Estimating Smes Cost of Equity Using a Value at Risk Approach: The Capital at Risk Model

Beltrame, Federico/ Cappelletto, Roberto/ Toniolo, Gabriele

ISBN 10: 113738929X / ISBN 13: 9781137389299

Published by Palgrave Macmillan, 2014

About this Item

208 pages. 8.75x5.75x0.75 inches. In Stock.

Seller Inventory # x-113738929X

Bibliographic Details

• Title: Estimating Smes Cost of Equity Using a Value at Risk Approach: The Capital at Risk Model
• Publisher: Palgrave Macmillan
• Publication Date: 2014
• Language: English
• ISBN 10: 113738929X
• ISBN 13: 9781137389299
• Binding: Hardcover
• Condition: Brand New
• Weight: 0.45 kilograms

About this title

Synopsis

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.

About the Author

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.

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.

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.