Cost-of-Capital in Managerial Finance (eBook)

An Examination of Practices in the German Real Economy Sector

Dennis Schlegel (Autor)

eBook Download: PDF

2015 | 2015
XII, 245 Seiten
Springer International Publishing (Verlag)
978-3-319-15135-9 (ISBN)

Infos

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.

Dennis Schlegel is an expert in the field of Managerial Finance and Accounting. He graduated with a PhD from Leeds Beckett University, UK. He currently holds a position as a consultant at a Big Four audit and advisory firm in Germany and is a visiting lecturer at various universities.

Inhalt

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.

Produkt-Details

• Erscheint lt. Verlag: 24.2.2015
• Reihe/Serie: Contributions to Management Science
• Reihe/Serie: Contributions to Management Science
• Zusatzinfo: XII, 245 p. 80 illus.
• Verlagsort: Cham
• Sprache: englisch
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: Agency Theory • Capital Allocation • Capital Budgeting • CAPM • managerial finance • WACC
• ISBN-10: 3-319-15135-5 / 3319151355
• ISBN-13: 978-3-319-15135-9 / 9783319151359