Ian A. Cooper

London Business School

Sussex Place

Regent's Park

London, London NW1 4SA

United Kingdom

SCHOLARLY PAPERS

37

DOWNLOADS
Rank 2,687

SSRN RANKINGS

Top 2,687

in Total Papers Downloads

25,943

TOTAL CITATIONS
Rank 6,103

SSRN RANKINGS

Top 6,103

in Total Papers Citations

159

Scholarly Papers (37)

1.

The Cost of Debt

Number of pages: 16 Posted: 14 Feb 2001
Ian A. Cooper and Sergei Davydenko
London Business School and University of Toronto - Finance Area
Downloads 6,902 (2,260)
Citation 5

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2.

Consistent Methods of Valuing Companies By Dcf: Methods and Assumptions

Number of pages: 21 Posted: 18 Aug 2006
Ian A. Cooper and Kjell G. Nyborg
London Business School and University of Zurich - Department of Banking and Finance
Downloads 2,036 (16,982)
Citation 6

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discounted cash flow, APV, WACC, leverage policy, value of tax shields, equity cash flow

3.

Valuing the Debt Tax Shield

NHH Dept. of Finance & Management Science Discussion Paper No. 2007/15
Number of pages: 28 Posted: 12 Apr 2007
Ian A. Cooper and Kjell G. Nyborg
London Business School and University of Zurich - Department of Banking and Finance
Downloads 1,937 (18,416)
Citation 9

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4.

Optimal Equity Valuation Using Multiples: The Number of Comparable Firms

Number of pages: 38 Posted: 23 Sep 2008 Last Revised: 12 Nov 2022
Ian A. Cooper and Neophytos Lambertides
London Business School and Cyprus University of Technology
Downloads 1,861 (19,598)
Citation 13

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Equity valuation, valuation, multiples valuation

Consistent Valuation of Project Finance and LBO's Using the Flows-to-Equity Method

Number of pages: 33 Posted: 25 Aug 2010 Last Revised: 13 Mar 2017
Ian A. Cooper and Kjell G. Nyborg
London Business School and University of Zurich - Department of Banking and Finance
Downloads 797 (65,937)
Citation 1

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Valuation, flows-to-equity, equity cash flow, cost of equity, project finance, LBO

Consistent Valuation of Project Finance and LBO's Using the Flows-to-Equity Method

Swiss Finance Institute Research Paper No. 10-51
Number of pages: 26 Posted: 14 Dec 2010 Last Revised: 05 Jan 2017
Ian A. Cooper and Kjell G. Nyborg
London Business School and University of Zurich - Department of Banking and Finance
Downloads 677 (81,614)
Citation 1

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Valuation, flows-to-equity, equity cash flow, cost of equity, project finance, LBO

6.

Using Yield Spreads to Estimate Expected Returns on Debt and Equity

Number of pages: 34 Posted: 04 Apr 2003
Ian A. Cooper and Sergei Davydenko
London Business School and University of Toronto - Finance Area
Downloads 1,313 (33,147)
Citation 15

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Credit spreads, Expected default, Credit risk, Cost of capital, Equity premium

7.

Discount Rates and Tax

Number of pages: 39 Posted: 06 Sep 2004
Ian A. Cooper and Kjell G. Nyborg
London Business School and University of Zurich - Department of Banking and Finance
Downloads 938 (53,631)

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On Tests of the Conditional Relationship between Beta and Returns

Number of pages: 17 Posted: 23 Oct 2006 Last Revised: 09 May 2011
Ian A. Cooper
London Business School
Downloads 717 (75,798)
Citation 3

Abstract:

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capital asset pricing model, CAPM, conditional beta, beta and return

On Tests of the Conditional Relationship between Beta and Returns

Applied Financial Economics, Vol. 19, 2009
Posted: 23 Mar 2009
Ian A. Cooper
London Business School

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Beta, CAPM, conditional CAPM

The Value of Tax Shields is Equal to the Present Value of Tax Shields

London Business School Institute of Finance No. IFA-428
Number of pages: 9 Posted: 15 Oct 2004
Ian A. Cooper and Kjell G. Nyborg
London Business School and University of Zurich - Department of Banking and Finance
Downloads 613 (92,772)
Citation 11

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Tax shields, leverage, adjusted present value.

The Value of Tax Shields is Equal to the Present Value of Tax Shields

CEPR Discussion Paper No. 5182
Number of pages: 17 Posted: 25 Aug 2005
Ian A. Cooper and Kjell G. Nyborg
London Business School and University of Zurich - Department of Banking and Finance
Downloads 54 (825,849)
Citation 3
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Tax shields, leverage, adjusted present value

The Value of Tax Shields is Equal to the Present Value of Tax Shields

Journal of Financial Economics, Vol. 81, No. 1, July 2006
Posted: 21 Aug 2006
Ian A. Cooper and Kjell G. Nyborg
London Business School and University of Zurich - Department of Banking and Finance

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Value of tax shields, Leverage policy, Adjusted present value, Unlevered beta, Cost of capital

10.

The Cost of Capital for the UK Water Sector

Regulation Initative Working Paper No. 28
Number of pages: 40 Posted: 17 Oct 2002
Michelle Bush and Ian A. Cooper
London Business School and London Business School
Downloads 647 (87,754)

Abstract:

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Tax-Adjusted Discount Rates With Investor Taxes and Risky Debt

London Business School Institute of Finance Paper
Number of pages: 19 Posted: 18 Oct 2004 Last Revised: 26 Nov 2007
Ian A. Cooper and Kjell G. Nyborg
London Business School and University of Zurich - Department of Banking and Finance
Downloads 606 (94,160)
Citation 5

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Capital structure, valuation, risky debt, cost of capital

Tax-Adjusted Discount Rates with Investor Taxes and Risky Debt

CEPR Discussion Paper No. DP6646
Number of pages: 21 Posted: 05 Jun 2008
Ian A. Cooper and Kjell G. Nyborg
London Business School and University of Zurich - Department of Banking and Finance
Downloads 5 (1,350,205)
Citation 2
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Tax adjusted discount rate, WACC

Tax-Adjusted Discount Rates with Investor Taxes and Risky Debt

Financial Management, Summer 2008
Posted: 01 Oct 2008
Ian A. Cooper and Kjell G. Nyborg
London Business School and University of Zurich - Department of Banking and Finance

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Capital structure, value of tax shields, risky debt, cost of capital, WACC

12.

Is There a Limit to the Accuracy of Equity Valuation Using Multiples?

Number of pages: 44 Posted: 10 Jul 2013 Last Revised: 23 Jun 2016
Ian A. Cooper and Neophytos Lambertides
London Business School and Cyprus University of Technology
Downloads 608 (95,034)
Citation 1

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Equity Valuation, Valuation, Multiples Valuation

13.

Estimating Sustainable Normalized Operating Free Cash Flow

Number of pages: 24 Posted: 22 Jun 2016 Last Revised: 29 Jun 2016
Ian A. Cooper
London Business School
Downloads 528 (113,465)
Citation 1

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Normalized Cash Flow, Sustainable Cash Flow, Enterprise Value

14.

Bank Loan Loss Accounting Treatments, Credit Cycles and Crash Risk

London Business School Accounting Research Paper Series
Number of pages: 54 Posted: 03 Aug 2015 Last Revised: 22 Feb 2017
Cyprus University of Technology, London Business School, Cyprus University of Technology and Durham University Business School
Downloads 486 (125,472)
Citation 1

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Accounting conservatism, loan loss accounting, bank lending, crash risk

15.

The Value of Tax Shields is Equal to the Present Value of Tax Shields: Further Remarks

Number of pages: 11 Posted: 02 Dec 2004
Ian A. Cooper and Kjell G. Nyborg
London Business School and University of Zurich - Department of Banking and Finance
Downloads 420 (149,209)
Citation 8

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Tax shields, leverage, adjusted present value

16.

A Test of International Equity Market Integration Using Evidence from Cross-Border Mergers

London Business School Institute of Finance Paper No. 433
Number of pages: 38 Posted: 06 Apr 2005
Richard A. Brealey, Ian A. Cooper and Evi Kaplanis
London Business School, London Business School and London Business School
Downloads 408 (154,243)
Citation 1

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international mergers, international equity market integration, stochastic discount factors, international betas, segmented markets, primary listing

17.
Downloads 406 (155,102)
Citation 2

International Propagation of the Credit Crisis

Number of pages: 51 Posted: 21 Nov 2010 Last Revised: 29 Mar 2012
Richard A. Brealey, Ian A. Cooper and Evi Kaplanis
London Business School, London Business School and London Business School
Downloads 364 (173,483)
Citation 2

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banking, financial institutions, capital structure, risk management, international finance, monetary economics, credit crisis, international transmission, contagion, financial regulation

International Propagation of the Credit Crisis

Number of pages: 49 Posted: 23 Mar 2012
Richard A. Brealey, Ian A. Cooper and Evi Kaplanis
London Business School, London Business School and London Business School
Downloads 42 (919,764)

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banking, financial institutions, capital structure, risk management, international finance, monetary economics, credit crisis, international transmission, contagion, financial regulation

Corporate Hedging: The Relevance of Contract Specifications and Banking Relationships

Number of pages: 30 Posted: 28 May 1999
Ian A. Cooper and Antonio S. Mello
London Business School and University of Wisconsin-Madison - Department of Finance, Investment and Banking
Downloads 382 (164,462)
Citation 1

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Corporate Hedging: The Relevance of Contract Specifications and Banking Relationships

Posted: 15 Jun 1999
Ian A. Cooper and Antonio S. Mello
London Business School and University of Wisconsin-Madison - Department of Finance, Investment and Banking

Abstract:

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19.

A Measure of Pure Home Bias

Review of Finance, Forthcoming
Number of pages: 55 Posted: 01 Jun 2015 Last Revised: 06 May 2018
Ian A. Cooper, Piet Sercu and Rosanne Vanpee
London Business School, FEB at KU Leuven and KU Leuven Faculty of Economics and Business
Downloads 375 (169,440)
Citation 4

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Home bias, foreign bias, international equity investment

Excess Comovement in International Equity Markets: Evidence from Cross-Border Mergers

EFA 2006 Zurich Meetings Paper
Number of pages: 36 Posted: 30 May 2006 Last Revised: 05 Mar 2009
Ian A. Cooper, Richard A. Brealey and Evi Kaplanis
London Business School, London Business School and London Business School
Downloads 317 (201,781)
Citation 3

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International mergers, international equity market integration, stochastic discount factors, international betas, segmented markets, primary listing

Excess Comovement in International Equity Markets: Evidence from Cross-Border Mergers

Review of Financial Studies, Forthcoming
Posted: 26 May 2009
Richard A. Brealey, Ian A. Cooper and Evi Kaplanis
London Business School, London Business School and London Business School

Abstract:

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International mergers, international equity market integration, stochastic discount factors, international betas, segmented markets, primary listing

Excess Comovement in International Equity Markets: Evidence from Cross-Border Mergers

Review of Financial Studies, Vol. 23, No. 4, pp. 1718-1740, April 2010
Posted: 01 Jun 2010
Richard A. Brealey, Ian A. Cooper and Evi Kaplanis
London Business School, London Business School and London Business School

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International Mergers, International Equity Market Integration, Stochastic Discount Factors, International Betas, Segmented Markets, Primary Listing

21.

Setting the Horizon Value Using DCF-Based Methods: Teaching Note

Number of pages: 28 Posted: 26 Apr 2018 Last Revised: 10 Jan 2019
Ian A. Cooper
London Business School
Downloads 297 (218,151)

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Horizon Value, Discounted Cash Flow, Constant Growth, Residual Income, Franchise Value

22.

Costs to Crossborder Investment and International Equity Market Equilibrium

Recent Developments in Corporate Finance, 1986, J Edwards (ed), Cambridge University Press
Number of pages: 20 Posted: 21 Dec 2012
Ian A. Cooper and Evi Kaplanis
London Business School and London Business School
Downloads 280 (232,017)
Citation 10

Abstract:

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Home bias

23.

Optimal Passive Currency Holdings: Equilibrium Currency Hedging Revisited

Number of pages: 33 Posted: 01 Jun 2010 Last Revised: 27 Feb 2011
Ian A. Cooper and Andrey Kuzmenko
London Business School and affiliation not provided to SSRN
Downloads 262 (248,295)

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Currency Hedging, Equilibrium, Passive Management, Equity Portfolios, International Portfolios

24.

Which Measure of Aggregate Implied Cost of Capital Predicts Equity Market Returns?

Number of pages: 34 Posted: 24 May 2016
Ian A. Cooper and Arkodipta Sarkar
London Business School and London Business School, Department of Finance
Downloads 248 (262,418)
Citation 1

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Implied Cost of Capital, Return Predictability, Expected Returns, Dividend Discount Model

Valuation in the Public and Private Sectors: Tax, Risk, Debt Capacity, and the Cost of Capital

Swiss Finance Institute Research Paper No. 18-68
Number of pages: 45 Posted: 24 Oct 2018 Last Revised: 25 Jan 2022
Richard A. Brealey, Ian A. Cooper and Michel A. Habib
London Business School, London Business School and University of Zurich
Downloads 235 (275,095)

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Valuation in the Public and Private Sectors: Tax, Risk, Debt Capacity, and the Cost of Capital

CEPR Discussion Paper No. DP13277
Number of pages: 46 Posted: 29 Oct 2018
Richard A. Brealey, Ian A. Cooper and Michel A. Habib
London Business School, London Business School and University of Zurich
Downloads 3 (1,362,033)
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cost of capital, debt capacity, private sector, Public sector, risk, tax, Valuation

26.

The Behaviour of Sentiment-Induced Share Returns: Measurement When Fundamentals are Observable

Number of pages: 35 Posted: 08 Jul 2014
Richard A. Brealey, Ian A. Cooper and Evi Kaplanis
London Business School, London Business School and London Business School
Downloads 221 (293,564)
Citation 8

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investor sentiment, return predictability, arbitrage

27.

LBO Valuation Using Flows to Equity

Swiss Finance Institute Research Paper No. 23-74
Number of pages: 11 Posted: 01 Sep 2023
Ian A. Cooper and Kjell G. Nyborg
London Business School and University of Zurich - Department of Banking and Finance
Downloads 219 (296,125)

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LBO modelling; Equity free cash flow; Hybrid flows; Discount rate; Leverage

28.

Valuing Real Options with Estimation Error: DCF Versus No-Arbitrage

Number of pages: 30 Posted: 13 Sep 2012
Ian A. Cooper
London Business School
Downloads 205 (315,332)

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real options, valuation, DCF, no-arbitrage

29.

Foreign Bias in Equity Portfolios: Informational Advantage or Familiarity Bias?

De Nederlandsche Bank Working Paper No. 742
Number of pages: 45 Posted: 21 Mar 2022 Last Revised: 17 Apr 2023
De Nederlandsche Bank, London Business School, FEB at KU Leuven and KU Leuven Faculty of Economics and Business
Downloads 200 (322,546)
Citation 3

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International portfolio choice; home bias; foreign bias; informational advantage; familiarity; behavioral economics; active share.

Partially Segmented International Capital Markets and International Capital Budgeting

Number of pages: 28 Posted: 29 May 2009 Last Revised: 01 Jun 2009
Evi Kaplanis and Ian A. Cooper
London Business School and London Business School
Downloads 199 (322,902)
Citation 1

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Market segmentation and integration, international capital budgeting, cost of capital esitmates, global CAPM

Partially Segmented International Capital Markets and International Capital Budgeting

Journal of International Money and Finance, Vol. 19, 2000
Posted: 22 Aug 2006
Ian A. Cooper and Evi Kaplanis
London Business School and London Business School

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Market segmentation and integration, international capital budgeting, cost of capital esitmates, global CAPM

31.

Large Dividend Increases and Leverage

Number of pages: 48 Posted: 16 Jun 2017 Last Revised: 25 Oct 2017
Ian A. Cooper and Neophytos Lambertides
London Business School and Cyprus University of Technology
Downloads 191 (338,316)
Citation 3

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Capital structure, dividend policy, dividend changes, leverage

32.
Downloads 168 (377,500)

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Corporate valuation, horizon value, horizon date, constant growth formula, Tesla

33.

The Effect of Mergers on US Bank Risk in the Short Run and in the Long Run

Number of pages: 47 Posted: 09 Aug 2017 Last Revised: 29 Sep 2019
Richard A. Brealey, Ian A. Cooper and Evi Kaplanis
London Business School, London Business School and London Business School
Downloads 159 (395,880)
Citation 2

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bank mergers, bank risk, bank regulation, too big to fail, concentration-fragility

34.

The Equity Home Bias Puzzle: A Survey

Foundations and Trends in Finance, Vol. 7, No. 4, 2013
Number of pages: 143 Posted: 18 Jan 2014
Ian A. Cooper, Piet Sercu and Rosanne Vanpee
London Business School, FEB at KU Leuven and KU Leuven Faculty of Economics and Business
Downloads 23 (1,100,312)
Citation 35
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Equity, home bias, international portfolio choice

35.

Partially Segmented International Capital Markets, Securities Market Equilibrium, and Corporate Financial Policy

Working Paper 220
Posted: 13 Jul 1998
Ian A. Cooper and Evi Kaplanis
London Business School and London Business School

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36.

Netting and the Design of Financial Contracts with Default Risk

London Business School Institute of Finance and Accounting Working Paper 205
Posted: 03 Jul 1998
Ian A. Cooper and Antonio S. Mello
London Business School and University of Wisconsin-Madison - Department of Finance, Investment and Banking

Abstract:

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37.

Arithmetic Versus Geometric Mean Estimators: Setting Discount Rates for Capital Budgeting

EUROPEAN FINANCIAL MANAGEMENT, Vol. 2 No. 2, 1996
Posted: 02 Jul 1998
Ian A. Cooper
London Business School

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