5358 research outputs found
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Family office
No full textIl family office è uno strumento facilitatore della trasmissione di ricchezza da una generazione all'altra. Di grande utilizzo negli Stati Uniti e di crescente successo in Asia e Europa - Italia compresa (Rivo-Lopez et al., 2017). La creazione di un family office è un fenomeno in continua crescita, che, specialmente nelle ultime due decadi, ha giocato un ruolo chiave nella trasmissione e nello sviluppo della ricchezza tra le generazioni delle famiglie imprenditoriali (Rivo-Lopez et al., 2017). Per questa ragione si è deciso di trattare, seppur brevemente, questo importante strumento all'interno del presente volume
Disclosure quality under integrated reporting: a value relevance approach
No full textIn response to the growing information needs of stakeholders, the Integrated Report (IR) has been proposed to enhance overall transparency by merging traditional reporting and corporate social responsibility. Despite the wide debate on IR, the evidence of its effects remains mainly confined to a mandatory adoption context. We thus resort to a panel specification of the value relevance framework to analyse the effects of IR voluntary adoption on a sample that spans 15 years, from 2003 to 2017, covering 636 companies from 57 countries. The results support the view that the IR (i) enhances corporate disclosure and reduces information asymmetries; (ii) increases the quality of reported earnings per share; (iii) does not positively influence the value relevance of book value; and it (iv) has marginally decreasing benefits. Lastly, our results (v) do not seem to be affected by the geographical provenance and countries' economic structures and (vi) do not reveal clear-cut evidence on the relationship between the factors influencing adoption and greater benefits for companies mostly exposed to them
Local self-government
No full textThis essay is based on a field survey in the central Himalayan highlands, Nepal, badly hit by earthquakes in spring 2015. The affected remote communities have always been constrained by spatial and economic marginality and have suffered not only from the earthquakes but also a number of geophysical hazards and economic problems, including the inexorable outbound migration of young and adult workforce in recent decades. Accordingly, they are one of the most vulnerable communities in Asia. Post-earthquake reconstruction represents an opportunity to reduce their vulnerability, to foster collective resilience, to stop (and reverse) outbound migratory movement by employing local workforce in recovery and reconstruction projects, and to develop a sustainable economy through use of well-targeted economic and fiscal policies and encouragement of entrepreneurial activism. Reducing human vulnerability is key to fostering sustainable economic development after disaster
A structural model of direct measurement
No full textIn the last few decades foundations of measurement have developed so as to account for both the role of modeling in measurement, in particular relating to the presence and the effects of measurement uncertainty, and the fact that any measurement is performed by using instruments that work on the basis of transduction effects and provide justified results only in so far as they are properly calibrated. This has triggered a new interest about the role of instruments in the models of measurement. The structure of the process has been variously studied in reference to the connection between measured properties and indications provided by instruments, and to the way in which intersubjective information on the measurand is acquired through instrument calibration. From such a background this paper proposes a comprehensive structural model of direct measurement, whose functional elements, empirical and informational, are presented with a bottom-up strategy as a set of interrelated modules. The result, shown to be a generalization of some of the models currently available in the literature of measurement science, highlights the key role of scales for measurement, clarifies the conceptual and operative relations between direct measurement and calibration, and identifies the principal sources of measurement uncertainty in the structural context of the process. This model is intended to interpret both physical and non-physical measurements, and as such it is a component of a "measurement across the sciences" research programme
The new triple-helix policy of Lombardy region: evidence from nine innovation clusters
No full textInnovation clusters represent a concerted effort to bring together research, industry and government in line with the triple-helix framework. Clusters affect and are affected by their regional context where they are located. From this perspective, clusters are regarded as an integral part of regional innovation systems. A regional renewal based on innovation clusters may end up into incremental change, diversification or radical change and may involve the regional government, regional clusters association and cluster organisations. Nevertheless, little is known about how regions drive the implementation of renewal policies based on innovation clusters, differentiating among regional development paths and levels of regional governance. Hence, we collected data according to an embedded comparative case study research design on Lombardy region, where the regional government promoted a triple-helix inspired policy of implementing nine innovation clusters. Findings have both conceptual and policy implications with regard to triple-helix, clusters and regional innovation systems
Closed-system devices in the chemotherapeutic infusions preparation and administration: a value-based HTA
No full text17-19 June 201
Brexit and CDS spillovers across UK and Europe
No full textThe purpose of the paper is twofold. First, it aims at identifying when UK and European (France, Germany, Italy and Spain) Credit Default Swaps (CDSs) exhibit explosivity with respect to their past behaviors. Second, it seeks to quantify the dynamics of CDS volatility spillover effects surrounding the UK’s EU membership referendum commonly known as "Brexit". Using a recursive identification algorithm and new spillover measures suggested by Diebold and Yilmaz (2012), two interesting findings were drawn. We detect significant build-ups in CDS prices for all countries under study soon after the day relative to the announcement of Brexit. In addition, we show that the great uncertainty over Brexit generates significant risk spillovers across the underlined CDS. In particular, we find that UK, Italy and Spain are the "net volatility transmitters", while France and Germany seem the "net volatility receivers". Our findings may help in formulating appropriate regulatory policies and designing effective hedging strategies
Older and wiser? How management style varies with age
No full textOne of the most profound recent changes in the workplace has been the increase in age diversity. Large organizations have employees from as many as five generations. Age diversity, like other forms of diversity, the authors say, can bring significant benefits to the organizations that embrace it, but it also creates challenges. Different generations have their own expectations and demands, and working relationship can become strained: it's not always easy to report to someone who is significantly older or younger than you. The authors surveyed more than 10.000 managers ages 21 to 70 across multiple industry sectors to learn about their preferred styles of working. By asking managers to identify the techniques and tools they saw as most important, the authors discovered significant differences. They found that management style varied more with age than other factors (such as position in the organization and gender). Younger managers (typically in their 20s and 30s) took a more self-centered approach and put a lot of stock in making good first impressions and asserting themselves. They preferred concrete management techniques (such as knowing how to run an effective meeting). Older managers (typically in their 50s and 60s) favored a more inclusive and collaborative approach, and relied on more intuitive and holistic techniques. The framework, the authors write, can help people understand how their management styles align with those of their peers or boss and make it easier for individuals to navigate their working relationships