Civic capital and service outsourcing: Evidence from Italy
| Autor: | Matthias Bürker, G. Alfredo Minerva, Irene Mammi |
|---|---|
| Přispěvatelé: | Bürker, Matthia, Mammi, Irene, Minerva, G. Alfredo |
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
SECS-P/02 Politica economica
Economics and Econometrics L24 L20 Outsourcing Civic Capital Purchased Service Intensity Vertical Integration Out-sourcing Settore SECS-P/02 - Politica Economica Vertical integration Opportunism Economics ddc:330 State dependence Endogeneity Purchased service intensity Settore SECS-P/01 - Economia Politica A13 Civic capital Service (business) Public economics business.industry R12 Free rider problem Quaderni - Working Paper DSE Capital (economics) business Finance |
| Zdroj: | Bürker, Matthias ; Mammi, Irene ; Minerva, Gaetano Alfredo (2018) Civic Capital and Service Outsourcing: Evidence from Italy. Bologna: Dipartimento di Scienze economiche, p. 41. DOI 10.6092/unibo/amsacta/6023 |
| DOI: | 10.6092/unibo/amsacta/6023 |
| Popis: | This paper studies whether civic capital (those persistent shared beliefs and values that help a group overcome the free rider problem in the pursuit of socially valuable activities) acts an effective restraint against opportunistic behavior in transactions by looking at the firm-level degree of service outsourcing in Italy. Our results show that firms tend to outsource more services in areas where civic capital is higher. We claim that the rise in the propensity to engage in transactions with outside service suppliers stems from the decrease in opportunism between the parties involved. We consider a dynamic specification which allows to disentangle state dependence of service out- sourcing from firm-level heterogeneity, and we use historical instruments to address the potential endogeneity of civic capital. |
| Databáze: | OpenAIRE |
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