Valuing Banks in Uncertain Times: With Special Attention to Islamic Banks - Couverture souple

Schoon, Natalie

 
9781907444043: Valuing Banks in Uncertain Times: With Special Attention to Islamic Banks

Synopsis

The main question the book addresses is whether it is possible to determine the value of banks in general and Islamic banks in particular using generally available valuation models. But does this still hold in the current uncertain times? Questions that will be addressed include the suitability of price as the right benchmark, what is the impact of market psychology and how accurate are future cash flow estimations. Over the years, large numbers of academics and practitioners have looked into the valuation of companies and the different techniques that can be applied. Discounted cash flow, residual income and economic value added (EVA) are only a few of the techniques that have been researched extensively. Typically, these cover either a specific industry, or a large diverse set of listed companies, but without exception exclude financial institutions. The reasons for this exclusion are simply that the characteristics are different from other industries and the fact that financial institutions, specifically banks, are notoriously difficult to value. But are they really that difficult to value and if so, why? As a result of the global growth of the Islamic banking industry it becomes increasingly important to be able to determine the value of Islamic banks and compare their ability to create value with other banks in the industry. For Islamic banks, the estimation of parameters differs, amongst others due to the different balance sheet structure, and the lack of availability of market data.

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À propos de l'auteur

Dr. Natalie Schoon, CFA is head of product research for Bank of London and The Middle East plc (BLME). She holds a PhD in financial analysis in the area of valuation of conventional and Islamic banks, and has been working for international financial organisations since the start of her career.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Autres éditions populaires du même titre

9781904905820: Valuing Banks in Uncertain Times: With Special Attention to Islamic Banks

Edition présentée

ISBN 10 :  190490582X ISBN 13 :  9781904905820
Editeur : Spiramus Press, 2009
Couverture rigide