Semantic Scholar Open Access 1997 5679 sitasi

Industry costs of equity

E. Fama K. French

Lihat Sumber DOI

Abstrak

Abstract Estimates of the cost of equity for industries are imprecise. Standard errors of more than 3.0% per year are typical for both the CAPM and the three-factor model of Fama and French (1993). These large standard errors are the result of(i) uncertainty about true factor risk premiums and (ii) imp ecise estimates of the loadings of industries on the risk factors. Estimates of the cost of equity for firms and projects are surely even less precise.

Topik & Kata Kunci

Economics

Penulis (2)

E. Fama

K. French

Format Sitasi

APA MLA BibTeX

Fama, E., French, K. (1997). Industry costs of equity. https://doi.org/10.1016/S0304-405X(96)00896-3

Akses Cepat

Lihat di Sumber doi.org/10.1016/S0304-405X(96)00896-3

Informasi Jurnal

Tahun Terbit: 1997
Bahasa: en
Total Sitasi: 5679×
Sumber Database: Semantic Scholar
DOI: 10.1016/S0304-405X(96)00896-3
Akses: Open Access ✓