Dublin Airport Authority’s cost of capital : report to the Commission for Aviation Regulation

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dc.contributor.author Hutson, Elaine
dc.contributor.author Kearney, Colm
dc.date.accessioned 2010-05-14T13:57:34Z
dc.date.available 2010-05-14T13:57:34Z
dc.date.copyright 2005, Commission for Aviation Regulation en
dc.date.issued 2005-05
dc.identifier.uri http://hdl.handle.net/10197/1970
dc.description.abstract This Report estimates the cost of capital for the recently formed Dublin Airport Authority (DAA). To implement the weighted average cost of capital (WACC) approach to estimating DAA's cost of capital, it is necessary to estimate DAA's cost of equity, cost of debt and gearing ratio. The cost of equity is discussed in Section 2 of this Report, the cost of debt is discussed in Section 3, DAA's gearing is discussed in Section 4, and Section 5 brings these together in the WACC calculations to derive the estimate of DAA's cost of capital. Section 6 examines the sensitivity of the WACC estimate to changes in debt levels as a result of possible increases in capital expenditure, and to changes in business risk as reflected in higher asset betas en
dc.description.sponsorship Not applicable en
dc.format.extent 4304 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher Commission for Aviation Regulation en
dc.subject.lcsh Capital costs en
dc.subject.lcsh Airports--Ireland--Cost of operation en
dc.subject.lcsh Dublin Airport Authority plc en
dc.title Dublin Airport Authority’s cost of capital : report to the Commission for Aviation Regulation en
dc.type Technical Report en
dc.internal.availability Full text not available en
dc.internal.webversions Author's version en
dc.internal.webversions http://www.elainehutson.ie/DACOC-050503.pdf en
dc.status Not peer reviewed en
dc.neeo.contributor Hutson|Elaine|aut|UCD0044 en
dc.neeo.contributor Kearney|Colm|aut| en

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