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We present empirical evidence on diversification patterns in Italian manufacturing firms and detect a robust … relationship between firm size and diversification levels, with an elasticity of diversification that does not depend on firm size … and is well below unity. Diversification does not lead to decreased corporate risk when measured in terms of the growth …
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The inefficiency of the Italian judicial system has contributed to reduced investments, slow growth and a difficult business environment. The enforcement of civil and commercial claims suffers from excessive delays in court proceedings, resulting in a very large number of pending cases. The...
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