Rossella Signoretti - Academia.edu (original) (raw)
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Università degli studi Niccolò Cusano, telematica Roma
Università Cattolica del Sacro Cuore (Catholic University of the Sacred Heart)
Università Cattolica del Sacro Cuore (Catholic University of the Sacred Heart)
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Papers by Rossella Signoretti
SSRN Electronic Journal, 2000
An empirical analysis
SSRN Electronic Journal
This paper assesses how Italian companies have implemented the regulation on related party transa... more This paper assesses how Italian companies have implemented the regulation on related party transactions enacted by Consob in 2010. Companies have been given some degree of freedom in devising their internal codes: they may “opt-up” or “opt-down” from some of the default provisions set forth in the regulation, thus tailoring internal codes to their own individual needs. We investigate how firms have made use of these options, building an ad hoc firm-specific indicator which focuses on five key provisions. We find that the options we focus on have been taken advantage of in a variety of ways. We also verify the hypothesis that firms adopt stricter/looser procedures depending on corporate governance characteristics. While non-controlled firms seem to have set up stricter procedures, among controlled-companies those where a single shareholder or a coalition holds a stake lower than 50% of voting and cash flow rights have weaker procedures. Finally, while a higher presence of independent...
SSRN Electronic Journal, 2000
SSRN Electronic Journal, 2000
ABSTRACT We examine the presence of women in Italian corporate boards before the introduction of ... more ABSTRACT We examine the presence of women in Italian corporate boards before the introduction of Law 120/2012. We consider all directors of publicly-traded firms in 2008-10 and investigate the potential determinants of having boards with gender-diverse representation and the correlation between female directorship and selected governance measures. Two different models emerge. In the majority of diverse boards at least one of the women has a family connection with the controlling shareholder: family-affiliated women are more frequently found in smaller companies, firms with a concentrated ownership, businesses that operate in the consumer sector and those with larger boards. By contrast, unaffiliated women are more common in widely held companies, companies with younger and more highly educated boards, those with a higher proportion of independent directors and those with fewer “connected” directors. With reference to governance-related outcomes, the number of board meetings is positively correlated with the presence of women on boards, while no difference is found between female and male directors in board meeting attendance.
Journal of Applied Corporate Finance, 2011
SSRN Electronic Journal, 2000
L'attività di ricerca e analisi della Consob intende promuovere la riflessione e stimolare il dib... more L'attività di ricerca e analisi della Consob intende promuovere la riflessione e stimolare il dibattito su temi relativi all'economia e alla regolamentazione del sistema finanziario.
SSRN Electronic Journal, 2000
An empirical analysis
SSRN Electronic Journal
This paper assesses how Italian companies have implemented the regulation on related party transa... more This paper assesses how Italian companies have implemented the regulation on related party transactions enacted by Consob in 2010. Companies have been given some degree of freedom in devising their internal codes: they may “opt-up” or “opt-down” from some of the default provisions set forth in the regulation, thus tailoring internal codes to their own individual needs. We investigate how firms have made use of these options, building an ad hoc firm-specific indicator which focuses on five key provisions. We find that the options we focus on have been taken advantage of in a variety of ways. We also verify the hypothesis that firms adopt stricter/looser procedures depending on corporate governance characteristics. While non-controlled firms seem to have set up stricter procedures, among controlled-companies those where a single shareholder or a coalition holds a stake lower than 50% of voting and cash flow rights have weaker procedures. Finally, while a higher presence of independent...
SSRN Electronic Journal, 2000
SSRN Electronic Journal, 2000
ABSTRACT We examine the presence of women in Italian corporate boards before the introduction of ... more ABSTRACT We examine the presence of women in Italian corporate boards before the introduction of Law 120/2012. We consider all directors of publicly-traded firms in 2008-10 and investigate the potential determinants of having boards with gender-diverse representation and the correlation between female directorship and selected governance measures. Two different models emerge. In the majority of diverse boards at least one of the women has a family connection with the controlling shareholder: family-affiliated women are more frequently found in smaller companies, firms with a concentrated ownership, businesses that operate in the consumer sector and those with larger boards. By contrast, unaffiliated women are more common in widely held companies, companies with younger and more highly educated boards, those with a higher proportion of independent directors and those with fewer “connected” directors. With reference to governance-related outcomes, the number of board meetings is positively correlated with the presence of women on boards, while no difference is found between female and male directors in board meeting attendance.
Journal of Applied Corporate Finance, 2011
SSRN Electronic Journal, 2000
L'attività di ricerca e analisi della Consob intende promuovere la riflessione e stimolare il dib... more L'attività di ricerca e analisi della Consob intende promuovere la riflessione e stimolare il dibattito su temi relativi all'economia e alla regolamentazione del sistema finanziario.