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THE WEIGHTED AVERAGE COST OF CAPITAL: SOME QUESTIONS ON ITS DEFINITION, INTERPRETATION, AND USE
8 references·2 citing·29 second hop
THE WEIGHTED AVERAGE COST OF CAPITAL: SOME QUESTIONS ON ITS DEFINITION, INTERPRETATION, AND USE (1973)THE WEIGHTED AVERAGE COST OF CAPITAL: SOM…The cost of capital, corporation finance and the theory of investment (2008)The cost of capital, corporat…Financial Management and Policy (1969)Financial Management and Poli…The Capital Expenditure Decision. (1968)The Capital Expenditure Decis…The Effect of Capital Structure on the Cost of Capital. (1964)The Effect of Capital Structu…The Investment, Financing, and Valuation of the Corporation. (1963)The Investment, Financing, an…The Investment, Financing, and Valuation of the Corporation (1963)The Investment, Financing, an…The Capital Budgeting Decision. (1961)The Capital Budgeting Decisio…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Cost of Capital, Corporat…Problems with the Concept of the Cost of Capital (1978)Problems with the Concept of …THE COST OF CAPITAL AS A WEIGHTED AVERAGE (1975)THE COST OF CAPITAL AS A WEIG…The Theory of Financial Management. (1964)INTERACTIONS OF CORPORATE FINANCING AND INVESTMENT DECISIONS—IMPLICATIONS FOR CAPITAL BUDGETING (1974)The Capital Budgeting Decision (2012)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Law and Finance (1998)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors (1988)Predicting Excess Stock Returns Out of Sample: Can Anything Beat the Historical Average? (2007)A Simulation Model of Capital Budgeting Under Uncertainty (1968)A Comprehensive Comparison and Critique of Discounting Indices Proposed For Capital Investment Evaluation (1971)BREAK‐EVEN ANALYSIS FOR LOCKHEED'S TRI STAR: AN APPLICATION OF FINANCIAL THEORY (1973)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)A Test of the Equivalent-Risk Class Hypothesis (1969)The Intertemporal Behavior of Corporate Debt Policy (1976)RELATIONSHIP BETWEEN FINANCIAL LEVERAGE AND FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA (2015)The Weighted Average Cost of Capital as a Cutoff Rate: A Further Analysis (1979)The Investment Banking Contract For New Issues Under Asymmetric Information: Delegation And The Incentive Problem (1980)Shareholder wealth, information signaling and the specially designated dividend (1983)Tourism Risk and Uncertainty (2014)Intrinsic Bubbles: The Case of Stock Prices (1989)Movements in the Equity Premium (1993)The Finite Horizon Expected Return Model (1997)ABANDONMENT VALUE AND CAPITAL BUDGETING* (1967)THE RELEVANT INTERNAL RATE OF RETURN (2004)Extending project management research: Insights from social theories (2014)
this work references cited by second hop

References

  • 1958The Cost of Capital, Corporation Finance and the Theory of Investment14,494 cited
  • 2008The cost of capital, corporation finance and the theory of investment8,614 cited
  • 1963The Investment, Financing, and Valuation of the Corporation958 cited
  • 1969Financial Management and Policy727 cited
  • 1963The Investment, Financing, and Valuation of the Corporation.483 cited
  • 1961The Capital Budgeting Decision.147 cited
  • 1968The Capital Expenditure Decision.74 cited
  • 1964The Effect of Capital Structure on the Cost of Capital.43 cited

Cited by

  • 1975THE COST OF CAPITAL AS A WEIGHTED AVERAGE35 cited
  • 1978Problems with the Concept of the Cost of Capital33 cited

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