Matches in SemOpenAlex for { <https://semopenalex.org/work/W2201481401> ?p ?o ?g. }
- W2201481401 endingPage "111" @default.
- W2201481401 startingPage "111" @default.
- W2201481401 abstract "<p>We compare estimates of the UK industry cost of equity capital between the unconditional beta Arbitrage Pricing Model (APM), the conditional beta APM and the Capital Asset Pricing Model (CAPM). A statistically significant eight-factor APM leads to the best estimates of the UK industry cost of equity capital. During our full sample time period any of the APMs, unconditional APM or conditional APM, do a much better job than the CAPM.</p>However at times of extreme market volatility during the 2007 financial crisis, the conditional APM is the best model with the least errors. During a financial crisis investors and market participants’ expectations are revised. Economic forces at play include: increased market uncertainty, increased investors’ risk aversion and capital scarcity. We find that the macroeconomic factors impeded in the Conditional APM that vary over time using the latest information in the market, incorporate the economic forces at play and capture the extreme market volatility. Our findings have direct implications in the financial markets for regulators, corporate financial decision makers, corporations and governments." @default.
- W2201481401 created "2016-06-24" @default.
- W2201481401 creator A5075472273 @default.
- W2201481401 date "2015-12-24" @default.
- W2201481401 modified "2023-10-16" @default.
- W2201481401 title "Alternative Estimating Methodologies of the UK Industry Cost of Equity Capital: The Impact of 2007 Financial Crisis and Market Volatility" @default.
- W2201481401 cites W116314867 @default.
- W2201481401 cites W1496575647 @default.
- W2201481401 cites W1966097808 @default.
- W2201481401 cites W1975140694 @default.
- W2201481401 cites W1978221216 @default.
- W2201481401 cites W1981896535 @default.
- W2201481401 cites W1982070777 @default.
- W2201481401 cites W1985349674 @default.
- W2201481401 cites W1995834279 @default.
- W2201481401 cites W2004200995 @default.
- W2201481401 cites W2006808353 @default.
- W2201481401 cites W2007785900 @default.
- W2201481401 cites W2010681793 @default.
- W2201481401 cites W2015800048 @default.
- W2201481401 cites W2029056003 @default.
- W2201481401 cites W2042761025 @default.
- W2201481401 cites W2047134779 @default.
- W2201481401 cites W2050166003 @default.
- W2201481401 cites W2072973595 @default.
- W2201481401 cites W2081230882 @default.
- W2201481401 cites W2083148578 @default.
- W2201481401 cites W2089556049 @default.
- W2201481401 cites W2096008815 @default.
- W2201481401 cites W2104795328 @default.
- W2201481401 cites W2111187892 @default.
- W2201481401 cites W2113305199 @default.
- W2201481401 cites W2119498890 @default.
- W2201481401 cites W2134555350 @default.
- W2201481401 cites W2136120210 @default.
- W2201481401 cites W2136591320 @default.
- W2201481401 cites W2138113134 @default.
- W2201481401 cites W2139204428 @default.
- W2201481401 cites W2149170345 @default.
- W2201481401 cites W2151306296 @default.
- W2201481401 cites W2162022588 @default.
- W2201481401 cites W2166215547 @default.
- W2201481401 cites W3122712023 @default.
- W2201481401 cites W3122718005 @default.
- W2201481401 cites W3123752263 @default.
- W2201481401 cites W3123952677 @default.
- W2201481401 cites W3125396854 @default.
- W2201481401 cites W3125717248 @default.
- W2201481401 doi "https://doi.org/10.5539/ijef.v8n1p111" @default.
- W2201481401 hasPublicationYear "2015" @default.
- W2201481401 type Work @default.
- W2201481401 sameAs 2201481401 @default.
- W2201481401 citedByCount "0" @default.
- W2201481401 crossrefType "journal-article" @default.
- W2201481401 hasAuthorship W2201481401A5075472273 @default.
- W2201481401 hasBestOaLocation W22014814011 @default.
- W2201481401 hasConcept C106159729 @default.
- W2201481401 hasConcept C139719470 @default.
- W2201481401 hasConcept C162324750 @default.
- W2201481401 hasConcept C175444787 @default.
- W2201481401 hasConcept C17744445 @default.
- W2201481401 hasConcept C181236170 @default.
- W2201481401 hasConcept C181622380 @default.
- W2201481401 hasConcept C199539241 @default.
- W2201481401 hasConcept C199728807 @default.
- W2201481401 hasConcept C2778300220 @default.
- W2201481401 hasConcept C2781032883 @default.
- W2201481401 hasConcept C556758197 @default.
- W2201481401 hasConcept C74734477 @default.
- W2201481401 hasConcept C91602232 @default.
- W2201481401 hasConceptScore W2201481401C106159729 @default.
- W2201481401 hasConceptScore W2201481401C139719470 @default.
- W2201481401 hasConceptScore W2201481401C162324750 @default.
- W2201481401 hasConceptScore W2201481401C175444787 @default.
- W2201481401 hasConceptScore W2201481401C17744445 @default.
- W2201481401 hasConceptScore W2201481401C181236170 @default.
- W2201481401 hasConceptScore W2201481401C181622380 @default.
- W2201481401 hasConceptScore W2201481401C199539241 @default.
- W2201481401 hasConceptScore W2201481401C199728807 @default.
- W2201481401 hasConceptScore W2201481401C2778300220 @default.
- W2201481401 hasConceptScore W2201481401C2781032883 @default.
- W2201481401 hasConceptScore W2201481401C556758197 @default.
- W2201481401 hasConceptScore W2201481401C74734477 @default.
- W2201481401 hasConceptScore W2201481401C91602232 @default.
- W2201481401 hasIssue "1" @default.
- W2201481401 hasLocation W22014814011 @default.
- W2201481401 hasOpenAccess W2201481401 @default.
- W2201481401 hasPrimaryLocation W22014814011 @default.
- W2201481401 hasRelatedWork W1578102168 @default.
- W2201481401 hasRelatedWork W1935884959 @default.
- W2201481401 hasRelatedWork W2026791896 @default.
- W2201481401 hasRelatedWork W2032690760 @default.
- W2201481401 hasRelatedWork W2094979625 @default.
- W2201481401 hasRelatedWork W2261449554 @default.
- W2201481401 hasRelatedWork W2594293396 @default.
- W2201481401 hasRelatedWork W3124028295 @default.
- W2201481401 hasRelatedWork W3125047085 @default.
- W2201481401 hasRelatedWork W2182967581 @default.