Publisher's Synopsis
The New Standard Source of International Cost of Capital Analysis
The "2015 International Valuation Handbook - Guide to Cost of Capital" provides data and methodology guidance that will enable the reader to assess risk and develop cost of capital estimates on a global scale, coupled with data exhibits that provide country-level country risk premia (CRPs), Relative Volatility (RV) factors, and equity risk premia (ERPs). The data exhibits can be used to estimate country-level cost of equity capital globally, for up to 188 countries, from the perspective of investors based in up to 55 different countries.*
The "2015 International Valuation Handbook - Guide to Cost of Capital "is published in June 2015, with data through December 2014 and March 2015. The optional September Semi-annual Update is also available, with data through June 2015 and September 2015. Also Available 2015 Valuation Handbook - Guide to Cost of Capital 2015 Valuation Handbook - Industry Cost of Capital
Key Features Country-level Country Risk Premia (CRPs) for up to 188 countries: The "2015 International Valuation Handbook - Guide to Cost of Capital "provides country-level country risk premia for up to 188 countries globally, from the perspective of investors based in up to 55 different countries. CRPs are estimated using the following models: (i) Country Credit Rating Model, and (ii) Country Yield Spread Model. Relative Volatility (RV) Factors for up to 69 countries: The "2015 International Valuation Handbook - Guide to Cost of Capital "provides country-level relative volatility factors for up to 69 countries from the perspective of investors in the U.S. and Germany. Relative volatility factors are estimated using the Relative Standard Deviation Model. Equity Risk Premia (ERPs) for 18 countries based in USD and "local" currency: The "2015 International Valuation Handbook - Guide to Cost of Capital" provides long-horizon and short-horizon ERP data in USD and "local" currencies. Additional ERP resources include Pablo Fernandez' survey of ERPs for a variety of counties.
*Depending on the estimation model being employed, and data availability. Some models do not include estimates for all countries. The Semi-annual update is (i) optional, and (ii) not sold separately. The Semi-annual Update is delivered in PDF format only.
