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The heterogeneity of the development process of new technology-based firms

Author

Listed:
  • Ugo Rizzo
  • Francesco Nicolli
  • Laura Ramaciotti

Abstract

This work investigates the variety of development processes of start up firms in a regional setting. The existing literature on entrepreneurship lacks accurate analysis of the processes that lead an idea of business to become an established firm. The present paper moves one step towards filling this gap by dynamically investigating the process development of a self-contained population of 78 new technology based firms (NTBFs) in the North Italian region of Emilia-Romagna. By clustering the firms in similar organisational configurations at three different points in time, the results show that it is possible to observe that firms develop along different, sometimes overlapping paths. Our findings contributes to the understanding of the dynamics of the entrepreneurial process and lead to important policy implications.

Suggested Citation

  • Ugo Rizzo & Francesco Nicolli & Laura Ramaciotti, 2012. "The heterogeneity of the development process of new technology-based firms," Working Papers 201213, University of Ferrara, Department of Economics.
    • Handle: RePEc:udf:wpaper:201213
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    More about this item

    Keywords

    Entrepreneurship; Firm development process; New technology-based firms; Start-ups; Regional policies; Cluster analysis;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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