KPMG has published the “Cost of Capital Study 2022: Inflation at record levels – what does this mean for company valuations?”.
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Organization
CFA Institute Research Foundation Briefs: ESG Investment Outcomes, Performance Evaluation, and Attribution
by Stephen M. Horan, PhD, CAIA, CFA, CIPM; Elroy Dimson FSIP, PhD; Clive Emery; Kenneth A Blay; Glen Yelton; Ankit Agarwal, CFA
This research paper proposes a performance evaluation and attribution framework for ESG investment strategies. For more information click here.
Austrian KFS/BW 1: Valuation of Businesses (Convenience translation from German into English)
Buying Performance? The Impact of Multiple Arbitrage in B&B Strategies
The study by Heisig, Kick and Schwetzler is based on a sample of 161 buy & build acquisitions with valuation details on related add-on acquisitions. The research breaks down EBITDA growth as a value driver into three components: Organic, Inorganic and “Sourcing”.
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The Relationship between Enterprise Risk Management and Cost of Capital
The article by M.K. Shad et. al. published in the Asian Academy of Management Journal (AAMJ) investigates the effect of enterprise risk management (ERM) implementation on the cost of capital (cost of debt, cost of equity, and weighted average cost of capital for the oil and gas industry. The research is conducted using panel data analysis from 2008-2017 for 41 oil and gas companies publicly listed on the Bursa Malaysia.
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