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Does Corporate Culture Affect Shareholder Value? Evidence from European Banking

In: New Drivers of Performance in a Changing Financial World

Author

Listed:
  • Alessandro Carretta
  • Vincenzo Farina
  • Franco Fiordelisi
  • Paola Schwizer

Abstract

This chapter presents an empirical investigation of the relationship between bank performance and corporate culture in European banking using a sample of quoted banks over the period 2001–03. There is a substantial literature dealing with bank performance and shareholder value,2 but few studies have attempted to conduct an empirical analysis of the relationship with business conditions that may lead to create shareholder value.

Suggested Citation

  • Alessandro Carretta & Vincenzo Farina & Franco Fiordelisi & Paola Schwizer, 2009. "Does Corporate Culture Affect Shareholder Value? Evidence from European Banking," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Alessandro Carretta & Franco Fiordelisi & Gianluca Mattarocci (ed.), New Drivers of Performance in a Changing Financial World, chapter 9, pages 149-175, Palgrave Macmillan.
  • Handle: RePEc:pal:pmschp:978-0-230-59481-4_9
    DOI: 10.1057/9780230594814_9
    as

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