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Hmiden, O. B., Rjiba, H., & Saadi, S. (2022). Competition through Environmental CSR Engagement and Cost of Equity Capital. Finance Research Letters, 47, Article ID: 102773.
https://doi.org/10.1016/j.frl.2022.102773

has been cited by the following article:

• TITLE: Cost of Capital for Private Firms

  AUTHORS: Federico Beltrame, Luca Grassetti, Gianni Zorzi

  KEYWORDS: Size Premium, Cost of Capital, Default Risk, Private Firms

  JOURNAL NAME: Theoretical Economics Letters, Vol.13 No.3, June 30, 2023

  ABSTRACT: This paper elaborates on a new default-based cost of capital estimation for private-held firms. We test the model’s ability to incorporate systematic risk and size premium. Results highlight a positive and statistically significant effect of CAPM expected return and size premiums on this novel cost of capital measure. Beyond the utility in practice for private equity valuation, preliminary results are promising for application on a larger cross-country sample.