Valuing Banks (inbunden)
Fler böcker inom
Format
Inbunden (Hardback)
Språk
Engelska
Antal sidor
242
Utgivningsdatum
2016-07-08
Upplaga
1st ed. 2016
Förlag
Palgrave Macmillan
Medarbetare
Previtali, Daniele
Illustratör/Fotograf
75 schwarz-weiße Tabellen 19 schwarz-weiße Abbildungen Bibliographie
Illustrationer
75 Tables, black and white; 19 Illustrations, black and white; XXIV, 242 p. 19 illus.
Dimensioner
215 x 152 x 19 mm
Vikt
435 g
Antal komponenter
1
Komponenter
1 Hardback
ISBN
9781137561411
Valuing Banks (inbunden)

Valuing Banks

A New Corporate Finance Approach

Inbunden Engelska, 2016-07-08
1076
Skickas inom 2-5 vardagar.
Fri frakt inom Sverige för privatpersoner.
Finns även som
Visa alla 2 format & utgåvor
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.
Visa hela texten

Passar bra ihop

  1. Valuing Banks
  2. +
  3. Requirements Engineering

De som köpt den här boken har ofta också köpt Requirements Engineering av Klaus Pohl (inbunden).

Köp båda 2 för 2152 kr

Kundrecensioner

Har du läst boken? Sätt ditt betyg »

Bloggat om Valuing Banks

Övrig information

Federico Beltrame is Lecturer in Banking and Finance in the Department of Economics and Statistics, University of Udine, Italy. He holds a PhD in Business Science from the same University. His main research interests are related to SMEs' cost of capital, banks' capital structure and Mutual Guarantee Credit Institutions. Daniele Previtali is post-doc fellow and lecturer at Luiss Guido Carli University, Rome, Italy. He holds a Ph.D. in Banking and Finance from University of Rome, Tor Vergata, Italy. In 2012, he was a visiting PhD candidate at Stern School of Business, New York, USA. His main research interests concern banks valuation, banks' capital structure and innovation.

Innehållsförteckning

Contents List of Tables List of Figures Acknowledgements About the Authors Preface Introduction 1. Valuation in Banking: issues and models 1.1 Introduction 1.1.1 A different role of equity: the regulatory constraints 1.1.2 The role of debt 1.1.3 Loan loss provisioning and charge-offs 1.1.4 Cash flow estimation 1.2 Valuation Methods of Banks: a critical review 1.2.1 Discounted cash flow models 1.2.2 Excess returns valuation 1.2.3 Asset and mixed-based valuation 1.2.4 Relative market valuation 1.2.5 Contingent claim valuation 1.3 Conclusions 2. Value, Capital structure and cost of capital: a theoretical framework 2.1 Introduction 2.2 Limitations of the Equity Side Approach 2.3 An Asset Side Approach to Banks Valuation: An Introduction 2.4 Banks' Cost of Capital and the Modigliani-Miller Propositions 2.5 Banks Valuation: A Scheme with Separate Quantification of Mark-Down 2.5.1 Valuation scheme without taxation and growth 2.5.2 Valuation scheme with tax benefits 2.5.3 Valuation scheme with taxation and growth 2.5.4 The AMM: an overview 2.6 The Restatement of Modigliani and Miller's Theories for the Banking Industry 2.6.1 Absence of taxes 2.6.2 Presence of taxes 2.7 Consistency of the AMM Model with Excess Returns Models 2.8 Conclusions 3. Measuring the Cash Flows of Banks: the FCFA Asset Side Approach 3.1 Introduction