Description:The cost of capital concept is widely used in business decision-making. The current theory and estimates for measurement of cost of capital are derived from the seminal Modigliani-Miller analyses. This book generalizes this framework to include non-debt tax shields (e.g., depreciation) and default considerations. It develops several new results and shows how better cost of capital and marginal tax rate estimates can be generated. The unified cost of capital theory presented in the book is illustrated graphically and with comprehensive numerical examples. This book will be of great interest to practicing managers, academics, governmental agencies and private companies that generate cost of capital estimates for public consumption.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with A Theory of the Firm's Cost of Capital: How Debt Affects the Firm's Risk, Value, Tax Rate and the Governments Tax Claim. To get started finding A Theory of the Firm's Cost of Capital: How Debt Affects the Firm's Risk, Value, Tax Rate and the Governments Tax Claim, you are right to find our website which has a comprehensive collection of manuals listed. Our library is the biggest of these that have literally hundreds of thousands of different products represented.
Pages
88
Format
PDF, EPUB & Kindle Edition
Publisher
World Scientific Publishing Company
Release
2010
ISBN
1281120987
A Theory of the Firm's Cost of Capital: How Debt Affects the Firm's Risk, Value, Tax Rate and the Governments Tax Claim
Description: The cost of capital concept is widely used in business decision-making. The current theory and estimates for measurement of cost of capital are derived from the seminal Modigliani-Miller analyses. This book generalizes this framework to include non-debt tax shields (e.g., depreciation) and default considerations. It develops several new results and shows how better cost of capital and marginal tax rate estimates can be generated. The unified cost of capital theory presented in the book is illustrated graphically and with comprehensive numerical examples. This book will be of great interest to practicing managers, academics, governmental agencies and private companies that generate cost of capital estimates for public consumption.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with A Theory of the Firm's Cost of Capital: How Debt Affects the Firm's Risk, Value, Tax Rate and the Governments Tax Claim. To get started finding A Theory of the Firm's Cost of Capital: How Debt Affects the Firm's Risk, Value, Tax Rate and the Governments Tax Claim, you are right to find our website which has a comprehensive collection of manuals listed. Our library is the biggest of these that have literally hundreds of thousands of different products represented.