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Managerial training and business transformation in Italian manufacturing firms. The Role of the National Recovery and Resilience Plan

Author

Listed:
  • Cucculelli, Marco
  • Giampaoli, Noemi
  • Menghini, Mirko
  • Pini, Marco
  • Renghini, Matteo

Abstract

This paper explores the role of the National Recovery and Resilience Plan (NRRP) as a driver for the reconfiguration of companies’ business profile in the Italian economy. Using a unique database containing information on 1779 Italian manufacturing firms, we find that the NRRP has stimulated a significant reconfiguration of their business profile. Interestingly, companies that invest in managerial training are more likely to fully leverage the opportunities created by the NRRP. In contrast, no effect is found for firms investing in general training or those with a high proportion of white-collar workers. These findings highlight the importance of managerial capabilities in enabling firms to navigate transformations and reshape their business profile accordingly.

Suggested Citation

  • Cucculelli, Marco & Giampaoli, Noemi & Menghini, Mirko & Pini, Marco & Renghini, Matteo, 2026. "Managerial training and business transformation in Italian manufacturing firms. The Role of the National Recovery and Resilience Plan," Structural Change and Economic Dynamics, Elsevier, vol. 78(C), pages 88-103.
  • Handle: RePEc:eee:streco:v:78:y:2026:i:c:p:88-103
    DOI: 10.1016/j.strueco.2026.03.004
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    Keywords

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    JEL classification:

    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy

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