1,721,022 research outputs found

    Cambiamenti politico-istituzionali ed il mercato per il controllo aziendale: alcune evidenze empiriche dall'attività di M&A in Asia

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    In the last decades, Asian countries gained a prominent role within the global economy. Various studies aimed to better understand the process through which these countries integrate with the international markets and develop their domestic ones – in particular, the market for corporate control. On the basis of data about company mergers and acquisitions carried out over more than 25 years in ten Asian countries, this study presents empirical evidence supporting the argument that political-institutional changes (especially in the form of enhanced 'contestability' of governmental positions) seem related to the intensity of the market for corporate control

    What is Corporate Diplomacy? And, why does it matter?

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    This study aims to analyze the concept of corporate diplomacy, that is, the behavior of organizational actors aimed at implementing favorable conditions for carrying out corporate activities. By following a cognitive-linguistic approach, the analysis outlines the meaning of corporate diplomacy along various dimensions, and in relation to other “bordering” concepts, such as diplomacy, economic or commercial diplomacy, negotiation, and public relations. The result of the analysis supports a better definition of corporate diplomacy, and offers interesting cues for acknowledging why this activity is an important function that firms should address, especially when they engage in intense relationships with governments, other businesses, and non-profits

    On the many ways Europeanization matters: the implementation of the water reform in Italy (1994-2006)

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    The research agenda of Europeanization is currently highly focused on issued related to what accounts for the 'horizontal' interaction between domestic actors and how these actors make use of stimuli originating from the EU. This paper aims to contribute to this line of inquiry through the case study of the implementation of the 1994 water reform in Italy in the period between 1994 and 2006. The analysis shows the role played by the use of monetary incentives provided by EU funding sources, by changes in the institutional context partially originating from EU factors, and by the rulings of the European Court of Justice

    The Regulatory Reform of Water Infrastructure in Italy: Overall Design and Local Variations

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    In 1994, the Italian Parliament passed a reform which aimed to radically change the economic regulatory institutions of the water sector in the country. The implementation of the reform, which lasted about twelve years, resulted in a new regulatory regime which combined selected features of public ownership, franchise allocation, and discretionary regulation. The reform was implemented in different ways across the country, resulting in different forms of organisation and management of water services at the local level. Drawing from this case, this paper aims to discuss two issues, namely why water regulatory reforms are designed as 'hybrids' between different regulatory 'models', and why, within a given regulatory institutional framework, water regulatory reforms may be implemented in different ways at the local level. This paper, therefore, aims to contribute to a broader scholarly discussion regarding the rationales for institutional variety of water infrastructure regulation at the national and sub-national levels, and regarding the practical implications for managing the implementation of water regulatory reforms
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