Value creation in the Greek banking sector

Part of : Αρχείον οικονομικής ιστορίας ; Vol.XXIV, No.2, 2012, pages 7-22

Issue:
Pages:
7-22
Author:
Abstract:
This paper investigates for the first time the determinants of shareholder value creation focusing on Greek banks over the period 2005-2009. The estimation results show that credit risk factor has a negative influence on shareholder value creation while leverage is also found to be inversely related to shareholder value creation. Other factors such as cost management, market share and diversification of income seem to not affect significantly shareholder value.
Subject:
Subject (LC):
Keywords:
Banking, Shareholder value, Residual income
Notes:
JEL classification: M41, G21
References (1):
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