The reality of confidi: delinquency rate and political decisions

This study is focused on the Italian confidi, that - during the last years – highlight an important reduction in the total number. The main aim of the research is to look for an explication of the phenomenon. To determine the responsible factors the study realizes both a quantitative and a qualitative analysis. The first one is on a large representative panel with a regression model, that shows that the difficulties in credit collections essentially depend to the economic crisis and to the bad management of the organizations. The second one depends on decision-making policies. The last interventions put a stop to the growth of confidi, forcing those that are not operational or do not comply with regulatory requirements to close.