DOI: 10.5176/2010-4804_2.4.273
Authors: M. Tutino, I. C. Panetta, E. Laghi
Abstract:
We investigated the characteristics and motives of Italian voluntary delisting observing a period of eleven years, 2001 to 2011. The final sample is made up of 53 industrial companies, compared with a control sample of 106 companies still listed in the period. Main goal is to assess if any signals can predict a delisting operation for listed companies in Italy and if Italian market shows differences with previous investigation in Continental Europe and US.
Practical implications of results achieved can help to highlight on Public to Private phenomenon in Italy, still not enough observed considering the high number of delisted companies in the last decade relating to a relative small number of listed companies
Keywords: Free Cash Flow, Dividend, Going Private, Delisting, BOSO, Governance
Updating...