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Valuing banks : a new corporate finance approach / Federico Beltrame; Daniele Previtali
London : Palgrave Macmillan, 2016
xxiv, 242 pages. : illustrations ; 22 cm.
Ký hiệu phân loại (DDC): 332.1
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.
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