The target of our research is focused on the measurement of the impact of a Country Governance Index and of a Corporate Productivity Index on the total annual investment returns of stocks of a large sample of European Industrial Companies from January 1, 1996 to December 31, 2008. The authors...

This study analyzes a sample of cooperative banks in Italy and Germany, using panel data from 2006-2009. The empirical analysis shows that there are significant differences in stability and performance between the two countries considered. In particular, the findings show that Italian...

In this paper we stress the limits of the current debt sustainability framework used in the IMF-WB HIPC Initiative and the necessity to include domestic public debt into the analysis. The standard sustainability analysis does not take into account the fully-fledged budget constraint and the...