Mixed consequences of government aid for new venture creation: Evidence from Italy

Journal of Management and Governance

Volumn 3, Issue 3, 1999, Pages 287-305

  Maggioni, Vincenzo ^a   Sorrentino, Mario ^b   Williams, Mary ^c  

^a SECOND UNIVERSITY OF NAPLES   (Italy)

^b UNIVERSITY OF SALERNO   (Italy)

^c WIDENER UNIVERSITY   (United States)

Author keywords

Aided and non aided new firms; New venture creation; Post entry performance; Public programs for entrepreneurship; Start up

Indexed keywords

EID: 34548381037     PISSN: 13853457     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1009922725925     Document Type: Article

References (75)

1. Aldrich, H. and E. Auster: 1986, Even Dwarfs Started Small: Liabilities of Age and Size and Their Strategic Implications, in L. Cummings and B. Staw (eds.), Research in Organizational Behaviour (Greenwich, CT: JAI Press).
2. Aldrich, H.: 1995, Entrepreneurial Strategies in New Organization Populations, in I. Bull, H. Thomas and G. Willard (eds.), Entrepreneurship. Perspectives on Theory Building (Pergamon).
3. Arrighetti, A.: 1991, La mortalità delle imprese e l'ipotesi di selezione naturale, Economia e Politica Industriale 72: 57-83.
4. Baird, I.S. and Thomas, H.: 1985, Toward a Contingency Model of Strategic Risk Taking, Academy of Management Review 30(1): 51-66.
5. Birch, D.: 1979, Job Creation in America (New York, NY: The Free Press).
6. Birley, S.: 1986, The Role of New Firms: Births, Deaths, and Job Generation, Strategic Management Journal 7(4): 361-376.
7. Block, Z. and I.C. MacMillan: 1985, Milestones for Successful Venture Planning, Harvard Business Review 636(5): 184-196.
8. Block, Z. and I.C.MacMillan: 1993, Corporate Venturing: Creating New Businesses within the Firm (Boston, MA: Harvard Business School Press).
9. Brito, P. and A. Mello: 1995, Financial Constraints and Firm Post-entry Performance, International Journal of Industrial Organization 13(4): 543-565.
10. Bruderl, J. and Schussler, R.: 1990, Organizational Mortality: The Liability of Newness and Adoloscence, Administrative Science Quarterly 35(3): 530-547.
11. Buttà, C.: 1995, Condizioni e fattori per la diffusione dell'imprenditorialità nel Mezzogiorno, Atti del Convegno Dall'azienda protetta all'azienda competitiva: i modelli imprenditoriali emergenti nell'economia italiana. Accademia Italiana di Economia Aziendale. Bologna: Clueb.
12. Cafferata, R.: 1990, Gli incentivi alla formazione di piccole imprese nelle politiche pubbliche per il Mezzogiorno: Problemi e prospettive, Piccola Impresa/Small Business 1: 65-85.
13. Carrol, G.R. and M.T. Hannan: 1989, Density Delay in the Evolution of Organizational Populations: A Model and Five Empirical Tests, Administrative Science Quarterly 34(3): 411-430.
14. Carter, R.B. and H. Van Auken: 1990, Personal Equity Investment and Small Business Financial Difficulties, Entrepreneuriship Theory and Practice 15(2): 51-60.
15. Castrogiovanni, G.J.: 1996, Pre-start-up Planning and the Survival of New Small Firms, Journal of Management 22(6): 801-823.
16. Chrisman, J.J., and J. Leslie: 1989, Strategic, Administrative, and Operating Problems: The Impact of Outsiders on Small Firm Performance, Entrepreneurship Theory and Practice 13(2): 37-51.
17. Contini, B., and Revelli, R.: 1986, Natalità e mortalità delle imprese italiane: risultati preliminari e nuove prospettive di ricerca, L=Industria 7(2): 195-232.
18. Cooper, A.C., F.J. Gimeno-Gascon and C.Y. Woo: 1994, Initial Human and Financial Capital as Predictors of New Venture Performance, Journal of Business Venturing 9(5): 371-395.
19. Corò, G. and E. Rullani: 1998, Neo-imprenditorialità e politiche regionali per l'innovazione: l'applicazione della legge 44/86 in contesti a sviluppo diffuso, Piccola Impresa/Small Business 1: 15-45.
20. th Entrepreneurship Doctoral Consortium, Academy of Management Meeting, San Diego, USA.
21. Dickenson, R.: 1981, The Business Failure Rate, American Journal of Small Business 5: 17-25.
22. ENSR: 1994, The European Observatory for SMEs: First Annual Report. Foetermeer, The Netherlands: European Observatory for SME Research and EIM Small Business Research and Consultancy.
23. Evans, D.S. and B. Jovanovic: 1989, An Estimated Model of Entrepreneurial Choice under Liquidity Constraints, Journal of Political Economy 97(4): 808-827.
24. Fichman, M. and D.A. Levinthal: 1991, Honeymoons and the Liabilities of Adoloscence: A New Perspective on Duration Dependence in Social and Organizational Relationships, Academy of Management Review 16(2): 442-468.
25. Gibbs, A. and M. Scott: 1985, Strategic Awareness, Personal Commitment and the Process of Planning in the Small Business, Journal of Management Studies 22(6): 597-631.
26. GPO: 1996, The State of Small Business: A Report of the President (Washington, DC: United States Government Printing Office).
27. Hambrick, D.C. and I.C. MacMillan: 1984, Asset Parsimony: Managing Assets to Manage Profits, Sloan Management Review 25(2): 67-74.
28. Hisrich, R.D.: 1988, New Business Formation Through the Enterprise Development Center: A Model for New Venture Creation, IEEE Transactions on Engineering Management 35(4): 221-231.
29. Huallachain, B.O. and M.A. Satterthwaite: 1992, Sectoral Growth Patterns at the Metropolitan Level: An Evaluation of Economic Development Incentives, Journal of Urban Economics 31(1): 25-58.
30. Kirzner, I.: 1985, Entrepreneurship and American Competition, in S.M. Butler and W. Dennis (eds.), Entrepreneurship: The Key to Economic Growth (Heritage Foundation and National Federation of Independent Business).
31. Lamberson, M. and C. Johnson: 1992, Financing Experiences of Small Manufacturers in Arkansas: Survey and Analysis, Economic Development Review 10(2): 62-66.
32. Lipparini, A. and M. Sobrero: 1994, The Glue and the Pieces: Entrepreneurship and Innovation in Small-firm Network, Journal of Business Venturing 9(1): 125-140.
33. Lipparini, A. and M. Sobrero: 1997, Coordinating Multi-firms Innovative Processes. Entrepreneurs as Catalysts in Small-firm Networks, in M. Eber (ed.), The Formation of Inter-organizational Networks (Oxford: Oxford University Press).
34. MacMillan, I.C., and M.B. Low: 1986, Techniques of the Habitual Entrepreneur: Flow Building and Progress Optimization, Working Paper Series, Snider Center for Entrepreneurial Studies (Wharton School, University of Pennsylvania).
35. Maggioni, V.: 1995, La criticità degli aspetti finanziari nella nascita delle nuove imprese. Atti del Convegno Dall'azienda protetta all'azienda competitiva: i modelli imprenditoriali emergenti nell'economia italiana, Accademia Italiana di Economia Aziendale. Bologna: Clueb.
36. Maggioni, V.: 1997, Oltre lo start up. Il percorso di consolidamento delle imprese 44, Collana Fare Impresa IG, Edizioni Gruppo Abele, Torino.
37. McGrath, R.G.: 1996, Options and the Entrepreneur: Toward a Strategic Theory of Entrepreneurial Behavior. Working Paper Series, Snider Center for Entrepreneurial Studies, Wharton School, University of Pennsylvania.
38. McGrath, R.G.: 1997, A Real Options Logic for Initiating Technology Positioning Investments, Academy of Management Review 22(4): 974-996.
39. McGrath, R.G. and I.C. MacMillan: 1995, Discovery Driven Planning, Harvard Business Review 73(4): 44-54.
40. Moint, A.H.: 1998, Small Firms Exporting: How Effective are Government Assistance Programs, Journal of Small Business Management, January: 1-15.
41. Monks, S.: 1991, Job Creation and Job Displacement: The Impact of Enterprise Board Investment of Firms in UK, Regional Studies 25(4): 355-362.
42. OECD: 1995, 1997, Best Practice Policies for Small and Medium Sized Enterprises (Paris).
43. Peterson, R., G. Kozmetsky and N. Ridgway: 1983, Perceived Causes of Small Business Failures: A Research Note, American Journal of Small Business 8: 15-19.
44. Plant, T.R. and J.E. Pluta: 1983, Business Climate, Taxes and Expenditures, and State Industrial Growth in the United States, Southern Economic Journal 50: 99-119.
45. Porter, M.E.: 1982, La strategia competitiva. Analisi per le decisioni, Tipografia Compositori, Bologna.
46. Porter, M.E.: 1985, Competitive Advantage (New York, NY: The Free Press).
47. Raposo M. and M.J. Silva: 1999, Initial Financing and the New Firm Performance, 44th ICSB World Conference Proceedings (Naples: ESI).
48. Reynolds, P.D.: 1987, New Firms: Societal Contribution versus Survival Potential, Journal of Business Venturing 2(3): 231-246.
49. Reynolds, P.D. and B. Miller: 1992, New Firm Gestation: Conception, Birth and Implications for Research, Journal of Business Venturing 7(5): 405-417.
50. Ring, P.S. and H. Van de Ven: 1992, Structuring Cooperative Relationship between Organizations, Strategic Management Journal 13(7): 483-492.
51. Rogoff, E.G. and M.S. Lee: 1996, Putting Government's Role in Perspective: The Impact of Government Programmes on Entrepreneurs and Small Business Owners, Journal of Developmental Entrepreneurship 1(1): 57-73.
52. Sardar, J.H., D. Ghosh and P. Rosa: 1997, The Importance of Support Services to Small Enterprise in Bangladesh, Journal of Small Business Management 35(2): 26-36.
53. Schillaci, C.E.: 1992, I collegamenti interpersonali e la loro rilevanza nella nascita di una nuova impresa, Sinergie 28: 97-107.
54. Schoeffler, S., R. Buzzel and D. Heany: 1974, Impact of Strategic Planning on Profit Performance, Harvard Business Review 52(2): 137-145.
55. Segura, E.: 1988, Industrial Trade and Financial Sector Policies to Foster Private Enterprise in Developing Countries, Columbia Journal of World Business 23(1): 19-26.
56. Shane, S. and L. Kolvereid: 1995, National Environment, Strategy, and New Venture Performance: A Three Country Study, Journal of Small Business Management 33(2): 37-50.
57. Shapero, A.: 1985, Why Entrepreneurship? A Worldwide Perspective, Journal of Small Business Management 23(4): 1-5.
58. Shapero, A. and J. Giglierano: 1982, Exit and Entries: A Study in Yellow Pages Journalism, in K.H. Vesper (ed.), Frontiers of Entrepreneurship Research (Wellesley, MA: Babson College).
59. Small Business Administration: 1995, The State of Small Business: A Report of the President (Washington, DC: US Government Printing Office).
60. Sorrentino, M.: 1995, Condizioni e limiti di sviluppo delle nuove imprese, Economia e Politica Industriale 87: 147-183.
61. Sorrentino, M.: 1997, I fattori esplicativi delle performance post-entry: modelli interpretativi a confronto, in Maggioni V., Lo sviluppo delle nuove imprese, Prismi, Napoli.
62. Starr J.A. and I.C. MacMillan: 1990, Resource Cooptation via Social Contracting: Resource Acquisition Strategies for New ventures, Strategic Management Journal 11(2): 79-92.
63. Staw, B.M. and J. Ross: 1987, Knowing When to Pull the Plug, Harvard Business Review 65(2): 68-74.
64. Stinchcombe, A.L.: 1965, Organizations and Social Structure, in J. March (ed.), Handbook of Organizations (Chicago: Rand McNally).
65. Storey, D.J.: 1994, Understanding the Small Business Sector (London: Routledge).
66. Storey, D.J.: 1998, Six Steps to Heaven: Evaluating the Impact of Public Policies to Support Small Businesses in Developed Economies. CSME Working Papers, nE59. University of Warwick.
67. Stuart, R. and P.A. Abetti: 1987, Start-up Ventures: Toward the Prediction of Initial success, Journal of Business Venturing 2(3): 215-230.
68. Timberg, T.: 1992, Missing Research on Small and Microenterprise Promotion Programmes, Small Enterprise Development 3(2): 42-46.
69. th ICSB World Conference Proceedings (Naples: ESI).
70. Venkataraman, S., A. Van de Ven, J. Buckeye and R. Hudson: 1990, Starting up in a Turbulent Environment: A Process Model of Failure among Firms with High Customer Dependence, Journal of Business Venturing 5(5): 277-295.
71. Vivarelli, M.: 1994, La nascita delle imprese in Italia. Teorie e verifiche empiriche (Milano: Egea).
72. Vivarelli, M. and D. Audretsch: 1994, The Link between the Entry Decision and Post-entry Performance. Working Paper, CNR Project Internationalization.
73. Walter, N.: 1995, Local Economic Development Incentives and Internal Trends (Boulder, CO: Westview Press).
74. Woo C.Y., U. Dallenbach and C. Nicholls-Nixon: 1994, Theory Building in the Presence of Randomness: The Case of Venture Creation and Performance', Journal of Management Studies 31(4): 507-524.
75. Zinman, J.: 1994, Enhancing Small/Medium Size Businesses as Job Creators, Economic Development Abroad 8: 2-4.