Selected publications


COWLING, M., UGHETTO, E., LEE, N., (2018) “The innovation debt penalty: cost of debt, loan default, and the effects of a public loan guarantee on high-tech firms”, Technological Forecasting and Social Change, Volume 127, Pages 166-176, DOI 10.1016/J.TECHFORE.2017.06.016

CROCE, A., GUERINI, M., UGHETTO, E., (2018), “Angel financing and the performance of high-tech start-ups: an exploratory study”, Journal of Small Business Management, Volume 56, Issue 2, Pages 208-228, DOI 10.1111/JSBM.12250

GRILLI, L., MAZZUCATO, M., MEOLI, M., SCELLATO, G., (2018), “Sowing the seeds of the future: policies for financing tomorrow’s innovations”, Technology Forecasting and Social Change, Volume 127, Pages 1-7, DOI 10.1016/J.TECHFORE.2017.10.021

SCELLATO, G., FRANZONI, C., STEPHAN, P., (2018), “Context factors and the performance of mobile individuals in research teams”, Journal of Management Studies, Volume 55, Issue 1, Pages 27-59, DOI 10.1111/JOMS.12279


COLOMBELLI, A., PAOLUCCI, E., UGHETTO, E., (2017), “Hierarchical and relational governance and the life cycle of entrepreneurial ecosystems”, Small Business Economics, Pages 1-17, DOI 10.1007/S11187-017-9957-4

TENCA, F., CROCE, A., UGHETTO, E., (2017), “Business angels research in entrepreneurial finance: a literature review and a research agenda”, Journal of Economic Surveys, Volume 32, Issue 5, Pages 1384-1413, DOI 10.1111/JOES.12224

CAVIGGIOLI, F., DE MARCO, A., SCELLATO, G., UGHETTO, E., (2017), “Corporate strategies for technology acquisition: evidence from patent transactions”, Management Decision, Volume 55, Issue 6, Pages 1163-1181, DOI 10.1108/MD-04-2016-0220

CROCE, A., TENCA, F., UGHETTO, E., (2017), “How business angel groups work: rejection criteria in investment evaluation”, International Small Business Journal, Volume 35, Issue 4, Pages 405-426, DOI 10.1177/0266242615622675

DE MARCO, A., SCELLATO, G., UGHETTO, E., CAVIGGIOLI, F., (2017), “Global markets for technology: evidence from patent transactions”, Research Policy, Volume 46, Issue 9, Pages 1644-1654, DOI 10.1016/J.RESPOL.2017.07.015

SCELLATO, G., FRANZONI, C., STEPHAN, P., (2017), “A mobility boost for research”, Science, Volume 356, Issue 6339, Pages 694-694, DOI 10.1126/SCIENCE.AAN4052

UGHETTO, E., SCELLATO, G., COWLING, M., (2017), “Cost of capital and public loan guarantees to small firms”, Small Business Economics, Volume 49, Issue 2, Pages 319-337, DOI 10.1007/S11187-017-9845-Y


ANTONELLI, C., CRESPI, F., OSPINA, C., SCELLATO, G., (2016), “Knowledge composition, Jacobs externalities and innovation performance in European regions”, Regional Studies, Volume 51, Issue 11, Pages 1708-1720, DOI 10.1080/00343404.2016.1217405

BUZZACCHI, L., SCELLATO, G., UGHETTO, E., (2016) “Medical malpractice claims in Italy: scale and scope effects”, Social Science & Medicine, Volume 170, Pages 152-160, DOI 10.1016/J.SOCSCIMED.2016.10.021

CAMBINI, C., CAVIGGIOLI, F., SCELLATO, G., (2016), “Innovation and market regulation: evidence from the European electricity industry”, Industry and Innovation, Volume 23, Issue 8, Pages 734-752, DOI 10.1080/13662716.2016.1206464

CAVIGGIOLI, F., (2016), “Technology fusion: identification and analysis of the drivers of technology convergence using patent data”. Technovation, Volumes 55-56, Issues J-K, Pages 22-32, DOI 10.1016/J.TECHNOVATION.2016.04.003

CAVIGGIOLI, F., UGHETTO, E., (2016), “Buyers in the patent auction market: opening the black box of patent acquisitions by non-practicing entities". Technological Forecasting & Social Change, Volume 104, Issue C, Pages 122-132, DOI 10.1016/J.TECHFORE.2015.11.031

FRANZONI, C., SCELLATO, G., STEPHAN, P., (2016), “Global competition for scientific talent: evidence from location decisions of PhDs and postdocs in 16 countries”, Industrial and Corporate Change, Volume 25, Issue 3, Pages 457-485, DOI 10.1093/ICC/DTV037

UGHETTO, E., (2016), “Investments, financing constraints and buyouts: the effect of private equity investors on the sensitivity of investments to cash flow”, The Manchester School, Volume 84, Issue 1, Pages 25-54, DOI 10.1111/MANC.12085

UGHETTO, E., (2016), “Growth of born globals: the role of the entrepreneur’s personal factors and venture capital”, International Entrepreneurship and Management Journal, Volume 12, Issue 3, Pages 839-857, DOI 10.1007/S11365-015-0368-1, DOI 10.​1007/​S11365-015-0371-6 (erratum)


AGOSTINI, L., CAVIGGIOLI, F., (2015), “R&D collaboration in the automotive innovation environment: an analysis of co-patenting activities”, Management Decision, Volume 53, Issue 6, Pages 1224-1246, DOI 10.1108/MD-06-2014-0407

AGOSTINI, L., CAVIGGIOLI, F., FILIPPINI, R., NOSELLA, A., (2015), “Does patenting influence SME sales performance? A quantity and quality analysis of patents in Northern Italy”, European Journal of Innovation Management, Volume 18, Issue 2, Pages 238-257, DOI 10.1108/EJIM-07-2013-0071

ANTONELLI, C., COLOMBELLI, A., (2015), “The knowledge cost function”, International Journal of Production Economics, Volume 168, Pages 290-302, DOI 10.1016/J.IJPE.2015.06.031

ANTONELLI, C., COLOMBELLI, A., (2015), “External and internal knowledge in the Knowledge Generation Function”, Industry and Innovation, Volume 22, Issue 4, Pages 273–298, DOI 10.1080/13662716.2015.1049864

CAVIGGIOLI, F., DE MARCO, A., SCELLATO, G., ROGO F., (2015), “Patenting strategies and characteristics of declared inventions in the long term evolution standard”, R&D Management, Volume 46, Issue 2, Pages 664-676, DOI 10.1111/RADM.12194

COLOMBELLI, A., (2015), “Top management team characteristics and firms growth: evidence from a sample of listed companies”, International Journal of Entrepreneurial Behaviour & Research, Volume 21, Issue 1, Pages 107-127, DOI 10.1108/IJEBR-10-2013-0181

CORTESE, C., GHISLIERI, C., MOLINO, M., MERCURI, A., COLOMBELLI, A., CANTAMESSA, M., PAOLUCCI, E., CAROSSA, M., CARPANETO, A., (2015), “Promuovere lo sviluppo delle start-up”, Sviluppo e Organizzazione, Volume 265, Issue G, Pages 69-78

ANTONELLI, C., CRESPI, F., SCELLATO, G., (2015), “Productivity growth persistence: firm strategies, size and system properties”, Small Business Economics, Volume 45, Issue 1, Pages 129-147, DOI 10.1007/S11187-015-9644-2

BUZZACCHI, L., SCELLATO, G., UGHETTO, E., (2015), “Investment stage drifts and venture capital managerial incentives”, Journal of Corporate Finance, Volume 33, Issue C, Pages 118-128, DOI 10.1016/J.JCORPFIN.2015.05.006

CANNONE, G., UGHETTO, E., (2015), “Internationalization flows of high-tech start-ups: a gravity model”, European Business Review, Volume 27, Issue 1, Pages 60-79, DOI 10.1108/EBR-03-2014-0020

CROCE, A., D’ADDA, D., UGHETTO, E., (2015), “Venture capital financing and the financial distress risk of portfolio firms: how independent and bank-affiliated investors differ”, Small Business Economics: An Entrepreneurship Journal, Volume 44, Issue 1, Pages 189-206, DOI 10.1007/S11187-014-9582-4

FRANZONI, C., SCELLATO, G., STEPHAN, P., (2015), “International competition for PhD and postdoctoral scholars: what does (and does not) matter”, Innovation Policy and the Economy, Volume 15, Issue 1, Pages 73-113, DOI 10.1086/680060

FRANZONI, C., SCELLATO, G., STEPHAN, P., (2015), “Migrant scientists and international networks”, Research Policy, Volume 44, Issue 1, Pages 108-120, DOI 10.1016/J.RESPOL.2014.07.014

ODASSO, C., SCELLATO, G., UGHETTO, E., (2015), “Selling patents at auction: an empirical analysis of patent value”, Industrial and Corporate Change, Volume 24, Issue 2, Pages 417-438, DOI 10.1093/ICC/DTU015


ANTONELLI, C., SCELLATO, G., (2014), “Firm size and directed technological change”, Small Business Economics, Volume 44, Issue 1, Pages 207-218, DOI 10.1007/s11187-014-9593-1

AURICCHIO, M., CANTAMESSA, M., COLOMBELLI, A., CULLINO, R., ORAME, A., PAOLUCCI, E., (2014), “Gli incubatori d’impresa in Italia”, Questioni di Economia e Finanza, Number 216, Issue D, Banca d’Italia

CANNONE, G., UGHETTO, E., (2014), “Born globals: a cross-country survey on high-tech start-ups”, International Business Review, Volume 23, Issue 1, Pages 272-283, DOI 10.1016/J.IBUSREV.2013.05.003

CANNONE, G., UGHETTO, E., (2014), “Funding innovation at regional level: an analysis of a public policy intervention in the Piedmont region”, Regional Studies, Volume 48, Issue 2, Pages 270-283, DOI 10.1080/00343404.2011.653338

CAVIGGIOLI, F., UGHETTO, E., (2014), “The drivers to patent transactions: corporate views on the market for patents”, R&D Management, Volume 43, Issue 4, Pages 318-332, DOI 10.1111/RADM.12016

COLOMBELLI, A., KRAFFT, J., QUATRARO, F., (2014), “The emergence of new technology-based sectors at the regional level: a proximity-based analysis of nanotechnology”, Research Policy, Volume 43, Issue 10, Pages 1681-1696, DOI 10.1016/J.RESPOL.2014.07.0084

COLOMBELLI, A., KRAFFT, J., QUATRARO, F., (2014), “High growth firms and knowledge structure: evidence from a sample of listed companies”, Industrial and Corporate Change, Issue 23, Volume 1, Pages 261-291, DOI 10.1093/ICC/DTT053

COLOMBELLI, A., QUATRARO, F., (2014), “The persistence of firms’ knowledge base: a quantile approach to Italian data”, Economics of Innovation and New Technology, Volume 23, Issue 7, Pages 585-610, DOI 10.1080/10438599.2013.871164

FRANZONI, C., SCELLATO, G., STEPHAN, P., (2014), “The mover’s advantage. The superior performance of migrant scientists”, Economic Letters, Volume 122, Issue 1, Pages 879-893, DOI 10.1016/J.ECONLET.2013.10.040

LE BAS, C., SCELLATO, G., (2014), “Firm innovation persistence: a fresh look at the framework of analysis”, Economics of Innovation and New Technology, Volume 23, Issues 5-6, Pages 423-446, DOI 10.1080/10438599.2014.895511

SCELLATO, G., UGHETTO, E., (2014), “Real effects of private equity investments: evidence from European buyouts”, Journal of Business Research, Volume 66, Issue 12, Pages 2642-2649, DOI 10.1016/J.JBUSRES.2012.06.001


ANTONELLI, C., CRESPI, F., SCELLATO, G., (2013), “Internal and external factors in innovation persistence”, Economics of Innovation and New Technology, Volume 22, Issue 3, Pages 256-280, DOI 10.1080/10438599.2012.708135

ANTONELLI, C., SCELLATO, G., (2013), “Complexity and innovation: social interactions and firm level total factor productivity”, Journal of Evolutionary Economics, Volume 23, Issue 1, Pages 77-96, DOI 10.1007/S00191-012-0299-8

BUZZACCHI, L., SCELLATO, G., UGHETTO, E., (2013), “The investment strategies of publicly sponsored venture capital funds”, Journal of Banking and Finance, Volume 37, Issue 3, Pages 707-716, DOI 10.1016/J.JBANKFIN.2012.10.018

CARDI, M., UGHETTO, E., (2013), “Il capitale di rischio per lo sviluppo delle PMI”, Rubettino Editore

CAVIGGIOLI, F., SCELLATO, G., UGHETTO, E., (2013), “International patent disputes: evidence from oppositions at the European Patent Office”, Research Policy, Volume 42, Issue 9, Pages 1634-1646, DOI 10.1016/J.RESPOL.2013.06.004

COLOMBELLI, A., HANED, N., LE BAS, C., (2013), “On firm growth and innovation. Some new empirical perspectives using French CIS surveys (1992-2004)”, Structural Change and Economic Dynamics, Volume 26, Pages 14-26, DOI 10.1016/J.STRUECO.2013.03.002

COLOMBELLI, A., KRAFFT, J., QUATRARO, F., (2013), “Properties of knowledge base and firm survival: evidence from a sample of French manufacturing firms”, Technological Forecasting and Social Change, Volume 80, Issue 8, Pages 1469-1483, DOI 10.1016/J.TECHFORE.2013.03.003


ANTONELLI, C., CRESPI, F., SCELLATO, G., (2012), “Inside innovation persistence: new evidence from Italian micro-data”, Structural Change and Economic Dynamics, Volume 23, Issue 4, Pages 341-353, DOI 10.1016/J.STRUECO.2012.03.002

CANNONE, G., UGHETTO, E., (2012), “Finanza pubblica a sostegno del capitale di rischio: quali iniziative regionali?”, in NICOLAI, M. Finanza Pubblica e Federalistmo Strumenti Finanziari Innovativi: Autonomia e Sostenivilità, Primo Rapporto sulla Finanza Pubblica di Fondazione Rosselli, Pages 675-704, Maggioli Editore

COLOMBELLI, A., QUATRARO, F., (2012), “The European firm”, in DIETRICH, M. and KRAFFT, J. (editors) Handbook on the Economics and Theory of the Firm, Pages 209-226, Edward Elgar, Cheltenham

FRANZONI, C., SCELLATO, G., STEPHAN, P., (2012), “Foreign-born scientists: mobility patterns for sixteen countries”, Nature Biotechnology Volume 30, Issue 12, Pages 1250-1253, DOI 10.1038/NBT.2449

UGHETTO, E., (2012), “Buyouts in western European countries: the impact on company growth and innovation”, in CUMMING, D. The Oxford Handbook of Private Equity, Pages 300-326, Oxford University Press, New York


ANTONELLI, C., COLOMBELLI, A., (2011), “The generation and exploitation of technological change: market value and total factor productivity”, The Journal of Technology Transfer, Volume 36, Issue 4, Pages 353-382, DOI 10.1007/S10961-010-9198-Z

ANTONELLI, C., COLOMBELLI, A., (2011), “Globalization and directed technological change at the firm level: the European evidence”, in LIBECAP, G. Advances in the Study of Entrepreneurship, Innovation and Economic Development, Volume 22, Emerald, Emerald Award for Excellence 2012

ANTONELLI, C., SCELLATO, G., (2011), “Out of equilibrium profit and innovation”, Economics of Innovation and New Technologies, Volume 20, Issue 5, Pages 405-421, DOI 10.1080/10438599.2011.562350

CAVIGGIOLI, F., (2011), “Foreign applications at the Japan patent office: an empirical analysis of selected growth factors”, World Patent Information, Volume 33, Issue 2, June 2011, Pages 157-167, DOI 10.1016/J.WPI.2010.12.002

COLOMBELLI, A., VON TUNZELMANN, G.N., (2011), “The persistence of innovation and path-dependence”, in ANTONELLI, C. The System Dynamics of Technological Change, Edward Elgar, Cheltenham

FRANZONI, C., SCELLATO, G., (2011), “Academic patenting and the consequence for scientific research”, Australian Economic Review, Volume 44, Issue 1, Pages 95-101, DOI 10.1111/J.1467-8462.2010.00624.X

FRANZONI, C., SCELLATO, G., STEPHAN, P., (2011), “Changing incentives to publish”, Science, Volume 333, Issue 6043, Pages 702-703, DOI 10.1126/SCIENCE.1197286

ODASSO, C., UGHETTO, E., (2011), “Patent backed securities in pharmaceuticals: what determines success or failure?”, R&D Management, Volume 41, Issue 3, Pages 219-239, DOI 10.1111/J.1467-9310.2011.00646.X

UGHETTO, E., VEZZULLI, A., (2011), “What role can mutual guarantee consortia play for financing innovation? A firm-level study for Italy”, International Journal of Banking, Accounting and Finance, Volume 3, Issue 4, Pages 294-319, DOI 10.1504/IJBAAF.2011.043704


CANNONE, G., UGHETTO, E., (2010), “Il finanziamento pubblico regionale a supporto dell’innovazione”, Economia e Politica Industriale, Volume 370, Issue 3, Pages 117-143, DOI 10.3280/POLI2010-003006

CASSIA, L., COLOMBELLI, A., (2010), “Growth factors in medium-sized enterprises: the case of an Italian region”, International Entrepreneurship and Management Journal, Volume 6, Issue 4, Pages 437-458, DOI 10.1007/S11365-009-0129-0

CATALANO, G., LANDONI, P., SCELLATO, G., (2010), “Science parks contribution to scientific and technological development”, International Journal of Technology, Policy and Management, Volume 10, Issues 1-2, Pages 1468-4322, DOI 10.1504/IJTPM.2010.032852

COLOMBELLI, A., (2010), “Alternative investment market: a way to promote entrepreneurship”, Journal of Industry Competition and Trade, Volume 10, Issues 3-4, Pages 253-274, DOI 10.1007/S10842-010-0079-9

CRESPI, F., SCELLATO, G., (2010), “Ownership structure, internal financing and investment dynamics”, The Manchester School, Volume 78, Issue 3, Pages 242-258, DOI 10.1111/J.1467-9957.2009.02134.X

FRANZONI, C., SCELLATO, G., (2010), “The grace period in international patent law and its effect on timing of disclosure”, Research Policy, Volume 39, Issue 2, Pages 200-213, DOI 10.1016/J.RESPOL.2009.11.006

ODASSO, C., UGHETTO, E., (2010), “La cartolarizzazione di brevetti nel settore farmaceutico: un’analisi fuzzy”, Bancaria, Volume 2, Pages 28-41

SCELLATO, G., UGHETTO, E., (2010), “The Basel II reform and the provision of finance for R&D activities in SMEs: an analysis for a sample of Italian companies”, International Small Business Journal, Volume 28, Issue 1, Pages 65-89, DOI 10.1177/0266242609350825

UGHETTO, E., (2010), “Assessing the contribution to innovation of private equity investors: a study on European buyouts”, Research Policy, Volume 39, Issue 1, Pages 126-140, DOI 10.1016/J.RESPOL.2009.11.009


BRIOSCHI, M.S., CASSIA, L., COLOMBELLI, A., (2009), “Common frameworks for regional competitiveness: insights from a number of local knowledge economies”, Italian Journal of Regional Science, Rivista di Scienze Regionali, Volume 8, Issue 2, Pages 19-43, DOI 10.3280/SCRE2009-002002

CALDERINI, M., MONCALVO, D., SCELLATO, G., (2009), “R&D platforms”, in CHIESA, V. and FRATTINI, A. Evaluation and Performance Measurement of Research and Development, Edward Elgar, Cheltenham

CALDERINI, M., UGHETTO, E., (2009), “Finanziare l’innovazione”, Giappichelli Editore, Torino, ISBN 88-34-89565-7

CALDERINI, M., UGHETTO, E., (2009), “Vincoli finanziari e distretti industriali: quanto contano le fonti interne di finanziamento?”, L’Industria, Volume 2, Pages 457-477, DOI 10.1430/30004

CASSIA, L., COLOMBELLI, A., PALEARI, S., (2009), “Firms growth: does the innovation system matter?”, Structural Change and Economics Dynamics, Volume 20, Issue 3, Pages 211-220, DOI 10.1016/J.STRUECO.2009.01.001

SCELLATO, G., UGHETTO, E., (2009), “Basel II and the financing of R&D investments”, in SILIPO, D. The Banks and the Italian Economy, Pages 135-160, Springer Physical-Verlag, Berlin Heidelberg

UGHETTO, E., (2009), “Industrial districts and financial constraints to innovation”, International Review of Applied Economics, Volume 23, Issue 5, Pages 597-624, DOI 10.1080/02692170903007599


BUZZACCHI, L., SCELLATO, G., (2008), “Patent litigation insurance and R&D incentives”, International Review of Law and Economics, Volume 28, Issue 4, Pages 272-286, DOI 10.1016/J.IRLE.2008.07.005

CASSIA, L., COLOMBELLI, A., (2008), “Do universities knowledge spillovers impact on new firm’s growth? Empirical evidence from UK”, International Entrepreneurship and Management Journal, Volume 4, Issue 4, Pages 453-465, DOI 10.1007/S11365-008-0084-1

CASSIA, L., COLOMBELLI, A., (2008), “Orientamento imprenditoriale e crescita della media impresa”, Studi Organizzativi, Volume 2008, Issue 1, Pages 97-116

CASSIA, L., COLOMBELLI, A., PALEARI, S., (2008), “Regional transformation processes through the universities, institutions and industry relationship”, Industry and Higher Education, Volume 22, Issue 2, Pages 105-118, DOI 10.5367/000000008784139451

UGHETTO, E., (2008), “Does finance matters for R&D investment? New evidence from a panel of Italian firms”, Cambridge Journal of Economics, Volume 32, Issue 6, Pages 907-925, DOI 10.1093/CJE/BEN015

UGHETTO, E., (2008), “The financing of innovative activities by banking institutions: policy issues and regulatory options”, in LAPERCHE, B. and UZUNIDIS, D. Powerful Finance and Innovations Trends in a High-Risk Economy, Pages 224-247, Palgrave Macmillan, London

UGHETTO, E., VEZZULLI, A., (2008), “Guarantee-backed loans, default prediction and value at risk”, in BRACCHI, G. and MASCIANDARO, D. le Banche ed il Governo dei Ricchi: Mercati, Consumatori, Regole, Edibank


SCELLATO, G., (2007), “Patents, firm size and financial constraints: an empirical analysis for a sample of Italian manufacturing firms”, Cambridge Journal of Economics, Volume 31, Issue 1, Pages 55-76, DOI 10.1093/CJE/BEL006

UGHETTO, E., (2007), “Foresight as a triple helix of industry, university and government relations”, Foresight, Volume 9, Issue 25, Pages 14-22, DOI 10.1108/14636680710821061

UGHETTO, E., (2007), “Innovare nel distretto. Il ruolo del mercato del credito”, Sviluppo Locale, Volume 12, Issue 28, Pages 33-65

UGHETTO, E., (2007), “Le banche ed il finanziamento dell’innovazione. Problematiche, opportunità e nuovi sviluppi dopo Basilea”, Bancaria, Volume 1, Pages 56-65


COLOMBELLI, A., (2006), “Modelli di trasformazione territoriale: lezioni per Torino?”, in RUSSO, G. and TERNA, P. Produrre a Torino, Otto Editore, Torino

UGHETTO, E., (2006), “Territorial proximity and credit constraints to innovation: evidence from a sample of italian firms”, in BRACCHI, G. and MASCIANDARO, D. Banche e Geografia: Nuove Mappe Produttive e Metamorfosi del Credito, Pages 435-456, Edibank


CALDERINI, M., SCELLATO, G., (2005), “Academic research, technological specialization and the innovation performance in European regions: an empirical analysis in the wireless sector”, Industrial and Corporate Change, Volume 14, Issue 2, Pages 279-305, DOI 10.1093/ICC/DTH054


CALDERINI, M., SCELLATO, G., (2003), “Interpretare l’innovazione”, Edizioni Fondazione Giovanni Agnelli, Torino, ISBN 88-7880-185-3