We demonstrate that the capital structures of small business is mainly driven by asset-backed concept, particularly by the most liquid part of them, i.e. the operating working capital. Return-to-risk analysis is very less relevant because of its misrepresentation in standard financial reporting...

The determinants of the value of entrepreneurial competences in an incomplete financial market contexts where the Entrepreneur's behaviour matters are examined. The study reveals that time is the economic link between marginal productivities of the capital assets and that of the human...

We investigate and find out the inner differences between stand-alone firms and those participating to Productive Chain Networks (PCNs) as far as ownership and corporate governance characteristics are concerned. PCNs are typical Italian economic realities made of small and medium enterprises...