Independent
Shareholder value, cost of equity, systematic risk, debt leverage, cost of leverage, cost of default, tax shield, credit risk, default risk, credit spread, default spread, default premium, APV, adjusted present value, reduced form model, levered beta
Cost of equity, credit risk, default risk, credit spread, default spread, default premium, systematic risk, cost of leverage, cost of default, APV, reduced form model, debt beta, CAPM, Spread AAA, implied cost of capital, ex-ante equity risk premium, forecast bias
Cost of Equity, Credit Risk, Default Risk, Credit Spread, Default Spread, Default Premium, Systematic Risk, Cost of Leverage, Cost of Default, APV, Adjusted Present Value, Reduced Form Model, Debt Beta, CAPM, Spread AAA, Implied Cost of Capital, Ex-Ante Equity Risk Premium, Forecast Bias, Optimistic
adjusted present value, APV, cost of default, cost of equity, cost of leverage, credit risk, credit spread, debt leverage, default premium, default risk, default spread, levered beta, Modigliani and Miller, Pablo Fernandez, reduced‐form model, Robert Hamada, Shareholder value, systematic risk, tax shield
