Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

The cost of capital concept has myriad applications in business decision-making. The standard methodology for deriving cost of capital estimates is based on the seminal Modigliani-Miller analyses. This book generalizes this framework to include non-debt tax shields (e.g., depreciation), interactions between the borrowing rate and tax shields, and default considerations. It develops several new results and shows how better cost of capital and marginal tax rate estimates can be generated. The book's unified cost of capital theory is discussed with comprehensive numerical examples and graphical

Corporations --- Capital costs. --- Corporate debt. --- Capital assets pricing model. --- Financial leverage. --- Finance. --- Corporations. --- Capital costs --- Corporate debt --- Capital assets pricing model --- Financial leverage --- Financial Management & Planning --- Finance --- Business & Economics --- 657.4 --- AA / International- internationaal --- 658.41 --- 338.03 --- Accounts. Accounting systems. Cost accounting --- Herkomst van het kapitaal der bedrijven. --- Kapitaal. --- 657.4 Accounts. Accounting systems. Cost accounting --- Leverage, Financial --- Capital asset pricing model --- CAPM (Capital assets pricing model) --- Pricing model, Capital assets --- Cost of capital --- Cost of debt --- Cost of equity --- Business finance --- Capitalization (Finance) --- Corporate finance --- Corporate financial management --- Corporation finance --- Financial analysis of corporations --- Financial management, Corporate --- Financial management of corporations --- Financial planning of corporations --- Managerial finance --- Capital --- Investments --- Debt --- Debt financing (Corporations) --- Cost --- Going public (Securities) --- Mathematical models --- Kapitaal --- Herkomst van het kapitaal der bedrijven --- Corporations - Finance.