1,721,126 research outputs found
L'impatto della crisi pandemica sui sistemi di controllo di gestione: un'analisi empirica
No full textThe paper’s general objective is to examine the relationship between the Covid-19 pandemic and management control systems. Specifically, the objectives are twofold: to verify whether and how management control systems supported firms’ choices during the health crisis; and whether and how the pandemic crisis affected firms’ management control systems. We used a multiple case study methodology based on semi-structured interviews with seven controllers of Italian companies, interpreting our results in the light of the institutional theory and the contingency theory. The pandemic was a sui generis contingency factor that scholars had not yet concretely taken into consideration in the research field of management control systems’ design and change. In the examined case studies, the management control systems responded to the ongoing regulations by promptly adapting to them. Furthermore, during the Covid-19 crisis some of the examined companies used their management control system as a tool to instill security and closeness, thereby legitimizing their decisions regarding their employees and the context too. Finally, based on the evidence of the case that the examined studies provide, we proposed a matrix for interpreting the trajectories of changes in firms’ management control systems
How specific business angel makes his investment decision. An italian case study.
Full text linkThe main purpose of this article is to improve understanding of the decision-making process of Business Angels, regarding in particular the criteria used in the first stage of choice of the investment. Empirical results indicate that Business Angels play a key role in facilitating the development of a business because of the financial resources they can bring and the human capital that can effectively support the entrepreneur’s choices.
This article is based on an in-depth case study of an experienced Business Angel operating in Italy. Future research will continue to examine the factors characterizing the business angel’s investments. Moreover, using larger samples it will be possible to test the results of this exploratory study
Processi decisionali e sistemi di management nelle pmi toscane: modelli teorici ed evidenze empiriche
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Il controllo di gestione nelle aziende che lavorano a ciclo continuo
No full textLa filiera grano duro-pasta è stata negli ultimi quindici anni fortemente condizionata dall’intreccio di importanti mutamenti di carattere strutturale e congiunturale che sono intervenuti a modificare gli assetti e le condizioni di mercato. Il combinato della riforma della Politica agricola comune dell’Unione Europea (PAC) del 2005 e della bolla dei prezzi delle più importanti materie prime nel 2008-2009, insieme con la condotta anticoncorrenziale delle più importanti aziende pastarie, riscontrata e sanzionata dall’Antitrust, hanno certamente influenzato l’intensità e le modalità attraverso le quali il segnale del prezzo si è trasmesso ai differenti stadi della filiera. Risulta, quindi, di fondamentale importanza per qualsiasi azienda del settore dotarsi di un affidabile sistema di controllo di gestione, in grado di fornire dati certi e tempestivi in merito ai volumi di acquisto ed ai relativi costi. Il caso esposto vuole fornire indicazioni in merito al modello di contabilità industriale sviluppato per la determinazione dei costi di acquisto in tutte le loro configurazioni, nonché illustrare come le informazioni prodotte siano state rese fruibili tramite la creazione di cruscotti multidimensionali
Business Angels: Signals for High-Tech Companies
No full textThis monograph is the result of a research project based on the idea that the creation and development of companies rely on an underlying entrepreneurial and managerial culture as well as on the choice of the most effective investment/finance relation that the company is able to make. The research project is the product of the research question: What’s best for companies in terms of the investment/finance relation?
Sometimes debt capital can be considered for less invasive decision-making. It may happen that during discussions about the details of the agreement, Business Angels perceive hostility and abandon the project.
The area of recruiting is a major issue for any Business Angel. Each Business Angel uses individual style to develop his program of creating a desirable environment for a prospective company.
Business Angel would benefit from their experience in both areas (finance and management). The risk resource would be an invaluable factor in investment: the choice of investment can be made in a short time.
Sometimes, in order to achieve the hoped for level of success, they demonstrate their knowledge: they know exactly what a company need to develop because they know what mistakes they are making. In contrast, the company does not have this expertise. By presenting its program, the company’s reputation could be greatly enhanced.
In my opinion, when the entrepreneur sees a high profile level of Business Angel, she/he will accept financial resources, will demonstrate interest in his/her strategic competence and will be much more likely to interact with Business Angel.
Business Angel can create an arrangement with his manager to allow a new perspective of analysis by providing a quality learning experience for all the members of the company.
Companies, in fact, can have an excellent manager, but few performing abilities or little training. A good Business Angel would demonstrate his “excellent” abilities both as a performer and an educator.
When a research project has been drawn up, there are many opportunities and challenges to be met. As a result of my extensive research into one thousand companies, I believe that I have acquired a wealth of knowledge about companies.
Finally, there is certainly considerable room for developing the study further, although it constitutes, with the results it has achieved, a fundamental resource for future researchers in this area
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