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The performance of Italian public funds for Smes: a comparative analysis

Author

Listed:
  • Salvatore Sacco

    (Università Parthenope, Napoli)

  • Giuseppe Sapienza

    (UniCredit)

Abstract

The National Fund for Innovation is a public policy instrument that is showing a significant capacity in supporting Italian Smes. It is also functional to stimulate the activation of virtuous circles in local economies, but with different effects in the various geographical areas. In particular, the use of Nfi by Southern enterprises may be hampered by the opacity of administrative and accounting procedures and by a lower tendency to innovation

Suggested Citation

  • Salvatore Sacco & Giuseppe Sapienza, 2011. "The performance of Italian public funds for Smes: a comparative analysis," BANCARIA, Bancaria Editrice, vol. 3, pages 54-61, March.
  • Handle: RePEc:ban:bancar:v:03:y:2011:m:march:p:54-61
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    File URL: http://www.bancariaeditrice.it/prodotti/vedi/prodotto/id/2458/bancaria-n-3-2011
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    More about this item

    Keywords

    Fondo nazionale innovazione; Fondo centrale di garanzia; Pmi;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts

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