Πως η οικονομική κρίση επηρέασε το Μέσο Σταθμικό Κόστος Κεφαλαίου (WACC) των Ελληνικών Επιχειρήσεων
Γιαννακούρας, Άγγελος - Αθανάσιος
The thesis entitled "How the economic crisis affected the Weighted Average Cost of Capital (WACC) of Greek business sector", relates to research the capital cost of Greek firms before and after the outbreak of the economic crisis. The present thesis is divided into three main themes: the period of the financial and economic crisis in the Greek economy, the general theory of the capital cost and the study which examines how the crisis has affected the basics values of balance sheets and the WACC of business sector in Greece. The first part focuses on the root causes of the financial crisis that has brought the depressesion to Greek economy, the economic adjustment program (Memorandum) and the course of execution. The second part focuses on the factors that affect the capital structure of a company. It also presents the main theories of the capital structure of a firm. The third part presents the initial definition and the methods of calculating the Weighted Average Cost of Capital. Furthermore examines the evolution of WACC about 16 Greek companies of the Large Cap and Mid Cap for the years 2004 to 2012. Finally are presented the conclusions resulting from this study, and essentially the epilogue answers to the basic question of this thesis, whether affected the weighted average cost of capital of Greek business sector from the worst economic crisis in decades.