The Research On The Measurement Method Of Intangible Capital In The Banks

There exist difference between the market value and the book value of the bank over a long period of time which called premium price of bank without in the balance sheet of the bank. In the long-term the premium price of bank is equal to the difference between current value that folded by the cash flow and historical book value. Two kind of property which includes visible material capital and intangible capital which held by bank is expected to bring the cash flow in the future for the business. The market value of the bank decided by summation of the current value which folded by cash flow in the future which come from two kind of capital. Intangible capital which is an invisible resource such as knowledge, information, experience which used by bank can bring the cash flow in the future. So the market value of bank increases. Intangible capital also have the two characteristics of the general capital: 1) the bank can control the capital; 2) the bank can expect to catch cash flow in the future. However, material capital is a kind of invisible resource which obtains the cash flow in the future. That is to say, premium price of bank is equal to amount of the current value which folded by cash flow in the future which come from the two kind of capital over the bank balance sheet's book value. If the Tobin q is reasonable in a long period of time, the premium price of bank is equal to the amount that the replacement cost value net asset pluses the value of intangible capital, then subtract the book value of the net asset. Obviously, if we can not leave out any kind of any kind of visible capital or intangible capital that bank own, the market value of the bank is the current value that folded by the cash flow which obtain from all of his capital. Because it is difficult to be measured, the value of the intangible capital has to be neglect. Nowadays premium price of bank expand to large continuously. Lack of the dependable method of intangible capital value, we can not find the reason to premium price of bank. It is clear that the existence of the bank premium price mainly attributes to the value of the bank intangible capital. Thus this paper research the model to evaluate intangible capital value that can untie the riddle of the bank premium price. Firstly, this paper gives an overall overview to the measurement of intangible capital value. Secondly, the existence and reasonableness of intangible capital which permeates into the bank activity can be clarified. Thirdly, in the point of statistics view, a model can be established that make the statistics and Tobin's q banded together to evaluate the total value of the intangible capital. Fourthly, combined with the skandia navigate model and characteristics of the banking and Comprehensive evaluation model of Fuzzy, every kind of intangible capital can be evaluated. Lastly, Economic additional value method is applied into evaluating the intangible capital. Especially, we make use of the valuation method of Black-Scholes model to evaluate intangible capital.