A tribute to the work and thought of Tancredi Bianchi, whose teaching is distinguished by depth of analysis, communication skills, real contact with the world of finance and business. The editorial initiative of Bancaria Editrice, edited by Mario Comana and Marina Brogi, collects in three...

This paper analyses the X-efficiency level of Italian Asset Management Companies (Amc).This topic seems really important since there is a huge amount of literature that deals with X-efficiency with regard to the banking system; the aim of these works is to discover which factors can improve the...

The paper explores the motivations underlying the securitization activity of Italian banks from 1999 to 2006. By estimating probit and proportional hazard duration models, in which the probability of placing securitizations is linked to a set of balance sheet indicators and a vector of further...

The relevant development of Islamic finance is undisputable, but an evaluation is still uncertain because it is a recent experience that may involve moral, economic and financial characteristics. Furthermore, adherence to ethical principles borrowed from Islamic law must often face the...

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 research analyzes the relevance of pricing models to the behaviour of banking service customers, in particular, how bank pricing models influence the acquisition and retention of retail customers.The survey is based on a dataset of 90,000 bank current account holders at an Italian...

The last two years have stressed how special and important banks are. When the financial system fails, the whole economic system is affected. The financial sector has undergone an unprecedented wave of innovation, change, consolidation and now crisis. We now have a better understanding of the...

The crisis did not affect the ability of Italian banks to maintain the employment and professional level, with a growing female presence. In terms of international competitiveness, the labour cost structure remains a weak point, with a cost-income ratio above the European average.Among the...

In the current scenario M&A activities could not be still considered as extraordinary events. Concentrations choices are not only driven by cost rationalization and profit maximization purpose and today they could be realized in order to specialize the business model, optimize the technology...

Corporate relationship banking in Italy is investigated through an empirical analysis centered on seven banking groups of different sizes. It highlights the new strategic phase of corporate banking after the crisis, in particular with regard to the adoption of more selective credit lending...