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Edited by Francesca Visintin and Daniel Pittino

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Edited by Francesca Visintin and Daniel Pittino

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Fast Growing Firms in a Slow Growth Economy

Institutional Conditions for Innovation

Edited by Francesca Visintin and Daniel Pittino

Europe needs more innovative companies that grow quickly and end up big. This book examines SME growth, innovation and success, to suggest that fast growing firms could offer a major contribution to the recovery of a European economy. The contributors examine 11 case studies from Italian firms, breaking the book up into three parts: context, actors and strategy. The topics discussed include entrepreneurship and technological clusters, innovative start-ups and growth factors, and family firms as the incubators of new ventures.
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Daniel Pittino and Francesca Visintin

In this chapter we analyse the behaviour of family directors in their relationship with non-family managers, focusing on the influence of board composition on the CEO replacement decision. We compare family- and non-family-controlled companies and explore the differences among family firms with respect to board-level attributes, namely family representation and ownership dispersion among directors. We perform our analysis on data drawn from a panel of Italian listed companies over a ten-year period. Our results suggest that family directors behave distinctively with respect to (1) the definition of goals that the CEO must pursue and (2) the characteristics of the monitoring process.

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Giancarlo Lauto, Daniel Pittino and Francesca Visintin

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Daniel Pittino, Francesca Visintin and Giancarlo Lauto

The proper understanding of the family business phenomenon requires the adoption of a methodological approach that embraces the complex intertwinement of different social systems. The configurational approach is particularly appropriate for this aim, and within this approach, Fuzzy Set Qualitative Comparative Analysis (fsQCA) is a technique that has great potential for the description, explanation and interpretation of family firms’ characteristics and dynamics. This chapter illustrates the main features of the fsQCA technique within the configurational approach, and discusses its range of applications to the family business field.