The purpose of the paper is to examine the incentives and motives of Italian voluntary delisting between 2001 and 2011. Focusing on a sample of 53 industrial companies, we empirically tested if incentives acknowledged by main academic literature on the topic can be considered also for Italian listed companies. In particular, we tested for hypotheses related to Free Cash Flow, Leverage Potential, Decreasing Benefits of Being Listed, Limited Capital Market Efficiency and Dividend Payments. Results show that Italian firms are moved substantially by different incentives

Voluntary Delisting in Italy. Are Italian Listed Firms Moved by Different Incentives? / M., Tutino; Panetta, Ida Claudia; Laghi, Enrico. - In: INTERNATIONAL JOURNAL OF MANAGEMENT AND BUSINESS. - ISSN 1949-2839. - ELETTRONICO. - Volume V:1(2014), pp. 59-80.

Voluntary Delisting in Italy. Are Italian Listed Firms Moved by Different Incentives?

PANETTA, Ida Claudia;LAGHI, Enrico
2014

Abstract

The purpose of the paper is to examine the incentives and motives of Italian voluntary delisting between 2001 and 2011. Focusing on a sample of 53 industrial companies, we empirically tested if incentives acknowledged by main academic literature on the topic can be considered also for Italian listed companies. In particular, we tested for hypotheses related to Free Cash Flow, Leverage Potential, Decreasing Benefits of Being Listed, Limited Capital Market Efficiency and Dividend Payments. Results show that Italian firms are moved substantially by different incentives
2014
going private; public to private; delisting; governance; buy-out offer squeeze out (boso)
01 Pubblicazione su rivista::01a Articolo in rivista
Voluntary Delisting in Italy. Are Italian Listed Firms Moved by Different Incentives? / M., Tutino; Panetta, Ida Claudia; Laghi, Enrico. - In: INTERNATIONAL JOURNAL OF MANAGEMENT AND BUSINESS. - ISSN 1949-2839. - ELETTRONICO. - Volume V:1(2014), pp. 59-80.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/520780
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