Bank–firms topology in Italy

G. De Masi () and Mauro Gallegati

Empirical Economics, 2012, vol. 43, issue 2, 866 pages

Abstract: An empirical analysis of the Italian system of banks and firms is carried out using the network theory. The emerging architecture of this economic network shows peculiar behaviors: (i) Multiple lending is very widespread; (ii) Small firms are preferentially financed by small banks; (iii) Large firms are financed by many banks; (iv) the ratio between loans and deposits is much higher for large banks than for small banks, while (v) strong size heterogeneity appears among co-financing banks, and (vi) the spanning-tree is very hierarchical. Copyright Springer-Verlag 2012

Keywords: Bank–firm credit; Financing policy; Financial risk and risk management; Capital and ownership structure; Italian credit market (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1007/s00181-011-0512-x

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