Valuing Banks A New Corporate Finance Approach /

• Main Authors: Beltrame, Federico (Author), Previtali, Daniele (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: London : Palgrave Macmillan UK : Imprint: Palgrave Macmillan, 2016.
• Series: Palgrave Macmillan Studies in Banking and Financial Institutions
• Subjects: Finance.; Corporations > Finance.; Banks and banking.; Risk management.; Capital market.; Capital investments.; Banking.; Capital Markets.; Corporate Finance.; Investment Appraisal.; Risk Management.

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. General...

Table of Contents:

• 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.