INTERDEPENDENCE BETWEEN ENTERPRISES AND INVESTORS IN THE ITALIAN ECONOMIC SYSTEM

Abstract

They are 148.531 the small and medium enterprises that creates the network at the base of the Italian economic system, able to generate an added value of 212 billion and accounting, therefore, for the 12,6% of the Pil (Rapporto Cerved Pmi 2018 8). These SMEs largely contribute to the peculiarity of the economic and social environment of the country, affecting the investment dynamics and, in turns, the major sources of finance and founding. Starting from a strong dependence on debt, the Italian enterprises are moving toward alternative financing schemes, experiencing from 2012 a consistent positive trend in the major economic indicators, with an overall cash flow above the pre-crisis performance. However, in this expanding dynamic context a large number of enterprises has a potential for growth that is still untapped, mainly due to the limited capital available. It becomes crucial, therefore, to have a deep understanding of the needs and potentials that characterize both the enterprises and the investors and, at the same time, of the connections between the two, that are deeply interdependent, in order to exploit their full potential.