The chapter analyzes the funding gap evaluating mini-bonds and companies' networks as two alternative funding instruments to bank debt. Using the data of Italian companies they suggest that mini bonds' issuers present better financial structures compared with networked companies to the detriment of the cost of finanicng on companies' revenues.
New Financing Instruments to Bridge the Funding Gap: The Lesson from Italy
GIARETTA, ELISA;
2016
Abstract
The chapter analyzes the funding gap evaluating mini-bonds and companies' networks as two alternative funding instruments to bank debt. Using the data of Italian companies they suggest that mini bonds' issuers present better financial structures compared with networked companies to the detriment of the cost of finanicng on companies' revenues.
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