Valuing Banks

Federico Beltrame is Lecturer in Banking and Financein the Department of Economics and Statistics, University of Udine, Italy. Heholds a PhD in Business Science from the same University. His main researchinterests are related to SMEs’ cost of capital, banks’ capital structure andMutual Guarantee Credit Institutions. Daniele Previtali is post-doc fellow and lecturer atLuiss Guido Carli University, Rome, Italy. He holds a Ph.D. in Banking and Financefrom University of Rome, Tor Vergata, Italy. In 2012, he was a visiting PhDcandidate at Stern School of Business, New York, USA. His main researchinterests concern banks valuation, banks’ capital structure and innovation.

• 1) Valuation in Banking: Issues and Models.- 2) Value, Capital Structure and Cost of Capital: A Theoretical Framework.- 3) Measuring the Cash Flows of Banks: the FCFA Asset Side Approach.- 4) The Cost of Capital of Banks: Theories and Empirical Evidences.- 5) Banks’ Asset-Side Multiples: Profitability, Growth, Leverage and Deposits Effect.- 6) A Comparison Among Valuation Metrics on a Real Case.