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The Impact of Public Support on SMEs' Outward FDI: Evidence from Italy

2013; Wiley; Volume: 52; Issue: 1 Linguagem: Inglês

10.1111/jsbm.12029

0047-2778

Mariasole Bannò, Lucia Piscitello, Celeste Varum,

Corporate Finance and Governance

Journal of Small Business ManagementVolume 52, Issue 1 p. 22-38 Original Article The Impact of Public Support on SMEs' Outward FDI: Evidence from Italy† Mariasole Bannò, Mariasole BannòMariasole Bannò is research fellow at the Department of Economics and Management, University of Trento.Search for more papers by this authorLucia Piscitello, Lucia PiscitelloLucia Piscitello is professor of international business at DIG-Politecnico di Milano.Search for more papers by this authorCeleste Amorim Varum, Celeste Amorim VarumCeleste Varum is assistant professor at the Department of Economics, Management and Industrial Engineering, University of Aveiro.Search for more papers by this author Mariasole Bannò, Mariasole BannòMariasole Bannò is research fellow at the Department of Economics and Management, University of Trento.Search for more papers by this authorLucia Piscitello, Lucia PiscitelloLucia Piscitello is professor of international business at DIG-Politecnico di Milano.Search for more papers by this authorCeleste Amorim Varum, Celeste Amorim VarumCeleste Varum is assistant professor at the Department of Economics, Management and Industrial Engineering, University of Aveiro.Search for more papers by this author First published: 20 June 2013 https://doi.org/10.1111/jsbm.12029Citations: 44 Address correspondence to: Celeste Amorim Varum, Department of Economics, Management and Industrial Engineering, University of Aveiro, Campus Santiago, Aveiro 3810-193, Portugal. E-mail: [email protected]. ¶We would like to thank three anonymous reviewers of JSBM for their comments and suggestions. With their contribution, the original version of this paper has been substantially improved. Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Abstract This paper evaluates the impact of public financial support to the internationalization of small and medium enterprises. We analyze the growth performance of firms that conducted outward foreign direct investments in the period 1994–2008, comparing firms that benefited from public support (380) with a sample of firms that also internationalized their activity in the same period but without any incentive (508). The econometric results, stemming from a two-step treatment effect model, reveal that incentives are effective in enhancing firms' performance in terms of domestic turnover and productivity growth, especially when they are targeted at smaller and younger firms. Moreover, the effect of the incentives is enhanced for firms that have accumulated international experience. Citing Literature Volume52, Issue1January 2014Pages 22-38 RelatedInformation