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Heterogeneity in Managerial Strategies and Internationalization of Firms: the case of Italy

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Abstract

The recent empirical literature on firms’ performance has focused on the multidimensional concept of firms’ managerial strategies. In this paper, we analyze the relationship between firms’ managerial strategies and firms’ performance, accounting for entrepreneur’s specific characteristics, firm’s strategies, organizational capabilities. We also emphasize the role of firms’ internationalization mode. We match and merge three different datasets for Italy, the Capitalia survey, ICE-Reprint and AIDA for the period 2001-2003 and investigate a possible non-linear impact of managerial strategies on firms’ erformance. The specific characteristics of the entrepreneur do not seem to significantly affect firms’ performance, while the mode of internationalization plays a role. We find evidence of some important non linearities when we single out the role of skilled workers and managers in determining firm’s success in highly competitive markets.

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  • Giorgia Giovannetti & Giorgio Ricchiuti & Margherita Velucchi, 2010. "Heterogeneity in Managerial Strategies and Internationalization of Firms: the case of Italy," Working Papers - Economics wp2010_04.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    • Handle: RePEc:frz:wpaper:wp2010_04.rdf
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    1. Andrew B. Bernard & J. Bradford Jensen & Stephen J. Redding & Peter K. Schott, 2007. "Firms in International Trade," Journal of Economic Perspectives, American Economic Association, vol. 21(3), pages 105-130, Summer.
    2. Nicholas Bloom & John Van Reenen, 2007. "Measuring and Explaining Management Practices Across Firms and Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 122(4), pages 1351-1408.
    3. Giorgia Giovannetti & Giorgio Ricchiuti & Margherita Velucchi, 2011. "Size, innovation and internationalization: a survival analysis of Italian firms," Applied Economics, Taylor & Francis Journals, vol. 43(12), pages 1511-1520.
    4. Ahmed Abdel-Maksoud & Takayuki Asada & Masaru Nakagawa, 2008. "Performance measures, managerial practices and manufacturing technologies in Japanese manufacturing firms: state-of-the-art," International Journal of Business Performance Management, Inderscience Enterprises Ltd, vol. 10(1), pages 1-16.
    5. Favero, Carlo A. & Panunzi, Fausto & Giglio, Stefano & Honorati, Maddalena, 2006. "The Performance of Italian Family Firms," CEPR Discussion Papers 5786, Centre for Economic Policy Research.
    6. Davide Castellani & Giorgia Giovannetti, 2010. "Productivity and the international firm: dissecting heterogeneity," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 13(1), pages 25-42.
    7. Thierry Mayer & Gianmarco Ottaviano, 2008. "The Happy Few: The Internationalisation of European Firms," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 43(3), pages 135-148, May.
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    2. Valeria Gattai, 2015. "Internationalisation and performance at the firm-level: what we learn from Italy," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 42(4), pages 475-509, December.

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    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • F1 - International Economics - - Trade
    • F2 - International Economics - - International Factor Movements and International Business
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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