We analyse the deleveraging process with reference to a sample of European banks from December 2011 to June 2013 and find that the leverage ratio (measured as assets to equity) has declined on average from 28.6 to 25.0. Its standard deviation fell from 8.2 to 6.5. About 2/3 of the deleveraging...

This work has been carried out to describe the recent strong development concerning the on line and off line multimedia market, the causes of its development and whether it can be the driving force behind other sectors. The analysis focuses on factors that can slow down or impede further...

Due aspetti molto importanti del processo di privatizzazione sono la scelta della tecnica di collocamento e quella dell’assetto proprietario da dare all’azienda dismessa. La soluzione ad ognuno di questi due problemi risulta legata da un lato agli obiettivi di policy, dall’altro a...

In Italy the examples of evaluation of local policy for innovation are very few. As an impact assessment is possible only if the number of centres to examine is little, this analysis has chosen a monitoring evaluation and, particularly, the reorganization of the matter regarding innovation...

In this paper the measure of corporate coherence proposed by Teece, Rumelt, Dosi and Winter (1994) and the measure of inter-industry relatedness on which the former is built are analysed using a dataset that includes the five largest European producers in 100 3-digit NACE industries. The...

France is a very interesting case study for industrial economists, for the strong presence of State in economy. Such choice in economic policy induced the creation of plenty of instruments and structures to be analysed. In the field of research, the French situation is characterised by a strong...

Aim of this paper is to build methodologies of performance evaluation for research organisations, using a systemic approach. This approach considers the interrelations between administrative and scientific activities. The methods are based on: i) ranks, ii) ratios [Max Index : 100 = index lab i...

An essential part of any firm’s corporate strategy is the choice of the business portfolio through which to compete. When the portfolio’s decision involves more than one business, firms are said to implement a diversification strategy, which is put into action through the firms concomitant...

In order to implement appropriate policies to face the difficulties and remove the obstacles that hinder interdisciplinary research, it is necessary to clarify how this ever broader and more dynamic portion of science works and which incentives best support the activities of scientists....