Showing 1 - 9 of 9
Private insurance markets provide insufficient coverage for risks coming from natural disasters. We argue that in such markets the typical market failure is mainly due to reasons other than asymmetric information. More specifically, the low probability of a disaster, together with the height of...
Persistent link: https://www.econbiz.de/10008479236
In this paper we examine the main aspects of Italian factoring market and its evolution during last two decades. Moreover, we analyze the characteristics of firms accessing this kind of financing. In Italy factoring market size is the third in the world in absolute terms (amount of turnover),...
Persistent link: https://www.econbiz.de/10005111554
This paper presents a survey of the literature on the determinants of inter-firm credit and on its implications for the transmission mechanism of monetary policy. Theoretical explanations for trade credit can be divided in two categories: a) theories based on real functions performed by trade...
Persistent link: https://www.econbiz.de/10005770786
Obiettivo del lavoro è verificare se, ed in quale misura, alcune norme fiscali introdotte nel periodo 1996 – 2006 (“Visco” Vs. “Tremonti”) abbiano determinato per le imprese un incentivo al finanziamento tramite ricorso all'indebitamento, ovvero tramite equity. Dopo una breve disamina...
Persistent link: https://www.econbiz.de/10005772848
This paper examines private equity and venture capital in Italy. The first part looks at the main features of the Italian market and its recent evolution; the second part considers the results of a survey of firms and intermediaries designed to gather information regarding contract features and...
Persistent link: https://www.econbiz.de/10005642130
The paper analyses the main differences in the financial structure of Italian and European non financial corporations in the 2004-2007 period, that is during the years before the financial crisis. The research is based on individual balance sheets of Amadeus (Analyse Major Databases from...
Persistent link: https://www.econbiz.de/10008565782
This paper analyses the financial and economic conditions of the companies in the portfolios of Italian private equity funds. Information from an ad hoc survey of Italian asset management companies, combined with accounting data for 2008 drawn from the Central Credit Register, is used to develop...
Persistent link: https://www.econbiz.de/10009193017
This paper shows the results of a survey on firms regarding the changes that are occurring in the bank-firm relationship in view of Basel II. The survey has been conducted on an national basis together with a local one directed to small firms localized in the regions of Emilia-Romagna, Puglia...
Persistent link: https://www.econbiz.de/10005467323
In 2007 the new framework for capital adequacy of banks (Basel 2), defined in 2004 by the Basel Committee for Banking Supervision, will replace the 1988 Accord (Basel 1) in all major countries. In the last years the Committee has carried out several impact studies in order to simulate the...
Persistent link: https://www.econbiz.de/10005113685