The Study Of Intrinsic Value Of Chaina's Listed Banks Based On Competition

Nowadays, in the situation of the fast development of economy globalization and financial integration, China's listed banks meet unprecedented competition.As the development of the Economic globalization and financial integration, the competition between banks in our country become more and more fierce. Also as the joining of the foreign banks, the captital movements of incorporating, saling, stock purchasing which is depend on the validity and veracity of the intrinsic value become more and more numerous .Therefore, the thesis study the intrinsic value of the bank which is based upon the competition.As the imortance of intrinsic value ,The thesis analyse the guideline stystem of the competition between banks first ,and work over the competition with factor analysis firstly , then discuss the intrinsic value models which depend on the traits between banks ,at last the thesis choose the Residual income model of Ohlson-Feltham to evaluate the intrinsic value .After analysis and demonstrating, we find that the the Residual income model of Ohlson-Feltham,which exist localization, can't reflect the factors of competition.Therefore, the theory adjust the Residual income model with competition,and checkout the Residual income model with regression model ,as a result, the Residual income model,which is adjusted with competition can evaluate the intrinsic value of banks more better .