Papers by fabrizio pompei
Social Science Research Network, 2011
International Labour Review, Dec 1, 2016
Sinappsi
In this paper I study whether the adoption of the Iso9001 certification in Italy, between 2011 an... more In this paper I study whether the adoption of the Iso9001 certification in Italy, between 2011 and 2019, has helped small firms to reduce the gap in productivity, profitability and wages paid to the workers, with the leading group of firms operating on the frontier. After a pooled OLS estimation, a difference-in-difference model with fixed effects has been applied. I find that Iso9001 certification does support firms below the frontier to partially recover the gap in terms of multifactor productivity incorporating the mark-up and profits, while no robust effect has been detected for the mark-up corrected productivity and wages.
Zenodo (CERN European Organization for Nuclear Research), Feb 8, 2022
Using data for a large sample of European firms, the present work investigates the productivity e... more Using data for a large sample of European firms, the present work investigates the productivity effects associated with the generation of the technologies related to the Fourth Industrial Revolution (4IR) and with managerial and organisational capabilities (MOCs) related to the adoption of new managerial practices, such as the ISO 9001 certification. By adopting a distance to frontier framework (DTF), in the first part of the study, we find that companies innovating in the fields of 4IR (mainly Artificial Intelligence) have a significantly faster productivity growth and this is proportional to how far they lie behind the frontier. In the second part, we investigate whether new managerial practices help falling-behind companies fill the gap with firms with the highest levels of productivity, profitability and average wages paid in Italy. We find that the ISO 9001 certification helps firms below the frontier to partially recover the gap in terms of multifactor productivity (MFP) and profits.
Palgrave Macmillan eBooks, Jul 29, 2015
Palgrave Macmillan UK eBooks, 2015
The transformation from planned to market economies undertaken after 1989 by all new European Uni... more The transformation from planned to market economies undertaken after 1989 by all new European Union members (NEUMs), former Soviet Union countries (FSU) and Western Balkans (WBs) is a fascinating, extremely complex phenomenon. Extensive market-oriented reforms were implemented in all fields, while many of the rules characterising the pre-transition society were rapidly dismissed. State influence was radically weakened in favour of market liberalisations, firm privatisations and international opening to trade and foreign investments. The whole process allowed the existing visible and hidden inequalities to develop, and new ones, associated with restructuring and vast structural change, to unfold. During the 1990s, distributional patterns in the Formerly Planned Economies evolved at quite a different pace, with inequalities reaching, and in some cases stabilising at, diversified levels after more than 20 years of transition (Aristei and Perugini, 2012). Due to the complexity of the forces into play (economic, social, political and institutional), the study of any aspect of transition is in itself a challenging task; but when distributive patterns are the focus of the analysis, the picture becomes even more intriguing and complicated. This is due not only to the fact that inequality is in itself a multifaceted concept that can then be looked at from many different and complementary perspectives, but also to the fact that basically every social, economic, structural and institutional change affects the distribution of income, either directly or indirectly.
Post-communist Economies, Sep 1, 2008
The recent literature dealing with the determinants of Foreign Direct Investments (FDI) has incre... more The recent literature dealing with the determinants of Foreign Direct Investments (FDI) has increasingly emphasised the importance of technological aspects, as both attractive factors and FDI-related technological transfer effects. Focusing on the second perspective, this paper explores the theoretical and empirical relationships between innovative inputs (particularly FDI) and innovative outputs in the EU-27 countries, focusing in particular on the Central and Eastern European countries (CEECs). Findings provide evidence of strong East/West specificities, but also of marked heterogeneity within the CEECs, thus supporting our approach, which emphasises complexity and the specificities of productive and economic conditions.
Social Science Research Network, 2008
Comparisons by countries and by sectors of mergers and acquisitions have usually been performed i... more Comparisons by countries and by sectors of mergers and acquisitions have usually been performed in separate fields of research. A first group of studies, focusing on international comparisons, has explored the role of corporate governance systems, investor protection laws and other countries' regulatory institutions as the main determinants of takeovers around the world. A second group of contributions has attributed a central role to variations in industry composition, documenting that, in each country, mergers occur in waves and within each wave clustering by industry is observed. This paper aims to integrate both perspectives and to make comparisons by countries and by sectors, thus exploring the role of various driving forces on takeover activities. It also intends to consider the specific influence that technological regimes and their innovation patterns may exert in reallocating assets and moving capital among sectors. This will be done by examining the European experience of the last few years (2002-2005). We found that even in countries where transfer of control is a frequent phenomenon, mergers are less frequent in those sectors where innovation is a cumulative process and where takeovers may be a threat to the continuity of accumulation of innovative capabilities.
Social Science Research Network, 2009
Research Question The present study examines cross-national and sectoral differences in multifact... more Research Question The present study examines cross-national and sectoral differences in multifactor productivity growth in sixteen European countries from 1995 to 2005. The main aim is to ascertain the role of flexible employment contracts and collective labour relationships in explaining the ample differentials recorded in the European economy. Research Findings We use the EU KLEMS database for growth accounting and a broad set of indicators of labour regulations, covering two distinct 'areas' of labour regulation: employment laws and collective relations laws. This comprehensive approach allow us to consider arrangements that regulate allocation of labour inputs (fixed-term, part-time contracts, hours worked) and of payoff and decision rights of employees. We find that, since 1995, European countries have not followed similar patterns of growth. A large number of variations between European economies are caused by deep differentials in multifactor productivity and part of this heterogeneity is caused by sectoral diversities. We show that, in labourintensive sectors such as services, fixed-term contracts, which imply shorterterm jobs and lower employment tenures, may discourage investment in skills and have detrimental effects on multifactor productivity increases. We also find that some forms of labour regulation and arrangements that give a 'voice' to employees mitigate these perverse effects on efficiency patterns. Policy Implications Employment protection reforms which slacken the rules of fixed-term contracts cause potential drawbacks in terms of low productivity gains. More stringent regulation of these practices, as well as a climate of collective relations, sustain long-term relationships and mitigate these negative effects.
Industry and Innovation, Dec 26, 2022
RePEc: Research Papers in Economics, Mar 17, 2008
The recent literature dealing with the determinants of Foreign Direct Investments (FDI) has incre... more The recent literature dealing with the determinants of Foreign Direct Investments (FDI) has increasingly emphasised the importance of technological aspects, as both attractive factors and FDI-related technological transfer effects. Focusing on the second perspective, this paper explores the theoretical and empirical relationships between innovative inputs (particularly FDI) and innovative outputs in the EU-27 countries, focusing in particular on the Central and Eastern European countries (CEECs). Findings provide evidence of strong East/West specificities, but also of marked heterogeneity within the CEECs, thus supporting our approach, which emphasises complexity and the specificities of productive and economic conditions.
RePEc: Research Papers in Economics, 2016
Despite the rich literature on top executives’ compensations in family and non-family firms, diff... more Despite the rich literature on top executives’ compensations in family and non-family firms, differences in the compensation structure of employees in these enterprises have received much less attention. Furthermore, not enough attention has been paid to the specific role of the compensation structure of employees on labour productivity and competitiveness of family business. We analyze the compensation structure of Italian firms focusing on performance related pays (PRP) offered to employees to verify if these contingent rewards play a differential role on wages, labour productivity and competitiveness (i.e. the ratio of productivity and wages) in family-influenced firms with respect to their non family counterparts. The empirical evidence is provided by a national sample of firms of the non-agricultural private sector of the Italian economy. A fixed effects quantile regression is used to explore heterogeneous effects of PRP along productivity and wages distributions. Our results show that PRP has a greater enhancing role on labour productivity in family businesses, coupled with a more moderate influence on wages with respect to their non family counterparts. Thus PRP may be a governance device that helps to gain competitiveness and may contribute at endurance of family firms.
Purpose-The bulk of research on approved profit sharing and SAYE schemes tends to focus on the ef... more Purpose-The bulk of research on approved profit sharing and SAYE schemes tends to focus on the effects of their presence/absence, which says little about how effectively such initiatives are implemented, particularly with regard to different categories of employee. This paper seeks to contribute towards filling that gap through comparing responses between different categories of employee, and the relative effects of differing forms of financial participation. Design/methodology/approach-The paper shows that the population for the study consisted of employees in a large (153,000 employees) retail organisation in the UK. A stratified proportionate random sampling procedure was adopted to include employees at the managerial/non-managerial levels and in shareholder/non-shareholder groups. A total of 1,000 questionnaires were mailed to a broad spectrum of employees and a total of 430 usable returns were received. The survey results were analysed using regression analysis. Findings-The paper found that more junior employees are less likely to choose to actively buy into profit sharing and share ownership schemes; among workers in the lower job bands, the rewards accruing from participation in such schemes are likely to be the least, yet it is there that the effects of any undermining of collective solidarities are likely to be particularly pronounced. Research limitations/implications-The paper shows, while based on the case of a single large enterprise, this case study highlights something of the contradictions and limitations of flexible reward systems. Originality/value-The paper highlights the divergent effects of individualized forms of participation. On the one hand, financial participation lengthens the reward cycle; employees will be encouraged to remain with the firm, to maximise their shareholdings. On the other hand, a greater individualisation of reward systems will undermine notions of collective solidarity; workers will have different agendas according to individual choices made regarding the scale of participation in such schemes. This central contradiction will be particularly pronounced among workers in the lower job bands, where the rewards accruing from participation in such schemes is likely to be the least, yet it is there that the effects of any undermining of collective solidarities is likely to be particularly pronounced.
This article may be used for research, teaching, and private study purposes. Any substantial or s... more This article may be used for research, teaching, and private study purposes. Any substantial or systematic reproduction, redistribution, reselling, loan, sub-licensing, systematic supply, or distribution in any form to anyone is expressly forbidden. The publisher does not give any warranty express or implied or make any representation that the contents will be complete or accurate or up to date. The accuracy of any instructions, formulae, and drug doses should be independently verified with primary sources. The publisher shall not be liable for any loss, actions, claims, proceedings, demand, or costs or damages whatsoever or howsoever caused arising directly or indirectly in connection with or arising out of the use of this material.
RePEc: Research Papers in Economics, 2009
European Journal of Comparative Economics, Dec 1, 2011
A large body of studies has documented the changing wage structure and increasing inequalities th... more A large body of studies has documented the changing wage structure and increasing inequalities that in the last decades have characterised many OECD countries. The importance of these topics has been addressed by the workshop on 'Comparing Inequalities' organised by the Italian Association for Comparative Economic Studies (AISSEC), and held in Assisi in June 2010. One session of the workshop was devoted to "Labour Market Institutions and Wage Inequalities: a Comparative Perspective". This special issue, which includes a selection of papers that were originally presented at the workshop, offers contributions which can be helpful to obtain an enriched view of ongoing changes and a broader spectrum of plausible explanations. In this paper a short appraisal of the large economic literature on wage inequality and institutions is offered with the main aim to clarify how the papers collected in this symposium contribute to related literature and in which directions they move. JEL classifications: J31; J08.
International Review of Applied Economics, Nov 1, 2011
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Papers by fabrizio pompei