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Shareholder Value-Orientated Quality Management in Banks

In: Shareholder Value Management in Banks

Author

Listed:
  • Mandy Krafczyk

    (Catholic University of Eichstätt in Ingolstadt)

Abstract

The general change from stakeholder to shareholder management in Germany at the beginning of the 1990s1 also increasingly concerns the banking industry. Reasons for this are the globalization and harmonization of financial markets and the associated stronger competition around investors, who are increasingly professional and are themselves subjected as institutional investors to permanent performance pressure. In addition, in particular in Germany, managers orientate themselves at traditional sizes of accounting, like net earnings for the year, earnings per share, and from accounting sizes derive ratios, like return on equity, return on investment, which seem to be unsuitable for performance rating and capital allocation due to their potential for manipulation.2 Value-orientated management is therefore considered as a widely accepted norm today.3

Suggested Citation

  • Mandy Krafczyk, 2000. "Shareholder Value-Orientated Quality Management in Banks," Palgrave Macmillan Books, in: Leo Schuster (ed.), Shareholder Value Management in Banks, chapter 4, pages 55-81, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-98174-0_4
    DOI: 10.1057/9780333981740_4
    as

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