1,720,978 research outputs found
Social and moral accountability in action: the religious roots of corporate social responsibility in an Italian entrepreneurial family (1900–1950)
No full textA company's most valuable asset is its employees. Since the 1970s, corporate social responsibility (CSR) has been a topic of increasing interest in terms of performance and disclosure. However, little attention has been paid to the history of CSR practices, which should be studied within historical and cultural contexts. Based on archival material and secondary sources, and using arguments from moral economics and Catholic Social Theory, this study uniquely investigates the role of religious and ethical beliefs in influencing CSR actions and accountability. We focus on the case of Vaccari, an entrepreneurial Italian Catholic family in the early-twentieth century, which was clearly inspired by upward accountability (to God) and not just economic returns. The family took CSR actions to improve the welfare and living conditions of its workers (downward accountability). Vaccari's religious value system was strongly based on the principles of Catholic Social Teaching (CST) contained in the 1891 encyclical Rerum Novarum of Pope Leo XIII, addressed to 'all men of good will'. Our historical analysis informs modern CSR practices, revealing that management's commitment to ethics and sound values is the correct starting point for developing good and sustainable business practices
IS to support project management: implications for managerial accounting
No full textInformation technology (IT) is used as a tool to reduce some of the problems generated by fragmentation typical of project management (PM). The use of IT improves coordination and collaboration leading to better communica-tion practices. Nowadays PM, due to the high level of complexity which char-acterize the context in which firms operate, requires a concrete information sys-tem and suitable managerial accounting. Such tools are basic to support project-managers in the decision making process and aiding performance evaluation. The aim of this paper is to analyze the relationship between PM, information systems and managerial accounting from a theoretical and pragmatic perspective. An input-output model will be used to clarify and analyze the correlation between managerial activities and firm performance. The managerial implications of a set of methods and techniques suitable to manage a project in its different aspects and phases will be emphasized
Accounting and music: The role of Giuseppe Verdi in shaping the nineteenth-century culture industry
Full text linkThe aim of this research is to investigate the contribution of Giuseppe Verdi and Casa Ricordi in shaping the nineteenth-century music culture industry by adopting a new perspective on accounting and history. In nineteenth-century Italy, opera represented an important phenomenon, both artistically and socially, playing a fundamental role of intermediary between society and the political sphere. The complex relationships between the composer (artist) and the publisher (cultural intermediary) are analysed in the specific field of opera music, outlining the evolution and interweaving of artistic, social and economic aspects. The study embraces the period 1839–1893 and examines the economic and private relations between Giuseppe Verdi and Casa Ricordi and their impacts on the culture industry to this day. This article’s novelty is to adopt a historical perspective to broaden accounting into the field of high music offering possibilities for further studies
"It-could-work!" Multistakeholder governance mechanisms for firms' regeneration: An opportunity for SMEs in times of crisis
No full textThis study addresses workers buyouts as a form of governance suitable for designing and implementing solutions to business crises from a socially responsible and multistakeholder perspective. In recent years, there have been repeated phases of economic crisis that have led to increased business crises, resulting in great damage to society as a whole as well as the real lives of the people involved. Business crises affect managers and employees working at firms in crisis, which in turn impacts their families. Using a single case study approach, this research focuses on the governance changes leading to a workers buyout and the formation of a cooperative firm. It explores in depth the conditions that enable the start-up of a workers buyout and the critical issues faced by the new form of governance. In particular, the study focuses on how external stakeholders can play a crucial role in a firm’s entrepreneurial relaunch. The findings show that the experience of a workers buyout can represent a meaningful model for relaunching on a new entrepreneurial path that offers new opportunities to a firm, its managers and its workers from a multistakeholder and sustainable perspective
Emotions, moods and hyperreality: social media and the stock market during the first phase of COVID-19 pandemic
Full text linkPurpose: This paper aims to expand the emerging literature on COVID-19 and the financial markets by searching for a relationship between the uncertainty of the first phase of the COVID-19 pandemic experienced through social media and the extreme volatility of the Italian stock market. Design/methodology/approach: The authors analyze the relationship between social media and stock market trends during the first phase of the COVID-19 pandemic through the lens of social theory and Baudrillard's simulacra and hyperreality theory. The authors conducted the data analysis in two phases: the emotional and Granger correlation analysis by using the KPI6 software to analyze 3,275,588 tweets for the predominant emotion on each day and observe its relationship with the stock market. Findings: The research results show a significant Granger causality relation between tweets on a particular day and the closing price of the FTSE MIB during the first phase of the COVID-19 epidemic. The results highlight a strong relationship between social media hyperreality and the real world. The study confirms the role of social media in predicting stock market volatility. Research limitations/implications: The findings have theoretical and practical implications as they reveal the relevance of social media in our society and its relationship with businesses and economies. In an emergency, social media, as an expression of users' feelings and emotions, can generate a state of hyperreality that is strong correlated with reality. Since social media allows users to publish and share messages without any filter and mediation, the hyperreality generated is affected by highly subjective elements. Originality/value: This research is different from the previous ones on the same topic because unlike previous studies, conducted under normal or simulated scenarios, this study is focused on the first phase of an unpredictable and unforeseen emergency event: the COVID-19 pandemic. This research adopts a multidisciplinary approach and integrates previous studies on the economic and financial effects generated by social media by applying well-known theories to a new and unexplored context. The study reveals the significant impact generated by social media on stock markets during a global pandemic
Beyond a definition of greenwashing: from different types to different impacts
No full textSince the mid-1960s, and the growth of the ecology movement, the phenomenon
of misleading environmental communication has been recognized
in corporate actions and strategies. It has been termed ‘eco-pornography’ by
former advertising executive Jerry Mander. The term greenwashing was coined in 1986 by biologist and environmental activist Jay Westerveld and starting from the discussion of the phenomenon by Greer and Bruno (1996), the number of studies on greenwashing has grown significantly (Laufer,2003). Considering only full-length, peer-reviewed articles from scholarly
journals from 1995 to 2014, 105 journal articles focused on this issue, and as of 2007 the number of articles began to increase rapidly (Lyon & Montgomery, 2015). Focusing on the main and more widely accepted meaning of greenwashing as ‘intentional misleading environmental communication’, and responding to some call for future research (Lyon & Montgomery, 2015; Siano et al., 2017), this paper aims to enrich greenwashing literature by developing a theoretical framework that blends elements of legitimacy theory (Suchman, 1995) and signalling theory (Connelly et al., 2011). In particular, we aim to identify the different areas of decision and application of the misleading communication
Cardiovascular disease: an economical perspective
No full textAbstract: Cardiovascular diseases represent a relevant problem worldwide. Data from World Health Organization(W.H.O.) demonstrate that they are one of the principle causes of death: the 30% of all the losses of human life in theworld are due to heart diseases. Such a data bury a substantial economic cost considering both the direct component, firstof all the national health expense, and the indirect part, such as absenteeism rate, productivity loss, quality of life and,more generally, social costs. The future scenario pictured by the W.H.O. reveals a negative trend due to an increasing inthe rate of morbidity and mortality especially in the Emerging Countries. One of the solution to stem the costs – economicand not – connected to cardiovascular diseases is to empower the prevention activities overall the actions of primary prevention.This require a change in the traditional patient-physician relationship management model to get to an organizationalmodel centred on patient and based on a proactive approach. In this perspective in the paper will be analysed theprincipal changes happened in the Italian national healthcare system and in particular the strategic plans and actions intheme of cardiovascular prevention
On the effect of IFRS 9 on credit risk management: a general assessment in the banking industry
Full text linkThe aim of this paper is to analyze the effects that the adoption of the new accounting principle IFRS 9, which in January 2018 will replace IAS 39, will produce on the financial reporting of banks and on the credit risk management activity. The study starts from the observation that regulation of the banking sector is characterized by a misalignment of aims between standard setters and bank regulation. While for the standard setters the disclosure aims to provide its stakeholders with clear, truthful and correct information regarding the economic and financial situation of the company, the objective of the bank regulations is to protect the financial system by trying to reduce the frequency and the costs of banking crises. Such differences, coupled with the recent financial crisis, have generated a debate involving various institutions (EFRA). Basel Committee on Banking Supervision (BCBS) in response to which International Accounting Standards Board (IASB) has introduced the new standard IFRS 9 on impairment
Information Systems and Managerial Control in the Era of Globalization: Evidence from the Fashion Industry
No full textThe paper concerns the role of information systems in the field of luxury fashion. Over recent decades, this type of industry has been characterized by significant transformations in the quality and quantity of information needed to manage the practices of outsourced manufacturing. The analysis of a case study verifies the impact of ICTs on control systems and information management. The results of the research are quite interesting: information and communication technologies could support companies that decide to outsource part of their production in foreign countries by acting on the damage to reputation and image due to counterfeiting. By using information systems, luxury fashion companies could measure their activities more precisely and control processes, thus motivating suppliers to operate correctly
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