An evaluation of the policies on repayment of government's trade debt in Italy
L D'Aurizio, D Depalo - Italian Economic Journal, 2016 - Springer
L D'Aurizio, D Depalo
Italian Economic Journal, 2016•SpringerAbstract Since 2012 the Italian Government made several steps to repay its commercial
debts. By using a composite dataset, we evaluate the effect of these policies on the financial
performances of a representative sample of Italian firms. We distinguish between firms
beneficiaries of these repayments, those that were not repaid, although they had a legitimate
right, and those that did not have commercial relations with the General Government. We
find that receiving money had a significant positive impact on firms' financial position.
debts. By using a composite dataset, we evaluate the effect of these policies on the financial
performances of a representative sample of Italian firms. We distinguish between firms
beneficiaries of these repayments, those that were not repaid, although they had a legitimate
right, and those that did not have commercial relations with the General Government. We
find that receiving money had a significant positive impact on firms' financial position.
Abstract
Since 2012 the Italian Government made several steps to repay its commercial debts. By using a composite dataset, we evaluate the effect of these policies on the financial performances of a representative sample of Italian firms. We distinguish between firms beneficiaries of these repayments, those that were not repaid, although they had a legitimate right, and those that did not have commercial relations with the General Government. We find that receiving money had a significant positive impact on firms’ financial position.
Springer
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