Thesis/Dissertation: Feridun Batu Meftun: Cost of equity from the perspective of selected models
Master's thesis
Cost of equity from the perspective of selected models
Abstract
This thesis examines the cost of equity using the Dividend Discount Model and Capital Asset Pricing Model on BIST100 firms for ten years period from 2014–2023. Seven DDM variants and multiple CAPM beta estimation methods are tested. Results show CAPM models, particularly those using adjusted beta, explain returns more effectively, while Booth’s macro-based DDM shows predictive potential. The findings …more
Thesis description
The aim of the thesis is to evaluate the appropriateness of using selected models for determining the cost of equity.
Process of work:Introduction
1. Theoretical background
2. Review of relevant empirical literature
3. Data and methods specification (at least DDM and CAPM)
4. Analysis and results representation
5. Discussion of main results and formulation of possible recommendations
Conslusions
description, analysis, synthesis, deduction, selected ecometric methods
6/6/2025 12:06, Ing. Veronika Kajurová, Ph.D., UČO 390048
- Entered/Edited 17/6/2025 14:09, Bc. Adéla Petrušková, UČO 482920
- Record made 17/4/2025 10:19, Iva Havlíčková
- Accessible from: 9/5/2025 12:50, Iva Havlíčková
- Thesis/dissertation received 9/5/2025 12:50, Iva Havlíčková
Attachments
English
Literature
- DAMODARAN, Aswath. Damodaran on valuation : security analysis for investment and corporate finance. 2nd ed. Hoboken: Wiley, 2006, xi, 426. ISBN 0471751219.
- PINTO, Jerald E.; Elaine HENRY; Thomas R. ROBINSON; John D. STOWE and Stephen E. WILCOX. Equity asset valuation. Fourth edition. Hoboken, New Jersey: Wiley, 2020, xix, 688. ISBN 9781119628101.
- LUCA, Pasquale de. Analytical corporate valuation : fundamental analysis, asset pricing, and company valuation. Cham, Switzerland: Springer, 2018, 1 online. ISBN 9783319935515.
- BAKER, HK; E KILINCARSLAN and AH ARSAL. Dividend policy in Turkey: Survey evidence from Borsa Istanbul firms. Global Finance Journal. Stamford: Jai Press Inc, 2018, vol. 35, p. 43-57. ISSN 1044-0283.
- BALAKRISHNAN, K; L SHIVAKUMAR and P TAORI. Analysts’ estimates of the cost of equity capital. Journal of Accounting and Economics. 2021, vol. 71, 2-3. Available from: https://doi.org/10.1016/j.jacceco.2020.101367.
ČSN ISO 690-compliant citation record
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