Similar Search Results

The Political Economy of Investor Protection

Tommasino, Pietro - Banca d'Italia - 2006

Why do some countries suffer from backward financial institutions and weak corporate governance rules? We show that, even if, overall, the economy would benefit corporate governance reforms, not all the agents would stand to gain from the improvement. In particular, entrepreneurs and firms that...

Persistent link: https://www.econbiz.de/10005609341

Managerial incentives, financial constraints and ownership concentration

Protopapa, Marco - Banca d'Italia - 2011

This work investigates the role of equity ownership for the purpose of committing the management to the pursuit of shareholder value in the presence of separation between ownership and control. By rooting the conflicts of interests between managers and shareholders upon the control of internal...

Persistent link: https://www.econbiz.de/10008917792

Financial innovation oversight: a policy framework

Carlo, Gola; Antonio, Ilari - Banca d'Italia - 2013

This paper proposes a policy framework for intercepting, monitoring and containing the unintended harmful effects of financial innovation. The current approach, adopted by several authorities, makes extensive use of the tools of transparency and disclosure, mainly for consumer protection. It has...

Persistent link: https://www.econbiz.de/10011099606

Women on corporate boards in Italy

Bianco, Magda; Ciavarella, Angela; Signoretti, Rossella - Banca d'Italia - 2013

We examine the presence of women in Italian corporate boards before the introduction of Law 120/2012. We consider all directors of publicly-traded firms in 2008-10 and investigate the potential determinants of having boards with gender-diverse representation and the correlation between female...

Persistent link: https://www.econbiz.de/10011100338

Women on Italian bank boards: are they ï¿½gold dustï¿½?

Prete, Silvia Del; Stefani, Maria Lucia - Banca d'Italia - 2013

Italy ranks among EU countries with the fewest women on bank boards. Using a rich dataset on Italian banks that … combines individual data on bank governance with different measures of performance and risk, this paper analyses the …), other individual characteristics and bank features being equal. Moreover, results show that the number of women at the top …

Persistent link: https://www.econbiz.de/10011100416

Efficiency vs. agency motivations for bank takeovers: some empirical evidence

Vincenzo, Alessio De; Doria, Claudio; Salleo, Carmelo - Banca d'Italia - 2006

Bank takeovers result on average in little improvements in performance. This may be due to conflicting driving forces … behind them; however these have seldom been studied. We study directly the motivations for bank acquisitions by analyzing the …

Persistent link: https://www.econbiz.de/10005113643