Private Company Valuation : How Credit Risk Reshaped Equity Markets and Corporate Finance Valuation Tools (1st ed. 2012)

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.