Regional Quality and Impaired Firms: Evidence from Italy

Angela De Martiis and Jarko Fidrmuc

VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking from Verein für Socialpolitik / German Economic Association

Abstract: We analyze how regional quality affects firm’s efficiency by identifying the impaired firms receiving financial assistance as those paying an implicit interest rate lower than the prime rate. Then, we decompose them into: real impaired firms unable to repay their loans, and those not repaying their debts even if financially they could. The regions with a high share of loans and crime exhibit a higher concentration of distressed firms, and crime increases the performance of existing companies.

JEL-codes: E51 G33 O43 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-bec, nep-cfn, nep-cta, nep-mac, nep-sbm and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc17:168234

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