LEADER 00788nam0-22003011i-450- 001 990006090480403321 005 20090325143730.0 035 $a000609048 035 $aFED01000609048 035 $a(Aleph)000609048FED01 035 $a000609048 100 $a20000112d1992----km-y0itay50------ba 101 0 $aeng 105 $ay-------001yy 200 1 $aEconomics$fdi Michael Parkin, David King 210 $aWokingham$cAddison-Wesley$d1992 215 $aXXVIII, 1011 p.$d23 cm 676 $a330 700 1$aParkin,$bMichael$0120704 702 1$aKing,$bDavid 702 1$aParkin,$bMichael 801 0$aIT$bUNINA$gRICA$2UNIMARC 901 $aBK 912 $a990006090480403321 952 $aXV B 568$b17903*$fFGBC 959 $aFGBC 996 $aEconomics$9576869 997 $aUNINA LEADER 01215nam--2200385---450 001 990002891410203316 005 20211018102723.0 010 $a88-8335-719-1 035 $a000289141 035 $aUSA01000289141 035 $a(ALEPH)000289141USA01 035 $a000289141 100 $a20070329d2005----km-y0itay50------ba 101 $aita 102 $aIT 105 $a||||||||001yy 200 1 $aNazionalismo turco e genocidio armeno$edall'impero ottomano alla Repubblica$fTaner Akcam$gedizione italiana a cura di Antonia Arslan$gpresentazione di Dario Fertilio 210 $aMilano$cGuerini e associati$d2005 215 $aIV, 283 p.$d23 cm 300 $aTraduzione di Alessandro Michelucci, Cecilia Veronese 410 0$12001 454 1$12001$aFrom empire to republic$913589 461 1$1001-------$12001 606 0 $aArmeni$xPersecuzioni$yTurchia 676 $a956.100491992 700 1$aAKCAM,$bTaner$0296985 702 1$aARSLAN,$bAntonia 702 1$aFERTLIO,$bDario 801 0$aIT$bsalbc$gISBD 912 $a990002891410203316 951 $aX.3.B. 4089$b191709 L.M.$cX.3.B.$d00130212 959 $aBK 969 $aUMA 996 $aFrom empire to republic$913589 997 $aUNISA LEADER 05605nam 2200709 450 001 9910816467003321 005 20200520144314.0 010 $a1-118-82136-X 010 $a1-118-61725-8 035 $a(CKB)2670000000501487 035 $a(EBL)1594543 035 $a(SSID)ssj0001129724 035 $a(PQKBManifestationID)11648369 035 $a(PQKBTitleCode)TC0001129724 035 $a(PQKBWorkID)11081564 035 $a(PQKB)10833938 035 $a(MiAaPQ)EBC1594543 035 $a(Au-PeEL)EBL1594543 035 $a(CaPaEBR)ebr10827165 035 $a(CaONFJC)MIL563504 035 $a(OCoLC)904769287 035 $a(PPN)185454526 035 $a(EXLCZ)992670000000501487 100 $a20140121h20142014 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe valuation of financial companies $etools and techniques to value banks, insurance companies, and other financial institutions /$fMario Massari, Gianfranco Gianfrate, Laura Zanetti 210 1$aChichester, [England] :$cJohn Wiley & Sons, Incorporation,$d2014. 210 4$dİ2014 215 $a1 online resource (258 p.) 225 0$aWiley finance series 300 $aDescription based upon print version of record. 311 $a1-118-61733-9 320 $aIncludes bibliographical references and index. 327 $aThe Valuation of Financial Companies: Tools and Techniques to Value Banks, Insurance Companies, and Other Financial Institutions; Contents; Preface; Acknowledgments; 1 Bank Business Models; 1.1 Economics of Banking; 1.2 Commercial Banks; 1.2.1 Structure of the Industry in the US; 1.2.2 Overview of the US Regulation; 1.2.3 Commercial Banks Balance Sheets; 1.3 Investment Banks; 1.3.1 Structure of the US Banking Industry; 1.3.2 Typical Balance Sheet for an Investment Bank; 1.3.3 The Banking Industry outside the US; 2 Financial Statements Analysis for Banks; 2.1 Balance Sheet; 2.1.1 Assets 327 $a2.1.2 Investment Property 2.1.3 Intangibles; 2.1.4 Research and Development; 2.1.5 Goodwill; 2.1.6 Securities; 2.1.7 Equity Stakes; 2.1.8 Loans and Receivables; 2.1.9 Impairment Test; 2.1.10 Financial Liabilities; 2.1.11 Hedging; 2.1.12 De-recognition of Financial Assets and Liabilities; 2.2 The US GAAP for Banks; 2.2.1 Reversal of Impairment; 2.2.2 Transfer among Different Categories; 2.3 Profit & Loss Statement; 2.4 Major Differences between IASIFRS and US GAAP; 2.5 Example of IASIFRS Application; 3 The Regulatory Capital for Banks; 3.1 Regulatory Capital Requirements 327 $a3.1.1 Definition of Capital According to Basel I and II 3.1.2 The Risk-Weighted Assets; 3.2 Basel II; 3.2.1 Does Basel II Work?; 3.3 The Reform of Basel III; 3.3.1 New Definition of Capital; 3.3.2 Change in RWA Computation; 3.3.3 New Coefficients; 3.3.4 Leverage Ratio; 3.3.5 Liquidity Ratios; 3.4 Managing the Regulatory Capital; 4 Assessing and Preparing the Business Plan for a Bank; 4.1 STATUS QUO Analysis; 4.1.1 Asset Quality; 4.1.2 Toxic and Illiquid Assets; 4.1.3 Goodwill; 4.1.4 Capitalization; 4.2 Internal Consistency; 4.2.1 Historical versus Projected Performance; 4.2.2 ROE Framework 327 $a4.2.3 P&L and Balance Sheet Drivers 4.2.4 P&L versus Balance Sheet; 4.2.5 Asset Side versus Liability Side; 4.2.6 Financial versus Operating Forecasts; 4.3 External Consistency; 4.3.1 Macroeconomic Outlook; 4.3.2 Competitive Dynamics; 4.3.3 Business Plan versus Market Consensus; 4.4 The Forecasting Model of a Bank; 4.4.1 Balance Sheet; 4.4.2 P&L; 4.4.3 Checking Forecasts; 5 Bank Valuation; 5.1 Why Bank Valuation is Different; 5.2 Discounted Returns Model; 5.2.1 The Cost of Capital for Financial Institutions; 5.2.2 The Dividend Discount Model; 5.2.3 The Cash Flow to Equity Model 327 $a5.2.4 The Excess Return Model 5.3 Relative Valuation; 5.3.1 Market Multiples; 5.3.2 Deal Multiples; 5.3.3 Multiples from Fundamentals; 5.3.4 Value Maps and Other Regressions; 5.4 Asset Liability-Based Valuation; 5.5 The Sum Of The Parts Framework; 5.6 Bank Valuation in M&A; 5.7 The Valuation of Wells Bank; 6 Insurance Business Models and Financial Statements; 6.1 The Business Model of Insurance Companies; 6.2 Segmentation by Products; 6.2.1 Life and Health; 6.2.2 Property and Casualty; 6.2.3 Reinsurance; 6.3 Distribution Channels; 6.4 Insurance Balance Sheet under US GAAP 327 $a6.4.1 Reserves and Separate Accounts 330 $aThis book presents the main valuation approaches that can be used to value financial institutions. By sketching 1) the different business models of banks (both commercial and investment banks) and insurance companies (life, property and casualty and reinsurance); 2) the structure and peculiarities of financial institutions' reporting and financial statements; and 3) the main features of regulatory capital frameworks for banking and insurance (ie Basel III, Solvency II), the book addresses why such elements make the valuation of financial institutions different from the valuation 410 0$aWiley finance series. 606 $aBusiness 606 $aCash management 606 $aFinancial management 615 0$aBusiness. 615 0$aCash management. 615 0$aFinancial management. 676 $a650 700 $aMasari$b Mario$01648239 701 $aGianfrate$b Gianfranco$0595664 701 $aZanetti$b Laura$0437637 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910816467003321 996 $aThe valuation of financial companies$93996254 997 $aUNINA