Beta and the Cost of Equity - December 2021 Webinar

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Beta is a measure of a stock’s market risk and is used by both investors seeking an indication of an issue’s volatility relative to the overall stock market and by valuators ascertaining the Cost of Equity. While Betas tend to vary across companies and industries, in this webinar, we will focus primarily on the distinctions between Asset and Equity Betas. Afterwards, we will conclude with a brief demonstration on how Betas are calculated with Excel and used in determining the Cost of Equity under various models.

The files mentioned by the presenter are now available for download from the Handouts tab above.

Dr. Joel M. DiCicco,

CPA, ICVS-A, BCA, PFS, CFF, CGMA

Dr. Joel DiCicco is a CPA with over 35 years of practitioner experience in finance, taxation, and accounting. For approximately 20 years, Joel worked for the IRS with increasingly responsible jobs leading up to his position as Territory Manager for Financial Products. In this role, he worked and supervised the most complex and sophisticated tax structuring and valuation issues. He also served on details as Territory Manager for both Global High Wealth and Large Business Employment Taxes. Dr. DiCicco has been a faculty member at Florida Atlantic University for more than 15 years and is now a full-time senior instructor for the Graduate Executive programs. Joel serves on both the Florida Institute of CPA’s Editorial Committee for CPA Today and the Accounting Principles and Auditing Standards Committee. In addition to his PhD from Florida Atlantic University in Public Administration focusing on budgeting and finance, Joel has both a MS in Taxation from Florida International University and an MBA in Finance from Manhattan College. He is also credentialed in valuation, forensics, and management accounting.