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- W2079494515 abstract "We extend our recent work measuring the cost of capital in Japan and the United States by considering several questions that such results raised. Among our findings are:(1) The small firm - large firm distinction appears to be more significant in Japan, not in the United States;(2) Correcting Japanese accounting statements for cross-holding raises the estimated Japanese cost-of-capital by about 1 percentage point;(3) Correcting Japanese accounting statements for unmeasured returns to land has a significantly more important effect: the most conservative correction we attempt raises the implied Japanese return to capital to parity with the United States during the mid-1980's." @default.
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- W2079494515 date "1990-05-01" @default.
- W2079494515 modified "2023-09-25" @default.
- W2079494515 title "The Cost of Capital in Japan: Recent Evidence and Further Results" @default.
- W2079494515 doi "https://doi.org/10.3386/w3371" @default.
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