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Conclusion

In: Adapting to Change

Author

Listed:
  • Egidio Palmieri

    (University of Udine)

  • Enrico Fioravante Geretto

    (University of Udine)

Abstract

The final chapter of the monograph, ‘Adapting to Change: ESG and Alternative Finance in Shaping the Bank-Firm Relationship’, provides an in-depth analysis of the progressive shift in the relationship between banks and firms, moving from a foundation of personal trust to one characterized by strategic, value-driven partnerships. It chronicles the post-1995 trend towards prioritizing economic efficiency and judicial context in credit dealings and highlights the significant changes from 2010 to 2023, where ethical banking, reliability, and stability have become the cornerstones of banking practices. The role of technological advancements, especially FinTech Credit, is examined for its impact on lowering default risks, suggesting an inverse relationship that underscores the need for banks to leverage technology in credit evaluations. Environmental and governance aspects of ESG criteria are also analysed for their growing influence on financial stability and creditworthiness, with a notable emphasis on the European Banking Authority's guidelines. The monograph further assesses how engagement with FinTech Credit influences lending rates over time, advocating for dynamic risk assessment models that can adapt to these evolving factors. Ultimately, the study advises banks to modify their credit assessment processes to integrate a firm's technological and ESG engagements, reflecting the long-term implications for the bank-firm relationship amidst the rise of alternative finance and sustainability considerations.

Suggested Citation

  • Egidio Palmieri & Enrico Fioravante Geretto, 2023. "Conclusion," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Adapting to Change, chapter 0, pages 187-193, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-031-50265-1_6
    DOI: 10.1007/978-3-031-50265-1_6
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    More about this item

    Keywords

    Ethical Banking; FinTech Credit; ESG Metrics; Credit Assessment; Sustainable Finance;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General

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