Carmelo Intrisano

HeritageBot Service Robot assisting in Cultural Heritage

This paper presents results of HeritageBot, a regional research project for developing a robotic platform to be used in Cultural Heritage frameworks. The design and a prototype of HBOT Platform for demo purposes is introduced with features of low-cost construction and user-oriented performance. The design requirements are presented for application in monitoring and working within frames for conservation of goods of Cultural Heritage with characteristics that are aimed for technological transfer and entrepreneurship plans.

Do M&As Generate Value for Shareholders? An Analysis of the Italian Banking Sector

The aim of this paper is to verify if the M&As implemented in the past decade in the banking sector have created value for shareholders. For this purpose a sample of 72 deals carried out during the period of 1994-2005 were examined using the “event study” methodology. These deals were subdivided into three sections: acquisitions, mergers and M&As. The results obtained seem to suggest a creation of value for the target companies and a destruction of value for the bidders in all three cases. From the analysis of the combined values, on the other hand, a significant destruction of value is deduced in both mergers and in M&As.