Barbara Fidanza

The Decision to Delist: International Empirical Evidence

This chapter reviews the empirical literature. There are essentially three streams of empirical literature on delisting. The first one studies, in voluntary delisting, the link between the decision to undertake the operation and the determinants in accordance with the different theoretical models. The other two literature streams highlight the reasons that lead to involuntary delisting and study the effects of delisting on firm value. Except for company size, ex-ante performance and company age, other variables do not show clear-cut results. Small firms, firms with poor ex-ante performance, and young firms are more likely to go private. In terms of value effect, voluntary delisting increases shareholders’ wealth, whereas involuntary delisting leads to value destruction.

Playmarche: un distretto regionale dei beni culturali 2.0 / Playmarche: a 2.0 regional cultural heritage district

Il contributo si propone di fornire una sintesi relativa agli obiettivi e metodi di realizzazione del progetto PlayMarche: un Distretto regionale dei beni culturali 2.0 presentato dall’Universita di Macerata ed approvato nell’ambito del bando per il DCE della Regione Marche. Il progetto mira a sviluppare e consolidare il settore economico delle tecnologie ICT applicate alla comunicazione, divulgazione e valorizzazione avanzata e innovativa di beni e valori culturali, focalizzandosi in particolare sulla filiera dell’ edutainment e dell’ entertainment , con ricadute in termini di creazione di posti di lavoro in settori a forte innovazione e sostenibilita economica. The paper aims to provide a brief overview on the objectives and methods of realization of the project PlayMarche: un Distretto regionale dei beni culturali 2.0 . The project – presented by the University of Macerata and approved in the call for the DCE of the Marche Region – aims to develop and consolidate the economic sector of the ICT technologies applied to communication, dissemination and innovative exploitation of cultural heritage. It focuses, in particular, on the supply chain both of edutainment and entertainment, with consequences in terms of job creation in sectors with high innovation and economic sustainability.