IDEAS home Printed from https://ideas.repec.org/r/cup/jfinqa/v15y1980i03p719-730_00.html
   My bibliography  Save this item

The Weighted Average Cost of Capital, Perfect Capital Markets, and Project Life: A Clarification

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as


Cited by:

  1. Cooper, Ian A. & Nyborg, Kjell G., 2006. "The value of tax shields IS equal to the present value of tax shields," Journal of Financial Economics, Elsevier, vol. 81(1), pages 215-225, July.
  2. Fernández, Pablo, 1995. "Equivalence of the APV, WACC and flows to equity approaches to firm valuation," IESE Research Papers D/292, IESE Business School.
  3. Dirk Hachmeister & Frederik Ruthardt & Christopher Mager, 2015. "Die Ermittlung des Risikozuschlags bei gesellschaftsrechtlichen Strukturmaßnahmen — Eine Auswertung von Bewertungsgutachten," Schmalenbach Journal of Business Research, Springer, vol. 67(2), pages 206-234, May.
  4. Wolfgang Schultze & Martin Meyer, 2005. "Die Kapitalflussrechnung in der Unternehmensbewertung: Bewertungskalkül und Gestaltungshinweise," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 16(3), pages 289-324, September.
  5. Schauten Marc B. J., 2013. "Three discount methods for valuing projects and the required return on equity," Contaduría y Administración, Accounting and Management, vol. 58(1), pages 63-85, enero-mar.
  6. Sarmiento-Sabogal, Julio & Sadeghi, Mehdi, 2014. "Unlevered betas and the cost of equity capital: An empirical approach," The North American Journal of Economics and Finance, Elsevier, vol. 30(C), pages 90-105.
  7. Laurence Booth, 2007. "Capital Cash Flows, APV and Valuation," European Financial Management, European Financial Management Association, vol. 13(1), pages 29-48, January.
  8. Lin, Hsuan-Chu & Chou, Ting-Kai & Wang, Wen-Gine, 2012. "Capital structure and executive compensation contract design: A theoretical and empirical analysis," Journal of Banking & Finance, Elsevier, vol. 36(1), pages 209-224.
  9. Fischer, Max & Krause, Marko & Lahmann, Alexander & Stimper, Franziska, 2022. "Firm valuation with state dependent COD taxation," The Quarterly Review of Economics and Finance, Elsevier, vol. 84(C), pages 550-561.
  10. Fernández, Pablo, 1999. "Equivalence of the different discounted cash flow valuation methods. Different alternatives for determining the discounted value of tax shields and their implications for the valuation," IESE Research Papers D/400, IESE Business School.
  11. Peter Brusov & Tatiana Filatova & Natali Orekhova, 2023. "Capital Structure Theory: Past, Present, Future," Springer Books, in: The Brusov–Filatova–Orekhova Theory of Capital Structure, chapter 0, pages 9-50, Springer.
  12. Robison, Lindon J. & Burghardt, William G., 1983. "Five Principles for Building Present Value Models and their Application to Maximum (Minimum) Bid (Sell) Price Models for Land," Agricultural Economic Report Series 201327, Michigan State University, Department of Agricultural, Food, and Resource Economics.
  13. Rainer Baule, 2019. "The cost of debt capital revisited," Business Research, Springer;German Academic Association for Business Research, vol. 12(2), pages 721-753, December.
  14. John R. Ezzell & H. Christine Hsu & James A. Miles, 1991. "An Analysis Of Regulated Rates Of Return For Wholly Owned Subsidiaries," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 14(2), pages 167-179, June.
  15. Fernandez, Pablo, 2005. "Financial literature about discounted cash flow valuation," IESE Research Papers D/606, IESE Business School.
  16. Lutz Kruschwitz & Andreas Löffler, 2018. "Valuing the Tax Shield under Asymmetric Taxation," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 70(1), pages 3-17, February.
  17. Peter Nippel & Felix Streitferdt, 2003. "Unternehmensbewertung mit dem WACC-Verfahren: Steuern, Wachstum und Teilausschüttung," Schmalenbach Journal of Business Research, Springer, vol. 55(4), pages 401-422, June.
  18. Nur Hafizah Roslan & Siti Zaitun Saddam & Muhammad Ahmad & Muhammad Hafiz Bin Amran, 2024. "Examining the Influence of Macroeconomic Factors and Corporate Governance on Firm Performance in the ACE Market," Information Management and Business Review, AMH International, vol. 16(1), pages 153-162.
  19. Magni, Carlo Alberto & Marchioni, Andrea, 2020. "Average rates of return, working capital, and NPV-consistency in project appraisal: A sensitivity analysis approach," International Journal of Production Economics, Elsevier, vol. 229(C).
  20. Krause, Marko & Lahmann, Alexander, 2017. "Valuation effects of taxes on debt cancellation," The Quarterly Review of Economics and Finance, Elsevier, vol. 65(C), pages 346-354.
  21. Michael Bradley & Gregg A. Jarrell, 2008. "Expected Inflation and the Constant‐Growth Valuation Model," Journal of Applied Corporate Finance, Morgan Stanley, vol. 20(2), pages 66-78, March.
  22. Fernandez, Pablo, 2005. "The value of tax shields with a fixed book-value leverage ratio," IESE Research Papers D/612, IESE Business School.
  23. Ian A. Cooper & Kjell G. Nyborg, 2008. "Tax‐Adjusted Discount Rates with Investor Taxes and Risky Debt," Financial Management, Financial Management Association International, vol. 37(2), pages 365-379, June.
  24. Samir Harith & Ruth Helen Samujh, 2020. "Small Family Businesses: Innovation, Risk and Value," JRFM, MDPI, vol. 13(10), pages 1-15, October.
  25. Morris G. Danielson, 2023. "Tax Shields, the Weighted Average Cost of Capital, and the Appropriate Discount Rate for a Project with a Finite Useful Life," JRFM, MDPI, vol. 16(9), pages 1-17, September.
  26. Stefan Dierkes & Ulrich Schäfer, 2017. "Corporate taxes, capital structure, and valuation: Combining Modigliani/Miller and Miles/Ezzell," Review of Quantitative Finance and Accounting, Springer, vol. 48(2), pages 363-383, February.
  27. Elisa Giacosa & Alberto Mazzoleni, 2016. "A decision model for the suitable financing for small and medium enterprises," International Journal of Managerial and Financial Accounting, Inderscience Enterprises Ltd, vol. 8(1), pages 39-74.
  28. Sven Arnold & Alexander Lahmann & Bernhard Schwetzler, 2018. "Discontinuous financing based on market values and the value of tax shields," Business Research, Springer;German Academic Association for Business Research, vol. 11(1), pages 149-171, February.
  29. Fischer, Marcel & Jensen, Bjarne Astrup, 2017. "The debt tax shield, economic growth and inequality," arqus Discussion Papers in Quantitative Tax Research 219, arqus - Arbeitskreis Quantitative Steuerlehre.
  30. Robert Couch & Michael Dothan & Wei Wu, 2012. "Interest Tax Shields: A Barrier Options Approach," Review of Quantitative Finance and Accounting, Springer, vol. 39(1), pages 123-146, July.
  31. Zbysław Dobrowolski & Grzegorz Drozdowski & Mirela Panait & Simona Andreea Apostu, 2022. "The Weighted Average Cost of Capital and Its Universality in Crisis Times: Evidence from the Energy Sector," Energies, MDPI, vol. 15(18), pages 1-15, September.
  32. André Farber & Roland Gillet & Ariane Szafarz, 2007. "A general formula for the WACC: a reply," ULB Institutional Repository 2013/6061, ULB -- Universite Libre de Bruxelles.
  33. Mukhlynina, Lilia & Nyborg, Kjell G., 2020. "The Choice of Valuation Techniques in Practice: Education Versus Profession," Critical Finance Review, now publishers, vol. 9(1-2), pages 201-265, June.
  34. John R. Ezzell & James A. Miles, 1983. "Capital Project Analysis And The Debt Transaction Plan," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 6(1), pages 25-31, March.
  35. Ignacio Velez-Pareja & Julian Benavides Franco, 2011. "Cost of Capital when Dividends are Deductible," Brazilian Review of Finance, Brazilian Society of Finance, vol. 9(3), pages 309-334.
  36. Stefan Dierkes & Imke Maeyer, 2022. "Terminal value calculation with discontinuous financing and debt categories," Journal of Business Economics, Springer, vol. 92(7), pages 1207-1248, September.
  37. Fernandez, Pablo, 2004. "Reply to "The value of tax shields is equal to the present value of tax shields"," IESE Research Papers D/576, IESE Business School.
  38. Fernandez, Pablo, 2004. "Equivalence of ten different discounted cash flow valuation methods," IESE Research Papers D/549, IESE Business School.
  39. Fernandez, Pablo, 2007. "A more realistic valuation: APV and WACC with constant book leverage ratio," IESE Research Papers D/715, IESE Business School.
  40. Dirk Beyer, 2018. "A matrix approach to valuation and performance measurement based on accounting information considering different financing policies," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 29(1), pages 37-61, March.
  41. Alexander Lahmann & Maximilian Schreiter & Bernhard Schwetzler, 2018. "Der Einfluss von Insolvenz, Kapitalstruktur und Fremdkapitalfälligkeit auf den Unternehmenswert [The Impact of Default Risk, Capital Structure, and Debt Maturity on Firm Value]," Schmalenbach Journal of Business Research, Springer, vol. 70(1), pages 73-123, March.
  42. David Johnstone & Steve Tulig, 2022. "Hamada’s equation and the beta of debt under CAPM," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(2), pages 2385-2399, June.
  43. Fabrizio Cacciafesta, 2015. "Using the WACC to rate a new project," CEIS Research Paper 339, Tor Vergata University, CEIS, revised 10 Apr 2015.
  44. Robert S. Harris & John J. Pringle, 1985. "Risk-Adjusted Discount Rates-Extensions From The Average-Risk Case," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 8(3), pages 237-244, September.
  45. Andrea Gamba & Gordon A. Sick & Carmen Aranda León, 2008. "Investment under Uncertainty, Debt and Taxes," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 37(1), pages 31-58, February.
  46. David Babbel & Craig Merrill, 1998. "Economic Valuation Models for Insurers," North American Actuarial Journal, Taylor & Francis Journals, vol. 2(3), pages 1-15.
  47. Qi, Howard, 2011. "Value and capacity of tax shields: An analysis of the slicing approach," Journal of Banking & Finance, Elsevier, vol. 35(1), pages 166-173, January.
  48. Jae-Il Yoo & Eul-Bum Lee & Jin-Woo Choi, 2018. "Balancing Project Financing and Mezzanine Project Financing with Option Value to Mitigate Sponsor’s Risks for Overseas Investment Projects," Sustainability, MDPI, vol. 10(5), pages 1-21, May.
  49. Fernandez, Pablo, 2003. "Levered and unlevered Beta," IESE Research Papers D/488, IESE Business School.
  50. Fischer, Marcel & Jensen, Bjarne Astrup, 2024. "The tax shield increases the interest rate," Journal of Banking & Finance, Elsevier, vol. 161(C).
  51. Josef Valach, 2013. "Limit of Payback Period Applicability at Creation of Guaranteed Redemption Prices [Meze využití doby návratnosti při formování garantovaných výkupních cen]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2013(2), pages 84-95.
  52. Thomas Schildbach, 2000. "Ein fast problemloses DCF-Verfahren zur Unternehmensbewertung," Schmalenbach Journal of Business Research, Springer, vol. 52(8), pages 707-723, December.
  53. Pierru, Axel & Babusiaux, Denis, 2010. "WACC and free cash flows: A simple adjustment for capitalized interest costs," The Quarterly Review of Economics and Finance, Elsevier, vol. 50(2), pages 240-243, May.
  54. Elisa Giacosa & Alberto Mazzoleni, 2017. "The Relationships between Companies and Bank System: An Analysis of Italian Context," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(10), pages 1-1, September.
  55. Nyborg, Kjell & Molnár, Peter, 2011. "Tax-Adjusted Discount Rates: A General Formula under Constant Leverage Ratios," CEPR Discussion Papers 8330, C.E.P.R. Discussion Papers.
  56. Ignacio Vélez-Pareja, 2016. "Tax shields, financial expenses and losses carried forward," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, vol. 35(69), pages 663-689, April.
  57. Bachmann, Carmen & Schultze, Wolfgang, 2011. "Bewertung von Kapitalgesellschaften: Der Steuervorteil der Fremdfinanzierung unter schweizerischem Steuerrecht," Die Unternehmung - Swiss Journal of Business Research and Practice, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 65(1), pages 6-31.
  58. Liu, Huimin & Song, Shuang & Hu, Yi & Yan, Xue, 2020. "Monte-Carlo optimization model for dynamic capital structure adjustment in Chinese public-private partnerships under revenue uncertainty," Transportation Research Part A: Policy and Practice, Elsevier, vol. 142(C), pages 115-128.
  59. Fernandez, Pablo, 2004. "The value of tax shields is NOT equal to the present value of tax shields," Journal of Financial Economics, Elsevier, vol. 73(1), pages 145-165, July.
  60. Nippel, Peter & Streitferdt, Felix, 2001. "Unternehmensbewertung mit dem WACC-Verfahren: Steuern, Wachstum und Teilausschüttung," Manuskripte aus den Instituten für Betriebswirtschaftslehre der Universität Kiel 533, Christian-Albrechts-Universität zu Kiel, Institut für Betriebswirtschaftslehre.
  61. Fernandez, Pablo, 2004. "Value of tax shields and the risk of the net increase of debt, The. Year 2004," IESE Research Papers D/544, IESE Business School.
  62. Stefan Dierkes & Ulrich Schäfer, 2021. "Valuation of firms with multiple business units," Journal of Business Economics, Springer, vol. 91(4), pages 401-432, May.
  63. Ian A. Cooper & Kjell G. Nyborg, 2018. "Consistent valuation of project finance and LBOs using the flows†to†equity method," European Financial Management, European Financial Management Association, vol. 24(1), pages 34-52, January.
  64. André Farber & Roland Gillet & Ariane Szafarz, 2005. "A general formula for the WACC," Working Papers CEB 05-012.RS, ULB -- Universite Libre de Bruxelles.
  65. Martin Lally, 2008. "Relationship between franking credits and the market risk premium: a comment," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 48(1), pages 143-151, March.
  66. Axel Pierru & Denis Babusiaux, 2000. "Coût du capital et étude de rentabilité d'investissement : une formulation unique de l'ensemble des méthodes," Working Papers hal-02437423, HAL.
  67. James A. Miles & John R. Ezzell & Premal P. Vora, 2018. "Revisiting the standard lease valuation model: new results," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 42(2), pages 409-420, April.
  68. Lin, Shu-Jou & Lee, Ji-Ren, 2011. "Configuring a corporate venturing portfolio to create growth value: Within-portfolio diversity and strategic linkage," Journal of Business Venturing, Elsevier, vol. 26(4), pages 489-503, July.
  69. Peter Molnár & Kjell G. Nyborg, 2013. "Tax†adjusted Discount Rates: a General Formula under Constant Leverage Ratios," European Financial Management, European Financial Management Association, vol. 19(3), pages 419-428, June.
  70. Altendorfer, Klaus & Jodlbauer, Herbert, 2011. "Which utilization and service level lead to the maximum EVA?," International Journal of Production Economics, Elsevier, vol. 130(1), pages 16-26, March.
  71. Emhjellen, Magne & Løvås, Kjell & Osmundsen, Petter, 2009. "LNG Project Valuation with Financial Leasing Contracts," UiS Working Papers in Economics and Finance 2009/15, University of Stavanger.
  72. Fernandez, Pablo, 2004. "Comments on "A reconsideration of tax shield valuation" by Enrique R. Arzac and Lawrence R. Glosten," IESE Research Papers D/578, IESE Business School.
  73. Rao Ramesh K. S. & Stevens Eric C, 2006. "The Firm's Cost of Capital, Its Effective Marginal Tax Rate, and the Value of the Government's Tax Claim," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 6(1), pages 1-57, January.
  74. Daniel Kreutzmann & Soenke Sievers & Christian Mueller, 2013. "Investment distortions and the value of the government's tax claim," Applied Financial Economics, Taylor & Francis Journals, vol. 23(11), pages 977-989, June.
  75. Keef, Stephen P & Khaled, Mohammed S & Roush, Melvin L, 2011. "Miller's (2009) WACC model: An extension," Working Paper Series 1995, Victoria University of Wellington, School of Economics and Finance.
  76. Schosser, Josef, 2008. "Bewertung ohne "Kapitalkosten": Ein arbitragetheoretischer Ansatz zu Unternehmenswert, Kapitalstruktur und persönlicher Besteuerung," Passauer Diskussionspapiere, Betriebswirtschaftliche Reihe 13, University of Passau, Faculty of Business and Economics.
  77. Ignacio Vélez-Pareja & Rauf Ibragimov & Joseph Tham, 2008. "Constant Leverage And Constant Cost Of Capital: A Common Knowledge Half-Truth," Estudios Gerenciales, Universidad Icesi, June.
  78. Fernández, Pablo, 2013. "Valuing Companies by Cash Flow Discounting: Fundamental Relationships and Unnecessary Complications," IESE Research Papers D/1062, IESE Business School.
  79. Pierru, Axel, 2009. ""The weighted average cost of capital is not quite right": A comment," The Quarterly Review of Economics and Finance, Elsevier, vol. 49(3), pages 1219-1223, August.
  80. Valentin Haag & Christian Koziol, 2023. "Company Cost of Capital and Leverage: A Simplified Textbook Relationship Revisited," Schmalenbach Journal of Business Research, Springer, vol. 75(1), pages 37-69, March.
  81. Stefan Dierkes & Imke de Maeyer, 2020. "Valuation with mixed financing strategies," Business Research, Springer;German Academic Association for Business Research, vol. 13(3), pages 1317-1341, November.
  82. Marko Volker Krause, 2019. "De and re-levering betas with risky debt," Business Research, Springer;German Academic Association for Business Research, vol. 12(2), pages 703-720, December.
  83. Mike Miles & John Pringle & Brian Webb, 1989. "Modeling the Corporate Real Estate Decision," Journal of Real Estate Research, American Real Estate Society, vol. 4(3), pages 47-66.
  84. Fernandez, Pablo, 2005. "The value of tax shields is not equal to the present value of tax shields: A correction," IESE Research Papers D/581, IESE Business School.
  85. Kruschwitz, Lutz & Löffler, Andreas, 2020. "A stochastic Gordon-Shapiro formula with excess volatility," arqus Discussion Papers in Quantitative Tax Research 257, arqus - Arbeitskreis Quantitative Steuerlehre.
  86. Keef, Stephen P & Khaled, Mohammed S & Roush, Melvin L, 2011. "Miller's (2009) WACC model: An extension," Working Paper Series 18608, Victoria University of Wellington, School of Economics and Finance.
  87. Shigufta Hena Uzma & J.P. Singh & Naveen Kumar, 2010. "Discounted Cash Flow and Its Implication on Intangible Valuation," Global Business Review, International Management Institute, vol. 11(3), pages 365-377, October.
  88. Fischer, Marcel & Jensen, Bjarne Astrup, 2019. "The debt tax shield in general equilibrium," Journal of Banking & Finance, Elsevier, vol. 100(C), pages 151-166.
  89. Parrino, Robert & Weisbach, Michael S., 1999. "Measuring investment distortions arising from stockholder-bondholder conflicts," Journal of Financial Economics, Elsevier, vol. 53(1), pages 3-42, July.
  90. Christian Koziol, 2014. "A simple correction of the WACC discount rate for default risk and bankruptcy costs," Review of Quantitative Finance and Accounting, Springer, vol. 42(4), pages 653-666, May.
  91. Fernandez, Pablo, 2005. "Valuing companies with a fixed book-value leverage ratio," IESE Research Papers D/614, IESE Business School.
  92. Xiao, Chang & Florescu, Ionut & Zhou, Jinsheng, 2020. "A comparison of pricing models for mineral rights: Copper mine in China," Resources Policy, Elsevier, vol. 65(C).
  93. Fernandez, Pablo, 2003. "Equivalence of ten different methods for valuing companies by cash flow discounting," IESE Research Papers D/524, IESE Business School.
  94. Lahmann Alexander & Arnold Sven & Gmehling Philipp, 2017. "The Impact of Default on Tax Shield Valuation," Journal of Business Valuation and Economic Loss Analysis, De Gruyter, vol. 12(1), pages 41-62, February.
  95. Keef, Stephen P. & Khaled, Mohammed S. & Roush, Melvin L., 2012. "A note resolving the debate on “The weighted average cost of capital is not quite right”," The Quarterly Review of Economics and Finance, Elsevier, vol. 52(4), pages 438-442.
  96. Mike Dempsey & Graham Partington, 2008. "Cost of capital equations under the Australian imputation tax system," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 48(3), pages 439-460, September.
  97. Kudret Topyan, 2021. "Levered-Beta and Cost of Capital Sensitivities: An Experimental Investigation in Capital Structure," JRFM, MDPI, vol. 14(4), pages 1-14, April.
  98. Ian Dobbs & Anthony Miller, 2002. "Capital budgeting, valuation and personal taxes," Accounting and Business Research, Taylor & Francis Journals, vol. 32(4), pages 227-243.
  99. Stewart C. Myers & Richard S. Ruback, 1987. "Discounting Rules for Risky Assets," NBER Working Papers 2219, National Bureau of Economic Research, Inc.
  100. Keef, Stephen P & Khaled, Mohammed S & Roush, Melvin L, 2011. "A note resolving the debate on “The weighted average cost of capital is not quite rightâ€," Working Paper Series 2003, Victoria University of Wellington, School of Economics and Finance.
  101. Jens Dick‐Nielsen & Jacob Gyntelberg & Christoffer Thimsen, 2022. "The Cost of Capital for Banks: Evidence from Analyst Earnings Forecasts," Journal of Finance, American Finance Association, vol. 77(5), pages 2577-2611, October.
  102. Marko Volker Krause & Alexander Lahmann, 2016. "Reconsidering the appropriate discount rate for tax shield valuation," Journal of Business Economics, Springer, vol. 86(5), pages 477-512, July.
  103. Kruschwitz, Lutz & Löffler, Andreas, 2015. "Marginal tax rates under asymmetric taxation," arqus Discussion Papers in Quantitative Tax Research 191, arqus - Arbeitskreis Quantitative Steuerlehre.
  104. Marc Steffen Rapp, 2006. "Die arbitragefreie Adjustierung von Diskontierungssätzen bei einfacher Gewinnsteuer," Schmalenbach Journal of Business Research, Springer, vol. 58(6), pages 771-806, September.
  105. Andreas Schüler, 2021. "Cross-border DCF valuation: discounting cash flows in foreign currency," Journal of Business Economics, Springer, vol. 91(5), pages 617-654, July.
  106. Richard Sweeney, 2014. "Equivalent valuations in cash flow and accounting models," Review of Quantitative Finance and Accounting, Springer, vol. 42(1), pages 29-49, January.
  107. Mike Dempsey, 2013. "Consistent Cash Flow Valuation with Tax†Deductible Debt: a Clarification," European Financial Management, European Financial Management Association, vol. 19(4), pages 830-836, September.
  108. Nguyen Kim-Duc & Pham Khanh Nam, 2024. "Consistent valuation: extensions from bankruptcy costs and tax integration with time-varying debt," Review of Quantitative Finance and Accounting, Springer, vol. 62(2), pages 719-754, February.
  109. Fernández , Pablo, 2002. "Valuing companies by cash flow discounting: Ten methods and nine theories," IESE Research Papers D/451, IESE Business School.
  110. Robert A. Taggart, Jr., 1989. "Consistent Valuation and Cost of Capital Expressions with Corporate and Personal TAxes," NBER Working Papers 3074, National Bureau of Economic Research, Inc.
  111. Michael Dempsey, 2019. "Discounting methods and personal taxes," European Financial Management, European Financial Management Association, vol. 25(2), pages 310-324, March.
  112. Simon Krotter & Andreas Schüler, 2013. "Empirische Ermittlung von Eigen-, Fremd- und Gesamtkapitalkosten: eine Untersuchung deutscher börsennotierter Aktiengesellschaften," Schmalenbach Journal of Business Research, Springer, vol. 65(5), pages 390-433, September.
  113. Pasquale De Luca, 2017. "Debt Level and the Firm Levered Cost of Capital," International Journal of Economics and Financial Issues, Econjournals, vol. 7(5), pages 475-484.
  114. H. Qi & Y. A. Xie, 2016. "Cost of capital: spot rate or forward rate?," Applied Economics, Taylor & Francis Journals, vol. 48(40), pages 3804-3811, August.
  115. Skorek-Osikowska, Anna & Bartela, Łukasz & Kotowicz, Janusz & Sobolewski, Aleksander & Iluk, Tomasz & Remiorz, Leszek, 2014. "The influence of the size of the CHP (combined heat and power) system integrated with a biomass fueled gas generator and piston engine on the thermodynamic and economic effectiveness of electricity an," Energy, Elsevier, vol. 67(C), pages 328-340.
  116. Emhjellen, Magne & Alaouze, Chris M., 2003. "A comparison of discounted cashflow and modern asset pricing methods--project selection and policy implications," Energy Policy, Elsevier, vol. 31(12), pages 1213-1220, September.
  117. Echterling, F. & Eierle, B. & Ketterer, S., 2015. "A review of the literature on methods of computing the implied cost of capital," International Review of Financial Analysis, Elsevier, vol. 42(C), pages 235-252.
  118. Hu, Hongtao & Yuan, Jun & Nian, Victor, 2019. "Development of a multi-objective decision-making method to evaluate correlated decarbonization measures under uncertainty – The example of international shipping," Transport Policy, Elsevier, vol. 82(C), pages 148-157.
  119. Keef, Stephen P & Khaled, Mohammed S & Roush, Melvin L, 2011. "A note resolving the debate on “The weighted average cost of capital is not quite right”," Working Paper Series 18609, Victoria University of Wellington, School of Economics and Finance.
  120. Myers, Stewart C. & Ruback, Richard S., 1954-, 1987. "Discounting rules for risky assets," Working papers 1853-87., Massachusetts Institute of Technology (MIT), Sloan School of Management.
  121. Fernandez, Pablo, 2006. "The correct value of tax shields: An analysis of 23 theories," IESE Research Papers D/628, IESE Business School.
  122. Weiß, Christian, 2010. "The Ownership Concentration of Firms: Three Essays on the Determinants and Effects," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 30247, September.
  123. Fernandez, Pablo, 2005. "The value of tax shields depends only on the net increases of debt," IESE Research Papers D/613, IESE Business School.
  124. Ronald W. Spahr & Pankaj K. Jain & Fariz Huseynov & Bhavik Rajesh Parikh, 2012. "Tax policy and macro-finance in a competitive global economy where government is considered as firms' third financial stakeholder," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 14(1/2), pages 30-66.
  125. Stewart C. Myers & James A. Read, Jr., 2012. "Real Options, Taxes and Financial Leverage," NBER Working Papers 18148, National Bureau of Economic Research, Inc.
  126. Ralf Diedrich & Stefan Dierkes & Hans-Christian Gröger, 2022. "A note on the cost of capital with fixed payout ratios," Review of Quantitative Finance and Accounting, Springer, vol. 59(4), pages 1559-1575, November.
  127. repec:dau:papers:123456789/4142 is not listed on IDEAS
IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.