625 research outputs found
Erratum: Lack of immunity against rubella among Italian young adults. [BMC Infect Dis., 17, (2017) (199)] Doi: 10.1186/s12879-017-2295-y
No full textAfter publication of this article [1], the authors noted that the given names and family names of all authors had been inverted, and are therefore incorrect in the original article. In the original article, the author names appear as the following: Gallone Maria Serena, Gallone Maria Filomena, Larocca Angela Maria Vittoria, Germinario Cinzia and Tafuri Silvio. However, this is incorrect, and the author names should appear as per the below: Maria Serena Gallone, Maria Filomena Gallone, Angela Maria Vittoria Larocca, Cinzia Germinario, Silvio Tafuri. The author names have been corrected in the author list and the citation for this Erratum
Five years of gender research in the public sector by the IPAZIA Observatory. A review of the studies and a research agenda
No full textThe paper considers the entire universe of the 34 studies on gender within the public sector published by the IPAZIA Observatory since its inception, both in volumes and in conference proceedings. The literature review reveals that these papers not only focus on educational and governmental institutions, but also explore the utilities, healthcare, banking, and professional register industries, using both qualitative and quantitative methods. Moreover, they embrace a broader geographical context than the United States, alongside a few studies in the Americas, Africa, or international settings, they are mainly focused on European samples and reflect the authors’ affiliation country
Family involvement in the Board of Directors: Implications for Board Effectiveness
No full textBoard effectiveness hinges on both functional attributes—such as size, independence, activity and
CEO duality—and interpersonal dynamics like cohesion and trust. In family business, the structural
and dynamic perspectives of the board become intricately linked to family heterogeneity, shaped by
the different levels of family involvement in boardrooms. This study examines the effect of family
involvement on board effectiveness within 385 Italian listed family firms (2014–2018), employing a
fixed-effect panel regression. Findings reveal a U-shaped relationship, where moderate family
involvement disrupts cohesion, but higher family or non-family directors’ prevalence enhances
effectiveness. By integrating socio-emotional wealth and upper echelon theories, this research
advances family business and governance literature, offering practical insights for corporate boards
Early adoption of non-financial disclosure in family firms
No full textThis study investigates when the reputation enhancing signals of family firms include early adoption of non-financial disclosure. Drawing on signalling theory, we examine the effect of family ownership on the early adoption of non-financial disclosure and the moderating role of contingency signals: founder chief executive officer (CEO) leadership and employee degrowth rate. We test our hypotheses with panel regressions on a dataset of Italian listed family firms over the period 2013-2017, years before the introduction of mandatory non-financial reporting. The results reveal an inverted U-shaped relationship between family ownership and early adoption of non-financial disclosure, negatively moderated by the presence of a founder CEO and positively moderated by employee degrowth. We discuss the implications of our findings for theory and practice.</p
What use of proceeds do family IPOs signal? The influence of family generational stage and family CEO
No full textPurpose: This study investigates the relationship between the family generational stage and the intended use of the Initial Public Offering (IPO) proceeds disclosed in the prospectus. With the aim to explore family business heterogeneity, it also explores the moderating role of the family CEO. Design/methodology/approach: We draw on signaling theory and hand-collected data on Italian family IPOs that occurred in the period 2000-2020, disentangling the intended use of IPO proceeds as distinguished into three categories. We employ logit regression to test our hypotheses. Findings: According to our theoretical predictions, we find that the family generational stage positively affects the disclosure of the investment reason as the intended use of IPO proceeds, while it negatively influences the use for recapitalization and general corporate purposes. The first relationship is moderated by the presence of a family CEO. Our results remain robust with different family business definitions and a different empirical method.
Originality: The paper is the first to address the topic of the intended use of IPO proceeds in family
businesses. In doing so, it opens avenues for future research by enriching an underdeveloped, albeit growing, area of research, that of preparing for the market scrutiny in family IPOs
Financial accounting in family business: a systematic literature review and future research agenda
No full textAcademic researchers have recently recognised the impact of family firms’ idiosyncrasies and characteristics on financial accounting practices, and identified distinctions between family and non-family businesses. However, this issue still needs appropriate systematisation and discussion. It is important to understand how family businesses’ features shape financial accounting phenomena, but the most authoritative review on the topic dates back more than 10 years. We therefore conducted a systematic review of 133 articles on financial accounting in family firms published in peer-reviewed journals up to 2023. We aimed to assess what scholars have explored so far on this topic, interpreting findings using three levels of analysis: family, business, and individual. The novelty of our paper comes from using this framework to create a thematic map that provides a comprehensive overview of the current research on this topic and developing an extensive research agenda for future studies. The article also provides practical implications for family firm managers, practitioners, and regulators by clarifying the influence of characteristics of family businesses on accounting practices
Tax Avoidance in Family Firms: a multi-level literature review
No full textWhile tax avoidance has attracted scholarly and policy interest over the years, its peculiarities in family business are far from being completely understood. Motivated by the growing attention to family firms’ tax-saving strategies, this paper aims to critically and systematically review the 42 articles on tax avoidance in family businesses published up to June 2024. The study organises the literature upon four levels of analysis and offers future research avenues to move our knowledge on the topic forward
Non-Family Board Compensation: Exploring Drivers and Effects of Family-Business Nexus
No full textThe unique characteristics differentiating board compensation structures for family
directors and their non-family counterparts pose a distinctive governance challenge in family
firms. However, the factors influencing non-family board compensation and its consequences
remain largely overlooked. Thus, this paper scrutinizes the potential non-linear relationship
between family board involvement and the compensation of non-family directors,
incorporating the mixed gamble logic perspective. Additionally, the study seeks to unveil the
effects of non-family board compensation on firm performance. Relying on a sample of Italian
listed family firms during the period 2014-2018 and employing a dynamic panel generalized
method of moment (GMM), the findings reveal a U-shaped relationship between family board
involvement and non-family directors' compensation levels. Furthermore, the results prove that
non-family directors’ compensation positively influences firm performance. Delving into this
evidence, the research contributes to both theory and practice by shedding light on the complex
dynamics of family boards, non-family board compensation strategies and their effect on
performance
Looking at IPO signals in family firms: the role of Intellectual Capital Disclosure
No full textFamily businesses face challenges in balancing their unique values with external pressures, especially during
Initial Public Offerings (IPOs). Drawing on signalling theory, we explore how family involvement in governance
affects intellectual capital disclosure (ICD) and its subsequent impact on post-IPO survival. To this aim, we
analyse 179 Italian family IPOs between 2000 and 2022. Our results uncover a U-shaped relationship between
family governance involvement—at both ownership and board levels—and ICD. Moreover, the latter not only
balances the perception of family influence but also positively affects post-IPO survival by demonstrating the
firm’s commitment to leveraging knowledge assets. We contribute to the ongoing debate on the signals and
disclosure strategies in family firms’ IPOs by considering the going public process in its entirety. Our findings
also bear important managerial implications for both senders and receivers of the IPO prospectus signals
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