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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
Author(s)
Pietro Pavone
Francesco Zappia
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DOI:10.17265/1537-1514/2018.01.001
Affiliation(s)
Ministry of Economy and Finance, Milano, Italy
eCampus University, Novedrate, Italy
ABSTRACT
This
work presents the main theoretical guidelines in order to understand the relationship
between banks and enterprises in the Italian economical context. It begins by looking
into the matter of coverage of the companies’ financial needs and it proposes an
analysis of the financial structure of small and medium-sized enterprises in Italy, in the years between 2007 and 2012.
The subject of studying capitalization of small and medium-sized Italian enterprises and of access to external sources of funding represents
an effective synthesis between the qualitative approach of the most important mentioned
theories and the quantitative analysis of recent Italian situation. This paper, while depicting the main challenges in the
relationship between banks and small and medium-sized enterprises, focuses on the weaknesses of the latter’s financial structure,
offering useful means to reach a desirable financial new equilibrium. There are
many different implications, both from a practical and a social point of view: the
wavering economic trend, the frequent enterprise crises and the continuous make
the start of processes of patrimonial strengthening and the research for a more
stable financial equilibrium, by the diversification of sources of funding. Furthermore,
looking into this matter makes it possible to reach a strategic, long-term point
of view on the sustainability of the Italian economic-productive system.
KEYWORDS
small and medium-sized enterprise, bank, financial structure, financial needs
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