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Estimating SMEs Cost of Equity Using a Value at Risk Approach


Estimating SMEs Cost of Equity Using a Value at Risk Approach

The Capital at Risk Model

von: F. Beltrame, R. Cappelletto, G. Toniolo

53,49 €

Verlag: Palgrave Macmillan
Format: PDF
Veröffentl.: 10.06.2014
ISBN/EAN: 9781137389305
Sprache: englisch
Anzahl Seiten: 232

Dieses eBook enthält ein Wasserzeichen.

Beschreibungen

As well as reviewing traditional models, this book proposes an alternative model for estimating the cost of risk capital. This model, known as CaRM (Capital at Risk Model), bases the cost estimate of risk capital on VaR (Value at Risk) for the very first time. This book is an ideal resource for developing valuation research in SMEs.
1. The Financial Structure of Small and Medium Firms and the Impact on the Cost of Capital 2. Valuation of Small and Medium Enterprises 3. The Capital at Risk Model 4. Application of the Capital at Risk Model to Small and Medium Enterprises 5. The Capital at Risk Model Applied to the Firms Alpha, Beta and Gamma
Federico Beltrame is a Lecturer in Banking and Finance at the University of Udine, Italy. He graduated in Economics from the University of Udine and received a PhD in Business Science from the same university. His main research interests are related to SMEs cost of capital and mutual guarantee credit institutions.<BR><BR>Roberto Cappelletto is a Full Professor in Corporate Finance at the University of Udine, Italy. He has also taught at Ca' Foscari University (Venice) and Bocconi University (Milan). His main research interests are related to financial analysis and rating systems.<BR><BR>Gabriele Toniolo holds as PhD in Corporate Finance from the University of Trieste and is a financial and business advisor. He graduated in Economics from Ca' Foscari University (Venice). His main research interests are related to SMEs cost of capital, credit risk and rating systems.<BR><BR>

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