Territorial capital as a company intangible

Abstract

The purpose of this paper is twofold. First, to explore to what extent being located in a territory is value-relevant for a company. Second, to understand if a company is aware of, and how it can sustain, the territorial tangible and intangible assets present in the economic area in which it is located. Design/methodology/approach – The study presents an empirical multiple case-study, investigating ten mid-/large-sized Italian companies in manufacturing sectors.\ud The results indicate that the sampled manufacturing companies are intertwined with the environment in which they are embedded, both in their home country and in host ones. The domestic territorial capital has provided, and still provides, enterprises with workers endowed with the necessary technical skills that they can have great difficulty in finding in other places. In turn, companies support territorial capital generation through their activities

Innovation Centric Knowledge Commons—A Systematic Literature Review and Conceptual Model

“…The themes Intellectual Capital [57], and scientific anti-commons [50] are related to treating knowledge as an intellectual asset and deal with different approaches to manage knowledge to foster innovation. The concept of Industry Commons [51,63,64] has the same underlying principle of collaboration advocate in the Regional Innovation Systems [28].…”

“…Similar to the knowledge cities theme, the advantage of territorial colocation is presented in the literature on industrial commons [63,64]. Industrial Commons is derived from natural-resource commons by modifying the attributes to suit the industrial workplace regime.…”

“…Global Commons [77] National intellectual capital: comparison of the Nordic countries Industrial Commons [64] Territorial capital as a company intangible Industrial Commons [51] Intellectual property rights and knowledge sharing across countries Peripheral: Generic Knowledge Commons (n = 12)…”

Territorial capital in local economic endogenous development

“…However, compared to small medium enterprises (SMEs), multinational and large companies are more likely to turn more easily to extra-local resources, while having, at the same time, a stronger power to shape the local environment. For instance, Barzotto, Corò, and Volpe (2016) show that multinational companies stimulate the accumulation of territorial capital favouring, for example, the agglomeration of specialized companies and labour pools of trained workers.…”

Apertura internazionale e capitale territoriale: gli investimenti esteri come nuovo fattore di crescita dei distretti industriali

“…Anche le istituzioni localiin particolare quelle educative, associative e del creditorisentivano di queste dinamiche, contribuendo a regolare la concorrenza e adattando l'offerta in base a obiettivi condivisi di crescita professionale e sviluppo industriale. All'interno dei distretti si è così andato accumulando un "capitale territoriale" che ha contribuito in misura rilevante ad accrescere la competitività delle imprese sui mercati internazionali (Barzotto, Corò and Volpe, 2016).…”