Efficiency and shareholder return in banking
This 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).
If 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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 1 (2008)
Issue (Month): 2 ()
|Contact details of provider:|| Web page: http://www.inderscience.com/browse/index.php?journalID=277|
When requesting a correction, please mention this item's handle: RePEc:ids:injbaf:v:1:y:2008:i:2:p:114-132. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Darren Simpson)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.