期刊全稱 | Banks and Shareholder Value | 期刊簡(jiǎn)稱 | An Overview of Bank | 影響因子2023 | Stephanie Gross | 視頻video | http://file.papertrans.cn/181/180752/180752.mp4 | 圖書(shū)封面 |  | 影響因子 | Foreword When CEO Joseph Ackermann set Deutsche Bank the target for 2005 of achieving at least 25% return on equity before tax, he was sending out a clear signal: Management in the German banking sector was finally realizing that it had to focus more on share- holder interests. Parallel to the discontinuation of German state guarantees, Gewa- tragerhaftung and Anstaltslast, in 2005, there was a change in owner‘s requirements on members of the largest German banking group - the Landesbanks and savings banks. Some municipalities have been increasing pressure on their institutions to create grea- ter financial value, which will then allow higher payouts. The increasing importance of shareholder value orientation in the banking sector poses at least three interesting sets of questions: ? How should one measure economic value creation (for shareholders) in banking? Does the banking sector possess any special features that have to be taken into consideration when measuring this? ? To what extent do banks‘ market values truly reflect expected shareholder value creation? Which factors are responsible for systematic deviations of a bank‘s intrin- sic value from its market value? ? What are | Pindex | Book 2006 |
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