Breuer, Wolfgang; Fuchs, Daniel; Mark, Klaus - In: The European Journal of Finance 20 (2014) 6, pp. 568-594
We test the extent and determinants of bias effects of the arithmetic as well as the geometric mean estimator and the estimator of Cooper [1996. Arithmetic versus geometric mean estimators: Setting discount rates for capital budgeting. <italic>European Financial Management</italic> 2 (July): 157-67] regarding...