Valuation of Financial Companies: Tools and Techniques to Measure the Value of Banks, Insurance Companies and Other Financial Institutions
This book presents the main valuation approaches that can be used to value financial institutions. By sketching 1) the different business models of banks (both commercial and investment banks) and insurance companies (life, property and casualty and reinsurance); 2) the structure and peculiarities o...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Somerset
Wiley
2014
|
| Ausgabe: | 1st ed |
| Schriftenreihe: | The Wiley Finance Series
|
| Schlagworte: | |
| Zusammenfassung: | This book presents the main valuation approaches that can be used to value financial institutions. By sketching 1) the different business models of banks (both commercial and investment banks) and insurance companies (life, property and casualty and reinsurance); 2) the structure and peculiarities of financial institutions' reporting and financial statements; and 3) the main features of regulatory capital frameworks for banking and insurance (ie Basel III, Solvency II), the book addresses why such elements make the valuation of financial institutions different from the valuation of non-financial companies. The book then features the valuation models that can be used to determine the value of banks and insurance companies including the Discounted Cash Flow, Dividend Discount Model, and Residual Income Model (with the appropriate estimation techniques for the cost of capital and cash flow in financial industries). The main techniques to perform the relative valuation of financial institutions are then presented: along the traditional multiples (P/E, P/BV, P/TBV, P/NAV), the multiples based on industry-specific value drivers are discussed (for example, P/Pre Provision Profit, P/Deposits, P/Premiums, P/Number of branches). Further valuation tools such as the "Value Maps" or the "Warranted Equity Method" will be explained and discussed. The closing section of the book will briefly focus on the valuation of specific financial companies/vehicles such as closed-end funds, private equity funds, leasing companies, etc |
| Beschreibung: | Description based on publisher supplied metadata and other sources |
| Beschreibung: | 1 online resource (258 pages) |
| ISBN: | 9781118617250 9781118617335 |
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Datensatz im Suchindex
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| any_adam_object | |
| author | Massari, Mario |
| author_facet | Massari, Mario |
| author_role | aut |
| author_sort | Massari, Mario |
| author_variant | m m mm |
| building | Verbundindex |
| bvnumber | BV043607084 |
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| dewey-full | 650 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 650 - Management and auxiliary services |
| dewey-raw | 650 |
| dewey-search | 650 |
| dewey-sort | 3650 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| edition | 1st ed |
| format | Electronic eBook |
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| spelling | Massari, Mario Verfasser aut Valuation of Financial Companies Tools and Techniques to Measure the Value of Banks, Insurance Companies and Other Financial Institutions 1st ed Somerset Wiley 2014 © 2014 1 online resource (258 pages) txt rdacontent c rdamedia cr rdacarrier The Wiley Finance Series Description based on publisher supplied metadata and other sources This book presents the main valuation approaches that can be used to value financial institutions. By sketching 1) the different business models of banks (both commercial and investment banks) and insurance companies (life, property and casualty and reinsurance); 2) the structure and peculiarities of financial institutions' reporting and financial statements; and 3) the main features of regulatory capital frameworks for banking and insurance (ie Basel III, Solvency II), the book addresses why such elements make the valuation of financial institutions different from the valuation of non-financial companies. The book then features the valuation models that can be used to determine the value of banks and insurance companies including the Discounted Cash Flow, Dividend Discount Model, and Residual Income Model (with the appropriate estimation techniques for the cost of capital and cash flow in financial industries). The main techniques to perform the relative valuation of financial institutions are then presented: along the traditional multiples (P/E, P/BV, P/TBV, P/NAV), the multiples based on industry-specific value drivers are discussed (for example, P/Pre Provision Profit, P/Deposits, P/Premiums, P/Number of branches). Further valuation tools such as the "Value Maps" or the "Warranted Equity Method" will be explained and discussed. The closing section of the book will briefly focus on the valuation of specific financial companies/vehicles such as closed-end funds, private equity funds, leasing companies, etc Wirtschaft Business Cash management Financial management Unternehmensberatung (DE-588)4078592-0 gnd rswk-swf Unternehmensbewertung (DE-588)4078594-4 gnd rswk-swf Wertanalyse (DE-588)4065660-3 gnd rswk-swf Unternehmensbewertung (DE-588)4078594-4 s Wertanalyse (DE-588)4065660-3 s 1\p DE-604 Unternehmensberatung (DE-588)4078592-0 s 2\p DE-604 Gianfrate, Gianfranco Sonstige oth Zanetti, Laura Sonstige oth Erscheint auch als Druck-Ausgabe Massari, Mario Valuation of Financial Companies : Tools and Techniques to Measure the Value of Banks, Insurance Companies and Other Financial Institutions 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Massari, Mario Valuation of Financial Companies Tools and Techniques to Measure the Value of Banks, Insurance Companies and Other Financial Institutions Wirtschaft Business Cash management Financial management Unternehmensberatung (DE-588)4078592-0 gnd Unternehmensbewertung (DE-588)4078594-4 gnd Wertanalyse (DE-588)4065660-3 gnd |
| subject_GND | (DE-588)4078592-0 (DE-588)4078594-4 (DE-588)4065660-3 |
| title | Valuation of Financial Companies Tools and Techniques to Measure the Value of Banks, Insurance Companies and Other Financial Institutions |
| title_auth | Valuation of Financial Companies Tools and Techniques to Measure the Value of Banks, Insurance Companies and Other Financial Institutions |
| title_exact_search | Valuation of Financial Companies Tools and Techniques to Measure the Value of Banks, Insurance Companies and Other Financial Institutions |
| title_full | Valuation of Financial Companies Tools and Techniques to Measure the Value of Banks, Insurance Companies and Other Financial Institutions |
| title_fullStr | Valuation of Financial Companies Tools and Techniques to Measure the Value of Banks, Insurance Companies and Other Financial Institutions |
| title_full_unstemmed | Valuation of Financial Companies Tools and Techniques to Measure the Value of Banks, Insurance Companies and Other Financial Institutions |
| title_short | Valuation of Financial Companies |
| title_sort | valuation of financial companies tools and techniques to measure the value of banks insurance companies and other financial institutions |
| title_sub | Tools and Techniques to Measure the Value of Banks, Insurance Companies and Other Financial Institutions |
| topic | Wirtschaft Business Cash management Financial management Unternehmensberatung (DE-588)4078592-0 gnd Unternehmensbewertung (DE-588)4078594-4 gnd Wertanalyse (DE-588)4065660-3 gnd |
| topic_facet | Wirtschaft Business Cash management Financial management Unternehmensberatung Unternehmensbewertung Wertanalyse |
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