Country
Italy

This content is also available in: Español, Português

MovingWorlds

United States, Canada, Bermuda, Armenia, Azerbaijan, Belarus, Georgia, Germany, Italy, Moldova, Norway, Portugal, Turkey, Ukraine, United Kingdom, Albania, Andorra, Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Gibraltar, Greece, Greenland, Hungary, Iceland, Ireland, Isle of Man, Kazakhstan, Latvia, Liechtenstein, Lithuania, Luxembourg, Monaco, Montenegro, Netherlands, Poland, Romania, San Marino, Serbia, Slovenia, Spain, Sweden, Tajikistan, Turkmenistan, Uzbekistan, Switzerland, Argentina, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Jamaica, Mexico, Nicaragua, Panama, Peru, Antigua and Barbuda, Aruba, Barbados, Cayman Islands, Cuba, Dominica, Ecuador, Grenada, Guyana, Haiti, Paraguay, Puerto Rico, Suriname, Trinidad and Tobago, Turks and Caicos Islands, Uruguay, Curacao, Israel, Jordan, Lebanon, Morocco, Saudi Arabia, Tunisia, United Arab Emirates, Algeria, Bahrain, Djibouti, Iraq, Kuwait, Libya, Malta, Oman, Qatar, Australia, Brunei Darussalam, Cambodia, China, Indonesia, Japan, Lao People's Democratic Republic, Malaysia, Mongolia, Myanmar, Philippines, Singapore, Thailand, Vietnam, American Samoa, Fiji, French Polynesia, Guam, Kiribati, Marshall Islands, Nauru, New Caledonia, New Zealand, Northern Mariana Islands, Palau, Papua New Guinea, Samoa, Solomon Islands, Timor-Leste, Tonga, Tuvalu, Vanuatu, Afghanistan, Bangladesh, Bhutan, India, Nepal, Sri Lanka, Maldives, Pakistan, Botswana, Côte d'Ivoire, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Namibia, Nigeria, Rwanda, Senegal, South Africa, South Sudan, Tanzania, Togo, Uganda, Zambia, Angola, Benin, Burkina Faso, Burundi, Cameroon, Chad, Comoros, Equatorial Guinea, Eritrea, Gabon, Guinea-Bissau, Lesotho, Liberia, Mauritania, Mauritius, Niger, São Tomé and Principe, Seychelles, Sierra Leone, Somalia, Sudan, Zimbabwe, Central African Republic, Gambia, Western Sahara, Réunion, Mayotte, Anguilla, Antarctica, Bahamas, Bonaire, Sint Eustatius and Saba, Bouvet Island, British Indian Ocean Territory, Cape Verde, Christmas Island, Cocos Islands, Congo, Democratic Republic of the, Republic of the, Cook Islands, Egypt, Eswatini (Swaziland), Falkland Islands, French Guiana, French Southern Territories, Guadeloupe, Guernsey, Heard and McDonald Islands, Holy See, Hong Kong, Iran, Jersey, Kyrgyzstan, Macau, Macedonia, Martinique, Micronesia, Montserrat, Niue, Norfolk Island, North Korea, Palestine, State of, Pitcairn, Russia, Saint Barthélemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sint Maarten, Slovakia, South Georgia, South Korea, Svalbard and Jan Mayen Islands, Syria, Taiwan, Tokelau, US Minor Outlying Islands, Venezuela, Virgin Islands, British, U.S., Wallis and Futuna, Yemen, Åland Islands

"Innovative start-ups are often considered to be a key source of innovation and job creation. As such they are the subject of several types of supportive public policies. This study examines the short-term and long-term effects of business incubators on the performance of innovative start-ups in terms of sales revenues and job creation. A large sample of N-¯=-¯2544 innovative Italian start-ups, of which 606 were incubated, was followed over a period of up to six years. Tobit and Poisson regressions and propensity-score matching analyses point towards a significant negative effect of incubator tenancy on sales revenues and no significant effect of incubation on job creation. Findings also suggest that the initially negative effect of incubation on sales revenues turns into a positive effect in the long term. The effects of incubator characteristics, in terms of ownership, certification, and size on the growth of tenant start-ups were further analysed, but these effects were found to be negligible. The study contributes to the literature on the evidence-based evaluation of business incubation performance. It suggests that public policy makers should lower their expectations regarding the numbers of new jobs created by business incubation support."

READ MORE

"A classical approach to collecting and elaborating information to make entrepreneurial decisions combines search heuristics, such as trial and error, effectuation, and confirmatory search. This paper develops a framework for exploring the implications of a more scientific approach to entrepreneurial decision making. The panel sample of our randomized control trial includes 116 Italian startups and 16 data points over a period of about one year. Both the treatment and control groups receive 10 sessions of general training on how to obtain feedback from the market and gauge the feasibility of their idea. We teach the treated startups to develop frameworks for predicting the performance of their idea and conduct rigorous tests of their hypotheses, very much as scientists do in their research. We let the firms in the control group instead follow their intuitions about how to assess their idea, which has typically produced fairly standard search heuristics. We find that entrepreneurs who behave like scientists perform better, are more likely to pivot to a different idea, and are not more likely to drop out than the control group in the early stages of the startup. These results are consistent with the main prediction of our theory: a scientific approach improves precision—it reduces the odds of pursuing projects with false positive returns and increases the odds of pursuing projects with false negative returns."

READ MORE