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.
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Product Details
Dimensions: 155 x 235mm
Publication Date: 17 Oct 2012
Publisher: Palgrave Macmillan
Publication City/Country: United Kingdom
Language: English
ISBN13: 9780230291447
About G. Oricchio
Professor Gianluca Oricchio is currently General Manager at Campus Bio-Medico University Hospital and a senior consultant for Moody's Analytics having previously held senior capital and risk management positions at several global financial institutions including UniCredit Group Capitalia SpA and Banca di Roma SpA. Professor Oricchio holds a Ph.D. in International Accounting and has written a number of books on financial markets corporate finance and risk management including Basel III Credit Rating Systems: An Applied Guide to Quantitative and Qualitative Models (Palgrave Macmillan 2011) and Credit Treasury: A Credit Pricing Guide in Liquid and Non-Liquid Markets (Palgrave Macmillan 2011).