Analysis of the financial instrument of the minibond adopted by SMEs to face the banks bankruptcy in the Italian region of Veneto

Abstract

The bankruptcy of two banks in the Veneto region has had serious consequences for the population, in terms of loss of wealth and slowing down of the regional economy also concerning productive activities and bank-business relations of small and medium enterprises in the region. The already known dependence on bank credit has led companies throughout Italy to move towards a new instrument for the collection of financing complementary to the traditional bank. This study seeks to highlight whether there is a relationship between the increase in the number of companies located in Veneto that issue this new instrument and the failure of the two historical credit institutions in the region.