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Valuing Banks = A New Corporate Finance Approach /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Valuing Banks/ by Federico Beltrame, Daniele Previtali.
Reminder of title:	A New Corporate Finance Approach /
Author:	Beltrame, Federico.
other author:	Previtali, Daniele.
Description:	XXIV, 242 p. 19 illus.online resource. :
Contained By:	Springer Nature eBook
Subject:	Banks and banking. -
Online resource:	https://doi.org/10.1057/978-1-137-56142-8
ISBN:	9781137561428

Valuing Banks = A New Corporate Finance Approach /
Beltrame, Federico.

Valuing BanksA New Corporate Finance Approach /[electronic resource] :by Federico Beltrame, Daniele Previtali. - 1st ed. 2016. - XXIV, 242 p. 19 illus.online resource. - Palgrave Macmillan Studies in Banking and Financial Institutions,2523-336X. - Palgrave Macmillan Studies in Banking and Financial Institutions,.

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.

Bank valuation is one of the most difficult topics to address in corporate finance. The application of standard valuation methodologies can be limited and heavily influenced by the varying specifics of regulation, business process, equity and debt capital function (among others) among banks. Generally, these limitations result in the application of a simplified equity-side approach based on dividends. Yet, dividends represent a synthetic measure of cash and, therefore, often do not present an accurate view of the value creation process in terms of cash flows. 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.

ISBN: 9781137561428

Standard No.: 10.1057/978-1-137-56142-8doiSubjects--Topical Terms:

556379
Banks and banking.

LC Class. No.: HG1501-3550

Dewey Class. No.: 332.1

Valuing Banks = A New Corporate Finance Approach /
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