Private company valuation: how credit risk reshaped equity markets and corporate finance valuation tools
Auteur :
Oricchio, G.
Éditeur :
Palgrave Macmillan
ISBN :
9781349332014
Date de publication :
1 janv. 2012
Dimensions :
23,5 x 15,5 cm
Langue :
Anglais
Pays d'origine :
Grande Bretagne
The recent crisis in financial markets has seen a gradual erosion of risk-free asset classes. In equity markets the credit risk has reached a critical level in valuation. Here a new cost of equity method for private companies is presented based on the pricing of junior subordinated notes. Global business cases are illustrated to support this.