Factors Explaining the Growth of Small Dedicated Biotechnology Firms: Evidence from Italy

Sorrentino, Mario; Castaldi, Laura; Paoli, Angela Delli

doi:10.5465/ambpp.2015.14305abstract

Cited by 1 publication

(1 citation statement)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…achieve product and process innovations (Gulati and Higgins 2003;Zaheer and Bell 2005;Castaldi et al 2015;Sorrentino et al 2015;Schott and Jensen 2016) at lower costs (Cai and Szeidl 2018); capture valuable market opportunities (Lechner and Dowling 2003) and enter key markets (Laurell et al 2017); significantly increase their productivity and develop high-range products in typical "Made in Italy" productions in accordance with the different and increasingly variable market requirements (Stoian et al 2017).…”

Section: Theoretical Framework and Research Questionsmentioning

confidence: 99%

Contractual networks: an organizational model to reduce the competitive disadvantage of small and medium enterprises (SMEs) in Europe’s less developed regions. A survey in southern Italy

2019

View full text Add to dashboard Cite

Limitations faced by southern Italy's small enterprises due to their dimensions may be overcome by cooperation strategies and network contracts. The international literature has highlighted that effectively governed business networks appear to more successfully allow partner firms to improve their economic performance and survive over time. This paper combines qualitative and quantitative analyses to test the above hypothesis. It also analyses the performance of southern Italian firms that have joined business network contracts equipped with legal personalitythe so called "reti soggetto" or "heavy contractual networks" (HCNs)compared to firms participating in business networks based only on contractual agreements, devoid of legal personality-the so called "reti contratto" or "light contractual networks" (LCNs). Our findings demonstrate that only 13% of all registered business networks are in fact operative. Among the networks with legal personality, approximately 28% are active networks. A similar trend was observed for network contracts devoid legal personality: only 11% are truly active. Performance measures (including profitability, financial situation indicators, and debt sustainability) also differ for firms belonging to HCN, compared to those belonging to LCN, in the years following the subscription of the network contract. Empirical analysis suggests that HCNs have significant positive effects on the performance of participant firms. We thus propose to verify the conditions that strengthen business networks in the south of Italy. We also recommend promoting the establishment of

show abstract