Strategy and Organization of Corporate Banking
Reinhard H. Schmidt The impressive development of the finance literature with its emphasis on asset pricing and the formal modeling of incentive systems during the past three decades, has largely relegated the business and operational aspects of banking a
- PDF / 10,304,929 Bytes
- 194 Pages / 439.37 x 666.142 pts Page_size
- 50 Downloads / 197 Views
Giacomo De Laurentis (Editor)
Strategy and Organization of Corporate Banking With 12 Figures and 49 Tables
4y Springer
Professor Giacomo De Laurentis Institute of Financial Markets and Institutions Bocconi University Via Sarfatti, 25 20136 Milan Italy [email protected]
This book is based on a research developed in the Center for Financial Innovation of Bocconi University (Newfin-Bocconi) and sponsored by Banksiel spa. Research and experience made by the authors at SDA Bocconi School of Management have also strongly contributed.
Cataloging-in-Publication Data Library of Congress Control Number: 2004112290 ISBN 3-540-22797-0 Springer Berlin Heidelberg New York This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilm or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the German Copyright Law of September 9, 1965, in its current version, and permission for use must always be obtained from Springer-Verlag. Violations are liable for prosecution under the German Copyright Law. Springer is a part of Springer Science+Business Media springeronline.com © Springer Berlin • Heidelberg 2005 Printed in Germany The use of general descriptive names, registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Hardcover-Design: Erich Kirchner, Heidelberg SPIN 11310839
42/3130-5 4 3 2 1 0 - Printed on acid-free paper
Foreword Reinhard H. Schmidt The impressive development of the finance literature with its emphasis on asset pricing and the formal modeling of incentive systems during the past three decades, has largely relegated the business and operational aspects of banking as an industry from the agenda of academic research. Though this is understandable, it is especially regrettable in view of the dynamic developments in the banking industry which have started about a decade ago and are currently in full swing. Fortunately, there are now signs of a change to the effect that banking is back on the research agenda. The present book by Professor De Laurentis and his co-authors is a highly innovative and interesting manifestation of this reorientation. Banking is an important part of any financial system, and it is especially important in the financial systems of the countries of Continental Europe, such as Italy, France, and Germany, which have been bank-based for decades and which are, in my view, likely to remain bank-based for the foreseeable future. There are many reasons, based on empirical and theoretical considerations, to believe that strong banks are not only important for the banking industry itself, but also for the respective national economies. This situation m
Data Loading...
