Do R&D activities foster globalization of young innovative companies? Empirical evidence from the Italian energy industry |
| |
| Institution: | 1. Palm Beach Atlantic University, 901 S Flagler Dr, West Palm Beach, FL 33401, United States of America;2. University of Texas, Austin, College of Education, 1912 Speedway, Stop D5000, Austin, TX 78712, United States of America;1. Gran Sasso Science Institute, Viale F. Crispi, 7 - 67100 L''Aquila, Italy;2. LUISS Guido Carli University, Viale Romania, 32 - 00197 Rome, Italy;3. London School of Economics, Houghton Street, WC2A 2AE London, UK;1. School of Management, Northwestern Polytechnical University, Xi''an, Shaanxi 710072, PR China;2. Faculty of Economics and Management, Free University of Bozen/Bolzano, Universitätsplatz 1, 93100 Bozen/Bolzano, Italy;3. Asia School of Business, 50480 Kuala Lumpur, Malaysia;4. Leuphana University of Lüneburg, Universitaetsallee 1, 21335 Lüneburg, Germany;5. Department of Management and Organisation, NUS Business School, National University of Singapore, 15 Kent Ridge Drive, 119245, Singapore;1. Faculty of Economics, Oita University, 700 Dannoharu, Oita city, Oita 870-1192, Japan;2. Graduate School of Business and Finance, Waseda University, 1-6-1 Nishi-Waseda, Shinjuku-ku, Tokyo 169-8050, Japan;1. Leeds University Business School, University of Leeds, Leeds LS2 9JT, United Kingdom;2. Alliance Manchester Business School, University of Manchester, Booth Street West, Manchester M15 6PB, UK;3. Jilin University of Finance & Economics, Changchun 130117, China;4. School of International Trade and Economics, University of International Business and Economics, Beijing, China;1. Department of Sport Organization and Management, University of Peloponnese, Sparta, Greece;2. Department of Physical Therapy, University of Peloponnese, Sparta, Greece;3. University of Nicosia, Nicosia and Unicaf University, Larnaca, Cyprus |
| |
| Abstract: | Although executives and scholars interested in “globalization” and “R&D activities” mainly focus their attention on corporations, the relevance that young innovative companies – YICs are assuming is compelling them to redefine their focus. With reference to YICs, some scholars investigate the influence of globalization on R&D activities, while others inquire the impact of R&D activities on their globalization. This paper shares the second approach and sets out to investigate whether and to what extent R&D activities managed by YICs affect their globalization.By enacting Law n. 221/2012, the Italian Government has posed particular attention on YICs. Accordingly, primary and second-hand data concerning 2070 Italian YICs with high technological value in the energy industry – YICsei and 12,278 Italian YICs (operating in other industries) are used to carry out stochastic frontier analyses – SFAs. These allow testing whether R&D activities (measured through investments, personnel, and outputs) foster the globalization of these firms. SFAs reveal that none of the three factors affects the globalization of Italian YICsei; instead, R&D personnel and R&D outputs foster the globalization of Italian YICs.Achieved results open new research avenues about the impact of R&D activities on the globalization of YICs. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
