Hsu, Judy; Li, Kuo-An - In: Journal of Productivity Analysis 40 (2013) 1, pp. 137-151
This paper uses Risk-Adjusted Return on Capital (RAROC) to assess the performance of 14 financial holding companies (FHCs) in Taiwan. RAROC value indicates a firm’s performance after considering the market risk effect, and gives a better measurement of the firm’s operational productivity...