2018 Valuation Handbook: International Guide to Cost of Capital
Carla Nunes, James Harrington, Roger Grabowski
Duff & Phelps
The Duff & Phelps 2018 Valuation Handbook - International Guide to Cost of Capital provides data and methodology guidance that will enable the reader to assess risk and develop cost of capital estimates on a global scale, coupled with data exhibits that provide country-level country risk premia (CRPs), Relative Volatility (RV) factors, and equity risk premia (ERPs). The data exhibits can be used to estimate country-level cost of equity capital globally, for up to 188 countries, from the perspective of investors based in up to 56 different countries (depending on data availability).
Highlights of the Valuation Handbook - International Guide to Cost of Capital include:
Country-level Country Risk Premia (CRPs) for up to 188 countries: The 2018 Valuation Handbook - International Guide to Cost of Capital provides country-level country risk premia for up to 188 countries globally, from the perspective of investors based in up to 56 different countries. CRPs are estimated using the following models: (i) Country Credit Rating Model and (ii) Country Yield Spread Model
Relative Volatility (RV) factors for up to 75 countries: The 2018 Valuation Handbook - International Guide to Cost of Capital provides country-level relative volatility factors from the perspective of investors in the U.S. and Germany. Relative volatility factors are estimated using the Relative Standard Deviation Model
Equity Risk Premia (ERPs) for 18 countries based in USD and "local" currency: The 2018 Valuation Handbook - International Guide to Cost of Capital provides long-horizon and short-horizon ERP data in USD and "local" currencies. Additional ERP resources include Pablo Fernandez' survey of ERPs for a variety of countries
*This book is now only available as a softcover publication and updates are automatically included. Print only purchases are no longer offered. The book will ship directly from the printer, so please allow 7-10 business days for delivery within the United States (excluding territories) from the time of availability. For deliveries outside of the United States, or to United States territories, please allow approximately 20 business days for delivery. The printed semi-annual update is expected to ship in late October 2018 with data through June 2018 and September 2018.