haku: @author Zinn, K. / yhteensä: 2
viite: 2 / 2
« edellinen | seuraava »
| Tekijä: | Bufka, J. Schiereck, D. Zinn, K. |
| Otsikko: | Kapitalkostenbestimmung für diversifizierte Unternehmen |
| Lehti: | Zeitschrift für Betriebswirtschaft
1999 : VOL. 69:1, p. 115-131 |
| Asiasana: | CAPITAL COSTS CAPITAL MARKETS RISK MANAGEMENT CORPORATE FINANCE BETA FACTOR GERMANY |
| Kieli: | ger |
| Tiivistelmä: | This article deals with the quality of practical approaches to estimate the divisional cost of capital for multi- industry firms. Our analysis shows some evidence that risk measures based on these practical approaches are able to explain a larger part of capital market risk expressed by the CAPM beta and the relation of book value to market value of equity. In spite of the relatively high explanatory power of our results everything points to the fact that there are other factors which influence market risk and which are not considered in this analysis. So practical approaches are only limitedly appropriate to record the risk of a division of a multi-industry firm. |
« edellinen | seuraava »
SCIMA