Search results for "Firms"
showing 10 items of 158 documents
Foreign capital, credit constraints and continuity of firms’ R&D
2015
ABSTRACTIn this article, we investigate the role of foreign capital participation as a means for firms to overcome the obstacle posed by credit constraints to sustain R&D investments. Using data for Spanish manufacturing firms in the period 1990–2006, we show that firms with foreign capital are significantly less likely to stop already initiated R&D projects and also more likely to sustain R&D investment when facing credit constraints. Our results are robust to positive selection into foreign capital participation, which we control through a set of variables chosen from a propensity score estimation, and to firms’ fixed-effects.
The Impact of Barriers on Export Behavior of a Developing Country Firms: Evidence from Tanzania
2012
The purpose of this paper is to identify main export barriers and to test empirically their impact on export behavior. A survey of 122 manufacturing firms was conducted in Tanzania between October 2008 and February 2009. The survey data were analyzed using factor analysis and the Tobit regression model. Factor analysis identified five significant barrier factors: lack of export market knowledge and information, export supply capacity constraints, inadequate export financing, inefficient regulatory framework, and poor infrastructure. The impact of the barriers on export behavior was then tested using the Tobit regression model. The results of the Tobit estimation indicated that the lack of e…
Social media as a strategic marketing tool in the Sicilian wine industry: Evidence from Facebook
2017
Abstract Over the last few years, many companies have integrated social media, and social networking sites in particular, into their communication and media plan, leading to a deep transformation of the organizational models and changing the companies׳ marketing dynamics. This study has dual aims: first, to recognize and validate the firm׳s social media (SM) efforts in its use of the Facebook platform; second, to examine the relationships among the firm׳s SM efforts and some firm and managerial characteristics. In order to achieve these research aims, data on 45 wineries were collected and analysed, using a model that considers three different dimensions of the firms׳ activity on the social…
The interrelation between socio-spatial and institutional context and family business characteristics
2019
Tomaselli, Agrò, Fazio e Fricano show how family firms draw strength from the regional institutional context (where the region is properly intended as an administrative sub-unit at national level), as well as contribute to its evolution via their own actions. The variation in family competencies and internal dynamics lead to differences in family firms's overlla performance. The relationship with the regional institutional system in mutually sinergic - even marginal family businesses add their voice to whole, resulting in grater collective political influence, and at the same time the institutions at the regional level provide some degree of legitimacy to all players.
Success factors of Polish family businesses
2017
This article presents the results of a study carried out among family businesses operating in Poland. It is intended to supplement previously generated knowledge in the area of the operation of family businesses in the specific socio-economic and legal conditions in Poland. The objective was to collate the opinions of entrepreneurs regarding the need for visibility of the family and the family business status in business relations and the marketing activities of enterprises. The data were collected using in-depth interviews with the Polish family business owners. This paper outlines the conclusion of the study with respect to success factors such as: the trust among the family members, flex…
Banks, Firms and Economic Culture: Economists and Research Centres in Interwar Italy
2020
In the interwar years, Italy experimented a strong growth of applied economic research. The foundation of research centers can be read and placed in a much wider international trend that emerged during the Great War. In this essay, we offer a map of the most important research centers, exploring the extensive web of relationships between the academia and the productive world. We then focus on a set of case studies, selected for their relevance. Section 2 is devoted to the banking sector, with reference to four important cases (Banca Commerciale Italiana, Banca d’Italia, Associazione Bancaria Italiana and Banco di Sicilia); section 3 to the industrial sector (IRI, Finsider, Ansaldo, Edison, …
Financial constraints and R&D and exporting strategies for Spanish manufacturing firms
2014
We investigate the role of internal and external financial constraints in the firms� joint decision to export and invest in R&D. We use objective measures at the firm level such as cash flow and financial costs. We further analyze both if firms� size and the onset of the current economic crisis have had an impact. We estimate our model with Spanish manufacturing firms for the period 1990�2011, and obtain that both internal and external financial constraints are relevant.
Exports of Spanish manufacturing firms and financial constraints
2020
We investigate the role of financial constraints on firms’ exporting behavior, including firms’ export decision, export intensity, firms starting to export decision, and exports persistence. Our financial constraints variable is a synthetic variable that summarizes information on different dimensions such as total assets, profitability, liquidity, solvency, repaying ability, and (new in this type of analyses) the cost of external financing. Using data on Spanish manufacturing for the period 1992–2014, we find evidence supporting that financial health is relevant to explain small and medium-sized enterprises (SMEs) exporting decisions and starting to export decisions but not those of large …
Intellectual Capital in a Services-Oriented Firm
2013
This chapter discusses the Intellectual Capital (IC) and its management within the services-oriented firms. It argues that IC and its management are as important as in a product-oriented firm. The authors aim to analyze the intellectual capital in the service-oriented firms, focusing on various components, such as human, structural, and relational capital (IC stock), and how to manage it (IC activities). Specifically, the authors examine IC stock and IC activities in a special type of Italian services firms: the Local Public Utility (LPU). These firms are peculiar since were affected by the privatization process and this has made a great need for rethinking the role of intellectual capital …
INNOVATION STRATEGY, WORKING CLIMATE, AND FINANCIAL PERFORMANCE IN TRADITIONAL MANUFACTURING FIRMS: AN EMPIRICAL ANALYSIS
2012
In this study, we address the effect of innovation strategy and an innovative working climate on financial performance in the Norwegian wood industry. Innovation strategy embodies four dimensions: the degrees to which innovation in the form of products, processes, and business systems are embedded in the management values and priorities as well as the degree of expenditure in R&D. An innovative working climate is exemplified by team cohesion, supervisory encouragement, resources, autonomy, challenge, and openness to innovation. Previous studies have indicated a lack of research in traditional manufacturing firms on both innovation strategy and a supportive working climate. Our survey w…