 Why Study Shareholder Value Creation in European Banking?Franco Fiordelisi and Philip Molyneux () Chapter 1 in Shareholder Value in Banking, 2006, pp 1-8 from Palgrave Macmillan Abstract: Abstract This book is concerned with the analysis of the relationship between shareholder value and its drivers in European banking markets. One might address the following four questions: 1. Why a book on ‘shareholder value’? 2. Is it necessary to have another contribution to the shareholder value debate? 3. Why banks? 4. Why in Europe? With regard to the first question, shareholder value is currently one of the most widely studied areas in finance.l Shareholder value maximisation has become the primary business goal and performance target for most companies. Although managers and practitioners have traditionally criticised the notion that the objective in decision-making should be to maximise firm value, in the last decade, they have recognised that shareholder-value maximisation is at least an important priority for firms. It is possible to answer the first question by concluding that `shareholder value' is an area of research well-defined, robust and interesting for academics, regulators and practitioners. Keywords: Data Envelopment Analysis; Customer Satisfaction; Total Factor Productivity; Stochastic Frontier Analysis; European Banking (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-59592-7_1 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan |
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