@article {579, title = {Agglomeration, networking and the Great Recession}, journal = {Regional Studies}, volume = {53}, year = {2019}, pages = {951-962}, publisher = {Routledge}, abstract = {

This paper analyzes how and to what extent firms{\textquoteright} external relations, such as belonging to a local cluster or a business group, affect the probability of firm survival and economic performance after the 2008 Great Recession. Using a large data set of Italian manufacturing companies for the period 2005{\textendash}12, it was found that belonging to a business group or a local cluster mitigates the selection effect determined by the real and financial shocks, while in the case of firms not belonging to groups, only the more efficient units survive. This means that firms belonging to a group or local cluster are expected to show a lower likelihood of failure and also lower performance compared with stand-alone firms. {\textcopyright} 2018, {\textcopyright} 2018 Regional Studies Association.

}, keywords = {agglomeration, business, data set, economic analysis, financial crisis, Italy, manufacturing, networking, probability}, issn = {00343404}, doi = {10.1080/00343404.2018.1511892}, url = {https://www.scopus.com/inward/record.uri?eid=2-s2.0-85053309295\&doi=10.1080\%2f00343404.2018.1511892\&partnerID=40\&md5=614bc6c55f4bf2ab7f9e3f8384b4eef6}, author = {Cainelli, G. and Giannini, V. and Iacobucci, D.} } @article {581, title = {Small firms and bank financing in bad times}, journal = {Small Business Economics}, year = {2019}, publisher = {Springer New York LLC}, abstract = {

This paper aims to analyze access to bank financing by small firms belonging to business groups compared to independent firms. We consider Italian manufacturing firms during the severe credit-crunch during 2010{\textendash}2012 caused by the financial crisis and subsequent domestic recession. We expect belonging to a business group to facilitate access to bank financing as the result of two different mechanisms: (i) the implicit guarantee provided by group belonging (affiliation effect) and (ii) the transfer of resources via the internal capital market (portfolio effect). The empirical evidence confirms our hypotheses. Belonging to a business group facilitates access to bank financing, while the presence of an internal capital market, which substitutes for both the decision to obtain bank financing and the amount borrowed, makes firms that are part of a business group less dependent than independent firms on this type of financing. {\textcopyright} 2019, Springer Science+Business Media, LLC, part of Springer Nature.

}, issn = {0921898X}, doi = {10.1007/s11187-019-00164-7}, url = {https://www.scopus.com/inward/record.uri?eid=2-s2.0-85064335540\&doi=10.1007\%2fs11187-019-00164-7\&partnerID=40\&md5=2f70a062bfa23a6d83401a672dba9a25}, author = {Cainelli, G. and Giannini, V. and Iacobucci, D.} } @article {578, title = {Vertical relatedness and services outsourcing: A firm-level analysis}, journal = {Industrial and Corporate Change}, volume = {28}, year = {2019}, pages = {753-771}, publisher = {Oxford University Press}, abstract = {

This paper analyzes the relationship between local-level vertical relatedness and firms{\textquoteright} services outsourcing, using a data set of 46,671 Italian manufacturing firms observed over the period 1999-2007. The analysis uses a firm-level index of services outsourcing based on the Adelman index, and it proposes a new measure of vertical relatedness. Overall, the results suggest that it is not agglomeration per se that matters for services outsourcing but rather the presence of vertically related industries. The role of firm-level heterogeneity in terms of size, geographic location, and technological regime also emerges. {\textcopyright} 2018 The Author(s) 2018. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved.

}, keywords = {data set, heterogeneity, Italy, manufacturing, outsourcing}, issn = {09606491}, doi = {10.1093/icc/dty038}, url = {https://www.scopus.com/inward/record.uri?eid=2-s2.0-85073530269\&doi=10.1093\%2ficc\%2fdty038\&partnerID=40\&md5=d73132d61bc21fff0464b43c83894926}, author = {Cainelli, G. and Ganau, R. and Iacobucci, D.} } @article {Cainelli2018, title = {Agglomeration, networking and the Great Recession}, journal = {Regional Studies}, year = {2018}, note = {cited By 0; Article in Press}, doi = {10.1080/00343404.2018.1511892}, url = {https://www.scopus.com/inward/record.uri?eid=2-s2.0-85053309295\&doi=10.1080\%2f00343404.2018.1511892\&partnerID=40\&md5=614bc6c55f4bf2ab7f9e3f8384b4eef6}, author = {Cainelli, G. and Giannini, V. and Iacobucci, D.} } @article {Cainelli2017365, title = {Business groups and the great recession in Italy [I gruppi d{\textquoteright}impresa e la grande recessione]}, journal = {Industria}, volume = {38}, number = {3}, year = {2017}, note = {cited By 0}, pages = {365-383}, doi = {10.1430/88849}, url = {https://www.scopus.com/inward/record.uri?eid=2-s2.0-85045927415\&doi=10.1430\%2f88849\&partnerID=40\&md5=16b9c0c23e26ef49ad30dbaf659d095e}, author = {Cainelli, G. and Giannini, V. and Iacobucci, D.} } @article {586, title = {Local variety and firm diversification: An evolutionary economic geography perspective}, journal = {Journal of Economic Geography}, volume = {16}, year = {2016}, pages = {1079-1100}, publisher = {Oxford University Press}, abstract = {

The aim of this article is to investigate whether and how local agglomeration forces-related and unrelated variety-influence firm diversification. Using a large dataset of 5112 Italian manufacturing business groups for the year 2001, and estimating Tobit models, we show the {\textquoteright}consistency{\textquoteright} between the patterns of firm diversification and that of the local system in which the firm is located. Specifically, firms located in local systems dominated by unrelated variety are more likely to show unrelated diversification patterns, while firms located in local systems dominated by related variety are more likely to show related diversification patterns. This supports the Evolutionary Economic Geography prediction of firm similarity {\textquoteright}within{\textquoteright} the same local system, and firm heterogeneity {\textquoteright}between{\textquoteright} different local systems. {\textcopyright} The Author (2015). Published by Oxford University Press.

}, keywords = {agglomeration, economic geography, heterogeneity, Italy, manufacturing}, issn = {14682702}, doi = {10.1093/jeg/lbv040}, url = {https://www.scopus.com/inward/record.uri?eid=2-s2.0-84991358593\&doi=10.1093\%2fjeg\%2flbv040\&partnerID=40\&md5=2df594c1e634fdf0a03cda9b19d3f804}, author = {Cainelli, G. and Iacobucci, D.} }