Does labor diversity promote entrepreneurship?

We find evidence that workforce educational diversity promotes entrepreneurial behavior of employees as well as the formation of new firms, whereas diversity in demographics hinders transitions to self-employment. Ethnic diversity favors entrepreneurship in financial and business services.     

Sectoral shifts, diversification and regional unemployment: evidence from local labour systems in Italy

Using Local Labour Systems (LLSs) data, this work aims at assessing the effects of sectoral shifts and industry specialization patterns on regional unemployment in Italy over the years 2004–2008. Italy represents an interesting case study because of the high degree of spatial heterogeneity in local labour market performance and the well-known North–South divide. Furthermore, the presence of strongly specialized LLSs (Industrial Districts, IDs) allows us to test whether IDs perform better than highly diversified urban areas thanks to the effect of agglomeration economies, or viceversa. Building on a semiparametric spatial auto-regressive framework, our empirical investigation documents that sectoral shifts and the degree of specialization exert a negative role on unemployment dynamics. By contrast, highly diversified areas turn out to be characterized by better labour market performances.     

Is Financial Fragility a Matter of Illiquidity? An Appraisal for Italian Households

We investigate household financial fragility in Italy, providing three main contributions. First, we propose a novel characterization of financial fragility that is not necessarily linked to indebtedness, distinguishes between expected and unexpected expenses, takes portfolio composition into account, and is free of subjectivity bias. Second, we use it to assess the importance of household portfolio composition for determining the difficulties related to coping with unexpected expenditures, besides socio‐economic and demographic factors. Third, we test its ability to forecast future conditions of financial distress. The empirical analysis is based on the Bank of Italy Survey on Household Income and Wealth. The results highlight the relevance of portfolio choices as determinants of financial distress, that is, they provide evidence that homeownership increases the likelihood of financial fragility while the presence of a mortgage decreases it. Moreover our measure is shown to act as an early warning indicator of distress.     

Disaggregating entrepreneurial orientation: the non-linear impact of innovativeness, proactiveness and risk-taking on SME performance

Previous studies have generally established a positive relationship between aggregated measures of entrepreneurial orientation (EO) and firm performance. However, there are theoretical reasons suggesting that three dimensions of EO (innovativeness, proactiveness, and risk-taking) may possess differential relationships with performance in smaller firms. This study utilizes a sample consisting of 1,668 small-to-medium sized enterprises (SMEs) in nine countries across 13 different industries to provide a finer-grained analysis of the EO-performance relationship. Specifically, we theorize and test a non-monotonic influence of innovativeness, proactiveness, and risk-taking on SME performance. Innovativeness and proactiveness displayed predominantly positive U-shaped relationships with SME performance. Risk-taking, however, displayed a predominantly negative U-shaped relationship with SME performance. Further, individualism was found to positively moderate the relationships between innovativeness-performance and proactiveness-performance. Taken together, these results suggest that differential relationships exist between three dimensions of EO and SME performance, with important theoretical implications for future EO research.     

Human resource management and industrial relations in European companies

The paper explores the different patterns of labour relations in European companies. It is based on comparative research carried out in fifteen companies in Italy, France, Germany, Great Britain and Spain. ^{1 1}This paper is based on a comparative research study conducted in 1991 in fififteen industrial companies in Italy, France, Germany, Great Britain and Spain. The research team consisted of Paolo Perulli and Ida Regalia (Italy), Alain Lipietz (France), Bruno Cattero (Germany), Paul Marignson (Great Britain) and Fausto Miguelez (Spain). In each country, three case studies were made of companies in thse chemical, food-procesing and engineering industries. Interviews were conducted with the company management as well as with workers' representatives and trade unionists. Of course, this methodology does not allow us to gen eralize our findings, even less to compare national or sectoral patterns. What it does allow us to do, however, is, first, to sugest hypotheses on common trends and major differnces by using the cases studied as anecdotal evidence; second, it allows us to show how apparently similar patterns of personnel management and of labour relations display different features im different cases; third, it enables us to see whether some of these features are systematically asociateed with other variables. View all notesIn each country, three companies in the chemical, food-processing and engineering industries have been studied, through interviews with the company management as well as with workers' representatives.

The starting point is the observation that employers' policies of Jabour relations are today more differentiated than in the recent past: while many employers tend to involve unions in the re-organization of work, have frequent meetings with them and grant them full recognition, others pursue more unilateral paths to industrial adjustment and others still adopt a mixed policy of union involvement on some issues or for some categories of workers and of individual bargaining on others.

An analysis of the major differences among the companies studied is then developed by illustrating three types of choices that managers have to make. The first concerns the extension of the involvement of workers' representatives in decisions. The second has to do with the use of direct relationships with individual workers, as an attempt to bypass the unions or simply as a new method to increase the overall information and communication. The third alternative regards the degree of homogeneity in the management of human resources, in which some rules and advantages may apply to either the whole labour force or some professional (and possibly age or gender) groups only.

In the final section, some possible determinants of the differences in employers' strategies of labour regulation between firms and countries are examined. Special attention is paid to two institutional factors: the role of legal rights to information, consultation and negotiation in different national contexts, and the type of workers' representatives which are present in the companies.     

Collaborative commerce in tourism: implications for research and industry

Technology advances enable people to trade and sell their own travel products, which in turn create numerous transformation changes into the tourism industry structure, the nature of tourism products and experiences, the competitiveness of traditional and new tourism players and the process creating (social) value in tourism. This paper investigates the application and implications of collaborative commerce in tourism and provides suggestions for future research.     

BRAND ACTIVISM: A Literature Review and Future Research Agenda

Brand activism is a new and fragmented phenomenon that has been attracting growing attention from scholars. Research on this topic is still at an exploratory stage and in need of advancement and conceptualization. The aim of this study is to systematize the extant literature on brand activism by attempting an in-depth exploration of the antecedents that identify the construct along with the influencing and consequence factors that will need to be tested and validated by future research. This study adopts the guidelines provided by the SPAR-4-SLR protocol and considers 76 papers with no time limitation. To the best of our knowledge, this seems to be the first scientific systematization of brand activism. From the in-depth analysis of the extant literature, two conceptual frameworks were constructed that can guide both researchers, in their understanding and investigation of the phenomenon, and practitioners in their implementation strategies of brand activism. The no time restriction of the analysis has allowed an investigation of the phenomenon from its prodromes until recent years, also highlighting important gaps that will have to be filled by future research.     

Banning information in hiring decisions

Journal of Regulatory Economics - Over the past decade, federal, state and local governments have restricted the types and uses of information in hiring and promotion decisions. Examples include...