New Issues in Financial Institutions Management

This book examines new issues in financial markets and institutions raised by the global economic crisis that began in 2007. The four main themes are: management, innovation and technology in banking; efficiency and productivity; consolidation; and corporate governance issues.

Franco Fiordelisi is Professor in Banking and Finance at the Faculty of Economics 'Federico Caffe' at the University of Rome III, Italy. He is also Visiting Research Fellow at the Bangor Business School, Bangor University, UK, and the Essex Finance Centre at the University of Essex, UK. His recent publications include: Shareholder Value in European Banking; New Drivers of Performance in a Changing Financial World; and Mergers and Acquisitions in European Banking. He has acted as a consultant to many banks and leasing and factoring companies. Philip Molyneux is Head of Bangor Business School, Bangor University, UK, and has published widely in the banking area. His most recent books include: An Introduction to Global Financial Markets Sixth Edition (with Stephen Valdez); An Introduction to Banking (with Barabara Casu and Claudia Girardone); and The Oxford Handbook of Banking (co-edited with Allen N. Berger and John O. Wilson). He is also the Series Editor of the Palgrave Macmillan Studies in Banking and Financial Institutions. Daniele Previati is Professor in Banking and Finance at the Faculty of Economics 'Federico Caffe' at the University of Rome III, Italy. He is also a member of the SDA Bocconi Faculty, Italy. His main research interest is the management of banks and other financial institutions, focusing on stakeholder management. He has published widely in academic journals and has acted as a consultant to many banks and financial institutions.

PART I: BANK MANAGEMENT, INNOVATION AND TECHNOLOGY
Financial Innovation: Theoretical Issues and Empirical Evidence in Italy and in the U.K.; F.Arnaboldi & B.Rossignoli
A New Appraisal of the Structure of European Banking Systems; C.Ruza, R.de Juan & M.Cuesta
Intellectual Capital and Banking's Performance in the Italian Banking; G.Gigante & D.Previati
Traditional and R&D Investments: Are They Really Different?; P.Brighi & G.Torluccio
PART II: EFFICIENCY AND PRODUCTIVITY OF FINANCIAL INTERMEDIARIES
Modelling Risk in Efficiency and Productivity Analysis of Banking Systems; T.Weyman Jones, K.Kenjegalieva & G.Ravishjankar
Cross Country Comparison of Efficiency in Investment Banking; F.Fiordelisi, C.Girardone & N.Radic
Are Cost and Profit Efficiencies Arising from Bank M&As Priced in the Stock Markets?; D.Chronopoulos, C.Girardone & J.Nankervis
PART III: CONSOLIDATION IN THE FINANCIAL SECTOR
The Impact of Corporate Culture, Efficiency and Geographic Distance on M&A Results: the European Case; F.Fiordelisi & D.Martelli
What Does Bank Financial Profile Tell us about Mergers and Acquisitions in Latin American Banking?; J.Williams & F.Williams
The Determinants of M&A Operations in Banking; E.Beccalli & P.Frantz
PART IV: CORPORATE GOVERNANCE ISSUES
Comply or Explain - Rule or Exception - An Assessment of Compliance with the Corporate Governance Code for Italian Listed Companies; M.Bianchi, R.Signoretti, A.Ciavarella & V.Novembre
Sources of Risk and Return in Different Bank Business Models - Comparing Poland with the Global Trends; E.Miklaszewska & K.Mikolajczyk
Strategic Frames in the Banking Industry - Does Board Composition Matter?; V.Farina, A.Carretta & P.Schwizer
In Search of an Optimal Board of Directors for Commercial Banks; M.Maribal, P.Alonso, E.Merino & E.Vallelado
Value and Governance in the Exchange Industry: the Case of Diversified Conglomeral Exchanges; M.Polato & J.Floreani