| 摘要 | 第1-15页 |
| ABSTRACT | 第15-16页 |
| INTRODUCTION | 第16-18页 |
| CHAPTER ONE: CORPORATE VALUATION THEORY AND MODELS | 第18-26页 |
| ·Basic concepts on corporate value and valuation | 第18-20页 |
| ·How to understand corporate value | 第18页 |
| ·Literature review | 第18-20页 |
| ·Corporate valuation models and the applicability analysis | 第20-26页 |
| ·Cost approach of corporate valuation | 第20-21页 |
| ·The market approach of corporate valuation | 第21-22页 |
| ·The cash flow discounting approach of corporate valuation | 第22-24页 |
| ·The residual income approach of corporate valuation | 第24-26页 |
| CHAPTER TWO: VALUATION OF COMMERCIAL BANKS | 第26-30页 |
| ·The micro structure of commercial banks valuation | 第26-28页 |
| ·Financial statements of commercial banks | 第26-27页 |
| ·Operation activities of banks | 第27页 |
| ·Risk management of banks | 第27-28页 |
| ·Regulations and laws | 第28页 |
| ·Applications of cash flow approach and residual income approach on commercial bank valuation | 第28-30页 |
| ·Why not cost approach | 第28页 |
| ·Application of cash flow approach of valuation | 第28-29页 |
| ·Application of residual income approach | 第29-30页 |
| CHAPTER THREE: CHINA COMMERCIAL BANKS VALUATION | 第30-44页 |
| ·The reform of Chinese banking systems | 第30-32页 |
| ·The main steps of the shareholding system reform | 第30-31页 |
| ·The government role in the reform | 第31页 |
| ·The outstanding outcomes | 第31-32页 |
| ·Efficiency analysis of China capital market | 第32-33页 |
| ·FCFE approach and residual income approach application | 第33-40页 |
| ·Free cash flow to equity | 第34-36页 |
| ·Residual income | 第36页 |
| ·Growth rate | 第36-37页 |
| ·Discount rate estimation | 第37-39页 |
| ·Terminal value | 第39页 |
| ·Forecasting horizon | 第39-40页 |
| ·Applications and cases of China listed commercial banks | 第40-44页 |
| ·Data | 第40页 |
| ·Valuation of Bank of China applying FCFE method | 第40-42页 |
| ·Valuation of Bank of China applying residual income method | 第42-43页 |
| ·Valuation of SPDB applying FCFE method | 第43-44页 |
| CHAPTER FOUR: STRATEGIC MANAGEMENT FRAMEWORK BASED ON THE VALUATION MODEL | 第44-65页 |
| ·Motivation | 第44-46页 |
| ·Value driver extraction of commercial banks | 第46-48页 |
| ·Variable analyses in the regression model | 第48-53页 |
| ·Dependent variables | 第48-49页 |
| ·Independent variables | 第49-53页 |
| ·A strategic Management framework | 第53-65页 |
| ·Data and sample information | 第53-54页 |
| ·Regression model | 第54-55页 |
| ·Results of regression and results analysis | 第55-65页 |
| CONCLUSION | 第65-66页 |
| REFERENCES | 第66-69页 |
| 后记 | 第69-70页 |
