This study presents the first attempt to develop classification models for the prediction of share repurchase announcements using multicriteria decision aid (MCDA) techniques. We use three samples consisting of 434 UK firms, 330 French firms, and 296 German firms, to develop country-specific...

The purpose of this paper is to examine whether the stock performance of EU listed banks is related to their efficiency. Our sample consists of 171 banks operating in 15 EU markets over the period 2002-2006. First, we use stochastic frontier analysis to estimate the cost and profit efficiency of...

The recent crisis highlighted, once again, the importance of early warning models to assess the soundness of individual banks. In the present study, we use six quantitative techniques originating from various disciplines to classify banks in three groups. The first group includes very strong and...

For the banking sector in the EU, the UK is one of the most important countries, since over a quarter of all banking assets in the EU are held in the UK and it is the largest single international banking centre, accounting for 20% of the world's cross-border lending. The UK banking sector has...

The Balanced Scorecard (BSC) methodology focuses on major critical issues of modern business organisations: the effective measurement of corporate performance and the evaluation of the successful implementation of corporate strategy. Despite the increased adoption of the BSC methodology by...