The State of the Art of Academic Research on Non-performing Loans: A Structured Literature Review

This study aims to conduct a Structured Literature Review (SLR) on Non-Performing Loans (NPLs), defined as distressed credits or deteriorated loans, to explore their historical developments and prospects. NPLs played a prominent role in the global financial landscape post the 2007 economic crisis and, nowadays, their volume is managed thanks to regulatory intervention. However, academic research on this topic is limited and sparse, particularly in relation to market volume and prices trend, as well as emerging management strategies and sustainability’s perspective. Therefore, our objective is to fill this gap and observe how the academic literature has responded to the development of this instrument. The SLR, and its associated bibliometric analysis, conducted using the Biblioshny package available on R-Studio, were performed on a sample of 1.236 academic documents (Articles, Book Chapters and Conference Papers) available on Scopus and published from 2010 to 2023. The sample, selected through a rigorous and validated screening procedure, was then studied across variables defined in the Analytical Framework: Topics, Research Methods, Research Area and Geographical Area. Based on this analysis, as explicitly stated in the findings section, we observe specific trending topics and geographical areas of study related to NPLs. This study not only helps fill a significant gap in academic literature concerning NPLs, but also provides important implications for financial practice and economic policy conducted by professionals, aiding in a better understanding of how to address and manage NPLs in various economic and geographical contexts. The originality of this research lies in its structured approach and use of bibliometric analysis, to examine a wide range of academic publications over an extended period, serving as a potential base for further insights and future studies

Gender Diversity: An Empirical Study on 4.151 US Investment Funds

The aim of this paper is to explore the issue of gender diversity (GD) in relation to the world of investment funds. In recent times, in fact, savers’ choice does not only converge on the mere pursuit of profit. Investment funds, in this scenario, are increasingly judged according to their environmental and ethical actions, and not just by the promised rewards. Individual and institutional investors, on this wake, are aligning their behavior with their values by taking responsibility for the investments they select. It is central, therefore, to understand and observe how issues such as GD are evaluated, managed and converted into rating values by funds. This paper is supported by a mixed research methodology involving, on the one hand, an in-depth literature review on the aforementioned topic and, on the other hand, a statistical study developed with the “R-Studio” program. Through the statistical derivation, this study proposes an analysis of histograms and scatter plots on a sample of 4.151 investment funds and the GD-related rating judgments compared with their net assets and longevity. Based on our findings, funds with higher net assets achieve high rating classes but not excellence. In fact, larger funds reside in lower rating classes. Similarly, it is also valid for the amount of capital managed by the funds. From the empirical evidence we provide, it can also be seen that, there is no evidence between GD rating category and youngest funds longevity. Filling a gap that exists in the literature on GD-related rating assessment in investment funds, the originality of this paper concerns the descriptive statistics proposed. In fact, the paper contributes to the literature on GD by enriching the analysis of the factors surveyed for its measurement and rating judgment. This study may have both theoretical and practical implications. From a practical perspective, the statistical evidence in this paper could be a guideline for practitioners oriented toward ethical and profitable investment choices. From a theoretical point of view, instead, GD evaluation and monitoring could be a tool to reduce problems related to transparency and legitimacy theory, mitigating information asymmetry between parties and aligning them on potential risks

Corporate Sustainability Reporting Directive (CSRD) and His Future Application Scenario for Italian SMEs

The aim of this paper is to outline the salient points of CSRD (2022/2464/EU Directive) and reflect on its application for smaller enterprises, which typically have fewer resources than their listed counterparts. For these small entities the challenge of sustainability turns out to be more impactful and complex, potentially constituting an “information tsunami” for which they may find themselves completely unprepared. The theoretical framework underpinning this paper is overload theory. This theory, also linked to the economic and accounting background, is deeply rooted in the international academic literature as a “hot topic”, which suggests that processes may lead to increased cognitive overload due to excessive information volume. To test our hypothesis about the potentially overwhelming burden of environmental, social and governance (ESG) reporting for small-medium enterprises (SMEs), we decided to observe how Italian ones use and manage the Sustainability Reporting (SR) as a voluntary tool. For this purpose, we carried out an empirical study related to a descriptive statistic based on a sample of 72 innovative Italian SMEs. To apply the utmost scientific rigor to our judgments, in accordance with the extensive literature reviewed, including in the field of accounting, we have based our empirical study on the established methodological technique of Content Analysis

Studio sulla implementazione del bilancio sociale nelle aziende non lucrative che svolgono attività di raccolta fondi.

Lo studio ha consentito l'elaboraizone di un modellodi bilancio sociale ad hoc per le aziende non lucrative che svolgono attività di raccolta fondi per conto terzi

Ricerca sulla applicazione dei principi contabili internazionali - Ricerca non pubblicata

La ricerca si incentra sulle possibile conseguenze che nell'ordinamento italiano comporterà la applicaizone dei principi contabili internazionali e, in particolar modo, quelli che prevedono la valutazione di taluni elementi contabili al fair value anziché al costo

Studio sulla rilevazione di talune voci di bilancio delle aziende non lucrative che svolgono attività di raccolta fondi.

Lo studio ha esaminato le voci di bilancio caratteristiche dei fund raisers professionali allo scopo di analizzare le possibili forme che può assumere il rendiconto che in caso di campagne di raccolta fondi tali aziende redigono; ha inoltre avuto l'obiettivo di individuare delle modalità di contabilizzazione di talune specifiche voci adatte a rendere il rendoconto in parola il più possibile intelligibile e fruibile da parte degli stakeholders e, in particolare, dei donatori

L'informativa per segmenti. Considerazioni in merito al documento IFRS 8 "Operating Segments"

Il lavoro si pone l'oibiettivo di delineare i principali contenuti del documento IFRS 8 e di evidenziarne gli aspetti innovativi rispetto allo IAS14 e gli elelmenti di convergenza con il principio contabile n. 131 del Financial Accounting Standards Board statunitense.The goal of this work, focused on segmental accounting, is to evaluate whether the new IFRS - more similar than the previous IAS 14 to SFAS 131 - will be able to improve the accountability of European enterprises engaged in different business and working in a variety of geographical areas

L'informativa contabile nelle aziende di raccolta fondi

La ricerca analizza le possibili forme di rendicontazione (obbligatoria e volontaria) dei risultati dell'attività di raccolta fondi. Essa è fondata su un'analisi empirica effettuata su alcuni fund raiser professionali