摘要: The view on banks as investments in Croatia is challenged by two phenomena: dual holdings (owners are intensely involved bank balance sheet as, apart from equity, they provide a significant portion of deposits and loans) the impediments to determining cost equity (as only handful traded with questionable liquidity capital market). paper contributes literature applying panel regression translog function order calculate shadow for period 1994 2016. In next step, Economic Value Added was calculated taking into account holding role owners. results suggest that shareholders economic value significantly different accounting value. addition, it seems standard domestic less profitable than foreign valid perspective.
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