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Estimating SMEs Cost of Equity Using a Value at Risk Approach

The Capital at Risk Model

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

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  • ISBN 978-1-137-38930-5
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Softcover $90.00
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  • ISBN 978-1-349-48234-4
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About this book

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 authors

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.

Table of contents (6 chapters)

  • Introduction

    Beltrame, Federico (et al.)

    Pages 1-5

  • The Financial Structure of Small and Medium Firms and the Impact on the Cost of Capital

    Beltrame, Federico (et al.)

    Pages 6-30

  • Valuation of Small and Medium Enterprises: Critical Aspects of Method and Evaluation of Credit Risk

    Beltrame, Federico (et al.)

    Pages 31-58

  • The Capital at Risk Model: Theoretical Aspects

    Beltrame, Federico (et al.)

    Pages 59-84

  • Application of the Capital at Risk Model to Small and Medium Enterprises

    Beltrame, Federico (et al.)

    Pages 85-104

Buy this book

eBook $74.99
price for USA
  • The eBook version of this title will be available soon
  • ISBN 978-1-137-38930-5
  • Digitally watermarked, DRM-free
  • Included format:
  • ebooks can be used on all reading devices
  • Download immediately after purchase
Hardcover $95.00
price for USA
  • ISBN 978-1-137-38929-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $90.00
price for USA
  • ISBN 978-1-349-48234-4
  • Free shipping for individuals worldwide
  • This title is currently reprinting. You can pre-order your copy now.

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Bibliographic Information

Bibliographic Information
Book Title
Estimating SMEs Cost of Equity Using a Value at Risk Approach
Book Subtitle
The Capital at Risk Model
Authors
Copyright
2014
Publisher
Palgrave Macmillan UK
Copyright Holder
Palgrave Macmillan, a division of Macmillan Publishers Limited
eBook ISBN
978-1-137-38930-5
DOI
10.1057/9781137389305
Hardcover ISBN
978-1-137-38929-9
Softcover ISBN
978-1-349-48234-4
Edition Number
1
Number of Pages
XVI, 210
Topics