Estimating the Portuguese average cost of capital

Abstract: "In spite of the importance of having a figure for the domestic average cost of capital to bare the estimates of the discount rates used in a number of long-term investments, the fact is that Portugal does not yet know with confidence its own value. Part of the answer might be attached to the number of profound impacts that affected and disturbed its capital markets during the twentieth century, in particular the break introduced by the Carnation Revolution in 1974. This paper translates both a test to the methodology necessary to make such an estimate under the Portuguese constraints, and also a first estimate of such a figure. From the daily data available for the quotations of shares listed in the Lisbon Stock Exchange, a time series of a comprehensive index is constructed covering an a weekly basis (Wednesdays) a time sample of 31.5 years, from January 1978 to June 2009. It also constitutes the first part of a 3- year project intended to study the entire twentieth century and t

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• Alternative title: Schätzung der durchschnittlichen portugiesischen Kapitalkosten
• Location: Deutsche Nationalbibliothek Frankfurt am Main
• Extent: Online-Ressource
• Language: Englisch

References and Relationships

• Bibliographic citation: Estimating the Portuguese average cost of capital ; volume:37 ; number:2 ; year:2012 ; pages:326-361 ; Veröffentlichungsversion ; begutachtet (peer reviewed) ; Historical social research ; 37, Heft 2 (2012), 326-361

Classification and Topics

• Classification: Wirtschaft ; Geschichte

Contributors, Places and Time

• Creator: da Costa, José Rodrigues ; Mata, Maria Eugénia ; Justino, David

Further information

• DOI: 10.12759/hsr.37.2012.2.326-361
• URN: urn:nbn:de:0168-ssoar-372978
• Rights: Open Access; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.