Open Access. Powered by Scholars. Published by Universities.®

Social and Behavioral Sciences Commons

Open Access. Powered by Scholars. Published by Universities.®

Articles 1 - 13 of 13

Full-Text Articles in Social and Behavioral Sciences

The Role Of Pension Funds In A Global Economy (In Italian), Paola Bongini, Gregorio Impavido Dec 2010

The Role Of Pension Funds In A Global Economy (In Italian), Paola Bongini, Gregorio Impavido

Paola Bongini

No abstract provided.


Ownership, Bank Organization And Retail Lending In A Low Income Area, Paola Bongini, Laura Nieri, Maria Luisa Di Battista, Simone Rossi Dec 2010

Ownership, Bank Organization And Retail Lending In A Low Income Area, Paola Bongini, Laura Nieri, Maria Luisa Di Battista, Simone Rossi

Paola Bongini

The focus of this study is on the organizational features of banks operating in the South of Italy, namely major Italian banking groups and local independent banks. In our opinion, in order to evaluate the allocative and operational efficiency of the Southern Italian banking system, the issue to be addressed relates to the potential heterogeneous behavior between banks which are “truly local” – i.e. those banks whose real decisional centres are located in the Southern regions – with respect to those banks operating in the South but which have their decisional centres located in the Centre-North of the country (“outer …


Ownership, Bank Organization And Retail Lending In A Low Income Area, Paola Bongini, Laura Nieri, Maria Luisa Di Battista, Simone Rossi Dec 2010

Ownership, Bank Organization And Retail Lending In A Low Income Area, Paola Bongini, Laura Nieri, Maria Luisa Di Battista, Simone Rossi

Paola Bongini

The focus of this study is on the organizational features of banks operating in the South of Italy, namely major Italian banking groups and local independent banks. In our opinion, in order to evaluate the allocative and operational efficiency of the Southern Italian banking system, the issue to be addressed relates to the potential heterogeneous behavior between banks which are “truly local” – i.e. those banks whose real decisional centres are located in the Southern regions – with respect to those banks operating in the South but which have their decisional centres located in the Centre-North of the country (“outer …


Was There A “Small-Bank” Anomaly In The Great Crisis Of 2007-09?, Paola Bongini, Giovanni Ferri, Punziana Lacitignola Dec 2009

Was There A “Small-Bank” Anomaly In The Great Crisis Of 2007-09?, Paola Bongini, Giovanni Ferri, Punziana Lacitignola

Paola Bongini

Drawing on a large set of listed banks from Europe, the US and Japan we start noticing that smaller-sized banks suffered less than larger banks in conjunction with the unfolding of the Great Crisis of 2007-09. Was this a small-bank anomaly analogous to the classic small firm effect? We conjecture that what seems to be a small bank anomaly might, in fact, signal a generalized market reassessment of the banking business model and tested whether stock markets penalized less the banks that kept more rooted to the traditional “originate-to-hold” (OTH) model while forgoing the opportunities disclosed by the “originate-to-distribute” (OTD) …


Is Financial Innovation A Still Relevant Issue?, Paola Bongini, Luisa Anderloni Dec 2008

Is Financial Innovation A Still Relevant Issue?, Paola Bongini, Luisa Anderloni

Paola Bongini

In this study we investigate the effects of financial innovation on performance and asset growth for a sample of EU large banks. The novel contribution of this study is the use of a unique dataset that identifies banks’ attitude towards innovation across time and the level of information conveyed to market participants in order to understand: a) to what extent, in recent years, banks have focused their attention on financial innovation; b) to what extent an innovating attitude translates into greater asset growth and higher profitability;


Governance, Diversification And Performance: The Case Of Italy’S Banche Popolari, Paola Agnese Bongini, Giovanni Ferri Dec 2007

Governance, Diversification And Performance: The Case Of Italy’S Banche Popolari, Paola Agnese Bongini, Giovanni Ferri

Paola Bongini

No abstract provided.


What Happened To The Italian Southern Banking System? (In Italian), Paola Bongini, Giovanni Ferri Aug 2007

What Happened To The Italian Southern Banking System? (In Italian), Paola Bongini, Giovanni Ferri

Paola Bongini

No abstract provided.


Organization And Performance Of Italian Banking Groups, Paola Bongini, Maria Di Battista, Laura Nieri Dec 2006

Organization And Performance Of Italian Banking Groups, Paola Bongini, Maria Di Battista, Laura Nieri

Paola Bongini

No abstract provided.


The Value Of Relationship Banking: Small Banks In An Era Of Consolidation, Paola Bongini, Maria Di Battista, Emma Zavarrone Dec 2006

The Value Of Relationship Banking: Small Banks In An Era Of Consolidation, Paola Bongini, Maria Di Battista, Emma Zavarrone

Paola Bongini

No abstract provided.


David And Goliath: Small Banks In An Era Of Consolidation, Paola Bongini, Maria Di Battista, Emma Zavarrone Jun 2006

David And Goliath: Small Banks In An Era Of Consolidation, Paola Bongini, Maria Di Battista, Emma Zavarrone

Paola Bongini

No abstract provided.


The Financial System (In Italian), Paola Bongini, Maria Di Battista, Laura Nieri, Arturo Patarnello Dec 2003

The Financial System (In Italian), Paola Bongini, Maria Di Battista, Laura Nieri, Arturo Patarnello

Paola Bongini

No abstract provided.


How Good Is The Market At Assessing Bank Fragility? A Horse Race Between Different Indicators, Paola Bongini, Luc Laeven, Giovanni Majononi Dec 2001

How Good Is The Market At Assessing Bank Fragility? A Horse Race Between Different Indicators, Paola Bongini, Luc Laeven, Giovanni Majononi

Paola Bongini

For a sample of individual banks, active in the East Asian countries during the years 1995-1998, we explore the performance of three sets of indicators of bank fragility computed on the basis of publicly available information. We compare the behavior of traditional “early warning” indicators, based on balance sheet information, with that of implicit deposit insurance premia, based on the stock prices dynamics, and with the behavior of credit rating agencies’ assessments. We find significantly different patterns among the three groups of indicators in their ability of forecasting financial distress at both a specific point in time and through time. …


The Political Economy Of Distress In East Asian Financial Institutions, Paola Bongini, Stijn Claessens, Giovanni Ferri Dec 2000

The Political Economy Of Distress In East Asian Financial Institutions, Paola Bongini, Stijn Claessens, Giovanni Ferri

Paola Bongini

The 1997±1999 East Asian crisis is an interesting case for studying the determinants of distress and closure of ®nancial institutions. Of a sample of 283 ®nancial institutions from Indonesia, Korea, Malaysia, the Philippines, and Thailand, 120 experienced distress, and by July 1999, 38 were closed. We ®nd that traditional, CAMEL-type ®nancial data for 1996 help predict distress and closure. ``Connections''Ðwith industrial groups or in¯uential familiesÐincreased the likelihood of distress, however, suggesting that supervisors had granted selective prior forbearance from prudential regulations. Since closure was more, not less, likely with connections, the closure processes themselves appear transparent. We also ®nd evidence …