A large number of studies (DeYoung et al., 2009) analyze merger outcomes in the financial industry, while other forms of business cooperation are still poorly investigated. Our paper examines results of strategic alliances and joint ventures in European and US banking over the period...

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...

ABI, through the European Banking Report, and Ubs have recently conducted a survey on the opportunities, risks and market trends of Italian banks for next three years addressed to top managers of 32 Italian banking groups and 34 international institutional investors.The responses of the 4 major...

By analysing the macro financial determinants of the Great Financial Crisis of 2007-2009 on 83 countries, we find that the probability of suffering the crisis in 2008 was larger for countries having higher levels of credit deposit ratio whereas it was lower for countries having higher levels of:...

The relationship between economic activity and the banking sector has always been one of the central themes in both the academic and practitioners debates. In this work we present a methodological tool of macro stress tests, focused on Italy. We estimate an autoregressive model (Var) to assess...

Despite some recent signs of stabilization, the 2012-2014 ABI Financial Outlook Report highlights that the global economic situation remains fragile. Domestically, Gdp will further decline in 2013 and it is expected to return to a very slow growth only in 2014. Bank’s profitability continues...

The financial crisis has stimulated researches on the link between risk models and banking business, showing that banks with greater profitability deriving from traditional activity have less chancee to be involved in a crisis. This hypothesis is confirmed by an analysis conducted on a sample of...

By means of a simulated funding-agency/supported-firm stochastic dynamic game, this paper firstly shows that not only the level of R&D performed by firms is underprovided (as maintained by traditional literature on the subject), but also the level of the subsidy provided by the funding (public)...

The aim of this paper is twofold: on one hand, from a methodological-statistical perspective, it develops a responsiveness-based index for a series of input factors on a specific target variable (assumed to capture the phenomenon the analyst wishes to look at), by means of an extended version of...