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Please use this identifier to cite or link to this item: http://hdl.handle.net/2108/798

Title: Gli strumenti finanziari partecipativi
Authors: Farenga, Luigi
Innocenti, Federica
Issue Date: 17-Feb-2009
Abstract: The recent corporate law reform introduced different types of financial instruments, while aiming at increasing the recourse to capital markets and meeting the diversified requests of emerging categories of professional and sophisticated investors. The aforementioned financial instruments came to fall in a wide grey zone between stock and corporate bonds, although they differ from both because destined to specific professional investors instead of retail investors. The following research presents an analysis of some particular kinds of financial instruments, called “participating financial instruments” by artt. 2346, 2349 and 2351, civil code. The first part of the paper explores the content of the adjective “participating” because it is not clear whether “participating” is to be referred to the social organization or to the exposure to risk that these instruments entail. The latter interpretation eventually prevails. Consequently, “participating” is referred to participation, throu...
Description: 20. ciclo
URI: http://hdl.handle.net/2108/798
Appears in Collections:Tesi di dottorato in economia

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