Screen Library2015 international valuation handbook : a guide to cost of capital : market results through December 2014 and March 2015 /
The most complete, up-to-date international cost of capital data for 179 countries The 2015 International Valuation Handbook is the annual guide for estimating cost of capital and comparing markets in over 150 countries. Designed to replace the discontinued Morningstar international reports, this bo...
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| Main Authors: | |
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| Corporate Authors: | |
| Group Author: | ; |
| Published: |
Wiley,
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| Publisher Address: | Hoboken, New Jersey : |
| Publication Dates: | [2015] |
| Literature type: | Book |
| Language: | English |
| Series: |
Wiley finance series. |
| Subjects: | |
| Summary: |
The most complete, up-to-date international cost of capital data for 179 countries The 2015 International Valuation Handbook is the annual guide for estimating cost of capital and comparing markets in over 150 countries. Designed to replace the discontinued Morningstar international reports, this book provides country-level cost of equity capital estimates for more than 150 countries, built on the same rigorous analysis. It includes country-level risk premiums and country-level equity risk premiums, which can be used to estimate country-level cost of equity capital globally, from the perspect. |
| Carrier Form: | 1 volume (various pagings) : illustrations (some color) ; 29 cm. |
| ISBN: | 9781119070252 : |
| Index Number: | HG4028 |
| CLC: | F275-62 |
| Call Number: | F275-62/G728 |
| Contents: |
2015 International Valuation Handbook: Guide to Cost of Capital; About the Data; About Duff & Phelps; Additional Resources; Table of Contents; Acknowledgements; Introduction; Who Should Use the 2015 International Valuation Handbook -- Guide to Cost of Capital; New and Notable; About the International Valuation Handbook -- Guide to Cost of Capital; ERPs, CRPs, and RVs are Different, and are Properly Used Differently; Risk Premia Over the Risk-free Rate and Risk Premia over CAPM (i.e., size premia) Measure Different Types of Risks; Chapter 1 International Cost of Capital -- Overview Cost of Capital DefinedAre Country Risks Real?; Risks Typically Associated with International Investment; Financial Risks; Economic Risks; Political Risks; Does the Currency Used to Project Cash Flows Impact the Discount Rate?; Summary; Chapter 2 Strengths and Weaknesses of Commonly Used Models; World (or Global) CAPM; Globally Nested CAPM; Single-country Version of the CAPM; Damodaran's Local Country Risk Exposure Model; Alternative Risk Measures (downside risk); What Model Should I Use?; Economic Integration; Chapter 3 International Equity Risk Premia; Description of Data; Methodology The Equity Risk Premium (ERP)Calculating Historical ERP; Equity Returns; Risk-free Returns (long-horizon); Risk-free Returns (short-horizon); Description of Data Series Used; Australia; Austria; Belgium; Canada; France; Germany; Ireland; Italy; Japan; Netherlands; New Zealand; South Africa; Spain; Switzerland; United Kingdom; United States; Currency Translation; How to Use the International ERP Tables; Appendix 3A: Additional Sources of International ERP Data; Dimson, Marsh, and Staunton Equity Risk Premia Data; Pablo Fernandez Equity Risk Premia and Risk-free Rate Surveys Chapter 4 Country Yield Spread ModelIntroduction; Brief Background on Euromoney's ECR Score; Investor Perspectives; Country Yield Spread Model; Methodology -- Country Yield Spread Model; Why is the United States Being Treated as a 'AAA' Rated Country?; Using Country Yield Spread Model CRPs to Estimate Base Country-level Cost of Equity Capital; Using Country Yield Spread Model CRPs to Estimate Cost of Equity Capital for Use in Evaluating a Subject Business, Asset, or Project; Chapter 5 Relative Volatility Model; Relative Volatility Model; Investor Perspectives Methodology -- Relative Volatility ModelUsing Relative Volatility Model RV Factors to Estimate Base Country-level Cost of Equity Capital; Using Relative Volatility Model RV Factors to Estimate Cost of Equity Capital for Use in Evaluating a Subject Business, Asset, or Project; Chapter 6 Erb-Harvey-Viskanta Country Credit Rating Model; A Notable Difference with Previous Reports: Country Risk Premia (CRPs); Data Sources; Country Credit Ratings; Equity Returns; The CCR Model; Different Investor Perspectives; Global Cost of Equity Capital -- High-level Comparisons |