Heterogeneity in managerial strategies and internationalization of firms: the case of Italy

Journal title ECONOMIA E POLITICA INDUSTRIALE
Author/s Giorgia Giovannetti, Giorgio Ricchiuti, Margherita Velucchi
Publishing Year 2013 Issue 2013/2
Language English Pages 16 P. 51-66 File size 175 KB
DOI 10.3280/POLI2013-002003
DOI is like a bar code for intellectual property: to have more infomation click here

Below, you can see the article first page

If you want to buy this article in PDF format, you can do it, following the instructions to buy download credits

Article preview

FrancoAngeli is member of Publishers International Linking Association, Inc (PILA), a not-for-profit association which run the CrossRef service enabling links to and from online scholarly content.

The recent empirical literature on firm performance has highlighted the multidimensional concept of managerial strategies. The paper analyzes the nexus between these strategies and performance based on specific entrepreneurs’ characteristics, corporate strategies, organizational capabilities and firms’ approaches to internationalization. Using a dataset obtained by matching and merging Capitalia, ICE-Reprint and AIDA surveys we investigate the possible non-linear impact of managerial strategies on firm performance in Italy. While the specific entrepreneurs’ characteristics do not seem to have a significant impact on firm performance, the mode of internationalization plays an important role. Important non-linearities arise when we singled out the role of skilled workers and managers in determining a firm’s success in highly competitive markets.

Keywords: Managerial strategies, internationalization, panel analysis, non-linearities

Jel codes: C1, F1, F2, L1

  1. Altomonte C., Aquilante T. 2012. The EU-EFIGE/Bruegel-UniCredit dataset. Bruegel Papers 753
  2. Audretsch D., Thurik A.R. 2001. What’s new about the new economy? Sources of growth in the managed and entrepreneurial economies. Industrial and Corporate Change, 19 (5): 795-821 DOI: 10.1093/icc/10.1.267
  3. Audretsch D., Keilbach M.C., Lehman E.E. 2006. Firms’ Managerial Strategies and Economic Growth. Oxford University Press: New York
  4. Barba Navaretti G., Faini R., Tucci A. 2007. Does family control affect trade performance? Evidence for Italian firms, mimeo
  5. Bernard A., Bradford J., Redding S.J., Schott P.K. 2007. Firms in international trade. Journal of Economic Perspective, 21 (3): 105-130 DOI: 10.1257/jep.21.3.105
  6. Bloom N., Van Reenen J. 2007. Measuring and explaining management practices across firms and countries. Quarterly Journal of Economics, 122 (4): 1351-1408 DOI: 10.1162/qjec.2007.122.4.1351
  7. Capitalia. 2005. Indagine sulle imprese italiane. Osservatorio sulle piccole e medie imprese. Capitalia: Roma
  8. Castellani D., Giovannetti G. 2009. Productivity and the international firm: dissecting heterogeneity. The Journal of Economic Policy Reform, Taylor and Francis Journals, 13 (1): 25-42 DOI: 10.1080/17487870903546226
  9. De Benedictis L., Giovannetti G. 2010. Caratteristiche dell’internazionalizzazione delle imprese in Italia. Esportazioni, delocalizzazione ed investimenti diretti all’estero, mimeo
  10. Dixit A. 1989. Entry and exit decisions under uncertainty. Journal of Political Economy, 97 (3): 620-638.
  11. Favero C., Giglio S., Honorati M., Panunzi F. 2006. The performance of Italian family firms. ECGI Working Paper 127/06.
  12. Giovannetti G., Ricchiuti G., Velucchi M. 2011. Size, innovation and internationalization: a survival analysis of Italian firms. Applied Economics, 43 (12): 1511-1520 DOI: 10.1080/00036840802600566
  13. Giovannetti G., Ricchiuti G., Velucchi M. 2013. Location, internationalization and performance of firms in Italy: a multilevel approach. Applied Economics, 45 (18): 2665-2673 DOI: 10.1080/00036846.2012.665597
  14. Holtz-Eakin D., Kao C. 2003. Firms’ Managerial Strategies and Economic Growth: the Proof is in the Productivity. Syracuse University: Syracuse
  15. Koski H., Marengo L., Makinen I. 2009. Firm size, managerial practices and innovativeness: some evidence from Finnish manufacturing. LEM Working Papers Series 2009/01.
  16. Maksoud A., Asada T., Nakagawa M. 2008. Performance measures, managerial practices and manufacturing technologies in Japanese manufacturing firms: state-ofthe- art. Int. J. Business Performance Management, 10 (1): 1-16 DOI: 10.1504/IJBPM.2008.015917
  17. Mariotti S., Mutinelli M. 2005. Italia multinazionale 2004. Rubbettino Editore: Soveria Mannelli
  18. Mayer T., Ottaviano G.M. 2007. The happy few: the internationalization of European firms. Bruegel Blueprint Series 3.
  19. Wooldridge J. 2008. Introductory Econometrics: A Modern Approach. CENGAGE Learning: Mason.

  • Foreign Exposure and Heterogeneous Performance of Italian Firms: A Survey of the Empirical Literature (1992-2014) Valeria Gattai, in SSRN Electronic Journal /2015
    DOI: 10.2139/ssrn.2594638
  • Agglomeration of exporters and productivity spillovers: firm-level evidence from italy Andrea Ricci, in ECONOMIA E POLITICA INDUSTRIALE 2/2014 pp.113
    DOI: 10.3280/POLI2014-002006
  • Internationalisation and performance at the firm-level: what we learn from Italy Valeria Gattai, in Economia e Politica Industriale /2015 pp.475
    DOI: 10.1007/s40812-015-0019-0
  • ODI from BRIC Countries Valeria Gattai, Rajssa Mechelli, Piergiovanna Natale, pp.25 (ISBN:978-3-319-97339-5)
  • L'ecosistema imprenditoriale di Monza e Brianza all'inizio del XXI secolo: una Ratio Analysis del territorio Daniela Preite, Germano Maifreda, Fabio De Matteis, Fabrizio Striani, Benedetta Maria Crivelli, Gianmaria Brunazzi, in STORIA IN LOMBARDIA 1/2024 pp.63
    DOI: 10.3280/SIL2024-001003
  • FDI direction, FDI margin, and heterogeneous firms: evidence from the EU Valeria Gattai, Giorgia Sali, in International Review of Applied Economics /2018 pp.283
    DOI: 10.1080/02692171.2017.1342777
  • Internationalization and Performance of Italian Enterprises Valeria Gattai, in SSRN Electronic Journal /2013
    DOI: 10.2139/ssrn.2362815

Giorgia Giovannetti, Giorgio Ricchiuti, Margherita Velucchi, Heterogeneity in managerial strategies and internationalization of firms: the case of Italy in "ECONOMIA E POLITICA INDUSTRIALE " 2/2013, pp 51-66, DOI: 10.3280/POLI2013-002003