Version 1
: Received: 13 September 2018 / Approved: 14 September 2018 / Online: 14 September 2018 (03:30:16 CEST)
How to cite:
Sarno, D.; Cinquegrana, G. Regional Effects on the Capital Structure of the Italian SMEs. Preprints2018, 2018090248. https://doi.org/10.20944/preprints201809.0248.v1
Sarno, D.; Cinquegrana, G. Regional Effects on the Capital Structure of the Italian SMEs. Preprints 2018, 2018090248. https://doi.org/10.20944/preprints201809.0248.v1
Sarno, D.; Cinquegrana, G. Regional Effects on the Capital Structure of the Italian SMEs. Preprints2018, 2018090248. https://doi.org/10.20944/preprints201809.0248.v1
APA Style
Sarno, D., & Cinquegrana, G. (2018). Regional Effects on the Capital Structure of the Italian SMEs. Preprints. https://doi.org/10.20944/preprints201809.0248.v1
Chicago/Turabian Style
Sarno, D. and Giuseppe Cinquegrana. 2018 "Regional Effects on the Capital Structure of the Italian SMEs" Preprints. https://doi.org/10.20944/preprints201809.0248.v1
Abstract
The paper aims to investigate on the determinants of the capital structure of the Italian SMEs and it is based on a large panel of Italian manufacturing SMEs observed in the years 2001-2013. The analysis achieves a comparative investigation between the capital structure of the firms belonging in the Southern region, the so-called Italian Mezzogiorno that is the slow growing area of the country, and the firms of the Center-northern region of Italy, that is the more developed area of the country. Fixed effect panel techniques applied to the several standard leverage models allows to reaffirm some distinctive features showing differences of the financial behavior of regional firms.
Keywords
capital structure; corporate finance; leverage model; fixed effect panel
Subject
Business, Economics and Management, Economics
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.