Overview
- Provides a constructive comparison of equity and asset side methods
- Presents an Adjusted Present Value model
- Offers a more accurate and more specific approach to valuing banks
Part of the book series: Palgrave Macmillan Studies in Banking and Financial Institutions (SBFI)
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Table of contents (7 chapters)
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Front Matter
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Back Matter
Keywords
About this book
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.
Authors and Affiliations
About the authors
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.
Bibliographic Information
Book Title: Valuing Banks
Book Subtitle: A New Corporate Finance Approach
Authors: Federico Beltrame, Daniele Previtali
Series Title: Palgrave Macmillan Studies in Banking and Financial Institutions
DOI: https://doi.org/10.1057/978-1-137-56142-8
Publisher: Palgrave Macmillan London
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Limited 2016
Hardcover ISBN: 978-1-137-56141-1Published: 08 July 2016
eBook ISBN: 978-1-137-56142-8Published: 27 June 2016
Series ISSN: 2523-336X
Series E-ISSN: 2523-3378
Edition Number: 1
Number of Pages: XXIV, 242
Number of Illustrations: 19 b/w illustrations
Topics: Banking, Capital Markets, Corporate Finance, Investment Appraisal, Risk Management