Managing Financial Institutions : An Integrated Valuation Approach

ISBN : 9789819813780

Author : Michael Pagano

Publisher : World Scientific

Year : 2025

Language : English

Type : Book

Description : This book takes a novel approach to solving a financial manager's problems by applying a valuation focus to the firm's risk management decisions. Rather than concentrating solely on defining and measuring a bank's risks, our book goes a step further by explicitly considering how these risks can impact the market value of the bank from a shareholder's perspective. The book uses an integrated valuation framework which quantifies the costs and benefits of how a bank should manage its main risks associated with key functions such as lending, investing, financing, and liquidity provision. The book's hands-on approach to learning also incorporates useful tools for student learning

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