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Homeen-gbCosts of capital under credit riskIn cost-of-capital computations, credit risk is only taken into consideration at the level of the debt beta approach. We show that applications of the debt beta approach in company valuation suffer from unrealistic assumptions about the market index and the cost of debt.
https://www.risk.net/journal-of-credit-risk/7241636/costs-of-capital-under-credit-risk
https://www.risk.net/journal-of-credit-risk/7241636/costs-of-capital-under-credit-risk
Sun, 08 Dec 2019 11:39:53 +0000