Value-based management in banking: The effects on shareholder returns

In this study, we explore the drivers of total shareholder returns (TSR) in commercial banks, and investigate whether banks subscribing to Value-based Management (VBM) outperform the non-adopters in terms of TSR. We estimate a TSR model using data from 132 listed commercial European and North Americ...

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Bibliographic Details
Main Authors: Christian Schmaltz, Rainer Lueg, Jesper Agerholm, Kasper Wittrup
Format: Article
Language:English
Published: International Journal of Business Science and Applied Management 2020-07-01
Series:International Journal of Business Science and Applied Management
Subjects:
Online Access:https://www.business-and-management.org/paper.php?id=134