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Giulia’s research mainly concerns the field of empirical finance and accounting. Current topic of interest includes: Small and Medium sized Enterprises (SMEs), Corporate Governance, Risk adoption, Risk management.
May 2014 - January 2015
Centre of Excellence SAFE - House of Finance
- Research Assistant
Purpose This study contributes to the literature on local administrations' debt and attempts to answer the following research questions: (1) What effects do swaps produce on regions' debt? (2) Have swaps been used to finance discretionary debt? Design/methodology/approach The paper investigates the debt burden as influenced by economic, financial...
We study how US chief executive officers (CEOs) invest their deferred compensation plans depending on the firm's profitability. By looking at the correlation between the CEO's return on these plans and the firm's stock return, we show that deferred compensation is to a large extent invested in the company equity in good times and divested from it i...
This study seeks to deepen our understanding on how country-level governance structures influence prevalence of foreign ownership of firms in Africa. This study reinforces the new institutional economics perspective by empirically highlighting that governance structures influence the prevalence of foreign ownership of companies in an economy. Using...
Le Regioni italiane, create negli anni ’70, sono entrate in funzione solo con la modifica del Titolo V della Costituzione. Dal 2001 queste amministrazioni locali hanno dovuto fronteggiare le uscite derivanti dalle competenze devolute dallo Stato alle stesse e nel contempo hanno aumentato il loro indebitamento. Questi enti hanno fatto un ampio ricor...
Regions are first-level local administrations in Italy. Since 2003, regions have extensively used over-the-counter (OTC) derivatives. Since the use of these derivatives is not clearly regulated, derivatives have been employed to hedge outstanding debt and its costs, but there is evidence that derivatives have also been used to pay current expenses....
Purpose – The purpose of this paper is to examine the relationship between country-level governance and ethical behaviour of firms in African countries in the period 2009-2012. Design/methodology/approach – It uses a broad set of country-level governance ratings by the World Bank and data on ethical behaviour of firms by the World Economic Forum’s...
La presente ricerca intende verificare l’evidenza empirica sul fenomeno generale di razionamento del credito nei mercati interbancari, ed investigare se vi siano effetti differenziali con riferimento all’attività delle banche minori. Le conclusioni di tale studio pongono in luce ulteriori potenziali difficoltà cui sono sottoposte le piccole imprese...
Modern management of Public Entities is turning increasily to Asset Liability Management. This management can be effectively realized by a set of operations that can be defined as "Debt Restructuring". Financial innovative instruments are playing an increasing role with respect to current debt or will be activated in the near future. Derivatives –...
Evaluate the impact of OTC derivatives (i.e. swaps) on the debt carrying and repaying capacity of Ordianry Stature Italian regions after the great financial crisis