title: The Impact of the Covid-19 Pandemic on Changes in the Cost of Capital on the U.S. Market
abstract: Purpose:The authors analyze the impact of extraordinary events, i.e., the Covid-19 pandemic on changes in the investor's cost of capital in the U.S. market.Design/Methodology/Approach: The cost of capital for 25 Fama-French quintile portfolios formed on book value to market value and on capitalization is estimated.The portfolios are formed from stocks listed on the U.S. market.In order to accurately assess the impact of Covid-19 conditions on changes in the cost of capital the confidence interva
journal: EUROPEAN RESEARCH STUDIES JOURNAL