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De la difficulté de mesurer le coût du capital

Author

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  • Franck Bancel
  • Quentin Lathuille
  • Alban Lhuissier

Abstract

The Weighted Average Cost of Capital (WACC) is one of the key concepts of corporate finance. Firstly, we identify the ?acceptable? parameters to determine the WACC, taking into account the theoretical framework and the various measures used by practitioners. Secondly, based on numerical simulations, we show that the margin of error ensuing from the way WACC is estimated by finance professionals is important. In conclusion, we propose several alternatives for improving practices in determining the WACC.

Suggested Citation

  • Franck Bancel & Quentin Lathuille & Alban Lhuissier, 2014. "De la difficulté de mesurer le coût du capital," Revue française de gestion, Lavoisier, vol. 0(5), pages 103-118.
    • Handle: RePEc:cai:rfglav:rfg_242_0103
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