- the Italian "province") in Italy. A comprehensive dataset is used, which includes control variables for social capital and … estimation bias resulting from unobserved district-specific influences. …

This paper examines several dimensions of the relationship between diversification and performance. Specifically, we … investigate the link between related and unrelated diversification and performance. We also study the effect of the potential … redeployment of ‘plastic' assets on unrelated diversification. To investigate this, we estimated a dynamic panel on a data set of 2 …

covariances). We then use this framework to run counterfactuals changing the degree of destination market diversification …, we find that the effect of increased destination market diversification is quantitatively important in reducing aggregate …