Valuing Banks: A New Corporate Finance Approach (Palgrave Macmillan Studies in Banking and Financial Institutions)

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 ôAsset Mark-down Modelö. 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.

• | Author: Federico Beltrame, Daniele Previtali
• | Publisher: Palgrave Macmillan
• | Publication Date: Jul 08, 2016
• | Number of Pages: 266 pages
• | Language: English
• | Binding: Hardcover/Business & Economics
• | ISBN-10: 1137561416
• | ISBN-13: 9781137561411