During the last few decades, the shareholder value approach has been the management concept that has most significantly shaped today’s economies and the way companies do business. In fact, shareholder value has become the pre-eminent performance indicator for companies worldwide, and maximizing shareholder value represents the ultimate directive for managerial decisions in all industries and, in particular, in banking.1


Residual Income Sample Bank Branch Structure Discount Cash Flow Discount Cash Flow 
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© Deutscher Universitäts-Verlag | GWV Fachverlage GmbH, Wiesbaden 2006

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