Estimating beta and Cost of Equity Capital for Non-traded Transportation Companies

Inhaltsangabe:Introduction: Estimating the cost of equity capital has two major implications. First, it reflects the return to a company’s stock which an equity investor expects to receive from his investment. He makes his decision upon whether he could earn a higher rate of return in an alternative investment of equivalent risk. Second, a company must earn the cost of capital (both debt and equi...