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Estimating SMEs Cost of Equity Using a Value at Risk Approach

The Capital at Risk Model

  • Federico Beltrame
  • Roberto Cappelletto
  • Gabriele Toniolo

Table of contents

  1. Front Matter
    Pages i-xvi
  2. Federico Beltrame, Roberto Cappelletto, Gabriele Toniolo
    Pages 1-5
  3. Federico Beltrame, Roberto Cappelletto, Gabriele Toniolo
    Pages 6-30
  4. Federico Beltrame, Roberto Cappelletto, Gabriele Toniolo
    Pages 31-58
  5. Federico Beltrame, Roberto Cappelletto, Gabriele Toniolo
    Pages 59-84
  6. Federico Beltrame, Roberto Cappelletto, Gabriele Toniolo
    Pages 85-104
  7. Federico Beltrame, Roberto Cappelletto, Gabriele Toniolo
    Pages 105-166
  8. Back Matter
    Pages 167-210

About this book

Introduction

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.

Keywords

capital research risk capital science and technology valuation value at risk

Authors and affiliations

  • Federico Beltrame
    • 1
  • Roberto Cappelletto
    • 1
  • Gabriele Toniolo
    • 2
  1. 1.University of UdineItaly
  2. 2.VeniceItaly

Bibliographic information