New Drivers of Performance in a Changing Financial World

by Carretta, Alessandro; Fiordelisi, Franco; Mattarocci, Gianluca

• ISBN13: 9780230205024
• ISBN10: 023020502X
• Format: Hardcover
• Copyright: 2008-12-15
• Publisher: Palgrave Macmillan

Summary

In a financial revolution, new determinants of performance arise and interest in the way performance is measured and communicated to stakeholders grows. This book presents a wide and accurate analysis of the impact that regulation, structural changes and new financial products have on the performance of markets and intermediaries

Author Biography

ALESSANDRO CARRETTA is full professor of Economics and Management of Financial Intermediaries and Director of Ph.D Program in Banking and Finance at the University of Rome ?Tor Vergata?. He has been teaching Banking and Finance for more than 25 years, formerly at the Universities of Urbino, Lecce, Milan Bocconi. His main research interest relates to banking management, focussing on banking groups and diversification; regulation and control; corporate governance, culture and organizational change in banks. He has widely published in this area more than 100 books and articles in academic journals. Prof. Carretta is member of committees and boards of several journals, research bodies and financial institutions

FRANCO FIORDELISI (MA, Ph.D) is professor in Banking and Finance at the University of Rome III, Italy and Visiting Research Fellow at the University of Essex, U.K. His main research interest relates to the economics of banking focussing on efficiency, productivity, value creation and and M&A activities. His research has been published by several international academic journals. He recently published ?Shareholder Value in European Banking? (Palgrave 2007). He has acted as a consultant to many financial instututions

GIANLUCA MATTAROCCI (MA, Ph.D) is lecturer of Economics and Management of Financial Intermediaries at the Faculty of Economics of the University of Rome ?Tor Vergata?, Italy. His main research interest relates to asset management, real estate, rating and corporate finance. He has acted as a consultant for banks and factoring companies.
 
 

Table of Contents

List of Tables	p. vii
List of Figures	p. ix
Preface	p. xi
Acknowledgements	p. xiii
Notes on the Contributors	p. xiv
New Financial Products and Approaches: Focus on Performance	p. 1
European Exchanges, Investors' Behaviour and Asset Allocations Criteria: Country Approach vs Industry Approach	p. 3
The Performance Evaluation of Hedge Funds: a Comparison of Different Approaches	p. 14
Real Estate Investments: the Case of the Italian Market	p. 30
Real Estate Selection and the Portfolio Construction Model: Data Analysis from the Italian Market	p. 51
Funds of Funds Portfolio Composition and its Impact on Performance: Evidence from the Italian Market	p. 69
Market Characteristics and Chaos Dynamics in Stock Markets: an International Comparison	p. 89
Determinants of Value Creation in Banking	p. 107
The Profit Generation Process in Banking	p. 109
The Impact of Mergers and Acquisitions on Shareholder Wealth in European Banking	p. 131
Does Corporate Culture Affect Shareholder Value? Evidence from European Banking	p. 149
Regulation and Change in Banks' and Customers' Behaviour	p. 177
The Consumer's Financial Capability: a Regulatory Perspective	p. 179
Transparency Between Banks and Their Customers: Information Needs and Public Intervention	p. 199
Corporate Disclosure Determinants: A Cross-Country Investigation	p. 220
Single Euro Payment Area: Opportunities for Consumers and Corporates	p. 235
Coordination and Cooperation in Financial Regulation: Do Regulators Comply with Banking Culture?	p. 250
Names Index	p. 275
Subject Index	p. 283
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