Introduction

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

A chapter in Estimating SMEs Cost of Equity Using a Value at Risk Approach, 2014, pp 1-5 from Palgrave Macmillan

Abstract: Abstract Estimating business value is a problem of great complexity, which fascinates academics and professionals due to variables not yet clarified and for its importance in the decisions that the financial community makes constantly, as investment plans begin with a comparison between cost and value. Only a comparison between costs and benefits allows one to make rational and effective choices, but this implies a profound knowledge of the variables necessary to resolve the problem of capital budgeting. Whereas cost usually represents well-known market data, value is the essence of accurate investigations, projections and analysis, which seek to describe an investment’s ability to generate adequate returns in relation to the degree of risk of the operation.

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-38930-5_1

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DOI: 10.1057/9781137389305_1

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