The Cost of Capital in Japan

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ISBN 13 :
Total Pages : 94 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Cost of Capital in Japan by : Jeffrey A. Frankel

Download or read book The Cost of Capital in Japan written by Jeffrey A. Frankel and published by . This book was released on 1991 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper surveys the extensive literature on whether the cost of capital is low in Japan, and related topics.

The Cost of Capital in Japan

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ISBN 13 :
Total Pages : 78 pages
Book Rating : 4.:/5 (314 download)

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Book Synopsis The Cost of Capital in Japan by : Hidenori Hirabatake

Download or read book The Cost of Capital in Japan written by Hidenori Hirabatake and published by . This book was released on 1994 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Cost of Capital in Japan

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ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Cost of Capital in Japan by : Albert Ando

Download or read book The Cost of Capital in Japan written by Albert Ando and published by . This book was released on 1990 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: (1) The small firm - large firm distinction appears to be more significant in Japan, not in the United States

The cost of capital in Japan

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ISBN 13 :
Total Pages : 33 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The cost of capital in Japan by : Albert Ando

Download or read book The cost of capital in Japan written by Albert Ando and published by . This book was released on 1990 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Cost of Capital in the U.S. and Japan

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Total Pages : pages
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Book Synopsis The Cost of Capital in the U.S. and Japan by :

Download or read book The Cost of Capital in the U.S. and Japan written by and published by . This book was released on 1987 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Comparison of the Cost of Capital in the U.S. and Japan

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ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Comparison of the Cost of Capital in the U.S. and Japan by : B. Douglas Bernheim

Download or read book Comparison of the Cost of Capital in the U.S. and Japan written by B. Douglas Bernheim and published by . This book was released on 1992 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Cost of Capital in the U.S. and Japan

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ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Cost of Capital in the U.S. and Japan by : Albert Ando

Download or read book The Cost of Capital in the U.S. and Japan written by Albert Ando and published by . This book was released on 1987 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses financial statement data for large samples of U.S. and Japanese nonfinancial corporations to estimate the return to capital in each country for the period 1967-83. Interpreting these as measures of the cost of capital, we find that the before-tax cost of corporate capital was higher for U.S. firms than for their Japanese counterparts, with the average gap potentially as high as 5.8 percentage points. The use of alternative measurement techniques alters the gap slightly but does not alter the basic finding. However, market returns in the two countries were much closer during the same period. Certain potential explanations for the gap in returns are rejected by empirical evidence, including differences in corporate taxation, differences in borrowing and differences in asset mix. This leaves three potential explanations: differences in risk, differences in the tax treatment of individual capital income and imperfections in the international flow of capital.

The Evolving Japanese Financial System, and the Cost of Capital

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ISBN 13 :
Total Pages : 128 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Evolving Japanese Financial System, and the Cost of Capital by : Jeffrey A. Frankel

Download or read book The Evolving Japanese Financial System, and the Cost of Capital written by Jeffrey A. Frankel and published by . This book was released on 1992 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Corporate Cost of Capital in Japan and the United States

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ISBN 13 :
Total Pages : 29 pages
Book Rating : 4.:/5 (113 download)

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Book Synopsis The Corporate Cost of Capital in Japan and the United States by : Albert Ando

Download or read book The Corporate Cost of Capital in Japan and the United States written by Albert Ando and published by . This book was released on 1989 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Cost of Capital in the United States and Japan

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (294 download)

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Book Synopsis The Cost of Capital in the United States and Japan by : George N. Hatsopoulos

Download or read book The Cost of Capital in the United States and Japan written by George N. Hatsopoulos and published by . This book was released on 1987 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Cost of Capital in the United States and Japan

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ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Cost of Capital in the United States and Japan by : John H. Nachbar

Download or read book The Cost of Capital in the United States and Japan written by John H. Nachbar and published by . This book was released on 1990 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Cost of Capital and Capital Structure

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ISBN 13 :
Total Pages : 14 pages
Book Rating : 4.:/5 (37 download)

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Book Synopsis Cost of Capital and Capital Structure by : H. Mizuno

Download or read book Cost of Capital and Capital Structure written by H. Mizuno and published by . This book was released on 1988 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Corporate Cost of Capital in Japan and the U.S.

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ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (139 download)

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Book Synopsis The Corporate Cost of Capital in Japan and the U.S. by : Albert Ando

Download or read book The Corporate Cost of Capital in Japan and the U.S. written by Albert Ando and published by . This book was released on 1985 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Cost of Capital to Corporations in Japan and the U.S.A.

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ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (187 download)

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Book Synopsis The Cost of Capital to Corporations in Japan and the U.S.A. by : Irwin Friend

Download or read book The Cost of Capital to Corporations in Japan and the U.S.A. written by Irwin Friend and published by . This book was released on 1986 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Corporate Cost of Capital in Japan and the U.S

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ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Corporate Cost of Capital in Japan and the U.S by : Albert Ando

Download or read book The Corporate Cost of Capital in Japan and the U.S written by Albert Ando and published by . This book was released on 2008 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents evidence about the coats of corporate capital in Japan and the US, for a sample of large companies, and evaluates a variety of hypotheses about why the cost might be lower in Japan.We find that the before-tax return to capital in Japan appears slightly lower than in the U.S. when corrected book measures of earnings are used, but that this result would be reversed if market returns to Japanese equity were used in place of corrected earningsto measure the cost of equity.To what ever extent the cost of capital may actually be lower in Japan, we show that this is unlikely to be due either to a lower overall corporate tax burden or the particular tax advantages of corporate borrowing.

The Cost of Capital in Canada, the U.S. and Japan

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ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (789 download)

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Book Synopsis The Cost of Capital in Canada, the U.S. and Japan by : John B. Shoven

Download or read book The Cost of Capital in Canada, the U.S. and Japan written by John B. Shoven and published by . This book was released on 1991 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Cost of Capital in the U.S. And Japan

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ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Cost of Capital in the U.S. And Japan by : Albert Ando

Download or read book The Cost of Capital in the U.S. And Japan written by Albert Ando and published by . This book was released on 2008 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses financial statement data for large samples of U.S. and Japanese nonfinancial corporations to estimate the return to capital in each country for the period 1967-83. Interpreting these as measures of the cost of capital, we find that the before-tax cost of corporate capital was higher for U.S. firms than for their Japanese counterparts, with the average gap potentially as high as 5.8 percentage points. The use of alternative measurement techniques alters the gap slightly but does not alter the basic finding. However, market returns in the two countries were much closer during the same period. Certain potential explanations for the gap in returns are rejected by empirical evidence, including differences in corporate taxation, differences in borrowing and differences in asset mix. This leaves three potential explanations: differences in risk, differences in the tax treatment of individual capital income and imperfections in the international flow of capital.