Gesamtbanksteuerung - theoretische und empirische Analyse des Status Quo in der Bundesrepublik Deutschland, Österreich und der Schweiz
Scientists and banking industry experts agree that shareholder value orientation requires to have comprehensive financial control including risk management and capital budgeting in place. We analyse, to what extent German, Austrian and Swiss banks have implemented the multiple, complex theoretical concepts of measuring market, credit and operational risk as well as capital budgeting. The empirical study focuses on universal banks. We analyse, if there is evidence for different financial goals and according differences in the financial control system due to different equity-/ shareholders of private, savings and rural banks.