Italian Innovative Start-up Cohorts: An Empirical Survey on Profitability

Migliaccio, Guido; Pavone, Pietro

doi:10.1007/978-3-030-48279-4_78

Cited by 2 publications

(1 citation statement)

References 12 publications

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“…This study is part of a larger project to analyze the performance of Italian companies before, during and after the 2008 economic crisis. The project investigated Italian cooperative companies (Fusco and Migliaccio, 2015, 2016a, b, 2018, 2019), with attention to social cooperatives that manage social welfare residences for the elderly (Migliaccio and Losco, 2018) as well as innovative start-ups (Migliaccio and Pavone, 2019, 2021) and social enterprises (Migliaccio and Pavone, 2020). In addition, a further study is currently underway on the profitability of companies in the primary sector with the aim of identifying significant differences in relation not to the geographic location but regarding the prevailing activity carried out (agricultural, farming and mixed activity).…”

Section: Summary Conclusion and Implicationsmentioning

confidence: 99%

Primary sector in Italy: profitability dynamics and relationship with the international economic crisis

Migliaccio

Pavone

2021

IJPPM

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PurposeThis paper investigates the income dynamics of Italian primary sector, during and after the international economic crisis. It focuses on three research questions: what has been the evolution of the main profitability ratios of agricultural enterprises in recent years? After the crisis, have the surviving farms increased their profitability? Has the profitability been different also in relation to the geographic location?Design/methodology/approachIncome dynamics of a sample of companies have been analyzed, obtaining the 10-year evolution of the average value of three income indices (return on equity [ROE], return on assets [ROA] and return on sales [ROS]). Statistical elaborations and the analysis of variance (ANOVA) method have been used.FindingsThe years of the international economic crisis are often characterized by higher incomes than the following ones. The descending trend involves all three national macroareas of Italy, although characterized by considerable socioeconomic differences.Research limitations/implicationsThe study considers only the society that survived the crisis, so, presumably, the strongest. Moreover, other ratios should be considered in order to have a more complete view.Practical implicationsPublic policymakers could use this study for a better intervention in support of agricultural and agro-industrial activities.Social implicationsThe careful economic and financial analysis of the sector favors the relaunching strategies of the Italian primary sector in which many employees work.Originality/valueThe research contributes to the literature by providing a quantitative analysis of the dynamics of the sector, through the comparative information that may be derived from financial statements.

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Section: Summary Conclusion and Implicationsmentioning

confidence: 99%

Primary sector in Italy: profitability dynamics and relationship with the international economic crisis

Migliaccio

Pavone

2021

IJPPM

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Profitability and financial performance of Italian real estate companies: quantitative profiles

Migliaccio,

De Palma

2023

IJPPM

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PurposeThis study illustrates the economic and financial dynamics of the sector, analysing the evolution of the main ratios of profitability and financial structure of 1,559 Italian real estate companies divided into the three macro-regions: North, Centre and South, in the period 2011–2020. In this way, it is also possible to verify the responsiveness to the 2020 pandemic crisis.Design/methodology/approachThe analysis uses descriptive statistics tools and the ANOVA method of analysis of variance, supplemented by the Tukey–Kramer test, to identify significant differences between the three Italian macro-regions.FindingsThe study shows the increase in profitability after the 2008 crisis, despite its reverberation in the years 2012–2013. The financial structure of companies improved almost everywhere. The pandemic had modest effects on performance.Research limitations/implicationsIn the future, other indices should be considered to gain a more comprehensive view. This is a quantitative study based on financial statements data that neglects other important economic and social factors.Practical implicationsPublic policies could use this study for better interventions to support the sector. In addition, internal management can compare their company's performance with the industry average to identify possible improvements.Social implicationsThe research analyses an economic field that employs a large number of people, especially when considering the construction and real estate services covered by this analysis.Originality/valueThe study contributes to the literature by providing a quantitative analysis of industry dynamics, with comparative information that can be deduced from financial statements over the years.

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Italian Innovative Start-up Cohorts: An Empirical Survey on Profitability

Cited by 2 publications

References 12 publications

Primary sector in Italy: profitability dynamics and relationship with the international economic crisis

Primary sector in Italy: profitability dynamics and relationship with the international economic crisis

Profitability and financial performance of Italian real estate companies: quantitative profiles

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