Causes and consequences of the current "subprime" financial crisis are analysed. The large number of fraudulent and criminal mortgages obtained by means of false statements unverified by the mortgagees, explains why this crisis was not predicted. The crisis was enhanced by unwise regulations...

MiFID regulation aims at protecting investors and promoting competition across securities markets in the European Union. The measurement of trade execution quality is crucial to achieve such goals. Traders will direct order flow towards more efficient venues only if compare trade execution...

Questo studio analizza le determinanti e le prospettive del venture capital in Italia, nell'ambito dello studio delle relazioni esistenti tra struttura e funzionamento del sistema finanziario e crescita dell'economia e dell'occupazione. Particolare attenzione � dedicata al ruolo svolto...

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...

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...

T The objective of this contribution is to evaluate the performance and build up a profile of Italian medium-size and medium large multinationals who represent the "fourth capitalism”. In fact, the companies' “fourth capitalism" is the set of medium and medium-large enterprises who seem to...

The paper investigates the relationship, surprisingly often forgotten by the literature, between firms' language skills and their international performances. After having contextualized the concept of language within the broader concept of culture, the paper introduces language's characteristics...

The paper examines the fragmentation of production from the view-point of industrialised countries. From this perspective, the following questions are addressed: how do local systems evolve in the process of de-localisation of productions? Which are the short term and long term effects to be...

During the past decade all industrial countries attracted sizeable inflows of foreign direct investment (FDI), excluding Italy and Japan: this fact has been interpreted as evidencing a deterioration in Italy�s structural competitiveness. This paper presents the results of a survey conducted...