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Keywords: Cost of capital
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Journal Articles
Journal Articles
Management Research Review (2019) 42 (11): 1243–1258.
Published: 07 November 2019
... for business decisions more effective. Design/methodology/approach Any possible inconsistencies between ERM, generating value because of imperfect capital markets and the CAPM to calculate cost of capital, which assumes perfect markets, must be avoided. Therefore, it is imperative that valuation methods...

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