Shareholder Value in Banking

Franco Fiordelisi, Philip Molyneux

350 pages, parution le 15/05/2006

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Résumé

Creating sustainable shareholder value is one of the main strategic objectives for financial institutions. This text provides a detailed analytical assessment of shareholder value creation. The first part provides a framework for analyzing shareholder value theory by discussing how shareholder value can be defined, if it can be considered a valid strategic objective for banks, and how it can be measured and created. The second part presents various empirical investigations in to order to measure shareholder value and some of its drivers. The final part analyzes the importance of these drivers in creating shareholder value and develops a new measure of bank efficiency.

L'auteur - Franco Fiordelisi

Franco Fiordelisi (MA, PhD) is Lecturer in Banking and Finance at the Faculty of Economics 'Federico Caffè' of the University of Rome III, Italy. His main research interest relates to the economics of banking and other financial institutions focusing on efficiency, productivity and shareholder value creation. His research has been published by Applied Economics, ABI and leading Italian academic journals. He has acted as a consultant to many banks, leasing and factoring companies.

L'auteur - Philip Molyneux

Philip Molyneux is currently Professor in Banking and Finance and Director of the Institute of European Finance at the University of Wales, Bangor, UK. He has published widely in the banking and financial services area. His most recent texts are Arab Banking and Financial Systems (Palgrave Macmillan, 2004) and Thirty Years of Islamic Banking (Palgrave Macmillan, 2005) both co-written with Munawar Iqbal from the Islamic Development Bank, Jeddah.

Sommaire

Preface
Why Study Shareholder Value Creation in Banking?
Economic Objectives of Banks
Shareholder Value: A Literature Review
How Banks Create Shareholder Value
Bank Performance Measures and Shareholder Value
Measuring Shareholder Value Drivers in Banking
Determinants of Shareholder Value in European Banking and Shareholder Efficiency
Conclusions
Notes

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Palgrave
Auteur(s)	Franco Fiordelisi, Philip Molyneux
Parution	15/05/2006
Nb. de pages	350
Format	14,5 x 22
Couverture	Relié
Poids	555g
Intérieur	Noir et Blanc
EAN13	9781403996664