Cost-of-Capital in Managerial Finance

An Examination of Practices in the German Real Economy Sector

Dennis Schlegel (Autor)

Buch | Softcover

XII, 245 Seiten

2016 | 1. Softcover reprint of the original 1st ed. 2015
Springer International Publishing (Verlag)
978-3-319-38623-2 (ISBN)

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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.

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.

Erscheinungsdatum	14.10.2016
Reihe/Serie	Contributions to Management Science
Zusatzinfo	XII, 245 p. 80 illus.
Verlagsort	Cham
Sprache	englisch
Maße	155 x 235 mm
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
Schlagworte	Agency Theory • Capital Allocation • Capital Budgeting • CAPM • Economics • Economics and finance • economics of industrial organisation • Finance • Finance, general • Industrial Organization • Macroeconomics • Macroeconomics/Monetary Economics//Financial Econo • managerial finance • Monetary Economics • WACC
ISBN-10	3-319-38623-9 / 3319386239
ISBN-13	978-3-319-38623-2 / 9783319386232
Zustand	Neuware