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Found documents: 47
Magazine article (E&M - 2021/2) Omarini Anna

Challenges and Solutions for the Banking Sector

The application of artificial intelligence solutions in the banking sector will have various consequences in terms of: creation of new economies and professions; increase of worker productivity; creation of new modes of working; and requalification of old abilities and skills of employees. The public and private stakeholders in the banking sector (including the European Commission) increasingly express ...

Magazine article (E&M - 2012/05) Bodnar Gordon M., Consolandi Costanza, Gabbi Giampaolo, Jaiswal-Dale Ameeta

The derivative usage by listed and non-listed Italian Firms for corporate risk management

La scarsa trasparenza sull’uso dei derivati nei bilanci delle imprese è all’origine della scarsa conoscenza degli schemi di comportamento delle imprese per quanto riguarda l’impiego di tali strumenti. Questo articolo esamina le pratiche di gestione del rischio delle imprese italiane, sia quotate sia non quotate, per un’ampia varietà di rischi d’impresa: rischi di cambio, di tasso di interesse, ...

Magazine article (E&M - 2022/3) Pippo Federico, Talamini Andrea

The Creation of Value through Sustainable Debt Instruments

Sustainable debt instruments, and in particular green bonds, sustainability-linked bonds, and green loans, represent an innovative, constantly-growing solution to finance business activities and projects. These instruments are characterized by the possible presence of the so-called greenium, the negative premium that debt subscribers are willing to pay the issues for those instruments. Although the ...

Magazine article (E&M - 2022/3) Lanza Andrea, Roscio Anna Maria

Social Responsibility, Environmental Sustainability, and ESG Ratings in Italian SMEs

A study conducted on 10,000 Italian SMEs shows that issues such as climate change and the transition toward a more sustainable economy are still little present in the business world in our country. Only one of three companies is worried about the effects on their business model of climate change, and one of five about the consequences of a transition toward a more sustainable economy. Of the sample ...

Magazine article (E&M - 2022/3) Calcaterra Michele

ESG Rating and Credit: How to Assess Integrated Risk

A sustainability rating, or ESG rating, represents an appropriate integration of the information on business risk deriving from the more consolidated credit rating. An integrated approach that involves a joint assessment of the financial solidity of a company (credit rating) and its sustainability (or solidity of the business model), allows for innovating risk management activity by making it more ...

Magazine article (E&M - 2022/3) Marchesi Cecilia

Accelerating the Transition: Financial Services Must Also Do Their Part

In the last two years, the increase of social disturbances, the growing attention to climate change, and the need to act on environmental, social, and governance (ESG) issues, has attracted attention from companies in all sectors. Financial services companies are also called on to catalyze and accelerate the transition toward a new economy, based on ecosystems that satisfy the needs of all stakeholders. ...

Magazine article (E&M - 2022/3) Caragnano Alessandra

The Impact of Sustainability on the Cost of Capital

The concept of creation of value has recently taken on a new feature, the sharing of value for all of the stakeholders involved. In order for this to occur, it is necessary for business strategies and models to be structured and managed in an amply sustainable vision in environmental, social, cultural, and ethical terms. Companies that are associated with high ESG performance have easier access to ...

Magazine article (E&M - 2022/3) Dallocchio Maurizio

Sustainable Finance. Why It Has to Change

In the focus of this issue of Economia&Management , some colleagues from the REPAiR present studies and analyses on the future of finance, developed in the context of the new laboratory at the SDA Bocconi.

Magazine article (E&M - 2023/2) Ragaini Andrea, Albonico Marzio

The Epochal Challenges of the 2020s: Financial Intermediation

To provide a comprehensive treatment, in an international context characterized by radical choices, uncertainties, transitions, and so on, would require a monumental effort, perhaps only within the reach of artificial intelligence. However, some considerations can still be drawn. It is a common opinion that the Italian entrepreneurial system has developed, more than elsewhere, around family businesses ...

Magazine article (E&M - 2023/4) Conca Valter, Locatelli Mauro

Management Incentive Plans in Private Equity

The success of a private equity deal largely depends on the relationship of trust and alignment of interests between investors and the management of the portfolio companies. Unlike in English-speaking countries, the Italian market is not yet sensitive in evaluating the strategic nature of incentive policies for the target companies, which, moreover, represent a strong lever for management retention.