Optimal capital allocation using RAROC™ and EVA®

Journal of Financial Intermediation

Volumn 16, Issue 3, 2007, Pages 312-342

  Stoughton, Neal M ^a   Zechner, Josef ^b  

^a UNIVERSITY OF CALGARY   (Canada)

^b UNIVERSITY OF VIENNA   (Austria)

Author keywords

Allocation; Banking; Capital; Cost of equity; Diversification; Divisional; Economic capital; Equity; EVA; Financial institutions; Hurdle rate; Incentives; Limits; Mechanism; Multidivisional; Outside options; Overinvestment; RAROC; Risk; Underinvestment; Value at risk

Indexed keywords

EID: 34250208044     PISSN: 10429573     EISSN: 10960473     Source Type: Journal    
DOI: 10.1016/j.jfi.2006.12.004     Document Type: Article

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