Calculating the cost of capital

One of the most important recent advances in corporate finance is the use of risk measures in setting discount rates or required rates of return for capital projects. An understanding of this area is of crucial importance to senior managers and corporate planners. This article explains how to calculate required rates of return using the modern approach to the cost of capital.     

Financing the smaller company

This paper examines the relative importance of the different sources and forms of finance required by the smaller company. The author examines the extent of reliance on external and internal funding and the role of the Industrial and Commercial Finance Corporation, as well as the National Research and Development Corporation. The conclusions reached are important in ensuring the continuing health of this vital sector of Britain's economy.