Corporate Culture and Shareholder Value in Banking Industry
作者： Alessandro Carretta , Vincenzo Farina , Franco Fiordelisi , Paola Schwizer
DOI: 10.2139/SSRN.1343674
关键词:
摘要: This paper analyses the casual relationship between corporate culture and shareholder value using a sample of large banks in French, German, Italian U.K. banking systems over 2000 to 2003 period. Firstly, we measure an Economic Value Added estimated through procedure tailored account for peculiarities. Secondly, language as its particular artifact developing cultural survey based on application text-analysis model corpus reference texts produced by banks. We posit six hypotheses regarding bank profits value. Our results noticeably show that benefit from different orientations culture.
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