1,721,400 research outputs found

    Crespi, F.

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    A. CrespI, F. Stella, G. Zuccala, Commentario breve al Codice penale

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    A. CrespI, F. Stella, G. Zuccala, Commentario breve al Codice penale. In: Revue internationale de droit comparé. Vol. 40 N°3, Juillet-septembre 1988. pp. 663-664

    Unfolding heterogeneity: The different policy drivers of different eco-innovation modes

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    Building on the policy debate about the effectiveness of the public sector in spurring environmental innovation, the present paper investigates whether and to what extent firms pursuing different approaches to environmental innovation differently respond to policy measures (among regulatory, technology-push and demand-pull instruments). Relying on data provided by the 2012 Italian Community Innovation Survey (CIS), the empirical exercise adopts a clustering approach to identify divergent innovation trajectories (EI modes) and a logistic regression model to explore the institutional drivers of distinct EI modes. The results from 1.807 manufacturing firms indicate that the role of public policies in stimulating EI practices changes in sign and magnitude across EI policy tools and modes. This study contributes to literature by providing an enriched and more nuanced view of environmental innovation processes, with important implications for the theorization of distinct classes of policy aimed at fostering the transition towards increased sustainability

    The role of public procurement as innovation lever: evidence from Italian manufacturing firms

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    The study focuses on the impact exerted on private R&D expenditures by regular and innovative public procurement when taken in combination or insolation with supply-push measures. The econometric analysis relies on a pulled sample of 4206 Italian manufacturing firms observed between 2010 and 2014. The empirical exercise confirms previous evidences on the relevance of technology-push instruments in sustaining firms’ innovativeness. On the contrary, the ability of public procurement activities in shaping innovative investments is found to depend on a number of instances related to: (i) the adoption of contemporaneous supply side measures; (ii) the inclusion of innovative demand in procurement contracts. The analysis provides important suggestions with respect to the potential effectiveness of demand-side tools when implemented in weak administrative and innovation systems, as in the Italian case. Moreover, it is shown that the design of the policy mix matters, and its effectiveness improves when demand-side and supply-side instruments are jointly implemented

    Ownership structure, internal financing and investment dynamics

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    In this paper, using a sample of 1035 Italian manufacturing firms observed in the period 1998-2003, we try to disentangle the different potential determinants underlying the observed positive elasticity between investments and internal resources by accounting for both the ownership structure of the companies and the role played by financial intermediaries as both investors and debt-holders. The most interesting result emerging from our analysis is related to the presence of an inverted U relationship between concentration of ownership and the elasticity of investment to cash flow.Moreover, we find that the relationship between investment decisions and internal funds seems to be significantly influenced by monitoring efforts played by institutional investor
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