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Politicians at Work : The Private Returns and Social Costs of Political Connections
Cingano, Federico; Pinotti, Paolo - 2009
We quantify the private returns and social costs of political connections exploiting a unique longitudinal dataset that combines matched employer-employee data for a representative sample of Italian firms with administrative archives on the universe of individuals appointed in local governments...
Persistent link: https://www.econbiz.de/10014203712
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Fiscal Rules and the Reliability of Public Investment Plans : Evidence from Local Governments
Mancini, Anna Laura; Tommasino, Pietro - 2022
We document that Italian public administrations systematically overestimate capital expenditures, and that the introduction of a cap on this spending item improves the accuracy of their plans. Our analysis relies on a unique dataset including budgetary figures (both planned and realized) for all...
Persistent link: https://www.econbiz.de/10013305707
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Managerial Incentives, Financial Constraints and Ownership Concentration
Protopapa, Marco - 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/10013125625
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Sectoral Differences in Managers’ Compensation : Insights from a Matching Model
Ciapanna, Emanuela - 2015
analyze determinants of managers' compensation such as firm's and manager's quality, production technology, bargaining power … and inter-temporal preferences. We use the estimated model to study the stylized fact that managers in the financial …
Persistent link: https://www.econbiz.de/10013023882
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Managerial Talent and Managerial Practices : Are They Complements?
Baltrunaite, Audinga; Bovini, Giulia; Mocetti, Sauro - 2021
. We build a matched firm-director panel dataset for the universe of limited liability companies in Italy, tracking ….e. managers' educational attainment and their forecast precision with respect to the firm's future performance. Most important, we … results indicate that the effectiveness of managerial practices depends on managers' ability to implement them …
Persistent link: https://www.econbiz.de/10013226466
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Trainspotting : Board Appointments in Private Firms
Baltrunaite, Audinga - 2020
We examine how the size of the corporate directors' labor market affects the quality of board appointments in Italian private firms. To establish the causality of the relationship, we exploit exogenous variations in firms' access to non-local potential directors following the gradual...
Persistent link: https://www.econbiz.de/10012827465
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Trainspotting : Board Appointments in Private Firms
Baltrunaite, Audinga - 2020
This paper examines how the size of the corporate directors' labor market affects board appointments in Italian private limited liability firms. As an exogenous shock to a firm's access to potential non-local directors, we exploit the gradual expansion of the high-speed railway network that...
Persistent link: https://www.econbiz.de/10012848361
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The Rise of Risk-Based Pricing of Mortgage Interest Rates in Italy
Magri, Silvia - 2011
The paper assesses the extent to which mortgage rates in Italy are priced according to credit risk as proxied by the …
Persistent link: https://www.econbiz.de/10013128110
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Modelling Italian Potential Output and the Output Gap
Bassanetti, Antonio - 2011
The aim of the paper is to estimate a reliable quarterly time-series of potential output for the Italian economy, exploiting four alternative approaches: a Bayesian unobserved component method, a univariate time-varying autoregressive model, a production function approach and a structural VAR....
Persistent link: https://www.econbiz.de/10013128341
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Does Investing Abroad Reduce Domestic Activity? Evidence From Italian Manufacturing Firms
Bronzini, Raffaello - 2011
complements. We take advantage of a unique firm-level panel data set from the Bank of Italy Survey of Industrial and Service Firms …
Persistent link: https://www.econbiz.de/10013128478