Cardile, Paola Rosaria (A.A. 2021/2022) How the credit risk profile of a corporate affects its valuation: an empirical analysis of the impacts on terminal value methodology for investment grade vs high yield companies. Tesi di Laurea in Equity markets and alternative investments, Luiss Guido Carli, relatore Marco Morelli, pp. 83. [Master's Degree Thesis]

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Abstract/Index

High yield debt capital market. Market overview. Bonds main components. High yield market range of products. Pricing high yield bonds. A brief analysis of credit risk main components. Credit ratings. The evaluation of companies: the application of CAPM. A brief introduction of the sample and methodology. The CAPM. The cost of equity calculation for the panel. Terminal value or expected corporate life: the analysis of a sample through the dividend discount model. The company’s evaluation through the dividend discount model. The concept of expected corporate life: the term structure of the probability of default. The computation of the dividend discount model of the panel.

References

Bibliografia: pp. 66-67.

Thesis Type:	Master's Degree Thesis
Institution:	Luiss Guido Carli
Degree Program:	Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77)
Chair:	Equity markets and alternative investments
Thesis Supervisor:	Morelli, Marco
Thesis Co-Supervisor:	Borri, Nicola
Academic Year:	2021/2022
Session:	Extraordinary
Deposited by:	Alessandro Perfetti
Date Deposited:	14 Sep 2023 15:07
Last Modified:	14 Sep 2023 15:07
URI:	https://tesi.luiss.it/id/eprint/36481

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