The performance of Italian public funds for Smes: a comparative analysis

Salvatore Sacco and Giuseppe Sapienza
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Salvatore Sacco: Università Parthenope, Napoli
Giuseppe Sapienza: UniCredit

BANCARIA, 2011, vol. 03, 54-61

Abstract: The National Fund for Innovation is a public policy instrument that is showing a significant capacity in supporting Italian Smes. It is also functional to stimulate the activation of virtuous circles in local economies, but with different effects in the various geographical areas. In particular, the use of Nfi by Southern enterprises may be hampered by the opacity of administrative and accounting procedures and by a lower tendency to innovation

Keywords: Fondo nazionale innovazione; Fondo centrale di garanzia; Pmi (search for similar items in EconPapers)
JEL-codes: G32 G38 H81 (search for similar items in EconPapers)
Date: 2011
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