The financial crisis focused investors interest towards a sustainable ethical finance. Greater attention to environmental protection led to the spread of a new kind of finance, or ecological finance, with the development of some specific categories of ethical funds based on an environmental and...

This paper examines the characteristics and the critical aspects of the Italian Asset management industry. It reports the results of interviews conducted with 21 mutual fund managers working in 10 of the most important Italian asset management companies.The focus is mainly on the relationship...

Previous researches have demonstrated that consumer decisions could be affected by some biases in the supplementary pension field. Decisionmaking is very often not guided by rationality, and in many cases, if forced to choose, people will decide not to decide, passively accepting the decisions...

Despite the decline during the crisis, Italian households savings rate is in line with major European countries and higher than Us and Uk. Conservative portfolios allowed, during the crisis, to contain volatility and to protect wealth, but they are not an optimal choice for recovery. It is...

The radical change, induced by the crisis, which is affecting the distribution has produced a greater supply of products and services to customers, stressing the importance of factors such as the growth in services revenues and the need to cut costs. In the new context, the supply of products...

Through a research based on a sample of 52 Italian hedge funds in the 2006-2010 period, the role of managerial incentives and discretion in hedge fund performances is analyzed. The study’s results contradict those achieved by Agarwal, Daniel and Naik in 2009, by demonstrating that in Italy the...

Recent researches on Real Estate Funds Financial Assets analyze the distinctive features and structure of Italian Reits outlining the role of shareholdings, debt and Oicr assets

Current developments of hedge funds market demonstrate the relevance of operative and market risk exposure measurement. VaR represents the more widespread approach adopted for measuring the market risk and it could be used jointly with other measures in order to overcome some forecasting limits...

The Basel deadlines concerning the second pillar and the international crisis have emphasized the problem of a reliable measure of the credit concentration risk. Nevertheless, there is not yet a best practice and several approaches have been proposed. After a survey about the framework, the...

The process of innovation involves the introduction in the Italian market of new financial instruments, sometimes even before the adoption of a specific civil and fiscal discipline. This is the case of Exchange Traded Commodities, financial hybrid instruments traded on the Etf plus market of the...