152 research outputs found
Un pendente con motivo solare da Medea
No full textDuring the excavations carried out at the turn of the 1960s-1970s on the Medea hill, in the plain of eastern Friuli, Ugo Furlani recovered a bronze fragment generally attributed to a pendant. The site was already known from research as the location of a settlement and a necropolis from the protohistoric age and was identified starting in the 1990s by some authors as a place of worship. The object could very likely correspond to a part of complex pendants attested between Veneto and Slovenia during the Iron Age
Value-based Management System e performance. Il ruolo di moderazione della strategia ibrida e della turbolenza ambientale.
No full textThis paper contributes to the Value-based Management (VBM) literature by providing empirical evidence on the performance effects that arise from the adoption of value-based management systems. Through the analysis of two contingency factors – strate-gy, measured by the firm’s hybrid strategic positioning, and environment, analyzed by the degree of environmental uncertainty – the present study tries to explain if and how the adoption of VBMS impact on firm performance.
Focusing on 367 non-financial firms indexed in the MSCI Europe index during the pe-riod 2013-2018, the paper represents the first effort to investigate the role of the firm’s strategic positioning and environmental turbulence in affecting the relationship between VBM systems and firm performance.
In particular, the study highlights how VBM can become a powerful tool for managing the need of flexibility that arise from internal and external contextual factors, thus en-hancing firm performance
Il tumulo di Mereto di Tomba (Udine). le indagini archeologiche e i riscontri micromorfologici dai livelli basali
No full text
VBM Systems and Firm Performance. The Moderating Effect of Strategic Ambidexterity and Environmental Turbulence
No full textOver the last two decades we have seen some remarkable changes in managerial control systems literature. From the traditional attention to the financial measures and budgetary control, management control systems (MCS) has shifted to a strategic approach directed towards the design and measurement of key performance indicators and superordinate value-based metrics (Ittner, Larcker, 2001). Recently, some empirical studies verified the positive association between the use of Value Based Management systems (VBM) and firm performance (Lueg, Schäffer, 2010).
VBM systems is a management control systems that support the implementation of corporate strategy toward the objective of creating shareholder value. By means of a superordinate value-based metrics, VBM systems allow to align strategy, firm processes, decision making, performance measurement, and the overall view of the organization with the main purpose of value creation (Malmi, Ikäheimo, 2003; Burket, Lueg, 2013).
The positive effects of VBM on firm performance are based on several factors (Firk, et al., 2016). First, by aligning manager and shareholder interests, VBM systems should decrease agency costs. Second, VBM systems facilitate the sharing of strategic goals to all level of organizations. Third, they develop and reinforce value-creating strategies.
With the aim to solve the inconsistent evidence of the VBM performance effect, scholars are increasing their attention to the strategic and external factors that may magnify or mitigate the impact of VBM on firm performance (Brück, et al., 2018; Knauer, et al., 2018).
Following this stream of research, our exploratory study tries to understand if strategic ambidexterity and environmental turbulence enhance the relation between VBM systems and firm performance. We empirically analyse our research questions on a sample of indexed firms from FTSE Italian index in the period between 2008-2018 by using quantitative method approach. The preliminary analysis of research data confirms our expectations about the existence of a positive association between the adoption of VBM systems and firm performance. Moreover, the same preliminary data suggest that strategic ambidexterity and environmental turbulence amplify the positive effect of VBM systems on firm performance
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