Capital Markets Scoreboard: the importance of listed companies to foster growth and economic development

Online the new scoreboard dedicated to capital markets

EQUITA, the leading independent investment bank in Italy, and Bocconi University announce the publication of a new Capital Markets Scoreboard.

The scoreboard – edited by EQUITALAB, the laboratory focusing on applied research and policy impact that combines the multi-disciplinary knowledge and research expertise of BAFFI CAREFIN – Centre for Applied Research with the field-experience on capital and financial markets of EQUITA – not only advances public discussion but also highlights both the strengths and weaknesses of Italy’s economic policies.

2022 was a tumultuous year around the globe, largely due to geopolitical tensions, a new inflationary scenario, and the quantitative tightening of central banks worldwide. The changed macroeconomic scenario offers a unique opportunity to reimagine and rebuild the capital market infrastructure, securing a foothold for Italy and the EU on the path toward a full post-pandemic recovery. The MEF Green Book, the proposed EU Listing Act, and the National Recovery and Resilience Plan (NRRP) could trigger the relaunch of capital market circuits in Italy. To this end, developing an ongoing scoreboard and publishing an annual report with relevant analysis have become critical tools.

The scoreboard analyses the contribution to GDP and taxes of publicly traded companies, as well as the contribution to employment and diversity. Scoreboard also investigates the investments from abroad, M&A transactions, exports and innovation. All the analyses compare economic and financial figures of Italy, France and Germany and highlight the gaps between Italy and the other two European countries.

As a result, the scoreboard highlights the importance of large, listed companies for the growth and development of a country. Larger companies have a significant overall impact on the economy, as they can create widespread employment, and implement a serious ESG policy, specifically pursuing rigorous environmental initiatives that require substantial financial resources. Larger companies can make investments in innovation and R&D, pushing their competitive advantage, becoming centres of gravity of induced investments’ flow and of supply chains, and attracting the best talents. Large companies can develop a diversified portfolio that protects them against risks and gives rise to opportunities they can seize. Finally, large companies are a tool of economic diplomacy, supporting the country’s foreign policy and making it more visible.

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