752 research outputs found
Innovation for sustainability: a conceptual framework
No full textPurpose: Most articles in the field of management evidence that knowledge transfer enhances firms’ innovation, productivity and employment. Despite of the amount of studies a systematization of dimensions of knowledge transfer and its effects on firms sustainability is still absent. The purpose of this paper is to fill this literature gap. Design/methodology/approach: The author proposes a conceptual paper aimed to provide a framework for classifying knowledge transfer and its effects on firms’ competitiveness. Findings: The paper provides a conceptual paper on the role of innovation for sustainability. Originality/value: The author’s perspective on knowledge for sustainability is a topic of great interest for managers, practitioners and policy-makers
Saving Energy on Smartphones through Edge Computing: An Experimental Evaluation
No full textEdge computing is a network architecture in which computing and
storage capabilities are moved at the fringes of the Internet, close
to the end-users. The main goal of edge computing is to enable
responsive services, thanks to much shorter paths compared to
the ones encountered when communicating with remotely positioned cloud servers. In this paper, we report experimental results
concerning an overlooked benefit of edge computing: energy is
saved on client devices. We carried out an experimental evaluation
using both software-based and hardware-based energy estimation
methods. Results show that, for HTTP-based communication, the
lifetime of a device can be extended significantly when using the
edge instead of a remote cloud
What do bank acquirers want? Evidence from worldwide bank M&A targets
No full textGiven the recent traumatic events in the world’s banking industry it is important to understand what drives bankers to create larger and larger, often multinational, banking groups. In this paper we investigate whether the targets in cross-border bank M&As are materially different from those banks targeted in domestic M&A deals. To address this question we use a sample of over 24,000 banks from more than 100 countries. We begin by estimating the probability that a bank will be a M&A target; this probability is based upon both bank specific and country specific characteristics. The sample also naturally includes banks that were not involved in any M&A deal, this set of banks acts as a control sample for the study. We then estimate a multinomial model that distinguishes between (i) targets in domestic operations, (ii) targets in cross-border operations and (iii) non-targets. The main message of the paper is that, with few exceptions, domestic and foreign investors target similar banks. In particular, contrary to what one might expect, bank size does not affect differently the probability of being a domestic or a cross-border target, but it has a positive and highly significant effect in both cases. What differs between national and international M&As are the characteristics of the countries where banks operate. On average, banking systems characterized by lower leverage, higher cost inefficiency and lower liquidity are more likely to be targets of cross-border acquisitions, while none of this characteristics affects the likelihood of being acquired domestically
What do foreigners want? Evidence from targets in bank cross-border M&As
No full textGiven the recent traumatic events in the world’s banking industry it is important to understand what drives bankers to create larger and larger, often multinational, banking groups. In this paper we investigate whether the targets in cross-border bank M&As are materially different from those banks targeted in domestic M&A deals. To address this question we use a sample of over 24,000 banks from more than 100 countries. We begin by estimating the probability that a bank will be a M&A target; this probability is based upon both bank specific and country specific characteristics. The sample also naturally includes banks that were not involved in any M&A deal, this set of banks acts as a control sample for the study. We then estimate a multinomial model that distinguishes between (i) targets in domestic operations, (ii) targets in cross-border operations and (iii) non-targets. The main message of the paper is that, with few exceptions, domestic and foreign investors target similar banks. In particular, contrary to what one might expect, bank size does not affect differently the probability of being a domestic or a cross-border target, but it has a positive and highly significant effect in both cases. What differs between national and international M&As are the characteristics of the countries where banks operate. On average, banking systems characterized by lower leverage, higher cost inefficiency and lower liquidity are more likely to be targets of cross-border acquisitions, while none of this characteristics affects the likelihood of being acquired domestically
Unraveling the resource puzzle: exploring entrepreneurial resource management and the quest for new venture success
No full textExisting research highlights resource management as a complicated and multifaceted system comprising interdependent components, rather than a collection of independent factors. Nonetheless, the precise influence of resource management approaches on value generation and overall prosperity in new business endeavors, especially within diverse contextual environments, remains unclear. To address this gap, our study adopts a neo-configurational approach to explore how entrepreneurial resource management components (e.g., structuring, bundling, and leveraging) relate to achieving success in start-ups. We also examine the contextual influence of environmental dynamism and munificence on the effectiveness of these resource management strategies. By analyzing a comprehensive sample of over 500 US-based ventures, we develop a theoretical framework that encompasses four distinct resource management strategies. This framework provides insights into the attainment of success across diverse environments, characterized by varying levels of dynamism and munificence. Our study contributes to extant literature by emphasizing that the achievement of a competitive advantage in entrepreneurial firms is contingent upon the alignment of internal resource management strategies with external factors, specifically dynamism and munificence
The Lisbon Earthquake of 1755 and the Rebirth of the Portuguese Capital
No full textLe città, dopo i terremoti, mutano il loro skyline, diventando piatte realtà con seghettature
di orizzonti. Non appaiono solitamente skyscrapers, ma i profili adattano
le esigenze artistiche alle rigenerazioni. In questa discussione saranno presentati
quattro casi di studio diversi tra loro ma che hanno fili rossi che legano le riflessioni
degli autori. Una città e un territorio si trasformano radicalmente dopo un sisma: le
rigenerazioni urbane, spesso, modellano spazi con nuovi significati o con antiche semantiche
diversamente lette. Come sono i nuovi modelli architettonici e sociali che
derivano dal pregresso esistente e dalle nuove ricostruzioni di storie delle comunità?
Quali le culture antisismiche che derivano dalla storia e sopravvivono agli eventi
insieme a complesse gestioni dell’emergenza?
I contributi di Miguel Dantas da Cruz sul caso di Lisbona nel 1755, di Tommaso
Caiazza su San Francisco nel 1906, di Salvatore Botta sui sismi italiani del Novecento
e di Silvia Mantini sull’Aquila nel 2009 affrontano il tema delle ricostruzioni
urbane e immateriali, delle rinascite di società in nuovi paesaggi e delle politiche di
intervento realizzate in luoghi colpiti da terremoti. Le rispettive analisi tracciano un
percorso ideale che, a partire dal sisma di Lisbona e dell’Aquila nel Settecento, arriva
ai giorni nostri e si sofferma su epoche e contesti tra loro differenti, in cui sono
riscontrabili vari punti di analogia. Da un punto di vista politico il diverso profilo di
azione dei governi rispecchiò le logiche amministrative generali degli Stati in quei
momenti storici.info:eu-repo/semantics/publishedVersio
A cross-national analysis of policies affecting innovation diffusion
No full textInnovation diffusion is important for both firms’ profitability and countries’ economic growth. For these reasons, policies that aim to reduce the main barriers to innovation diffusion are a relevant issue on the agenda of most policy makers. Although the importance of this topic is widely recognized, few studies explore public policies that aim to enhance innovation diffusion. This article attempts to fill this literature gap. Specifically, the study aims to clarify the role of policy makers in promoting new technology diffusion, to identify the barriers that affect the process of innovation diffusion and that are relevant for public policy makers and to analyze potential policies to overcome the main barriers to the diffusion of new relevant technologies. This study shows that public policies must simultaneously address the most relevant barriers to the diffusion of a new technology to be effective. Focusing on only specific barriers by developing policies with a too narrow scope may lead to poor results. The study explores a topic that is almost neglected in the innovation management literature. On the one hand, the article provides a conceptual framework for analyzing public policies. On the other hand, it proposes an overview of the repertoire of policies that policy makers can use to overcome the most relevant barriers to the diffusion of a new technology. In doing so, it also contributes to the debate about the role of the policy maker in the process of innovation development and diffusion
The determinants of failed takeovers in the banking sector: Deal or country characteristics?
No full textThe consolidation process which characterized the banking industry in the last decades has been widely
analyzed, but very few studies have investigated the reasons which bring a number of announced deals to
failure. We fill this gap in the literature analyzing the characteristics of failed M&A operations in a large
sample, including all the major domestic and cross-border deals in the banking sector announced worldwide
between 1992 and 2010. The results show that the most important factors which determine the failure
of an announced operation are deal specific characteristics, in particular the hostility of the bidder
and the presence of multiple potential acquirers. Moreover, lengthier negotiations have a lower probability
of success. Contrary to expectations, cross-border operations are more likely to be successfully completed
than domestic ones
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