Valuing Banks E-Book

Federico Beltrame

• Herausgeber: Palgrave Macmillan UK
• Kategorie: Fachliteratur
• Serie: Palgrave Macmillan Studies in Banking and Financial Institutions
• Sprache: Englisch

Veröffentlichungsjahr: 2016

Beschreibung

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.