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Corporate geography in multi-plant firms
Cappariello, Rita; Federico, Stefano; Zizza, Roberta - Banca d'Italia - 2012
This paper focuses on how multi-plant firms allocate their workforce and investments between headquarters or plants located in or close to the headquarters area (HQ plants) and those located in the same country but farther away from the headquarters area (non-HQ plants). Using survey data on...
Persistent link: https://www.econbiz.de/10011099643
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Credit ratings in structured finance and the role of systemic risk
Violi, Roberto - Banca d'Italia - 2010
This paper explores the implications of systemic risk in Credit Structured Finance (CSF). Risk measurement issues loomed large during the 2007-08 financial crisis, as the massive, unprecedented number of downgrades of AAA senior bond tranches inflicted severe losses on banks, calling into...
Persistent link: https://www.econbiz.de/10008677911
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The procyclicality of foreign bank lending: evidence from the global financial crisis
Albertazzi, Ugo; Bottero, Margherita - Banca d'Italia - 2013
We exploit highly disaggregated bank-firm data to investigate the dynamics of foreign vs. domestic credit supply in Italy around the period of the Lehman collapse, which brought a sudden and unexpected deterioration of economic conditions and a sharp increase in credit risk. Taking advantage of...
Persistent link: https://www.econbiz.de/10011099650
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Innovation and Foreign Technology in Italy,1861-2011
Amidei, Federico Barbiellini; Cantwell, John; … - Banca d'Italia - 2011
The paper explores the long run evolution of Italy's performance in technological innovation as a function of international technology transfer, reconstructing the different phases and dimensions of Italian innovative activity, tracking the transfer of foreign technological knowledge through a...
Persistent link: https://www.econbiz.de/10010548014
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Innovation and Foreign Technology in Italy,1861-2011
Amidei, Federico Barbiellini; Cantwell, John; … - Banca d'Italia - 2011
The paper explores the long run evolution of Italy's performance in technological innovation as a function of international technology transfer, reconstructing the different phases and dimensions of Italian innovative activity, tracking the transfer of foreign technological knowledge through a...
Persistent link: https://www.econbiz.de/10009364460
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Old and new Italian multinational firms
Berta, Giuseppe; Onida, Fabrizio - Banca d'Italia - 2011
After a quick profile of Italian foreign direct investments since 1900 and a short review of the main explanations of the lagged multinational growth by Italian manufacturing companies, a quick glimpse of business histories is given to the only two still today living "old protagonists" (Pirelli,...
Persistent link: https://www.econbiz.de/10009364464
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The Determinants of Cross-Border Bank Share holdings: an Analysis with Bank-Level Data from OECD Countries.
Focarelli, D.; Pozzolo, A.F. - Banca d'Italia - 2000
This paper investigates which factors determine a bank's decision to expand its activities abroad and what determines its choice of the countries to invest in. The empirical analysis is conducted using firm-level data on foreign subsidiaries for a representative sample fo nearly 2,500 OECD banks.
Persistent link: https://www.econbiz.de/10005671383
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Outsourcing versus Integration at Home or Abroad
Federico, Stefano - Banca d'Italia - 2010
Using data on a sample of Italian manufacturing companies, this paper analyzes the location (at home or abroad) and the mode of organization (outsourcing versus integration) of intermediate inputs production. We find evidence of a productivity ordering (largely consistent with the assumptions in...
Persistent link: https://www.econbiz.de/10008582225
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European acquisitions in the United States: re-examining Olivetti-Underwood fifty years later
Amidei, Federico Barbiellini; Goldstein, Andrea; … - Banca d'Italia - 2010
While Italy's catch-up in the course of the 20th century has been nothing short of extraordinary, it has failed to produce a large number of global business players. Nonetheless, half a century ago an Italian company concluded what was at the time the largest-ever foreign takeover of a US...
Persistent link: https://www.econbiz.de/10008587615
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The internationalization of the Italian productive system
Cristadoro, Riccardo; Federico, Stefano - Banca d'Italia - 2015
, globally as well as in Italy. However, our country is characterized by lower direct investment flows and stocks, both outgoing … and incoming, compared to the other main European countries. The research discusses the recent trends in direct investment … flows, the costs and benefits of direct investment, the effects of the crisis, the role of international procurement, the …
Persistent link: https://www.econbiz.de/10011171337