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The Cost of Capital for Investment in the Warsaw Stock Exchange Indexes – Versus Djia

Author

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  • Urbański Stanisław

    (University of Science and Technology, Faculty of Management)

Abstract

Research background and purpose: The CAPM, Fama-French and modified Fama-French models were used to estimate the cost of the capital of the DJIA and selected Polish stock indexes were used. The estimated cost of capital was the cost of the portfolio of corporate investment projects estimated by market returns.

Suggested Citation

  • Urbański Stanisław, 2021. "The Cost of Capital for Investment in the Warsaw Stock Exchange Indexes – Versus Djia," Folia Oeconomica Stetinensia, Sciendo, vol. 21(1), pages 122-143, June.
    • Handle: RePEc:vrs:foeste:v:21:y:2021:i:1:p:122-143:n:4
    DOI: 10.2478/foli-2021-0009
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    References listed on IDEAS

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    More about this item

    Keywords

    ICAPM; Cost of capital; Risk premium; Bootstrap method;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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