The aim of this paper is to study the pricing factor structure of Italian equity returns. Using twenty-five years of data, we focus on the role of other risk factors besides the market beta, namely size, book to market, and momentum. A two step empirical analysis is provided where first we...

This research investigates the relationship between value and dividend policy in a bank, based on relevant empirical literature developed during the last twenty years. The approach of meta-analysis employed here allows studies to be grouped and analyzed according to precise research questions...

We investigate how investors perceive the adoption of the expected-loss model (ELM) for impairment incorporated in IFRS 9. Using a sample of European listed banks covering the period of the standard-setting process of IFRS 9, we examine whether the market perceives the new regulation to increase...