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Cost-of-Capital in Managerial Finance

An Examination of Practices in the German Real Economy Sector

  • Book
  • © 2015

Overview

Authors:
  1. Dennis Schlegel

    1. Stuttgart, Germany

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  • Presents a comprehensive review of classical finance models
  • Shares business insights based on expert interviews and a large sample survey
  • Scientifically explains determinants of the theory-practice gap
  • Includes supplementary material: sn.pub/extras

Part of the book series: Contributions to Management Science (MANAGEMENT SC.)

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Table of contents (9 chapters)

  1. Front Matter

    Pages i-xii
    Download chapter PDF

  2. Introduction

    • Dennis Schlegel
    Pages 1-7

  3. Background: Cost-of-Capital in the Finance Literature

    • Dennis Schlegel
    Pages 9-70

  4. Previous Results on Cost-of-Capital Practices

    • Dennis Schlegel
    Pages 71-96

  5. Research Philosophy and Ethics

    • Dennis Schlegel
    Pages 97-106

  6. Empirical Research Approach and Methods

    • Dennis Schlegel
    Pages 107-116

  7. Primary Research: Expert Interviews

    • Dennis Schlegel
    Pages 117-146

  8. Primary Research: Company Survey

    • Dennis Schlegel
    Pages 147-213

  9. Conclusion and Contribution to Knowledge

    • Dennis Schlegel
    Pages 215-231

  10. Appendix

    • Dennis Schlegel
    Pages 233-245
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Keywords

About this book

This book examines cost-of-capital models and their application in the context of managerial finance. This includes the use of hurdle rates in capital allocation decisions, as well as target returns in performance management. Besides a review of classical finance models such as the Capital Asset Pricing Model (CAPM), other contemporary models and techniques to determine the cost-of-capital of business units and private companies are discussed. Based on a mixed methods approach, current cost-of-capital practices and their determinants are empirically analyzed among German companies.

Authors and Affiliations

  • Stuttgart, Germany

    Dennis Schlegel

About the author

Dennis Schlegel is an expert in the field of Managerial Finance and Accounting. He graduated with a PhD from Leeds Beckett University, UK. He currently holds a position as a consultant at a Big Four audit and advisory firm in Germany and is a visiting lecturer at various universities.

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