Non-Knowledge Risk and Bank-Company Management (eBook)

The Role of Intangibles in Rating Models

Vincenzo Formisano (Autor)

eBook Download: PDF

2016 | 1st ed. 2016
XII, 241 Seiten
Palgrave Macmillan UK (Verlag)
978-1-137-49713-0 (ISBN)

Infos

This book provides guidance for achieving a rating system capable of understanding and enhancing the intangible assets of a company.

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In the current economic scenario, the intangible assets contribute significantly to the construction of the competitive positioning of a company. It follows that this intangible information must be appropriately considered in the internal rating system (IRSs). Currently key aspects of business risk and operational risk such as potential for growth, competitive capabilities, core competencies, role in the supply chain of membership, and governance are being considered as secondary in this system. Intangible factors such as the milieu of the company and the environment in which it operates, are not being appropriately considered. In this book, Vincenzo Formisano proposes new guidelines aimed to set desirable IRSs in which the weight of intangible assets is appropriately and properly valued. He addresses practical rules for achieving a rating system capable of understanding and enhancing the intangible assets of a company and for the assessment of creditworthiness. The first part of the book focuses on existing practices; the second part exposes a general model for the classification and interpretation of intangibles. The third part provides practical guidelines designed to configure desirable rating models in which the weight of intangible assets is correctly considered. This book offers theoretical and practical insights and an easy-to-read approach which provides a valuable source of information for teachers and students in Finance. It is also a useful reference point for the Banking, Accounting and Finance managerial communities.

Autor

Vincenzo Formisano is an Associate Professor in Economics and Business Management at the University of Cassino in Italy where he teaches Marketing and Strategic Business Management. His research activity spans the subjects of local banks, business finance, and SME innovations; and focusses in particular on ratings between companies, banks and territories, banking growth factors, intangible assets and industrial districts.

Inhalt

Cover 1
Contents 6
List of Tables and Figures 8
Preface 10
1 The Context: The Financial System 14
1.1 The viable financial system 14
1.2 Governing body of the European financial system 18
1.3 The operational structure: components, relations, and management processes with a particular regard to the Italian experience 20
1.4 The purpose of the financial system: between efficiency and stability 25
1.5 Globalization, crisis, and values in the Italian bank system: theoretical framework 27
1.6 Recent changes in the Italian bank system 29
1.7 Evolution in the segment of cooperative banks and related system of corporate governance 31
1.8 The role of cooperative banks in the development of local networks of mutuality 34
2 The Evolution of Prudential Regulation 40
2.1 Examination of the essential points of the Basel Accords 40
2.2 Standardized approach and the internal ratings-based approach 48
2.3 Transaction towards Basel III 61
3 The Banking Business: The Governing Body and the Operational Structure 63
3.1 The bank as a viable system enterprise 63
3.2 The area of government decisions and the area of management deals 67
3.3 Government of the bank firm 68
3.4 The re-engineering of the credit process 76
3.5 Main risks in the implementation of a CRM system 77
3.6 The activity of control on bank risk management 80
3.7 The operational structure 87
4 The Bank–Company Relationship 97
4.1 The relevance of inter-systemic relationships 97
4.2 The evolution of the bank–company relationship 100
4.3 The specificity of the financial structure of Italian SMEs, from financing to the contribution of capital 106
4.4 The European market of SMEs 112
4.5 The bank–company relationship: the importance of the risk/yield profile 115
4.6 The concept of capital allocation in the viable system enterprise 125
4.7 The system of capital allocation 131
4.8 The bank–control body relationship 135
5 Intangibles in the Assessment of Creditworthiness 142
5.1 Introductory remarks 142
5.2 The critical success factors of a business 145
5.3 Intangible assets in companies and rating models 164
5.4 Concluding remarks 178
6 An Empirical Case 180
6.1 The credit scenario analyzed at European, national, and regional level 180
6.2 The financing of the economy analyzed in the province of Frosinone 183
6.3 Sample survey carried out on a dataset of a panel of companies in the province of Frosinone 183
6.4 Closing remarks 203
Appendices 206
Notes 213
References 232
Index 252

Produkt-Details

• Erscheint lt. Verlag: 26.1.2016
• Reihe/Serie: Palgrave Macmillan Studies in Banking and Financial Institutions
• Reihe/Serie: Palgrave Macmillan Studies in Banking and Financial Institutions
• Zusatzinfo: XII, 241 p.
• Verlagsort: London
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Schlagworte: Bank • bank-company relationship • Banking • Basel 3 • Basel accords • business • Cooperative banks • Corporate Governance • credit • economy • Efficiency • Financial System • Frosinone • Globalization • Government • Intangible Assets • Internal Ratings • Italy • Management • prudential regulation • Rating • Risk Management • risk-yield • SME • stability
• ISBN-10: 1-137-49713-0 / 1137497130
• ISBN-13: 978-1-137-49713-0 / 9781137497130