Territorial Capital as a Company Intangible: Exploratory Evidence from Ten Italian Multinational Corporations

Mariachiara Barzotto, Giancarlo Corò, Mario Volpe

Research output: Contribution to journalArticlepeer-review

19 Citations (SciVal)


The purpose of this paper is twofold. First, to explore to what extent being located in a territory is value-relevant for a company. Second, to understand if a company is aware of, and how it can sustain, the territorial tangible and intangible assets present in the economic area in which it is located.

The study presents an empirical multiple case-study, investigating ten mid-/large-sized Italian companies in manufacturing sectors.

The results indicate that the sampled manufacturing companies are intertwined with the environment in which they are embedded, both in their home country and in host ones. The domestic territorial capital has provided, and still provides, enterprises with workers endowed with the necessary technical skills that they can have great difficulty in finding in other places. In turn, companies support territorial capital generation through their activities.

Research limitations/implications
To increase the generalisability of the results, future research should expand the sample and examine firms based in different countries and sectors.
Original languageEnglish
Pages (from-to)148-167
Number of pages20
JournalJournal of Intellectual Capital
Issue number1
Publication statusPublished - 11 Jan 2016


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