The search for value : measuring the company´s cost of capital / Michael C. Ehrhardt
Series: Financial management association survey and synthesis seriesPublisher: Boston, Massachusetts : Harvard Business School Press, ©1994Description: xii, 232 páginas : ilustraciones, cuadros ; 23 cmContent type: texto Media type: no mediado Carrier type: volumenISBN: 0875843808Subject(s): Capitalistas | Compañias | Corporaciones | Costos de Capital | Gerencia financiera | Inversiones de capital | ValoracionDDC classification: 658.152Item type | Current location | Collection | Call number | Vol info | Copy number | Status | Date due | Barcode | Item holds |
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B. Campus los Cerros Colección general | Colección general | 658.152 E336 (Browse shelf) | 1994 | 1 | Available | 0000041431 |
Includes bibliographical references and index.
The search for value. -- Why you should use the weighted average cost of capital. -- The cost of capital under more realistic assumptions. -- How to estimate your weighted average cost of capital. -- Using the capital asset pricing model to estimate the cost of equity. -- Multifactor models. -- The cost of capital for a division, a project, or a private company. -- Unfunded pension liabilities. -- Some advanced issues: flotation costs and long-term projects. -- Estimating the cost of debt and preferred stock. -- The cost of capital for regulated companies: utilities and deposit-taking financial institutions. -- The cost of capital in a global economy. -- Valuing strategic options: when the discounted cash flow approach doesn´t work.
In The Search for Value: Measuring the Company's Cost of Capital, Michael C. Ehrhardt analyzes the latest prescriptive techniques and models for determining the cost of capital. He provides a comprehensive framework for practitioners by detailing the various methods for accurately evaluating investment in projects, divisions, or entire companies. He begins with a general discussion of the cost of capital within the context of a firm´s overall search for value and continues on to cover such topics as discounted cash flow analysis, flotation costs, long-term projects, and international projects, as well as situations in which traditional cash flow analysis may not apply, such as regulated companies.
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