Assessing Discount Rate for a Project Financed Entirely with Equity Capital
Estimating discount rate for an investment project is one of the most challenging tasks incapital budgeting. In this paper we discuss different kind of models for cost of equity capital proposed infinance literature (static CAPM, conditional CAPM, APT, build-up model), focusing especially on advanta...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2007-09-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: | http://www.ectap.ro/articole/247.pdf |