Betas Used by Companies and Professors in Europe: A Survey
We report 1,466 answers from European managers and professors. 1,143 respondents use required return and 824 use betas to calculate it.
44.4% of the managers and 8% of the professors do not use beta to justify the required return. Only 2% of the professors and 15% of the managers justify the beta using exclusively personal judgement (named qualitative, common sense, intuitive, and logical magnitude betas by different persons).
The paper includes interesting comments from 235 respondents.
Note: Downloadable document is in Spanish.
Автор: Pablo Fernandez, Vicente J. Bermejo
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