论文信息 - EVA® FOR BANKS: VALUE CREATION, RISK MANAGEMENT, AND PROFITABILITY MEASUREMENT

EVA® FOR BANKS: VALUE CREATION, RISK MANAGEMENT, AND PROFITABILITY MEASUREMENT

This article presents a complete ranking of America's 100 largest bank holding companies according to their shareholder value added. This research, the first of its kind for the banking industry, defines an EVA measurement for banks and presents evidence of EVA's stronger correlation with bank market values than traditional accounting measures like ROA and ROE. 1996 Morgan Stanley.

Justin Pettit | J. Pettit | Dennis G. Uyemura | Charles C. Kantor | D. Uyemura

[1] Robert C. Merton,et al. THEORY OF RISK CAPITAL IN FINANCIAL FIRMS , 1993 .

[2] Irwin Ross. THE STERN STEWART PERFORMANCE 1000 , 1996 .

[3] Kenneth A. Froot,et al. Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach , 1996 .