Research

Between 30% and 40% of companies are family controlled in many European countries and the rise of emerging economies boosts the spread of a form that is not destined to be supplanted by the public company. All this was highlighted at the inauguration of the AIdAF EY Chair in strategic management of Family Business in memory of Alberto Falck

A new research paper by Elena Carletti, joint with Franklin Allen and Robert Marquez, shows that equity capital is a costly form of finance for banks relative to deposits. This implies that capital regulation and deposits insurance can potentially affect the optimal capital structure

Pollicino, Martinico and Guastaferro contributed to an international research project, providing the Italian standpoint

Antonio Marra and Pietro Mazzola find that the effectiveness of corporate boards in constraining earning management soon after the adoption of the international standards fades away soon

Misani and Pogutz find that showing responsibility in trying to reduce CO2 emissions translates into a better financial performance only when the firm has very high or very low levels of environmental performances

Interdisciplinarity is the distinctive feature of the winter conference organized by the Dondena Centre jointly with the Swiss LIVEs