Investigators at University of Roma Tre Report Findings in CDC and FDA (Exploring the Link Between Financial Literacy and Business Interruption Insurance: Evidence From Italian Micro-enterprises): CDC and FDA

CDC & FDA Daily

2024 MAR 29 (NewsRx) -- By a News Reporter-Staff News Editor at CDC & FDA Daily -- New research on CDC and FDA is the subject of a report. According to news originating from Rome, Italy, by NewsRx correspondents, research stated, “This article examines the relationship between financial literacy and business interruption (BI) insurance among Italian entrepreneurs.”

Financial support for this research came from Universit degli Studi Roma Tre.

Our news journalists obtained a quote from the research from the University of Roma Tre, “Following an increase in unexpected shocks, such as COVID-19 and geopolitical conflicts, a high level of BI risk is expected to persist, especially among small firms, which play a key role in the Italian economy. Using a Bank of Italy 2021 survey of 1998 non-financial firms with fewer than 10 employees, we show a significant positive association between the level of the entrepreneur’s financial literacy and the purchase of BI insurance.”

According to the news editors, the research concluded: “Our results highlight the key role of financial literacy in shaping risk management strategies and are robust to different model specifications, also addressing endogeneity concerns.”

This research has been peer-reviewed.

For more information on this research see: Exploring the Link Between Financial Literacy and Business Interruption Insurance: Evidence From Italian Micro-enterprises. The Geneva Papers on Risk and Insurance Issues and Practice, 2024. The Geneva Papers on Risk and Insurance Issues and Practice can be contacted at: Palgrave Macmillan Ltd, Brunel Rd Bldg, Houndmills, Basingstoke RG21 6XS, Hants, England.

The news correspondents report that additional information may be obtained from Ornella Ricci, University of Roma Tre, Dept. of Business Studies, Via S Amico 77, I-00145 Rome, Italy.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1057/s41288-024-00312-5. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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