Important variables to calculate the Small firm premium for Dutch SMEs

This research is about the small firm premium. The small firm premium is used as an additional premium when valuating SME with the Build-up Approach or CAPM method. The small firm premium is calculated by a model. This model stems from 2010. In this research new variables and old variables have been tested to design a new model. The results, the variables in the old model are comparable to the variables in the new model except for human capital. Also, the overall small firm premium has been increased.