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An assessment of financial sector rescue programmes

Panetta, Fabio; Faeh, Thomas; Grande, Giuseppe; Ho, Corrinne - Banca d'Italia - 2009

We analyse the wide array of rescue programmes adopted in several countries, following Lehman Brothersï¿½ default in September 2008, in order to support banks and other financial institutions. We first provide an overview of the programmes, comparing their characteristics, magnitudes and...

Persistent link: https://www.econbiz.de/10004964392

Do Better Institutions Mitigate Agency Problems? Evidence from Corporate Finance Choices

Giannetti, Mariassunta - Banca d'Italia - 2000

, are associated with higher leverage, but also with greater availability of long-term debt. …

Persistent link: https://www.econbiz.de/10005113552

Does corporate taxation affect cross-country firm leverage?

Socio, Antonio De; Nigro, Valentina - Banca d'Italia - 2012

We evaluate the relation between firm leverage and taxation of corporate income using a dataset of mostly unlisted … regressors. We also apply quantile regressions to evaluate a possible differential impact of taxation on leverage across firms …. Our results suggest that corporate income taxation is positively related to leverage and explains part of the cross …

Persistent link: https://www.econbiz.de/10011099709

Managerial incentives, financial constraints and ownership concentration

Protopapa, Marco - Banca d'Italia - 2011

managers and shareholders upon the control of internal funds, a simple model allows to analyse the link between profit …

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

The transformation of the Italian financial system : Executive Management Seminar, Rome, 5 October 1998

Finocchiaro, Antonio - 1998

Persistent link: https://www.econbiz.de/10000993520

Democratization and Civic Capital in Italy

Guiso, Luigi; Pinotti, Paolo - Banca d'Italia - 2011

We document a sharp reversal in electoral participation between the North and the South of Italy after the 1912 enfranchisement which extended voting rights from a limited lite to (almost) all adult males. When voting was restricted to the elite, electoral turnout was higher in the South but...

Persistent link: https://www.econbiz.de/10009364465

My parents taught me. Evidence on the family transmission of values

Albanese, Giuseppe; Blasio, Guido de; Sestito, Paolo - Banca d'Italia - 2014

The paper uses questions included in the 2010 wave of the Bank of Italyï¿½s Survey on Household Income and Wealth to investigate the role of family transmission of values. It presents three main empirical findings. First, the paper shows that a number of attitudes (generalized and...

Persistent link: https://www.econbiz.de/10011099666

A tale of an unwanted outcome: transfers and local endowments of trust and cooperation

Accetturo, Antonio; Blasio, Guido de; Ricci, Lorenzo - Banca d'Italia - 2014

Transfers can do good; however, they can also result in massive failures. This paper presents a model that highlights the ambiguous nature of the impact of transfers on local endowments of social capital. It then describes an empirical investigation that illustrates that the receipt of EU...

Persistent link: https://www.econbiz.de/10011099723

Trust and preferences: evidence from survey data

Albanese, Giuseppe; Blasio, Guido de; Sestito, Paolo - Banca d'Italia - 2013

This paper considers the role of preferences in explaining trust. By using the Bank of Italyï¿½s Survey on Household Income and Wealth (SHIW), the paper shows that time preferences and risk preferences are key covariates of self-reported trust. They both predict negatively a measure of...

Persistent link: https://www.econbiz.de/10011105132

The Effects of Bank Consolidation and Market Entry on Small Business Lending

Patti, Emilia Bonaccorsi di; Gobbi, Giorgio - Banca d'Italia - 2001

Consolidation in the banking industry of many countries has reduced the number of small banks and led to significant shifts in market shares; deregulation has fostered entry in local credit markets and branch expansion, which in turn have increased competition. Small businesses are believed to...

Persistent link: https://www.econbiz.de/10005111563