Do R&D activities foster globalization of young innovative companies? Empirical evidence from the Italian energy industry

IF 5.9 2区管理学 Q1 MANAGEMENT

Journal of International Management Pub Date : 2023-08-01 DOI:10.1016/j.intman.2023.101043

Diego Matricano, Laura Castadi

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Abstract

Although executives and scholars interested in “globalization” and “R&D activities” mainly focus their attention on corporations, the relevance that young innovative companies – YICs are assuming is compelling them to redefine their focus. With reference to YICs, some scholars investigate the influence of globalization on R&D activities, while others inquire the impact of R&D activities on their globalization. This paper shares the second approach and sets out to investigate whether and to what extent R&D activities managed by YICs affect their globalization.

By enacting Law n. 221/2012, the Italian Government has posed particular attention on YICs. Accordingly, primary and second-hand data concerning 2070 Italian YICs with high technological value in the energy industry – YICsei and 12,278 Italian YICs (operating in other industries) are used to carry out stochastic frontier analyses – SFAs. These allow testing whether R&D activities (measured through investments, personnel, and outputs) foster the globalization of these firms. SFAs reveal that none of the three factors affects the globalization of Italian YICsei; instead, R&D personnel and R&D outputs foster the globalization of Italian YICs.

Achieved results open new research avenues about the impact of R&D activities on the globalization of YICs.

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研发活动是否促进了年轻创新公司的全球化?来自意大利能源行业的经验证据

尽管对“全球化”和“研发活动”感兴趣的高管和学者主要将注意力集中在企业上，但年轻的创新型公司（YIC）所承担的相关性迫使他们重新定义自己的重点。一些学者参照YIC研究了全球化对R&；D活动，而其他人则询问R&；D关于其全球化的活动。本文分享了第二种方法，并着手研究R&；YIC管理的D活动影响了它们的全球化。意大利政府颁布了第221/2012号法律，对YIC给予了特别关注。因此，使用2070家意大利能源行业具有高技术价值的YICsei和12278家意大利YIC（在其他行业运营）的原始和二手数据进行随机前沿分析-SFA。这些允许测试R&；D活动（通过投资、人员和产出衡量）促进了这些公司的全球化。SFAs表明，这三个因素都不影响意大利YICsei的全球化；相反，R&；研发人员和研发人员；D产出促进了意大利YIC的全球化。所取得的成果为研究R&；关于YIC全球化的D活动。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of International Management MANAGEMENT-

自引率

9.80%

发文量

审稿时长

81 days

期刊介绍： The Journal of International Management is devoted to advancing an understanding of issues in the management of global enterprises, global management theory, and practice; and providing theoretical and managerial implications useful for the further development of research. It is designed to serve an audience of academic researchers and educators, as well as business professionals, by publishing both theoretical and empirical research relating to international management and strategy issues. JIM publishes theoretical and empirical research addressing international business strategy, comparative and cross-cultural management, risk management, organizational behavior, and human resource management, among others.