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In finance, the "pure play method" is an approach used to estimate the cost of equity capital of private companies, which involves examining the beta coefficient of other public and single focused companies. [2] See also Hamada's equation . Here, when estimating a private company A's equity beta coefficient, the equity beta coefficient of a ...
Confirmatory factor analysis. In statistics, confirmatory factor analysis ( CFA) is a special form of factor analysis, most commonly used in social science research. [1] It is used to test whether measures of a construct are consistent with a researcher's understanding of the nature of that construct (or factor).
In corporate finance, the pecking order theory (or pecking order model) postulates that the cost of financing increases with asymmetric information . Financing comes from three sources, internal funds, debt and new equity. Companies prioritize their sources of financing, first preferring internal financing, and then debt, lastly raising equity ...
Chartered Financial Analyst. The Chartered Financial Analyst ( CFA) program is a postgraduate professional certification offered internationally by the US-based CFA Institute (formerly the Association for Investment Management and Research, or AIMR) to investment and financial professionals. The program teaches a wide range of subjects relating ...
Performance attribution, or investment performance attribution is a set of techniques that performance analysts use to explain why a portfolio 's performance differed from the benchmark. This difference between the portfolio return and the benchmark return is known as the active return. The active return is the component of a portfolio's ...
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For example, an electronic survey method might influence results for those who might be unfamiliar with an electronic survey interface differently than for those who might be familiar. If measures are affected by CMV or common-method bias, the intercorrelations among them can be inflated or deflated depending upon several factors.
Adjusted present value (APV) is a valuation method introduced in 1974 by Stewart Myers. The idea is to value the project as if it were all equity financed ("unleveraged"), and to then add the present value of the tax shield of debt – and other side effects. Technically, an APV valuation model looks similar to a standard DCF model.