Institutional innovations in industrial districts

  • Riccardo Varaldo
  • Luca Ferrucci
Part of the Contributions to Economics book series (CE)


The present essay aims to analyse the nature and the evolution of industrial district firms in terms of their institutional model. It is divided into four parts. In the first part, we observe the presence of certain barriers preventing institutional change in each model of firm. In the second part, some specific institutional and historical features in industrial district firms are observed which confirm the presence of high barriers preventing change in ownership. In the third part, the main paths of institutional evolution of district capitalism are outlined, especially with regard to the internal local system. Finally, in the last part, we suggest some possible implications regarding industrial policy supporting institutional innovations to the ownership of these firms.


Small Firm Tacit Knowledge Institutional Change Industrial Policy Stock Option 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer-Verlag Berlin Heidelberg 2004

Authors and Affiliations

  • Riccardo Varaldo
    • 1
  • Luca Ferrucci
    • 2
  1. 1.Sant’Anna SchoolPisaItaly
  2. 2.Faculty of EconomicsUniversity of PerugiaPerugiaItaly

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