1,720,981 research outputs found
Environmental Management System and Performance in SMEs. Evidence from the Abruzzo Region
No full textThe paper aims at investigating the potential effect on economic and financial performance caused by the adoption of an environmental management system ISO14001certification, by SMEs in Abruzzo region, which represent a significative case study due to the environmental capital that characterizes the whole region. From the Signaling Theory perspective, the adoption of such international environmental management system certification “signals” to the firm’s stakeholders, the engagement in adopting a sustainable management system, contributing to reduce information asymmetry and consequently, positively influence economic and financial performance.
Considering a panel dataset of a total sample of 490 SMEs located in Abruzzo (observed from 2011 and 2019), constituted by 212 ISO14001 certified firms and a control group of 278 firms, selected comparing size, age and geographical location of the main group of analysis, the results show how economic and financial performance are positively related to the adoption of an environmental management system certification
Modelli emergenti di organizzazioni ibride orientate allo sviluppo sostenibile. Le benefit corporation e le società benefit
No full text
Sustainability‐Oriented Businesses and Earnings Management. What Is the True Relationship? Evidence From Italian Benefit Corporations
No full textThis study examines how benefit corporations (BCs)—a type of sustainability- oriented hybrid business dedicated to corporate social responsibility (CSR) goals—are associated with earnings management (EM). Two theoretical perspectives—long- term strategy and managerial opportunism—shape the hypotheses on the association between BC adoption and EM practices. An empirical analysis is conducted on a panel dataset of 2449 Italian firms (354 BCs and 2095 non- BCs) from 2014 to 2021. Using Stubben's (2010) conditional earnings model and propensity score matching, the findings suggest that adopting the BC model is linked to a higher likelihood of managerial engagement in EM. Although the BC model emphasizes transparency and accountability, it might unintentionally enable opportunistic behavior, calling into question the assumption that CSR- oriented business
models inherently limit financial manipulation. These findings shed light on the impact of legal frameworks for hybrid organizations like BCs on corporate behavior, offering valuable insights for policymakers and practitioners working to foster ethical business practices
Gender Inclusiveness and Female Representation on the Board of Directors of the Benefit Company Model: Evidence from Italy
No full textThis study aims to analyse whether firms adopting the institutional and organizational model of a benefit company (BC) increase the appointment of women to their board of directors (BoD) by applying the theoretical models of reputation management and resource dependence theory. A sample of 354 Italian firms adopting the BC model and a control group of 600 firms over the period of 2009–2018 were analysed. A fractional regression probit model was used to analyse the effect of the institutional form of the BC on the presence of women on BoDs. The findings, generally robust regarding different econometric specifications dealing with potential endogeneity, confirmed that a firm’s adoption of the BC model positively affects the likelihood of the firm increasing the presence of women on its BoD. This evidence justifies the actions of those stakeholders in firms that are actively involved in corporate social responsibility (CSR) processes, seeking increased reputation and legitimacy by increasing the number of female directors in the firm. The study contributes new insights into the relationship between CSR and the appointment of women on BoDs in the new and emerging business context of hybrid organizational models. Additionally, the study advances our knowledge about the heterogeneous and reversed associations between the institutional model of the BC and the choice of specific corporate governance mechanisms in the form of the appointment of women on BoDs to increase the reputation and legitimacy of firms
Unmasking intellectual capital from gender and nationality diversity on university spin-offs’ boards: a study on non-linear effects upon firm innovation
No full textPurpose
The purpose of this study is to analyze the impact of human capital related to gender and nationality diversity in boards of directors on the innovation of university spin-offs (USOs) in their entrepreneurial ecosystem. Following the intellectual capital (IC) framework and the resource dependence theory, upper echelons theory and critical mass theory, it hypothesizes that the relationship between board diversity and USOs’ firm innovation is non-linear.
Design/methodology/approach
To test the research hypotheses empirically, a sample of 827 Italian USOs over the period 2009–2018 was analyzed using zero-inflated Poisson regression modeling. A robustness test was also performed.
Findings
Gender obstacles remain in USOs’ entrepreneurial ecosystem, with little involvement of women in boards, and the benefits of human capital for firm innovation emerge with increased female representation. Nevertheless, a few foreign-born directors embody valued IC in terms of human capital from an internationally linked entrepreneurial ecosystem, which decreases with more foreign-born directors due to communication costs and coordination problems.
Research limitations/implications
The emerging non-linear relationships imply that gender- and nationality-diverse boards in USOs constitute critical human capital factors boosting the devolvement of entrepreneurial processes, in terms of firm innovation, in university entrepreneurial ecosystems.
Originality/value
This study contributes significantly to the move from traditional corporate governance analysis through an IC framework, fostering an understanding of the role of human capital and its diversity determinants in spurring firm innovation among USOs considering the university entrepreneurial ecosystem
Going Beyond Counting First Authors in Author Co-citation Analysis
Get PDFThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Get PDF“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
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