Issued by Academy Avignon of Crafts and SMEs in Europe
OBSERVATORY ON EUROPEANRESEARCH FOR CRAFTS AND SMEs
The Observatory on the European Research for Crafts and SMEs
was set up by the Academy Avignon of Crafts andSMEs in Europe, based in Brussels. Its mission is to monitor the results of research on Craft and SMEs carried out in Europe by several bodies e.g. research centres, universities, the EC agencies. The Observatory diffuses the results to Craftsand SME organizations and the other relevant stakeholders.
MAIN CONTENTS IN THIS ISSUE
SMES AND THE CHALLENGE TO GO PUBLIC: EVIDENCE FROM A RECENTSURVEY
Italian SMEs go public much less than SMEs located in other European countries, eventhough their relevance for the national economy is relatively higher in terms of employment and value added. Why do Italian SMEs so scarcely rely on equity as anexternal source of finance, despite the option of getting listed on SME-dedicated stock market segments? In this paper the authors address this question by analyzing theresponses to a questionnaire that they submitted to a sample of listed firms andinstitutional investors. The authors also suggest policy interventions to provide ItalianSMEs with the appropriate incentives for listing.
1- SMEs and the challenge to go public: evidence from a recent survey;
Marianna Caccavaio, Jacopo Carmassi, Giorgio Di Giorgio,Marco Spallone.
The Impact of International Research Joint Ventures on SMEs Performance;
Barajas, A., Huergo , E., Moreno, L.
Do local financial and legal systems affect SMEs capital structure?
Mariarosaria Agostino , Maurizio La Rocca ,Tiziana La Rocca ,Francesco Trivieri.