Title: The real cost of capital : a business field guide to better financial decisions /
Authors: Ogier, Tim.; Rugman, John.; Spicer, Lucinda.
Publisher: Financial Times/Prentice Hall,
Year: 2004
Subjects: Corporations Finance; Business enterprises Finance
Abstract: "The Real Cost of Capital describes the key issues in understanding and using the cost of capital today, taking principles from the world of management finance and putting them into the context of major investment decisions." "The Real Cost of Capital is required reading for anyone involved in the practical issues of cost of capital decisions. It brings together the latest academic thinking with practical requirements in a real-life context, and the authors have used their combined experience of advising governments and international blue-chip companies to bring readers up to date with current issues."--Jacket.
Contents: Risk and return revisited -- CAPM @ work -- The great EMRP debate -- CAPM is dead : long live CAPM -- The cost of debt and optimal capital structure -- International WACC and country risk -- Cash flows, the dot.com bubble, and all that -- Using the cost of capital in business valuations -- International valuation and appraisal -- Premia and discounts.