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

Many indicators have been developed at international level to evaluate the quality of corporate governance. In this paper, the fundamental elements and limitations of existing indicators are discussed. Among these indicators, particular attention has been focused on the GIM Index, an index...

A number of authors demonstrate how good corporate governance can have a positive effect on the economic-financial performance of companies. On the contrary, mismanagement has often been blamed for fraud and corporate insolvency. This paper attempts to verify the extent to which the market, and...