---
title: Cost of Capital: Cross-Sectional Analysis
url: https://www.ml-quant.com/papers/ssrn/4620204/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4620204
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4620204
featured: 2023-11-02
citations: unknown
topic: Asset Pricing & Factors
---


# Cost of Capital: Cross-Sectional Analysis

Cross-Sectional Analysis: Research spanning 20 years across multiple countries shows that most variations in perceived capital cost are not supported by subsequent returns, questioning the production-based asset pricing model.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4620204
- Identifier: SSRN 4620204
- Released: 2020-12-11
- First featured: Quant Letter No. 24 (2023-11-02): https://www.ml-quant.com/issues/2023-11-02/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Asset Pricing & Factors

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