Management And Accounting Web

Cost of Capital Bibliography

Provided by James R. Martin, Ph.D., CMA
Professor Emeritus, University of South Florida

Cost of Capital Main Page

Aboody, D., J. Hughes and J. Liu. 2005. Earnings quality, insider trading, and cost of capital. Journal of Accounting Research (December): 651-673. (JSTOR link).

Ashton, D. and P. Wang. 2013. Terminal valuations, growth rates and the implied cost of capital. Review of Accounting Studies 18(1): 261-290.

Bacidore, J. M., J. A. Boquist, T. T. Milbourn and A. V. Thakor. 1997. The search for the best financial performance measure. Financial Analysts Journal (May/June): 11-20. (Summary).

Barth, M. E., Y. Konchitchki and W. R. Landsman. 2013. Cost of capital and earnings transparency. Journal of Accounting and Economics (April-May): 206-224.

Baxter, W. T. and N. H. Carrier. 1971. Depreciation, replacement price, and cost of capital. Journal of Accounting Research (Autumn): 189-214. (JSTOR link).

Bertomeu, J. 2015. Incentive contracts, market risk, and cost of capital. Contemporary Accounting Research 32(4): 1337-1352.

Bertomeu, J. 2016. Diagnostics to evaluate cost of capital measures. Discussion of Christodoulou et al. Abacus 52(1): 211-219.

Bertomeu, J. and E. Cheynel. 2016. Disclosure and the cost of capital: A survey of the theoretical literature. Abacus 52(2): 221-258.

Bierman, H. Jr. and C. P. Alderfer. 1970. Estimating the cost of capital, a different approach. Decision Sciences 1(1-2): 40-53.

Boles, K. E. 1986. Implications of the method of capital cost payment on the weighted average cost of capital. Health Services Research (June): 189.

Bova, F. 2016. Discussion of Accounting for biological assets and the cost of debt. Journal of International Accounting Research 15(2): 49-51.

Cao, Y., J. N. Myers, L. A. Myers and T. C. Omer. 2015. Company reputation and the cost of equity capital. Review of Accounting Studies 20(1): 42-81.

Chen, S., L. Harris, W. Li and D. Wu. 2015. How does XBRL affect the cost of equity capital? Evidence from an emerging market. Journal of International Accounting Research 14(2): 123-145.

Chen, Z., O. Z. Li and H. Zou. 2016. Directors' and officers' liability insurance and the cost of equity. Journal of Accounting and Economics (February): 100-120.

Cheynel, E. 2013. A theory of voluntary disclosure and cost of capital. Review of Accounting Studies 18(4): 987-1020.

Christensen, P. O., G. A. Feltham and M. G. H. Wu. 2002. "Cost of capital" in residual income for performance evaluation". The Accounting Review (January): 1-23. (JSTOR link).

Christodoulou, D., C. Clubb and S. Mcleay. 2016. A structural accounting framework for estimating the expected rate of return on equity. Abacus 52(1): 176-210.

Clinton, B. D. and S. Chen. 1998. Do new performance measures measure up? Management Accounting (October): 38, 40-43. (Summary).

Copeland, T. 2002. Want to create value? Strategic Finance (March): 48-54. (Expectations based management is a measure of financial performance based on the difference between actual and expected performance. The measurement is [Actual return on invested capital, or ROIC - expected return on invested capital x invested capital] - [Actual weighted average cost of capital, or WACC - expected weighted average cost of capital] + [ROIC - WACC] x [Actual invested capital - expected capital]. See page 53. Illustrations based on Sears vs. Wal-Mart, Chevron Corp, and Coca-Cola Company).

Daly, A. and H. A. Skaife. 2016. Accounting for biological assets and the cost of debt. Journal of International Accounting Research 15(2): 31-47.

Dargenidou, C., S. McLeay and I. Raonic. 2006. Expected earnings growth and the cost of capital: An analysis of accounting regime change in the European financial market. Abacus 42(3-4): 388-414.

Dhaliwal, D., J. S. Judd, M. Serfling and S. Shaikh. 2016. Customer concentration risk and the cost of equity capital. Journal of Accounting and Economics (February): 23-48.

Dierks, P. A. and A. Patel. 1997. What is EVA, and how can it help your company? Management Accounting (November): 52-58. (Summary).

Eiteman, D. S. 1967. A closer look at cost of capital. Management Accounting (July): 57-63.

Elliott, G. S. 1980. Analyzing the cost of capital. Management Accounting (December): 12-13, 16-18.

Esposito, E. F. 2013. The cost of capital for middle-market companies: Using middle-market finance theory and Pepperdine Private Capital Markets Project. The CPA Journal (March): 53-56.

Ezzamel, M. A. 1980. Estimating the cost of capital for a division of a firm and the allocation problem in accounting: A comment. Journal of Business Finance & Accounting 7(1): 65-73.

Feng, M. 2014. Discussion of "Evaluating cross-sectional forecasting models for implied cost of capital." Review of Accounting Studies 19(3): 1186-1190.

Fera, N. 1997. Using shareholder value to evaluate strategic choices. Management Accounting (November): 47-51. (Summary).

Fox, R. P. 1984. Why the cost of capital should not be used for capital investment appraisal. Management Accounting UK (May): 22-23.

Francis, J. R., I. K. Khurana and R. Pereira. 2005. Disclosure incentives and effects on cost of capital around the world. The Accounting Review (October): 1125-1162. (JSTOR Link).

Fuller, R. J. and H. S. Kerr. 1981. Estimating the divisional cost of capital: An analysis of the pure-play technique. The Journal of Finance (December): 997-1009.

Gebhardt, W. R., C. M. C. Lee and B. Swaminathan. 2001. Toward an implied cost of capital. Journal of Accounting Research (June): 135-176. (JSTOR link).

Gode, D. and P. Mohanram. 2003. Inferring the cost of capital using the Ohlson-Juettner model. Review of Accounting Studies 8(4): 399-431.

Gordon, L. A. 1976. The return on investment and the cost of capital. Management Accounting (February): 37-40.

Hou, K., M. A. van Dijk and Y. Zhang. 2012. The implied cost of capital: A new approach. Journal of Accounting and Economics (June): 504-526.

Hribar, P. and N. T. Jenkins. 2004. The effect of accounting restatements on earnings revisions and the estimated cost of capital. Review of Accounting Studies 9(2-3): 337-356.

Hughes, J., J. Liu and J. Liu. 2009. On the relation between returns and implied cost of capital. Review of Accounting Studies 14(2-3): 246-259.

Ilett, F. Jr. 1976. Cost of capital in hospital financing. Management Accounting (February): 46-48.

Indjejikian, R. J. 2007. Discussion of accounting information, disclosure, and the cost of capital. Journal of Accounting Research (May): 421-426. (JSTOR link).

Jacobs, M. T. and A. Shivdasani. 2012. Do you know your cost of capital? Harvard Business Review (July/August): 118-124.

Jalbert, T. and S. P. Landry. 2003. Which performance measurement is best for your company? Management Accounting Quarterly (Spring): 32-41. (Discussion of EVA, tracking stock and balanced scorecard). (Summary).

Johnstone, D. 2016. The effect of information on uncertainty and the cost of capital. Contemporary Accounting Research 33(2): 752-774.

Kasznik, R. 2004. Discussion of “The effect of accounting restatements on earnings revisions and the estimated cost of capital”. Review of Accounting Studies 9(2-3): 357-367.

Kee, R. C. 1999. Using economic value added with ABC to enhance production-related decision making. Journal of Cost Management (December): 3-15. (Summary).

Konchitchki, Y. 2016. Accounting valuation and cost of capital dynamics: Theoretical and empirical macroeconomic aspects. Discussion of Callen. Abacus 52(1): 26-34.

Konchitchki, Y., Y. Luo, M. L. Ma and F. Wu. 2016. Accounting-based downside risk, cost of capital, and the macroeconomy. Review of Accounting Studies 21(1): 1-36.

Lambert, R., C. Leuz and R. E. Verrecchia. 2007. Accounting information, disclosure, and the cost of capital. Journal of Accounting Research (May): 385-420. (JSTOR link).

Lambert, R. A. 2009. Discussion of "On the relation between expected returns and implied cost of capital". Review of Accounting Studies 14(2-3): 260-268.

Lambert, R. A. and R. E. Verrecchia. 2015. Information, illiquidity, and cost of capital. Contemporary Accounting Research 32(2): 438-454.

Lara, J. M. G., B. G. Osma and F. Penalva. 2011. Conditional conservatism and cost of capital. Review of Accounting Studies 16(2): 247-271.

Li, K. K. and P. Mohanram. 2014. Evaluating cross-sectional forecasting models for implied cost of capital. Review of Accounting Studies 19(3): 1152-1185.

Li, S. and R. Pinsker. 2005. Modeling RBRT adoption and its effects on cost of capital. International Journal of Accounting Information Systems 6(3): 196-215.

Martin, J. R. Not dated. Relationship between the internal rate of return (IRR), cost of capital, and net present value (NPV). Management And Accounting Web. https://maaw.info/IRRNPVandCostofCapital.htm

Maus, W. J. 1980. How to calculate the cost of capital in a privately-owned company. Management Accounting (June): 20-24.

McNulty, J. J., T. D. Yeh, W. S. Schulze and M. H. Lubatkin. 2002. What's your real cost of capital? Harvard Business Review (October): 114-121. (Replacing the capital asset pricing model with the market-derived capital pricing model).

Melnyk, Z. L. 1970. Cost of capital as a function of financial leverage. Decision Sciences 1(3-4): 327-356.

National Association of Accountants. 1984. Statement on management accounting, no. 4A - Cost of capital. Management Accounting (November): 68-74.

National Association of Accountants. 1988. SMA 4H: Uses of the cost of capital. Management Accounting (January): 55-58.

Pagano, M. S. and D. E. Stout. 2004. Calculating a firm's cost of capital. Management Accounting Quarterly (Spring): 13-20.

Plumlee, M. A. 2016. Discussion of "The effect of information on uncertainty and the cost of capital". Contemporary Accounting Research 33(2): 775-782.

Pratt, S. P. 1998. Cost of Capital: Estimation and Applications. John Wiley & Sons.

Pratt, S. P. 2002. Cost of Capital Set, Set contains: Cost of Capital Book and Workbook. John Wiley & Sons.

Rickey, K. R. 1966. Cost of capital - Determination and use. Management Accounting (February): 14-19.

Trabelsi, S. 2015. Discussion of How does XBRL affect the cost of equity capital? Evidence from an emerging market. Journal of International Accounting Research 14(2): 147-149.

Vatter, W. J. 1964. The cost of capital. California Management Review (Summer): 19-30.

Verrecchia, R. E. 1999. Disclosure and the cost of capital: A discussion. Journal of Accounting and Economics (January): 271-283.

Zhang, L. and S. Ding. 2006. The effect of increased disclosure on cost of capital: Evidence from China. Review of Quantitative Finance & Accounting 27(4): 383-401.