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The impact on the Italian firms of the fourth industrial revolution and the strategic role of banks

Author

Listed:
  • Angela Bottaccini

    (UniCredit, Italy and Germany Institutional - Regulatory Affairs, Roma e Bologna)

  • Attilio Zenobi

    (UniCredit, Italy and Germany Institutional - Regulatory Affairs, Roma e Bologna)

  • Zeno Rotondi

    (UniCredit, Italy and Germany Institutional - Regulatory Affairs, Roma e Bologna)

Abstract

This paper summarizes the main challenges that the transition to the fourth industrial revolution involves. Almost all Italian companies are still unprepared to face the new challenge and are likely to start with a severe handicap compared to foreign competitors. The banks, that are the main source of financing for Italian firms, have to play an important role in this historic transition. However, the European comparison shows that the financing of Italian corporate companies absorbs more bank capital than corporate companies of other European countries, like Germany. Then it is important to strengthen the government guarantee schemes, facilitating the access to them also for firms from 250 to 500 employees

Suggested Citation

  • Angela Bottaccini & Attilio Zenobi & Zeno Rotondi, 2016. "The impact on the Italian firms of the fourth industrial revolution and the strategic role of banks," Argomenti, University of Urbino Carlo Bo, Department of Economics, Society & Politics, vol. 4(4), pages 1-16, May-Augus.
    • Handle: RePEc:urb:journl:v:4:y:2016:p:1-16
    DOI: 10.14276/1971-8357.516
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    More about this item

    Keywords

    Fourth Industrial Revolution; Industrial Policy; Government Guarantees ; Bank-Firm Relationship.;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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