Il ruolo delle garanzie creditizie in Italia: l’evidenza proveniente dall’indagine sui Confidi UniCredit-CASMEF LUISS Guido Carli (The Role of Guarantee Institutions in Italy: Evidence from the Unicredit - CASMEF Survey on Mutual Guarantee Institutions)

Rivista Bancaria, Forthcoming

16 Pages Posted: 12 Mar 2016

See all articles by Giovanni Ferri

Giovanni Ferri

LUMSA University

Pierluigi Murro

LUISS Guido Carli University - Department of Business and Management

Zeno Rotondi

UNICREDIT; LUISS Guido Carli University

Date Written: August 1, 2015

Abstract

Italian Abstract: I Confidi hanno svolto un ruolo molto importante nel sostenere il sistema produttivo italiano in sinergia col sistema bancario, durante la prima fase della recente crisi finanziaria. Negli ultimi anni però il sistema Confidi sta mostrando le proprie debolezze. Questo articolo, utilizzando una dettagliata indagine sui Confidi italiani, cerca di mettere in evidenza i principali punti di forza e di debolezza del sistema in generale. L’analisi suggerisce che per rilanciare il proprio ruolo i Confidi dovranno essere in grado di ristrutturarsi (per esempio crescendo in termini di patrimonio e dimensioni) senza però perdere il loro rapporto privilegiato con le Pmi che li rende un interlocutore privilegiato del sistema bancario.

English Abstract: The Mutual Guarantee Institutions (MGIs) together with the banking system have played a special role in supporting the Italian SMEs during the first part of the last financial crisis. However, in the last years, MGIs are showing its weakness. This paper, using a very detailed survey on Italian MGIs, underline the main strengthens and weakness of MGI system. The study suggests that to revive its role MGIs should be able to restructure itself (for example, growing in terms of assets and size) without losing their relationship with SMEs which makes them a privileged partner of the banking system.

Note: Downloadable document available in Italian.

Keywords: Bank-firm relationships; Credit guarantee schemes; Small business finance

JEL Classification: G21, G30, O16

Suggested Citation

Ferri, Giovanni and Murro, Pierluigi and Rotondi, Zeno, Il ruolo delle garanzie creditizie in Italia: l’evidenza proveniente dall’indagine sui Confidi UniCredit-CASMEF LUISS Guido Carli (The Role of Guarantee Institutions in Italy: Evidence from the Unicredit - CASMEF Survey on Mutual Guarantee Institutions) (August 1, 2015). Rivista Bancaria, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2745150

Giovanni Ferri

LUMSA University ( email )

Via della Traspontina
Roma, Rome 00192
Italy

HOME PAGE: http://www.lumsa.it/giovanni-ferri

Pierluigi Murro (Contact Author)

LUISS Guido Carli University - Department of Business and Management ( email )

Via Salvini, 3
Rome, 00198
Italy

Zeno Rotondi

UNICREDIT ( email )

VIA SPECCHI 16
ROME, 00186
Italy

HOME PAGE: http://docenti.luiss.it/rotondi

LUISS Guido Carli University ( email )

Via O. Tommasini 1
Rome, Roma 00100
Italy

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