L’interazione fra capacità d’impresa, opportunità strategiche, risorse finanziarie e performance: un’analisi multivariata su un campione di piccole e medie imprese operanti nel mezzogiorno

Giovanni Battista Dagnino, Paola Merendino


On the ground of an empirical multivariate analysis performed on a sample of 120 small and medium sized firms operating in Italy’s Midday that participating to the tender offer issued according to Law 488/1992, this article scrutinizes the role that endogenous and exogenous elements play jointly on firm performance. We propose an interpretive framework of the strategy process that allows for both aspects (i.e., exogenous and endogenous), combining firm capabilities with strategic opportunities thath are accessible, and considering financial resources as a privileged conduit to gain acces to opportunities the firm is able to recognize. The study emphasizes the role of the entrepreneur, observed as a creative subject capable to guide the firm’s development path and its capabilities as regards the evolution of the external context, as well as to seize new opportunities by means of the exploitation of the firm’s capabilities


Multivariate analysis; firm capabilities; opportunities; strategic process; entrepreneur

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DOI: http://dx.doi.org/10.14596/pisb.52


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