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Italian medium-sized enterprises and the fourth capitalism

Author

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  • Schilirò, Daniele

Abstract

The work addresses the issue of Italian medium-sized enterprises of the fourth capitalism. The question is whether this business model is going to last and actually represent a new model for global competition. This contribution examines the features of the model of the medium industrial enterprise. It also investigates the performance of the Italian medium-sized enterprises, comparing with large companies. The analysis of the data, albeit at a descriptive level using data published by Mediobanca-Unioncamere, allows to take some significant features of these enterprises. The analysis of the business model of medium Italian enterprises highlights the low use of capital, the local roots, the importance of product innovation, the differentiation of products, the customer service, flexibility, specialization of production and internationalization. An important aspect stressed in the work is that the processes of innovation and internationalization that underlie the strategies of medium-sized companies require a strong collaboration with the institutions. Therefore, medium-sized enterprises need institutions, especially institutions that work. Lastly, medium Italian enterprises suffer from high taxation compared to their competitors.

Suggested Citation

  • Schilirò, Daniele, 2012. "Italian medium-sized enterprises and the fourth capitalism," MPRA Paper 41399, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:41399
    as

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    File URL: https://mpra.ub.uni-muenchen.de/41399/2/MPRA_paper_41399.pdf
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    References listed on IDEAS

    as
    1. Schilirò, Daniele, 2005. "Economia della conoscenza,istituzioni e sviluppo economico
      [Knowledge-based economy, institutions and economic development]
      ," MPRA Paper 31492, University Library of Munich, Germany.
    2. Schilirò, Daniele & Musca, Maria, 2010. "Le medie imprese multinazionali del “quarto capitalismo”
      [Medium sized multinationals of "fourth capitalism"]
      ," MPRA Paper 78946, University Library of Munich, Germany.
    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. Daniele SCHILIRO, 2011. "Innovation And Performance Of Italian Multinational Enterprises Of The "Fourth Capitalism"," Journal of Advanced Research in Management, ASERS Publishing, vol. 0(2), pages 89-103, December.
    5. Ivan O. Kitov, 2011. "The Evolution Of Firm Size Distribution," Theoretical and Practical Research in Economic Fields, ASERS Publishing, vol. 0(1), pages 86-93, June.
    6. Hubert Escaith, 2010. "Global Supply Chains and the Great Trade Collapse: Guilty or Casualty?," Theoretical and Practical Research in Economic Fields, ASERS Publishing, vol. 0(1), pages 27-41, June.
    7. Daniele SCHILIRÒ, 2012. "Knowledge-Based Economies And The Institutional Environment," Theoretical and Practical Research in Economic Fields, ASERS Publishing, vol. 0(1), pages 42-50, June.
    8. Daniele Schilirò, 2007. "Knowledge, Learning, Networks and Performance of Firms in Knowledge-Based Economies," CRANEC - Working Papers del Centro di Ricerche in Analisi economica e sviluppo economico internazionale crn0702, Università Cattolica del Sacro Cuore, Centro di Ricerche in Analisi economica e sviluppo economico internazionale (CRANEC).
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Musca, Maria & Schilirò, Daniele, 2012. "An investigation into medium-sized multinational enterprises," MPRA Paper 43012, University Library of Munich, Germany.

    More about this item

    Keywords

    medium-sized enterprises; fourth capitalism; knowledge; innovation; internationalization;

    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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