Italian Abstract: La verifica della documentazione amministrativa dei partecipanti ad un bando pubblico può risultare tra le fasi più impegnative delle procedure di affidamento dei contratti pubblici – sia in termini di durata che di risorse impiegate. L’istituto dell’inversione...

The Italian insolvency framework makes several restructuring tools available to firms and their creditors, so that distress does not necessarily lead to liquidation. This paper analyses two such instruments: debt restructuring agreements (DRAs) and compositions with creditors (CCs), both...

Italian Abstract: Le lunghe procedure esecutive di recupero del debito possono incidere negativamente sul sistema economico e finanziario, ad esempio nella gestione dei crediti deteriorati. Questo lavoro analizza le caratteristiche dei pignoramenti immobiliari in Italia e le determinanti della...

In a context characterized by upcoming regulatory changes and deeply affected by the COVID-19 epidemic, this paper examines the diffusion of firm undercapitalization (i.e., the firm displaying a level of equity below the legal limit) among Italian corporations. In a proposal by the National...

The economic losses inflicted by the pandemic shock caused severe capital shortfalls for many corporates, which led to public measures being adopted to support firms’ recapitalization and the rebalancing of their financial structure. However, evidence about the dynamics and features of these...

We construct local-level statistical indicators of corruption based on the number of reported crimes, on citizens' trust in local public institutions, on perceptions of administrations' integrity and on the quality of public expenditure and we examine the impact that the presence of corruption,...

Italian Abstract: L’efficace funzionamento della Pubblica amministrazione dipende dalla sua capacità di attrarre e selezionare risorse qualificate e di motivarne l’impegno. Le politiche di reclutamento e di carriera influiscono sulla composizione del pool di candidati che si sottopongono...

In this paper, we provide an assessment of the evolution of markups in Italy in the last twenty years. To this aim, we resort to both macro and micro data and estimation techniques, namely reduced forms accounting measures (price-cost margins) and production function model-based indicators. When...

We explore the role of ownership, governance and management characteristics as potential drivers of the performance gaps between firms located in the Centre and North and in the South of Italy. First, we document that southern firms are characterized by more frequent family ownership and a...