Andrea Ferrarin, Maurizio Polato, Giulio Velliscig
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引用次数: 1
Abstract
According to the ECB, the Texas ratio represents a key performance indicator that shows the dependency between the NPLs and the level of bank capitalisation. Using a sample of twelve Italian listed banks, we disentangle the main drivers of the Texas ratio and evaluate its impact on profitability, probability of default and price-to-book value. Our findings question the overall effectiveness of the restructuring measures undertaken by both supervisory and regulatory authorities to cope with the NPLs' issue.
期刊介绍：
IJMFA covers all aspects of managerial and financial accounting. The key difference between managerial and financial accounting is that managerial accounting information is aimed at helping managers within the organisation, while financial accounting is aimed at providing information to external parties. In today''s advanced manufacturing environment, various issues arise for accounting standard-setting practicing professionals. Solving the separate issues of managerial and financial accounting is a significant challenge, and IJMFA assists researchers in overcoming these challenges in an efficient, effective manner.
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