1,720,986 research outputs found
Family business e nuove leadership
No full textL'Osservatorio imprese del Corporate Governance Lab ha censito per la prima volta la popolazione delle imprese italiane con ricavi superiori ai 100 milioni di euro, suddividendola per forme proprietarie e analizzando, in particolare, le imprese familiari, quelle a controllo di coalizione, a controllo finanziario e statali. L'articolo illustra le evidenze più salienti dell’analisi condotta sui modelli di leadership, proponendo alcune riflessioni sulle sfide a cui sono chiamate a rispondere, in particolare, le imprese familiari, quelle a controllo di coalizione e i loro imprenditori
CEO-Board relationships in a Post Sarbanes-Oxley Era. The Moderating Effect of the Board of Directors in the CEO Power-Firm Performance Relationship
No full textTOWARDS A CONTINGENCY MODEL OF BOARD TASKS PERFORMANCE: INTEGRATING FIRM AND INDUSTRY-LEVEL CHARACTERISTICS
No full textStrings attached: Socioemotional wealth mixed gambles in the cash management choices of family firms
Full text linkFamily owners differ from other types of owners due to the presence of socioemotional wealth (SEW) concerns. We take a closer look at this distinctive aspect by examining the impact of family control and influence dimension of SEW on the cash management choices of family firms, conceptualizing it as a mixed gamble choice. Our empirical analysis of 195 Italian firms listed on the Milan Stock Exchange between 2003 and 2015 shows that family firms derive more value and incur lower costs than nonfamily firms when they increase their cash holdings. We then delve deeper into family firms’ cash management choices by exploring how different levels of family control and influence as well as types of board governance arrangements moderate this relationship. The empirical results indicate that the positive effects of family ownership are more pronounced under a high level of family control and influence and with separation of the board chair and CEO positions
Family involvement in governance and firm performance in industrial districts. The moderating role of the industry’s technological paradigm
No full textStudies on industrial districts tend to highlight the advantages for companies arising from the network of relationships among actors based on the sharing of a common history, culture and norms of behaviour. It has been recently shown that family businesses succeed in leveraging on the district effect only under certain size conditions. In this work, we further advance the study of the ‘district’ effect on family businesses with the analysis of further key contingencies in addition to size, namely the actual level of family involvement and the technological sector. It has been recently shown that family businesses succeed in leveraging on the district effect only under certain size conditions: for example, according to Cucculelli and Storai’s (2015) results, medium-sized family businesses companies enjoy the advantages of operating in a district more than larger and smaller companies and than non-family businesses of similar size. In this work, we further advance the study of the ‘district’ effect on family businesses with the analysis of further key contingencies in addition to size, namely the actual level of family involvement and the technological sector. We argue that an intense involvement of family members in the governance of companies operating within districts, negatively impacts on companies’ performance due to the emergence of a phenomenon of overembeddedness. Further, we also show an industry technological paradigm, characterized by radical breakthroughs, combines with family involvement and location in a district to negatively influence a company’s performance. The study is conducted on the Bocconi Italian Observatory of Family Business and includes a final usable panel of 55,489 company/year observations
Alone or together? The impact of socioemotional wealth and vulnerabilities On family firms’ subsidiary ownership choices
No full textOut of the comfort zone! Family leaders’ subsidiary ownership choices and the role of vulnerabilities
No full textBased on the socioemotional wealth approach and a sample of 3,904 subsidiary ownership choices made by 586 family firms, this study shows that family-managed firms (i.e., those family firms with a family member in a leadership position) prefer wholly owned subsidies over joint ventures when entering foreign markets. Family-managed firms are also more likely to revise their subsidiary ownership choices and form joint ventures when in vulnerability conditions, that is, when they experience performance below aspirations and when entering a culturally distant market
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Full text link“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
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