Cost of Capital and Bursa Malaysia Listed Company
Lim, Ru Po (2005) Cost of Capital and Bursa Malaysia Listed Company. [Dissertation (University of Nottingham only)] (Unpublished)
This study estimates the cost of capital of 226 securities listed in the Bursa Malaysia. The study's sample covers the period from January 1992 to August 2005. The cost of capital using Ordinary Least Squares Regression is first obtained. Next, the cost of capital using the 3 techniques which are the Scholes-Williams, the Dimson and Fowler-Rorke beta estimators for correction for nonsynchronous bias due to thin trading is applied. This study differs from the previous studies as this extends by using the market risk premium to calculate the beta while the previous studies used the market return to estimate the betas.
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