1,720,972 research outputs found
Do cooperative banks matter for new business creation? Evidence on Italian manufacturing industry
No full textThis work empirically investigates Italian cooperative banks (BCCs) as a driver of new business creation in the Italian provinces over the period 2003–12. The results show that the presence of BCCs positively and significantly affects firms’ entry rates. We also find that the impact of BCCs diffusion on birth rate tends to be stronger for high tech industries during the pre-crisis years, whilst it appears larger for low-tech sectors when considering the post-crisis period. This evidence suggests that BCCs might play a relevant role in financing innovative and risky firms—though, when banks’ risk-aversion increases, BCCs tend, unsurprisingly, to downsize the financing of riskier projects
The importance of being a capable supplier: Italian Industrial Firms in Global Value Chains
No full textLending Relationships and SMEs’ Productivity. Does Social Capital Matter?
No full textThis work investigates to what extent the relevance of close bank-firm ties is affected by the endowment of social capital characterising the environment in which enterprises operate. By estimating the link between the duration of lending relationships and Italian SMEs’ productivity, we empirically test whether there is complementarity or substitutability between credit relations and social capital. According to our results, the duration of lending relationships seems to be a positive and significant determinant of SMEs’ performance in less civic regions. Additionally, the influence of enduring lending relationships decreases as social capital increases, suggesting that social capital might act as a substitute for lending relationships
Partecipazione e posizionamento delle imprese italiane nelle catene globali del valore: nuova evidenza (2009-2014)
No full textL’impresa manifatturiera subfornitrice italiana nella catena del valore globale. Un confronto di produttività (1998-2006)
No full textIl presente lavoro ha per oggetto i rapporti di committenza e subfornitura tra le imprese industriali
italiane nel periodo 1998-2006, un ambito di ricerca poco esplorato, malgrado la partecipazione delle imprese italiane ai processi di frammentazione internazionale della produzione. In particola-re, partendo dall’ipotesi che l’insieme delle imprese subfornitrici sia fortemente eterogeneo, ci proponiamo di stimare l’influenza di alcune caratteristiche “virtuose” dell’impresa subfornitrice, in primo luogo la sua attitudine ad innovare ed esportare, sulla performance di produttività. A tal fine, confrontiamo la produttività totale dei fattori delle imprese subfornitrici “evolute” (che esportano ed innovano), delle imprese subfornitrici “non evolute”(che non esportano e non innovano) e delle imprese che producono per il mercato.
I risultati delle stime suffragano l’ipotesi di eterogeneità delle imprese subfornitrici. Per la quota di esse caratterizzata da scarsa o assente propensione ad innovare ed esportare, i confronti hanno infatti evidenziato in tutti i casi esaminati minore produttività rispetto alle imprese non subfornitrici. In altri casi, invece, quando i comportamenti delle imprese subfornitrici rivelano caratteristiche più evolute (ad esempio quando esse mostrano capacità di innovare e di vendere a committenti esteri almeno una quota del 20% del fatturato), queste imprese sono in grado di conseguire livelli di produttività non inferiori (e in alcuni casi addirittura superiori) ad imprese che producono direttamente per il mercato
Institutional quality and firms' productivity in European regions
No full textWe investigate the relationship between regional institutional quality and firms’ productivity over the 2010-2014 period, by regressing a measure of TFP for European manufacturing SMEs on a region-level index of institutional quality and its components, rule of law and government effectiveness. We find strong evidence that better local institutions help SMEs to become more productive. Besides, the impact of institutions comes out to interplay with some firms’ characteristics such as size, age, hu-man capital and productivity level, as well as the firms’ operating sector. These findings have im-portant implications for the definition of suitable strategies to foster economic growth in EU regions
Institutional quality and firms' productivity in European regions
Full text linkWe investigate the relationship between regional institutional quality and firms’ productivity over the 2010-2014 period, by regressing a measure of TFP for European manufacturing SMEs on a region-level index of institutional quality and its components, rule of law and government effectiveness. We find strong evidence that better local institutions help SMEs to become more productive. Besides, the impact of institutions comes out to interplay with some firms’ characteristics such as size, age, hu-man capital and productivity level, as well as the firms’ operating sector. These findings have im-portant implications for the definition of suitable strategies to foster economic growth in EU regions
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
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