Minetti, Raoul; Murro, Pierluigi; Paiella, Monica - Dipartimento del Tesoro, Ministero dell'Economia e … - 2012
This paper tests the impact of firms’ ownership structure on firms’ innovation decisions using a rich dataset of about 20,000 Italian manufacturers. After accounting for its possible endogeneity, we find that ownership concentration negatively affects the probability of innovation,...
