全球智库信息集成服务系统(G2TT): The Cost of Capital in Japan: Recent Evidence and Further Results

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w3371
来源ID	Working Paper 3371
	The Cost of Capital in Japan: Recent Evidence and Further Results
	Albert Ando; Alan J. Auerbach
发表日期	1990-05-01
出版年	1990
语种	英语
摘要	We extend our recent work measuring the cost of capital in Japan and the United States by considering several questions that such results raised. Among our findings are: (1) The small firm - large firm distinction appears to be more significant in Japan, not in the United States; (2) Correcting Japanese accounting statements for cross-holding raises the estimated Japanese cost-of-capital by about 1 percentage point; (3) Correcting Japanese accounting statements for unmeasured returns to land has a significantly more important effect: the most conservative correction we attempt raises the implied Japanese return to capital to parity with the United States during the mid-1980's.
主题	Macroeconomics ; Financial Economics
URL	https://www.nber.org/papers/w3371
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/560660
推荐引用方式 GB/T 7714	Albert Ando,Alan J. Auerbach. The Cost of Capital in Japan: Recent Evidence and Further Results. 1990.