1,721,087 research outputs found
L’Accordo di Basilea Due: possibili implicazioni per l’impresa sociale
No full textNel lavoro si analizzano le possibili implicazioni derivanti dall'applicazione dell'Accordo di Basilea Due per le imprese sociali, alla luce anche del recente decreto legislativo 155/2006 che le disciplina
Dibattito su tasse europee per un bilancio federale europeo
No full textIntervento sulla politica fiscale nell'Unione Europe
International Workshop on Cooperative and Social Enterprises in the midst of the Economic Crisis,
No full text
Le difficoltà di finanziamento delle labour managed firms ed il razionamento del credito
No full textThe financial constraint in raising capital is the main obstacle to the diffusion of Labour managed
firms (LMFs). In this kind of firms the separation of ownership and control creates problems that go beyond
the guaranteeing of creditors and the cost of debt is very high.
In the paper, we demonstrate that allowing for self-financing, obtained by bonds, LMFs obtain the
necessary initial capital and reduce their debt to equity ratio, thus reducing the cost of external financing
too.
If one allows for this solution and bonds obtained by partners for self-financing are used as collateral
for capital borrowed by banks, the moral hazard in the LMF is less sizeable than in a joint-stock company
(defined in this paper as CMF) and credit rationing too. This result depends on the form of the utility
function of LMF members, which differs from the CMF shareholders’ utility function, since it includes
income stability and co-operation, which hinder the undertaking of risky projects
L'interazione interpersonale, il capitale sociale e il pensiero di Genovesi
No full textNEL LAVORO SI ANALIZZANO SIMILITUDINI E DIFFERENZE TRA IL CONCETTO DI FEDE PUBBLICA DI GENOVESI E IL CONCETTO DI CAPITALE SOCIALE CUI ESSO E' STATO SPESSO ACCOSTATO
- …
