The dynamic impact of inter-firm network agreements

Valentina Pieroni (), Nicola Lattanzi () and Massimo Riccaboni ()
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Valentina Pieroni: IMT School for Advanced Studies Lucca
Nicola Lattanzi: IMT School for Advanced Studies Lucca
Massimo Riccaboni: IMT School for Advanced Studies Lucca

Small Business Economics, 2024, vol. 63, issue 3, No 4, 939-969

Abstract: Abstract This paper sheds new light on the dynamic effects of inter-firm network agreements on firm performance and investigates whether the specific combination of partner profiles triggers heterogeneous causal effects. Using a staggered difference-in-differences design, we find that participation in network agreements has a persistent impact on firms’ revenues, value added, and EBITDA that is amplified at least through the third year of collaboration. Our results show that micro firms benefit more from collaboration in network agreements, especially when they enter into relationships with larger partners. In addition, companies benefit more from network ties when most of their partners belong to the same travel-to-work area.

Keywords: Strategic alliances; Network agreement; Staggered Difference-in-Differences; Dynamic treatment effects; Industrial policy (search for similar items in EconPapers)
JEL-codes: D22 L22 L25 M21 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:kap:sbusec:v:63:y:2024:i:3:d:10.1007_s11187-023-00842-7

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DOI: 10.1007/s11187-023-00842-7

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