Efficiency and shareholder return in banking
AbstractThis paper analyses the relationship between efficiency and shareholder return (using an Economic Value-Added or EVA measure) in the French, German, Italian and UK banking systems over the period of 1999â€“2002. Various hypotheses regarding the relationship between bank efficiency and shareholder value are tested. We find that profit efficiency better explains the variations in shareholder value than cost efficiency. Stochastic Frontier (SF) cost efficiency estimates also better explain the variations in shareholder value creation than those derived from nonparametric Data Development Analysis (DEA) estimates. While cost and profit efficiency are found to be positively related to shareholder value, the bank ownership differences across countries are found to be much more important in explaining shareholder value than bank efficiency (however measured).
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Inderscience Enterprises Ltd in its journal Int. J. of Banking, Accounting and Finance.
Volume (Year): 1 (2008)
Issue (Month): 2 ()
Contact details of provider:
Web page: http://www.inderscience.com/browse/index.php?journalID=277
shareholder value; cost efficiency; profit efficiency; stochastic frontier analysis; data envelopment analysis; DEA; economic value added; EVA; shareholder return; France; Germany; Italy; UK; United Kingdom; banking systems; bank efficiency.;
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Fethi, Meryem Duygun & Pasiouras, Fotios, 2010. "Assessing bank efficiency and performance with operational research and artificial intelligence techniques: A survey," European Journal of Operational Research, Elsevier, vol. 204(2), pages 189-198, July.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Graham Langley).
If references are entirely missing, you can add them using this form.