Valuing Banks : A New Corporate Finance Approach (1st ed. 2016)

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.