期刊名称：Federal Reserve Bank of New York - Quarterly Review
印刷版ISSN：0147-6580
出版年度：1991
卷号：16
期号：3
出版社：Federal Reserve Bank of New York
摘要：The authors use stock market valuations to construct estimates of the cost of capital for five U.S. and four Japanese securities firms in 1982-91. They seek explanations for the observed capital cost differences in macroeconomic, risk, policy, and industrial organization factors. Their analysis also contrasts the gap in capital costs between U.S. and Japanese securities firms with the corresponding gap for industrial firms and banks
