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Family management and Industry 4.0: Different effects in different geographical areas? An analysis of the less developed regions in Italy

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  • Marco Pini

    (Senior Economist, Unioncamere-Si.Camera, via Nerva, 1, 00199 Rome, Italy, e-mail: m.pini@sicamera.camcom.it)

Abstract

This paper tests the impact of different types of management within family businesses on digital innovation related to Industry 4.0 investments, from a geographical perspective. The data set consists of 3,000 Italian manufacturing small- and medium–sized enterprises. Using probit models, the results show that while in the more advanced area (center-north) external management affects the propensity for innovation significantly, in the less developed area (Southern Italy) external management requires an additional and simultaneous investment in R&D to drive a firm’s innovation. This suggests that innovation policy should define incentives that also help enhance new management business models and take into account behavioral features of different firms in relation to the level of the development of the geographical areas in which they operate.

Suggested Citation

  • Marco Pini, 2019. "Family management and Industry 4.0: Different effects in different geographical areas? An analysis of the less developed regions in Italy," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 15(3), pages 73-102.
    • Handle: RePEc:aae:journl:v:15:y:2019:i:3:p:73-102
    DOI: 10.7341/20191533
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    References listed on IDEAS

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    Cited by:

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    2. Basco, Rodrigo & Suwala, Lech, 2021. "Spatial familiness and family spatialities—searching for fertile ground between family business and regional studies," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 7-32.

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    More about this item

    Keywords

    family businesses; Industry 4.0; manufacturing; regions;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • L6 - Industrial Organization - - Industry Studies: Manufacturing
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods

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