IDEAS home Printed from https://ideas.repec.org/a/rvs/bancar/12_2-3_3.html
   My bibliography  Save this article

SMEs and the challenge to go public

Author

Listed:
  • Marianna Caccavaio

    (LUISS Guido Carli, CASMEF)

  • Jacopo Carmassi

    (LUISS Guido Carli, CASMEF)

  • Giorgio Di Giorgio

    (LUISS Guido Carli, CASMEF)

  • Marco Spallone

    (Gabriele D'Annunzio University of Chieti and Pescara and LUISS Guido Carli, CASMEF)

Abstract

Italian SMEs go public much less than SMEs located in other European countries, even though their relevance for the national economy is relatively higher in terms of employment and value added. Why do Italian SMEs so scarcely rely on equity as an external source of finance, despite the option of getting listed on SME-dedicated stock market segments? In this paper we address this question by analyzing the responses to a questionnaire that we submitted to a sample of listed firms and institutional investors. We also suggest policy interventions to provide Italian SMEs with the appropriate incentives for listing.

Suggested Citation

  • Marianna Caccavaio & Jacopo Carmassi & Giorgio Di Giorgio & Marco Spallone, 2012. "SMEs and the challenge to go public," Rivista Bancaria - Minerva Bancaria, Istituto di Cultura Bancaria Francesco Parrillo, issue 2-3, June.
    • Handle: RePEc:rvs:bancar:12_2-3_3
    as

    Download full text from publisher

    File URL: http://rivistabancaria.it/rb-rivista-bancaria/smes-and-the-challenge-to-go-public
    Download Restriction: Full text for Rivista Bancaria subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chungwon Woo & Yanghon Chung & Dongphil Chun & Hangyeol Seo, 2014. "Exploring the Impact of Complementary Assets on the Environmental Performance in Manufacturing SMEs," Sustainability, MDPI, vol. 6(10), pages 1-21, October.

    More about this item

    Keywords

    SMEs; IPO; equity financing; financial constraints;
    All these keywords.

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance
    • G1 - Financial Economics - - General Financial Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rvs:bancar:12_2-3_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stefano Marzioni (email available below). General contact details of provider: http://www.rivistabancaria.it .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.