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Toward a resolution of the cost of equity conundrum in the lodging industry: a conceptual framework
The firm value estimate is derived from accounting and finance practices that focus on physical assets as opposed to intangible assets (Arthur Andersen Hospitality Leisure Executive Rep. 5 (1998) 2). The cost of equity estimation models used in firm valuation and capital investment decisions fall sh...
Autores principales: | , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Elsevier Ltd.
2005
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7117031/ https://www.ncbi.nlm.nih.gov/pubmed/32287847 http://dx.doi.org/10.1016/j.ijhm.2004.10.007 |
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author | Madanoglu, Melih Olsen, Michael D. |
author_facet | Madanoglu, Melih Olsen, Michael D. |
author_sort | Madanoglu, Melih |
collection | PubMed |
description | The firm value estimate is derived from accounting and finance practices that focus on physical assets as opposed to intangible assets (Arthur Andersen Hospitality Leisure Executive Rep. 5 (1998) 2). The cost of equity estimation models used in firm valuation and capital investment decisions fall short of tapping important constructs to firm value, especially the intangible ones. The purpose of this study is to assess the present cost of equity capital determination models and provide a view of their relevancy for the lodging industry while simultaneously attempting to propose new options to meet the valuation and capital budgeting needs of the lodging industry. |
format | Online Article Text |
id | pubmed-7117031 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2005 |
publisher | Elsevier Ltd. |
record_format | MEDLINE/PubMed |
spelling | pubmed-71170312020-04-02 Toward a resolution of the cost of equity conundrum in the lodging industry: a conceptual framework Madanoglu, Melih Olsen, Michael D. Int J Hosp Manag Article The firm value estimate is derived from accounting and finance practices that focus on physical assets as opposed to intangible assets (Arthur Andersen Hospitality Leisure Executive Rep. 5 (1998) 2). The cost of equity estimation models used in firm valuation and capital investment decisions fall short of tapping important constructs to firm value, especially the intangible ones. The purpose of this study is to assess the present cost of equity capital determination models and provide a view of their relevancy for the lodging industry while simultaneously attempting to propose new options to meet the valuation and capital budgeting needs of the lodging industry. Elsevier Ltd. 2005-12 2004-12-22 /pmc/articles/PMC7117031/ /pubmed/32287847 http://dx.doi.org/10.1016/j.ijhm.2004.10.007 Text en Copyright © 2004 Elsevier Ltd. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active. |
spellingShingle | Article Madanoglu, Melih Olsen, Michael D. Toward a resolution of the cost of equity conundrum in the lodging industry: a conceptual framework |
title | Toward a resolution of the cost of equity conundrum in the lodging industry: a conceptual framework |
title_full | Toward a resolution of the cost of equity conundrum in the lodging industry: a conceptual framework |
title_fullStr | Toward a resolution of the cost of equity conundrum in the lodging industry: a conceptual framework |
title_full_unstemmed | Toward a resolution of the cost of equity conundrum in the lodging industry: a conceptual framework |
title_short | Toward a resolution of the cost of equity conundrum in the lodging industry: a conceptual framework |
title_sort | toward a resolution of the cost of equity conundrum in the lodging industry: a conceptual framework |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7117031/ https://www.ncbi.nlm.nih.gov/pubmed/32287847 http://dx.doi.org/10.1016/j.ijhm.2004.10.007 |
work_keys_str_mv | AT madanoglumelih towardaresolutionofthecostofequityconundruminthelodgingindustryaconceptualframework AT olsenmichaeld towardaresolutionofthecostofequityconundruminthelodgingindustryaconceptualframework |