judicial administration of organized crime firms through the imposition of external managers in order to remove the connection …, suggesting that the burden the organized crime firms impose on other firms is very large. Firms' performance and turnover … increases by 2.2 and 0.7 percent, respectively, in the first four years after an organized crime firm enters the status of …

We study the investment of organized crime in the legal economy. By using the shock induced on the Italian credit … market by the 2007 subprime mortgage crisis, we document how provinces with a high organized crime presence have been …. We provide evidence that the lower impact of the crisis is consistent with the presence of investments by organized crime …