@article {RePEc:mul:j0hje1:doi:10.1430/107739:y:2023:i:1:p:129-152,
	title = {How Does the Localization of Innovative Start-ups Near the Universities Influence Their Performance?},
	journal = {L{\textquoteright}industria},
	number = {1},
	year = {2023},
	pages = {129-152},
	abstract = {According to the knowledge spillover theory of entrepreneurship (kste), knowledge spillover tends to occur only within limited geographic areas, embedding economic activity based on this knowledge within the local context. The choice of localization of innovative start-ups near the public research centre (pri) as university from which the knowledge spillover comes could have an impact on their performance. The paper has the aim to demonstrate if the innovative start-ups that are localized near the pri show better performance in terms of profitability and sales. In the empirical analysis, we consider Italian start-ups born within 2012-2015 and their performance during the period 2012-2019 and we measure the road spatial distance (in kilometres) from start-up to the nearest research centres in the province of start-up. Specifically, firm performance is measured as roa (a measure of profit performance). Moreover, we include threshold values of sales to see the different impact of distance on different levels of sales in order to take into account the heterogeneity of this variable. Our results show as the distance is negative and significant for high level of sales and has an effect on the profitability of start-ups. Implications for researchers and policy makers were discussed, and areas for future research outlined.},
	keywords = {Innovative Start-up, Italy, Knowledge Spillover, Knowledge-based Entrepreneurship, Universities},
	url = {https://EconPapers.repec.org/RePEc:mul:j0hje1:doi:10.1430/107739:y:2023:i:1:p:129-152},
	author = {Micozzi, Alessandra and Giannini, Valentina}
}
@inbook {Giannini2023,
	title = {The Role of Internal Capital Market in Business Groups},
	booktitle = {The Palgrave Handbook of Managing Family Business Groups},
	year = {2023},
	pages = {49{\textendash}64},
	publisher = {Springer International Publishing},
	organization = {Springer International Publishing},
	address = {Cham},
	abstract = {The aim of this chapter is to discuss the role played by the internal capital market in business groups, the results so far achieved by the literature and to open new lines of research on how these internal flows influence the relations between companies belonging to the same group and in particular the relation between the head and its subsidiaries. The internal capital market may play a dual role. The first is that the presence of internal capital flows within a group can make it easier for companies to survive an external shock, such as an economic-financial crisis. The second is that the internal capital market facilitates the allocation of resources to investment projects, in particular innovative projects, for which it could be difficult to raise external funds. Most of this literature is focused mainly on large groups, undervaluing the relevance and the implications of small and medium-sized business groups.},
	isbn = {978-3-031-13206-3},
	doi = {10.1007/978-3-031-13206-3_3},
	url = {https://doi.org/10.1007/978-3-031-13206-3_3},
	author = {Giannini, Valentina and Iacobucci, Donato},
	editor = {Rautiainen, Marita and Parada, Maria Jos{\'e} and Pihkala, Timo and Akhter, Naveed and Discua Cruz, Allan and Mukherjee, Kajari}
}
