The aim of this paper is to explore the effects of spillovers driven by competition and forward and backward linkages between foreign firms and Italian firms. We adopt the firm dynamics framework, which allows us to test the impact of foreign firms’ activity on the probability that local firms...

Highly leveraged small businesses cannot obtain enough credit because of the debt overhang problem. Therefore, highly leveraged firms may lose potential profits from profitable investment opportunities in which they are unable to invest. On the other hand, highly leveraged small businesses can...

Using microdata from the U.S. Survey of Business Owners 2007, this study examines transnational activities of immigrant-owned businesses in three aspects: Whether they export, outsource jobs, and have overseas establishments. Results show that immigrant-owned firms have significantly higher...

This paper investigates the differential effects on performance of majority and minority Private Equity (PE) investments. By using a difference in difference approach, we compare a sample of 191 firms in the years following the PE investment with a control group constituted by firms that are the...

Our work aims to analyze the inter-organizational relationships of contractors in public procurement projects. We investigate how a firm’s network position affects its performance in public procurement practices, measured as the average value of projects won by the firm. To accomplish this...

Fondazione Ugo La Malfa has recently produced the first systematic Analysis of Budget data of medium and large size manufacturing companies located in the Italian South. The study, carried in cooperation with the Research Department of Mediobanca, includes 3 sets of data: - budget data for...

The peculiarity of local production systems is the cultural background of knowledge and cooperative behaviours that lead not only each company and its operating subjects, but the components as a whole, to the achievement of economic benefits that are the result of economies external to the firm...

This paper studies the impact of corporate ownership structure on firm performance. This paper tests whether policy intervention with respect to blockholding and higher managerial ownership is required in Pakistan. We hypothesise that market places expropriation premium on stocks of such firms...

This paper analyzes how different combinations of Corporate Social Responsibility (CSR) dimensions affect corporate economic performance. We use various dimensions of CSR to examine whether firms rely on different combinations of CSR, in terms of quality versus quantity of CSR practices. Our...

This paper develops a two-way director-firm fixed effect model to study the relationship between independent directors' individual heterogeneity and firm operating performance, using French data. This strategy allows considering and differentiating in a unified empirical framework mechanisms...