Alternative Finance of Bank Credit: a Way for the Growth
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This study investigates the territorial implementation of alternative financial
channels of bank credit, especially important to contribute to the growth of the
company size. Firstly, a short excursus on their current implementation in the regions
of the South and Central-North of Italy is reviewed: stock exchange quotation,
minibonds, crowdfunding with a particular focus on main private equity
and venture capital funds, the most popular finance tools worldwide to finance
the birth and development of companies. The proposed disaggregation by region
and aid forms of data from the Agency for Territorial Cohesion on the implementation
of financial tools by 31 December 2018 enables to check the presence of
innovative finance tools, also with reference to the Structural Funds. With respect
to this field, some best practices implemented, centrally, from the Ministry of University
and Research, and regionally, from two Regions of the Southern Italy, i.e.
Apulia and Campania, are outlined. Finally, some remarks on the lines of policy
that could strengthen the use of finance tools especially in the South, are made.