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Relational capital, profitability and access to credit: evidence from a sample of Italian small firms

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  • Matteo Migheli

Abstract

This paper investigates the relationship between relational capital and profitability and accessibility to credit of a small firm. The extant literature shows a positive link between relational capital and other variables relevant to a firm’s development but does not cover access to credit. Here, a sample of 136 small firms from Piemonte (north-western Italy) is used. The results show that relational capital eases the access to credit and, in some cases, increases the probability of running positive profits. Copyright Springer-Verlag Berlin Heidelberg 2013

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  • Matteo Migheli, 2013. "Relational capital, profitability and access to credit: evidence from a sample of Italian small firms," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 60(2), pages 221-233, June.
    • Handle: RePEc:spr:inrvec:v:60:y:2013:i:2:p:221-233
    DOI: 10.1007/s12232-013-0180-6
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    More about this item

    Keywords

    Relational capital; Small firms; Access to credit; Italy; D22; M21; Z13;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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