Valuing banks a new corporate finance approach
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 entitle...
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Format: | UnknownFormat |
Sprache: | eng |
Veröffentlicht: |
London
Palgrave Macmillan
2016
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Schriftenreihe: | Palgrave Macmillan studies in banking and financial institutions / series editor: Philip Molyneux
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Online Zugang: | Inhaltsverzeichnis |
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Zusammenfassung: | 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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Beschreibung: | Literaturangaben |
Beschreibung: | xxiv, 242 Seiten Diagramme |
ISBN: | 1137561416 1-137-56141-6 9781137561411 978-1-137-56141-1 |