Italian Corporate Governance, Investment, and Finance

  title={Italian Corporate Governance, Investment, and Finance},
  author={Robert E. Carpenter and Laura Rondi and Direttore Responsabile and Secondo Rolfo},
Italian industrial structure and financial markets have several distinct features. Italian firms are relatively small, few trade publicly and no corporate bond market exists. The limited types of external funds available to Italian firms makes them prone to financing constraints. We examine a panel containing over 1100 Italian firms. We find that firm size… CONTINUE READING