Shareholder value in banking
By: Franco Fiordelisi, Philip Molyneux.
Contributors: Molyneux, Philip.
Series: Palgrave Macmillan studies in banking and financial institutions
Publisher: Palgrave Macmillan
Published: 2006
Place of publication: New York
Language: eng
Number of pages: 342
Subjects: Banks and banking -- Valuation; Financial institutions -- Valuation; Risk management
Description: Creating sustainable shareholder value is currently recognised as one of the main strategic objectives for financial institutions. Generating stable shareholder value growth requires an intense focus on delivering benefits to customers in the most efficient way, hiring and retaining a motivated workforce, maintaining excellent supplier relationships, and being a good corporate citizen in each of the company's local communities. This book provides a detailed analytical assessment of shareholder value creation in banking. The first part of the text provides a framework for analysing shareholder value theory by discussing how shareholder value can be defined, if it can be considered a valid strategic objective for banks, how shareholder value can be measured and how it can be created. The second part of the text present various empirical investigations in to order to measure shareholder value and some of its drivers. The final part analyses the importance of these drivers in creating shareholder value and also briefly develops a new measure of bank efficiency. This is the most extensive coverage on shareholder value in banking to date and will be extremely valuable to both financial sector practitioners and academics in the field of banking and finance.
Notes: Includes bibliographical references and index.