Accounting-based downside risk, cost of capital, and the macroeconomy
نویسندگان
چکیده
منابع مشابه
Analyzing the Incremental Information Content of Earnings Downside Risk in Explaining the Cost of Capital
The purpose of this study is to investigate the effect of a new measure of risk, the earnings downside risk on capital costs, and comparing the incremental information content of this measure to other risk metrics. accordingly, two hypotheses were defined and the effect of the earnings downside risk on the cost of capital as well as the information content of this measure in relation to the...
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We use data from the Survey of Consumer Finance and Survey of Income Program Participation to show that young households with children are under-insured against the risk that an adult member of the household dies. We develop a macroeconomic model with human capital risk, limited pledgability of human capital (limited contract enforcement), and age-dependent returns to human capital investment. ...
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پس از بررسی هر کدام از فاکتورهای نوع صنعت, نوع ضمانت نامه, نرخ بهره , نرخ تورم, ریسک اعتباری کشورها, کارمزد, ریکاوری, gdp, پوشش و وثیقه بر ریسک اعتباری صندوق ضمانت صادرات ایران مشخص گردید که همه فاکتورها به استثنای ریسک اعتباری کشورها و کارمزد بقیه فاکتورها رابطه معناداری با ریسک اعتباری دارند در ضمن نرخ بهره , نرخ تورم, ریکاوری, و نوع صنعت و ریسک کشورها اثر عکس روی ریسک اعتباری داردو پوشش, وثی...
15 صفحه اولThe Entrepreneur’s Cost of Capital: Incorporating Downside Risk in the Buildup Method
Capital Asset Pricing Model (CAPM) suggests that an investor’s cost of equity capital is determined by beta, a measure of systematic risk based on how returns co-move with the overall market. We propose to replace beta with downside beta, a measure more consistent with investors’ perception of risk. Recent empirical evidence suggests that downside beta better captures the risk-return relationsh...
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ژورنال
عنوان ژورنال: Review of Accounting Studies
سال: 2015
ISSN: 1380-6653,1573-7136
DOI: 10.1007/s11142-015-9338-7