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Economic Objectives of Banks

In: Shareholder Value in Banking

Author

Listed:
  • Franco Fiordelisi

    (University of Rome III)

  • Philip Molyneux

    (University of Wales)

Abstract

This chapter analyses the economic objectives of banks. As explained in Chapter 1, managing to create sustained and sustainable shareholder value is currently one of the main objectives in European banking. Although this view appears popular among managers and academics, it cannot be taken for granted and it may not be accepted under some circumstances. Shareholder-value maximisation implies an increase of dividends and/or of share prices: the general view that managers primarily concentrate on these targets can be subject to various criticisms.

Suggested Citation

  • Franco Fiordelisi & Philip Molyneux, 2006. "Economic Objectives of Banks," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Shareholder Value in Banking, chapter 2, pages 9-37, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-59592-7_2
    DOI: 10.1057/9780230595927_2
    as

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