Kitagawa, Norio; Gotoh, Masatoshi - In: The Japanese Accounting Review 1 (2011) December, pp. 71-104
The purpose of this paper is to estimate an alternative implied cost of capital, as inferred from a valuation model, and to attempt to compare its validity. We compare the following major five models: 1) a model proposed by Gebhardt et al. (2001); 2) a model suggested by Ohlson and...