During the last few years, the question of whether the growth of Italian SMEs, and young, innovative firms in particular, is being restricted by a lack of equity capital, and if so to what extent, has attracted the attention of both researchers and practitioners.The main aim of this chapter is to identify and verify the causes which generate financial needs to be covered by equity, and to estimate the absolute and relative size of the investment required. The contribute consists of two main sections. The first examines the models adopted to compute the additional equity needed to finance the expected growth in sales, and the sample of SMEs to which the different models have been applied. Particular attention is paid to the sample selection criteria – crucial for a proper explanation of the results – and the structural characteristics which emerge from an analysis of the firms’ financial statements. The second section surveys the key variables included in the models and evaluates the results stemming from their application. Finally, the main conclusions of the study are presented.

An original Equity Requirement Estimation Model / Canovi, Luciana; Venturelli, Valeria. - STAMPA. - (2008), pp. 43-60.

An original Equity Requirement Estimation Model

CANOVI, Luciana;VENTURELLI, Valeria
2008

Abstract

During the last few years, the question of whether the growth of Italian SMEs, and young, innovative firms in particular, is being restricted by a lack of equity capital, and if so to what extent, has attracted the attention of both researchers and practitioners.The main aim of this chapter is to identify and verify the causes which generate financial needs to be covered by equity, and to estimate the absolute and relative size of the investment required. The contribute consists of two main sections. The first examines the models adopted to compute the additional equity needed to finance the expected growth in sales, and the sample of SMEs to which the different models have been applied. Particular attention is paid to the sample selection criteria – crucial for a proper explanation of the results – and the structural characteristics which emerge from an analysis of the firms’ financial statements. The second section surveys the key variables included in the models and evaluates the results stemming from their application. Finally, the main conclusions of the study are presented.
2008
Bridging the Equity Gap for Innovative SMES
9780230205055
Palgrave Macmillan
REGNO UNITO DI GRAN BRETAGNA
An original Equity Requirement Estimation Model / Canovi, Luciana; Venturelli, Valeria. - STAMPA. - (2008), pp. 43-60.
Canovi, Luciana; Venturelli, Valeria
File in questo prodotto:
Non ci sono file associati a questo prodotto.
Pubblicazioni consigliate

Licenza Creative Commons
I metadati presenti in IRIS UNIMORE sono rilasciati con licenza Creative Commons CC0 1.0 Universal, mentre i file delle pubblicazioni sono rilasciati con licenza Attribuzione 4.0 Internazionale (CC BY 4.0), salvo diversa indicazione.
In caso di violazione di copyright, contattare Supporto Iris

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11380/641166
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact