Estimating the Cost of Capital Implied by Market Prices and Accounting Data

146 citations recorded by the source corpus.

Citations in the corpus

Cooking the books : recipes and costs of falsified financial statements in China (2011, unknown): “However, this approach has been criticized as the forecasts may be biased and therefore do not accurately reflect the market’s expectations (Easton, 2006; Easton and Sommers, 2007; Easton 2009; Hou et al., 2010).”
CAPM for Estimating the Cost of Equity Capital: Interpreting the Empirical Evidence (2009, unknown): “…expectation, and have proposed that a direct measure of expected return should be used for asset price tests.3 There is a fairly large literature in accounting (See Easton (2008) and the reference therein) that computes the implied cost of capital (ICC) using equity analysts’ earnings forecasts.”
The Implied Cost of Capital: A New Approach (2012, unknown): “8 The literature on the ERC dates back to Ball and Brown (1968), Lev and Ohlson (1982), and Easton and Zmijewski (1989).”
Economic Consequences of Financial Reporting and Disclosure Regulation: A Review and Suggestions for Future Research (2008, unknown): “28 See Easton (2008) for a comprehensive discussion of the theoretical, empirical and methodological issues related to estimating a firm‟s implied cost of capital.”