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Clustering Default Syndromes Across Italian SMEs
Modina, Michele; Zedda, Stefano - 2021
The quantitative analyses related to firms’ default prediction extensively analyzed which balance sheet ratios include significant information on the probability of default of a firm. These analyses are typically aimed at measuring a generic default risk, while no analyses are aimed at...
Persistent link: https://www.econbiz.de/10013242550
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Alternative Solutions in Bankruptcy (Alcune Considerazioni su Soluzioni Alternative in Materia di Fallimento) (Italian)
Santella, Paolo - 2011
It is still a subject of debate whether the economic function of bankruptcy is to coordinate the insolvent company's creditors or to leave secured creditors the possibility to foreclose the company's residual assets. However, the bankruptcy procedure is more or less everywhere of marginal...
Persistent link: https://www.econbiz.de/10013132380
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Indirect Costs of Bankruptcy : Evidence from Italian SMEs
Bisogno, Marco - 2012
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
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Business Failure Prediction Modeling and Firm-Territory Relationships : Preliminary Findings of a Statistical Study of Small Italian Firms
Ciampi, Francesco - 2013
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
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Prevention is Better than Cure : Re-Organizing the Bankruptcy Reorganization in Italy
de Luca, Nicola - 2010
Persistent link: https://www.econbiz.de/10013150959
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The Influence of Bankruptcy Law on Equity Value of Financially Distressed Firms : A European Comparative Analysis
Lopez-Gutiérrez, Carlos - 2009
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
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The Effects of Organized Crime on Distressed Firms
De Martiis, Angela - 2020
This study captures the presence of organized crime groups in the Italian territories and examines their relationship to firms that are in a condition of financial distress. At the end of the nineteenth century the first criminal groups emerged in the South of Italy as a response to the demand...
Persistent link: https://www.econbiz.de/10012838227
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The Insolvency Regime for Large Enterprises in Italy : An Economic and Legal Assessment
Belhocine, Nazim - 2018
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
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Business Continuity in Times of Distress : Debt Restructuring Agreements and Compositions with Creditors in Italy
Danovi, Alessandro - 2020
The Italian insolvency framework makes several restructuring tools available to firms and their creditors, so that …
Persistent link: https://www.econbiz.de/10012824762
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Insolvency and Enforcement Reforms in Italy
Garrido, José - 2016
the efficiency of insolvency and enforcement processes. Traditionally, these processes in Italy have taken very long … explores the recent insolvency and enforcement reforms and the remaining challenges. These reforms introduce important positive …
Persistent link: https://www.econbiz.de/10012977835