Home › Corporate Finance › The Cost of Capital and Company Valuation
  • The Cost of Capital and Company Valuation by Gareth Owen book cover
  • The Cost of Capital and Company Valuation by Gareth Owen book cover
1 2

The Cost of Capital and Company Valuation

by Gareth Owen

Rethinking cost of capital and valuation

$16.45 USD
$27.42 USD $16.45 USD
Save 40%

Paperback New

Delivery to your door
In stock·Dispatches in 1–2 business days
Standard shipping* from $4.35
Standard shipping transit* 5–8 business days after dispatch

Faster options are available.

Rates and delivery estimates depend on your destination and item quantity. Estimates are informational only; the final shipping method and rate are selected at checkout.
Secure checkout
American Express Apple Pay DiscoverGoogle Pay Mastercard PayPalVisa
30-day eligible returns Returns & refunds policy

AlbakiReads Editorial

Rethinking cost of capital and valuation

Gareth Owen’s book challenges Modigliani and Miller’s 1963 treatment of taxation and develops alternative propositions about how taxes shape the allocation of cash flows and capital value among providers of finance. From that argument, it considers alternative approaches to calculating the cost of capital, including weighted average cost of capital (WACC). The discussion then turns to intrinsic valuation: how to assess companies, projects, and investments under different assumptions. The book’s scope links a theoretical debate about taxation and financing to practical valuation methods, making its central concern the assumptions behind financial calculations and the effects those assumptions have on estimated value.

Good fit for readers who enjoy

  • Readers studying corporate finance, capital structure, or company valuation.
  • Practitioners and students interested in cost-of-capital methods, WACC, and investment appraisal.

Themes

Taxation and capital structureCost of capital and WACCIntrinsic company and investment valuation

Based on publisher information and book metadata.

Book overview

THE COST OF CAPITAL AND COMPANY VALUATION fundamentally challenges Modigliani and Miller's treatment of taxation in their 'correction' from 1963. It provides new propositions around how taxes affect the distribution of cash flows and capital values between the suppliers of financial capital, leading to alternative ways of calculating the cost of capital, including, by extension, the weighted average cost of capital (WACC). Finally, it explores how to appropriately calculate the intrinsic value of companies and additional projects or investments, under different assumptions.
Shipping & returnsShipping options, delivery timing, and our return policy.

In-stock items normally dispatch within 1–2 business days. The ZIP-code estimator on this page is informational only; the final shipping method, price, and availability are confirmed at checkout for your full order.

For the initial delivery estimate we use these transit windows after dispatch: Standard 5–8 business days, Expedited 2–4 business days, and Priority 1–2 business days. Holiday delays are not included.

Eligible items can be returned within 30 days in accordance with our return policy.

Customer reviews

You may also like

View all