1,721,139 research outputs found
GLI STUDI PROFESSIONALI: ASPETTI DEFINITORI E CARATTERIZZANTI
No full textDopo aver trattato la definizione e attività professionale, si identificano le tipologie di studi professionali e la loro diffusione e rilevanza nel contesto italiano
I CONSORZI: ASPETTI DEFINITORI E CARATTERIZZANTI
No full textIl capitolo tratta la diffusione dell'attività consortile, la definizione della fattispecie dei consorzi e la loro diffusione in italia
LA NANOIMPRESA: ASPETTI DEFINITORI E CARATTERIZZANTI
No full textIl capitolo ha lo scopo di offrire una visione qualitativa e quantitativa degli strumenti per identificare la nanomipresa. Si analizza poi la diffusione e la rilevanza della nanoimpresa nel contesto italiano
La valutazione di continuità in fase di sequestro e la successiva valutazione economica
No full textESG controversies and the cost of equity capital of European listed companies: the moderating effects of ESG performance and market securities regulation
No full textPurpose – This paper aims to investigate the effect of environmental, social and governance (ESG) controversies on the cost of equity (COE) capital, exploring the moderating role of both positive ESG performance and market securities regulation.
Design/methodology/approach – This paper adopts a sample of 2,599 time observations related to European listed companies for which the authors examine a set of 30 negative ESG scores across the three pillars in terms of controversies, compliance and other negative issues. This study uses the average of seven implied COE estimates.
Findings – The results show that negative ESG performance, particularly environmental controversies, increases the COE, although this impact is mitigated when associated with company efforts to improve environmental performance. Besides, environmental controversies are likely to increase the COE in countries where the market regulation is stronger, as a consequence of higher investors’ expectations towards the scrutiny role of more efficient markets against companies’ controversies.
Practical implications – Companies should take care seriously of environmental issues such as biodiversity, product impact and resource impact, because investors do react accordingly. As despite no direct effects of positive ESG performance are observed in terms of COE reduction, the mitigating role on the ESG controversies–COE relationship makes ESG practices still significant for European investors.
Social implications – The effects of ESG performance on company financial performance should be investigated under the assumption that bad events weight more than positive ESG performance.
Originality/value – Because no prior studies have specifically assessed the effect of the European listed companies’ ESG controversies on their COE, this paper delivers insights into the relationship between positive and negative ESG performance and their effects on capital market financin
Venture resilience, criminal approaches and the welfare state: entrepreneurial decisions and opinions one year after the COVID-19 outbreak
No full textPurpose – This study aims to investigate the resilience of Italian companies one year after the coronavirus disease 2019 (COVID-19) outbreak by examining the companies’ choices and opinions regarding the welfare state, criminal approaches and mergers and acquisitions (M&As) during the pandemic.
Design/methodology/approach – The authors proposed a conceptual framework based on a combination of private vs public protection and business resilience theory and adopted a concurrent embedded mixed method approach, using an online survey of 219 entrepreneurs.
Findings – The authors find the respondents showing high resilience to the crisis and strongly unaffected by organised crime’s (OC’s) predatory role; the State seems to have quickly and effectively met the financial needs of sampled Italian companies, at least in the short term.
Practical implications – Whilst welfare can be highly effective for companies to combat crime, regulators should recognise that public protection may decrease with time, leaving companies open to long-term challenges.
Originality/value – The authors believe that our study makes a significant contribution to the entrepreneurship literature because this is the first study to explore how entrepreneurs deal with financing problems in a context characterised by a strong impact of the COVID-19 pandemic and OC pressure
A conceptual framework for the Greenwashing strategy research
Full text linkGreenwashing arises from the companies’ need to address the trade-off between the increasing importance of environmental compliance
and their real and supportable efforts toward this objective. This paper aims to contribute with a theoretical analysis of greenwashing strategy, starting from a design of its conceptual vision. Our contribution is the development of a conceptual framework, able to represent a solid background for future empirical testing of the research question arising from the analysis of greenwashing in a business economic perspective. In doing so, we adapted the most important theories belonging to socio-political perspectives (i.e., legitimacy and stakeholder theories) and those related to voluntary disclosure (signaling theory) to the greenwashing strategies. We aim to illustrate how corporate theories can support the role of corporate disclosure in greenwashing strategies and how these strategies may be applied through a (mis)use of disclosure. Furthermore, our path of analysis aims to seize the link between greenwashing strategies and the creation of economic and social value, enlightening possible future research areas
Punishing Vices or Rewarding Virtues? The Motivations for and Benefts of Ethical Ratings for Private Italian Companies
No full textIn A Treatise on Virtues and Rewards, Dragonetti (1769) advances a theory of action based on rewards for virtues. The idea of rewards, especially of awards, relies on the hypothesis that intrinsic motivations drive the actions of good or virtuous citizens. We apply this theory to virtuous entrepreneurs who voluntarily adopt ethical principles as promoted by a recent Italian law. These firms receive an ethical rating (ER) by the Italian Competition Authority (ICA) and can access a set of economic and non-economic benefits (i.e. rewards). We survey a sample of 152 private companies with an ER and examine their views on the economic and social motivations and benefits as well as the perceived usefulness of the ER for improving ethical behaviour. An exploratory factor analysis detects four categories of motivation (economic, competitive, social, and responsiveness) and two categories of benefits (economic and competitive), which we use in regression models to test Dragonetti’s theory. Overall, respondents see the ER as an effective tool, except in terms of improving economic performance.
We also find that entrepreneurs with lower economic and higher responsiveness motivations attain higher ERs. However, in the respondents’ opinions, the ER is (still) not producing any concrete benefits since we find no relationship between the ER and economic or competitive rewards. These findings have implications for the ICA as well as for private companies
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
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