Starting from the assumption that the massive resort to leverage isn’t suitable to support the growth of enterprises, the present study analyzes the different aspects of the relationship between the equity requirement and the possibilities offered in terms of financing at full risk small and medium businesses, from the development of the stock markets. Considering all this, after examining the literature on the choices of financing and having observed the financial behaviour of Italian SME, this work focuses its attention on the operating terms of the alternative investment markets and MAC in particularly, as Italian market segment specialized in listing small sized companies. This analysis therefore follows the conclusion that, in the future, MAC can play a propulsive role in the Italian production system, above all for the benefit to Italian private equity. For different investors in the equity, in effect, the new market can be both an excellent display window in which individuate possible businesses and solution for an efficient way out of their investments.
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