Do We Need CAPM for Capital Budgeting?
收藏NBER2002-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w8719
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资源简介：
A key input to the capital budgeting process is the cost of capital. Financial managers most often use the CAPM for estimating the cost of capital for which they need to know the market risk premium. Textbooks advocate using the historical value for the U.S. equity premium as the market risk premium
资本预算流程的关键输入是资本成本。财务经理最常使用资本资产定价模型（CAPM）估算资本成本，而这需要他们了解市场风险溢价。教科书主张将美国股票溢价的历史值作为市场风险溢价。
提供机构：
美国国家经济研究局
创建时间：
2002-01-01
