Demystifying the user of beta in the determination of the cost of capital and an illustration of its use in Lazard's valuation of Conrail

Business Valuation Update
Data and Publications Update
March 16, 2001
beta, cost of capital, regression analysis, systematic risk, unsystematic risk

Summary

The Journal of Corporation Law , Winter 2000, Vol. 25 This article discusses deriving the figure for beta (a measure of a security's sensitivity to market movements) in valuing capital budgeting ...