Browsing Artículos y borradores de administración – Working papers by Subject "Unlisted companies"
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The application of proxy methods for estimating the cost of equity for unlisted companies : evidence from listed firms
(Springer New York LLC, 2021-03-13)The Campbell and Vuolteenaho (Am Econ Rev 94(5):1249–1275, 2004) two–beta model decomposes the systematic risk in the sensitivity of cash flow and discount rate change. We employed this model, which we call the Two Beta ...