1,721,046 research outputs found
Graziano Arrighetti (a cura di), Poesia Greca
No full textDonnet Daniel. Graziano Arrighetti (a cura di), Poesia Greca. In: L'antiquité classique, Tome 66, 1997. pp. 383-384
Recession and firm survival: is selection based on cleansing or skill accumulation?
Full text linkRecessions are complex events that create highly unpredictable and unstable business environments. When faced with such events, firm survival depends only limitedly on production efficiency. Rather, it depends on the skills and ability to cope with such complexity. In particular, we expect firms adopting a corporate strategy that makes relatively large use of skills and capabilities to deal with environmental complexity to be less likely to exit during a downturn than firms that do not. We test this hypothesis on the whole population of Italian manufacturing corporations using an open panel that covers the period 2001–2013. The results provide strong support for our hypotheses in the full sample and in the subsamples of small firms, thus suggesting that skill development can successfully empower smaller and more vulnerable firms. Managerial and policy implications are discussed
Restauro Archeologico
Full text linkSpecial Volume dedicated to archaeometric analyses of Gandharan stucco and clay sculptures, gilding and pigment
Are «Happy» Firms All Alike? A Comparative Analysis of Italian and German Manufacturing Systems
No full textRecent works in the comparative economics literature suggest the emergence of a predominant neoliberal model of capitalism. A similar trend characterizes the management literature where competitive advantages are increasingly associated with integrated global engagement, a strategic paradigm leaning on complementarities among r&d, human capital and export/fdi. While both views imply growing institutional and strategic homologation, other studies show only partial convergence in institutional settings and considerable heterogeneity in managerial conducts. This paper explores these issues by comparing the characteristics of Italian and German manufacturing firms. Independently of the country, globally engaged firms are similar in firm-specific variables (size, age, innovation) that are usually associated with good economic performance but remain highly differentiated in institution-related variables. Firms not adopting a global engagement strategy are markedly heterogeneous in all dimensions. Global engagement pushes firms to become more similar across countries, but the variety of institutional settings continues to affect the evolution of business
Sluggish investment, crisis and firm heterogeneity
No full textThe stagnation of investments and its causes have attracted great attention in the recent economic debate. In this paper, we show that during the Great Recession, the flattening of the capital formation rate at the firm level is not due to lower average propensity to invest. Rather, it is the result of growing heterogeneity of choices among firms. While a subset of firms is oriented towards increasing investments, another group substantially divest. The result is a polarization of conducts that tend to cancel each other out, resulting in a flattening of aggregate investment. We argue that this asymmetry in firm's decisions depends on two main factors. The first one is the diversity of corporate strategies, which firms have developed in the past. The second driver is managerial discretion, that plays an important role in the adoption of specific investment/divestment trajectories when faced with a recession. The results of our empirical analysis provide strong support for our hypotheses: after controlling for contextual and firm-specific structural, financial and demographic variables, corporate strategies and managerial discretion in the allocation of liquid assets explain large part of the heterogeneity in investment decisions during the recession. Policy implications are discussed
Explaining the multifaceted patterns of migrant firms in the global economy: a resource-based approach
Full text linkPurpose – This article introduces a novel theoretical model aimed at categorizing in a unitary framework the migrant enterprise as an autonomous entity, providing a reliable explanation of the heterogeneous features and performances displayed by these firms in the global economy. The model is effective in explaining the multifaceted patterns of migrant businesses, even when they operate in similar socioeconomic settings and they are managed by entrepreneurs of the same ethnic background. Design/methodology/approach – The model draws insights from the resource-based view, combining them with new stakeholder theory. By integrating the two theoretical perspectives, the migrant enterprise can be described as a collective entity endowed with tangible and intangible firm-level and entrepreneurial resources that are accumulated, activated and revitalized through the set of strategies pursued by the firm throughout its existence. The value created by migrant firms is influenced by the interactions with the internal and external network of local co-ethnic and non-co-ethnic stakeholders as well as those with transnational stakeholders. Interactions between the migrant firms and its stakeholders determine different rent distribution outcomes. Findings – The theoretical model highlights the role of entrepreneurial and firm-level resources that are accumulated, activated and revitalized by migrant firms throughout their existence. The resource endowment can be enhanced through the multiple links migrant firms have with local and transnational stakeholders as well as by exploiting the opportunity structure available in the destination country. Co-ethnic and non-co-ethnic resources can further enhance migrant firms’ competitiveness, provided they are utilized to foster innovation, acquire knowledge and facilitate organizational growth (high road towards resource appropriation), rather than being leveraged solely to extract economic rent from local and transnational stakeholders (low road). Practical implications – The proposed theoretical framework suggests that one-size-fits-all approaches towards migrant entrepreneurship do not represent the best solution to favour inclusion of migrant entrepreneurs. Conversely, indirect forms of support aimed at improving local and national institutions and facilitating social and economic inclusion of ethnic communities could prove more effective in generating valuable synergies between migrant firms and the external environment in which they are embedded. Additionally, initiatives aimed at raising the endowment of intangible resources and organizational assets, strengthening human capital and entrepreneurial skills, extending transnational ties and encouraging the creation of businesses with a multicultural configuration should be encouraged. Originality/value – By integrating the resource-based view with new stakeholder theory, the proposed framework introduces a novel theoretical approach to explain the migrant entrepreneurship phenomenon. Our approach is effective for several reasons: firstly, it highlights the specific characteristics that distinguish migrant companies from native companies; secondly, it elucidates the heterogeneous evolutionary paths and the divergent performance and growth rates that are visible among migrant firms; thirdly, it provides a coherent and generalizable explanation of the wide range of migrant business models across different economic and social contexts
Archeologia e rischio sismico in Daunia
No full textSi presentano i metodi dell'archeosismologia e si illustratno alcuni casi di siti e monumenti archeologici della Dauni
Does temporary employment undermine the quality of permanent jobs? Evidence from the manufacturing industry
No full textThe article investigates the impact of temporary employment on the quality of permanent jobs. Specifically, it tests predictions derived from different theoretical frameworks regarding firms’ use of temporary workers—namely, the screening, core-periphery, and low-road approaches. Using an original panel dataset that matches yearly information at the occupation, worker, and firm levels for a large sample of manufacturing firms in Emilia-Romagna region (Italy), this study documents an average knockdown effect exerted by the inflow of temporary workers on the quality of permanent jobs. The results show that greater reliance on temporary employment is associated with lower-quality permanent positions. Furthermore, in firms that employ more temporary workers, permanent jobs tend to be more routinized and less complex, involve less training, and require less teamwork. These findings are consistent with the low-road employment hypothesis, suggesting that the deterioration in job quality is driven by work arrangements that minimize the use of individual skills. Managerial and policy implications are discussed
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