University of Twente Student Theses
The Relation Between Corporate Values and Firm Performance of the World's 142 Largest Banks
Asma, Steven (2018) The Relation Between Corporate Values and Firm Performance of the World's 142 Largest Banks.
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| Abstract: | This paper examines the relation between corporate values and firm performance of the largest banks in the world. The firm performance is determined by means of the MTB ratio and the corporate values are quantified in the CV-Index which are then put in a regression analysis to test the relation. Three MTB categories are formulated, namely banks with every MTB, underperforming banks (MTB < 1) and better performing banks (MTB > 1). The results show that for all the banks in the sample and for underperforming banks, there is no significant relation, whereas for better performing banks there is a significant relation. Next to this, the results show that there is no relation between the use of a specific set of corporate values and firm performance. This is the case for all the three MTB categories. The last empirical result from this research shows that the continent where the banks are situated has a positive influence on the relation between corporate values and firm performance. The findings of this research help other scholars to not blindly assume that because previous research showed that corporate values have a positive relation to firm performance, it also withholds for every industry. |
| Item Type: | Essay (Bachelor) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 85 business administration, organizational science |
| Programme: | International Business Administration BSc (50952) |
| Link to this item: | https://purl.utwente.nl/essays/75383 |
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