This paper studies how family firms reacted to the 2008 economic crisis in terms of employment adjustment. By using a difference-in-difference approach, we provide empirical evidence that divergent paths of adjustment between family and non-family firms exist, with family firms systematically...

This paper studies how family firms reacted to the 2008 economic crisis by adjusting employment. In particular, we look at how the geographical distribution of the workforce may have led to divergencies between family and non-family firms. Using a difference-in-difference approach, we provide...

This paper investigates the role played by hyper-depreciation of tangible assets, a fiscal incentive introduced for the first time by the Italian Government in 2017, in sustaining private investments in advanced digital technologies, and, indirectly, in affecting firms' labor demand. By making...

Italian manufacturing steadily ranks seventh in the world for value added, fourth for production diversification and second for export competitiveness, and has a higher investment rate than its main European competitors, including Germany. However, it is also characterized by a long-lasting weak...