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Valuing Banks

A New Corporate Finance Approach

Federico Beltrame, Daniele Previtali (Autoren)

Buch | Hardcover

242 Seiten

2016 | 1st ed. 2016
Palgrave Macmillan (Verlag)
978-1-137-56141-1 (ISBN)

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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.

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.

1) Valuation in Banking: Issues and Models.- 2) Value, Capital Structure and Cost of Capital: A Theoretical Framework.- 3) Measuring the Cash Flows of Banks: the FCFA Asset Side Approach.- 4) The Cost of Capital of Banks: Theories and Empirical Evidences.- 5) Banks’ Asset-Side Multiples: Profitability, Growth, Leverage and Deposits Effect.- 6) A Comparison Among Valuation Metrics on a Real Case.

Erscheinungsdatum	14.04.2016
Reihe/Serie	Palgrave Macmillan Studies in Banking and Financial Institutions
Zusatzinfo	19 Illustrations, black and white; XXIV, 242 p. 19 illus.
Verlagsort	Basingstoke
Sprache	englisch
Maße	148 x 210 mm
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Allgemeines / Lexika
	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
	Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
Schlagworte	Asset-Side Valuation • Capital • Capital Markets • Equity Value • Europe • Italy • Mark-Down • Market Multiples • Tax Benefits • Valuation • Value of Deposits
ISBN-10	1-137-56141-6 / 1137561416
ISBN-13	978-1-137-56141-1 / 9781137561411
Zustand	Neuware