Autori: Graziano EA ., Farina V., Fattobene L.
Editore: Palgrave Macmillan
Tipologia Prodotto: Research Paper (Contributo in volume internazionale)
Titolo del Volume: “Risk culture in Banking: Theory, measurement and management”, Carretta A., Fiordelisi F. (eds.)
Numero prima e ultima pagina: 195 – 211
Codice ISBN: 978-3-319-57591-9
Anno di Pubblicazione: 2017
The cyclic financial crises reveal that banking authorities are failing to
capture all the elements and information needed to ensure an effec- tive and sound regulation, as well as appropriate supervision and risk management of the banking sector. Besides frame- works, norms, laws, instruments and processes, the banking industry is essentially made up of people whose behaviour is moulded by cul- ture. Remarkably, risk culture has been defined as an essential tool for a value creation process of risk management. This chapter aims to prove the role and influence of mass media in controlling banks’ risk-taking behaviour and in shaping their risk culture. Mass media are a potentially highly effective mechanism of external control on the banking system. A watchdog role in the financial market is often referred to as one of the main functions of media. Therefore, the Banking Risk Coverage is constructed on the basis of news coverage related to risk issues. Newspaper articles from 1998 to 2015 for the EU-15 countries have been analyzed using the text analysis technique and synthesized in a country- level index: in order to test the BRC index “in the field”, it is then compared to the asset quality of banks.
Keywords: Media coverage, Banking risk, Text-analysis, Banking stability, Banking asset quality