10. ex ante cost of equity estimates of s and p 500 firms the choice between global and domestic...
TRANSCRIPT
-
7/29/2019 10. Ex Ante Cost of Equity Estimates of S and P 500 Firms the Choice Between Global and Domestic CAPM
1/17
Ex Ante Cost of Equity Estimates of S&P 500 Firms: The Choice between Global and Domestic
CAPMAuthor(s): Robert S. Harris, Felicia C. Marston, Dev R. Mishra and Thomas J. O'BrienReviewed work(s):Source: Financial Management, Vol. 32, No. 3 (Autumn, 2003), pp. 51-66Published by: Wiley on behalf of the Financial Management Association InternationalStable URL: http://www.jstor.org/stable/3666383 .
Accessed: 08/02/2013 07:21
Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at .http://www.jstor.org/page/info/about/policies/terms.jsp
.JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of
content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms
of scholarship. For more information about JSTOR, please contact [email protected].
.
Wiley and Financial Management Association International are collaborating with JSTOR to digitize, preserve
and extend access to Financial Management.
http://www.jstor.org
This content downloaded on Fri, 8 Feb 2013 07:21:26 AMAll use subject to JSTOR Terms and Conditions
http://www.jstor.org/action/showPublisher?publisherCode=blackhttp://www.jstor.org/action/showPublisher?publisherCode=fmahttp://www.jstor.org/stable/3666383?origin=JSTOR-pdfhttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/stable/3666383?origin=JSTOR-pdfhttp://www.jstor.org/action/showPublisher?publisherCode=fmahttp://www.jstor.org/action/showPublisher?publisherCode=black -
7/29/2019 10. Ex Ante Cost of Equity Estimates of S and P 500 Firms the Choice Between Global and Domestic CAPM
2/17This content downloaded on Fri, 8 Feb 2013 07:21:26 AM
All use subject toJSTOR Terms and Conditions
http://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsp -
7/29/2019 10. Ex Ante Cost of Equity Estimates of S and P 500 Firms the Choice Between Global and Domestic CAPM
3/17This content downloaded on Fri, 8 Feb 2013 07:21:26 AM
All use subject toJSTOR Terms and Conditions
http://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsp -
7/29/2019 10. Ex Ante Cost of Equity Estimates of S and P 500 Firms the Choice Between Global and Domestic CAPM
4/17This content downloaded on Fri, 8 Feb 2013 07:21:26 AM
All use subject toJSTOR Terms and Conditions
http://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsp -
7/29/2019 10. Ex Ante Cost of Equity Estimates of S and P 500 Firms the Choice Between Global and Domestic CAPM
5/17This content downloaded on Fri, 8 Feb 2013 07:21:26 AM
All use subject toJSTOR Terms and Conditions
http://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsp -
7/29/2019 10. Ex Ante Cost of Equity Estimates of S and P 500 Firms the Choice Between Global and Domestic CAPM
6/17This content downloaded on Fri, 8 Feb 2013 07:21:26 AM
All use subject toJSTOR Terms and Conditions
http://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsp -
7/29/2019 10. Ex Ante Cost of Equity Estimates of S and P 500 Firms the Choice Between Global and Domestic CAPM
7/17This content downloaded on Fri, 8 Feb 2013 07:21:26 AM
All use subject toJSTOR Terms and Conditions
http://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsp -
7/29/2019 10. Ex Ante Cost of Equity Estimates of S and P 500 Firms the Choice Between Global and Domestic CAPM
8/17This content downloaded on Fri, 8 Feb 2013 07:21:26 AM
All use subject toJSTOR Terms and Conditions
http://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsp -
7/29/2019 10. Ex Ante Cost of Equity Estimates of S and P 500 Firms the Choice Between Global and Domestic CAPM
9/17This content downloaded on Fri, 8 Feb 2013 07:21:26 AM
All use subject toJSTOR Terms and Conditions
http://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsp -
7/29/2019 10. Ex Ante Cost of Equity Estimates of S and P 500 Firms the Choice Between Global and Domestic CAPM
10/17This content downloaded on Fri, 8 Feb 2013 07:21:26 AM
All use subject toJSTOR Terms and Conditions
http://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsp -
7/29/2019 10. Ex Ante Cost of Equity Estimates of S and P 500 Firms the Choice Between Global and Domestic CAPM
11/17This content downloaded on Fri, 8 Feb 2013 07:21:26 AM
All use subject toJSTOR Terms and Conditions
http://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsp -
7/29/2019 10. Ex Ante Cost of Equity Estimates of S and P 500 Firms the Choice Between Global and Domestic CAPM
12/17This content downloaded on Fri, 8 Feb 2013 07:21:26 AM
All use subject toJSTOR Terms and Conditions
http://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsp -
7/29/2019 10. Ex Ante Cost of Equity Estimates of S and P 500 Firms the Choice Between Global and Domestic CAPM
13/17This content downloaded on Fri, 8 Feb 2013 07:21:26 AM
All use subject toJSTOR Terms and Conditions
http://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsp -
7/29/2019 10. Ex Ante Cost of Equity Estimates of S and P 500 Firms the Choice Between Global and Domestic CAPM
14/17This content downloaded on Fri, 8 Feb 2013 07:21:26 AM
All use subject toJSTOR Terms and Conditions
http://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsp -
7/29/2019 10. Ex Ante Cost of Equity Estimates of S and P 500 Firms the Choice Between Global and Domestic CAPM
15/17This content downloaded on Fri, 8 Feb 2013 07:21:26 AM
All use subject toJSTOR Terms and Conditions
http://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsp -
7/29/2019 10. Ex Ante Cost of Equity Estimates of S and P 500 Firms the Choice Between Global and Domestic CAPM
16/17This content downloaded on Fri, 8 Feb 2013 07:21:26 AM
All use subject toJSTOR Terms and Conditions
http://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsp -
7/29/2019 10. Ex Ante Cost of Equity Estimates of S and P 500 Firms the Choice Between Global and Domestic CAPM
17/17