Cetrulo, Armanda; Cirillo, Valeria; Landini, Fabio - 2022
, specifically R&D. While standard hold-up theories predict a negative effect of organized labour on intangible investments, the …, including R&D. We exploit a rich and representative survey on Italian non-agricultural companies conducted by the National … second-level collective bargaining is associated with higher investments in R&D and that power relation is the main mechanism …