Empirical analysis of the Hsia option-pricing based model cost of capital
The cost of capital is a fundamental concept in strategic decisions such as capital investments, capital structure, new issues, mergers and acquisitions, spin-offs and other corporate restructurings. This paper explores empirically the option-based model developed by Hsia (1991) for estimating the c...
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| Format: | workingPaper |
| Language: | eng |
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2019
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| Online Access: | http://hdl.handle.net/10400.3/4976 |
| Country: | Portugal |
| Oai: | oai:repositorio.uac.pt:10400.3/4976 |