DIESE DOI-METADATEN WURDEN ZULETZT AKTUALISIERT AM: 2025-05-13 09:49
Vollständiger Titel
MANAGEMENT CONTROL
Verlag
FrancoAngeli
ISSN
2239-0391 (Gedruckte Zeitschrift)
2239-4397 (Online-Zeitschrift)
Nummer der Ausgabe
1
Andere Beschreibung der Ausgabe
1
Erscheinungsdatum der Ausgabe
2025
Vollständiger Titel
Mutual Spatial Proximity, Organized Crime, and the Profitability of High-Growth Startups: The Case of Italian Gazelle Enterprises
Von (Autor)
Erste Seite
237
Letzte Seite
259
Sprache des Textes
Englisch
Erscheinungsdatum
2025/04
Copyright
2025 FrancoAngeli srl
Abstract/Hauptbeschreibung
This study applies a spatial regression model to panel data to investigate the impact of spatial proximity between Italian high-growth startups, termed Gazelles, on their Return on Assets (ROA). The model incorporates a spatially lagged dependent variable to capture the influence of neighboring firms' performance. Furthermore, we examine the association between perceived crime levels in the provinces where these startups operate and their profitability. Our results show that operating profitability is positively associated with mutual geographic proximity among Gazelles, whereas it is negatively affected by elevated perceptions of local crime. These findings are relevant for entrepreneurs, incubators, and accelerators seeking to identify contextual factors that may enhance or impede firm performance. They also have significant implications for policymakers aiming to design strategies that foster positive externalities and mitigate detrimental externalities in entrepreneurial ecosystems.
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