5,167 research outputs found
Board gender diversity and internationalization: The moderating effect of family ownership
No full textThe present work aims to highlight the relationship between board gender diversity and firms’ internationalization degree and to investigate whether family ownership exerts a moderating role on the relationship above mentioned. While a greater presence of women on board, on one hand, increases diversity, that, in turn, may stimulate firms’ internationalization, on the other hand, it may increase firms’ risk aversion, reducing risky investments, such as those in internationalization. Besides, since in the Italian context families represent the main controlling owner, this work investigates its moderating role on the relationship in the exam. Family ownership may negatively influence the board gender diversity-firms’ internationalization degree relationship because of family members’ desire to protect their socio-emotional wealth. Basing on a sample of Italian listed firms, the empirical findings of this work show that women directors ratio negatively affects firms’ export intensity and family ownership strengthens this relationship
Does R&D investment affect export intensity? The moderating effect of ownership
No full textThe present work aims to highlight the relationship between R&D investment and firms internationalization degree and to investigate whether family ownership and state ownership exert a moderating role on the abovementioned relationship. Based on a sample of 106 Italian listed firms during the period 2010-2013, this study finds that R&D investment has a positive impact on the ratio of sales in foreign countries to total sales. Furthermore, family ownership positively influences the relationship between R&D investment and firms internationalization degree because of patient capital and family owners' altruism. Conversely, the findings show that state ownership negatively affects the relationship under examination because state-owned enterprises operate in domestic protected markets and are characterized by severe agency conflicts and low competitiveness
Cultural Tourism in Digitalization Era: The case of AR glasses
No full textThe chapter illustrates the main charachteristics of cultural tourism, categories and preferences of cultural tourists and how digital technologies have improved internal processes of cultural tourism industry. The chapter also highlights the increasing role of the experience and the growing function of technologies as support for firms and travellers. Lastly, the chapter describes an immersive experience that tourists can live in Pompeii sites by using Augmented Reality glasses by AR Tour, through which they can walki through twenty must-see sites in the ancient Roman city
Funzionamento dei Consigli di Amministrazione e teoria dell'agenzia: prime riflessioni
No full textTra i diversi compiti che il Consiglio di Amministrazione delle imprese deve svolgere, quello relativo al controllo sull’operato del top-management è certamente tra i più delicati. Il CdA, infatti, è chiamato a monitorare le attività del top-management, a valutarne la performance ed, in caso di risultati insoddisfacenti, a procedere alla sua rimozione. Tuttavia, la letteratura internazionale ha evidenziato come il CdA possa essere condizionato dalla volontà dell’Amministratore Delegato, ed esercitare il suo ruolo di controllo con uno scarso grado di indipendenza. L’articolo, quindi, evidenzia le caratteristiche che accrescono l’indipendenza dell’organo in questione e migliorano l’efficacia della sua funzione di controllo. In particolare, alcune caratteristiche del Consiglio di Amministrazione, quali, ad esempio, un numero di consiglieri compreso tra le 8 e le 15 unità, un elevato numero di consiglieri indipendenti, ed un Amministratore Delegato che non svolge anche il ruolo di Presidente del CdA, possono contribuire a rendere più efficace la sua attività di controll
Capital structure and the method of payment for acquisitions. Evidence from a sample of bidders listed on the Italian stock exchange
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Technological innovation in family firms. Theoretical perspectives and empirical findings on R&D investment decisions.
No full textBoard of directors and export activity under a controlling shareholder system: Evidence from Italy
No full textAcquisition behavior in family firms. Research trajectories and empirical findings on post transaction innovation
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