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Innovation And Performance Of Italian Multinational Enterprises Of The "Fourth Capitalism"

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  • Daniele SCHILIRO

    ()
    (DESMaS "V.Pareto", University of Messina, Italy)

Abstract

The aim of the contribution is to focus on the innovation of Italian medium and medium -large multinationals who represent the "fourth capitalism" and also to evaluate their performance. The enterprises of "fourth capitalism" are the set of medium and medium-large enterprises who seem to be stronger on foreign markets, either through exports or through foreign direct investment. The paper uses the data set from Mediobanca Research Unit to provide a descriptive analysis of the performance of Italian multinational enterprises of the "fourth capitalism", showing the complex approach to the internationalization of these enterprises, where innovation plays a key role. Flexibility and specialization in the production are also important elements that drive the decision to invest and produce abroad for these enterprises. The commercial dimension also plays a key role for the firms of the "fourth capitalism", as it leads to the direct control of foreign markets. The study points out that one of the strategic objectives of Italian multinationals of the "fourth capitalism" is their strong customer focus and organizational effort to provide their services to the customers, which require substantial investment in immaterial assets. Finally, the work highlights some external constraints that penalize the Italian multinational enterprises of the "fourth capitalism", as the high cost of bureaucracy, excessive and unfair taxation lack of support to internationalization by public institutions.

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Bibliographic Info

Article provided by ASERS Publishing in its journal Journal of Advanced Research in Management.

Volume (Year): II (2011)
Issue (Month): 2 (December)
Pages: 89-103

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Handle: RePEc:srs:jarm12:3:v:2:y:2011:i:2:p:89-103

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Keywords: Italian multinational firms; fourth capitalism; innovation; internationalization.;

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References

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  7. Colli Andrea, 2005. "Il quarto capitalismo," L'industria, Società editrice il Mulino, issue 2, pages 219-236.
  8. repec:idb:brikps:48618 is not listed on IDEAS
  9. Daniele Schilirò, 2008. "Investing in Knowledge: Knowledge, Human Capital and Institutions for the Long Run Growth," CRANEC - Working Papers del Centro di Ricerche in Analisi economica e sviluppo economico internazionale crn0804, Università Cattolica del Sacro Cuore, Centro di Ricerche in Analisi economica e sviluppo economico internazionale (CRANEC).
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  11. Francesca De Girolamo & Lucia Piscitello, 2010. "Il successo internazionale delle PMI italiane: quali competenze distintive?," ECONOMIA E POLITICA INDUSTRIALE, FrancoAngeli Editore, vol. 2010(3), pages 189-200.
  12. Arndt, Sven W. & Kierzkowski, Henryk (ed.), 2001. "Fragmentation: New Production Patterns in the World Economy," OUP Catalogue, Oxford University Press, number 9780199243310, Octomber.
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Citations

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Cited by:
  1. Schilirò, Daniele, 2012. "Italian medium-sized enterprises and the fourth capitalism," MPRA Paper 41399, University Library of Munich, Germany.
  2. Daniele Schilirò & Giuseppe Timpanaro, 2012. "L’esperienza dei distretti produttivi in Sicilia nel triennio 2007-2010: un’analisi per macrosettori," CRANEC - Working Papers del Centro di Ricerche in Analisi economica e sviluppo economico internazionale crn1201, Università Cattolica del Sacro Cuore, Centro di Ricerche in Analisi economica e sviluppo economico internazionale (CRANEC).
  3. Musca, Maria & Schilirò, Daniele, 2012. "An investigation into medium-sized multinational enterprises," MPRA Paper 43012, University Library of Munich, Germany.
  4. Schilirò, Daniele, 2013. "Diversification and development of the UAE’s economy," MPRA Paper 47089, University Library of Munich, Germany.
  5. Daniele SCHILIRÒ, 2013. "Diversification And Development Of The United Arab Emirates' Economy," Journal of Applied Economic Sciences Quarterly, ASERS Publishing, vol. 0(2), pages 228-239, July.
  6. Schilirò, Daniele, 2013. "I patti di sviluppo dei distretti produttivi in Sicilia: 2011-2013
    [The development pacts of productive districts in Siciliy: 2011-2013]
    ," MPRA Paper 43678, University Library of Munich, Germany.

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