Forum | Papers
N. 3 - 2014
Elvira Anna Graziano
This study investigates the effect of the publication of spin-off news, published between 2000 and 2011 in the Wall Street Journal (Wsj), on the abnormal returns of companies involved in the deal. The results of the empirical analysis ...
N. 2 - 2014
Gianfranco Gianfrate, Roberto Vincenzi
The literature that examines target prices issued by equity research analysts is vast, and the role of the analytical process and valuation model used to determine target prices has received growing attention by scholars.
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
N. 12 - 2013
Elisa Bocchialini, Maria Adele Milioli, Lucia Poletti, Beatrice Ronchini
A sample of 1,087 Italian university students was surveyed to investigate their financial education and its determinants. Financial education of first-year and third-year business and non-business students...
The Social Disclosure (Sd), in general, expressed through corporate social reporting can sometimes be reflected only in a series of fulfillment. In this perspective, the research aims to verify, with reference to Cooperative Credit Banks (Bcc) in Ita...
Edward I. Altman, Alessandro Giannozzi, Oliviero Roggi, Gabriele Sabato
The goal of this paper is to analyze the role that non-financial variables can play in assessing Smes creditworthiness and to compare their value in predicting business failure with the one of the most commonly used...
Donatella Depperu, Enrico Fabrizi, Daniele M. Ghezzi
In this article we analyze the turnover dynamics of Ceos before and after the company Ipo. Ceo turnover depends on a number of factors, related to company, personal career and traits
Irma Malafronte, Maria Grazia Starita
This research investigates disclosure practices of European insurers over the 2006-2010 time horizon. First, it constructs a disclosure index based on the information companies provide in their annual reports. Then, it estimates the relationship betw...
The cooperative credit system in Europe has been affected to a lesser extent by the crisis than other banks: cooperative banks have maintained a good quality of loans and a low pro-cyclicality of credit supply
Laura Chiaramonte, Federica Poli, Marco Ercole Oriani
Based on a sample of banks from eleven European countries over the period 2001-2010, this paper examines the stability of cooperative banks in comparison with other business models, as well as the specific role played ...