1,721,037 research outputs found
Un confronto tra la capacità previsiva del modello random walk e dei modelli in time series sui mercati azionari europei
No full textL'evoluzione degli assetti proprietari delle società quotate italiane: un'indagine empirica riferita al periodo 1996-2000
No full textThis paper investigates the evolution of ownership structure of the Italian listed companies before and after the recent Corporate Governance Law Reform («Riforma Draghi»). While, recently the high separation between ownership and control has dramatically narrowed, this result seems not to be driven by a real spread tendency to reduce the risk of expropriation. Pulling together all findings we suggest that the typical equity structure of Italian firms continuously persists to be the only possible answer to the general market forces
Gli errori di misurazione e il premio per il diritto di voto: evidenze empiriche per lâ€TMItalia
No full text
Effect of Governance Reforms on Corporate Ownership in Italy: Is it Still Pizza, Spaghetti and Mandolino?
No full textThis paper describes the logic that guides the implementation of corporate governance reforms and investigates the extent to which the logic leads to an increase in investor protection. We use the example of Italy, where major governance reforms were passed in 1998 to protect minority shareholders from the risk of expropriation
La violazione del principio di additività del valore nei gruppi di imprese
No full textA double counting market capitalization bias occurs when listed firms own securities issued by other listed firms. In this paper, we investigate this issue in the Italian Stock Exchange, studying intercorporate shareholding and its effect upon both pyramidal groups and market as a whole. We extend previous models in order to take into right account gearing and voting premium of interlocking securities
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Full text link“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Earnings Quality in Acquired and Nonacquired Family Firms: A Socioemotional Wealth Perspective
No full textWe develop a socioemotional wealth explanation for the differences in earnings quality between family firms. We argue that the process by which families obtain ownership of firms is a key contingency affecting earnings quality. Specifically, firms acquired by families through market transactions display lower earnings quality due to lower identification of family owners relative to firms still owned by the families that created them. Acquired family firms benefit with respect to their earnings quality from having a nonfamily CEO while nonacquired family firms benefit from having a family CEO
- …
