Bank Funding, Financial Instruments and Decision-Making in the Banking Industry

This book provides insight into current research topics in finance and banking in the aftermath of the financial crisis. Expert authors authoritatively analyse how banks finance their activities and resolve funding issues. Chapters specifically discuss financial instruments such as corporate bonds, IPOs, sukuks and microfinance investment vehicles (MIVs) in light of the importance of institutional funding gaps. The decision-making process within the banking industry with regard to long-range financial decisions and dividend policies is also discussed.

Provides an overview of the latest research topics in the academic study of finance and banking to enrich our understanding of recent trends and research tendencies Empirical studies offer a clear framework to illuminate the novel research that is being conducted in the post-financial crisis period Contributors from a wide range of European countries and universities to offer a varied and holistic view of topics such as bank funding, financial instruments and decision-making in the banking industry

Autorentext

Santiago Carbó-Valverde is Professor of Economics and Finance at Bangor University, UK. He was previously a Professor of Economics at the University of Granada, Spain. He currently also serves as Director of the Financial Services Studies of Spanish Savings Banks Association (FUNCAS) and as President of the Rating Committee of Axexor. He has been advisor to the European Central Bank, the Federal Reserve Bank of Chicago, financial institutions, such as BMN, and has spoken at the G-20 forum.

Pedro Jesús Cuadros-Solas ws, UK. ****

Francisco Rodríguez-Fernández is Professor of Economics at the University of Granada, Spain. He is also a Senior Economist at the Spanish Savings Banks Foundation (FUNCAS). He has spent time as a visiting scholar at the University of Modena (Italy), Bangor Business School (UK) and the Federal Reserve Bank of Chicago (USA). He has served as a consultant to the European Commission, the European Research Framework Programme, the Spanish Ministry of Labour, KPMG and Euro 6000.

Inhalt
1) Does earnings management affect banks' cost of funding? An empirical investigation across an European sample; Federico Beltrame, Daniele Previtali and Alex Sclip.- 2) Volatility linkages and Co-movements between international stocks and the Sukuk market; Alberto Dreassi, Stefano Miani, Andrea Paltrinieri and Alex Sclip.- 3) Bank-specific, macroeconomic or structural variables: which explains bank enterprise lending? The evidence from transition countries; Ewa Miklaszewska and Krzysztof Kil.- 4) Bank-specific, macroeconomic or structural variables: which explains bank enterprise lending? The evidence from transition countries; Santiago Carbó-Valverde, Pedro J. Cuadros-Solas and Francisco Rodríguez-Fernández.- 5) New Financing Instruments to Bridge the Funding Gap: The Lesson from Italy; Elisa Giaretta and Giusy Chesini.- 6) Microfinance Impact Investments: How Far Are They from OECD Social Impact Investment Definition; Mario La Torre and Helen Chiappini.- 7) Intellectual Capital Disclosure and IPO Results: Is it a Matter of Classification?; Christiana Cardi, Camilla Mazzoli and Sabrina Severini.- 8) The Drivers of Dividend Policies in Europe; Giusy Chesini and Elisa Giaretta.- 9) Long-Range Financial Decision-Making: The Role of Episodic Prospection; Gianni Brighetti, Caterina Lucarelli, Nicoletta Marinelli and Giulia Giansiracusa.