{"id":"W2585950877","doi":"10.1146/annurev-financial-110716-032429","title":"A Firm's Cost of Capital","year":2017,"lang":"en","type":"article","venue":"Annual Review of Financial Economics","topic":"Financial Reporting and Valuation Research","field":"Business, Management and Accounting","cited_by":0,"is_retracted":false,"has_abstract":true,"ca_institutions":"HEC Montréal","funders":"","keywords":"Cost of capital; Weighted average cost of capital; Marginal cost of capital schedule; Return on capital; Economics; Implicit cost; Cost of equity; Portfolio; Capital (architecture); Cost estimate; Financial capital; Finance; Actuarial science; Financial economics; Business; Microeconomics; Total cost; Capital formation; Profit (economics)","routes":{"ca_aff":true,"ca_fund":false,"ca_venue":false,"about_ca":false,"invisible_to_affiliation_only":false},"retraction":null,"screen":null,"direct_labels":[],"prediction":{"model_version":"metacan-v3-hybrid-931329e0061c","candidate_categories":[],"consensus_categories":[],"category_scores_codex":[0.001779455,0.0006336681,0.0005499749,0.003290725,0.0006200295,0.006577157,0.001307248,0.001348974,0.006547231],"category_scores_gemma":[0.01659365,0.0003174976,0.0006251021,0.005142591,0.00082246,0.00398105,0.0008568725,0.001577689,0.001393458],"about_ca_system_candidate":false,"about_ca_system_consensus":false,"about_ca_system_score_codex":0.006220172,"about_ca_system_score_gemma":0.002436489,"about_ca_topic_candidate":false,"about_ca_topic_consensus":false,"about_ca_topic_score_codex":0.01267969,"about_ca_topic_score_gemma":0.007313734,"domain_scores_codex":[0.9959842,0.0003497248,0.0002564869,0.0004686825,0.002476,0.0004649709],"domain_scores_gemma":[0.9924763,0.002768168,0.002089681,0.000464877,0.00184328,0.0003577764],"domain_codex":null,"domain_gemma":null,"domain_candidate":null,"domain_consensus":null,"study_design_codex":"theoretical_or_conceptual","study_design_gemma":"theoretical_or_conceptual","study_design_scores_codex":[0.00009617279,0.00009362797,0.02892996,0.0008996476,0.0002825922,0.0004893564,0.0003242534,0.04104729,0.0008556212,0.6340615,0.06750923,0.2254107],"study_design_scores_gemma":[0.00003346667,0.0001981565,0.1036245,0.001846495,0.00042458,0.002641168,0.0008539599,0.0359813,0.003404321,0.269302,0.581421,0.0002690625],"study_design_candidate":"theoretical_or_conceptual","study_design_consensus":"theoretical_or_conceptual","genre_codex":"other","genre_gemma":"review","genre_scores_codex":[0.1697031,0.08726007,0.1214432,0.02102871,0.002562922,0.0006959574,0.02137231,0.000695398,0.5752383],"genre_scores_gemma":[0.9041813,0.03707667,0.01294285,0.0007906466,0.001200055,0.0002298047,0.006045675,0.0000881773,0.0374448],"genre_candidate":"review","genre_consensus":null,"teacher_disagreement_score":0.01267969,"threshold_uncertainty_score":0.04513073,"prediction_status":"machine_predicted_unvalidated"},"machine_scores":{"provisional":true,"baseline":true,"maturity_gate_passed":false,"score_opus":0.04101136160347107,"score_gpt":0.3229869929877333,"score_spread":0.2819756313842622,"validation_status":"score_only:v0-immature-baseline","note":"Baseline scores from an immature model (maturity gate not passed). Scores rank; they never assert a category."}}