Ettore Croci

Catholic University of the Sacred Heart of Milan

Largo Gemelli, 1

Via Necchi 9

Milan, MI 20123

Italy

SCHOLARLY PAPERS

34

DOWNLOADS
Rank 5,792

SSRN RANKINGS

Top 5,792

in Total Papers Downloads

15,157

TOTAL CITATIONS
Rank 6,397

SSRN RANKINGS

Top 6,397

in Total Papers Citations

110

Scholarly Papers (34)

1.

Why Do Managers Make Serial Acquisitions? An Investigation of Performance Predictability in Serial Acquisitions

Number of pages: 35 Posted: 22 May 2005 Last Revised: 03 Apr 2009
Ettore Croci and Dimitris Petmezas
Catholic University of the Sacred Heart of Milan and Durham University Business School
Downloads 1,841 (19,927)
Citation 10

Abstract:

Loading...

Acquisitions, bidders, serial acquirers, performance persistence

2.

Is Working Capital Management Value-Enhancing? Evidence from Firm Performance and Investments

Number of pages: 36 Posted: 08 Oct 2013 Last Revised: 09 Dec 2014
Nihat Aktas, Ettore Croci and Dimitris Petmezas
WHU - Otto Beisheim School of Management, Catholic University of the Sacred Heart of Milan and Durham University Business School
Downloads 1,226 (36,555)
Citation 15

Abstract:

Loading...

Working Capital Management, Performance, Investment, Risk

CEO Compensation, Family Control, and Institutional Investors in Continental Europe

Number of pages: 49 Posted: 27 Aug 2010 Last Revised: 10 Jul 2012
Ettore Croci, Halit Gonenc and Neslihan Ozkan
Catholic University of the Sacred Heart of Milan, University of Groningen - Faculty of Economics and Business and University of Bristol - School Accounting and Finance, U.K.
Downloads 730 (73,942)
Citation 9

Abstract:

Loading...

CEO compensation, family firms, institutional investors, Europe

CEO Compensation, Family Control and Institutional Investors in Continental Europe

Paris December 2010 Finance Meeting EUROFIDAI - AFFI, Midwest Finance Association 2012 Annual Meetings Paper
Number of pages: 44 Posted: 23 Oct 2010 Last Revised: 19 Sep 2011
Ettore Croci, Halit Gonenc and Neslihan Ozkan
Catholic University of the Sacred Heart of Milan, University of Groningen - Faculty of Economics and Business and University of Bristol - School Accounting and Finance, U.K.
Downloads 270 (238,875)
Citation 6

Abstract:

Loading...

CEO Compensation, Family Firms, Institutional Investors, Europe

4.

Ownership Structure, Family Control, and Acquisition Decisions

Journal of Corporate Finance, Vol. 17, No. 5, pp. 1636-1657
Number of pages: 54 Posted: 03 Nov 2008 Last Revised: 27 Nov 2011
Università Cattolica del Sacro Cuore, Milano, Catholic University of the Sacred Heart of Milan and Catholic University of the Sacred Heart of Milan
Downloads 808 (65,742)
Citation 6

Abstract:

Loading...

family firm, acquisition, shareholder identity, bidder return

Value of Control in Family Firms: Evidence from Mergers and Acquisitions

Number of pages: 34 Posted: 17 Oct 2015
Nihat Aktas, Santo Centineo and Ettore Croci
WHU - Otto Beisheim School of Management, WHU - Otto Beisheim School of Management and Catholic University of the Sacred Heart of Milan
Downloads 365 (172,766)

Abstract:

Loading...

family firms, leverage, control motives, acquisitions

Value of Control in Family Firms: Evidence from Mergers and Acquisitions

Multinational Finance Journal, Vol. 20, No. 2, p. 85-126, 2016
Number of pages: 42 Posted: 31 Aug 2016
Nihat Aktas, Santo Centineo and Ettore Croci
WHU - Otto Beisheim School of Management, WHU - Otto Beisheim School of Management and Catholic University of the Sacred Heart of Milan
Downloads 324 (196,811)

Abstract:

Loading...

family firms; leverage; control motives; acquisitions

6.

The Advisory and Monitoring Roles of the Board - Evidence from Disruptive Events

European Corporate Governance Institute – Finance Working Paper No. 673/2020
Number of pages: 51 Posted: 23 Apr 2020 Last Revised: 29 May 2020
Catholic University of the Sacred Heart of Milan, ETH Zurich, ETH Zurich, Department of Humanities, Social and Political Sciences, Department of Management, Technology and Economics, Students and National University of Singapore (NUS) - Faculty of Law
Downloads 683 (81,736)
Citation 6

Abstract:

Loading...

Disruptive events, corporate governance, board of directors

7.

Stock Price Performances of Target Firms in Unsuccessful Acquisitions

Number of pages: 36 Posted: 05 Aug 2005
Ettore Croci
Catholic University of the Sacred Heart of Milan
Downloads 680 (82,209)
Citation 2

Abstract:

Loading...

M&A, unsuccessful acquisitions, failed mergers, target firm, event study

8.

Corporate Governance and Takeover Outcomes

Number of pages: 33 Posted: 29 Apr 2015 Last Revised: 06 Jun 2015
Nihat Aktas, Ettore Croci and Serif Aziz Simsir
WHU - Otto Beisheim School of Management, Catholic University of the Sacred Heart of Milan and Sabanci University
Downloads 661 (85,253)
Citation 7

Abstract:

Loading...

Corporate governance, Takeover, Board of Directors, Blockholder, Activist investor, Product market competition, Labor market

9.

Delistings, Controlling Shareholders, and Firm Performance in Europe

European Financial Management, Forthcoming
Number of pages: 45 Posted: 05 Feb 2010 Last Revised: 07 Jan 2012
Ettore Croci and Alfonso Del Giudice
Catholic University of the Sacred Heart of Milan and Catholic University of the Sacred Heart of Milan
Downloads 556 (106,217)
Citation 2

Abstract:

Loading...

delisting, freeze-out, private firm, going private

Family Control and Financing Decisions

European Financial Management, Vol. 17, No. 5, pp. 860-897, 2011
Number of pages: 50 Posted: 14 Jan 2010 Last Revised: 09 Jan 2012
Ettore Croci, John A. Doukas and Halit Gonenc
Catholic University of the Sacred Heart of Milan, Old Dominion University - Strome College of Business and University of Groningen - Faculty of Economics and Business
Downloads 517 (114,809)

Abstract:

Loading...

family firms, financing decisions, equity issues, debt issues, capital structure

11.

The Determinants of the Voting Premium in Italy: The Evidence from 1974 to 2003

Journal of Banking and Finance, Vol. 32, No. 2433-2443, 2008
Number of pages: 38 Posted: 20 Apr 2006 Last Revised: 03 Nov 2008
Ettore Croci and Lorenzo Caprio
Catholic University of the Sacred Heart of Milan and Università Cattolica del Sacro Cuore, Milano
Downloads 473 (129,414)
Citation 6

Abstract:

Loading...

Voting premium, voting rights, non-voting shares, Italy

12.

The Corporate Governance Endgame – An Economic Analysis of Minority Squeeze-Out Regulation in Germany

Number of pages: 47 Posted: 10 Jun 2012 Last Revised: 31 Jan 2014
Ettore Croci, Olaf Ehrhardt and Eric Nowak
Catholic University of the Sacred Heart of Milan, University of Applied Sciences Stralsund and Swiss Finance Institute
Downloads 454 (136,028)
Citation 3

Abstract:

Loading...

Corporate Governance, Investor protection, Event studies, Squeeze-outs, Germany

13.

Executive Compensation and Deployment of Corporate Resources: Evidence from Working Capital

Paris December 2015 Finance Meeting EUROFIDAI - AFFI
Number of pages: 43 Posted: 10 Oct 2015 Last Revised: 22 May 2020
WHU - Otto Beisheim School of Management, Catholic University of the Sacred Heart of Milan, Bilkent University - Faculty of Business Administration and Durham University Business School
Downloads 410 (153,179)

Abstract:

Loading...

working capital, bonus payment, executive compensation, financial constraint

14.

The Economic Effect of Interlocking Directorates in Italy: New Evidence Using Centrality Measures

Computational & Mathematical Organization Theory, Forthcoming
Number of pages: 35 Posted: 17 Apr 2010 Last Revised: 05 Apr 2013
Ettore Croci and Rosanna Grassi
Catholic University of the Sacred Heart of Milan and University of Milano - Bicocca - Department of Statistics and Quantitative Methods
Downloads 400 (157,518)
Citation 3

Abstract:

Loading...

Corporate boards, centrality, interlockings, firm performance, stock price

15.

Bolstering Family Control: Evidence from Loyalty Shares

European Corporate Governance Institute - Finance Working Paper No. 619/2019
Number of pages: 51 Posted: 01 Aug 2019 Last Revised: 01 May 2020
University of Bologna - Department of Management, University of Bologna - Department of Management, University of Bologna - Department of Management and Catholic University of the Sacred Heart of Milan
Downloads 382 (165,827)
Citation 2

Abstract:

Loading...

Loyalty shares, Family firms, Long-term shareholders; Control-enhancing mechanisms

Am I Right or Am I Right? Dividend Privileges and the Value of Voting Rights

ECGI - Finance Working Paper No. 312/2011
Number of pages: 46 Posted: 08 Jul 2011
Marco Bigelli and Ettore Croci
University of Bologna - Department of Management and Catholic University of the Sacred Heart of Milan
Downloads 213 (302,278)

Abstract:

Loading...

non-voting shares, voting premium, dual-class share firms, Italy

Dividend Privileges and the Value of Voting Rights: Evidence from Italy

Journal of Empirical Finance, 2013, vol. 24, pages 94-107
Number of pages: 37 Posted: 06 Jul 2011 Last Revised: 06 Mar 2014
Marco Bigelli and Ettore Croci
University of Bologna - Department of Management and Catholic University of the Sacred Heart of Milan
Downloads 169 (374,499)
Citation 1

Abstract:

Loading...

non-voting shares, voting premium, dual-class share firms, Italy

17.

Do Risk-Taking Incentives Induce CEOs to Invest? Evidence from Acquisitions

Journal of Corporate Finance, Forthcoming
Number of pages: 52 Posted: 22 May 2013 Last Revised: 25 Mar 2015
Ettore Croci and Dimitris Petmezas
Catholic University of the Sacred Heart of Milan and Durham University Business School
Downloads 372 (170,812)
Citation 5

Abstract:

Loading...

Executive compensation, Managerial incentives, Risk-taking, Mergers and acquisitions, Overconfidence

18.

Minority Shareholders' Wealth Effects and Stock Market Development: Evidence from Increase-in-Ownership M&As

Journal of Banking & Finance, Vol. 34, pp. 681-694, 2010
Number of pages: 51 Posted: 03 Mar 2008 Last Revised: 03 Sep 2023
Ettore Croci and Dimitris Petmezas
Catholic University of the Sacred Heart of Milan and Durham University Business School
Downloads 370 (171,852)
Citation 1

Abstract:

Loading...

minority shareholders, stock market development, increase-in-ownership mergers, target returns

19.

Managerial Overconfidence in High and Low Valuation Markets and Gains to Acquisitions

International Review of Financial Analysis, Vol. 19, pp. 368-378, 2010
Number of pages: 38 Posted: 25 Feb 2009 Last Revised: 17 Apr 2011
Catholic University of the Sacred Heart of Milan, Durham University Business School and University of Glasgow
Downloads 366 (173,883)

Abstract:

Loading...

Market Valuation, managerial overconfidence, stock options, short-term wealth effects

20.

Institutional Investors Networks and Firm Value

Number of pages: 44 Posted: 22 Jul 2015 Last Revised: 01 Feb 2017
University of Bologna - Department of Management, Catholic University of the Sacred Heart of Milan and University of Macerata - Department of Economics and Law
Downloads 364 (174,863)
Citation 1

Abstract:

Loading...

Institutional Ownership, Firm value, Social Network, Blockholders

21.

The Role of Corporate Political Strategies in M&As

Journal of Corporate Finance, Forthcoming
Number of pages: 70 Posted: 21 Sep 2014 Last Revised: 21 Jan 2017
Catholic University of the Sacred Heart of Milan, University of South Florida, University of South Florida and Durham University Business School
Downloads 278 (233,382)
Citation 2

Abstract:

Loading...

PAC contributions; lobbying activities; mergers and acquisitions; acquisition probability; time to completion; takeover premium

22.

CEO Age, Risk Incentives, and Hedging Strategy

Number of pages: 45 Posted: 10 May 2014 Last Revised: 13 Dec 2016
Catholic University of the Sacred Heart of Milan, Catholic University of the Sacred Heart of Milan - Department of Economics and Business Administration and Stockholm University - Stockholm Business School
Downloads 278 (233,382)
Citation 2

Abstract:

Loading...

Vega, executive compensation, hedging, options, CEO age

23.

Stock Market Development and the Financing Role of IPOs in Acquisitions

Number of pages: 39 Posted: 08 Sep 2016 Last Revised: 21 Sep 2018
WHU - Otto Beisheim School of Management, WHU - Otto Beisheim School of Management, Catholic University of the Sacred Heart of Milan and WHU - Otto Beisheim School of Management
Downloads 260 (249,924)
Citation 3

Abstract:

Loading...

stock market development, bank-based financial system, merger and acquisition, IPO, financial constraint

24.

Decision-Making During the Crisis: Why Did the Treasury Let Commercial Banks Fail?

European Corporate Governance Institute (ECGI) - Law Working Paper No. 281/2015
Number of pages: 61 Posted: 09 Feb 2015
Ettore Croci, Gerard Hertig and Eric Nowak
Catholic University of the Sacred Heart of Milan, ETH Zurich and Swiss Finance Institute
Downloads 255 (254,881)
Citation 4

Abstract:

Loading...

Resolution, Bail-out, Commercial Bank, CPP, Financial crisis, Bankruptcy

25.

Controversial Minority Shareholder: An Empirical Analysis

Number of pages: 48 Posted: 26 Jan 2004
Ettore Croci
Catholic University of the Sacred Heart of Milan
Downloads 252 (257,984)

Abstract:

Loading...

Corporate raiders, corporate control, event study, controversial minority investors

26.

Reductions in CEO Career Horizons and Corporate Policies

Journal of Corporate Finance, Forthcoming, Proceedings of Paris December 2019 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 46 Posted: 06 Feb 2019 Last Revised: 31 Dec 2020
WHU - Otto Beisheim School of Management, Texas Christian University - M.J. Neeley School of Business, Catholic University of the Sacred Heart of Milan and Catholic University of Milan
Downloads 239 (271,704)
Citation 4

Abstract:

Loading...

CEO, career horizon, tenure, illness, opportunism, investment, R&D, payout

27.

Corporate Divestitures around Acquisitions

Proceedings of Paris December 2020 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 51 Posted: 14 Oct 2020 Last Revised: 08 Jan 2022
Nihat Aktas, Aleksandra Baros and Ettore Croci
WHU - Otto Beisheim School of Management, Alma Mater Studiorum University of Bologna and Catholic University of the Sacred Heart of Milan
Downloads 208 (310,554)
Citation 3

Abstract:

Loading...

divestiture, acquisition, asset sales, asset restructuring, value creation

28.

Price Changes Around Hedge Fund Trades: Disentangling Trading and Disclosure Effects

Journal of Management & Governance, Forthcoming
Number of pages: 30 Posted: 01 Nov 2011 Last Revised: 05 Apr 2013
Ettore Croci and Giovanni Petrella
Catholic University of the Sacred Heart of Milan and Università Cattolica del Sacro Cuore
Downloads 190 (337,795)
Citation 3

Abstract:

Loading...

hedge funds, Italian stock market, price impact, disclosure

29.

Large Customer-supplier Links and Syndicate Loan Structure

Journal of Corporate Finance, Forthcoming
Number of pages: 50 Posted: 08 Apr 2019 Last Revised: 12 Dec 2020
Catholic University of the Sacred Heart of Milan, University of SouthamptonUniversity of Milan - Department of Economics, Management and Quantitative Methods (DEMM) and Shanghai University
Downloads 155 (403,929)
Citation 4

Abstract:

Loading...

Diversification, Large customer-supplier link, Loan structure, Loan pricing, Syndicated loan

30.

Climate Risk and Deployment of Corporate Resources to Working Capital

Number of pages: 14 Posted: 10 Jan 2023
SKEMA Business School – Université Côte d'Azur, WHU - Otto Beisheim School of Management and Catholic University of the Sacred Heart of Milan
Downloads 135 (451,478)

Abstract:

Loading...

Climate risk, working capital, carbon intensity, financial difficulty

31.

Information Salience and Credit Supply: Evidence from Payment Defaults on Trade Bills

Number of pages: 59 Posted: 27 Apr 2022 Last Revised: 02 Jun 2024
Alma Mater Studiorum University of Bologna, Catholic University of the Sacred Heart of Milan, Université Paris Dauphine - PSL and PSB Paris School of Business
Downloads 129 (468,282)

Abstract:

Loading...

Salience, Bank Lending, Behavioral Bias, Overreaction, Information-Sharing Mechanisms

32.

Coordinated Monitoring and Mergers and Acquisitions

European Financial Management, 1–38, 2023. https://doi.org/10.1111/eufm.12449
Number of pages: 38 Posted: 16 Aug 2023
Catholic University of the Sacred Heart of Milan, ESSCA school of management and Ben-Gurion University of the Negev
Downloads 104 (551,407)

Abstract:

Loading...

M&A, mergers and acquisitions, institutional investor, monitoring

33.

Are Acquirers able to Weather the Storm? Performance Effect of Post-merger Integration in Dire Times

Number of pages: 48 Posted: 18 Feb 2025 Last Revised: 10 Mar 2025
Nihat Aktas, Ettore Croci and Andrea Signori
WHU - Otto Beisheim School of Management, Catholic University of the Sacred Heart of Milan and Catholic University of Milan
Downloads 40 (913,439)

Abstract:

Loading...

COVID-19, uncertainty, firm performance, synergy disclosure, Post-merger integration

34.

Asymmetric Information and Target Returns

Posted: 05 Oct 2010
Catholic University of the Sacred Heart of Milan, Durham University Business School and University of SurreyALBA Graduate Business School

Abstract:

Loading...

Asymmetric Information, Mergers and Acquisitions, Target Announcement Returns, Takeover Premiums