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The combination of technological change and globalization is dramatically modifying the landscape where firms operate. Structural transformations are occurring in both the real side of the economy and the financial sector. The literature has documented large differences in prevailing ownership modes across countries. A growing body of evidence claims that traditional ownership modes, such as family firms, might be disadvantaged in facing the challenges of the changing economic environment. At the same time, the role played by innovative financial intermediaries, such as private equity funds and venture capitalists, is still very much debated.
This conference aims at investigating the relation between financial structure, corporate governance and firm performance in highly competitive and integrated markets. Examples of questions of interest are (but not limited to):
- What are the determinants of the ownership modes across countries?
- What are the effects of different ownership modes on firm performance?
- To what extent can market dimension and the degree of competition influence ownership modes?
- What are the obstacles to an efficient market for corporate control?
- What is the role of innovative financial intermediaries in promoting firm growth?
- What are the consequences of financial integration and changes in regulation on the availability of credit to firms, particularly SMEs?
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