Shareholder value creation and risks in European banks

This paper examines the determinants of shareholder value creation for a large sample of European banks. By using a panel data model, we find that bank profits and shareholder value are positively influenced by cost and profit efficiency, operational risk exposure, unexpected credit losses and financial leverage. In contrast, deposit and loan growth, liquidity risk and domestic inflation adversely impact on value creation.

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Year of publication:	2010
Authors:	Fiordelisi, Franco
Published in:	BANCARIA. - Bancaria Editrice. - Vol. 11.2010, November
Publisher:	Bancaria Editrice
Subject:	valore per gli shareholder \| efficienza \| struttura del mercato \| rischio operativo \| rischio di credito

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Extent:	text/html
Type of publication:	Article
Classification:	M41 - Accounting ; G14 - Information and Market Efficiency; Event Studies ; G21 - Banks; Other Depository Institutions; Mortgages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008926968