Valuing banks : a new corporate finance approach
著者
書誌事項
Valuing banks : a new corporate finance approach
(Palgrave Macmillan studies in banking and financial institutions)
Palgrave Macmillan, c2016
大学図書館所蔵 全2件
  青森
  岩手
  宮城
  秋田
  山形
  福島
  茨城
  栃木
  群馬
  埼玉
  千葉
  東京
  神奈川
  新潟
  富山
  石川
  福井
  山梨
  長野
  岐阜
  静岡
  愛知
  三重
  滋賀
  京都
  大阪
  兵庫
  奈良
  和歌山
  鳥取
  島根
  岡山
  広島
  山口
  徳島
  香川
  愛媛
  高知
  福岡
  佐賀
  長崎
  熊本
  大分
  宮崎
  鹿児島
  沖縄
  韓国
  中国
  タイ
  イギリス
  ドイツ
  スイス
  フランス
  ベルギー
  オランダ
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注記
Includes bibliographical references (p. 227-235) and index
内容説明・目次
内容説明
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.
目次
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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