This paper investigates the relation between corporate financing through private equity and the effects on backed firms’ performance. In particular, using a dataset of Italian small and medium enterprises (SMEs), the study explores the distributions of private equity operations within the Italian SMEs in 2003. Specifically, the paper analyses the impact of private equity on the backed firms’ performance, with reference to the most involved industry by the institutional investors. The results confirm the positive association between private equity financing and firms performance, and report significant differences between the performance of backed firms and of a benchmark of non-backed ones.
OPERAZIONI DI PRIVATE EQUITY E PERFORMANCE ECONOMICO-FINANZIARIE DELLE PMI ITALIANE Evidenze dal settore meccanico / R. Silvi; E. Cantoni; C. Mucci. - In: FINANZA MARKETING E PRODUZIONE. - ISSN 1593-2230. - STAMPA. - 3:(2010), pp. 62-88.
OPERAZIONI DI PRIVATE EQUITY E PERFORMANCE ECONOMICO-FINANZIARIE DELLE PMI ITALIANE Evidenze dal settore meccanico
SILVI, RICCARDO;
2010
Abstract
This paper investigates the relation between corporate financing through private equity and the effects on backed firms’ performance. In particular, using a dataset of Italian small and medium enterprises (SMEs), the study explores the distributions of private equity operations within the Italian SMEs in 2003. Specifically, the paper analyses the impact of private equity on the backed firms’ performance, with reference to the most involved industry by the institutional investors. The results confirm the positive association between private equity financing and firms performance, and report significant differences between the performance of backed firms and of a benchmark of non-backed ones.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
