This paper matches the sensitivity analysis of two-stage DCF models to the assumption of Long Term Steady-State. It proposes the definition of ‘Joint Sensitivity’ that measures the effect on the firm’s value of joint variations of more input parameters. The duration of the first stage of...

The objective of this article is to analyze the relationship between entrepreneurship and change in technological domains, with the focus on possible causal relations in both directions. It aims at investigating how technological changes generate opportunities that entrepreneurs or...

In a reference framework towards the knowledge economy concept and in relation to the notion of Regional Innovation System (RIS), we consider a set of European regions that in the last two decades experienced a process of economic and industrial renewal, with a two-fold aim. Focusing on the time...

In un quadro di riferimento verso le knowledge economies, questo lavoro sottopone ad analisi l’insieme dei percorsi di sviluppo seguiti dai territori le cui economie appaiono ancora caratterizzate da una sensibile componente industriale, con una specializzazione nei settori più tradizionali...

In a reference framework towards the knowledge economy concept and in relation to the notions of Regional Innovation System (RIS) and Triple Helix, the purpose of this paper is to identify different paths of regional change with the aim of drawing some indication supporting local policy making....

This paper analyses a number of European regions that in the last decade, through a considerable change in their economic base, experienced a remarkable growth path and a significant increase in their competitiveness. The analysis was carried out with the aim of recognizing the main determinants...

Entrepreneurship broadly covers different areas because it is a pervasive phenomenon. We here analyze the role of entrepreneurship in mature industries, where strategic change may be necessary for avoiding decline. Firstly, mature industries are embedded with a potential renewed role for...

This paper analyses a number of European regions that in the last decade, through a considerable change in their economic base, experienced a remarkable growth path and a significant increase in their competitiveness. The analysis was carried out with the aim of recognizing the main determinants...

Tramite la costruzione e l’analisi di un database che raccoglie informazioni di natura economico-finanziaria e i risultati di una survey sul tema della media impresa, lo studio si pone un duplice obiettivo. In primo luogo, intende individuare quali sono le peculiarità che costituiscono gli...

The aim of this paper is to investigate the relationship between firm performances after the IPO and their entrepreneurial orientation (EO). In our work we want to test if more entrepreneurial oriented firms show better market performances signalling that investors valuate it positively. To this...