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

Federico Beltrame, Roberto Cappelletto and Gabriele Toniolo
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Federico Beltrame: University of Udine
Roberto Cappelletto: University of Udine

Chapter 2 in Estimating SMEs Cost of Equity Using a Value at Risk Approach, 2014, pp 31-58 from Palgrave Macmillan

Abstract: Abstract The phenomenon of creation of business value by a firm must be rational and widely accepted, based on the professionalism and imagination of entrepreneurs and management as well as an ability to measure (Guatri and Bini, 2005). On a strictly technical level, the ability to measure the value of firm is a complex and delicate exercise. To simplify, we can define three ways in which value can be adjusted and expressed: assets, income and initiative risk.

Keywords: Risk Premium; Credit Risk; Systematic Risk; Default Risk; Equity Capital (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-38930-5_3

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DOI: 10.1057/9781137389305_3

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