Do female managers perform better? Evidence from Italian manufacturing firms

2020 ◽  
Author(s):  
Concetta Castiglione ◽  
Davide Infante ◽  
Janna Smirnova
Keyword(s):  
Manufacturing Firms ◽  
Female Managers ◽  
Italian Manufacturing Firms

scholarly journals Relationship lending and the use of trade credit: the role of relational capital and private information

2021 ◽  
Author(s):  
Pierluigi Murro ◽  
Valentina Peruzzi
Keyword(s):  
Private Information ◽  
Business Models ◽  
Trade Credit ◽  
Banking Regulation ◽  
Manufacturing Firms ◽  
Soft Information ◽  
Relational Capital ◽  
Relationship Lending ◽  
The Impact ◽  
Italian Manufacturing Firms

AbstractUsing a unique sample of Italian manufacturing firms, we investigate the impact of relationship lending on firms’ use of trade credit. We find that firms maintaining close and long-lasting relationships with their main banks are associated with higher amounts of trade credit extended by suppliers. This result is robust to alternative measures of trade credit and relationship lending, and to different estimation techniques. We also analyze the mechanisms driving the association between relationship lending and the use of trade credit. Regression results suggest that the positive link between accounts payable and relationship lending is especially significant for firms that use to provide soft information to their lenders and for companies with greater relational abilities.Plain English Summary The existence of close and long lasting lending relationships positively affects the amount of trade credit manufacturing firms receive from their suppliers. By relying on the Survey on Italian Manufacturing Firms, we show that the positive link between relationship lending and the use of trade credit is driven by two channels: private information and relational capital. In a policy perspective, our findings reveal a need for banking regulation and supervision to encompass banking business models in evaluating banks. The current approach might not be suitable for local banks investing in soft information acquisition and could weaken SMEs’ chances to receive both bank financing and trade credit from suppliers. Moreover, from a managerial point of view, our results uncover the relevance of firms’ ability to create strong relationships with banks, suppliers, and other companies that may help alleviating financial constraints.

scholarly journals Navigating disruptive crises through service-led growth: The impact of COVID-19 on Italian manufacturing firms

2020 ◽  
Vol 88 ◽  
pp. 225-237 ◽  
Author(s):  
Mario Rapaccini ◽  
Nicola Saccani ◽  
Christian Kowalkowski ◽  
Marco Paiola ◽  
Federico Adrodegari
Keyword(s):  
Manufacturing Firms ◽  
The Impact ◽  
Italian Manufacturing Firms

scholarly journals Growth processes of Italian manufacturing firms

2011 ◽  
Vol 22 (1) ◽  
pp. 54-70 ◽  
Author(s):  
Alex Coad ◽  
Rekha Rao ◽  
Federico Tamagni
Keyword(s):  
Manufacturing Firms ◽  
Growth Processes ◽  
Italian Manufacturing Firms
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