The financial crisis and the proposed changes in bank regulation seem to have inverted the trend of declining capital ratios and lower quality capital base which emerged from 2005 to 2007, especially for large Italian listed banks, and have stopped the generous dividend payouts. The recent...

The entrepreneur is an innovator devising, creating, destroying and starting again a business. In a deep changed world, the development of a firm is influenced by the relationship with the financial market and the banks that also in the next years will have a significant role in the financing...

The discipline of Operational Risk requires information about loss events that have occurred in our own company and in other entities. This has thus led to the creation of various international interbank consortia for operational risk loss data collection and the exchange of information between...

In order to bounce back to high levels of profitability banks should consider «cost culture» as a strategic element in their operating model.The best players will be able to intervene progressively, defining a new comprehensive, lean and efficient governance cost model, leading to strategic...

The literature that examines target prices issued by equity research analysts is vast, and the role of the analytical process and valuation model used to determine target prices has received growing attention by scholars. However, the specific evidence that indicates how professional analysts...

In recent years, many companies, also in the banking sector, are adopting more developed operational risk management models, responding to the logic of a rational business growth and in line with their risk appetite

The on-going asset-quality review process implemented by the European Central Bank may seriously affect the possibility of easing bank credit. This paper examines debt and profitability of firms in the four major countries of the Euro area, using data available in Bach database from 2000 to...

Multiple lending relationships, largely common in Italian markets, are a practice that should evolve towards lesser fragmentation and an improvement of credit evaluation

Cooperative banking has produced, in more than a century, significant value in terms of proximity to clients and local communities. A governance reform is now necessary to solve interest conflicts and redefine the cooperative model in the present scenario

The Basel Agreements, designed to pursue financial stability, have been instead a cause of instability, revealing fundamental analytical and operational weaknesses. The idea to define a constant capital ratio through complex statistical models implies serious dangers. A radical change is...