EconPapers    
Economics at your fingertips  
 

Triggering cooperation among firms: an empirical assessment of the Italian Network Contract Law

Riccardo Leoncini (), Giulia Vecchiato () and Luca Zamparini ()
Additional contact information
Riccardo Leoncini: University of Freiburg
Giulia Vecchiato: Studio Legale Daldosso Vecchiato
Luca Zamparini: University of Salento

Economia Politica: Journal of Analytical and Institutional Economics, 2020, vol. 37, issue 2, No 1, 357-380

Abstract: Abstract In this paper, we empirically investigate if and how the Italian Law on Network Contracts was able to trigger the establishment of networks among the involved firms. This law defined network contracts as agreements among firms to cooperate in order to improve, both individually and collectively, their innovative capacity and competitiveness in the market. It promoted them in virtually all Italian regions. During the year 2012, 213 network contracts were signed involving a total of 1083 firms. The empirical analysis shows that network contracts provide an answer to the various needs that the firms involved, if acting as single entities, cannot tackle. Indeed, on the one side, when firms that signed a network contract were characterised by mixed types of ownerships regimes, this fact negatively affected the performance of the firms involved although they ranked in the top positions in terms of correspondence with the aims of the law. The opposite holds when we consider firms within network contracts characterised by the presence of joint shareholding: this shows that despite a positive impact on performance, these networks are not specifically targeted by the law.

Keywords: Contract law; Italy; Theory of the firm (search for similar items in EconPapers)
JEL-codes: D2 K12 L14 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s40888-019-00141-z Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:epolit:v:37:y:2020:i:2:d:10.1007_s40888-019-00141-z

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40888

DOI: 10.1007/s40888-019-00141-z

Access Statistics for this article

Economia Politica: Journal of Analytical and Institutional Economics is currently edited by Alberto Quadrio Curzio

More articles in Economia Politica: Journal of Analytical and Institutional Economics from Springer, Fondazione Edison
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2020-12-05
Handle: RePEc:spr:epolit:v:37:y:2020:i:2:d:10.1007_s40888-019-00141-z