Andere Kunden interessierten sich auch für
![Investment: Lifting the Burden: Tax Reform, the Cost of Capital, and U.S. Economic Growth]( "Investment: Lifting the Burden: Tax Reform, the Cost of Capital, and U.S. Economic Growth")
Investment: Lifting the Burden: Tax Reform, the Cost of Capital, and U.S. Economic Growth72,99 €![NASDAQ Market Simulation, A: Insights on a Major Market from the Science of Complex Adaptive Systems]( "NASDAQ Market Simulation, A: Insights on a Major Market from the Science of Complex Adaptive Systems")
NASDAQ Market Simulation, A: Insights on a Major Market from the Science of Complex Adaptive Systems137,99 €![Exchange Rate, Monetary and Financial Issues and Policies in Asia]( "Exchange Rate, Monetary and Financial Issues and Policies in Asia")
Exchange Rate, Monetary and Financial Issues and Policies in Asia136,99 €![Tax-Aware Investment Management]( "Tax-Aware Investment Management")
Tax-Aware Investment Management80,99 €![The Touche Ross Tax Guide for the Self-Employed]( "The Touche Ross Tax Guide for the Self-Employed")
The Touche Ross Tax Guide for the Self-Employed59,99 €![Risk, Risk Management and Regulation in the Banking Industry]( "Risk, Risk Management and Regulation in the Banking Industry")
Risk, Risk Management and Regulation in the Banking Industry179,99 €![Accounting and Tax Rules for Derivatives]( "Accounting and Tax Rules for Derivatives")
Accounting and Tax Rules for Derivatives272,99 €
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.