Italian Abstract: La commistione tra indefiniti obblighi di servizio pubblico e obiettivi commerciali in capo ad un’unica emittente da un lato riduce gli stimoli all’efficienza di gestione, aumentando i costi di produzione del servizio pubblico, e dall’altro, ingessando l’assetto del...

Il saggio si propone di studiare la struttura organizzativa, cioè l’integrazione tra imprese sviluppata dalla cooperazione sociale in Italia nel corso dei suoi trent’anni di storia. Accanto a una rappresentanza politico-sindacale il movimento della cooperazione sociale ha sentito il bisogno...

This paper presents a survey of the literature on the determinants of inter-firm credit and on its implications for the transmission mechanism of monetary policy. Theoretical explanations for trade credit can be divided in two categories: a) theories based on real functions performed by trade...

The paper discusses the evolutionary path of the European postal industry turned from a inefficient state-owned monopoly into highly competitive market, in sight of the envisaged market liberalization by the year 2011. National operators adopt different strategies toward the increasing...

In this paper we examine trade credit terms in Italy on the basis of two original surveys carried out by the Bank of Italy. The surveys show that 80-90 per cents of sales are paid on a deferred payment basis of 90 days on average and a delay of 11 days. 83 per cent of trade credit is extended on...

In this paper we examine the main aspects of Italian factoring market and its evolution during last two decades. Moreover, we analyze the characteristics of firms accessing this kind of financing. In Italy factoring market size is the third in the world in absolute terms (amount of turnover),...

Trade credit arises from delayed payments between firms. It is not easy to identify its determinants since they are connected to organisational,technical, commercial and financial factors.In this paper we empirically examine the determinants of the usage of trade credit by Italian industrial...