Growth factors in medium-sized enterprises: the case of an Italian region

Article

Abstract

Due to the polarisation of the Italian production system into small and large enterprises, the role of medium-sized enterprises has been largely neglected. As a consequence, studies analysing the factors that affect economic development in Italy have mainly focused on the role of small businesses or on aggregates of small and medium-sized enterprises. This study contributes to the literature by focusing on medium-sized enterprises, and the study has a two-fold aim. First, our study aimed to identify the growth factors specific to medium-sized enterprises in comparison with small enterprises. Second, of the factors that determine the growth of medium-size enterprises, we aimed to identify factors with entrepreneurial characteristics. To investigate these two aims, we surveyed and analysed medium-sized enterprises operating in the Italian region of Bergamo. Our findings highlight some of the factors that significantly determine the growth of medium-sized enterprises, including proactivity, risk taking posture and investment aimed at growth.

Keywords

Competitiveness Growth Business performance Medium-sized enterprise 

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Copyright information

© Springer Science + Business Media, LLC 2009

Authors and Affiliations

  1. 1.Department of Economics and Technology ManagementUniversity of BergamoDalmineItaly
  2. 2.Department of EconomicsUniversity of TurinTurinItaly
  3. 3.BRICK (Bureau of Research on Innovation, Complexity and Knowledge)Collegio Carlo AlbertoMoncalieriItaly

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