Research Discussion Paper – RDP 8807 The Cost of Capital: Some Issues
August 1988
- Abstract
- Download the Paper 803KB
Contents
- Introduction
- The Importance of the Cost of Capital
- Trends in the Cost of Debt and Equity
- Theory of the Cost of Capital
- A Cost of Capital Series
- Summary and Conclusions
- Appendix I: Some Regulatory Changes Relevant to the Cost of Capital
- Appendix II: Construction of the Cost of Capital Measure
- Appendix III: The Data
- References
Endnote
This paper was originally prepared for the “Conference on Australian Monetary Policy Post-Campbell” in Melbourne 7–8 August 1987. I am extremely grateful to Warwick McKibbin and Eric Siegloff for invaluable assistance with this paper. Also, I wish to thank Adrian Blundell-Wignall for helpful comments, Michael Andersen for calculating Tobin's q and Marion Saddington for production assistance. The views expressed in this paper are those of the author and do not necessarily reflect the views of the Reserve Bank. [*]