The impact on the Italian firms of the fourth industrial revolution and the strategic role of banks

Angela Bottaccini (), Attilio Zenobi () and Zeno Rotondi ()
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Angela Bottaccini: UniCredit, Italy and Germany Institutional - Regulatory Affairs, Roma e Bologna
Attilio Zenobi: UniCredit, Italy and Germany Institutional - Regulatory Affairs, Roma e Bologna
Zeno Rotondi: UniCredit, Italy and Germany Institutional - Regulatory Affairs, Roma e Bologna

Argomenti, 2016, vol. 4, issue 4, 1-16

Abstract: This paper summarizes the main challenges that the transition to the fourth industrial revolution involves. Almost all Italian companies are still unprepared to face the new challenge and are likely to start with a severe handicap compared to foreign competitors. The banks, that are the main source of financing for Italian firms, have to play an important role in this historic transition. However, the European comparison shows that the financing of Italian corporate companies absorbs more bank capital than corporate companies of other European countries, like Germany. Then it is important to strengthen the government guarantee schemes, facilitating the access to them also for firms from 250 to 500 employees

Keywords: Fourth Industrial Revolution; Industrial Policy; Government Guarantees; Bank-Firm Relationship. (search for similar items in EconPapers)
JEL-codes: G21 L52 O33 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:urb:journl:v:4:y:2016:p:1-16

DOI: 10.14276/1971-8357.516

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