管理会計における資本コスト Cost-of-Capital in Managerial Finance : An Examination of Practices in the German Real Economy Sector (Contributions to Management Science) （2015）

Schlegel, Dennis

Springer International Publishing AG（2015/03発売）

• 製本 Hardcover:ハードカバー版／ページ数 245 p.
• 言語 ENG
• 商品コード 9783319151342

Full Description

This book examines cost-of-capital models and their application in the context of managerial finance. This includes the use of hurdle rates in capital allocation decisions, as well as target returns in performance management. Besides a review of classical finance models such as the Capital Asset Pricing Model (CAPM), other contemporary models and techniques to determine the cost-of-capital of business units and private companies are discussed. Based on a mixed methods approach, current cost-of-capital practices and their determinants are empirically analyzed among German companies.

Contents

Introduction.- Background: Cost-of-Capital in the Finance Literature.- Previous Results on Cost-of-Capital Practices.- Research Philosophy and Ethics.- Empirical Research Approach and Methods.- Primary Research: Expert Interviews.- Primary Research: Company Survey.- Conclusion and Contribution to Knowledge.- Appendix.