Roland Clère lecture at the french appraisers association
The theme of the mornings of the SFEV (French appraisers association) of Tuesday, December 19, 2017 was "Default Risk and Equity Value: Forgotten Factor or Cultural Revolution?". On this occasion Roland Clère, from the Fairness Finance team, presented the challenges of including the risk of default in equity valuation and the techniques that allow this risk to be taken into account, either in the discount rate or in the cash-flows.
This document is only available in french, we apologize for the inconvenience.
The article on which the lecture was based is available in english here.
The Fairness Finance team