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Aguiari R., Sist F. (2010) The International strategic alliances between european firms and the firms of mediterranean partner countries
No full textThe main aim of this paper is to present the result of the developing research on the trend of co-operations between European firms and firms of Mediterranean Partner Countries (Algeria Egypt, Israel, Jordan, Lebanon, Morocco, Occupied Palestinian Territories, Syria, Tunisia, Turkey), from 2004 to 2008. The firms form alliances, as international strategy, if the environment and rules support their cooperation. When the economy of the country of partner is not stable, firms prefer equity alliances. The assumption is that the market integration process increases the collaborations between the firms of involved countries. The trend of flows of direct investment, in which the international strategic alliances are accounted, supports the assumption. The research question is: ‘Is the Barcellona (1995) process increasing the formation of international strategic alliances between European firms and firms of Mediterranean Partner Countries?’. The research is an exploratory study, which analyzes data of the annual reports of the observatory of European Commission (MIPO) of the agency (ANIMA) created by European Commission to support the cooperation between countries. The data-set is the collection of equity international strategic alliances between European
firms and firms of Mediterranean Partner Countries, through manual cross checks of the list of flows of direct investment in Mediterranean Partner Countries, from 2004 to 2008. The statistical analysis is descriptive and it is composed by a comparison of the equity international strategic alliances (EISA) with the risk rank of countries, and by the breakdown of trends of EISAs in every MPC with the year of agreements and the value of funds received by European Commission. The statistical analyses show that EISA from European countries in MPCs are not influenced in a strong way by the risk of the MPCs. In Turkey, Morocco, Tunisia and Israel the EISAs are increasing. Further evidence is still to be obtained in the next steps of analysis. The implications of results of this study suggest topics of research that should be more inquired in literature. The entrepreneurs will be informed on the characteristics of investments in Euro Mediterranean area, thus they will take choices in the future on their business.
This paper contributes to develop and to understand the trends and changes of dialogue between European and Mediterranean firms in Barcellona (1995) process. The institutions will look at the work to understand the effects of their actions on enterprises and which area they have to reinforce. The entrepreneurs and management involved in an internationalization process valuating the opportunity of forming EISA.
KEY WORDS equity alliances | international strategies | Euro-Mediterranean
cooperation | internationalization process | European firm
International strategic alliances and internationalisation process: the family ownership effect in Italy
Full text linkLa teoria eclettica sostiene che le decisioni strategiche di internazionalizzazione sono
influenzate dalle caratteristiche delle imprese e in Italia le imprese familiari contribuiscono in modo significativo all’economia del Paese.
Questo studio esamina se la struttura proprietaria delle imprese italiane influenza il processo di internazionalizzazione delle imprese che hanno formato alleanze strategiche internazionali con partecipazione al capitale di rischio (Equity International Strategic Alliances).
In particolare confronto il livello di internazionalizzazione, il coinvolgimento internazionale, la scelta del paese e la crescita delle organizzazioni tra imprese familiari con le imprese non
familiari, questa è la metodologia più utilizzata nella letteratura sull’imprenditorialità delle imprese
familiari.
La definizione di imprese familiari si basa sulla partecipazione della famiglia diretta e
indiretta al capitale dell’impresa e la presenza di in componente della famiglia nel consiglio di amministrazione. Utilizzando una variabile dicotomica ho separato le imprese familiari dalle imprese non familiari tra le imprese selezionate nella base dati Zephyr della BvD. I dati finanziari
mancanti sono stati rilevati nei bilanci delle imprese.
L’analisi dei dati finanziari, con Kruskall Wallis e il software SSPS, evidenzia che la
struttura finanziaria delle imprese ha un effetto sul livello di internazionalizzazione, perché le
imprese familiari hanno un livello maggiore rispetto alle imprese non familiari quando formano alleanze strategiche internazionali di tipo equity; infatti in letteratura si è già trovato che tale
differenza si ha quando le imprese familiari pianificano il processo di internazionalizzazione.
La struttura proprietaria di tipo familiare non influenza in modo significativo, rispetto alle
imprese non familiari, il coinvolgimento nel processo d’internazionalizzazione, la crescita
dell’organizzazione e la scelta del paese in cui ha formato l’alleanza strategica internazionale.
Anche se da un’analisi di tipo descrittiva risulta che le imprese familiari reagiscono meglio delle
imprese non familiari alla diminuzione del fatturato che è previsto durante la fase di formazione
dell’alleanza di tipo equity.
Il coinvolgimento della famiglia nell’attività dell’impresa influenza positivamente il
coinvolgimento dell’impresa nel processo d’internazionalizzazione: all’aumentare della
partecipazione diretta della famiglia all’impresa aumenta la partecipazione nell’alleanza. I risultati
sull’influenza del coinvolgimento familiare verso il coinvolgimento nel processo
d’internazionalizzazione offre opportunità di sviluppare ricerche future.Internationalisation strategy decisions are influenced by features of firms and Italian family firms make a significant contribution to the Italian economy. This study examines whether the ownership structure of Italian firms affects the internationalisation process of firms that completed
equity international strategic alliances (EISA). This paper provides a comparison of the degree of internationalisation, the internationalisation commitment, the choice of country and the growth of organisation between family businesses and non-family businesses. Financial data of Italian firms
that completed an EISA between 2003 and 2006 were used for this analysis. The analysis of data shows that family ownership has an effect on the degree of internationalisation. In fact, family
businesses are more internationalised than non-family businesses if firms have completed an equity international strategic alliance. Family ownership does not influence growth of organisation and the
choice of country in which international strategic alliances is formed. The family commitment influences positively internationalisation commitment. The influence of family commitment towards internationalisation commitment offers an opportunity for future research
ESG European Framework in the Italian Leasing Industry: A Textual Analysis.
No full textWe analyzed how the leasing sector is integrating the ESG (Environmental, Social, and Governance) framework using textual analysis of the consolidated non-financial information of 18 Italian leasing companies over the period 2017–2022. The revision of corporate responsibility reporting on sustainability and the broadening of the topics covered by the Corporate Sustainability Reporting Directive (CSRD) raise questions about the financial intermediaries that are required to report. As intermediaries may have different business models, we decided to focus on the leasing sector. Our sample shows that companies in the leasing sector are increasingly focusing on sustainability, whether they are considered stand-alone or part of the banking group to which they belong. However, our analysis is limited by the lack of a link to concrete action measures also because the leasing sector is paying for the availability of data, especially about sustainability disclosure. The next step will be to analyze an extended sample of other European leasing companies and banking groups
Value creation in banking through strategic alliances and joint ventures
No full text"A large number of studies (DeYoung et al., 2009) analyze merger outcomes in the financial industry, while other forms of business cooperation are still poorly investigated. Our paper examines results of strategic alliances and joint ventures in European and US banking over the period 1999–2009. First, we estimate abnormal returns around the deal announcement date and then these are regressed on a large set of explanatory variables. We show that joint ventures create shareholder value when involving non-banking financial partners and allowing banks to expand abroad, while international strategic alliances tend to destroy shareholder value
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
Appropriate Similarity Measures for Author Cocitation Analysis
Full text linkWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
Dispelling the Myths Behind First-author Citation Counts
Full text linkWe conducted a full-scale evaluative citation analysis study of scholars in the XML research field to explore just how different from each other author rankings resulting from different citation counting methods actually are, and to demonstrate the capability of emerging data and tools on the Web in supporting more realistic citation counting methods. Our results contest some common arguments for the continued
use of first-author citation counts in the evaluation of scholars, such as high correlations between author rankings by first-author citation counts and other citation
counting methods, and high costs of using more realistic citation counting methods that are not well-supported by the ISI databases. It is argued that increasingly available digital full text research papers make it possible for citation analysis studies to go beyond what the ISI databases have directly supported and to employ more
sophisticated methods
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