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IMAGE: New research unveils that firms connected to organized crime have lower return on assets, higher debt, lower cash holdings and are more likely to default. view more
Credit: Paolo Tonato
New research from Bocconi University in Milan highlights that, contrary to received wisdom, connections to organized crime harm a company s financial performance and increase by 25.5% its likelihood to go bust.
Using a novel dataset from AISI, the Italian Internal Intelligence and Security agency, Bocconi professors Antonio Marra, Donato Masciandaro, and Nicola Pecchiari in a paper co-authored with Pietro Bianchi (Florida International University) published online in
The Accounting Review, identify 1,840 criminally connected firms headquartered in Italy s Lombardy region.
Can reopening theaters give the film industry a fresh start?
The pandemic sheds a new light on the movie theater monopoly crisis Gainesville s Regal movie theaters are set to reopen in April and May. [photo by Brenna Sheets]
The sequel to the Hollywood Antitrust Case of 1948 may be right around the corner.
As Disney’s recent acquisition of 20th Century Fox turned the “Big Six motion picture conglomerates into the “Big Five,” the film industry is facing its second monopoly crisis over 70 years later.
With theatrical releases put on hold and streaming services on the rise due to the COVID-19 pandemic, the prioritization of economic gain over artistic value has become more evident than ever.