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TURKOVÁ, J. KORYTÁROVÁ, J.
Originální název
Determination of the Cost of Equity by means of the CAPM Method
Typ
článek ve sborníku ve WoS nebo Scopus
Jazyk
angličtina
Originální abstrakt
The article deals with the problematic of the calculation of the cost of equity as an inseparable part of the weighted average cost of capital (WACC) value determination (Miller R. A., USA, 2009). Various methods can be used for the calculation of the cost of equity. This text concentrates on the CAPM (Capital Asset Pricing Model) method based on the objectively identified inputs and market valuation risks (Tham J., USA, 2004).This model requires three inputs for the calculation – risk-free interest rate, beta coefficient and return on the market portfolio shares (Damodaran A., USA, 2001). In spite of considering this method to be the most objective and most commonly used in valuation practice, it has also several disadvantages.
Klíčová slova
Discount rate, weighted cost of capital, cost of equity, capital asset pricing, risk premium, beta coefficient
Autoři
TURKOVÁ, J.; KORYTÁROVÁ, J.
Rok RIV
2014
Vydáno
16. 10. 2014
Nakladatel
VUT v Brně, FAST, EKŘ
Místo
Brno
ISBN
978-80-214-5050-9
Kniha
PBE PhD FORUM 2014
Číslo edice
1
Strany od
163
Strany do
170
Strany počet
8
BibTex
@inproceedings{BUT111728, author="Jiřina {Vrbková} and Jana {Korytárová}", title="Determination of the Cost of Equity by means of the CAPM Method", booktitle="PBE PhD FORUM 2014", year="2014", number="1", pages="163--170", publisher="VUT v Brně, FAST, EKŘ", address="Brno", isbn="978-80-214-5050-9" }