Among capital increases realized in 2009 by Italian listed firms, two operations drew the attention of the investors and regulators because of the complex architecture of their offering.Tiscali and Seat Pg operations were characterised by the issue of a huge number of ordinary shares and a high...

This paper aims at shedding further light on the controversial impact of Mamp;As on the value creation perceived by investors, as the short-term market performance of the firms involved. 17 event studies are surveyed following meta-analytical procedure, gathering roughly 931 deals: separate...

This paper examines the characteristics and the critical aspects of the Italian Asset management industry. It reports the results of interviews conducted with 21 mutual fund managers working in 10 of the most important Italian asset management companies.The focus is mainly on the relationship...

We investigate the effects on stock prices around the Ex-rights Dates (EDs) of rights offerings by firms listed on the Italian Stock Exchange. We focus on the period from January 2007 to April 2011, whereby several operations have been highly dilutive. Highly dilutive rights offerings show high...