The determinants of firm start-up and entry in Italian producer services

Santarelli, Enrico; Piergiovanni, Roberta

doi:10.1007/bf01135367

Cited by 29 publications

(13 citation statements)

References 14 publications

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“…These can be considered important issues for further research. AUDRETSCH and VIVARELLI, 1995;GAROFOLI,1994;and SANTARELLI and PIERGIOVANNI, 1995. 2 An example is the 1998 Bersani Law deregulating the retail trade sector (SCHIVARDI and VIVIANO, 2007).…”

Section: Discussionmentioning

confidence: 99%

Unemployment and Firm Entry and Exit: An Update on a Controversial Relationship

2009

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Section: Discussionmentioning

confidence: 99%

Unemployment and Firm Entry and Exit: An Update on a Controversial Relationship

2009

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“…Capital constraints are likely to be an endogenous variable in the entrepreneurial performance equation (Santarelli and Piergiovanni, 1995). We can test directly the relevance of correcting for endogeneity by applying Hausman's test for endogeneity (1978).…”

Section: Importance Of Endogeneity Issuesmentioning

confidence: 99%

Capital constraints and the performance of entrepreneurial firms in Vietnam

Tran

Santarelli

2013

Industrial and Corporate Change

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Entrepreneurship has been among the key driving forces of the emergence of a dynamic private sector during the recent decades in Vietnam. This article addresses for Vietnam the questions "how capital constraints affect the performance of family firms" and "how entrepreneurs' human and social capital interact with capital constraints to leverage entrepreneurial income." A panel of 1721 firms in 4 years is used. Results are consistent with the resource dependency approach, indicating an adverse effect of capital constraints on firm performance: firms suffering capital constraints perform substantially better, suggesting that they need more capital simply to finance newly recognized profit opportunities.Human capital plays a vital role in relaxing capital constraints and improves the entrepreneurial performance, whereas the effect of social capital stemming from strong ties and weak ties is limited: strong ties bring emotional support and weak ties give nonfinancial benefits from regular and useful business contacts.Advanced econometric analysis tools to take into account the endogeneity of capital constraints are used to establish relationships among relevant variables.JEL classification: G24, L26, L25, L14.

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“…8. Studies by Garofoli (1994) and Santarelli and Piergiovanni (1995) found contrasting evidence for this hypothesis. 9.…”

Section: Discussionmentioning

confidence: 74%

“…High wages imply high (opportunity) costs for the self-employed. Studies by Ashcroft et al (1991) and Santarelli and Piergiovanni (1995) show that the average annual wage per employee has a negative effect on new firm formation at the county level in Great Britain and the provincial level in Italy, respectively. The effect is likely to be stronger for firms in manufacturing and advanced service sectors (producer services) than for firms that depend heavily on the local market.…”

Section: Determinants Of Entry Rates In Italymentioning

confidence: 99%

Regional opportunities and policy initiatives for new venture creation

Verheul¹

2010

Development and Learning in Organizations: An International Journal

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The determinants of firm start-up and entry in Italian producer services

Cited by 29 publications

References 14 publications

Unemployment and Firm Entry and Exit: An Update on a Controversial Relationship

Unemployment and Firm Entry and Exit: An Update on a Controversial Relationship

Capital constraints and the performance of entrepreneurial firms in Vietnam

Regional opportunities and policy initiatives for new venture creation

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