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Today’s academic institutions are strongly involved in the modern globalization process. The aim of the paper is to investigate if small-sized universities face particular challenges and if they obtain some advantages or are adversely affected by the ongoing process. The focus is on Europe and, specifically, on Italy, one of the signatory countries of the Bologna Declaration, that has implemented the European international reform process. Based on official data from the Italian Ministry of University and Research, first we analyse university characteristics and then we calculate performance selected indicators that are informative of a few key aspects, such as teaching quality and internationalisation and look at student satisfaction. Results show that teaching quality in small-sized public universities is similar to that in big-sized public ones whereas small-sized private universities perform better than big-sized private ones. Attractiveness for students abroad is greater for smaller and more specialized universities, and this is especially evident for private universities. Satisfaction as well is higher for students studying in small-sized universities. However, doubts exist for the future due to the possible negative effects of the very complex and strict administrative procedures of the current organization and evaluation system. Keywords: universities, small-sized, teaching, performance, Europe, Italy

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