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An Index-Based Model for Determining the Investment Benchmark of Renewable Energy Projects in South Africa

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  • John Fay
  • Umesh Kumar

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  • John Fay & Umesh Kumar, 2013. "An Index-Based Model for Determining the Investment Benchmark of Renewable Energy Projects in South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 81(3), pages 416-426, September.
  • Handle: RePEc:bla:sajeco:v:81:y:2013:i:3:p:416-426
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    File URL: http://hdl.handle.net/10.1111/saje.12003
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    5. William F. Sharpe, 1964. "Capital Asset Prices: A Theory Of Market Equilibrium Under Conditions Of Risk," Journal of Finance, American Finance Association, vol. 19(3), pages 425-442, September.
    6. Fama, Eugene F. & French, Kenneth R., 1997. "Industry costs of equity," Journal of Financial Economics, Elsevier, vol. 43(2), pages 153-193, February.
    7. Paul D. Kaplan & James D. Peterson, 1998. "Full-Information Industry Betas," Financial Management, Financial Management Association, vol. 27(2), Summer.
    8. William R. Gebhardt & Charles M. C. Lee & Bhaskaran Swaminathan, 2001. "Toward an Implied Cost of Capital," Journal of Accounting Research, Wiley Blackwell, vol. 39(1), pages 135-176, June.
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