Firm Productivity and Institutional Quality: Evidence From Italian Industry

Lasagni, Andrea; Nifo, Annamaria; Vecchione, Gaetano

doi:10.1111/jors.12203

Cited by 90 publications

(79 citation statements)

References 73 publications

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“…This result is in line with previous research that focused on the importance of institutions at the sub-national level (Tabellini, 2010;Ketterer & Rodríguez-Pose 2016;Rodríguez-Pose & Di Cataldo, 2014;Lasagni et al, 2015) (Note 13). Specifically for Italy, Lasagni et al (2015) focused on the Institutional Quality Index for Italian provinces and found that local institution quality does matter, as it proves to be one of the main drivers of firm productivity differentials. Similar results were found by Manzocchi, Quintieri, & Santoni (2014) and Aiello et al (2014) when using different indicators (Note 14) and methodologies (Note 15).…”

Section: Individually (Note 8)supporting

confidence: 82%

“…In spite of this apparent institutional homogeneity, differences exist in local government efficiency between the North and the South of the country. This peculiarity has inspired many scholars to look at the links between institutional quality and economic results, from the work of Putnam (1993) to many more recent contributions (among others, Charron, Djkstra, & Lapuente, 2014;Di Liberto & Sideri, 2015;Lasagni et al, 2015).…”

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confidence: 99%

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Family Firms and Productivity: The Role of Institutional Quality

Mannarino¹,

Pupo²,

Ricotta³

2016

IJBM

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The main aim of this research is to investigate the influence the institutional environment has on the difference in performance between Italian family firms run by a family member and firms run by a professional manager. By using total factor productivity (TFP) as a measure of performance, we find that family-run firms are less productive than firms run by outside managers when institutional quality is high, but that the results are less obvious when institutional quality is low. The difference in performance is not significant, but by using the level of corruption as a measure of institutional quality, older family firms are found to be more productive than firms run by outside managers.

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Section: Individually (Note 8)supporting

confidence: 82%

mentioning

confidence: 99%

Family Firms and Productivity: The Role of Institutional Quality

Mannarino¹,

Pupo²,

Ricotta³

2016

IJBM

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“…Studies that focus on interregional comparisons within countries find evidence of significant relationships between location specific resources and firm performance (Chan et al, 2010;Lasagni et al, 2015;Tamminen, 2016). Molina-Azorin et al (2010) analyzed Spanish service firms operating in 14 provinces using HLM and provide evidence for the importance of location effects (17.7%) in explaining firm profitability.…”

Section: Methodsmentioning

confidence: 99%

What drives firm profitability? A multilevel approach to the Spanish agri-food sector

Zouaghi¹,

Sánchez

Hirsch

2017

Span. j. agric. res.

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Strategic management research has demonstrated the importance of firm-and industry structure as drivers of firm profitability. However, less is known about how firms´ geographical locations affect profitability. Applying a multi-level approach of hierarchical linear modeling we estimated firm-, industry-, and region-specific effects on profitability of 3,273 agri-food firms operating in different Spanish districts over the time span 2006-2013. The results reveal the dominance of firm-specific effects which contribute up to 48.8% to variance in firm profitability while the contribution of industry effects (0.8-4.2%), geographical location (0.1-1.8%), and year effects (0.1-2.5%) is rather small. Moreover, firm size, risk, and innovative activity turn out as significant profit drivers at the firm level. Although firm-effects outweigh industry-and region-specific factors, the results indicate that industry concentration as well as regional education and unemployment influence profitability. In addition, proximity to technological institutes as well as the degree of urbanization of the region in which a firm operates can be drivers of profitability. Hence, despite the superiority of firm effects the results indicate that agri-food managers should also consider possible advantages from location-based resources in order to ensure competitiveness.Additional keywords: agri-food profits; firm-, industry-, and location effects; hierarchical linear model.

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“…However, there has been a long debate on the role played by public institutions on economic development [8,46,47,50]. Efendic et al (2011) [51] find evidences of a partial positive and significant impact of institutions on output levels, even though they argue that the robustness of the analysis is partially related to the model specification choices.…”

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confidence: 99%

The Impact of Institutional Quality and Efficient Cohesion Investments on Economic Growth Evidence from Italian Regions

Arbolino

Boffardi

2017

Sustainability

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Literature stresses that efficient institutions are necessary to achieve the highest returns from public policies. It has been recognized by the European Union (EU) that regional institutions have a fundamental role in obtaining the highest results from Cohesion and Structural investments, which represent the main fiscal and anticyclical instruments available for the regions. The paper aims at analyzing the impact of the quality of regional governments, and their management of EU cohesion funds on the economic growth of Italian regions. In order to measure the quality of institutions, we have combined the Institutional Quality Index (IQI) with a set of efficiency indexes, calculated in order to evaluate the ability of regional policymakers to manage European Funds. We conduct a two-way fixed effect panel regression model during the period between 2007 and 2015. The results underline that, in general, Cohesion investments and IQI are positively related to the regional growth; instead, efficiency indexes are important key factors mainly in the Southern area, characterized by structural weaknesses.

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Firm Productivity and Institutional Quality: Evidence From Italian Industry

Cited by 90 publications

References 73 publications

Family Firms and Productivity: The Role of Institutional Quality

Family Firms and Productivity: The Role of Institutional Quality

What drives firm profitability? A multilevel approach to the Spanish agri-food sector

The Impact of Institutional Quality and Efficient Cohesion Investments on Economic Growth Evidence from Italian Regions

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