Le PMI distrettuali meridionali nel nuovo contesto relazionale con il sovrasistema finanziario

The paper aims to examine the relationships between Southern district SMEs and financial system. These are significantly conditioned by strong asymmetric information: few and incomplete information supplied by firms makes banks not understanding their real economic and financing conditions, and determines lending rationing and increasing of interest rates and warranties.

For this, it is necessary for SMEs to start of using more the finance innovative instruments, like private equity, venture capital and business angels, and to improve the relationship with bank system, passing from a transactional approach to a more collaborative one.

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