Search results with tag "And default"

COST OF CAPITAL, HURDLE RATE, AND DEFAULT RISK: A …

COST OF CAPITAL, HURDLE RATE, AND DEFAULT RISK: A ROBUST MODEL OF INTERNAL CAPITAL MARKETS Abstract.I formulate a multi-division firm model endogenously connecting the firm’s cost of capital to the hurdle rate for project selection, through the default probability of the firm.

  Capital, Cost, Rates, Default, Cost of capital, Hurdles, Hurdle rate, And default