Download This PaperThe Cost of Capital: If Not the CAPM, Then What?
8 Pages Posted: 2 Sep 2021
Date Written: 2021
Abstract
Twenty years ago, it would have been considered heresy to doubt the usefulness of the capital asset pricing model (CAPM) in assessing the cost of capital. The author argues that today, the CAPM should not just be doubted—it should be discarded.
Suggested Citation: Suggested Citation
Welch, Ivo, The Cost of Capital: If Not the CAPM, Then What? (2021). Management and Business Review, Vol. 1, No. 1, Winter 2021, Available at SSRN: https://ssrn.com/abstract=3916459
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