Cost of Capital Reader, 2017-2018 edition

September 2017 PDF

BVR (editor)

Business Valuation Resources, LLC

Estimating cost of capital remains a major challenge despite years of research and a wealth of available resources. The emergence of recent studies, resources, and scholarship has created something of an evolution to how appraisers understand and apply cost of capital techniques. Despite the age and ubiquity of this valuation tool, new questions are being asked about how best to derive and apply its constituent parts to arrive at a reasonable and defensible conclusion of value. 

 

Navigate the most recent discussions and advances in estimating cost of capital with BVR's new Cost of Capital Reader, 2017-2018 edition. This robust, searchable resource compiles a wealth of the most recent information from top publications such as the Business Valuation Update, Duff & Phelps Update, and more on important cost of capital topics. Easily assimilate this information to develop your own supportable opinion - the content is presented chronologically with the most recent articles from the past two years appearing first, plus select articles that provide a historical perspective and a bibliography that highlights the controversies and current thinking on cost of capital matters.

This publication and many more are also available for download with a subscription to the Digital Library.
$129.00/PDF Add to cart
Categories: cost of capital


Additional Product Details

 

Highlights Include:

  • Navigate the most recent discussions and advances in estimating the cost of capital, with current and historical articles from:
    • Business Valuation Update
    • Duff & Phelps Update
    • Webinar transcripts
    • BVWire
    • A bibliography of published material from thought-leaders

  • Assimilate a wealth of cost of capital information to develop your own supported opinion - the PDF report is fully searchable and contains live links to reference materials

  • Must-read articles such as:
    • How to Estimate WACC for a Cross-Border Valuation
    • Cost of Capital: An Anti-Cookbook Approach to Understanding
    • Debate Rekindles Over Private Cost of Capital Model
    • A Method to Adjust the Cost of Equity Capital For Prevailing Market Conditions
    • Seven Tips on Cost of Capital
    • And many more!

Table of Contents

  • Introduction
  • How to Estimate WACC for a Cross-Border Valuation
  • The Great Unwinding
  • Looking to Private Capital Markets for Private Firm Cost of Capital
  • Is the Size Effect Applicable in Estimating Cost of Equity?
  • Estimating Unlevered Cost of Equity Capital Using the Risk Premium
  • Cost of Capital: An Anti-Cookbook Approach to Understanding, by Dr. Michael Crain
  • Expanding the Cost of Capital Horizon Beyond CAPM, by Adam Manson
  • Debate Rekindles Over Private Cost of Capital Model
  • What’s New and Noteworthy in the DP 2016 Valuation Handbook, by Ronald L. Seigneur
  • Valuation Handbook – Guide to Cost of Capital and the Risk Premium Toolkit:  What You Need to Know in 2016, by Roger Grabowski
  • Seven Tips on Cost of Capital From the AICPA FVS Conference
  • Which Size Premium Should Be Used When the Subject Company Falls in a Different CRSP Decile Than the Guideline Companies?
  • Why Are There Fewer Industries in the Duff & Phelps Valuation Handbook—Industry Cost of Capital Than There Were in the Former Morningstar/IBBOTSON Cost of Capital Yearbook?
  • Pros and Cons of Models For Estimating the Cost of Equity in a Global Setting
  • Onward and Upward:  Introducing the New Fama-French Five-Factor Model
  • Benchmarking and Supporting International Cost of Capital Estimates with the New 2015 International Valuation Handbook, by James Harrington and Carla Nunes
  • Using the Industry Cost of Capital Handbook to Provide Better, Defensible Cost of Capital Estimates, by James Harrington
  • A Method to Adjust the Cost of Equity Capital For Prevailing Market Conditions, by Mark Vianello, CPA, ABV, CFF
  • Advanced Workshop on Cost of Capital, by Roger Grabowski
  • The Implied Private Company Pricing Model (IPCPM) K0 = (FCFF1/P) + g, by Bob Dohmeyer, Pete Butler, and Rod Burkert
  • IPCPL Developers Field Questions on the New Model’s Underlying Data
  • BV Community Reacts to New Cost of Capital Tool
  • Utilizing the Implied Private Company Pricing Model:  The Cost of Capital Wizard, by Robert Dohmeyer, Peter Butler, and Rod Burkert
  • Costs of Capital: You Can Love More Than Just One, by David Wanetick
  • Appendix A:  Papers, Books, and Research of Note on Cost of Capital
  • Appendix B:  Cost of Capital News Roundup