Did the Comprehensive Assessment (CA), preceding the Single Supervisory Mechanism's launch in Europe, achieve its aims of producing new valuable information for the market? We show that the CA achieved the goal of increasing transparency: investors were able to detect weak banks at the...

Financial instruments in levels 2 and 3 for accounting purposes are complex and opaque products and their evaluation is problematic. The amount of these assets held by banks in Europe is exceptionally high (€3 trillion in 2019) and there is no empirical evidence as to the extent, if at all, to...

In the last decade, most credit-industries registered a decline in lending volumes, with the exception of the factoring industries that instead registered a substantial increase. Surprisingly, only a handful of papers so far investigate factoring companies. Do factoring firms display the same...

English Abstract: The Comprehensive Assessment showed a significant difference between regulatory capital ratios reported by banks and those calculated by the Ecb. The paper analyzes the factors associated to this distortion and the results show that the gap is lower for banks operating in a...

This book focuses on political connections in the United States. It contributes to the literature on the link between politics and business, and on the impact of political connections on firm value, by considering industry-level regulation as a discriminating factor in the investigation of firm...