This paper examines abnormal stock returns around the publication of 1,167 reports issued by 26 brokerage firms on 37 small caps admitted to listing on the Italian stock market from 2003 to 2011. The focus is on small caps going public because, for such firms, information asymmetries may be...

Economists have long debated the relationships between market structure of banking sector and the profitability. General consensus asserts that more concentrated market is associated with higher profitability: banks with higher market share generally achieve higher profits. This empirical...

Italian banks are characterized by deep efficiency inequality across size, location, Cooperative Credit Banks, and Limited Companies. Moreover, non-performing loans are higher in the South than elsewhere. In view of these evidences we asked: is the efficiency gap of the southern banks (and...

In Italia esistono due mercati regolamentati di strumenti finanziari derivati accessibili agli investitori retail entrambi gestiti da Borsa Italiana: il SeDex, dove sono trattati covered warrant (CW) e altri strumenti derivati cartolarizzati, e l'IDEM, dove sono invece trattate opzioni su...