No abstract

possibile principio evolutivo della teoria e della pratica d'impresa. Il percorso degli studi dell'economia d'impresa CRISTINA SIMONE, FRANCESCO POLESE, FRANCESCA IANDOLO, FRANCESCO CAPUTO PAG. Alla ricerca di un possibile principio evolutivo della teoria e della pratica d'impresa. Dinamiche di sviluppo delle modalità di produzione industriale ENRICO MASSARONI, SALVATORE ESPOSITO DE FALCO, GIUSEPPE SANCETTA, ALESSANDRA COZZOLINO, ALBERTO BILOTTA, LUCA CARRUBBO " Alla ricerca di un possibile principio evolutivo della teoria e della pratica d'impresa. Verso una formalizzazione SERGIO BARILE, CORRADO GATTI, MARIALUISA SAVIANO, MARIO CALABRESE " Servitization e Knowledge Management. Il Caso della IBM Corporation LUNA LEONI " La manifattura nelle imprese orientate al valore d'uso PAOLO STAMPACCHIA, MARIA COLURCIO " Manifattura e Organizzazione del Lavoro: Corsi e Ricorsi nell'Evoluzione Industriale MICHELA IANNOTTA, MAURO GATTI " TRACK 1 EVOLUZIONE DELL'ECONOMIA D'IMPRESA E DEI SISTEMI PRODUTTIVI TRACK 2 MANIFATTURA, SERVITIZATION E CREAZIONE DI VALORE XII Intelligenza generativa in azione: esperienze di crowdcrafting nei progetti "#DivanoxManagua" e "#Sofa4Manhattan" di Berto Salotti ANGELO BONFANTI, FEDERICO BRUNETTI PAG. Co-creazione di valore nelle relazioni impresa-territorio: determinanti innovative ed osservazione di casi MARCELLO SANSONE, ANDREA MORETTA TARTAGLIONE, ROBERTO BRUNI " La simbiosi industriale come modello per lo sviluppo sostenibile dei sistemi economici territoriali MARCO LA MONICA, LAURA CUTAIA, SILVIO FRANCO " Alcune diverse sfaccettature della competitività: Made in Italy e sviluppo del territorio MARCO GIANNINI " Manifattura: quale futuro? La fabbricazione digitale PIER PAOLO CARRUS, FABIANA MARRAS, ROBERTA PINNA " La stampa 3D come nuova sfida tecnologica al lavoro manifatturiero LUCA BELTRAMETTI, ANGELO GASPARRE " Gli effetti della Stampa 3D sulla competitività aziendale. Il caso delle imprese orafe del distretto di Arezzo ANDREA BOCCARDI, GIACOMO MARZI, LAMBERTO ZOLLO, CRISTIANO CIAPPEI, MASSIMILIANO PELLEGRINI " Manifattura evoluta nel radical fashion. Un percorso tra tecnologia, artigianato e networking MONICA CALCAGNO, ERIKA CAVRIANI " TRACK 3 INNOVAZIONE NELLE RELAZIONI FABBRICA-TERRITORIO TRACK 4 NUOVE SFIDE TECNOLOGICHE AL LAVORO MANIFATTURIERO XIII Sustainable supply chain management needs sustainable packaging. An exploratory study ENRICO MASSARONI, ALESSANDRA COZZOLINO, EWA WANKOWICZ PAG.

This research paper investigates the role of Italian venture capital in supporting innovative start-ups in their early-stage process, which is usually focused on the creation of a new product or the development of a new service.The aim of the study is to observe and assess the key economic features of innovative start-ups funded at the beginning of the early-stage by venture capital funds and thereafter analyze the level of development of target companies at four years since the capital injection. The sample of deals created to describe this dynamic process is composed by investments realized between 1996 and 2012 and, in this way, according to the chosen methodology, it is representative of Italian venture capital role and contribution in the years from 1996 to 2016. The authors used for their empirical study a proprietary database, Venture Capital Monitor-VeM TM . Through the analysis of collected data, the paper describes the strategic importance of venture capital investments in early-stage opportunities both for target companies and the Italian socio-economic environment, and finds aggregate values of reference to quantitatively define the socio-economic outcome of this kind of operations. A final further contribution is provided by comparing the present results to the ones of two previous studies conducted by the authors. 485research is to analyze if Italian venture capital funding and investment strategy model has been capable of producing positive effects on growth and innovation.The paper initially proposes a literature review, intended to define the main concepts of venture capital and set the theoretical framework, and then a brief analysis of Italian market trend in the last decade, which is useful to better frame the research question. Thereafter, the paper presents and analyzes a sample of 74 VC deals, over an initial database of 130 (that covers almost exactly the reference universe), which took place in Italy from 1996 to 2012. After assessing the sample representativeness of the overall market trend in those years, the authors analyze the balance sheet and the profit and loss of each target company at four years since the VC capital injection, in order to identify the contribution of venture capital in terms of value creation. This choice is mainly due to the average holding period of this kind of investments, which is usually between four and five years: According to this market evidence, the authors are so able to best evaluate the effects of venture capitalists' strategy and financing on participated firms.Finally, the paper presents the results of the analysis by reporting the most significant socio-economic indicators from an aggregate point of view and discussing the final remarks drawn from these, also comparing them to the findings of two previous studies conducted by the authors themselves.Consequently, the discussion of the analysis and the data reported assesses the real effects of VC on venture backed companies and its support to value creation, not only for target companies themselve...