Cost-of-Capital in Managerial Finance : An Examination of Practices in the German Real Economy Sector / by Dennis Schlegel.

Format:

Book

Author/Creator:

Schlegel, Dennis., Author.

Series:

Contributions to Management Science, 1431-1941

Language:

English

Subjects (All):

Macroeconomics.

Finance.

Industrial organization.

Macroeconomics/Monetary Economics//Financial Economics.

Finance, general.

Industrial Organization.

Local Subjects:

Macroeconomics/Monetary Economics//Financial Economics.

Finance, general.

Industrial Organization.

Physical Description:

1 online resource (255 p.)

Edition:

1st ed. 2015.

Place of Publication:

Cham : Springer International Publishing : Imprint: Springer, 2015.

Language Note:

English

Summary:

This book examines cost-of-capital models and their application in the context of managerial finance. This includes the use of hurdle rates in capital allocation decisions, as well as target returns in performance management. Besides a review of classical finance models such as the Capital Asset Pricing Model (CAPM), other contemporary models and techniques to determine the cost-of-capital of business units and private companies are discussed. Based on a mixed methods approach, current cost-of-capital practices and their determinants are empirically analyzed among German companies.

Contents:

Introduction

Background: Cost-of-Capital in the Finance Literature

Previous Results on Cost-of-Capital Practices

Research Philosophy and Ethics

Empirical Research Approach and Methods

Primary Research: Expert Interviews

Primary Research: Company Survey

Conclusion and Contribution to Knowledge

Appendix.

Notes:

Description based upon print version of record.

Includes bibliographical references at the end of each chapters.

ISBN:

3-319-15135-5

OCLC:

904046327