The crucial issues raised by the Medium-sized Enterprises (MSEs) include their relative efficiency in comparison with the overall economy, and their role in sustainability and long-term prospects for European countries and regions, which are based strongly on the presence of manufacturing MSEs. This paper, in particular, investigates the pre-existing relationship between the growth processes of medium-sized Italian family businesses and the corresponding financing policies they adopt. The survey reveals interesting variables that could explain the financial behavior of medium-sized enterprises: the economic subject’s objectives, the individual preferences, the propensity to take risks and to open ownership of the firm, the financial culture of the entrepreneur or entrepreneurial group and links with the surrounding financial community, time and the characteristics of the development project.
Growth processes and corporate finance in Italian medium-sized family businesses
PALAZZI, FEDERICA
2011
Abstract
The crucial issues raised by the Medium-sized Enterprises (MSEs) include their relative efficiency in comparison with the overall economy, and their role in sustainability and long-term prospects for European countries and regions, which are based strongly on the presence of manufacturing MSEs. This paper, in particular, investigates the pre-existing relationship between the growth processes of medium-sized Italian family businesses and the corresponding financing policies they adopt. The survey reveals interesting variables that could explain the financial behavior of medium-sized enterprises: the economic subject’s objectives, the individual preferences, the propensity to take risks and to open ownership of the firm, the financial culture of the entrepreneur or entrepreneurial group and links with the surrounding financial community, time and the characteristics of the development project.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
