This paper aims to empirically test the credit risk, measured as non-performing loans, of cooperative banks which operate in a specific Italian geographic area (Lazio, Umbria and Sardegna).We perform a regression analysis over the period 1995-2009. The findings, in contrast with most of the...

This paper contributes to the literature on bank risk with a cross-sectional analysis of the bank-specific determinants of risk using a new indicator calculated for a sample of 38 Italian banks in the period 2006-2012 and expressed as flow of the amount of new non- performing loans. The results...

The valuation methodologies recognized and applied to banks are not bank-specific but are based on simplifications that result from standard methods inadequacy to capture some key variables of the intrinsic bank’s value. It is therefore necessary to define specific riskbased methodologies

The market for Italian real estate funds has been characterized in recent years by fluctuations affecting both the number of new products and their performance. It is therefore important to establish criteria for measuring the funds’ performances, based on the income return and capital growth...

Index-linked bonds are structured products whose returns depend on performance of one or more financial indexes. They can be seen as the sum of a bond and an option (derivative component).The work explores some of the issues for the evaluation of the theoretical value (or fair value) of this...

Italian banks profitability represents a focal point both for top management and supervisory authorities. It is strongly necessary to focus on: global revenues, assets composition and pricing policies; managing actively credit risk, rationalizing operating costs. Objectives can be achieved...

The ability of the traditional media to capture the attention and to influence, at least in the short term, individuals awareness of financial events is still relevant. However, social networks are now taking an increasing role in the circulation of news

Shares prices trends are often not readable and the correlation between prices, environmental variables and corporate information to the market may be unclear, as shown by a case study in the Italian Stock Exchange

Euro has recently led to a new kind of public debt described as nearlysovereign, expressed in a currency that can not be defined either national nor foreign. In fact, the currency is common, and is governed by the same central bank, but the debts belong to countries whose fiscal and budget...

This paper investigates the characteristics of the premiums of a sample of traditional and synthetic Asian Etfs traded on the Italian market Etfplus. Asynchronous trading generates large premiums.The absence of barriers to arbitrage should, however, guarantee that this mispricing between the Nav...