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Consob and Università Cattolica : SME Observatory - Capital Market is born.

31.10.2024
Press releases

To analyze the conditions of access to the capital market of Italian small and medium-sized enterprises (SMEs) and verify their permanence requirements, providing a wide scientific production based on data, analysis and insights useful both to guide SMEs' strategic decisions and to support them in their competitive choices.

This is the main objective of the new SME - Capital Market Observatory, an initiative born from the close collaboration between Consob and Cetif, the Research Center in Technology, Innovation and Financial Services ofUniversità Cattolica del Sacro Cuore .

The initiative will be officially presented on Monday, Nov. 4, at a meeting titled "Can Italian SMEs compete without the capital market?" to be held in Milan from 2 p.m. to 4:30 p.m. in the Pio XI lecture hall atUniversità Cattolica del Sacro Cuore . The event will open with greetings from Elena Beccalli, rector ofUniversità Cattolica del Sacro Cuore , and Luca Filippa, Consob director general. After an introduction by Chiara Frigerio, professor of Business Organization and secretary general Cetif, Federico Rajola, professor of Business Organization and director Cetif, and Paola Deriu, Consob's Division of Studies and Regulation, will explain the purpose of the SME - Capital Market Observatory.

This will be followed by speeches by Stefania Trenti, Intesa SanPaolo Study and Research Center, who will analyze "Districts and Supply Chains of Italian SMEs," and Luigi Giannotta, Integrae SIM, who will focus on the "Challenges of Listed Small and Mid Caps."

A panel discussion, moderated by corporate finance professor Andrea Signori, will conclude the presentation with speakers Chiara Calibeo, CDP, Luca Ferrais, MEF, Paolo Gerardini, Assolombarda, and Barbara Lunghi, Borsa Italiana. Specifically, the SME - Capital Market Observatory aims to investigate the factors that incentivize SMEs to embark on paths of competitive growth, innovation and financial development through bond and/or equity issues and investments in digital, environmental and social transition. At the same time, it wants to analyze the contextual (regulatory, technological and social) and structural (governance and business models) elements that support and/or hinder the use of capital by SMEs.

Through its activities, the Observatory aims, on the one hand, to promote financial, sustainability and digital culture in Italian small and medium-sized enterprises and, on the other hand, to offer concrete support to policy makers in understanding the ongoing evolutions in the Italian industrial economy.