Strategie E Performance Delle Imprese Familiari Negli Anni Della Crisi (Strategies and Performance of Family firms in the Years of the Crisis)

Economia Italiana, No. 1, 2014

21 Pages Posted: 27 Apr 2014 Last revised: 29 Apr 2014

See all articles by Leandro D'Aurizio

Leandro D'Aurizio

Bank of Italy

Tommaso Oliviero

CSEF - University of Naples Federico II - Department of Economic and Statistical Sciences; CSEF; CefES; MoFiR

Livio Romano

Confindustria

Date Written: April 24, 2014

Abstract

Italian Abstract: Con particolare riferimento al periodo 2007-2012, questo lavoro analizza le principali caratteristiche delle imprese familiari in Italia, in termini di scelte occupazionali, accesso al finanziamento bancario, strategie di innovazione e di internazionalizzazione. L’analisi comparativa su un campione rappresentativo di imprese medio-grandi non fa emergere criticità specifiche legate alle imprese familiari, nel confronto con imprese a proprietà diffusa. Al contrario, l’orizzonte temporale più lungo che caratterizza il commitment della famiglia controllante sembrerebbe aver contribuito a mitigare, almeno parzialmente, gli effetti negativi della recente crisi economica.

English Abstract: Focussing on the period 2007-2012, this paper analyzes the main characteristics of Italian family firms, in terms of employment policies, access to bank financing, innovation and internationalization strategies. The comparative analysis on a representative sample of medium-large companies does not reveal specific weaknesses of family owned businesses compared to non-family ones. On the contrary, the longer time horizon that characterizes the family commitment to the firm has mitigated, at least partially, the adverse consequences of the recent crisis.

Note: Downloadable document is in Italian.

Keywords: Family Firms, Financial Crisis, Employment, Bank credit, Innovation

JEL Classification: D22, G21, G32

Suggested Citation

D'Aurizio, Leandro and Oliviero, Tommaso and Romano, Livio, Strategie E Performance Delle Imprese Familiari Negli Anni Della Crisi (Strategies and Performance of Family firms in the Years of the Crisis) (April 24, 2014). Economia Italiana, No. 1, 2014, Available at SSRN: https://ssrn.com/abstract=2428677

Leandro D'Aurizio

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Tommaso Oliviero (Contact Author)

CSEF - University of Naples Federico II - Department of Economic and Statistical Sciences ( email )

Via Cintia 26
Napoli
Italy

CSEF ( email )

Via Cintia
Complesso Monte S. Angelo
Napoli, Naples 80126
Italy

CefES ( email )

U6 Building
Viale Piero e Alberto Pirelli, 22
Milano, 20126
Italy

MoFiR ( email )

Piazzale Martelli, 8
Ancona, 60100
Italy

Livio Romano

Confindustria ( email )

Viale dell'astronomia 30
Rome, 00144
Italy
+39 065903657 (Phone)

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