{"id":3615,"date":"2023-01-27T17:08:46","date_gmt":"2023-01-27T16:08:46","guid":{"rendered":"https:\/\/bifelab.com\/?post_type=avada_portfolio&#038;p=3615"},"modified":"2023-01-27T17:08:46","modified_gmt":"2023-01-27T16:08:46","slug":"financial-literacy-value-creation-and-firm-performance-an-investigation-of-italian-small-and-medium-enterprises-3","status":"publish","type":"avada_portfolio","link":"https:\/\/bifelab.com\/en\/area-di-ricerca\/financial-literacy-value-creation-and-firm-performance-an-investigation-of-italian-small-and-medium-enterprises-3\/","title":{"rendered":"Financial literacy, value creation and firm performance. An investigation of Italian small and medium enterprises"},"content":{"rendered":"<p><strong>Abstract.\u00a0<\/strong><\/p>\n<p>The paper aims to jointly combine three different categories of variables (financial ratios, corporate governance data and bank-firm information) to predict SMEs\u2019 default. To this end, a merged longitudinal predictive model was applied to a sample of 973 Italian SMEs that are clients of 36 different co-operative banks. The collected data (for a total of 23 variables included in the model) relate to the years 2012\u20132014. The main findings reveal the high predictive power of leverage ratio, CEO tenure and ownership concentration, and the number of loans overdue for more than 180 days in the previous 12 months.<\/p>\n<p><strong>Keywords: <\/strong>Default risk; Financial distress; Small and medium-sized enterprises; Bayesian methodology.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cite: Quintiliani A., Modina M., Arnone M. (forthcoming) \u201cFinancial literacy, value creation and firm performance. An investigation of Italian small and medium enterprises\u201d, International Journal of Entrepreneurship and Small Business, doi: 10.1504\/IJESB.2022.10034839.<\/p>\n","protected":false},"author":8,"featured_media":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"portfolio_category":[101,105,100],"portfolio_skills":[],"portfolio_tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Financial literacy, value creation and firm performance. An investigation of Italian small and medium enterprises - BifeLab<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bifelab.com\/en\/area-di-ricerca\/financial-literacy-value-creation-and-firm-performance-an-investigation-of-italian-small-and-medium-enterprises-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial literacy, value creation and firm performance. An investigation of Italian small and medium enterprises - BifeLab\" \/>\n<meta property=\"og:description\" content=\"Cite: Quintiliani A., Modina M., Arnone M. (forthcoming) \u201cFinancial literacy, value creation and firm performance. 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