Bank of Italy: debt-saddled Italian firms struggle to compete in Europe
A paper published by the Bank of Italy in April analyses the main differences in the financial structure of Italian and European non-financial corporations, and finds that Italian firms are less competitive than their European counterparts due to a larger burden of debt and smaller operating income.
The research studies individual balance sheets held in Amadeus (Analyse Major Databases from European Sources) between 2004 and 2007.
Results show that Italian non-financial corporations present many
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