Beta, as measured by the Capital Asset Pricing Model (CAPM), is widely used for pricing
stocks, determining the cost of capital, and gauging the extent to which markets are …

The appropriate cost of capital for a renewable energy project depends upon an accurate
measure of investment risk. Employing the conceptual framework of a commonly accepted …

This paper researches the sources of stock market risk influencing the pricing of 921 Latin
American stocks and computes their corresponding opportunity cost (COE) over the period …

Development of financial globalization in the form of stock market integration experiences a
trend which is getting stronger. The analysis models in the field of finance and investments …

Does the capital asset pricing model (CAPM) reflects the real risks perceived in doing
business in countries in the Middle East and North Africa (MENA)? To explore this question …

Die Bewertung von Unternehmen bzw. Unternehmensanteilen ist selbst in entwickelten
Märkten keine leichte Aufgabe, bei grenzüberschreitenden Unternehmenskäufen wird sie …

Purpose–The purpose of this paper is to assess how much difference it makes for US firms
to use the two‐factor ICAPM to estimate their cost of equity instead of a single‐factor CAPM …

For individual stocks of 46 countries, this study investigates empirical differences in discount
rate estimates between three risk-return models of interest to managers who perform …

This paper makes two contributions to the literature. First, we build on the methodology of
Ang and Liu (2004) to model the cost of capital term-structure for firms subject to foreign …

For US firms with extreme foreign exchange (FX) exposure levels, we ask whether the single-
factor global capital asset pricing model (CAPM) yields significantly different cost of equity …