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Antonio Salvi
Bocconi University
9Publications
5H-index
92Citations
Publications 9
Newest
#1Nicola MigliettaH-Index: 4
#2Enrico BattistiH-Index: 3
Last.Antonio Salvi (Bocconi University)H-Index: 5
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The purpose of this paper is to investigate the relationship between capital structure and business process management (BPM) within ambidextrous firms. In particular, referring to the listed companies in the Mercato Telematico Azionario (MTA) and Mercato degli Investment Vehicles (MIV) markets with large- and mid-sized capitalization, divided into ambidextrous and non-ambidextrous companies, the authors examined the capital structure to fill a gap in the current literature.,This study uses a mix...
2 CitationsSource
: Analysts’ target prices have received limited attention in academic research. In this paper we try to fill the gap by developing an innovative multi-layer accuracy metric that we test on a novel database. Our analysis shows that forecasting accuracy is very limited: prediction errors are consistent, auto-correlated, non-mean reverting and large (up to 36.6%). The size of forecasting errors increases with the predicted growth in the stock price, the size of the company and for loss making firms...
44 CitationsSource
#1Pascal Quiry (HEC Paris)H-Index: 3
#2Maurizio Dallocchio (Bocconi University)H-Index: 5
Last.Antonio Salvi (Bocconi University)H-Index: 5
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Mergers and acquisitions (that is, business combinations) can take many forms. The most important distinction among them is the method of payment: (1) cash or cash and shares or (2) 100% in shares. All-share deals, in turn, can take several forms: legal merger, contribution of shares, and asset contribution. The economics of the business combination are independent of the financial arrangements. When the deal is negotiated, the companies are valued and the relative value ratio and exchange ratio...
Source
#1Pascal Quiry (HEC Paris)H-Index: 3
#2Maurizio Dallocchio (Bocconi University)H-Index: 5
Last.Antonio Salvi (Bocconi University)H-Index: 5
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At any given time, a company can have several valuations, depending on the point of view of the buyer and the seller and their expectations. In taking control of a company, this variety sets the stage for negotiation, but, needless to say, a transaction will take place only if common ground can be found, that is, if the seller's minimum price does not exceed the buyer's maximum price. The art of negotiation consists in allocating the value of the anticipated synergies between the buyer and the s...
Source
#1Stefano BoniniH-Index: 7
#2Antonio SalviH-Index: 5
Last.Laura ZanettiH-Index: 7
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In this paper we examine the profitability of trading strategies based on target prices embedded in equity research reports. We adopt target prices as information signals to build our portfolio strategy. At the first stage, we exploit implicit returns (difference between the current price and the target price) as a buying or short selling signal to open every transaction in the portfolio. Next, we use raw and adjusted target prices as a closing transaction signal. We build three different strate...
5 CitationsSource
#1Maurizio Dallocchio (Bocconi University)H-Index: 5
#2Jérôme HublerH-Index: 2
Last.Antonio Salvi (Bocconi University)H-Index: 5
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This study has two purposes: Copyright 2006 The Authors Journal compilation 2006 Banca Monte dei Paschi di Siena SpA
13 CitationsSource
#2Antonio SalviH-Index: 5
8 Citations
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