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.
| ISBN: | 9780230291447 |
| Publication date: | 17th October 2012 |
| Author: | Gianluca Oricchio |
| Publisher: | Palgrave Macmillan an imprint of Palgrave Macmillan UK |
| Format: | Hardback |
| Pagination: | 301 pages |
| Series: | Global Financial Markets |
| Genres: |
Management and management techniques Corporate finance Risk assessment Development economics and emerging economies Accounting Finance and the finance industry |