Valuing Banks
A New Corporate Finance Approach (Palgrave Macmillan Studies in Banking and Financial Institutions)
Ranked #54 in Valuation
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... more