Companies without equity: considerations from italian recent experiences

To overcome the economic crisis and boost employment for young people, Italy has disclosed a new type of limited company, characterized by facilities administrative provisions and especially from a paltry initial capital (only 1 euro). The paper describes this innovative legislation, emphasizing the goals and above all the risk of funding activities undocumented economic risk capital. After about four years after the introduction of these companies set up by young entrepreneurs, we evaluate the results, considering the number of companies and sectors where they operate. Statistical quantitative analysis has solicited many reflections on functions of equity and the effective possibility that productive activities free from internal sources made by shareholders can still be economically and financially stable, which is a necessary condition for their durability.