1,721,035 research outputs found
Un approccio sintetico alla teoria delle musiche audiotattili
No full textThe characterizing aspects of Audiotactile Music Theory are presented in summary form. This musicological theoretical model, developed by the author, is inherent in the classification of musical systems, processes and experiences from a global perspective. An explanation by themes and problems is adopted, clarifying the object and scope of this Theory, its aims, innovative contributions on the epistemological-methodological level, and its practical applications
Elements and Effects of the Corporate Governance on the Capital Structure in University Spin-Offs. Evidences from the Italian Context
No full textScholars remark that the funding gap is one of the most problems for the full development of university spin-offs (USOs). Thus, the choices related to the capital structure of USOs have theoretical and practical implication. The paper aims to study the emerging impact of the corporate governance on the capital structure of USOs. In detail, it was assumed that managerial ownership, board size and independent directors can negatively affect the firm’ leverage. Based on a sample of 418 Italian USOs over the period 2010-2014, the findings confirm the hypothesized effects, suggesting the critical role of the corporate governance in the financial issues of USOs. The paper provides new insights, although partial, about the corporate governance and financial dynamics of USOs
Linking organizational innovation, firm growth and firm size
No full textPurpose: The purpose of this research is to study the effect of organizational innovation, in terms of the introduction of both new business practices and new methods of organizing workplaces, on firm growth, along with the moderating role of the firm size in this relationship.
Design/methodology/approach: It was analysed a panel sample of 4,125 Spanish innovative firms taken from the Technological Innovation Panel (PITEC) for the period 2009 to 2014. Two-step System-GMM approach and IV approach with 2SLS have been used.
Findings: The findings remark the positive effect of organizational innovation on firm growth in case firms introduce both new business practices and new methods of organizing workplaces. Furthermore, the empirical evidences show that the firm size has a role, although partial, in moderating negatively the effect of introducing both new business practices and new methods of organizing workplaces on firm growth.
Originality/value: The study adds some new theoretical insights and empirical evidences into the literature related to the inertia theory in the perspective of the population ecology, incorporating it with the effect of firm size. Furthermore, the study may represent a further part of the complex literature puzzle that links organizational innovation to firm growth and the inclusion of the moderating role of the firm size will partially provide a more deeply understanding of this link
Corporate governance and the choice to take on the hybrid organizational model of the Benefit Company. Evidence from Italy
No full textPurpose – This study aims to investigate the role assumed by corporate governance mechanisms in guiding a corporate organization to take on benefit company (BC) model using the theoretical models of agency theory and stakeholder theory applied to the corporate social responsibility activities of the firm. In detail, it has been hypothesized that the phenomenon of chief executive officer (CEO) duality, independent directors and female directors has a positive effect on the likelihood of a firm taking the model of a BC.
Design/methodology/approach – A panel sample of 354 Italian firms taking the institutional model of BC and a control group of 600 firms extracted from the Aida BvD database were analysed. Data covers a period from 2009 to 2018. To empirically validate the advanced research hypotheses, four non-linear probit regression models were estimated.
Findings – The results show that CEO duality seems to have a positive influence on the company’s likelihood of taking the model of a BC. Similarly, the independence of the board of directors and the gender diversity within the board of directors have a positive impact on the company’s likelihood of assuming the model of a BC.
Originality/value – The research work contributes at integrating the emerging debates into the literature about the relationship between corporate governance and corporate responsibilities by expanding them into new and emerging business context of the hybrid organizational model. Further, the systematic use of the theoretical models of agency theory and stakeholder theory applied to socially responsible activities will improve the understanding of the heterogeneous relationships between corporate governance and choice for the institutional model of BC
Corporate sustainability as a value leverage for crisis management - The hybrid organizational model of the Benefit Corporation in the context of the health emergency by COVID-19
No full textThe research work aims to investigate how the Benefit Corporation can constitute a valid and functional hybrid business organizational model in order to be able to face with a sustainable approach to business management, the negative socio-economic effects generated by the COVID-19 emergency. This organizational model appears to be functional in the management of adverse business scenarios according to the approaches of the theoretical frameworks of crisis management and disaster management.
From the empirical analysis of the global population of Benefit Corporation companies formed by 2,974 units extracted from the "Corp Impact Database as of 2019, it emerges that their positive involvement towards community, customer, environmental, workers and sustainable governance dimensions can hopefully have a greater capacity to adapt to crisis contexts such as that of COVID-19. Therefore, it is possible to propose the hybrid organizational model of the Benefit Corporation as one of the fundamental pillars of post- crisis socio-economic recovery COVID-19
Emerging elements and traits of a new hybrid organization model: the Certified Benefit Corporation: An exploratory analysis of the European context
No full textThe aim of the study is to provide an exploratory analysis of the emerging phenomenon of Certified Benefit Corporation (B-Corps): a hybrid organization model that stands as an element of development in the debate on social innovation and the impact of business activity on the environment, society and stakeholders in general.
After analysing from a theoretical point of view, the emerging elements and traits of this type of organization and the empirical analysis of a sample of 585 Certified B-Corp European companies show that this peculiar business exhibits greater involvement in activities designed to have positive externalities on the socio-economic community in which they are located and operate along with a significant interest in the emerging situation of their employees as well as for the physical environment in which their activities are involved. However, the results show a lower focus on customers and business-economic aspects closely related to the corporate governance
Dall’inventio al bulino: Francesco Ruschi e la divulgazione tra Roma e Venezia dopo la peste del 1630
No full textForeign ownership and innovation in independent SMEs. A cross-European analysis
No full textGlobal markets force small and medium-sized enterprises (SMEs) to innovate in order to remain competitive. However, it is to note that independent SMEs are primary source of radical innovation, even if, usually, they face some innovation constraints. We argue that independent SMEs, in order to compete in the global market and overcome their constraints, may get in touch directly with foreign investors, which, in turn, look for breakthroughs by independent entrepreneurs. We hypothesize that foreign venture capital/private equity investors may effectively spur the innovation performance of independent SMEs, compared to other form of foreign investors, thanks to their abilities in overcoming information asymmetries and in promoting long-term investments, as well as thanks to their better knowledge, their worldwide marketing linkages, their managerial, entrepreneurial and financial resources. We found evidences confirming our hypotheses on a panel sample of 23,962 firms from 24 European Union Countries, observed during the period 2006–2015
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