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Corporate Governance in Banking and Investor Protection pp 255–270Cite as

Italian Banks’ Ownership, Governance and Performance: The Evolving Role of Foundations

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Part of the book series: CSR, Sustainability, Ethics & Governance ((CSEG))

Abstract

The privatization and modernization process of the Italian banking system, started in the 1990s, was helped also by the setting up of the Banking Foundations. Indeed, they initially supported Italian banks in the process of consolidation and more recently in the process of recapitalisation, as a consequent need of the crisis. The role played by the foundations in banks’ ownership therefore has always been crucial. Accordingly, they exerted (and still exert) a profound impact on banks’ governance and performance and ultimately on the financial market.

This chapter aims at analysing the trend of the foundations’ share in the capital of the Italian banks, also considering the evolution of the regulatory framework. Our principal goal is to highlight whether their shareholding contributes to the improvement of the stability, governance and profitability of the Italian banks.

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Author information

Authors and Affiliations

  1. “G. d’Annunzio” University of Chieti-Pescara, Pescara, Italy

    Giuliana Birindelli

  2. University of Pisa, Pisa, Italy

    Paola Ferretti

Authors
  1. Giuliana Birindelli
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  2. Paola Ferretti
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Corresponding author

Correspondence to Giuliana Birindelli .

Editor information

Editors and Affiliations

  1. Department of Business Administration, University of Cantabria, Santander, Spain

    Belén Díaz Díaz

  2. Guildhall Faculty of Business and Law, London Metropolitan University, London, United Kingdom

    Samuel O. Idowu

  3. College of Business Administration, University of Sharjah, Sharjah, United Arab Emirates

    Philip Molyneux

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Birindelli, G., Ferretti, P. (2018). Italian Banks’ Ownership, Governance and Performance: The Evolving Role of Foundations. In: Díaz Díaz, B., Idowu, S., Molyneux, P. (eds) Corporate Governance in Banking and Investor Protection. CSR, Sustainability, Ethics & Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-70007-6_12

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