Template-type: ReDIF-Article 1.0
Author-Name: John Cantwell
Author-Name: Feng Zhang

Title: Technological complexity and the evolving structure of MNC subsidiary knowledge accumulation
Abstract: The paper analyses the implications of increasing technological complexity and organizational restructuring for the knowledge accumulation activities of the subsidiaries of multinational corporations (MNCs). An analysis of foreign-owned subsidiaries in the German pharmaceutical industry in 1975-1995 indicates that the restructuring and intensification of knowledge exchange mechanisms in MNCs are an essential factor to enable subsidiaries to play a more creative role in knowledge generation. Although subsidiaries might use internal and external knowledge networks in their knowledge accumulation process in a complementary way, the purposes differ. In particular, the international internal knowledge networks of subsidiaries have been used increasingly for incremental knowledge building within the same field, whereas local external knowledge networks have been used far more for transferring more technologically complex knowledge.
Classification-JEL: F23
Keywords: Accumulazione di conoscenza, complessit? tecnologica, ristrutturazione delle reti di conoscenza, sussidiaria di una multinazionale
Note: 
Pages:5-33
Volume: 2011/4
Year: 2011
Issue:4
File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=43816&Tipo=Articolo PDF
File-Format: text/HTML
Handle: RePEc:fan:polipo:v:html10.3280/POLI2011-004001
Number: 1

Template-type: ReDIF-Article 1.0
Author-Name:  Fabio Bertoni
Author-Name: Annalisa Croce
Author-Name: Diego D'Adda

Title: Venture capital e attivit? brevettuale delle giovani imprese italiane ad alta tecnologia
Abstract: The aim of the paper is to conduct an empirical analysis of the impact of VC (venture capital) funding on the innovation output of new technology-based firms in terms of their patenting activity. In particular, we compare the patenting rates of investee and non-investee high-tech firms. To investigate whether VC investments spur patenting activity, we consider a unique longitudinal dataset composed of one hundred and ninety- one Italian firms operating in high-tech manufacturing industries. We estimate different econometric models on panel data, controlling for factors beyond VC that could influence a firm?s patenting behaviour, such as the founders? human capital and the use of other financing sources. The results of the analysis show that VC investments have a positive impact on successive patenting activity and that prior to receiving VC, the patenting propensity of the investee firms was no higher than other firms.
Classification-JEL: D92, G24, L21
Keywords: Venture capital, brevetti, imprese ad alta tecnologia
Note: 
Pages:35-67
Volume: 2011/4
Year: 2011
Issue:4
File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=43817&Tipo=Articolo PDF
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Handle: RePEc:fan:polipo:v:html10.3280/POLI2011-004002
Number: 2

Template-type: ReDIF-Article 1.0
Author-Name: Stefano Prezioso
Author-Name: Stefano Rosignoli

Title: Persistenze e cambiamenti nell?industria italiana durante gli anni del "declino": un?analisi territoriale
Abstract: Radical changes in economic geography driven by "global" trends led entrepreneurs to greatly vary the business choices made in the 2000-2006 period. The purpose of this study is to analyse the "micro" factors that have had a more profound impact on entrepreneurial behaviour and the different impacts they have had on a regional scale. Based on an econometric exercise, the study aims to identify: i) the competitive advantages associated with the relatively more successful cases of firm growth; ii) whether these cases are characterized by elements of continuity/discontinuity with respect to the traditional aspects of the model of Italian industrial specialization; and iii) how these behaviours have been distributed across the territorial segments of the country. The paper then observes and comments on the inhomogeneous distribution of the shifts in the use of factors capable of spurring higher growth performances in different territorial contexts.
Classification-JEL: L16, L52
Keywords: Cambiamento strutturale, politica industriale
Note: 
Pages:69-94
Volume: 2011/4
Year: 2011
Issue:4
File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=43818&Tipo=Articolo PDF
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Handle: RePEc:fan:polipo:v:html10.3280/POLI2011-004003
Number: 3

Template-type: ReDIF-Article 1.0
Author-Name:  Gianfranco Viesti

Title: Le politiche di sviluppo del Mezzogiorno negli ultimi venti anni: scelte e risultati
Abstract: The article examines regional policies in Italy after the end of the "intervento straordinario". After illustrating the changes in the legal and operating framework of the regional policies, the paper then uses a range of different data to perform an initial assessment of their results.
Classification-JEL: R11, H50
Keywords: Politiche regionali, Mezzogiorno, valutazione
Note: 
Pages:95-137
Volume: 2011/4
Year: 2011
Issue:4
File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=43819&Tipo=Articolo PDF
File-Format: text/HTML
Handle: RePEc:fan:polipo:v:html10.3280/POLI2011-004004
Number: 4

Template-type: ReDIF-Article 1.0
Author-Name: Luciana Crosilla
Author-Name: Marco Malgarini

Title: Behavioural models for manufacturing firms: analysing survey data
Abstract: Survey data on manufacturing firms are usually analysed on an aggregate basis, calculating for each question the so-called "balance" between the number of positive and negative replies. The simple average of selected balances is then commonly used to calculate the confidence indicator. While balance and confidence indicators provide an easy-to-compute and easy-to-understand quantification of survey results, and therefore are considered useful tools to analyse the sector?s cyclical situation, a cyclical analysis based on balance and confidence indicators alone fails to fully exploit all the information embedded in the survey. More specifically, computation of the balance statistic disregards "neutral" answers to survey questions and no attempt is made to identify potential relationships between the different responses to the various survey questions given by the same firms. A more in-depth study of this information can provide interesting insights into firms? opinions on the economic situation. The contribution presents a new methodology based on cluster analysis that takes into account also the neutral answers and then uses it to assess the similarities and differences between the recent crisis and current recovery, and to compare these to past cyclical crises, specifically, the major recession of 1992-1993 and subsequent recovery in 1993-1995.
Classification-JEL: C32, E32
Keywords: Analisi del ciclo, indagini sulla fiducia delle imprese, cluster analysis
Note: 
Pages:139-163
Volume: 2011/4
Year: 2011
Issue:4
File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=43820&Tipo=Articolo PDF
File-Format: text/HTML
Handle: RePEc:fan:polipo:v:html10.3280/POLI2011-004005
Number: 5

Template-type: ReDIF-Article 1.0
Author-Name: Francesco Bogliacino
Author-Name: Matteo Lucchese

Title: Access to finance for innovation: the role of venture capital and the stock market
Abstract: Financial constraints for young and small firms can prevent them from contributing to innovation and the creation of new jobs. The paper analyzes two of the several institutional mechanisms implemented to overcome that hurdle: the development of the venture capital market and access to the stock market. The analysis is based on the information provided by two of the scoreboards used to monitor innovative activity in Europe: the IUS (Innovation Union Scoreboard) and the R&D Scoreboard. The former was used to study the determinants of venture capital/GDP intensity in Europe. The second was used to try to assess the stock market?s contribution to R&D investment. The results show that, in the first case, the venture capital market complements structural features such as R&D intensity and market capitalization, is more volatile, and seems uninfluenced by competition-adverse regulations; in the second case, the analysis indicated that unlisted SMEs are more research intensive.
Classification-JEL: M13, O31, O38
Keywords: Venture capital, R&S, politica europea, effetti casuali, propensity score matching
Note: 
Pages:165-183
Volume: 2011/4
Year: 2011
Issue:4
File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=43821&Tipo=Articolo PDF
File-Format: text/HTML
Handle: RePEc:fan:polipo:v:html10.3280/POLI2011-004006
Number: 6

Template-type: ReDIF-Article 1.0
Author-Name: Federico Munari
Author-Name: Laura Toschi

Title: L?impatto dei programmi pubblici a supporto del venture capital: il caso del Regno Unito
Abstract: The paper assesses the impact of the publicly-backed funds created to enable new and high-tech companies to obtain VC (venture capital) to meet their funding requirements. It describes the main approaches used to perform an evaluation of this type and an application related to the experience of the United Kingdom. The analyses are based on a sample of six hundred and fifty companies financed by public and private VC funds in the United Kingdom in the 1998-2007 period.
Classification-JEL: G24, G28, G38
Keywords: Venture capital, interventi pubblici, caratteristiche regionali, Regno Unito
Note: 
Pages:185-205
Volume: 2011/4
Year: 2011
Issue:4
File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=43822&Tipo=Articolo PDF
File-Format: text/HTML
Handle: RePEc:fan:polipo:v:html10.3280/POLI2011-004007
Number: 7

Template-type: ReDIF-Article 1.0
Author-Name: Evila Piva
Author-Name: Cristina Rossi Lamastra
Author-Name: Mike Wright

Title: Giovani imprese con obiettivi alternativi al profitto: sfide economiche, manageriali e organizzative
Abstract: 
Classification-JEL: 
Keywords: 
Note: 
Pages:207-209
Volume: 2011/4
Year: 2011
Issue:4
File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=43825&Tipo=Articolo PDF
File-Format: text/HTML
Handle: RePEc:fan:polipo:v:html10.3280/POLI2011-004008
Number: 8