Are private equity investors able to reduce the overall costs of going public? This hypothesis was tested, for the Italian market, on a sample of 155 Ipos (54 Vb and 101 Nvb) during the period 1999-2007. For each company we estimated the direct and indirect costs of listing. The main results are...

Which are the actions that can be put in place, in order to manage a serious or irreversible corporate crisis? In Italy the debt restructuring plans have been modified in recent years and the new bankruptcy provisions have introduced market solutions beside the judicial ones. Essential condition...

In this paper we consider the role of private equity for growth and restructuring processes, through the analysis of a comprehensive dataset of European going private deals during the period 1998-2007, for which we explore the post-transaction operating performance of companies gone private and...

The reorganization of branch networks recently undertaken by Italian banking groups has led many subsidiary banks to operate in territories where the parent company is not present through own branches. The delegation to physically monitor the local environment can lead to an amplified credit...

The ability of administrators to act with diligence is relevant for the quality of corporate governance for any company, but it is crucial for banks: it implies awareness of the complexity of the banking business and of the different interests involved and it requires expertise and competence,...

This paper aims to empirically test the credit risk, measured as non-performing loans, of cooperative banks which operate in a specific Italian geographic area (Lazio, Umbria and Sardegna).We perform a regression analysis over the period 1995-2009. The findings, in contrast with most of the...

The survey, coordinated by the Risk Analysis and Risk Management office of ABI, was carried out in autumn 2011 and analysed the state of the Compliance function in 40 Italian banks of various sizes. The survey covered subjects such as the reporting lines of the compliance function to top...

During the crisis the financial system experienced a concentration process driven by new M&A released by both big and medium banks. The article evaluates the role of banking features and regulatory framework in explaining the probability to be a target firm in a domestic or cross border M&A....

The crisis did not affect the ability of Italian banks to maintain the employment and professional level, with a growing female presence. In terms of international competitiveness, the labour cost structure remains a weak point, with a cost-income ratio above the European average.Among the...

In the current scenario M&A activities could not be still considered as extraordinary events. Concentrations choices are not only driven by cost rationalization and profit maximization purpose and today they could be realized in order to specialize the business model, optimize the technology...