1,721,118 research outputs found
Operazioni urgenti con parti correlate e misure emergenziali adottate dalla Consob in connessione con la pandemia da COVID-19 (Delibera 10 giugno 2020 n. 21396). Brevi spunti di riflessione
No full textL'Unione europea e la crisi pandemica: una politica di crescita solidale necessaria
No full textIl saggio illustra come la pandemia abbia accelerato alcuni processi istituzionali già in corso nell'Unione europea, e ne abbia provocati di nuovi
Key Factors in Delisting Process in Italy. Empirical evidence
Full text linkWe investigated the characteristics and motives of Italian voluntary delisting observing a period of eleven years, 2001 to 2011. The final sample is made up of 53 industrial companies, compared with a control sample of 106 companies still listed in the period. Main goal is to assess if any signals can predict a delisting operation for listed companies in Italy and if Italian market shows differences with previous investigation in Continental Europe and US. Practical implications of results achieved can help to highlight on Public to Private phenomenon in Italy, still not enough observed considering the high number of delisted companies in the last decade relating to a relative small number of listed companie
Voluntary Delisting in Italy. Are Italian Listed Firms Moved by Different Incentives?
No full textThe purpose of the paper is to examine the incentives and motives of Italian voluntary delisting between 2001 and 2011. Focusing on a sample of 53 industrial companies, we empirically tested if incentives acknowledged by main academic literature on the topic can be considered also for Italian listed companies. In particular, we tested for hypotheses related to Free Cash Flow, Leverage Potential, Decreasing Benefits of Being Listed, Limited Capital Market Efficiency and Dividend Payments. Results show that Italian firms are moved substantially by different incentive
Going Dark in Italy: Evidence from last decade
No full textThe purpose of the paper is to examine the characteristics and motives of Italian voluntary Public to Private transactions (PTPs) between 2001 and 2011 observing a final sample of more than 53 industrial companies, compared with a control sample of 106 companies still listed in the period. Main goal is to assess if any signals can predict a going private operation for listed companies in Italy and, if positive, Italian market shows differences with previous investigation in Continental Europe and US. Most of going private research is based on US samples, starting from 1980s, and on UK sample, both characterize by distinctive features related to governance (i.e., degree of openness of share capital, ability to control shareholder capital with low percentage). On the contrary, Italian market is closely characterized by presence of large shareholder, as family owner or historical owner, as observed for a large number of listed companies in Continental Europe (Faccio and Lang, 2002). After having briefly reviewed main contribution from most recent literature, this work provides test of different hypotheses trying to explain the delisting phenomenon In Italy considering a wide range of motivations. Practical implications of results achieved can help to highlight on Public to Private phenomenon in Italy, still not enough observed considering the high number of delisted companies in the last decade relating to a relative small number of listed companies
Dalla contingenza alla resilienza: a quali condizioni il covid-19 alimenterà consolidation e regionalizzazione delle GVC?
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L'impatto dell'emergenza Covid-19 sulla lotta alle claims scorrette in una prospettiva anche europea
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