Palgrave Macmillan Studies in Banking and Financial Institutions: A New Corporate Finance Approach

Beltrame, Federico; Previtali, Daniele

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.

Details

Published by: Palgrave Macmillan

Publication Date: 2016-07-08

Format: Hardcover

ISBN-13: 9781137561411

DOI: 10.1057/978-1-137-56142-8

Dimensions: 210cm x148cm

Pages: 242