Valuing Banks : A New Corporate Finance Approach
Valuing Banks : A New Corporate Finance Approach
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Author(s): Beltrame, Federico
ISBN No.: 9781137561411
Pages: xxiv, 242
Year: 201607
Format: Trade Cloth (Hard Cover)
Price: $ 234.59
Dispatch delay: Dispatched between 7 to 15 days
Status: Available

Contents List of Tables List of Figures Acknowledgements About the Authors Preface Introduction 1. Valuation in Banking: issues and models 1.1 Introduction 1.1.1 A different role of equity: the regulatory constraints 1.1.2 The role of debt 1.1.


3 Loan loss provisioning and charge-offs 1.1.4 Cash flow estimation 1.2 Valuation Methods of Banks: a critical review 1.2.1 Discounted cash flow models 1.2.2 Excess returns valuation 1.


2.3 Asset and mixed-based valuation 1.2.4 Relative market valuation 1.2.5 Contingent claim valuation 1.3 Conclusions 2. Value, Capital structure and cost of capital: a theoretical framework 2.


1 Introduction 2.2 Limitations of the Equity Side Approach 2.3 An Asset Side Approach to Banks Valuation: An Introduction 2.4 Banks' Cost of Capital and the Modigliani-Miller Propositions 2.5 Banks Valuation: A Scheme with Separate Quantification of Mark-Down 2.5.1 Valuation scheme without taxation and growth 2.5.


2 Valuation scheme with tax benefits 2.5.3 Valuation scheme with taxation and growth 2.5.4 The AMM: an overview 2.6 The Restatement of Modigliani and Miller's Theories for the Banking Industry 2.6.1 Absence of taxes 2.


6.2 Presence of taxes 2.7 Consistency of the AMM Model with Excess Returns Models 2.8 Conclusions 3. Measuring the Cash Flows of Banks: the FCFA Asset Side Approach 3.1 Introduction.


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