Browsing Investigación by Subject "WACC"
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The weighted average cost of capital over the lifecycle of the firm: is the overinvestment problem of mature firms intensified by a higher WACC? (Universidad EAFIT; Escuela de Economía y Finanzas, 2016-01-18)Firm lifecycle theory predicts that the Weighted Average Cost of Capital (WACC) will tend to fall over the lifecycle of the firm (Mueller, 2003, p. 80-81). However, given that previous research finds that corporate governance ...