Corporate Finance… What Else? The Case of the Productive Chain Networks in North-East Italy and the Scaffolding Finance Adopted by Their Leader

Mattia Mestroni (), Elisabetta Basilico () and Guido Max Mantovani ()
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Mattia Mestroni: Ca’ Foscari University of Venice
Elisabetta Basilico: Ca’ Foscari University of Venice
Guido Max Mantovani: HERMES-Universities

A chapter in Mathematical and Statistical Methods for Actuarial Sciences and Finance, 2014, pp 141-144 from Springer

Abstract: Abstract The Italian North-East district is a clear evidence of the presence of productive chain networks, in which firms tend to specialize in specific risk management. This generates new approaches in the theory of the firm. We investigate which are the implications for the financial activities of the clusters. The paper presents a methodology to identify firms according to their network role: LF, SF and standing alone firms (SA). Accordingly, empirical evidence about the capital raising activity of LF, SF and SA is reported, deploying the necessity of a new approach in finance, where “corporation” is no more the focus.

Keywords: Networks; Firm boundaries; Corporate finance; Working capital (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-05014-0_33

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DOI: 10.1007/978-3-319-05014-0_33

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