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The vast majority of firms in Europe are micro firms. Still, we know little about their financing patterns. Our paper …
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differing regulatory regimes. In addition, a number of demand side issues, which have been used to suggest that Europe has a … be responsible for the poor performance, and these factors can be summarised by the argument that within Europe, venture …
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We analyse the risk of mafia capture of firms operating in the legal economy. Specifically, we study the relationship between firm performance and mafia infiltration. To overcome possible endogeneity concerns we exploit the abrupt drop in revenues caused by the (unexpected) Covid-19 related...
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