Management accounting & control
Het bepalen van de cost of capital
Scheepers MFE, drs. K.W.M. | Urff CMA CFM, ir. E.
Checklisten Financieel Management, 2002
Een fundamenteel inzicht uit de financieringstheorie is dat het gebruik van kapitaal een opportunity cost voor de investeerder met zich meebrengt. Het kapitaal had namelijk ook in het op een na beste alternatief met een gelijkwaardige risicograad kunnen worden geïnvesteerd. Omdat investeerders beschikken over vele investeringsalternatieven in de financiële markt, moet de aanwending van kapitaal door een onderneming worden afgezet tegen het verwachte rendement op gelijkwaardige investeringsalternatieven: de cost of capital. De cost of capital speelt derhalve een centrale rol in de besluitvorming van ondernemingen; zij is de afkapgrens bij investeringsbeslissingen. Een investeringsproject creëert waarde (heeft een positieve netto contante waarde) indien het verwachte economisch rendement lager is dan de cost op capital.
Deze auteur publiceerde ook
Manen RA, J. van | Urff CMA CFM, ir. E. | Verkleij, drs. R.H.M. | 2002
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Management accounting &am...
Knop, drs. N.G. | Urff CMA CFM, ir. E. | 2004
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Management accounting &am...
Knop, drs. N.G. | Urff CMA CFM, ir. E. | 2003
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Management accounting &am...
Urff CMA CFM, ir. E. | Verkleij, drs. R.H.M. | 2000
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Management accounting &am...
Janssen RA, J.P.M. | Urff CMA CFM, ir. E. | 2000
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Management accounting &am...
Urff CMA CFM, ir. E. | 2002
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Management accounting &am...
Urff CMA CFM, ir. E. | 2002
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Management accounting &am...
Steenvoorden, drs. P.M. | Urff CMA CFM, ir. E. | 1998
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Management accounting &am...
Urff CMA CFM, ir. E. | 2002
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Management accounting &am...
Steenvoorden, drs. P.M. | Urff CMA CFM, ir. E. | 2004
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Management accounting &am...
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