Learning is a continuous process, without end, which takes place throughout life, and is the result of the interaction of an individual with a physical external environment, a social context or with herself. In what new technologies may help improving and making more effective the interaction of...

Nel 2008 le "Cantine di Marzo" terminano un lungo processo di concentrazione dell’assetto proprietario che ha portato a una drastica riduzione del numero dei soci, concentrando nelle mani degli attuali proprietari pressappoco l’86% delle quote. Questo processo di revisione dell’assetto...

<em>Alcune riflessioni sulla finanza nei distretti industriali. Rischio, creazione di valore e problematiche di finanziamento nelle imprese distrettuali</em>( di Pierpaolo Singer, Antonio D'Amato) - ABSTRACT: Le difficoltà delle PMI e, più in particolare, di quelle distrettuali di reperire risorse...

This research explores the effects of securitization on banks equity risk exposure. A widespread opinion before the crisis of 2007–2008 was that securitization enhances financial stability. We provide empirical evidence of the impact of securitization on the market's perception of the...

We investigate the effects on stock prices around the Ex-rights Dates (EDs) of rights offerings by firms listed on the Italian Stock Exchange. We focus on the period from January 2007 to April 2011, whereby several operations have been highly dilutive. Highly dilutive rights offerings show high...

This research examines the effects of securitization on the bank's risk exposure both in terms of individual expected shortfall and marginal expected shortfall as a measure of systemic risk. The relationship between securitization activity and tail risks is especially relevant in light of the...

Purpose -The purpose of this paper is to investigate the discretionary use of loan loss provisions in the Chinese banking sector during the global financial crisis. The objective of this paper is twofold: to add new evidence to the scant literature dealing with a peculiar banking sector, such as...

The current financial crisis has strongly affected the financial status (expressed by the funding ratio) of the pension funds and their ability to grant full indexation of the liabilities to inflation rate. The indexation benefits represent a priority for a participant of a pension fund bearing...