Literature agrees about Basel I and II regulations' inefficiency in improving credit allocation. Recent crisis demonstrates that rating standards fails to generate an efficient asset evaluation system. This is mainly due because of bias in corporate risk estimation. Nevertheless, when dealing...

This paper investigates whether the debt quality matters and the role of debt maturity choice. At corporate level, the mismatch between the debt maturity and other performance drivers widespread unexpected risks. Shortening the maturity incentivise more liquid investments, usually the less...

The determinants of the value of entrepreneurial competences in an incomplete financial market contexts where the Entrepreneur's behaviour matters are examined. The study reveals that time is the economic link between marginal productivities of the capital assets and that of the human...

This paper investigates whether there are relationships between corporate governance characteristics, firms' performance, credit allocation and merit of credit. We hoped to find some influences of qualitative characteristics, which are often overlooked. The study look at 75,512 firms (European...

The latest financial crisis has been impressive for strength, impact, duration and reduced efficacy of the economic and financial policies adopted by the Authorities. We use an original information risk model to contribute to the analysis of the crisis and to suggest some approaches for a...

Information risk is an endogenous element of the market dynamics that can be independent from contingent levels of market efficiency. Being structural, it may require to be remunerated by a specific risk premia or by returns from specific portfolio strategies. Drivers of information risk are...

The paper proposes to intend the firm as a nexus of stakeholder, each bearing return-to-risk expectations on the overall corporate performance. All stakeholders must achieve their own satisfaction by bargaining contracts that must be sustainable, i.e. keep alive in the long term both the firm...

The need to innovate rating methodology toward an integrated approach is crucial in the Italian financial contest. At present, the banking system and the economic actors are unable to create effective and efficient information flows to react to crisis. Banks weakness derives from the adopted...