Publication
Assessing the italian innovative start-ups performance with a composite index
| dc.contributor.author | Onesti, Gianni | |
| dc.contributor.author | Monaco, Eleonora | |
| dc.contributor.author | Palumbo, Riccardo | |
| dc.date.accessioned | 2022-12-21T17:37:12Z | |
| dc.date.available | 2022-12-21T17:37:12Z | |
| dc.date.issued | 2022-12-12 | |
| dc.description.abstract | This paper aims to assess the profitability and employees’ productivity of Italian innovative start-ups with a new composite index: the Start-ups Performance score (SP-score). In recent years, the Italian government has made several efforts to foster the economy, establishment, and growth of start-ups. Specifically, the issuing of the Italian Start-up Act in 2012 offers a unique opportunity to examine the Italian setting, given the special conditions that the government granted to the start-ups. The latter obtain generic benefits, tax reductions and hiring facilitations if they meet specific criteria granting the status (label) of “innovative” by law. Based on a sample of Italian start-ups firms (ISPs) and financial statement data for the period 2016–2020, we test whether the performance of the Italian start-ups which are granted the status of “innovative” is higher compared to start-ups without the mentioned status (NISPs). We measure the firm’s performance by building a composite index which synthesizes both profitability and employees’ productivity (controlling for the firms’ size), and find that the ISPs report higher SP-score compared to the NISPs. In addition, we examine whether the SP-score is higher (or lower) among Innovative start-ups located in different regional areas. The derivation of the composite indicator (SP-score) allows a clear and effective evaluation of several characteristics, permitting a more comprehensive understanding of the data that support the strategic choices of management and localization entrepreneurship policies. In addition, our study highlights a certain homogeneity of innovative start-ups’ performance among the Italian territories, which overcomes the classic dualistic division between Northern and Southern regions. | pt_PT |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.doi | 10.3390/admsci12040189 | pt_PT |
| dc.identifier.eid | 85144685551 | |
| dc.identifier.issn | 2076-3387 | |
| dc.identifier.uri | http://hdl.handle.net/10400.14/39632 | |
| dc.identifier.wos | 000902040700001 | |
| dc.language.iso | eng | pt_PT |
| dc.peerreviewed | yes | pt_PT |
| dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | pt_PT |
| dc.subject | Innovative start-ups | pt_PT |
| dc.subject | Entrepreneurship | pt_PT |
| dc.subject | Start-ups performance | pt_PT |
| dc.subject | Composite indicators | pt_PT |
| dc.subject | Financial statement analysis | pt_PT |
| dc.title | Assessing the italian innovative start-ups performance with a composite index | pt_PT |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| oaire.citation.issue | 4 | pt_PT |
| oaire.citation.title | Administrative Sciences | pt_PT |
| oaire.citation.volume | 12 | pt_PT |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | article | pt_PT |