The on-going asset-quality review process implemented by the European Central Bank may seriously affect the possibility of easing bank credit. This paper examines debt and profitability of firms in the four major countries of the Euro area, using data available in Bach database from 2000 to 2012. Our results reveal that Italian firms are more fragile than their German and French counterparts and small firms suffer the most.
Rigamonti, S., Caprio, L., Profittabilità e indebitamento: il posizionamento delle imprese italiane in Europa, <<BANCARIA>>, 2014; 2014 (Giugno): 16-27 [http://hdl.handle.net/10807/62332]
Profittabilità e indebitamento: il posizionamento delle imprese italiane in Europa
Rigamonti, Silvia;Caprio, Lorenzo
2014
Abstract
The on-going asset-quality review process implemented by the European Central Bank may seriously affect the possibility of easing bank credit. This paper examines debt and profitability of firms in the four major countries of the Euro area, using data available in Bach database from 2000 to 2012. Our results reveal that Italian firms are more fragile than their German and French counterparts and small firms suffer the most.
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