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Profitability and leverage: the positioning of Italian firms in the European arena

Author

Listed:
  • Lorenzo Caprio

    (Università Cattolica del S. Cuore)

  • Silvia Rigamonti

    (Università Cattolica del S. Cuore)

Abstract

The on-going asset-quality review process implemented by the European Central Bank may seriously affect the possibility of easing bank credit. This paper examines debt and profitability of firms in the four major countries of the Euro area, using data available in Bach database from 2000 to 2012. Our results reveal that Italian firms are more fragile than their German and French counterparts and small firms suffer the most

Suggested Citation

  • Lorenzo Caprio & Silvia Rigamonti, 2014. "Profitability and leverage: the positioning of Italian firms in the European arena," BANCARIA, Bancaria Editrice, vol. 6, pages 16-27, June.
    • Handle: RePEc:ban:bancar:v:06:y:2014:m:june:p:16-27
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    File URL: http://www.bancaria.it/en/profitability-and-leverage-the-positioning-of-italian-firms-in-the-european-arena
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    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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