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The recent financial crisis has triggered an intense debate about the role of banks in society, presumably changing the criteria used in the evaluation of organizations. Against this backdrop, we investigate the changing role of banks' organizational features in shaping different dimensions of...
Persistent link: https://www.econbiz.de/10012911661
This study analyzes the effect that banks' investments in corporate social responsibility (CSR) have on bank …. Separating bank CSR activities into internally focused and externally focused ones provides evidence on how different … constituents value bank CSR activities. I find that CSR-related value creation is primarily a result of banks' external investments …
Persistent link: https://www.econbiz.de/10012321121
We investigate bank loans' specialness with a particular focus on the recent boom and bust cycle. We perform an … January 2000 and December 2009. We find a significant and negative reaction to bank loan announcements which is mostly driven … by loan provided during the crisis period. We also document significant changes in bank behavior over the boom and bust …
Persistent link: https://www.econbiz.de/10013105186
We analyze how bank profitability impacts financial stability from both theoretical and empirical perspectives. We … first develop a theoretical model of the relationship between bank profitability and financial stability by exploring the … empirical determinants of bank risks and profitability, and how the level and the source of bank profitability affect risks for …
Persistent link: https://www.econbiz.de/10012892910
In this paper we investigate the influence of banking and financial diversity on stability. We compute an index of banking diversity for Italian provinces and, drawing from network theory, we propose a measure of the diversity and development of the overall provincial financial sector. Our...
Persistent link: https://www.econbiz.de/10013321486
We investigate bank loans' specialness with a particular focus on the recent boom and bust cycle. We perform an … January 2000 and December 2009. We find a significant and negative reaction to bank loan announcements which is mostly driven … by loan provided during the crisis period. We also document significant changes in bank behavior over the boom and bust …
Persistent link: https://www.econbiz.de/10013110210
set of about 14,000 Italian firms viewed as potential applicants for bank loans in the 2006-2008 period. The methodology …
Persistent link: https://www.econbiz.de/10013089074
This study outlines a systemic review of the social and economic transformations that have been inducing the business to reconsider its traditional strategies and innovate to become sustainable. In doing so, the study adopts an original approach, focusing on the evolution in the socio-economic...
Persistent link: https://www.econbiz.de/10011714977
The financial crisis has brought about dramatic consequences for economies and societies. Questions emerge about responsibility for the crisis and, implicitly or explicitly irresponsibility; the obligations to take responsibility for the costs and other adverse effects of the recession; and the...
Persistent link: https://www.econbiz.de/10013103174
Compared to conventional mutual funds, socially responsible mutual funds outperform during periods of market crisis. This dampening of downside risk comes at the cost of under performing during non-crisis periods. Investors with Prospect Theory utility functions would value the skewness of these...
Persistent link: https://www.econbiz.de/10013065518