@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} } @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 {596, title = {Bank foundations, social capital and the growth of Italian provinces}, journal = {Regional Studies}, volume = {53}, year = {2019}, pages = {231-244}, publisher = {Routledge}, abstract = {

The funding role of bank foundations in the Italian economy, especially to the non-profit sector, significantly increased over the last 25 years. This paper constructs a novel measure of social capital at the provincial level that explicitly takes into account the bank foundations{\textquoteright} sectors of intervention (such as education, public health, and art and culture), together with other traditional aspects of social capital, and then tests the impact of bank foundations on the economic growth of Italian provinces. The findings suggest that the contribution of bank foundations to social capital positively affects the economic growth of provinces. {\textcopyright} 2018, {\textcopyright} 2018 Regional Studies Association.

}, keywords = {banking, economic growth, economic impact, Italy, regional development, social capital}, issn = {00343404}, doi = {10.1080/00343404.2018.1455971}, url = {https://www.scopus.com/inward/record.uri?eid=2-s2.0-85044974106\&doi=10.1080\%2f00343404.2018.1455971\&partnerID=40\&md5=a2480a72d8e44fd106375170775215e3}, author = {Calcagnini, G. and Giombini, G. and Perugini, F.} } @article {594, title = {Income distribution dynamics among Italian provinces. The role of Bank Foundations}, journal = {Applied Economics}, volume = {51}, year = {2019}, pages = {3198-3211}, publisher = {Routledge}, abstract = {

This paper investigates the convergence process and the distribution dynamics of income among Italian NUTS-3 provinces between 2003 and 2011. Findings show the existence of multiple steady-state equilibria which is consistent with the well-documented persistence in income disparities among Italian provinces. The role of grant-making activities by Bank Foundations is assessed on a conditioning scheme. Results suggest that Bank Foundations can affect the shape of the distribution of income and, in the long run, reduce polarization with a tendency for income to collapse towards a unimodal distribution. {\textcopyright} 2019, {\textcopyright} 2019 Informa UK Limited, trading as Taylor \& Francis Group.

}, keywords = {banking, convergence, income distribution, Italy}, issn = {00036846}, doi = {10.1080/00036846.2019.1572866}, url = {https://www.scopus.com/inward/record.uri?eid=2-s2.0-85061431000\&doi=10.1080\%2f00036846.2019.1572866\&partnerID=40\&md5=b04d4ccf7eec9541674ca1ee3e6fe5bf}, author = {Calcagnini, G. and Perugini, F.} } @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 {595, title = {A Well-Being Indicator for the Italian Provinces}, journal = {Social Indicators Research}, volume = {142}, year = {2019}, pages = {149-177}, publisher = {Springer Netherlands}, abstract = {

In recent years, a significant number of papers has been published providing alternative measures of progress and well-being to Gross Domestic Product. Most of these papers differs in terms of their theoretical approach as well as their purpose and statistical methodology used to define what well-being is and how to measure it. In this paper, we construct a well-being indicator for the Italian provinces that shows a high degree of heterogeneity not only between the Northern and Southern Italian provinces, but also among adjacent provinces. {\textcopyright} 2018, Springer Science+Business Media B.V., part of Springer Nature.

}, keywords = {civil society, Gross Domestic Product, Italy, quality of life, socioeconomic indicator, territory}, issn = {03038300}, doi = {10.1007/s11205-018-1888-1}, url = {https://www.scopus.com/inward/record.uri?eid=2-s2.0-85044543892\&doi=10.1007\%2fs11205-018-1888-1\&partnerID=40\&md5=12e20f4b00963d996888aa47c308a449}, author = {Calcagnini, G. and Perugini, F.} } @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.} }