Ownership structure, innovation process and competitive performance the case of Italy.pdf英文资料.pdfVIP

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Ownership structure, innovation process and competitive performance the case of Italy.pdf英文资料.pdf

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C E S P R I Centre for Research on Innovation and Internationalisation Processes Università Commerciale Luigi Bocconi via R. Sarfatti 25 - 20136 Milan, Italy tel. 02 5836.3397 - fax 02 5836.3399 http://www.cespri.uni-bocconi.it/ Maria Rosa Battaggion, Lucia Tajoli OWNERSHIP STRUCTURE, INNOVATION PROCESS AND COMPETITIVE PERFORMANCE: THE CASE OF ITALY WP n. 120 november 2000 Ownership Structure, Innovation Process and Competitive Performance: the case of Italy ** M.R.Battaggion , L.Tajoli Paper prepared for the Corporate Governance and Investment Project Workshop , Aarhus, 13-14 November 1999 Maria Rosa Battaggion, Università Bocconi, Istituto di Economia Politica, via San Mansueto 2, 20135 Milano, Italy; e-mail: mariarosa.battaggion@uni-bocconi.it. ** Lucia Tajoli, Dipartimento di Economia e Produzione, Politecnico di Milano, piazza Leonardo da Vinci 32, 20133 Milano, Italy; e-mail:lucia.tajoli@polimi.it Abstract The Italian industrial sector is characterized by a number of peculiarities compared to other advanced countries. One of these is the small average size of its firms. This particular model of organization of production, based on the small dimension and often on informal relationships within and outside the firm, guarantees flexibility and a high degree of specialization, two key factors of the Italian economic performance. But this model presents some limits too, one being related to the ownership structure and governance of fi