Reputation is a key asset for any company whose affairs, like those of banks, are based on trust. Despite its importance, the number of studies dealing with reputational risk in the financial industry is still limited. We estimate the reputational impact of announced operational losses for a...

The study analyzes the relationship between the board diversity and some profiles of the operating performance of BoD.The research is based on a sample of 237 Italian listed firms during the period 2007-2009.The results show a positive relationship between the monitoring activity and the...

With the establishment of an integrated Banking Union, the harmonization of supervisory styles (regulation being equal) plays a central role. Our paper addresses a central question: what supervisory culture has been demonstrated to be most effective at ensuring the stability of European banks?...

This paper analyses the casual relationship between corporate culture and shareholder value using a sample of large banks in the French, German, Italian and U.K. banking systems over the 2000 to 2003 period. Firstly, we measure shareholder value using an Economic Value Added estimated through a...

There are many studies demonstrating how good corporate governance positively affects the economic-financial performance of companies, but few which examine the relationship between corporate governance and cost of equity capital. These mainly focus on multiple industries, and suggest that there...

The recent financial crisis in Europe has been followed by a significant decrease in credit flows to nonfinancial enterprises. This article investigates demand and supply of loans using data from surveys. Our econometric analysis suggests that recent <italic>European Central Bank</italic> (ECB) policy has...

The paper aims to evaluate the quality of the corporate governance information published by Italian listed banks in the period 2010-2012. The results may interest banks, regulators and supervisors to highlight possible areas of improvement. It can also represent a starting point to define...

The intense concentration process taking place in the financial systems has attracted substantial attention from stakeholders and academics. The impact of M&A on the value creation and efficiency/effectiveness improvements of banks involved appears, on the whole, disappointing and it is still...

<em>Banche, cultura dei fidi e capitale sociale: si può finanziare la fiducia nel territorio?</em> (di Alessandro Carretta, Vincenzo Farina, Paola Schwizer) - ABSTRACT: La fiducia rappresenta una sorta di infrastruttura invisibile nell’ambito del capitale sociale, che identifica l’insieme delle...