Valeria Stefanelli

• University of Salento

Using a unique data set of Italian banks covering the 2011 to 2019 period, this study investigates the influence of human resource training on bank stability and examines whether this relationship is affected by bank efficiency and credit risk. In line with the resource‐based view (RBV) of the firm, our findings suggest that employee training exert...

This paper explores the relationship between governance and performance of Fintech firms recalling Resource-Based View and Upper Echelons Theory principals. Using a pooling model, we identify key characteristics of Chief Executive Officers (CEOs) and Boards of Directors (BoDs) that can improve profitability and lower risk in Fintech firms. The find...

The recent banks' failures have highlighted the importance of improving banking sector supervision, emphasizing the need to adopt a holistic approach to risk assessment based on an evaluation of a bank's business model (BBM) that combines financial (e.g., bank's balance data) and non-financial information (e.g., bank's ESG performance). In this stu...

Nel panorama dei cambiamenti di matrice tecnologico-digitale che stanno interessando l’industria bancaria a livello europeo, il lavoro indaga l’effetto di fattori di natura finanziaria, esogena e socio-strutturale, sul livello di digital financial divide (Dfd) dei consumatori europei negli anni 2006-2021, applicando un modello random-effects. I ris...

Purpose This paper aims to investigate the relationship between gender diversity in CEO positions and FinTech profitability by exploring the moderating role of the average board age on such a relationship. Design/methodology/approach A unique data set of Italian FinTech companies during the 2017–2019 period was used in an ordinary least square mod...

Digitalization in many economic sectors drove the financial system to adapt to new paradigms of technological transformation. Moreover, the extant regulatory framework forced the financial system to reconsider its business models and its relationship with the market. Such reasons generated also in the banking sector a new model of competition withi...

Digitalization in many economic sectors drove the financial system to adapt to new paradigms of technological transformation. Moreover, the extant regulatory framework forced the financial system to reconsider its business models and its relationship with the market. Such reasons generated also in the banking sector a new model of competition withi...

Policy makers, regulators, and banking supervisors are increasingly assigning significant financial resources to change consumption, production, and business models to be more environmentally friendly. Effective climate risk management and sustainable economic development both require the full involvement of an economy's financial system, particula...

Lending business crowdfunding (LBC) is an innovative financing tool for small and medium enterprises (SMEs) and is especially useful in vulnerable and risky markets. To date, little is known about the information transparency and management dynamics of these new platforms, partly as a result of a lack of harmonization in the crowdfunding sector. Th...

The aim of the study is to understand the approach to certification from different perspectives, in order to appreciate how the stakeholders, enact processes of creation, implementation and decision‐making processes in establishing criteria for local development. We analysed the extant literature in order to assess the present knowledge and approac...

Purpose In recent years, the penetration of digital technologies in the financial industry determined the arising of Fintech, which generated a dynamic and rapid change that business operators and supervisory authorities in the banking industry are struggling to follow it. This is especially due to issues affecting financial intermediaries and cust...

The EBA Guidelines on loan origination and monitoring (hereinafter "GL LOM") undoubtedly represent a substantially new piece of the banking regulatory framework. In fact, for the first time, the regulator moves into a topic that was traditionally outside the scope of financial regulation, so far almost exclusively focused on aspects directly linked...

Our study highlights a literature map on Fintech and the risks associated with this technological innovation in the financial sector. Considering all the studies published from 2014 to 2021 in "Scopus", we resort to econometric techniques to create our map. Our results show the recent attention of academics and researchers, mainly belonging to th...

Purpose The purpose of this paper is to empirically test if the interaction between universities and spin-offs, as proxy of knowledge translation (KT), which is based in particular on negotiation, semantics and pragmatics, has a positive impact on spin-off performance – in terms of greater distance from the “valley of death” – and allows access to...

In international contexts, a key role has been assigned to sustainable finance for the achievement of climate change mitigation objectives. In the context of environmental finance, this contribution focuses on the tool of green bonds, framing the regulators’ perspective and the principles of (self) regulation that describe the process of issuing, e...

This study compares the board features of major listed bank and non-financial firms in Europe. We find that at the industry-specific level the structure of bank board’s is similar to that of non-financial firms, although banks tend to have more meetings and committees. Second, when we consider country-specific board diversity, bank boards are simil...

The topic of gender diversity is assuming greater importance not only for regulatory reasons. In credit cooperative field, the presence of gender diversity can qualify among the mutual aims and social sector should pursue. With reference to cooperative banks, the work aims to verify whether board gender diversity increases the creation of value for...

This article empirically verifies the existence of a connection between the relationship-oriented model and the quality of the loan portfolio, by using alternative risk measures to previous studies. Consistently with earlier literature, bank size, distance and intensity of labour are used as proxies for the relationship lending model. The main resu...

The effects of the crisis have occurred to a lesser extent on the loan portfolio of cooperative banks. The paper aims to explain whether and to what extent the characteristics of cooperative banking governance have contributed to this result. Along with traditional measures of corporate governance, the empirical analysis suggests some proxies of pe...

This paper aims to analyze the effectiveness of the board monitoring role on specific loan portfolio quality measures in banks (default rate, recovery rate and provisioning rate). We use a sample comprises a totality of Italian-based banks, listed at Borsa Italiana SpA in 2006-2008 and a number of accounting proxies to express the loan portfolio qu...

Using a large sample of European listed Companies and their Directors our study supports the hypothesis that European corporate governance do not yet converging towards a common model. Our results put in evidence in fact the existence of three dominant corporate governance profiles in European listed companies, different each others. The determinan...

Combining human capital theory and equity theory, we developed and tested a model in which the outside directors’ total cash compensation is related to the outsider’s profile, as well as to the board and firm characteristics. Consistent with our model, characteristics of the outsider’s profile, in terms of his/her role and responsibility, meeting a...

Since the end of the 20th century a growing preoccupation has emerged with the forms of the cooperative company, whose survival seemed almost threatened by the deep changes that have occurred in the inter-national economy (European Commission, 2001a).

The increase in competition in European banking and the dangers of the erosion of market shares have pushed financial intermediaries to critically review their competitive models in the search for the correct business equilibrium required in the new market scene.