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Asymmetry and the cost of capital.
(2nd World Finance Conference, Rhodes., 2011)
The expected cost of capital is a crucial component for most of the topics in corporate finance. Unfortunately in the presence of risky debt, it is systematically overestimated. This bias is increasing in leverage and the ...
Theory and practice of corporate finance: Evidence and distinctive features in Latin America
(Emerging Markets Review, 2011)
We survey 290 LATAM firms on capital budgeting, cost of capital and capital structure issues. We analyze the results and compare them to those of other studies. We interpret differences according to special features ...