The Valuation of Financial Companies
Title | The Valuation of Financial Companies PDF eBook |
Author | Mario Massari |
Publisher | John Wiley & Sons |
Pages | 260 |
Release | 2014-01-07 |
Genre | Business & Economics |
ISBN | 1118617266 |
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.
Competitiveness of U.S. Insurance Companies, Financial Service[s] System, and Non-bank Financial Firms
Title | Competitiveness of U.S. Insurance Companies, Financial Service[s] System, and Non-bank Financial Firms PDF eBook |
Author | United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. International Competitiveness of United States Financial Institutions Task Force |
Publisher | |
Pages | 236 |
Release | 1990 |
Genre | Competition, International |
ISBN |
Financial Services Fact Book
Title | Financial Services Fact Book PDF eBook |
Author | Insurance Information Institute |
Publisher | Insurance Information Inst. |
Pages | 244 |
Release | 2009 |
Genre | Reference |
ISBN | 9780932387998 |
The Deposit Insurance Flexibility Act
Title | The Deposit Insurance Flexibility Act PDF eBook |
Author | United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance |
Publisher | |
Pages | 216 |
Release | 1981 |
Genre | Bank failures |
ISBN |
Deposit Insurance Reform and Financial Modernization
Title | Deposit Insurance Reform and Financial Modernization PDF eBook |
Author | United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs |
Publisher | |
Pages | 628 |
Release | 1990 |
Genre | Banks and banking, International |
ISBN |
Bank Management and Financial Services
Title | Bank Management and Financial Services PDF eBook |
Author | Perry Stinson |
Publisher | |
Pages | 217 |
Release | 2019-06-03 |
Genre | |
ISBN | 9781632407771 |
Financial services refer to the economic services delivered by the finance industry across multiple businesses and organizations like banks, insurance companies, stock brokerages, etc. In banks, besides the primary functionalities of storing, lending and borrowing money, financial services also include making investments across many industries and companies, capital generation, insurance facilitation and fund transfer. This book presents the key concepts and theories essential to the field of bank management and financial services. Constant effort has been made to make the understanding of the difficult concepts as easy and informative as possible. Banking professionals, financial advisors, experts and students alike will be benefited by an in-depth study of this book.
Merging the Deposit Insurance Funds
Title | Merging the Deposit Insurance Funds PDF eBook |
Author | United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Financial Institutions and Consumer Credit |
Publisher | |
Pages | 210 |
Release | 2000 |
Genre | Business & Economics |
ISBN |