Remove Alpha Remove Start-ups Remove Unlevered Beta
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ESG Valuation Considerations – Top Down or Bottom Up?

Value Scope

Click to Download: ESG Valuation Considerations – Top Down or Bottom Up? This work can be used to reconcile and support an adjustment to the CAPM, then the WACC, via Alpha and Beta. It started sometime last year, during the fourth quarter. The re-levered Beta for the private company we were valuing was 0.56.

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ESG A Valuation Framework

Value Scope

It started sometime last year, during the fourth quarter. As companies continue to legitimately integrate ESG into business strategy, the ability to achieve “alpha,” which is an excess return or performance above a codified index or peer group, might become more difficult to do. Using Alpha, however, it could be done.