This paper reports results from a study of location, ownership, and acquisitions of automated teller machines (ATMs) by a sample of large Italian banks between 1991 and 1995. The sample banks had 85% of Italian banking assets. Data are collected at the provincial level for each bank. The...

This paper studies the dynamic and stochastic properties of fixed investments (IL) for five Italian sectors and for the period 1930-1991. Moreover, it analyses the relationship between the trend and cyclical innovations of IL and between these two types of innovations with those of GDP, real...

This paper investigates the impact of the interaction between product, labor and financial market imperfections on firms’ investment by using a panel data of European firms over the period 1994-2008. It studies the impact of product and labor market regulations on firm investment and how it...

This article analyses the role of guarantees on loan interest rates of Italian firms before and during the recent financial crisis. It improves on the existing literature by using explicit measure of collateral and personal guarantees and by modelling unobserved heterogeneity between low-level...

This paper aims at analyzing the impact of Employment Protection Legislation (EPL) on firms' investment policies in the contemporaneous presence of financial imperfections. Our results show that investment is significantly affected by the presence of both market imperfections; they are robust to...