The article analyses the productivity dynamics of a sample of Italian manufacturing firms in the period 1996-2006. The first part computes Malmquist measures of productivity using non parametric techniques. Our measures show that the low rate of growth in productivity is due to the different...

Molte politiche pubbliche prendono a riferimento i valori medi di variabili economiche o sociali ritenute importanti (dimensione media d'impresa, produttivitâˆšÉ media, reddito medio, etc.) spesso con l'obiettivo di modificare il comportamento degli operatori (imprese e individui) e di...

This paper empirically investigates gross job flows and the growth patterns of continuing limited liability companies in Italy over the period 1996-2004, using original data on work forces and other characteristics of the firm. The descriptive analysis reveals that the magnitude of gross job...

The paper proposes an empirical investigation of job flows for continuing manufacturing firms in Italy from 1996 to 2004 using high quality data on work forces and other characteristics of the firm. The magnitude of the job flows for small and medium-sized limited liability companies in Italy is...

Pyramidal groups, in Italy and elsewhere, represent a model of separation of ownership and control. Pyramids typically have blockholders which extract private benefits of control at the expenses of minority shareholder. This paper focuses on the Italian case where the number of pyramids is...

Firms in equipment-intensive sectors, where investment in production is performed at diminishing marginal cost, spend billions of dollars in equipment and production capacity. Typically, this expenditure is induced by either the replacement of existing equipment, which deteriorates with age and...

In equipment-intensive sectors - such as water utilities, power generation, gas - billions of dollars are spent in capital equipment. We discuss and characterize the optimal policy of a profit-maximizing firm and compare it with the optimal policy of a welfare-maximizing planner. When there is...

The traditional distinction between profit and non profit firms does not necessarily apply to some types of cooperative firms, such as the Italian mutual cooperative banks (MCBs). These MCBs present a peculiar governance structure, a combination between a public company governance model and a...

Il miglioramento qualitativo dei prodotti e di servizi alla clientela sono stati individuati, da una vasta letteratura sul tema, quali fattori determinanti per un riposizionamento di mercato. Inoltre, la necessità di un sostegno pubblico ad innovazioni che agiscano sulla qualità (effettiva o...