Showing 1 - 10 of 280
A better understanding of the information provided by credit ratings and their proper use allow more transparent and effective communication to investors and a better risks’ diversification. In this way ratings will be able to play a more effective predictive role
Persistent link: https://www.econbiz.de/10010857872
used and their relative performance in providing accurate valuations and target prices. Fundamental valuation models appear …
Persistent link: https://www.econbiz.de/10010857890
This paper analyzes the methods of rating attribution of the major international agencies (Moody’s, Fitch and Standard & Poor’s) between 2005 and 2010 for a sample of Italian and European listed banks and tests empirically, through the multivariate analysis of Ols, the possible relations of...
Persistent link: https://www.econbiz.de/10010857941
The financial crisis has stimulated researches on the link between risk models and banking business, showing that banks with greater profitability deriving from traditional activity have less chancee to be involved in a crisis. This hypothesis is confirmed by an analysis conducted on a sample of...
Persistent link: https://www.econbiz.de/10010933978
The aim of the paper is to investigate the long-run performance of Italian Ipos, paying close attention to the banking … banks’ stock performance after the listing. The study can help to investigate, on one hand, the existence of information …
Persistent link: https://www.econbiz.de/10009652558
Cooperative banking has produced, in more than a century, significant value in terms of proximity to clients and local communities. A governance reform is now necessary to solve interest conflicts and redefine the cooperative model in the present scenario
Persistent link: https://www.econbiz.de/10009399130
In Italy the use of bond covenants is restrained by the predominance of SMEs, the significant role of relationship banking, the high costs related to public placements, the lack of investors‘ financial culture, the low amount of loans normally requested by each firm and the lack of liquidity...
Persistent link: https://www.econbiz.de/10008518005
, performance and financial ethics. …
Persistent link: https://www.econbiz.de/10005089676
This paper analyses the X-efficiency level of Italian Asset Management Companies (Amc).This topic seems really … international basis. Despite that, the asset management sector has been never studied from this point of view, probably because of … production process of Asset Management Companies and offers some results about the level of X-efficiency that characterizes this …
Persistent link: https://www.econbiz.de/10010579494
A survival analysis, conducted by the Italian Banking Association, shows that, since 1997, in Italy there has not been a deterioration in the customers’ creditworthiness like in Us. The analysis also emphasizes how, despite the sharp increases of private sector’s financing, there has not...
Persistent link: https://www.econbiz.de/10010579496