Profitability and leverage: the positioning of Italian firms in the European arena

Lorenzo Caprio and Silvia Rigamonti
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Lorenzo Caprio: Università Cattolica del S. Cuore
Silvia Rigamonti: Università Cattolica del S. Cuore

BANCARIA, 2014, vol. 6, 16-27

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

JEL-codes: G21 G32 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ban:bancar:v:06:y:2014:m:june:p:16-27

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