1,627 research outputs found
Governance e accountability nelle aziende pubbliche: il ruolo, le forme e gli ambiti della disclosure
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Il distretto cartario lucchese, in 50 Anni di crescita nel futuro
No full textAnalisi dello sviluppo del distretto cartario lucches
Corporate Entrepreneurship and Corporate Governance. The influence of board of directors and owner identity
No full textIn this book we propose to understand the elements that affect both board functions and their impact on Corporate Entrepreneurship. We highlight two key variables that influence boards’ entrepreneurial function and their involvement in Corpo- rate Entrepreneurship: board attributes and major shareholder type. To investigate how these elements draws on role of board and Corporate Entrepreneurship we apply agency theory, resource dependence theory and social network theory. We attempt to support our discussion with empirical evidence, using a multiple case studies method
Assetti proprietari e autonomia manageriale. Evidenze empiriche nel contesto italiano
No full textl presente lavoro intende investigare la relazione che intercorre fra gli assetti proprietari e l’autonomia manageriale. A tal fine, dopo una ricognizione dei principali filoni di studio, rintracciabili nella letteratura economico–aziendale, è stata condotta un’indagine empirica su di un campione di società quotate nel mercato mobiliare italiano. I risultati empirici conseguiti forniscono interessanti spunti di riflessione per gli indirizzi di ricerca futuri, in quanto confermano i costrutti teorici analizzati
Does director capital influence board turnover after an incident of fraud? Evidence from Italian listed companies
No full textStudies in U.S. have found that that director capital influences turnover within the board after an incident of fraud. We analyse whether there is a relationship between the probability of non-executive director turnover in Italian listed firms in which fraud has occurred and each director’s level of: (1) general business knowledge, (2) industry knowledge, and (3) relational capital. Our results suggest that non-executive director departure can be explained as a result of decisions by companies to clean their house of directors with lower expertise, industry knowledge and relational capital. These findings indicate that firms encourage the departure of these non-executive directors to signal to their stakeholders that they want to repair legitimacy and want to enhance the monitoring and resource provider tasks of the board. Indeed, in Italy, director turnover is more marked when the fraud visibility is greater. Furthermore, our study findings indicate that the cleaning house strategy is not influenced by the ownership structure and identity
Il sistema di corporate governance: prospettive di ricerca in differenti contesti di analisi
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Non-public shareholders ownership and economic performance in the urban public-transport companies. Empirical evidence from European Union
No full textUrban mobility (UM) represents an increasingly important field in European Union policy agenda. The growing complexity of citizens’ needs and the criticalities related to the global economic downturn have reduced the amount of the public expenditure that can be invested to cover the UM systems’ requirements. From this perspective, private funding is unavoidable. Public-private partnerships are more and more widespread. In particular, we look to a more relevant non-public shareholders’ presence in the ownership structure of urban public-transport companies. Many scholars have investigated the relationship between the presence of non-public shareholders and the economic performance generated by these companies. Nevertheless, less attention is paid to the “intensity” of non-public shareholders’ presence on firm performance. Moreover, cross-country comparisons are infrequently explored.
In light of these considerations, this paper aims to test whether a lesser or higher presence (i.e. the intensity) of non- public shareholders in the ownership structure of the urban public-transport companies can affect economic performance. This research issue is investigated by statistical methodologies focusing on a sample made up by 333 companies operating in 12 European Union countries.
Findings, managerial implications and suggestions for future research are outlined and discussed
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