The valuation of financial companies: tools and techniques to value 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:
| Beteiligte Personen: | , , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
West Sussex, United Kingdom
John Wiley & Sons
[2014]
|
| Schlagwörter: | |
| Links: | https://learning.oreilly.com/library/view/-/9781118617267/?ar |
| 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: | Includes bibliographical references and index. - Print version record |
| Umfang: | 1 Online-Ressource (1 volume) Illustrationen |
| ISBN: | 9781118617250 1118617258 9781118617267 1118617266 9781118821367 111882136X 9781306322539 1306322537 |
Internformat
MARC
| LEADER | 00000cam a22000002c 4500 | ||
|---|---|---|---|
| 001 | ZDB-30-ORH-047539275 | ||
| 003 | DE-627-1 | ||
| 005 | 20240228115814.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 191023s2014 xx |||||o 00| ||eng c | ||
| 020 | |a 9781118617250 |c electronic bk. |9 978-1-118-61725-0 | ||
| 020 | |a 1118617258 |c electronic bk. |9 1-118-61725-8 | ||
| 020 | |a 9781118617267 |c electronic bk. |9 978-1-118-61726-7 | ||
| 020 | |a 1118617266 |c electronic bk. |9 1-118-61726-6 | ||
| 020 | |a 9781118821367 |9 978-1-118-82136-7 | ||
| 020 | |a 111882136X |9 1-118-82136-X | ||
| 020 | |a 9781306322539 |9 978-1-306-32253-9 | ||
| 020 | |a 1306322537 |9 1-306-32253-7 | ||
| 035 | |a (DE-627-1)047539275 | ||
| 035 | |a (DE-599)KEP047539275 | ||
| 035 | |a (ORHE)9781118617267 | ||
| 035 | |a (DE-627-1)047539275 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 072 | 7 | |a BUS |2 bisacsh | |
| 072 | 7 | |a BUS |2 bisacsh | |
| 072 | 7 | |a BUS |2 bisacsh | |
| 072 | 7 | |a BUS |2 bisacsh | |
| 082 | 0 | |a 332.1 |2 23 | |
| 100 | 1 | |a Masari, Mario |e VerfasserIn |4 aut | |
| 245 | 1 | 4 | |a The valuation of financial companies |b tools and techniques to value banks, insurance companies, and other financial institutions |c Mario Massari, Gianfranco Gianfrate, Laura Zanetti |
| 264 | 1 | |a West Sussex, United Kingdom |b John Wiley & Sons |c [2014] | |
| 264 | 4 | |c ©2014 | |
| 300 | |a 1 Online-Ressource (1 volume) |b Illustrationen | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 500 | |a Includes bibliographical references and index. - Print version record | ||
| 520 | |a 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 | ||
| 650 | 0 | |a Valuation | |
| 650 | 0 | |a Financial institutions |x Valuation | |
| 650 | 0 | |a Business | |
| 650 | 0 | |a Cash management | |
| 650 | 4 | |a Évaluation | |
| 650 | 4 | |a Institutions financières ; Évaluation | |
| 650 | 4 | |a Affaires | |
| 650 | 4 | |a Gestion de trésorerie | |
| 650 | 4 | |a business (commercial function) | |
| 650 | 4 | |a BUSINESS & ECONOMICS ; Finance | |
| 650 | 4 | |a Business | |
| 650 | 4 | |a Cash management | |
| 650 | 4 | |a Financial institutions ; Valuation | |
| 650 | 4 | |a Valuation | |
| 700 | 1 | |a Gianfrate, Gianfranco |e VerfasserIn |4 aut | |
| 700 | 1 | |a Zanetti, Laura |e VerfasserIn |4 aut | |
| 966 | 4 | 0 | |l DE-91 |p ZDB-30-ORH |q TUM_PDA_ORH |u https://learning.oreilly.com/library/view/-/9781118617267/?ar |m X:ORHE |x Aggregator |z lizenzpflichtig |3 Volltext |
| 912 | |a ZDB-30-ORH | ||
| 912 | |a ZDB-30-ORH | ||
| 951 | |a BO | ||
| 912 | |a ZDB-30-ORH | ||
| 049 | |a DE-91 | ||
Datensatz im Suchindex
| DE-BY-TUM_katkey | ZDB-30-ORH-047539275 |
|---|---|
| _version_ | 1831287100547268609 |
| adam_text | |
| any_adam_object | |
| author | Masari, Mario Gianfrate, Gianfranco Zanetti, Laura |
| author_facet | Masari, Mario Gianfrate, Gianfranco Zanetti, Laura |
| author_role | aut aut aut |
| author_sort | Masari, Mario |
| author_variant | m m mm g g gg l z lz |
| building | Verbundindex |
| bvnumber | localTUM |
| collection | ZDB-30-ORH |
| ctrlnum | (DE-627-1)047539275 (DE-599)KEP047539275 (ORHE)9781118617267 |
| dewey-full | 332.1 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.1 |
| dewey-search | 332.1 |
| dewey-sort | 3332.1 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>03928cam a22006732c 4500</leader><controlfield tag="001">ZDB-30-ORH-047539275</controlfield><controlfield tag="003">DE-627-1</controlfield><controlfield tag="005">20240228115814.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">191023s2014 xx |||||o 00| ||eng c</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781118617250</subfield><subfield code="c">electronic bk.</subfield><subfield code="9">978-1-118-61725-0</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1118617258</subfield><subfield code="c">electronic bk.</subfield><subfield code="9">1-118-61725-8</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781118617267</subfield><subfield code="c">electronic bk.</subfield><subfield code="9">978-1-118-61726-7</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1118617266</subfield><subfield code="c">electronic bk.</subfield><subfield code="9">1-118-61726-6</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781118821367</subfield><subfield code="9">978-1-118-82136-7</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">111882136X</subfield><subfield code="9">1-118-82136-X</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781306322539</subfield><subfield code="9">978-1-306-32253-9</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1306322537</subfield><subfield code="9">1-306-32253-7</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)047539275</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP047539275</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ORHE)9781118617267</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)047539275</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332.1</subfield><subfield code="2">23</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Masari, Mario</subfield><subfield code="e">VerfasserIn</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="4"><subfield code="a">The valuation of financial companies</subfield><subfield code="b">tools and techniques to value banks, insurance companies, and other financial institutions</subfield><subfield code="c">Mario Massari, Gianfranco Gianfrate, Laura Zanetti</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">West Sussex, United Kingdom</subfield><subfield code="b">John Wiley & Sons</subfield><subfield code="c">[2014]</subfield></datafield><datafield tag="264" ind1=" " ind2="4"><subfield code="c">©2014</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (1 volume)</subfield><subfield code="b">Illustrationen</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Includes bibliographical references and index. - Print version record</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">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</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Valuation</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Financial institutions</subfield><subfield code="x">Valuation</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Business</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Cash management</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Évaluation</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Institutions financières ; Évaluation</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Affaires</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Gestion de trésorerie</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">business (commercial function)</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">BUSINESS & ECONOMICS ; Finance</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Business</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Cash management</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Financial institutions ; Valuation</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Valuation</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Gianfrate, Gianfranco</subfield><subfield code="e">VerfasserIn</subfield><subfield code="4">aut</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Zanetti, Laura</subfield><subfield code="e">VerfasserIn</subfield><subfield code="4">aut</subfield></datafield><datafield tag="966" ind1="4" ind2="0"><subfield code="l">DE-91</subfield><subfield code="p">ZDB-30-ORH</subfield><subfield code="q">TUM_PDA_ORH</subfield><subfield code="u">https://learning.oreilly.com/library/view/-/9781118617267/?ar</subfield><subfield code="m">X:ORHE</subfield><subfield code="x">Aggregator</subfield><subfield code="z">lizenzpflichtig</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-30-ORH</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-30-ORH</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">BO</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-30-ORH</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-91</subfield></datafield></record></collection> |
| id | ZDB-30-ORH-047539275 |
| illustrated | Not Illustrated |
| indexdate | 2025-05-05T13:24:33Z |
| institution | BVB |
| isbn | 9781118617250 1118617258 9781118617267 1118617266 9781118821367 111882136X 9781306322539 1306322537 |
| language | English |
| open_access_boolean | |
| owner | DE-91 DE-BY-TUM |
| owner_facet | DE-91 DE-BY-TUM |
| physical | 1 Online-Ressource (1 volume) Illustrationen |
| psigel | ZDB-30-ORH TUM_PDA_ORH ZDB-30-ORH |
| publishDate | 2014 |
| publishDateSearch | 2014 |
| publishDateSort | 2014 |
| publisher | John Wiley & Sons |
| record_format | marc |
| spelling | Masari, Mario VerfasserIn aut The valuation of financial companies tools and techniques to value banks, insurance companies, and other financial institutions Mario Massari, Gianfranco Gianfrate, Laura Zanetti West Sussex, United Kingdom John Wiley & Sons [2014] ©2014 1 Online-Ressource (1 volume) Illustrationen Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Includes bibliographical references and index. - Print version record 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 Valuation Financial institutions Valuation Business Cash management Évaluation Institutions financières ; Évaluation Affaires Gestion de trésorerie business (commercial function) BUSINESS & ECONOMICS ; Finance Financial institutions ; Valuation Gianfrate, Gianfranco VerfasserIn aut Zanetti, Laura VerfasserIn aut |
| spellingShingle | Masari, Mario Gianfrate, Gianfranco Zanetti, Laura The valuation of financial companies tools and techniques to value banks, insurance companies, and other financial institutions Valuation Financial institutions Valuation Business Cash management Évaluation Institutions financières ; Évaluation Affaires Gestion de trésorerie business (commercial function) BUSINESS & ECONOMICS ; Finance Financial institutions ; Valuation |
| title | The valuation of financial companies tools and techniques to value banks, insurance companies, and other financial institutions |
| title_auth | The valuation of financial companies tools and techniques to value banks, insurance companies, and other financial institutions |
| title_exact_search | The valuation of financial companies tools and techniques to value banks, insurance companies, and other financial institutions |
| title_full | The valuation of financial companies tools and techniques to value banks, insurance companies, and other financial institutions Mario Massari, Gianfranco Gianfrate, Laura Zanetti |
| title_fullStr | The valuation of financial companies tools and techniques to value banks, insurance companies, and other financial institutions Mario Massari, Gianfranco Gianfrate, Laura Zanetti |
| title_full_unstemmed | The valuation of financial companies tools and techniques to value banks, insurance companies, and other financial institutions Mario Massari, Gianfranco Gianfrate, Laura Zanetti |
| title_short | The valuation of financial companies |
| title_sort | valuation of financial companies tools and techniques to value banks insurance companies and other financial institutions |
| title_sub | tools and techniques to value banks, insurance companies, and other financial institutions |
| topic | Valuation Financial institutions Valuation Business Cash management Évaluation Institutions financières ; Évaluation Affaires Gestion de trésorerie business (commercial function) BUSINESS & ECONOMICS ; Finance Financial institutions ; Valuation |
| topic_facet | Valuation Financial institutions Valuation Business Cash management Évaluation Institutions financières ; Évaluation Affaires Gestion de trésorerie business (commercial function) BUSINESS & ECONOMICS ; Finance Financial institutions ; Valuation |
| work_keys_str_mv | AT masarimario thevaluationoffinancialcompaniestoolsandtechniquestovaluebanksinsurancecompaniesandotherfinancialinstitutions AT gianfrategianfranco thevaluationoffinancialcompaniestoolsandtechniquestovaluebanksinsurancecompaniesandotherfinancialinstitutions AT zanettilaura thevaluationoffinancialcompaniestoolsandtechniquestovaluebanksinsurancecompaniesandotherfinancialinstitutions AT masarimario valuationoffinancialcompaniestoolsandtechniquestovaluebanksinsurancecompaniesandotherfinancialinstitutions AT gianfrategianfranco valuationoffinancialcompaniestoolsandtechniquestovaluebanksinsurancecompaniesandotherfinancialinstitutions AT zanettilaura valuationoffinancialcompaniestoolsandtechniquestovaluebanksinsurancecompaniesandotherfinancialinstitutions |