The cost of capital project aims to understand how firms’ perceived cost of capital and corporate discount rates are determined and how they develop over time. Please find data on these metrics below.

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Industry-level data raw averages of discount rates by industry (after absorbing country and year fixed effects and adding the unconditional mean)

Data Visualizations


Perceived cost of debt: firm's internal estimate of its cost of debt

Perceived cost of capital: firm's internal estimate of its weighted average cost of capital

Discount rate: firm's required return on investment