Research Article

Cost of Capital Estimation for Highway Concessionaires in Chile

Table 2

Levered Betas of equity for representative companies ().

Representative companyLevered Beta ()-test

Transurban Group0.362.67
Beijing Capital Co., Ltd.1.282.30
Chongqing Road & Bridge Co., Ltd.0.803.91
Dongguan Development (Holdings) Co., Ltd1.026.59
Fujian Expressway Development Co., Ltd.0.808.20
Guangxi Wuzhou Communications Co Ltd0.854.00
Henan Zhongyuan Expressway Co Ltd0.9511.22
Huabei Expressway Co., Ltd.0.674.22
Jiangsu Expressway Co Ltd0.706.63
Jiangxi Ganyue Expressway Co., Ltd0.9212.55
Xiandai Investment Co., Ltd0.664.21
Shenzhen Expressway Company Limited1.069.29
Sichuan Expressway Co Ltd1.2911.46
Hopewell Highway Infrastructure Ltd0.353.25
Road King Infrastructure Limited0.786.26
Zhejiang Expressway Co., Ltd.0.574.15
Autrostrada Torino-Milano SPA1.045.46
Societa Iniziative Autostradali e Servizi0.725.12
Autostrade Meridionali S.p.A.0.573.87
Abertis Infraestructuras S.A.0.809.76
Obrascon Huarte Lain SA1.077.66
Sacyr SA1.666.37

Source: elaborated by the authors.