Autori
Zaninotto, EnricoGabriele, RobertoTundis, EnricoTitolo
Strategic reactions of Italian firms to globalization under the EMUPeriodico
SinergieAnno:
2015 - Volume:
33 - Fascicolo:
98 - Pagina iniziale:
195 - Pagina finale:
212Purpose of the paper: The paper aims to investigate the strategic choices of Italian
firms in response to globalization under the European Monetary Union.
Methodology: Firms are classified into four groups according to their productive
efficiency and productivity dynamics. The probability of the firms to fall into each
category is estimated using a multinomial logit regression.
Findings: We show that the firms followed different strategies to respond to
globalization under the constraints of the European Monetary Union. Human resource strategies were at the core of strategic options: the firms that showed sustained
productivity growth used a more qualified, higher salaried workforce, whereas other
firms tried to keep up with the pace by lowering labour costs and exploiting the dualism of market labour.
Research limits: The study is based on a sample of continuing firms. It does not
consider the real effects of entry and exit on technological progress and we do not
analyse the productivity dynamics related to mergers and acquisitions.
Practical implications: The dualism of the labour market allowed the “regressive”,
short-lived adaptation of a group of firms to access increased global competition. A
balanced labour market would promote investment in human capital and push firms
towards the use of innovation as a competitive strategy.
Originality of the paper: This investigation is based on an original database with
a wealth of information on labour forces, which allows us to study firm strategies. The
use of efficiency measures, combined with the ordered logit model, permits a novel look
at the dynamics of the strategies of Italian firms.
SICI: 0393-5108(2015)33:98<195:SROIFT>2.0.ZU;2-O
Testo completo:
https://doi.org/10.7433/s98.2015.12Esportazione dati in Refworks (solo per utenti abilitati)
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