English, Article, Journal or magazine article edition: Cost of equity of Internet stocks: A downside risk approach, The Estrada, Javier

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Bookmark: http://trove.nla.gov.au/version/170889
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Cost of equity of Internet stocks: A downside risk approach, The
Author
  • Estrada, Javier
Physical Description
  • preprint
Notes
  • Beta as a measure of risk has been under fire for many years. Although practitioners still widely use the CAPM to estimate the cost of equity of companies, they are aware of its problems and are looking for alternatives. One possible alternative is to estimate the cost of equity based on the semideviation, a well-known and intuitively plausible measure of downside risk. Complementing evidence reported elsewhere about the ability of the semideviation to explain the cross-section of returns in emerging markets and that of industries in emerging markets, this article reports results showing that the semideviation also explains the cross-section of Internet stock returns.
  • downside risk; semideviation; asset pricing;
  • RePEc:ebg:iesewp:d-0491
Language
  • English
Contributed by
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