Le valutazioni del capitale economico delle Piccole e Medie Imprese a fini di garanzia societaria nel quadro dei PIV. Criticità e possibili semplificazioni.

[Machine translation] The study aims to simplify valuations for corporate guarantee purposes in accordance with the PIV of SMEs, which often do not have the capacity to produce analytical information on their performance and do not find accessible market references for estimating rates and market multiples. The proposed solutions concern the choice of Discounted Economic Profit as an elective methodology, the consideration of an organizational or commercial technological intangible to be subject to income verification for companies in crisis, the determination of the cost of capital with the qualitative beta and the communication and discussion of estimates through multiples.