{"id":3621,"date":"2023-01-30T14:48:37","date_gmt":"2023-01-30T13:48:37","guid":{"rendered":"https:\/\/bifelab.com\/?post_type=avada_portfolio&#038;p=3621"},"modified":"2023-01-30T14:48:37","modified_gmt":"2023-01-30T13:48:37","slug":"financial-literacy-value-creation-and-firm-performance-an-investigation-of-italian-small-and-medium-enterprises-7","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-7\/","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>This paper deals with the rationale issue of financing developing countries by deepening the characteristics of Development Impact Bonds (DIBs). The World Economic Forum, in 2018, introduced them as \u201cpioneering and promising financial instruments\u201d. However, to date, their spread is modest because of their structural, contractual and financial features, which make them unattractive to professional investors. Therefore, the paper proposes a new DIB structure, which is more appealing and easy-to-understand for practitioners and is able to mitigate potential agency problems.<\/p>\n<p><strong>Keywords:<\/strong>Development Impact Bonds; Outcome-based contracts; Foreign aid; Agency problems; Public-private partnership; Professional investors.<\/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":[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. 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