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

Le Medie Imprese Multinazionali del Quarto Capitalismo

Listed author(s):
  • Daniele Schilirò


  • Maria Musca


The paper provides an analysis of the internazionalization of medium-size italian industrial enterprises that aims to become multinational companies. This work takes inspiration from the essay by Mariotti and Mutinelli (2009) on the evolution of italian multinational enterprises and the role of “fourth capitalism”, but it differs from essay of these authors because it adopts different databases and it looks at many other variables apart from employment, which is instead the only variable used by Mariotti and Mutinelli. Moreover the present paper concentrates specifically on industrial multinational firms of “fourth capitalism”, that is the set of the medium and medium- large firms that mostly grow in the foreign markets either through exports or through foreign direct investment. It also offers an empirical descriptive picture regarding the performance of medium-size italian multinational enterprises with respect to large multinational companies and also against those medium size enterprises that are not multinational companies because they are poorly equipped to deal with the internationalization process in its complexity and its risks. However, the descriptive analysis provided allow us to draw a profile of medium-sized multinational companies characterized by a complex strategy towards internationalization, where innovation has a key role, but equally important are the flexibility and specialization in production, since even these latter elements guide the choices to invest and produce abroad. But it is also important the commercial dimension, that leads to point to the direct supervision of foreign markets and looking very carefully to customers, offering them a wide range of services. Finally the paper points out some critical issues such as high taxation, insufficient institutional support for internationalization, the high external costs, such as energy, lack of skilled human capital available in the labor market due to inadequate policy training.

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: no

Paper provided by Università Cattolica del Sacro Cuore, Centro di Ricerche in Analisi economica e sviluppo economico internazionale (CRANEC) in its series CRANEC - Working Papers del Centro di Ricerche in Analisi economica e sviluppo economico internazionale with number crn1002.

in new window

Date of creation: 2010
Handle: RePEc:crn:wpaper:crn1002
Contact details of provider: Postal:
via Necchi, 5 (5o piano), 20123 Milano

Phone: 02.7234.2474
Fax: 02.7234.2475
Web page:

More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

in new window

  1. Giorgio Barba Navaretti & Matteo Bugamelli & Fabiano Schivardi & Carlo Altomonte & Daniel Horgos & Daniela Maggioni, . "The global operations of European firms - The second EFIGE policy report," Blueprints, Bruegel, number 581.
  2. Elhanan Helpman, 2006. "Trade, FDI, and the Organization of Firms," Journal of Economic Literature, American Economic Association, vol. 44(3), pages 589-630, September.
  3. Daniele Schilirò, 2008. "I distretti industriali in Italia quale Modello di Sviluppo Locale: Aspetti evolutivi, potenzialità e criticità," CRANEC - Working Papers del Centro di Ricerche in Analisi economica e sviluppo economico internazionale crn0803, Università Cattolica del Sacro Cuore, Centro di Ricerche in Analisi economica e sviluppo economico internazionale (CRANEC).
  4. Thierry Mayer & Gianmarco Ottaviano, 2008. "The Happy Few: The Internationalisation of European Firms," Intereconomics: Review of European Economic Policy, Springer;German National Library of Economics;Centre for European Policy Studies (CEPS), vol. 43(3), pages 135-148, May.
Full references (including those not matched with items on IDEAS)

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:crn:wpaper:crn1002. 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: (Paolo Valentini)

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.