Introduction There is a large consensus that the amount of human capital in areas plays a crucial role for regional economic development. Previous evidence on regional economics highlight that a higher concentration of human capital is associated with more population, employment growth, income...

In this paper, we compare the efficiency of the Italian and German universities in the process of transforming public funding into the multiple outputs of a university, i.e. graduating students, publishing research, and patenting activity. We do this with a particular focus on the policies...

This paper discusses the use of rights issues in a context where interest conflicts between controlling shareholders and minorities are due to the existence of private benefits that the former can extract from the value of a traded company. While the literature considers the issue of preemptive...

The evolution of the control of Telecom Italia, the sixth largest telecommunication company in the world by turnover, is an exemplary textbook case for studying minority expropriation. Our study consists of three parts. First we analyse how Olivetti's and Pirelli's acquisitions of Telecom Italia...

This paper analyses the value determinants for both airports and airlines. The analysis is based on a sample of 24 airport operators and 87 airlines, listed on international financial markets on 31 December 2007. We analyse the value drivers for both airlines and airports by studying the...

In this paper, we compare the efficiency of the Italian and German university system in the process of translating public funding into the multiple outputs of a university, i.e. graduating students, publishing research, and patenting activity. We do this with a particular focus on the policies...