Valuing Banks: A New Corporate Finance Approach (palgrave Macmillan Studies In Banking And Financial Institutions)
by Federico Beltrame /
2016 / English / PDF
4.6 MB Download
This book aims to overcome the limitations the variations in
bank-specifics impose by providing a bank-specific valuation
theoretical framework and a new asset-side model. The book
includes also a constructive comparison of equity and asset
side methods. The authors present a novel framework
entitled, the “Asset Mark-down Model”. This method incorporates
an Adjusted Present Value model, which allows practitioners to
identify the main value creation sources of a particular bank:
from asset-based cash flow and the mark-down on deposits, to tax
benefits on bearing liabilities. Through the implementation of
this framework, the authors offer a more accurate and more
specific approach to valuing banks.
This book aims to overcome the limitations the variations in
bank-specifics impose by providing a bank-specific valuation
theoretical framework and a new asset-side model. The book
includes also a constructive comparison of equity and asset
side methods. The authors present a novel framework
entitled, the “Asset Mark-down Model”. This method incorporates
an Adjusted Present Value model, which allows practitioners to
identify the main value creation sources of a particular bank:
from asset-based cash flow and the mark-down on deposits, to tax
benefits on bearing liabilities. Through the implementation of
this framework, the authors offer a more accurate and more
specific approach to valuing banks.
