1,720,997 research outputs found
The impact of board diversity on operating performance and firm risk: evidence from Italian market
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The determinants of bank liquidity risk within the context of Euro area
No full textThe main objective of this study is to analyze the type of relationship that exists between liquidity risk, measured
with the liquidity coverage ratio and the net stable funding ratio, and some specific bank structure variables
(size, capitalization, assets quality and specialization). The sample is composed of 1080 listed and non-listed
Eurozone banks and the methodology applied in the analysis is OLS regression based on panel data. The results
highlight that bigger banks have a higher liquidity risk exposure, while banks with higher capitalization present
a better liquidity on long horizon. The assets quality impacts only on the measure of the short term liquidity
risk. With regard to the specialization, banks more specialized on the lending activity show a more vulnerable
funding structure
University students and retirement planning: never too early
No full textPurpose - The purpose of this paper is to investigate the main predictors of university students' intention to invest in a pension fund: an understanding of how young people perceive retirement planning is relevant for its policy implications. Design/methodology/approach - The authors apply the theory of planned behaviour (TPB) proposed by Ajzen (1985) which explains how human behaviour is guided, and provides a framework to explore the underlying beliefs that affect one's behaviours. Findings - The evidence on a sample of Italian university students highlights that the TPB predictors, pension knowledge, money management and the highest level of financial literacy, positively influence their intention to invest in a pension fund. Research limitations/implications - Although the authors are aware of the limitations of the analysis (limited to a specific country and to a specific financial product), the authors believe that the study has the merit of offering a number of ideas for further research. In fact, there are few contributions in the literature that identify the intention of young people to save for retirement. The study sheds light on this important issue. However, because it is limited to Italian university students, its findings cannot be generalised. Practical implications - The study can be used by regulators, financial educators, counsellors and public institutions to increase the propensity of young people to plan for their future and guide them towards attitudes and behaviours most likely to increase their savings for retirement. Social implications - The evidence suggests that regulators, institutions and educators should improve the information that is provided to families first and to the younger generations - at school, for instance - about the functioning of the pension system. The survey's findings emphasise that university students are generally unaware of the many reforms to the system while believing that their state pensions will be sufficient to maintain a retirement standard of living that is the same as the standard of living achieved during their working lives. Originality/value - In the authors' knowledge, there are not studies that focus on the youngs' intention to invest in a pension fund. The authors believe that millennials are the most hitted by the Fornero's reform and understand which predictors affect this intention can allow to drive the decision in investing in these important financial tool
The Impact of Non-performing Loans on Bank Lending Behavior: Evidence from the Italian Banking Sector
No full textThe aim of this study is to understand the bank lending behavior during financial
crisis, in particular whether an increase of credit risk during this period can lead
banks to reduce their lending activity. A second object is to investigate whether
cooperative and commercial banks show different behaviors. The analysis is based
on a sample of Italian banks (listed and no listed), an example of a country
undergoing a credit crunch. The sample consists of 488 listed and unlisted Italian
banks observed 2007-2013. Unlisted banks are included because they are the most
numerous in the Italian banking system. Findings show a negative impact of credit
risk on bank lending behavior, with regard to both credit risk measures: the nonperforming
loans and the loan loss provision ratio
La gestione del rischio di liquidità nelle banche
No full textL'ipotesi che i mercati finanziari fossero liquidi per definizione è stata messa pesantemente in discussione dalla crisi finanziaria iniziata negli USA nel 2007 che ha dimostrato non solo che i mercati finanziari non sono liquidi ma anche che i sistemi di gestione del rischio di liquidità delle banche sono inadeguati.
In questo lavoro si discutono i modelli di gestione del rischio di liquidità, evidenziando le novità messe a punto da Basilea 3 ed evidenziando le relazione tra liquidity risk, disclosure e probabilità di default delle banch
Internal Controls and Risk Culture in Banks
No full textThis chapter aims to give an overview on the evolution of banking culture, from the culture of control, to the culture of compliance, up to the culture of risk. During the financial crisis, the culture of risk becomes very important, this due to the crucial role that the risk has in the banking business. Risk culture and risk management are close related and in particular, risk culture is a key component of the risk management efforts. Finally, the chapter describes the relationships between the three “lines of defence” and the role of the Board of Directors and top management in the spreading of risk culture among all levels of bank’s organizatio
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