New approaches to the valuation of banks:
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis Book |
| Language: | English |
| Published: |
Göttingen
Cuvillier
[2008]
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XXV, 197 S. graph. Darst. 21 cm |
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MARC
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| 245 | 1 | 0 | |a New approaches to the valuation of banks |c submitted by: Michael J. W. Adams |
| 264 | 1 | |a Göttingen |b Cuvillier |c [2008] | |
| 300 | |a XXV, 197 S. |b graph. Darst. |c 21 cm | ||
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Record in the Search Index
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|---|---|
| adam_text | CONTENTS FOREWORD III ACKNOWLEDGMENTS VII CONTENTS IX LIST OF TABLES
XIII LIST OF FIGURES XV LIST OF SYMBOLS XVII I THEORETICAL ASPECTS OF
THE BANKING FIRM 1 1 INTRODUCTION 3 1.1 MOTIVATION 3 1.2 STRUCTURE 5 2
THEORY AND BUSINESS OF BANKING 7 2.1 FINANCE AND FINANCIAL
INTERMEDIATION 7 2.2 FINANCIAL INTERMEDIATION AND BANKS 9 2.3 ON THE
EXISTENCE OF FINANCIAL INTERMEDIARIES 13 2.3.1 THEORY OF FINANCIAL
INTERMEDIATION 14 2.3.2 FUNCTIONS OF A FINANCIAL SYSTEM 18 2.4 THE
BANK S BUSINESS MODEL 28 2.4.1 THE BANK S BALANCE SHEET 28 2.4.2 THE
BANK S INCOME STATEMENT 35 2.5 SUMMARY AND CONCLUSION 44 3
PARTICULARITIES OF THE BANK S VALUE 47 3.1 DYNAMICS AND DETERMINANTS OF
THE BANK S PROFIT 48 3.1.1 NET INTEREST MARGIN AND MARKET INTEREST RATE
48 3.1.2 NET INTEREST MARGIN AND MARKET POWER 52 BIBLIOGRAFISCHE
INFORMATIONEN HTTP://D-NB.INFO/1000344967 DIGITALISIERT DURCH CONTENTS
3.1.3 OTHER DETERMINANTS OF THE NET INTEREST MARGIN 63 3.1.4 NON
INTEREST EXPENSES AND THE BANK S EFFICIENCY 65 3.1.5 SUMMARY OF BANK
PROFIT EHARACTERISTICS 66 3.2 PARTICULARITIES OF BANK VALUATION 67 3.2.1
REGULATORY FRAMEWORK 68 3.2.2 DUALITY OF BUSINESS MODEL 69 3.2.3 CREDIT
RISK 71 3.2.4 INTEREST RATE RISK 72 3.3 BANK VALUATION - A LITERATURE
SURVEY 73 3.3.1 ACADEMIC TREATISES 74 3.3.2 PRACTITIONERS GUIDES 78
3.3.3 MATCHED-MATURITY MARGINAL VALUE OF FUNDS METHOD 79 3.4 SUMMARV AND
CONCLUSION 82 II A NEW APPROACH TO THE VALUATION OF BANKS 85 4 THEORY OF
CONTINGENT CLAIMS VALUATION 87 4.1 MODEL OUTLINE 87 4.2 FUNDAMENTALS OF
ASSET PRICING THEORY 88 4.2.1 DISCRETE-TIME SETUP 88 4.2.2
CONTINUOUS-TIME SETUP 91 4.3 CONTINGENT CLAIMS VALUATION 92 4.3.1 OPTION
PRIRING THEORY 93 4.3.2 STRUCTURAL MODEL OF THE FIRM 95 4.4 TERRA
STRUCTURE MODEIS OF THE INTEREST RATE 99 4.4.1 PREREQUISITES FOR TERM
STRUCTURE MODELING 100 4.4.2 IDENTIFICATION OF AFFINE MODEIS 103 4.4.3
PRICING UNDER AFFINE MODELS 106 4.4.4 LIMITATIONS OF AFFINE MODELS 107 5
A MODEL FOR THE VALUATION OF BANKS 109 5.1 OUR MODEL OF THE BANKING FIRM
110 5.1.1 MOTIVATION FOR THE MMMVF FRAMEWORK 110 5.1.2 DCF VALUATION
APPROACH TO THE BANK 114 5.1.3 STRUCTURAL FIRM VALUATION APPROACH TO THE
BANK 124 5. CONTENTS 5.6 MODEL EXTENSIONS 157 5.6.1 FIRST EXTENSION:
FIXED COST 157 5.6.2 SECOND EXTENSION: DEFAULT RISK IN THE LOAN BUSINESS
159 6 CONCLUSION AND FURTHER RESEARCH 161 6.1 CONCLUSION 161 6.2 FURTHER
RESEARCH 163 III APPENDIX 165 A FINANCIAL DATA 167 A.L TRANSLATION OF
DEUTSCHE BANK S BALANCE SHEET 167 A.2 TRANSLATION OF DEUTSCHE BANK S
INROME STATEMENT 169 B RESTRICTIONS OF ADMISSIBILITY FOR THE AFFINE
CLASS 173
|
| any_adam_object | 1 |
| author | Adams, Michael J. W. |
| author_GND | (DE-588)138809135 |
| author_facet | Adams, Michael J. W. |
| author_role | aut |
| author_sort | Adams, Michael J. W. |
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| building | Verbundindex |
| bvnumber | BV036345063 |
| ctrlnum | (OCoLC)560329910 (DE-599)DNB1000344967 |
| dewey-full | 332.10681 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.10681 |
| dewey-search | 332.10681 |
| dewey-sort | 3332.10681 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Thesis Book |
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| indexdate | 2024-07-09T22:37:42Z |
| institution | BVB |
| language | English |
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| physical | XXV, 197 S. graph. Darst. 21 cm |
| publishDate | 2008 |
| publishDateSearch | 2008 |
| publishDateSort | 2008 |
| publisher | Cuvillier |
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| spelling | Adams, Michael J. W. Verfasser (DE-588)138809135 aut New approaches to the valuation of banks submitted by: Michael J. W. Adams Göttingen Cuvillier [2008] XXV, 197 S. graph. Darst. 21 cm txt rdacontent n rdamedia nc rdacarrier Zugl.: Vallendar, WHU - Otto Beisheim School of Management, Diss. Unternehmensbewertung (DE-588)4078594-4 gnd rswk-swf Bank (DE-588)4004436-1 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Bank (DE-588)4004436-1 s Unternehmensbewertung (DE-588)4078594-4 s DE-604 DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020217847&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Adams, Michael J. W. New approaches to the valuation of banks Unternehmensbewertung (DE-588)4078594-4 gnd Bank (DE-588)4004436-1 gnd |
| subject_GND | (DE-588)4078594-4 (DE-588)4004436-1 (DE-588)4113937-9 |
| title | New approaches to the valuation of banks |
| title_auth | New approaches to the valuation of banks |
| title_exact_search | New approaches to the valuation of banks |
| title_full | New approaches to the valuation of banks submitted by: Michael J. W. Adams |
| title_fullStr | New approaches to the valuation of banks submitted by: Michael J. W. Adams |
| title_full_unstemmed | New approaches to the valuation of banks submitted by: Michael J. W. Adams |
| title_short | New approaches to the valuation of banks |
| title_sort | new approaches to the valuation of banks |
| topic | Unternehmensbewertung (DE-588)4078594-4 gnd Bank (DE-588)4004436-1 gnd |
| topic_facet | Unternehmensbewertung Bank Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020217847&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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