto Repair Centre based on Industrial Engineer’s techniques like reorder point, business process reengineering and simulation process to improve problems related stock shortage. It was also proposed …
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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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Three Essays on the Long-Run Performance of New Issues and Extreme Performers
… documents the poor long-run performance of new equity issues during 1970-90. The poor long-run performance of initial public offerings (IPOs) result in lower returns on NASDAQ than on the New York Stock Exchange. New equity issues appear to time their offerings to lower their equity cost …
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