The analysis of the persistence of profits has long been a controversial issue within empirical industrial organisation literature. The aim of our paper is to provide new empirical findings that may account for patterns of both sectoral and firm profit persistence. The distinctive feature of our...

This paper provides a methodological analysis of credit risk in manufacturing firms by using two different credit scoring approaches. The first is the traditional discriminant approach (DA) for bankruptcy prediction based on a logistic regression model, whereas the second, Data Envelopment...

This paper provides a methodological analysis of credit risk in manufacturing firms by using two different credit scoring approaches. The first is the traditional discriminant approach for bankruptcy prediction based on a logistic regression model, whereas the second, data envelopment analysis,...

This paper provides an empirical investigation of the impact of innovation on firms' economic performance pinpointing complementarities between product and marketing innovation during the period 1998-2008. Firms' profitability and productivity are simultaneously estimated, thus allowing for...

This paper provides new evidence of the short and long-run effects of innovation on firms’ economic performance by exploiting an innovative panel database which for the first time links three waves of the Italian Community Innovation Survey with an administrative, economic and financial data...

It is widely recognized that a firm’s financial behaviour is the result of a complex mix of conditions, both internal and external to the firm; these may affect its investment decisions and its growth opportunities. This paper offers a twofold contribution to the empirical debate on the...

<em>Small Area Estimation and the Labour Market in Lombardy’s Industrial Districts: a Methodological Approach </em> The aim of this study is to provide estimates of employment and unemployment for Lombardy’s industrial districts, which are under-represented in the Italian Labour Force Survey. The...