Disentangling the Texas ratio: the case of the Italian banking sector

IF 1.2 Q3 BUSINESS, FINANCE

International Journal of Managerial and Financial Accounting Pub Date : 2020-01-01 DOI:10.1504/ijmfa.2020.10034639

Andrea Ferrarin, Maurizio Polato, Giulio Velliscig

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.

查看原文本刊更多论文

解开德克萨斯比率:以意大利银行业为例

根据欧洲央行的说法，德克萨斯比率是一个关键的绩效指标，显示了不良贷款与银行资本水平之间的依赖关系。我们以12家意大利上市银行为样本，分析了德克萨斯比率的主要驱动因素，并评估了其对盈利能力、违约概率和市净率的影响。我们的研究结果质疑了监管当局为应对不良贷款问题而采取的重组措施的整体有效性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

International Journal of Managerial and Financial Accounting BUSINESS, FINANCE-

CiteScore

2.10

自引率

7.10%

发文量

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.