The paper shows that there is a relationship between firm’s financial condition and the industrial specialization model of the Italian Mezzogiorno, that is the least developed area of the country. In order to analyze the financial status of the firms, the approach of the theory of the finance is adopted. The empirical model proposed by the Gibrat law literature is used to produce the estimates of the relationship between firms’ growth and cash flow. Then, the indices measuring the “financial dependence ” on the internal finance or the “financial constraints ” to the firm growth of the Mezzogiorno’s industries are compared to those of the other Italian regions. Finally, the analysis of the between the emerging financial condition of the firm...
WP 14/2000; Italian industrial structure and financial markets have several distinct features. Itali...
This study analyzes the extent to which small firms’ capital structure decisions may be affected by ...
Italy is characterized by strong differences both in the productive and in the financial structure. ...
In this paper it is shown that the growth of southern Italian firms is financed mostly by internal f...
The analysis of the financial constraints on the firm growth deals with the relationship between the...
AbstractThe recent evolution of Italian capitalism shows the increasing relevance of medium-sized en...
The paper shows how small and medium enterprises located in the less developed regions of Southern ...
Italian industrial structure and financial markets have several distinct features. Italian firms are...
We use a large firm-level panel data set to analyze the relevance of liquidity constraints on firm g...
Based on GMM-system estimates of a large panel data set of Italian small- and medium-sized firms (S...
The aim of this paper is to offer some empirical insights on the financial decisions of the Italian ...
The crucial issues raised by the Medium-sized Enterprises (MSEs) include their relative efficiency i...
In this paper, we analyze the distributional properties of firms' growth, using an exhaustive data s...
Our study confirms that the financial constraints to SME’s growth tend to appear as an excess of sen...
We look at the role of the financial sector in the context of the relatively backward regions of Sou...
WP 14/2000; Italian industrial structure and financial markets have several distinct features. Itali...
This study analyzes the extent to which small firms’ capital structure decisions may be affected by ...
Italy is characterized by strong differences both in the productive and in the financial structure. ...
In this paper it is shown that the growth of southern Italian firms is financed mostly by internal f...
The analysis of the financial constraints on the firm growth deals with the relationship between the...
AbstractThe recent evolution of Italian capitalism shows the increasing relevance of medium-sized en...
The paper shows how small and medium enterprises located in the less developed regions of Southern ...
Italian industrial structure and financial markets have several distinct features. Italian firms are...
We use a large firm-level panel data set to analyze the relevance of liquidity constraints on firm g...
Based on GMM-system estimates of a large panel data set of Italian small- and medium-sized firms (S...
The aim of this paper is to offer some empirical insights on the financial decisions of the Italian ...
The crucial issues raised by the Medium-sized Enterprises (MSEs) include their relative efficiency i...
In this paper, we analyze the distributional properties of firms' growth, using an exhaustive data s...
Our study confirms that the financial constraints to SME’s growth tend to appear as an excess of sen...
We look at the role of the financial sector in the context of the relatively backward regions of Sou...
WP 14/2000; Italian industrial structure and financial markets have several distinct features. Itali...
This study analyzes the extent to which small firms’ capital structure decisions may be affected by ...
Italy is characterized by strong differences both in the productive and in the financial structure. ...