Purpose: The purpose of this paper is to contribute to innovation and family business literature by establishing whether institutional involvement of private equity (PE) and banks in family firms moderates the relationship between family ownership and research and development (R&D) investment....

In recent decades firms have stepped up cooperation in R&D to improve their innovation capability by exploiting the external knowledge. Using data from the Community Innovation Survey, this paper analyzes the effect of cooperation on the propensity to innovate of Italian firms. Overall, the main...

The purpose of this paper is to explore the differentiated impact of demand-pull and technology-push policies in shaping technological patterns in the biofuels sector. The empirical analysis is based on a novel and original database (BioPat) containing patents in the field of biofuels selected...

This paper investigates the role of venture capitalists in Italian Initial Public Offerings (IPOs). Between 1999 and 2012, venture capital (VC) backed IPOs are on average less underpriced than non-VC-backed IPOs. By using both matching methods and a regression-based approach to account for the...

This paper aims to identify the factors that result in cooperation in R&D in high-tech industrial sectors. Our research focused on Italian technological districts created under a specific public policy to promote innovation and regional economic development. The most interesting results concern...