BItNotes n°4
BItNotes n°4
"Italian machine tools: structural features and growth opportunities"
A.Franzosi, E.Pellizzoni - October 2002
Abstract
This paper studies the main economic features of the Italian machine tools sector, made up of several sub-sectors within the mechanical machinery industry. Particular attention is paid to the relationships between the evolution of competitive strategies of firms and the role of equity markets. Correlations between economic performance of the machine tools industry, business cycle, domestic and foreign demand, innovation and size structure of the industry are described. Performance and volatility of the shares of the listed machine tools firms are analysed, with particular attention to the relation between price performance and business cycle. The paper describes the presence of machine tools firms in the Italian equity market and compares the market capitalisation of Italian listed companies with the main European comparables. A sample of Italian companies that could be listed is identified and described, using information on size, profitability and ownership structure of the firms.
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(623kb) (available only in Italian)
For further information please send an e-mail to:
alessandra.franzosi@borsaitaliana.it or enrico.pellizzoni@borsaitaliana.it