Barucci, Emilio; Mattesini, Fabrizio - Centro di Studi Internazionali Sull'Economia e la … - 2008
The paper studies the motivations behind banks’ shareholding of non-financial firms using a panel of large Italian companies in the period 1994-2000. Empirical evidence shows that banks are shareholders of companies that are less profitable, have experienced slower growth, are more indebted...