A growing literature argues that distance matters in the Small business finance in Italy

@inproceedings{Guiso2003AGL,
  title={A growing literature argues that distance matters in the Small business finance in Italy},
  author={Luigi Guiso},
  year={2003}
}
this paper examines firms' capital structure and their access to financial debt, notably bank loans. We find that the share of financial debt in total liabilities is, on average, smaller for small firms than for large ones. However, this is not because the typical small firm borrows less than a large firm, but because small firms are more likely not to borrow at all. For firms that do borrow, the share of financial debt varies little with firm size. The absence of financial debt on the balance… CONTINUE READING

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