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In the last decades, the studies that analyze the links between corporate social responsibility and financial performance in developed countries show mixed and inconclusive results, so additional research is required
María García-Benau; Nicolás Gambetta; Laura Sierra-García. Financial Risk Management and Sustainability. Sustainability 2021, 13, 8300 .
AMA StyleMaría García-Benau, Nicolás Gambetta, Laura Sierra-García. Financial Risk Management and Sustainability. Sustainability. 2021; 13 (15):8300.
Chicago/Turabian StyleMaría García-Benau; Nicolás Gambetta; Laura Sierra-García. 2021. "Financial Risk Management and Sustainability." Sustainability 13, no. 15: 8300.
This study analyses the impact of Spanish financial institutions’ risk profile on their contribution to the 2030 Agenda. Financial institutions play a significant role in ensuring financial inclusion and sustainable economic growth and usually incorporate environmental and social considerations into their risk management systems. The results show that financial institutions with less capital risk, with lower management efficiency and with higher market risk usually make higher contributions to the Sustainable Development Goals (SDGs), according to their sustainability reports. The novel aspect of the present study is that it identifies the risk profile of financial institutions that incorporate sustainability into their business operations and measure the impact generated in the environment and in society. The study findings have important implications for shareholders, investors and analysts, according to the view that sustainability reporting is a vehicle that financial institutions use to express their commitment to the 2030 Agenda and to higher quality corporate reporting.
Nicolás Gambetta; Fernando Azcárate-Llanes; Laura Sierra-García; María García-Benau. Financial Institutions’ Risk Profile and Contribution to the Sustainable Development Goals. Sustainability 2021, 13, 7738 .
AMA StyleNicolás Gambetta, Fernando Azcárate-Llanes, Laura Sierra-García, María García-Benau. Financial Institutions’ Risk Profile and Contribution to the Sustainable Development Goals. Sustainability. 2021; 13 (14):7738.
Chicago/Turabian StyleNicolás Gambetta; Fernando Azcárate-Llanes; Laura Sierra-García; María García-Benau. 2021. "Financial Institutions’ Risk Profile and Contribution to the Sustainable Development Goals." Sustainability 13, no. 14: 7738.
The materiality matrix is a tool that helps companies understand how the stakeholders’ view of material issues in environmental, social, and economic/governance dimensions influences their value creation process, and creates triple bottom line impacts through shaping their strategic business model elements. Building on the multidimensional definition of materiality, we propose to use the materiality matrix as a tool to aid the transformation of a company’s existing traditional business model into a more sustainable one (inside-out approach), and to enable the identification of the most appropriate business model archetype to incorporate innovation into its sustainable business model (outside-in approach). This paper presents the materiality matrix as a new tool to enhance and transpose a company’s business model towards sustainability—as illustrated through the analysis of the Viña Concha y Toro business model case. This new tool contributes to sustainable business model literature and stakeholder theory by incorporating the materiality matrix as a gateway to business model innovation, and as a tool to explain the dynamics in the sustainable value creation process and concomitant impact on stakeholders.
Valeska Geldres-Weiss; Nicolás Gambetta; Nathaniel Massa; Skania Geldres-Weiss. Materiality Matrix Use in Aligning and Determining a Firm’s Sustainable Business Model Archetype and Triple Bottom Line Impact on Stakeholders. Sustainability 2021, 13, 1065 .
AMA StyleValeska Geldres-Weiss, Nicolás Gambetta, Nathaniel Massa, Skania Geldres-Weiss. Materiality Matrix Use in Aligning and Determining a Firm’s Sustainable Business Model Archetype and Triple Bottom Line Impact on Stakeholders. Sustainability. 2021; 13 (3):1065.
Chicago/Turabian StyleValeska Geldres-Weiss; Nicolás Gambetta; Nathaniel Massa; Skania Geldres-Weiss. 2021. "Materiality Matrix Use in Aligning and Determining a Firm’s Sustainable Business Model Archetype and Triple Bottom Line Impact on Stakeholders." Sustainability 13, no. 3: 1065.
This study investigates the risk profile of banks that get a significant capital level reduction in the EU-wide stress test exercises. Using the CAMELS multifaceted risk approach, we look into the connection between the bank risk factors and the macro stress testing impact on capital. The results show that financial institutions that are inefficient or complex, with low profitability levels and small loan portfolio, receive highly negative results in the stress tests. As this risk profile is not consistent over time, the results support the stress tests disciplinary role, suggesting risk management strategy adjustment through consideration of prior stress test outcomes.
Nicolás Gambetta; María Antonia García-Benau; Ana Zorio-Grima. Stress test impact and bank risk profile: Evidence from macro stress testing in Europe. International Review of Economics & Finance 2019, 61, 347 -354.
AMA StyleNicolás Gambetta, María Antonia García-Benau, Ana Zorio-Grima. Stress test impact and bank risk profile: Evidence from macro stress testing in Europe. International Review of Economics & Finance. 2019; 61 ():347-354.
Chicago/Turabian StyleNicolás Gambetta; María Antonia García-Benau; Ana Zorio-Grima. 2019. "Stress test impact and bank risk profile: Evidence from macro stress testing in Europe." International Review of Economics & Finance 61, no. : 347-354.
This study was conducted to analyse the influence of auditor and client characteristics on the magnitude and type of key audit matters (KAM) disclosed in the audit reports of the FTSE 100 companies in the UK during the period 2013–2016. A recently introduced standard requires auditors to reveal the main risks faced by the client and to describe how these are addressed in the audit. Our results show that Deloitte, EY and KPMG tend to report fewer entity-level-risk KAM (ELRKAM) than PwC, while KPMG and BDO report fewer account-level-risk KAM (ALRKAM) than PwC. In general, auditors of companies that pay higher audit services fees present more ELRKAM and fewer ALRKAM. Our findings also show that client characteristics are relevant to the number and type of KAM included in the audit report. Our results show that auditor and client characteristics are determinants of the number of KAM disclosed and, moreover, determine the type of KAM disclosed in the audit reports.
Laura Sierra-García; Nicolás Gambetta; María A. García-Benau; Manuel Orta-Pérez. Understanding the determinants of the magnitude of entity-level risk and account-level risk key audit matters: The case of the United Kingdom. The British Accounting Review 2019, 51, 227 -240.
AMA StyleLaura Sierra-García, Nicolás Gambetta, María A. García-Benau, Manuel Orta-Pérez. Understanding the determinants of the magnitude of entity-level risk and account-level risk key audit matters: The case of the United Kingdom. The British Accounting Review. 2019; 51 (3):227-240.
Chicago/Turabian StyleLaura Sierra-García; Nicolás Gambetta; María A. García-Benau; Manuel Orta-Pérez. 2019. "Understanding the determinants of the magnitude of entity-level risk and account-level risk key audit matters: The case of the United Kingdom." The British Accounting Review 51, no. 3: 227-240.
This paper explores the financing framework for sustainable development in Uruguay, an emerging economy, and examines whether available financing instruments contribute to achieving the sustainable development goals (SDGs) in which significant progress is still required in this country. Reports, policy documents and academic literature were reviewed to determine the types of sustainable development financing instruments available, and to analyse the challenges facing emerging economies in this regard. In addition, the financing programmes available from the public sector, non-governmental organisations (NGOs), the financial sector and multilateral credit agencies were examined. The results obtained show that the main financing sources for sustainable development are located within the public sector due to the absence of a developed financial market, and that the existing financial instruments do not address the SDGs where most attention is required. The latter circumstances make it challenging to achieve these SDGs in Uruguay. The study findings highlight the need for greater coordination among all parties to make efficient use of the scarce resources available to an emerging economy and thus enable it to meet its SDGs.
Nicolás Gambetta; Paula Azadian; Victoria Hourcade; María Elisa Reyes. The Financing Framework for Sustainable Development in Emerging Economies: The Case of Uruguay. Sustainability 2019, 11, 1059 .
AMA StyleNicolás Gambetta, Paula Azadian, Victoria Hourcade, María Elisa Reyes. The Financing Framework for Sustainable Development in Emerging Economies: The Case of Uruguay. Sustainability. 2019; 11 (4):1059.
Chicago/Turabian StyleNicolás Gambetta; Paula Azadian; Victoria Hourcade; María Elisa Reyes. 2019. "The Financing Framework for Sustainable Development in Emerging Economies: The Case of Uruguay." Sustainability 11, no. 4: 1059.
La modificación del contenido del informe de auditoria responde a la aplicación de la exigencia impuesta por el art. 5 de la Ley de Auditoria y concretada por la NIA-ES 701 “Cuestiones clave de auditoria” (CCA) (ICAC, 2016). Como novedad se exige al auditor que, atendiendo a su juicio profesional, muestre en el informe los riesgos más significativos de la auditoría de la empresa y las respuestas a esos riesgos. Debido a que dentro del entorno europeo, el Reino Unido ya viene informando de dichos riesgos desde 2013 y que en España todavía no disponemos de los mismos, hemos planteado esta investigación. El objetivo es pronosticar el nivel de CCA que previsiblemente nos encontraremos en España y además, distinguiendo entre si dichas CCA se deben a riesgos de la entidad o a riesgos contables. Para alcanzarlo hemos utilizado como muestra de análisis (144 observaciones de empresas no financieras y cotizadas en el FTSE100) para los años 2013 y 2016. Nuestros resultados muestran que, puesto que la estructura del mercado de auditoría es bastante similar en España y en el Reino Unido, las diferencias en el número de CCA serán muy poco relevantes. Este trabajo contribuye a profundizar el entendimiento de los nuevos informes de auditoría lo cual será útil por contribuir, por un lado, a académicos en el desarrollo de una línea de investigación emergente y, por otro, a profesionales que se encentrarán en breve con la difícil tesitura de emitir los primeros informes de acuerdo a la nueva normativa. The modification of the content of the audit report responds to the application of the requirement imposed by the NIA-ES 701 "Key Audit Matter" (KAM) (ICAC, 2016). The new standard requires the auditor to disclose in the audit report, based on the professional judgment, the most significant risks of the company identified during the audit and how they addressed those risks. Within the European environment, the United Kingdom has been including such risks in the audit reports since 2013. As in Spain the effects of the new audit standard are not evident yet, we propose this research with the objective of forecasting the level of KAMs to be seen in the audit reports in Spain, distinguishing if these KAMs are entity-level or account-level risks. In order to achieve this, the sample includes 144 observations of non - financial companies listed in the FTSE100 for the years 2013 and 2016). The results show that since the structure of the audit market is quite similar in Spain and in the United Kingdom, the differences in the number of KAM will not be relevant. This paper is timely to contribute, on the one hand, to academics in the development of an emerging research area and, on the other hand, to professionals who will face soon the difficult task of issuing audit reports in accordance with the new European regulation.
Nicolás Gambetta; Manuel Orta Pérez; Laura Nieves Sierra García; María Antonia García Benau. The key audit questions expected in Spain: are the auditors predictable? Revista de Contabilidad 2019, 22, 32 -40.
AMA StyleNicolás Gambetta, Manuel Orta Pérez, Laura Nieves Sierra García, María Antonia García Benau. The key audit questions expected in Spain: are the auditors predictable? Revista de Contabilidad. 2019; 22 (1):32-40.
Chicago/Turabian StyleNicolás Gambetta; Manuel Orta Pérez; Laura Nieves Sierra García; María Antonia García Benau. 2019. "The key audit questions expected in Spain: are the auditors predictable?" Revista de Contabilidad 22, no. 1: 32-40.
The purpose of this study is two-fold: firstly, to analyze the benefits of implementing an enterprise resource planning (ERP) system and using eXtensible Business Reporting Language (XBRL) format to report in the banking industry considering the industry's specific risks and complexities. Secondly, to show that both, ERP and XBRL are necessary to successfully use Computer Assisted Audit Techniques (CAATs) while performing audit procedures to verify the compliance of certain crucial regulatory requirements. The study shows the possible consequences of not using CAATs to audit the compliance of loan loss provisions' regulatory requirements in Uruguay.
Nicolás Gambetta; María Antonia García-Benau; Ana Zorio-Grima. Data analytics in banks' audit: The case of loan loss provisions in Uruguay. Journal of Business Research 2016, 69, 4793 -4797.
AMA StyleNicolás Gambetta, María Antonia García-Benau, Ana Zorio-Grima. Data analytics in banks' audit: The case of loan loss provisions in Uruguay. Journal of Business Research. 2016; 69 (11):4793-4797.
Chicago/Turabian StyleNicolás Gambetta; María Antonia García-Benau; Ana Zorio-Grima. 2016. "Data analytics in banks' audit: The case of loan loss provisions in Uruguay." Journal of Business Research 69, no. 11: 4793-4797.
This study analyzes the impact of risk profile on sustainability reporting and its quality in European banks. Financial institutions (FI) play a social role in the financial inclusion process and incorporate environmental considerations into credit risk assessment, making corporate social responsibility (CSR)-related issues vital for risk management systems. FI with lower capital risk, higher liquidity risk, higher profitability in banking, and higher sensitivity to market risk tend to issue CSR reports. The findings suggest that FI with lower profitability in banking disclose higher quality CSR financial services sector (FSS)-specific information, whereas FI not submitting CSR reports for external assurance or having their CSR reports assured by certain auditors issue lower quality CSR/FSS-specific information.
Nicolás Gambetta; María Antonia García-Benau; Ana Zorio-Grima. Corporate social responsibility and bank risk profile: evidence from Europe. Service Business 2016, 11, 517 -542.
AMA StyleNicolás Gambetta, María Antonia García-Benau, Ana Zorio-Grima. Corporate social responsibility and bank risk profile: evidence from Europe. Service Business. 2016; 11 (3):517-542.
Chicago/Turabian StyleNicolás Gambetta; María Antonia García-Benau; Ana Zorio-Grima. 2016. "Corporate social responsibility and bank risk profile: evidence from Europe." Service Business 11, no. 3: 517-542.
Nicolás Gambetta; Ana Zorio-Grima; María Antonia García-Benau. Complaints management and bank risk profile. Journal of Business Research 2015, 68, 1599 -1601.
AMA StyleNicolás Gambetta, Ana Zorio-Grima, María Antonia García-Benau. Complaints management and bank risk profile. Journal of Business Research. 2015; 68 (7):1599-1601.
Chicago/Turabian StyleNicolás Gambetta; Ana Zorio-Grima; María Antonia García-Benau. 2015. "Complaints management and bank risk profile." Journal of Business Research 68, no. 7: 1599-1601.