New Drivers of Performance in a Changing World

1. Front Matter

   Pages i-xvi

   PDF

2. New Financial Products and Approaches: Focus on Performance

   1. Front Matter

      Pages 1-1

      PDF

   2. European Exchanges, Investors’ Behaviour and Asset Allocations Criteria: Country Approach vs Industry Approach

      • Alessandro Carretta, Gianni Nicolini

      Pages 3-13

   3. The Performance Evaluation of Hedge Funds: a Comparison of Different Approaches

      • Alessandro Carretta, Gianluca Mattarocci

      Pages 14-29

   4. Real Estate Investments: the Case of the Italian Market

      • Claudio Porzio, Gabriele Sampagnaro

      Pages 30-50

   5. Real Estate Selection and Portfolio Construction Model: Data Analysis from the Italian Market

      • Claudio Giannotti, Gianluca Mattarocci

      Pages 51-68

   6. Funds of Funds Portfolio Composition and its Impact on Performance: Evidence from the Italian Market

      • Alessandro Carretta, Gianluca Mattarocci

      Pages 69-88

   7. Market Characteristics and Chaos Dynamics in Stock Markets: an International Comparison

      • Gianluca Mattarocci

      Pages 89-106

3. Determinants of Value Creation in Banking

   1. Front Matter

      Pages 107-107

      PDF

   2. The Profit Generation Process in Banking

      • Franco Fiordelisi

      Pages 109-130

   3. The Impact of Mergers and Acquisitions on Shareholder Wealth in European Banking

      • Marcello Pallotta

      Pages 131-148

   4. Does Corporate Culture Affect Shareholder Value? Evidence from European Banking

      • Alessandro Carretta, Vincenzo Farina, Franco Fiordelisi, Paola Schwizer

      Pages 149-175

4. Regulation and Change in Banks’ and Customers’ Behaviour

   1. Front Matter

      Pages 177-177

      PDF

   2. The Consumer’s Financial Capability: a Regulatory Perspective

      • Gianni Nicolini

      Pages 179-198

   3. Transparency Between Banks and Their Customers: Information Needs and Public Intervention

      • Massimo Caratelli

      Pages 199-219

   4. Corporate Disclosure Determinants: A Cross-Country Investigation

      • Vincenzo Farina

      Pages 220-234

   5. Single European Payment Area: Opportunities for Consumers and Corporates

      • Lucia Leonelli

      Pages 235-249

   6. Coordination and Cooperation in Financial Regulation: Do Regulators Comply with Banking Culture

      • Alessandro Carretta, Vincenzo Farina, Paola Schwizer

      Pages 250-274

5. Back Matter

   Pages 275-287

   PDF

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.

• banking
• evaluation
• hedge fund
• Investment
• merger
• shareholder value

• University of Rome ‘Tor Vergata’, Italy

  Alessandro Carretta

• Faculty of Economics ‘Federico Caffè’, University of Rome III, Italy

  Franco Fiordelisi

• Faculty of Economics, University of Rome ‘Tor Vergata’, Italy

  Gianluca Mattarocci

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', Italy. He has been teaching Banking and Finance for more than 25 years, formerly at the Universities of Urbino, Lecce, Milan and 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, UK. 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.

Policies and ethics