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I examine the post-war economic development of two regions in southern Italy exposed to mafia activity after the 1970s …
Persistent link: https://www.econbiz.de/10013106582
The central theme of the paper is based on a report by the former Director of the Bank of Italy Fabio Panetta who …
Persistent link: https://www.econbiz.de/10013234900
Persistent link: https://www.econbiz.de/10012250868
secured creditors.As regards the procedures of financial restructuring (for instance, in Italy, the one called amministrazione … ordinary bankruptcy procedures, where, as in Italy, give coordination powers to judicial or administrative authorities …
Persistent link: https://www.econbiz.de/10013132380
The aim of the paper is to measure indirect costs generated by financial distress, as a consequence of filing for a bankruptcy procedure, by implementing a model suitable for Italian small and medium size entities (SMEs).There are only few papers that provide evidence of the indirect costs of...
Persistent link: https://www.econbiz.de/10013098075
Purpose of the paper: To test whether the qualitative variables regarding the territory and/or the firm-territory relationship can improve the accuracy rates of small enterprise business failure prediction models.Methodology: We applied logistic regression to a sample of 736 Italian small...
Persistent link: https://www.econbiz.de/10013071351
Persistent link: https://www.econbiz.de/10013150959
The reaction of stock prices to bankruptcy filing has been frequently analysed in the financial literature. In this paper we adopt a different approach to that of traditional study, and endeavour to determine whether the reaction of markets is conditioned by the orientation of bankruptcy law....
Persistent link: https://www.econbiz.de/10013157226
The modernization of Italy's insolvency framework has been the subject of much interest in recent years, related not … least to its role in potentially facilitating an efficient allocation of resources. A unique feature of Italy's insolvency … folding the special regime into the general insolvency regime, possibly with provisions to allow for state intervention in …
Persistent link: https://www.econbiz.de/10012909405
The Italian insolvency framework makes several restructuring tools available to firms and their creditors, so that …
Persistent link: https://www.econbiz.de/10012824762