Corsi Christian

Università degli Studi di Teramo | UNITE · Department of Theories and Policies for Social Development

The study aims to analyze the role of informal institutions of Circular Economy (CE) as exogenous factors of improving the effectiveness of Benefit Corporation’ model. In detail, leveraging on the institution theoretical framework, it hypothesized that the level of entrepreneurial culture linked to CE at national level has a positive effect on the...

The article aims to study the effect of output additionality of public innovation funding on firm innovation, measured as economic returns of innovation, across firms of different sizes. A panel sample consisting of 4125 Spanish firms observed during years 2009–2014 has been analysed, using a treatment model. Robustness tests have also been used. T...

Purpose The purpose of this study is to analyze the impact of human capital related to gender and nationality diversity in boards of directors on the innovation of university spin-offs (USOs) in their entrepreneurial ecosystem. Following the intellectual capital (IC) framework and the resource dependence theory, upper echelons theory and critical m...

Purpose This study aims to investigate the role assumed by corporate governance mechanisms in guiding a corporate organization to take on benefit company (BC) model using the theoretical models of agency theory and stakeholder theory applied to the corporate social responsibility activities of the firm. In detail, it has been hypothesized that the...

Purpose: The paper investigates the closure mechanisms and strategies of exclusion concerning the establishment and subsequent functioning of the Collegio dei Rasonati, the professional body of accountants that was established in Venice in 1581 and operated until the end of the 18th century. Design/methodology/approach: The research design offers...

University Spin-Offs (USOs) are dynamically involved in the knowledge spillover process and incorporated in the regional entrepreneurial ecosystem. Drawing on the knowledge spillovers related concepts and entrepreneurial ecosystem approach, the paper aims to explore the hypothesis that the regional context may partially determine the USOs' growth v...

The chapter aims to investigate the profile of start-up firms, in terms of features of the entrepreneur and entrepreneurial project, with regard to their likelihoods of obtaining support through public funding. Using data of 214 start-ups applied to the public call for the funding program implemented with the 2013–2016 “Start-Up Start-Hope” program...

Purpose The purpose of this research is to study the effect of organizational innovation, in terms of the introduction of both new business practices and new methods of organizing workplaces, on firm growth, along with the moderating role of the firm size in this relationship. Design/methodology/approach A panel sample of 4,125 Spanish innovative...

The paper explores whether venture capital (VC) and private equity (PE) investments have complementary or substitute effects on innovation in high-tech entrepreneurial firms in different institutional settings, focusing on different levels of capital market development, entrepreneurial culture, and intellectual property rights protection. Using a p...

The establishment of spin-offs to commercialise university knowledge/technology is a potential mechanism to promote economic and innovative development. Nevertheless, University Spin-Offs (USOs) are usually resource-constrained, especially in obtaining funding, limiting their growth. Venture Capital (VC) investors play an important role in the fina...

University Spin-Offs (USOs) are actively involved in the knowledge spillover process and fully integrated in the regional innovation systems. Drawing on the Knowledge Spillover Theory of Entrepreneurship and using a multilevel approach of analysis, we explore whether the region's knowledge spillover and the firm's absorptive capacity jointly determ...

Internal and external hired CEOs could differently affect company investment behaviour and capability to encourage strategic changes and entrepreneurship, such as innovation activity. Based on a sample of 13,749 European manufacturing SMEs, the paper shows that CEO has a significant effect on the innovative activities in SMEs. However, this effect...

The regional knowledge creation is the dominant economic explanation of regional competitiveness. In view of this, the commercialization and diffusion of knowledge/technology, developed in academia, have increased the attention of policy makers as strategic and key element, supporting and fostering the regional socio-economic development and compet...

Knowledge Intensive Business Services (KIBS) firms are emerging into a knowledge-processing and knowledge-producing industry. Universities contribute to the creation of KIBS firms through university spin-offs (USOs), which represent an opportunity to boost knowledge spillovers from university to industry thanks to their cutting-edge research knowle...

The paper aims to explore the moderating effects of governance structure on the relationship between innovation propensity and international development of SMEs. Based on agency and organisational learning theories, we hypothesise that ownership concentration, institutional ownership, family-owned firm, and foreign group affiliation have positive m...

The paper aims to explore the impact of different financing sources on the growth of university spin-offs (USOs). It hypothesises that both internal finance and debt finance have little to no positive effect on the growth of USOs. Whereas, equity finance is expected to have a stronger positive impact, especially in the form of private equity/ventur...

Global markets force small and medium-sized enterprises (SMEs) to innovate in order to remain competitive. However, it is to note that independent SMEs are primary source of radical innovation, even if, usually, they face some innovation constraints. We argue that independent SMEs, in order to compete in the global market and overcome their constra...

Purpose Using the quality evaluation approach, the paper aims to analyse the contribution of Intellectual capital (IC) to the development of the third mission in Italian universities, defining the impact of these activities in the regional context. This research aims to verify if the mandatory reporting on quality discloses the contribution of IC...

Purpose: The purpose of this paper is to study the impact of foreign venture capital (VC)/private equity (PE) ownership and other types of foreign investors on the access to external finance, in terms of credit provision, by the independent high-tech small and medium enterprises (SMEs) in the European context. Design/methodology/approach: The rese...

Purpose The purpose of this paper is to explore the hypothesis that the university context may partially determine the growth of university spin-offs (USOs), with a cross-national analysis and using an “interactionist” approach. Design/methodology/approach Two samples of USOs, from Spain and Italy (531 and 952 firms, respectively), were examined...

University spin-offs (USOs) are companies created to commercialize knowledge or technology developed in academia; thus, their major contribution to the knowledge economy is their ability to generate innovation. Following the Resource-Based View of the Firm and the Knowledge Spillover Theory of Entrepreneurship, it was stated that fostering mechanis...

The paper aims to explore if University spin-offs (USOs) can contribute to the innovative performance of metropolitan areas, as well as, positively, moderate the relationship between innovative performance and competitiveness in metropolitan areas. Based on a sample of 247 USOs, located in 11 Italian metropolitan areas, the results show that spin-o...

The paper aims to explore the effects of centrality of university spin-offs (USOs) in their meso-level network on firm performance. In detail, it has been hypothesised that degree centrality, closeness centrality and betweenness centrality can have a positive influence on the USOs' performance in terms of natural logarithm of total assets and sales...

The paper1 analyses the characteristics of university and academic spin offs, the features of their intangible resources and the project management processes. In particular, it observes the structure and the impact of project management models on the business performances as well as the skills, the leadership profile, the relationships and the know...

The paper analyses the operational characteristics of university spin offs and the features of their networks in some territorial clusters. In particular, it observes the system of intangible resources the enterprise manages, then the structure and the impact on the business performances of the applied project management models as well as the featu...