The Cost of Capital: Intermediate Theory

Paperback / softback

Main Details

Title The Cost of Capital: Intermediate Theory
Authors and Contributors      By (author) Seth Armitage
Physical Properties
Format:Paperback / softback
Pages:370
Dimensions(mm): Height 247,Width 172
Category/GenreFinance and accounting
ISBN/Barcode 9780521000444
ClassificationsDewey:332.04101
Audience
Tertiary Education (US: College)
Professional & Vocational
Illustrations 4 Tables, unspecified

Publishing Details

Publisher Cambridge University Press
Imprint Cambridge University Press
Publication Date 17 March 2005
Publication Country United Kingdom

Description

This book provides an answer to the question, 'What does the finance and economics literature say about the determination and estimation of a project's cost of capital?'. Uniquely, it reviews both the theory of asset pricing in discrete time and a range of more applied topics which relate to project valuation, including the effects of corporate and personal taxes, the international dimension, estimation of the cost of equity in practice, and the cost of capital for regulated utilities. It seeks to explain models and arguments in a way which does justice to the reasoning, whilst minimising the prior knowledge of finance and maths expected of the reader. It acts as a bridge between a general undergraduate or MBA text in finance, accounting or economics, and the modern theoretical literature on the cost of capital.

Author Biography

Seth Armitage is a Reader in Finance and head of the finance group at Heriot-Watt University, Edinburgh. His current and recent research centres on the financing of companies and has included work on rights issues and open offers, the role of banks in funding companies, sources of finance in developing countries and mutual financial institutions. He is the author of Syndicated Lending in Europe (1998).