Private Company Valuation - How Credit Risk Reshaped Equity Markets and Corporate Finance Valuation Tools (Hardcover)

The recent crisis in financial markets has seen a gradual erosion of the boundaries of asset classes previously regarded as risk-free. We have gone from a world mostly free of default risk to one where credit risk is largely reflected in equity prices. Traditional valuation methods now need to be integrated to take into account a scenario in which expectations of growth are considerably reduced, and credit risk is increased to levels previously unheard of. But as the majority of private companies are sub-investment grade, Valuing Private Companies: How Credit Risk Reshaped Equity Markets and Corporate Finance Valuation Tools sets out an innovative new method for estimating private companies' cost of equity based on a Fixed Income Approach (FIA). In addition to the book's theoretical insights, illustrating in great detail the relationship between default risk and equity risk premium, readers will benefit from the practical experience the author has accumulated as a risk manager within major banking groups such as UniCredit Group, Capitalia SpA, and Banca di Roma SpA.

General

Imprint:	Palgrave Macmillan
Country of origin:	United Kingdom
Series:	Global Financial Markets
Release date:	November 2012
First published:	2012
Authors:	G. Oricchio
Dimensions:	240 x 162 x 24mm (L x W x T)
Format:	Hardcover
Pages:	301
ISBN-13:	978-0-230-29144-7
Categories:	Books > Business & Economics > Finance & accounting > Finance > Corporate finance Books > Business & Economics > Business & management > Ownership & organization of enterprises > General Books > Money & Finance > Corporate finance
LSN:	0-230-29144-9
Barcode:	9780230291447

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