Using balance sheet data from a sample of 3498 foreign firms in the manufacturing industry we analyse the distribution of foreign direct investments (FDI) in Italy at a very detailed geographical level, i.e. the provincial level, a region including industrial clusters which comprises an urban area and the limited geographical area surrounding it. In this paper, we test the impact that agglomeration economies, entrepreneurial culture and social capital have on the distribution of foreign investments. While the findings regarding the social variables are mixed, the important role played by agglomeration economies is confirmed. Our analysis shows that investments by multinationals are attracted by those areas that combine industrial cluster characteristics with an agglomeration of foreign firms and that have a high level of entrepreneurial culture. The role that this last variable plays is fundamental and suggests the idea thatmultinational corporations (MNCs) invest in regions with entrepreneurial resources. Elsevier Ltd. All rights reserved.

Industrial clusters, entrepreneurial culture and the social environment:The effects on FDI distribution / Majocchi, Antonio; Presutti, Manuela. - In: INTERNATIONAL BUSINESS REVIEW. - ISSN 0969-5931. - 18:1(2009), pp. 76-88. [10.1016/j.ibusrev.2008.12.001]

Industrial clusters, entrepreneurial culture and the social environment:The effects on FDI distribution

MAJOCCHI, ANTONIO
;
2009

Abstract

Using balance sheet data from a sample of 3498 foreign firms in the manufacturing industry we analyse the distribution of foreign direct investments (FDI) in Italy at a very detailed geographical level, i.e. the provincial level, a region including industrial clusters which comprises an urban area and the limited geographical area surrounding it. In this paper, we test the impact that agglomeration economies, entrepreneurial culture and social capital have on the distribution of foreign investments. While the findings regarding the social variables are mixed, the important role played by agglomeration economies is confirmed. Our analysis shows that investments by multinationals are attracted by those areas that combine industrial cluster characteristics with an agglomeration of foreign firms and that have a high level of entrepreneurial culture. The role that this last variable plays is fundamental and suggests the idea thatmultinational corporations (MNCs) invest in regions with entrepreneurial resources. Elsevier Ltd. All rights reserved.
Agglomeration economies Entrepreneurship FDI Industrial districts
Industrial clusters, entrepreneurial culture and the social environment:The effects on FDI distribution / Majocchi, Antonio; Presutti, Manuela. - In: INTERNATIONAL BUSINESS REVIEW. - ISSN 0969-5931. - 18:1(2009), pp. 76-88. [10.1016/j.ibusrev.2008.12.001]
File in questo prodotto:
File Dimensione Formato  
ibr 2009.pdf

Solo gestori archivio

Tipologia: Versione dell'editore
Licenza: DRM non definito
Dimensione 336.05 kB
Formato Adobe PDF
336.05 kB Adobe PDF   Visualizza/Apri
Pubblicazioni consigliate

Caricamento pubblicazioni consigliate

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11385/196539
Citazioni
  • Scopus 70
  • ???jsp.display-item.citation.isi??? 53
social impact