The paper explores the relation between innovation investments and internationalization choices of Italian firms. To this end, we rely on an integrated dataset that combines the Indagine sulle Imprese Manifatturiere carried out by the Unicredit Bank with publicly available company accounts for the period 2004-2006 to estimate a multinomial Probit model. This methodology allows studying how innovation affects different modes of internalization. Our results suggest that the various channels of international involvement are positively associated with both having carried out innovative and ICT investments. As expected, this finding can be traced to the positive impact of these variables on firm productivity, which permits more internationalized firms to exploit market opportunities compared to domestic firms.
Innovation and firm internationalization: evidence from Italy
FEDERICI, Daniela
;PARISI, Valentino
2017-01-01
Abstract
The paper explores the relation between innovation investments and internationalization choices of Italian firms. To this end, we rely on an integrated dataset that combines the Indagine sulle Imprese Manifatturiere carried out by the Unicredit Bank with publicly available company accounts for the period 2004-2006 to estimate a multinomial Probit model. This methodology allows studying how innovation affects different modes of internalization. Our results suggest that the various channels of international involvement are positively associated with both having carried out innovative and ICT investments. As expected, this finding can be traced to the positive impact of these variables on firm productivity, which permits more internationalized firms to exploit market opportunities compared to domestic firms.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
