1,354 research outputs found
Destination Governance for Sustainable Tourism
No full textThe tourism system is characterised by the number of actors (public, profit, and non-profit organisations) with
specific expectations, roles, and responsibilities. The actors play a significant role in the territory: they need the
efforts of inter-institutional cooperation and to develop a network in order to contribute, in relation to the type of
interaction carried out, to the economic development and to increasing competitiveness and tourism labor market.
In this article, the author suggests a conceptual framework allowing attaining a governance model of the tourism
system aimed at enhancing the relationships with the various relevant actors in order to achieve common goals
based on sustainable performanc
Measuring Corporate Culture
No full textThe ability to assert the ethical and entrepreneurial values in a strong and shared manner, on the level of corporate governance and organisation, is therefore a critical element for the purpose of obtaining consensus and the optimisation of enterprise performance. For these reason, monitoring the corporate culture through the identification of indicators enables us to measure the processes of change underway in an organisation and may enable us to prevent the persistence of bad management.
The introduction of a model to measure corporate culture has therefore become necessary, both in terms of defining and representing the intangible asset, with a view to controlling management to ensure the effective orientation of behaviour, to achieve the enterprise purposes and stakeholders’ consensus.</jats:p
SupplementalInformation_portable_JHTR817593 – Supplemental material for Hedging Risk with Derivatives in the Rain-Sensitive Hospitality Industry
No full textSupplemental material, SupplementalInformation_portable_JHTR817593 for Hedging Risk with Derivatives in the Rain-Sensitive Hospitality Industry by Simona Franzoni and Cristian Pelizzari in Journal of Hospitality & Tourism Research</p
SupplementalInformation_portable – Supplemental material for Hedging Risk with Derivatives in the Rain-Sensitive Hospitality Industry
No full text<p>Supplemental material, SupplementalInformation_portable for Hedging Risk with Derivatives in the Rain-Sensitive Hospitality Industry by Simona Franzoni and Cristian Pelizzari in Journal of Hospitality & Tourism Research</p
SupplementalInformation_portable – Supplemental material for Hedging Risk with Derivatives in the Rain-Sensitive Hospitality Industry
No full text<p>Supplemental material, SupplementalInformation_portable for Hedging Risk with Derivatives in the Rain-Sensitive Hospitality Industry by Simona Franzoni and Cristian Pelizzari in Journal of Hospitality & Tourism Research</p
SupplementalInformation_portable – Supplemental material for Hedging Risk with Derivatives in the Rain-Sensitive Hospitality Industry
No full text<p>Supplemental material, SupplementalInformation_portable for Hedging Risk with Derivatives in the Rain-Sensitive Hospitality Industry by Simona Franzoni and Cristian Pelizzari in Journal of Hospitality & Tourism Research</p
SupplementalInformation_portable – Supplemental material for Hedging Risk with Derivatives in the Rain-Sensitive Hospitality Industry
No full text<p>Supplemental material, SupplementalInformation_portable for Hedging Risk with Derivatives in the Rain-Sensitive Hospitality Industry by Simona Franzoni and Cristian Pelizzari in Journal of Hospitality & Tourism Research</p
Disclosure of executive remuneration in listed public utility companies
No full textThis research aims to examine disclosure of executive remuneration in listed companies, by studying in-depth, in particular, the rules and recommendations adopted in industrialised Countries and to verify the effective communication behaviours adopted in Italy and in foreign Countries by listed public utility companies in relation to cognitive-evaluation stakeholders’ expectations and the observance of the regulations in force.
Disclosure of the remuneration is an important topic, considering also the potential conflicts between: form, structure and level of executive directors’ remuneration and corporate performance optimization in the long term. Therefore, the following research questions are:
What are the remuneration systems, disclosure tools and regulations about remuneration policies; executive directors’ remuneration; share-based remuneration adopted in the international context?
What are the main results coming out from the comparison of remuneration systems disclosure by rules, regulations and recommendation provided in the two groups considered (“European” and “non-European” Countries) and the level of disclosure conformity and alignment to facilitate information accessibility and comparability to stakeholders?
How have the listed companies operating in the public utilities sector implemented remuneration systems disclosure in the corporate behaviour in order to assess if the companies surveyed behave in conformity with transparency provisions and assure information completeness?
The topic is interesting because, in listed companies, the disclosure of remuneration has recently attracted particular attention, especially with regard to remuneration of individual directors of the company, executive and non-executive or supervisory directors.
From this analysis, it firmly stands out that the level of corporate remuneration systems disclosure, strictly connected to the provisions system in force is more satisfying where the reference rules are structured and detailed. In fact, with reference to several elements, we have found out that, where specific legal provisions are lacking, information provided by companies is brief or even missing.
This leads to ponder about the importance of adequate regulations, able to assure an effective response to transparency needs and protection to all stakeholders, in light of the present global arena, as well. It is, therefore, desirable and we hope that policy recommendations will be considered, the achievement at an international level of representation models containing uniform and comparable information, both in form (tabular and narrative) and contents. The existence of international bodies which promote this process, at an international level, would spur further towards the creation of a system able to assign a higher value to the regulations of each country and to current corporate best practices
Governance e trasparenza nei sistemi di remunerazione. Una comparazione internazionale
No full textIl presente contributo intende illustrare i sistemi di remunerazione e gli strumenti di comunicazione adottati nel contesto internazionale, argomentazione poco approfondita negli studi economico-aziendali. Infatti, il dibattito sul tema della remunerazione si è spesso concentrato su due ordini di problemi, cioè l’ammontare ottimale della retribuzione da destinare agli amministratori e ai manager e le forme di corresponsione degli emolumenti. Difficilmente l’attenzione si è posta nell’evidenziare quali sono gli elementi comunicazionali indispensabili, approfonditi nel presente studio, tali da consentire a ciascuno stakeholder di comprendere se l’ammontare assegnato e le differenti forme di remunerazione siano adeguate a massimizzare la relazione costi/benefici ed evitare che, eventuali eccessi possano pregiudicare il processo di creazione di valore cui è ordinata l’impresa. L’importanza della remunerazione e degli strumenti di comunicazione è dimostrata dai numerosi interventi da parte di organismi internazionali: l’Ocse, l’Onu, l’Iosco, ecc. ed Europei.
Lo studio si è posto l’obiettivo di apprezzare e di verificare gli orientamenti dominanti in Italia e la convergenza/divergenza di comportamento nei principali Paesi industrializzati (tutti appartenenti al G8 e la Spagna quale interessante caso studio) con riferimento all’impiego di strumenti di remunerazione dei vertici aziendali e alla tipologia di informazioni che devono costituire oggetto della comunicazione dei soggetti che ricoprono posizioni chiave per l’efficace funzionamento dell’impresa. Per questo motivo, accanto ad un’approfondita analisi della letteratura scientifica e del sistema di regolazione dei meccanismi retributivi secondo la legislazione italiana, si è analizzata la regolamentazione in tema di sistemi di remunerazione, obbligatoria e volontaria, di: Francia, Canada, Germania, Giappone, Spagna, Regno Unito, Russia, Stati Uniti. Il presente studio si è proposto inoltre di verificare la concreta attuazione, nei comportamenti aziendali, di quanto espresso dalle Istituzioni e dalla letteratura scientifica in tema di comunicazione sui sistemi di remunerazione da un gruppo significativo di imprese quotate nei Paesi summenzionati. I risultati della ricerca sono stati presentati e discussi in sede di convegni internazionali: 5th Workshop on Corporate Governance, EIASM, Brussels e 21st EBEN Annual Conference, Antalya. La ricerca presenta caratteri di originalità, sia per i risultati pervenuti che per l’approccio metodologico impiegato ed intende offrire spunti di riflessione ad operatori e studiosi che si apprestano a considerare le modalità di miglioramento delle condizioni di efficacia nelle relazioni tra impresa e stakeholder
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