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