Eaton et al., 2025 - Google Patents
The Cost of Equity: Evidence from Investment Banking ValuationsEaton et al., 2025
View PDF- Document ID
- 2313538992046089255
- Author
- Eaton G
- Guo F
- Liu T
- Tu D
- Publication year
- Publication venue
- Journal of Financial and Quantitative Analysis
External Links
Snippet
Using manually compiled cost of equity (COE) estimates disclosed in takeover regulatory filings, we provide novel evidence on how investment bankers estimate discount rates. COE estimates are related to several risk proxies, such as beta and size. Other firm characteristics …
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