| 书目名称 | Ratings |
| 副标题 | Critical Analysis an |
| 编辑 | Peter Brusov,Tatiana Filatova,Natali Orekhova |
| 视频video | |
| 概述 | Provides an overview of recent developments in ratings methodology.Analyses the methodological and systemic shortcomings of the current credit ratings of non-financial issuers.Describes the advantages |
| 丛书名称 | Contributions to Finance and Accounting |
| 图书封面 |  |
| 描述 | .This book presents new methodologies for rating non-financial issuers and project ratings based on the BFO (Brusov-Filatova-Orekhova) theory of capital cost and structure, and its perpetuity limit (Modigliani-Miller theory), as well as modern investment models created by the authors...It first provides a critical analysis of the methodological and systemic shortcomings of the current credit ratings of non-financial issuers and project ratings. In order to increase the objectivity and accuracy of rating assessments, it then modifies the BFO theory for companies of arbitrary age as well as and the perpetuity limit (Modigliani-Miller theory) for rating needs. The authors also incorporate the financial indicators used in the rating methodology into both the BFO theory and the Modigliani-Miller theory. Within the framework of the modified BFO theory for rating needs, they then present a detailed study of the dependence of the weighted average cost of capital of WACC, used asthe discount rate for discounting financial flows, on the financial ratios used in the rating, on the age of the company, on the leverage level and on the level of taxation for a wide range of values of equity cost |
| 出版日期 | Book 2021 |
| 关键词 | Ratings; Methodology; Quantitative; Qualitative; Capital Markets |
| 版次 | 1 |
| doi | https://doi.org/10.1007/978-3-030-56243-4 |
| isbn_softcover | 978-3-030-56245-8 |
| isbn_ebook | 978-3-030-56243-4Series ISSN 2730-6038 Series E-ISSN 2730-6046 |
| issn_series | 2730-6038 |
| copyright | The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl |
发表于 2025-3-21 20:00:07
