 La crisi finanziaria nei bilanci delle imprese: una nota con i dati Mediobanca [The financial crisis in the italian companies’ financial statements: insights from mediobanca’ data]Franco Varetto ()
CERIS Working Paper from CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY Abstract: The financial crisis had a severe impact on financial statements of Italian manufacturing companies: in 2012 total revenues are still under the level got before 2009, while gross margins (EBITDA) are even below the level of 2007. The decrease of the accounting depreciation rates allowed the companies to contain the fall of net margins (EBIT). The cutback of fixed investments and the slow dynamic of the operating working capital have allowed the companies to limit their external financial needs, whose coverage came mainly from bond issues and net increases of short term financial debts. Length: 33 pages Keywords : Crisi finanziaria, Imprese manifatturiere, Bilanci, Struttura finanziaria, Credit crunch, Redditività, Fabbisogni finanziari JEL-codes: E32 G31 G32 L25 L60 (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:csc:cerisp:201411 Access Statistics for this paper More papers in CERIS Working Paper from CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY Contact information at EDIRC. |
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