Asymmetry and the cost of capital.

DSpace/Manakin Repository

Asymmetry and the cost of capital.

Show simple item record

dc.contributor.author Sarria Allende, Virginia
dc.contributor.author García Sánchez, Javier
dc.contributor.author Preve, Lorenzo
dc.date.accessioned 2016-10-07T13:29:15Z
dc.date.available 2016-10-07T13:29:15Z
dc.date.issued 2011
dc.identifier.citation García-Sánchez, Javier and Preve, Lorenzo A. and Sarria-Allende, Virginia, Asymmetry and the Cost of Capital (December 13, 2010). en_US
dc.identifier.uri https://riu.austral.edu.ar/handle/123456789/211
dc.description.abstract 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 volatility of cash flows. We show the existence of the bias and assess its size. We finally propose a novel methodology to obtain a direct unbiased estimation of the expected return on assets. This method avoids the computational error that is obtained from the estimation of the individual components. en_US
dc.language.iso en en_US
dc.publisher 2nd World Finance Conference, Rhodes. en_US
dc.subject Cost of Capital en_US
dc.subject Cost of Debt en_US
dc.subject Weighted Average Cost of Capital en_US
dc.subject Leverage en_US
dc.title Asymmetry and the cost of capital. en_US
dc.type Article en_US


Files in this item

Files Size Format View
2 SSRN-id1783576.pdf 694.6Kb PDF View/Open

This item appears in the following Collection(s)

Show simple item record

Search DSpace


Advanced Search

Browse

My Account