{"title":"Changes in SMEs financing: risks and opportunities for agro-food companies","authors":"Giorgio Stefano Bertinetti","doi":"10.3280/ecag2023oa14916","DOIUrl":null,"url":null,"abstract":"The financial and real crisis started in 2007-2008 has deeply transformed the way the Italian financial and capital market act. Italian SMEs need to be aware of the transformation not to be pushed out of the market itself and to take profit of the new relevant opportunities coming out thanks to the emerging new products and new intermediaries.The paper focuses the disappear of banks relationship lending and provides evidence about how to approach the market in the emerging \"competing for capital\" prevailing rule.It also stresses the relevance of ESG topics as emerging risk factor companies must look at when asking for new finance because of the Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability related disclosures in the financial services (SFDR).","PeriodicalId":37333,"journal":{"name":"Economia Agro-Alimentare","volume":"34 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economia Agro-Alimentare","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.3280/ecag2023oa14916","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"Social Sciences","Score":null,"Total":0}
引用次数: 0
Abstract
The financial and real crisis started in 2007-2008 has deeply transformed the way the Italian financial and capital market act. Italian SMEs need to be aware of the transformation not to be pushed out of the market itself and to take profit of the new relevant opportunities coming out thanks to the emerging new products and new intermediaries.The paper focuses the disappear of banks relationship lending and provides evidence about how to approach the market in the emerging "competing for capital" prevailing rule.It also stresses the relevance of ESG topics as emerging risk factor companies must look at when asking for new finance because of the Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability related disclosures in the financial services (SFDR).
期刊介绍:
Economia agro-alimentare/Food Economy is a triannual peer-reviewed scientific journal published by Franco Angeli Edizioni on behalf of the Italian Society of Agri-food Economics (SIEA), founded in 1996 by the then President of SIEA Fausto Cantarelli. It offers an international forum for the discussion and analysis of mono and interdisciplinary socio-economic, political, legal and technical issues, related to agricultural and food systems. It welcomes submissions of original papers focusing on agriculture, food, natural resources, safety, nutrition and health, including all processes and infrastructure involved in providing food to populations; as well as the processes, inputs and outputs involved in consumption and disposal of food and food-related items. Analyses also include social, political, economic and environmental contexts and human resource challenges. Submissions should be addressed to an international audience of researchers, practitioners, and policy makers, and they may consider local, national, or global scales.