Determinants and consequences of the Anti-mafia entrepreneurial behavior: an empirical study on southern italian small-medium entreprises

La Rosa, F

Risultato della ricerca: Paper

Abstract

In this study we question what determinants lead firms to adopt anti-mafia behaviors and whether firms adopting anti-mafia behaviors “pay the piper” for their conduct through reduced financial performance. A sub-sample of 111 Southern Italian Small and Medium Enterprises whose entrepreneurs have publicly opposed the mafia extortion was initially selected. By adopting a matched-pair design, anti-mafia firms were subsequently matched against a sub-sample of neutral firms. Determinants of anti-mafia behavior were investigated by using a regression logistic model in order to regress the anti-mafia choice on a set of financial, demographic, governance, and control variables. Performance and financial structure was compared by adopting both different “between analysis” of the full sample and a “within analysis” of the sub-sample of the anti-mafia firms in order to investigate the statistical significance of the differences of means and medians. Results show that the financial variables are the more significant determinants of the anti-mafia behavior, while the analysis performed seem to confirm that anti-mafia behavior implies lower performance in the short term.
Lingua originaleEnglish
Stato di pubblicazionePublished - 2013

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Entrepreneurial behavior
Empirical study
Demographics
Extortion
Statistical significance
Median
Logistic regression model
Control variable
Financial structure
Financial performance
Governance
Small and medium-sized enterprises
Entrepreneurs
Financial variables

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title = "Determinants and consequences of the Anti-mafia entrepreneurial behavior: an empirical study on southern italian small-medium entreprises",
abstract = "In this study we question what determinants lead firms to adopt anti-mafia behaviors and whether firms adopting anti-mafia behaviors “pay the piper” for their conduct through reduced financial performance. A sub-sample of 111 Southern Italian Small and Medium Enterprises whose entrepreneurs have publicly opposed the mafia extortion was initially selected. By adopting a matched-pair design, anti-mafia firms were subsequently matched against a sub-sample of neutral firms. Determinants of anti-mafia behavior were investigated by using a regression logistic model in order to regress the anti-mafia choice on a set of financial, demographic, governance, and control variables. Performance and financial structure was compared by adopting both different “between analysis” of the full sample and a “within analysis” of the sub-sample of the anti-mafia firms in order to investigate the statistical significance of the differences of means and medians. Results show that the financial variables are the more significant determinants of the anti-mafia behavior, while the analysis performed seem to confirm that anti-mafia behavior implies lower performance in the short term.",
author = "{La Rosa, F} and Sergio Paternostro and Loredana Picciotto",
year = "2013",
language = "English",

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TY - CONF

T1 - Determinants and consequences of the Anti-mafia entrepreneurial behavior: an empirical study on southern italian small-medium entreprises

AU - La Rosa, F

AU - Paternostro, Sergio

AU - Picciotto, Loredana

PY - 2013

Y1 - 2013

N2 - In this study we question what determinants lead firms to adopt anti-mafia behaviors and whether firms adopting anti-mafia behaviors “pay the piper” for their conduct through reduced financial performance. A sub-sample of 111 Southern Italian Small and Medium Enterprises whose entrepreneurs have publicly opposed the mafia extortion was initially selected. By adopting a matched-pair design, anti-mafia firms were subsequently matched against a sub-sample of neutral firms. Determinants of anti-mafia behavior were investigated by using a regression logistic model in order to regress the anti-mafia choice on a set of financial, demographic, governance, and control variables. Performance and financial structure was compared by adopting both different “between analysis” of the full sample and a “within analysis” of the sub-sample of the anti-mafia firms in order to investigate the statistical significance of the differences of means and medians. Results show that the financial variables are the more significant determinants of the anti-mafia behavior, while the analysis performed seem to confirm that anti-mafia behavior implies lower performance in the short term.

AB - In this study we question what determinants lead firms to adopt anti-mafia behaviors and whether firms adopting anti-mafia behaviors “pay the piper” for their conduct through reduced financial performance. A sub-sample of 111 Southern Italian Small and Medium Enterprises whose entrepreneurs have publicly opposed the mafia extortion was initially selected. By adopting a matched-pair design, anti-mafia firms were subsequently matched against a sub-sample of neutral firms. Determinants of anti-mafia behavior were investigated by using a regression logistic model in order to regress the anti-mafia choice on a set of financial, demographic, governance, and control variables. Performance and financial structure was compared by adopting both different “between analysis” of the full sample and a “within analysis” of the sub-sample of the anti-mafia firms in order to investigate the statistical significance of the differences of means and medians. Results show that the financial variables are the more significant determinants of the anti-mafia behavior, while the analysis performed seem to confirm that anti-mafia behavior implies lower performance in the short term.

UR - http://hdl.handle.net/10447/99057

M3 - Paper

ER -