New Challenges for the Banking Industry : Searching for Balance Between Corporate Governance, Sustainability and Innovation

• Autore: Carbó-Valverde Santiago
• Pubblicazione: Cham : , : Palgrave Macmillan, , 2023; ©2023
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (351 pages)
• Disciplina: 332.1
• Altri autori: Cuadros-SolasPedro J
• Nota di contenuto: Intro -- Contents -- Notes on Contributors -- List of Figures -- List of Tables -- 1 Introduction -- Part I Corporate Governance -- 2 Compensation Policy in Banking: The Case of Tournament Incentives -- 2.1 An Introduction to Compensation and the Role of Incentives -- 2.2 Executive Pay and Tournament Incentives in Banking -- 2.3 Data and Summary Statistics -- 2.4 Methodology for Estimating the Effect of CEO Pay Gaps on Bank Performance -- 2.5 Results on the Relationship Between Tournament Incentives and Bank Performance -- 2.6 Discussion -- 2.7 Conclusions and Implications for Compensation Policy -- Appendix A: Variable Definitions -- Appendix B: Additional Tables -- References -- 3 The Effect of Board Diversity and ESG Engagement on Banks' Profitability and Risk -- 3.1 Introduction -- 3.2 Literature Review -- 3.2.1 Corporate Governance and the Relevance of Board Diversity -- 3.2.2 ESG and Performance in the Bank Sector -- 3.3 Data and Methods -- 3.3.1 Sample and Data Sources -- 3.3.2 Board Diversity Variable Measurement -- 3.3.2.1 Performance Measures -- 3.3.2.2 Control Variables -- 3.3.3 Models -- 3.4 Results -- 3.5 Conclusions -- References -- 4 ESG Default Risk Mitigation Effect: A Time-Sectorial Analysis -- 4.1 Introduction -- 4.2 Literature Review -- 4.3 Data and Methods -- 4.3.1 Data -- 4.3.2 Methods -- 4.4 Results -- 4.4.1 Empirical Results -- 4.4.2 Robustness Test -- 4.5 Conclusions -- References -- 5 Principles of the Optimal Government Regulation in the Financial Market -- 5.1 Introduction -- 5.2 Market Failures in the Banking Market -- 5.3 Principles of Regulation -- 5.4 Conclusions -- References -- Part II Sustainability and Green Finance -- 6 Firm Pollution and Reputational Risk: Where Do We Stand? -- 6.1 Introduction -- 6.2 What Do We Know? A Review of the Literature -- 6.2.1 The Firm and the Environment. ; 6.2.1.1 Interplay Between Environmental and Financial Performance -- 6.2.1.2 Environmental Performance and Financing Cost -- 6.2.1.3 Environmental Performance and Corporate Governance -- 6.2.1.4 Corporate Ownership and Environmental Responsibility -- 6.2.2 Reputational Risk and Pollution -- 6.2.2.1 Driving Factors of Corporate Reputation -- 6.2.2.2 Reputational Risk and CSR -- 6.3 ESG-Related Reputation and Corporate Pollution: An Exploratory Analysis -- 6.3.1 Hypothesis and Methodology -- 6.3.2 Data and Empirical Results -- 6.4 Conclusions -- References -- 7 Is All That Glitters That "Green"? An Empirical Investigation of the Magnitude of Greenwashing in Banking and Its Determinants -- 7.1 Introduction -- 7.2 Research Methodology -- 7.2.1 Overview -- 7.2.2 Greenwashing Score -- 7.3 Methodology -- 7.3.1 Definition of the Greenness Disclosure Score -- 7.3.2 Definition of a Greenness Performance Score -- 7.3.3 Computation of the Greenwashing Score -- 7.4 Empirical Model -- 7.5 Sample -- 7.6 Results -- 7.6.1 Descriptive Statistics -- 7.6.2 Multivariate Analysis -- 7.6.3 Robustness Tests -- 7.7 Conclusion -- Appendix -- References -- 8 Sovereign Green Bonds in Europe: Are They Effective in Supporting the Green Transition? -- 8.1 Introduction -- 8.2 Literature Review -- 8.3 The Evolution of Green Bond Regulation -- 8.4 The Rise of Sovereign Green Bond Issuances -- 8.4.1 Data Analysis on Disclosure, Transparency and Reporting -- 8.5 Conclusions -- Appendix -- References -- 9 The Impact of ESG Score and Controversy on Stock Performance -- 9.1 Introduction -- 9.2 Literature Review and Hypotheses Development -- 9.3 Data and Methodology -- 9.3.1 Data -- 9.3.2 Variables Definition -- 9.3.2.1 Dependent Variables -- 9.3.2.2 ESG, Controversy and Control Variables -- 9.3.3 Methodology -- 9.4 Empirical Results -- 9.4.1 Descriptive Statistics. ; 9.4.2 Research Findings -- 9.4.3 Robustness Checks -- 9.5 Conclusion -- Appendix A: Sample Description -- Appendix B: Controversies Distribution -- References -- Part III Innovation -- 10 The Digitalization of the European Banking Industry: Some Evidence -- 10.1 Introduction -- 10.2 Literature Review: Banking Digitalization -- 10.3 Methodology -- 10.3.1 Measuring the Digitalization of the Banking Industry -- 10.3.2 Sample and Data -- 10.3.3 Methodology -- 10.4 Digitalization of the Banking Industry: 2017-2021 -- 10.4.1 Evolution of IT Expenses in the European Banking Industry -- 10.4.2 Determinants of IT Expenses in the Banking Industry -- 10.4.3 Staff Expenses vs IT Expenses -- 10.5 New Banking Technologies -- 10.5.1 Toward a New Technological Era in Banking -- 10.5.2 Relevance of the New Banking Technologies in the European Banking Industry -- 10.6 Conclusions -- References -- 11 The Relation Between Patent Pledgeability and Credit Rationing -- 11.1 Introduction -- 11.2 Patents and Patenting Firms in Sweden -- 11.3 Patent Collateralization for Receiving Debt Financing -- 11.3.1 Theoretical Framework -- 11.3.2 The Model -- 11.4 Data and Empirical Analysis -- 11.4.1 Data -- 11.4.2 The Research Design -- 11.5 Results and Conclusion -- References -- 12 Increasing the Predictive Power of Financial Distress models-The Case of the New Alert System Proposed by the Italian Nccaae -- 12.1 Introduction -- 12.2 Literature Review -- 12.3 Sample Selection Strategy and Description -- 12.4 Methodology -- 12.5 Results -- 12.6 Conclusions -- References -- Index.
• Titolo autorizzato: New Challenges for the Banking Industry
• ISBN: 3-031-32931-7
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910735776703321
• Lo trovi qui: Univ. Federico II
• Serie: Palgrave Macmillan Studies in Banking and Financial Institutions Series