The Italian Banking System: Facts and Interpretations

Bonis, Riccardo De; Pozzolo, Alberto Franco; Stacchini, Massimiliano

doi:10.2139/ssrn.2126074

Cited by 21 publications

(16 citation statements)

References 15 publications

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“…Looking from the other side of the intermediation spectrum, these facts may be put in relation to the way in which the banking sector of both countries went through this period of financial turmoil. In that sense, one can say that the Italian banking sector reacted pretty well at the beginning (De Bonis et al ., ). The main reason for this milder impact of the crisis is surely connected to the above‐mentioned traditional business model of Italian banks.…”

Section: Analysis Of Resultsmentioning

confidence: 99%

“…According to ECB data, loans accounted for more than 60% of Italian banking assets in 2014, which is well beyond the Eurozone average and contrasts particularly with the balancesheet composition of UK banks. Various factors have contributed to this traditional approach of the Italian banking sector: the preponderance of family-controlled firms that keep outside shareholders away; the prevalence of a public pension system, which leaves little room for institutional investors; and, more generally, a legal system not very favorable to minority shareholders (De Bonis et al, 2012). This makes Italian SMEs heavily dependent on bank loans, with all the adverse effects that this may entail in a bank-based system when entering a cyclical downturn (Baum et al, 2011).…”

Section: Descriptive Analysis: the Uk-italy Paradoxmentioning

confidence: 99%

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Exploring the Determinants of Crowdfunding: The Influence of the Banking System

Paulet

Relaño

2017

Strategic Change

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Section: Analysis Of Resultsmentioning

confidence: 99%

Section: Descriptive Analysis: the Uk-italy Paradoxmentioning

confidence: 99%

Exploring the Determinants of Crowdfunding: The Influence of the Banking System

Paulet

Relaño

2017

Strategic Change

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“…In particular, studies explore the financial structures and performances, along with how the financial crisis has impacted companies (de Socio et al, 2014;De Bonis et al, 2012;Rivaud-Danset et al, 2001). Within this field, Italian small and medium-sized companies represent a typical sample population for this kind of study (La Rocca et al, 2011;Giacosa, 2015) as they are widespread in the Italian economic context (Broccardo et al, 2016).…”

Section: Literature Reviewmentioning

confidence: 99%

Why small and medium-sized firms tend to make recourse to external debt: An investigation into an Italian sample

Mazzoleni¹,

Giacosa²,

Maria³

2017

Afr. J. Bus. Manage.

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The purpose of this research is to identify the determinants impacting companies' financial structure in SMEs belonging to different economic sectors. The research is due to the current situation which characterizes the banking system and the companies' environment. Within this context, both companies and stakeholders need to identify the determinants impacting these companies' financial structure in order to optimize their decisions in terms of short and medium-long term goals and internal/external sources. In a previous research, the frame work of this study has been presented in which some variables impacting companies' financial structure have been identified. Finally, our sample is composed of 12,175 Italian companies; 2% of them are bankrupt; 97% have external debts. The present research identifies the relationship between variables introduced by the literature on the level of indebtedness. In particular, the following variables have been analysed to assess their impact on suitable funding methods: The growth of the company, the attitude to repaying financial debts, the companies' financial situation, their age, size, intangible assets ratio, and economic sector. The present research has some interesting theoretical and practical implications, along with some limitations linked to the sample and research method.

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“…Some researches made a comparison between the financial structure of small and medium-sized enterprises and large ones on several European and American countries; they analyzed their financial structures and performances and the effects of the economic and financial crisis (de Socio et al, 2014;De Bonis et al, 2012;Rivaud-Danset et al, 2001). …”

Section: Literaturementioning

confidence: 99%

The financing methods for small and medium companies: comparison between Italy and Germany

Rossi¹,

Giacosa²,

Mazzoleni³

2016

COC

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PurposeThe aim of the research is to identify the appropriate financing methods for small and medium-sized enterprises (with particular reference to alternative instruments to the banking ones), by comparing Italian and German companies. MethodologyBased on a sample of Italian and German small-medium sized enterprises and thanks to a quantitative method, the research methodology was developed by the following logical steps: i) illustration of the informative matrix used, thanks to which it's possible to identify different types of financing instruments (also those alternative to the banking ones) the most suitable for the analyzed companies; ii) adoption of the informative matrix to the sample of Italian and German companies; iii) comparison Italy-Germany. FindingsSeveral differences emerged between Italian and German small and medium-sized companies, regarding the most suitable suggested financing forms. The degree of effectiveness of the financing instruments alternative to the debt appears influenced by the analysed space-time context. With reference to Italy, the effectiveness of these instruments is rather modest. With reference to Germany, it occurs the opposite scenario. OriginalityThe originality of the paper is linked to the current profound changes in both economic and normative terms. The research tries to lead companies to change their financial culture, also considering financial instruments alternative to the bank debt particularly suitable for small and medium-sized enterprises.

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The Italian Banking System: Facts and Interpretations

Cited by 21 publications

References 15 publications

Exploring the Determinants of Crowdfunding: The Influence of the Banking System

Exploring the Determinants of Crowdfunding: The Influence of the Banking System

Why small and medium-sized firms tend to make recourse to external debt: An investigation into an Italian sample

The financing methods for small and medium companies: comparison between Italy and Germany

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