Assessing the Italian innovative start-ups performance with a composite index

Artikel

This paper aims to assess the profitability and employees' productivity of Italian innovative start-ups with a new composite index: the Start-ups Performance score (SP-score). In recent years, the Italian government has made several efforts to foster the economy, establishment, and growth of start-ups. Specifically, the issuing of the Italian Start-up Act in 2012 offers a unique opportunity to examine the Italian setting, given the special conditions that the government granted to the start-ups. The latter obtain generic benefits, tax reductions and hiring facilitations if they meet specific criteria granting the status (label) of 'innovative' by law. Based on a sample of Italian start-ups firms (ISPs) and financial statement data for the period 2016-2020, we test whether the performance of the Italian start-ups which are granted the status of 'innovative' is higher compared to start-ups without the mentioned status (NISPs). We measure the firm's performance by building a composite index which synthesizes both profitability and employees' productivity (controlling for the firms' size), and find that the ISPs report higher SP-score compared to the NISPs. In addition, we examine whether the SP-score is higher (or lower) among Innovative start-ups located in different regional areas. The derivation of the composite indicator (SP-score) allows a clear and effective evaluation of several characteristics, permitting a more comprehensive understanding of the data that support the strategic choices of management and localization entrepreneurship policies. In addition, our study highlights a certain homogeneity of innovative start-ups' performance among the Italian territories, which overcomes the classic dualistic division between Northern and Southern regions.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Administrative Sciences ; ISSN: 2076-3387 ; Volume: 12 ; Year: 2022 ; Issue: 4 ; Pages: 1-18

Klassifikation und Themen

• Klassifikation: Öffentliche Verwaltung
• Thema: composite indicators ; entrepreneurship ; financial statement analysis ; innovative start-ups ; start-ups performance

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Onesti, Gianni ; Monaco, Eleonora ; Palumbo, Riccardo
• Ereignis: Veröffentlichung
• (wer): MDPI
• (wo): Basel
• (wann): 2022

Weitere Informationen

• DOI: doi:10.3390/admsci12040189
• Handle: http://hdl.handle.net/10419/275459
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ