Costanzo, Damiana Giuseppina; Silipo, Damiano Bruno; … - Dipartimento di Scienze Economiche, Statistiche e … - 2013
The paper studies the impact of firms’ over-indebtedness on innovation. First, we build up an over-indebtedness index which takes account of the firm’s level and structure of the debt as well as of its sustainability. Secondly, we investigate to what extent over-indebtedness explains...