Bank foundations, social capital and the growth of Italian provinces

Giorgio Calcagnini, Germana Giombini, Francesco Perugini
2018 Regional studies  
The funding role of Bank Foundations in the Italian economy, especially to the non-profit sector, significantly increased over the last twenty-five years. By means of a novel measure of social capital, our paper evaluates the contribution of Bank Foundations to the economic development of Italian provinces. Our findings suggest that Bank Foundations positively affect social capital and the economic growth of provinces.
doi:10.1080/00343404.2018.1455971 fatcat:e3xntgmq2zajxohkoiq5ol5jji