IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Capitale umano dei fondatori, endogeneità del finanziamento pubblico e crescita delle giovani imprese hi-tech italiane

Listed author(s):
  • Barbara Ermini
Registered author(s):

    This paper presents an empirical analysis of the determinants of the growth of 510 Italian NTBF during the time span 1990-2001. Firstly, it considers the relation among growth, size and age of firms. Secondly, it focuses on the role that human capital of founders and selective public funds play in determining firm growth addressing the consequences of potential endogeneity of public subsides to human capital of founders. Results show that smaller firms grow quickly. Contrary to common evidence, age impact positively on firm growth; industry-specific characteristics can explain this result. Firm growth is also influenced by those characteristics of founders related to their "vocational" attitude, as proxied by the academical choice, and to their inter-industry work experience. Once correcting for potential endogeneity of public subsides, we demonstrate that they do not favor the growth of NTBFs. There is evidence of self-selection on the access to public subsides by the most capable founders.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: Single articles can be downloaded buying download credits, for info:

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by FrancoAngeli Editore in its journal STUDI ECONOMICI.

    Volume (Year): 2008/96 (2008)
    Issue (Month): 96 ()
    Pages: 73-107

    in new window

    Handle: RePEc:fan:steste:v:html10.3280/ste2008-096003
    Contact details of provider: Web page:

    Order Information: Web: Email:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:fan:steste:v:html10.3280/ste2008-096003. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Angelo Ventriglia)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.