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Theory Of The Firm's Cost Of Capital, A
How Debt Affects The Firm's Risk, Value, Tax Rate, And The Government's Tax Claim
By: Ramesh K S Rao, Eric C Stevens
Hardcover | 1 May 2007
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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 illustrations.This book will be of interest to corporate managers, academics, investment bankers, governmental agencies, and private companies that generate cost of capital estimates for public consumption.
Industry Reviews
ISBN: 9789812569493
ISBN-10: 9812569499
Published: 1st May 2007
Format: Hardcover
Language: English
Number of Pages: 104
Audience: College, Tertiary and University
Publisher: World Scientific Publishing Co Pte Ltd
Country of Publication: SG
Dimensions (cm): 23.5 x 15.88 x 1.27
Weight (kg): 0.33
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This product is categorised by
- Non-FictionAccounting & FinanceFinanceCorporate Finance
- Non-FictionBusiness & ManagementManagement & Management TechniquesManagement of Specific AreasBudgeting & Financial Management
- Non-FictionAccounting & FinanceAccounting
- Non-FictionEconomicsEconomics of Industrial Organisation
- Non-FictionAccounting & FinanceFinancePublic Accounting in FinanceTax & Taxation