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Guarantee Valuation in Expert Practice
[Oceňování ručení ve znalecké praxi]

Author

Listed:
  • Jaroslav Brada

Abstract

The scope and scale of the risks of losses by the credit provider and by the credit guarantee provider are identical in their economic nature. The article uses this identical nature of the credit risk and guarantee risks to provide methodological guidance to identify (quantify) the potential market price (value) of third-party liability guarantees using information on credit interest rates provided on the market by banking and non-bank institutions, as well as, where appropriate, information on venture capital fund required rate of return.

Suggested Citation

  • Jaroslav Brada, 2019. "Guarantee Valuation in Expert Practice [Oceňování ručení ve znalecké praxi]," Oceňování, Prague University of Economics and Business, vol. 12(3), pages 3-17.
    • Handle: RePEc:prg:jnloce:v:12:y:2019:i:3:id:2019_3_01:p:3-17
    DOI: 10.18267/j.ocenovani.232
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    More about this item

    Keywords

    Credit risk valuation; Loan Guarantee Valuation; Guarantee risk; Oceňování kreditního rizika; Oceňování záruk; Rizika z vydaných záruk;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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