Evidence from Italian firm-level data
نویسنده
چکیده
The study, aimed at evaluating the likely effects of the EC Directive on late payments, provides direct evidence that interfirm credit received by Italian manufacturing firms is, if ever, only slightly more expensive than bank loans. An econometric exercise shows that financial determinants have a stronger impact on recorded credit and debt periods for larger firms, able to use trade credit to smooth their cycle; smaller firms seem to adapt more passively to counterparties’ supply and demand. A novel finding is that shorter credit periods are associated to the directly measured discount offered for quicker payments. JEL classification: E52; G32
منابع مشابه
Is It More Important to Address the Issue of Patient Mobility or to Guarantee Universal Health Coverage in Europe?; Comment on “Regional Incentives and Patient Cross-Border Mobility: Evidence From the Italian Experience”
This paper discusses whether European institutions should devote so much attention and funding to cross-border healthcare or they should instead prioritise guaranteeing universal health coverage (UHC), inequalities and tackling the effects of austerity measures. The paper argues through providing the evidence in both areas of research, that the priority at European level from a public health an...
متن کاملInterregional Patient Mobility in the Italian NHS: A Case of Badly-Managed Decentralization; Comment on “Regional Incentives and Patient Cross-Border Mobility: Evidence From the Italian Experience”
The article by Brenna and Spandonaro on interregional mobility for acute hospital care in Italy raises important issues concerning social and territorial equity in a healthcare system. Based on Regions and private providers’ strategic behavior, the hypothesis adopted to explain patient cross-border mobility (CBM), demonstrated by statistical analysis, may be further explored using qualitative m...
متن کاملExternal Factors Affecting Firm Growth: Evidence from Small Scale Manufacturing Firms in Tigray Regional State of Ethiopia
It is widely agreed that small scale enterprises (SSEs) used to play a crucial role in achieving the industrial and economic development. Though SSEs play indispensable economic role, studies are limited to analyze the external factors that affect the growth of SSEs independently. Therefore, the objective of this paper is to examine the effect of external firm factors influencing small scale ma...
متن کاملThe Health Mobility Is All True Mobility?; Comment on “Regional Incentives and Patient Cross-border Mobility: Evidence From the Italian Experience”
In their study, Brenna and Spandonaro analyzed the mobility into Italian regions. In particular, it analyzes the situation of 5 regions, with very different backgrounds. With this paper, we try to better define the meaning of health mobility and to find its underlying causes. Furthermore, we propose a strategy that could help in controlling mobility flows that currently are the source of health...
متن کاملINTERNATIONAL TRADE AND FIRM PRODUCTIVITY WITHIN THE ITALIAN MANUFACTURING SECTOR: Self-Selection or Learning-by-Exporting?
The ongoing process of international economic integration has induced several academic researchers and policy makers to deepen increasingly issues about the relationship between international trade and economic growth. More in particular, the attention is increasingly focusing on the link between exporting and firm performance, acknowledging the extreme relevance of ‘firm heterogeneity’. This p...
متن کامل