Title: The role of soft loans in the growth of innovative companies: focusing on emerging issues

Authors: Marco Lacchini; Simone Manfredi; Fabio Nappo; Matteo Palmaccio

Addresses: Department of Economics and Law, University of Cassino and Southern Lazio, Via S.Angelo (Loc. Folcara), Cassino 03043 (FR), Italy ' Department of Economics and Law, University of Cassino and Southern Lazio, Via S.Angelo (Loc. Folcara), Cassino 03043 (FR), Italy ' Department of Economics and Law, University of Cassino and Southern Lazio, Via S.Angelo (Loc. Folcara), Cassino 03043 (FR), Italy ' Department of Economics and Law, University of Cassino and Southern Lazio, Via S.Angelo (Loc. Folcara), Cassino 03043 (FR), Italy

Abstract: In this paper we analyse the role of soft loans in supporting the innovation processes by innovative companies operating in the province of Frosinone (central Italy). The analysis carried out in this paper is based on two dimensions: the first refers to companies' performances during the period 2010 to 2014; the second includes a questionnaire aimed at generating the company profile of each company participating in the investigation. The main findings of the research concern the preference of the companies for financial sources coming from investments funds and their scarce interest for the soft loans instruments, mainly due to the bureaucratic difficulties and the lack of an effective network between the public institutions of the area enrolled to support the innovation and the entrepreneurial development.

Keywords: soft loans; innovative companies; financial statement; financial performance; local development; local growth.

DOI: 10.1504/IJDCET.2017.086395

International Journal of Digital Culture and Electronic Tourism, 2017 Vol.2 No.2, pp.139 - 154

Received: 07 Feb 2017
Accepted: 27 Mar 2017
Published online: 04 Sep 2017 *

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