Business valuation and cost of capital
In business valuation, valuation experts have subjective opinions over the calculation of cost of capital in a valuation model. One of the most contentious issues relating to cost of capital is credit risk or default risk for lending activities in capital markets, which is mainly reflected in cost...
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Nanyang Technological University
2021
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| Online Access: | https://hdl.handle.net/10356/151792 |
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sg-ntu-dr.10356-1517922023-05-19T07:31:17Z Business valuation and cost of capital Leong, Hau Xiang Jian Ming Michelle Phang Mee Seong Nanyang Business School AMJian@ntu.edu.sg, MPhang@ntu.edu.sg Business::Marketing In business valuation, valuation experts have subjective opinions over the calculation of cost of capital in a valuation model. One of the most contentious issues relating to cost of capital is credit risk or default risk for lending activities in capital markets, which is mainly reflected in cost of debt. Till date, there is no uniform view on how credit risk is assessed and used in the calculation of cost of debt. This research paper focuses on the reputable methodologies proposed by Damodaran and Duff and Phelps on deriving cost of debt and identifying how closely it aligns with disclosures in the Annual Reports for Listed Companies. [1st Award] 2021-07-01T08:41:16Z 2021-07-01T08:41:16Z 2018 Student Research Poster Leong, H. X. (2018). Business valuation and cost of capital. Student Research Poster, Nanyang Technological University, Singapore. https://hdl.handle.net/10356/151792 https://hdl.handle.net/10356/151792 en NBS17025 © 2018 The Author(s). application/pdf Nanyang Technological University |
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Business::Marketing Leong, Hau Xiang Business valuation and cost of capital |
| description |
In business valuation, valuation experts have subjective opinions over the calculation of cost of capital in a valuation model. One of the
most contentious issues relating to cost of capital is credit risk or default risk for lending activities in capital markets, which is mainly
reflected in cost of debt. Till date, there is no uniform view on how credit risk is assessed and used in the calculation of cost of debt.
This research paper focuses on the reputable methodologies proposed by Damodaran and Duff and Phelps on deriving cost of debt and
identifying how closely it aligns with disclosures in the Annual Reports for Listed Companies. [1st Award] |
| author2 |
Jian Ming |
| author_facet |
Jian Ming Leong, Hau Xiang |
| format |
Student Research Poster |
| author |
Leong, Hau Xiang |
| author_sort |
Leong, Hau Xiang |
| title |
Business valuation and cost of capital |
| title_short |
Business valuation and cost of capital |
| title_full |
Business valuation and cost of capital |
| title_fullStr |
Business valuation and cost of capital |
| title_full_unstemmed |
Business valuation and cost of capital |
| title_sort |
business valuation and cost of capital |
| publisher |
Nanyang Technological University |
| publishDate |
2021 |
| url |
https://hdl.handle.net/10356/151792 |
| _version_ |
1772825242379485184 |