discount rates, distressed industries, capital costs
This study addresses the procedure for determining discount rates for properties in industries under stress. A simple example with fixed and variable costs, which could represent a company in any of these industries, is used to demonstrate the difficulties of using standard approaches for estimating cost of capital.
Original Publication Citation
H.B. Heaton. "Determining Discount Rates for Valuing Properties in Distressed Industries," Journal of Property Tax Assessment and Administration, Volume 3, #2 (Fall 26), pp53-6.
BYU ScholarsArchive Citation
Heaton, Hal B., "Determining Discount Rates for Valuing Properties in Distressed Industries" (2006). All Faculty Publications. 988.
University of Ulster
Marriott School of Management
© 2006 University of Ulster.
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