Machine generated contents note: About the Authors Acknowledgments Preface Part I: The Economic and Legal Framework of Corporate Restructuring and Bankruptcy Chapter 1: Corporate Financial Distress: Introduction and Statistical Background Chapter 2: An Introduction to Leveraged Finance Chapter...

This paper elaborates a new default-based cost of capital estimation for private-held firms. We test the model ability to incorporate both systematic risk and size premium. Results highlight a positive and statistically significant effect of CAPM expected return and size premiums on this novel...