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Why Study Shareholder Value Creation in European Banking?

In: Shareholder Value in Banking

Author

Listed:
  • Franco Fiordelisi

    (University of Rome III)

  • Philip Molyneux

    (University of Wales)

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.

Suggested Citation

  • Franco Fiordelisi & Philip Molyneux, 2006. "Why Study Shareholder Value Creation in European Banking?," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Shareholder Value in Banking, chapter 1, pages 1-8, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-59592-7_1
    DOI: 10.1057/9780230595927_1
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    Cited by:

    1. Ivan Huljak & Reiner Martin & Diego Moccero, 2021. "Bank productivity in CESEE countries," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue Q2/21, pages 83-104.
    2. Ivan Huljak & Reiner Martin & Diego Moccero, 2022. "The productivity growth of euro area banks," Journal of Productivity Analysis, Springer, vol. 58(1), pages 15-33, August.

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