Finance

Nearly $300 bln to Spend and Too Much Competition. That's Why European Private Equity Moves Slowly

A paper by Baffi Carefin Center's Stefano Gatti and Carlo Chiarella in joint with Goldman Sachs analyzes 31,792 deals and explains why corporate takeovers prevail on buyouts in today market a' and how things could change

The Effect of Fiscal Austerity: Why Spending Cuts Worked Better

A new research paper by Favero, Alesina, Giavazzi, Barbiero, and Paradisi shows that deficit reduction policies based on spending cuts are much less costly, in terms of output losses, than those based on tax increases.

Want to Forecast the Grades of Your Children? Look at the Managerial Ability of the Principal

An analysis conducted by Fabiano Schivardi and two colleagues shows that better managerial practices mean better students' outcomes in standardized tests and that the selection and training of principals are the more important the higher their autonomy

Three New ERC Grants to Bocconi

Nicola Gennaioli, Tommaso Nannicini and Delia Baldassarri have been awarded a cumulative funding of about 3 million euro

The Cost of Equity Capital for Banks

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

The Importance of Entrepreneurs' Education

A new research paper by Nicola Gennaioli, joint with Rafael La Porta, Florencio LopezdeSilanes, and Andrei Shleifer, shows that entrepreneurial human capital, measured using education, can account for differences in regional income and productivity more than workers' human capital