Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/319945 
Year of Publication: 
2012
Series/Report no.: 
CASMEF Working Paper Series No. WP 2012/02
Publisher: 
LUISS Guido Carli, Department of Economics and Business, Arcelli Centre for Monetary and Financial Studies, Rome
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.
Subjects: 
SMEs
IPO
equity financing
financial constraints
JEL: 
G1
G3
Document Type: 
Working Paper

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