Schmaltz, Christian; Lueg, Rainer; Agerholm, Jesper - In: The international journal of business science & applied … 14 (2019) 1, pp. 35-50
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...
