Advisor(s)
Abstract(s)
O objectivo desta pesquisa é rever a teoria, a prática e as condições de aplicação de modelos de avaliação de instituições bancárias. O trabalho centra-se na revisão da literatura relevante. Foi dado maior ênfase aos modelos de avaliação baseados em fluxos financeiros actualizados, discounted cash flow. Também serão parcimoniosamente revistos os métodos designados por Relative Valuation e Fundamental Valuation.
O banco é simultaneamente um intermediário financeiro, uma empresa e uma entidade submetida a uma intensa supervisão regulatória. Esta sua natureza tem implicações muito relevantes na escolha e nas condições de aplicação dos modelos de avaliação dos bancos.
The aim of this survey is to review the Bank valuation literature focusing on Discounted Cash flows assess models. However, the survey will also include a brief revision of the application of the relative valuation and Fundamental Valuation models to financial institutions. . Banks have three major dimensions that are relevant for the choice of an adequate valuation model. In particular banks can be viewed as: (1) Financial Institutions; (2) Enterprises and (3) regulated entities. These dimensions have important implications on the choice and applicability of valuation models for banks Key words: Bank; Cash flow and valuation models.
The aim of this survey is to review the Bank valuation literature focusing on Discounted Cash flows assess models. However, the survey will also include a brief revision of the application of the relative valuation and Fundamental Valuation models to financial institutions. . Banks have three major dimensions that are relevant for the choice of an adequate valuation model. In particular banks can be viewed as: (1) Financial Institutions; (2) Enterprises and (3) regulated entities. These dimensions have important implications on the choice and applicability of valuation models for banks Key words: Bank; Cash flow and valuation models.
Description
Keywords
Banco Cash flow e modelos de avaliação