Valuing Banks: A New Corporate Finance Approach

By Federico Beltrame and Daniele Previtali

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.

• Format: Hardcover
• Language: English
• ISBN: 1137561416
• ISBN13: 9781137561411
• Release Date: July 2016
• Publisher: Palgrave MacMillan
• Length: 242 Pages
• Weight: 1.00 lbs.
• Dimensions: 0.8" x 6.0" x 8.3"