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Valuing Customer Portfolios under Risk-Return-Aspects: A Model-based Approach and its Application in the Financial Services Industry
16 references·9 citing·42 second hop
Valuing Customer Portfolios under Risk-Return-Aspects: A Model-based Approach and its Application in the Financial Services Industry (2008)Valuing Customer Portfolios under Risk-Re…Managing Business Relationships (2017)Managing Business Relationshi…RFM and CLV: Using Iso-Value Curves for Customer Base Analysis (2005)RFM and CLV: Using Iso-Value …Making Customer Relationship Management Work: The Measurement and Profitable Management of Customer Relationships (2005)Making Customer Relationship …Customer Satisfaction, Cash Flow, and Shareholder Value (2005)Customer Satisfaction, Cash F…Customer Portfolio Management: Toward a Dynamic Theory of Exchange Relationships (2004)Customer Portfolio Management…A Customer Lifetime Value Framework for Customer Selection and Resource Allocation Strategy (2004)A Customer Lifetime Value Fra…What Is the True Value of a Lost Customer? (2003)What Is the True Value of a L…Conceptualising 'value for the customer': an attributional, structural and dispositional analysis (2003)Conceptualising 'value for th…Linking Customer Assets to Financial Performance (2002)Linking Customer Assets to Fi…Customer value: The next source for competitive advantage (1997)Customer value: The next sour…The Role of Conditioning Information in Deducing Testable Restrictions Implied by Dynamic Asset Pricing Models (1987)The Role of Conditioning Info…Creating Shareholder Value: A Guide for Managers and Investors (1986)Creating Shareholder Value: A…Financial Theory and Corporate Policy. (1980)Financial Theory and Corporat…An Intertemporal Capital Asset Pricing Model (1973)An Intertemporal Capital Asse…Portfolio Selection: Efficient Diversification of Investments. (1962)Portfolio Selection: Efficien…Portfolio Selection: Efficient Diversification of Investments (1959)Portfolio Selection: Efficien…How can Artificial Intelligence (AI) be used to manage Customer Lifetime Value (CLV)—A systematic literature review (2024)How can Artificial Intelligen…Applying hybrid machine learning algorithms to assess customer risk-adjusted revenue in the financial industry (2022)Applying hybrid machine learn…Relationship Characteristics and Cash Flow Variability (2013)Relationship Characteristics …A marketing view of the customer value: Customer lifetime value and customer equity (2013)A marketing view of the custo…Developing a measure of risk adjusted revenue (RAR) in credit cards market: Implications for customer relationship management (2012)Developing a measure of risk …CR2M—an approach for capacity control considering long-term effects on the value of a customer for the company (2011)CR2M—an approach for capacity…Customer portfolio management in e‐commerce: an analytical model for optimization (2010)Customer portfolio management…Customer Lifetime Value: Entwicklungspfade, Einsatzpotenziale und Herausforderungen (2009)Customer Lifetime Value: Entw…IT Sourcing Portfolio Management for IT Services Providers - A Risk/Cost Perspective (2008)IT Sourcing Portfolio Managem…A Conceptual Model of Service Quality and Its Implications for Future Research (1985)Consumer Perceptions of Price, Quality, and Value: A Means-End Model and Synthesis of Evidence (1988)Assessing the effects of quality, value, and customer satisfaction on consumer behavioral intentions in service environments (2000)Consumer perceived value: The development of a multiple item scale (2001)Consumer Trust, Value, and Loyalty in Relational Exchanges (2002)Advances in Consumer Research (2025)Customer lifetime value: Marketing models and applications (1998)On the Profitability of Long-Life Customers in a Noncontractual Setting: An Empirical Investigation and Implications for Marketing (2000)The Impact of Customer Relationship Characteristics on Profitable Lifetime Duration (2003)Expanding the Role of Marketing: From Customer Equity to Market Capitalization (2009)Analytics for Customer Engagement (2010)Consumer Heterogeneity and Paid Search Effectiveness: A Large-Scale Field Experiment (2015)The Commitment-Trust Theory of Relationship Marketing (1994)Return on Marketing: Using Customer Equity to Focus Marketing Strategy (2003)Customer Engagement as a New Perspective in Customer Management (2010)Toward a theory of customer engagement marketing (2016)Understanding Customer Experience Throughout the Customer Journey (2016)Econometric Analysis of Panel Data (2021)Zero defections: quality comes to services. (1990)A National Customer Satisfaction Barometer: The Swedish Experience (1992)Earnings, Book Values, and Dividends in Equity Valuation* (1995)Customer Satisfaction and Stock Prices: High Returns, Low Risk (2005)A Longitudinal Analysis of Customer Satisfaction and Share of Wallet: Investigating the Moderating Effect of Customer Characteristics (2006)The Value of Different Customer Satisfaction and Loyalty Metrics in Predicting Business Performance (2006)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)Common risk factors in the returns on stocks and bonds (1993)The arbitrage theory of capital asset pricing (1976)Time-varying conditional covariances in tests of asset pricing models (1989)Distribution-free estimation of some nonlinear panel data models (1999)The conditional CAPM does not explain asset-pricing anomalies☆ (2006)How should companies interact in business networks? (2002)The construction industry as a loosely coupled system: implications for productivity and innovation (2002)Risk in supply networks (2003)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)Multifactor Explanations of Asset Pricing Anomalies (1996)Organizational Culture: Can It Be a Source of Sustained Competitive Advantage? (1986)Diversification's effect on firm value (1995)Shareholder value, stakeholder management, and social issues: what's the bottom line? (2001)
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References

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  • 2003Conceptualising 'value for the customer': an attributional, structural and dispositional analysis387 cited
  • 2003

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What Is the True Value of a Lost Customer?
275 cited
  • 2002Linking Customer Assets to Financial Performance207 cited
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