Session 6: Bottom Up Betas

Podcast: Aswath Damodaran · Aswath Damodaran

Opublikowano: 2026-11-01

In this session, I examine the fundamentals that determine betas, and how using industry averages and correcting for differences in leverage can yield better estimates of betas not only for companies, but their business segments. Slides: https://www.stern.nyu.edu/~adamodar/pdfiles/execcf/session6.pdf (This is a blast from the past, since these are recordings of a corporate finance class that I taught in the Stern Trium MBA program in January 2016. That said, corporate finance first principles don't magically change over time, and while nothing is timeless, the lessons hold up. The class was...