Journal of
Italian
Banking
Association


year 100
 

Forum | Papers

Forum | Papers

Investment banks' reputation and M&A deals

N. 6 - 2015
Vincenzo Capizzi, Renato Giovannini
The paper analyzes the relationship between the reputation of Investment banks and the quality of services they offer as advisors in M&A operations. It outlines that markets trust M&A operations ...
We investigate the level and heterogeneity of the environmental disclosures made by financial intermediaries (FIs) whose sustainability reports are compliant to the Global Reporting Initiative's guidelines

Il deleveraging delle banche europee

N. 4 - 2015
Pierluigi Bologna, Marianna Caccavaio, Arianna Miglietta
Il lavoro analizza la leva finanziaria per un campione di 43 grandi banche europee dal dicembre del 2011 al giugno del 2013 evidenziando una generalizzata riduzione. Il deleveraging è stato realizzato ...

The dividend policy of European listed family firms

N. 3 - 2015
Alfonso Del Giudice
An analysis on 777 non-financial listed companies in Continental Europe in the 1997-2010 period shows significant differences for family firms: while the propensity for buybacks is lower ...

Stress testing: a stochastic simulation model and a comparison with 2014 Eba/Ecb exercise

N. 2 - 2015
Giuseppe Montesi, Pasquale Nicastro, Giovanni Papiro
We present a multivariate stochastic model for bank stress testing and its application to the nine European banking groups of systemic importance, comparing the results to the Eba/Ecb 2014 ...
This is a study about the relationship between media sentiment and US stock market. The database is made of 7,132 news published by the WSJ in the period 11/2011-02/2013
This paper investigates the portfolio quality of Italian supervised Mutual guarantee credit institutions in 2011-2012 by analysing the relationship between non-performing ratios, size, performance ...

From Risk Self Assessment to Operational Value-at-Risk estimation: a methodological proposal

N. 11 - 2014
Simona Cosma, Luigi Dell’Anna, Gianfausto Salvadori
Although there is by now extensive literature that sees the core function of banks in terms of liquidity creation, very few contributions propose measures of it. This paper aims to construct an indicator ...
This paper analyzes how financial knowledge and income can be considered as indicators to avoid situations of financial stress. The hypothesis of the work is that financial literacy has a limited ...

Financial institutions regulation and systematic risk

N. 9 - 2014
Giuliano Iannotta, George Pennacchi
Does a regulation based on credit ratings create an incentive to make loans and invest in bonds that have relatively high systematic risk? Using an international sample of almost 4,000 bonds ...
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