Shareholder Value in Banking

FRANCO FIORDELISI (MA, PhD) is Lecturer in Banking and Finance at the Faculty of Economics 'Federico Caff?' of the University of Rome III, Italy. His main research interest relates to the economics of banking and other financial institutions focusing on efficiency, productivity and shareholder value creation. His research has been published by Applied Economics, ABI and leading Italian academic journals. He has acted as a consultant to many banks, leasing and factoring companies. PHILIP MOLYNEUX is currently Professor in Banking and Finance and Director of the Institute of European Fina

Sustainable shareholder value is a main strategic objective for financial institutions. This text provides an analytical assessment of shareholder value creation, providing a framework for analyzing theory, and presenting empirical investigations. It analyzes the importance of drivers in creating value and develops a new measure of bank efficiency.Sustainable shareholder value is a main strategic objective for financial institutions. This text provides an analytical assessment of shareholder value creation, providing a framework for analyzing theory, and presenting empirical investigations. It analyzes the importance of drivers in creating value and develops a new measure of bank efficiency.