The Dynamic Market-Derived Capital Pricing Model: Theoretical Foundations and Empirical Analysis

In this paper we propose a dynamic version of the Market-Derived Capital Pricing Model (MCPM) of McNulty, Yeh, Schulze and Lubatkin (2002).By introducing the competitive advantage period "CAP" in the algorithm of this model, we develop the Dynamic Market-Derived Capital Pricing Model (DMCP...

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Veröffentlicht in:	Journal of applied finance and banking 2014-09, Vol.4 (5), p.1
Hauptverfasser:	Mouelhi, Chaouki, Saint-Pierre, Jacques
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital assets CAPM Competition Competitive advantage Cost of capital Costs Economic value added Efficient markets Equity Investments Market equilibrium Options markets Securities markets Securities prices Studies
Online-Zugang:	Volltext
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