Contemporary Issues in Banking

Myriam Garcia Olalla is professor of Finance and Accounting at the University of Cantabria, Spain. She holds a PhD in Economics and Business from the University of Oviedo, Spain and has been professor at the University of Oviedo and visiting researcher at Berkley University, USA and Bangor University, UK. She has carried out several positions at her university and UCEIF Foundation. Her main research interests are banking and corporate finance and she has published scientific books and articles in relevant international economics and finance journals. Judith Clifton is professor of Applied Economics at the University of Cantabria, Spain. She holds a DPhil in Political Economy from the University of Oxford, UK and has lectured at Oxford, Leeds, Oviedo, Cornell and Cantabria universities. She has published widely in international journals and is Editor of the Journal of Economic Policy Reform and the Cambridge Journal of Regions, Economy and Society. Her research interests include public policy, regulation and public services.

1 Introduction Part I Regulation 2 The Impact of Recent Regulatory Reform on the Use of Supply Chain Finance: The Case of Reverse Factoring 3 The Bank Resolution Framework in the European Union: Preliminary Evidence from Specialized and Regional Banks 4 Market Risk Disclosure in Banks' Balance Sheets and the Pillar 3 Report: The Case of Italian Banks5 Central Banks' Communication Strategies: Just Words? 6 Complaining in Consumer Credit: Evidence from the Italian Financial System Part II Corporate Governance and Performance 7 Bank Boards in Europe: Trade-Offs in Size, Composition, and Turnover 8 The Impact of Internal Corporate Governance Mechanisms on Corporate Social Performance in the Banking Industry 9 Bank Ownership and Firm-Level Performance: An Empirical Assessment of State-Owned Development Banks 10 Non-financial Rating and Socially Responsible Investment Reaction to Financial Turmoil 11 What Determines Interest Margins? The Case of Chinese Banks Part III Firm Financing and Valuation 12 How Do Banks and Investment Funds Affect FamilyRisk-Taking? Evidence from the Financial Crisis 13 Does Bank Regulation Spill Over to Firm Financing? SME Financing, Bank Monitoring, and the Efficiency of the Bank Lending Channel 14 Earn-outs in Debt Restructuring Plans: Economics and Valuation 15 Book and Market Values of European Banks: Country, Size, and Business Mix Effects Part IV Contemporary Issues 16 Assessing and Measuring Banking Culture 17 A Multidimensional Approach to Equity Crowdfunding: Bridging the Equity Gap and Boosting Social Capital 18 Structure and Risks of the Chinese Shadow Banking System: The Next Challenge for the Global Economy? 19 Analysis of the Main Trends in European and US Banks and Their Impact on Performance