1,721,016 research outputs found
Servitization in manufacturing: an opportunity to research on hybridization of management accounting
No full textExploring the relationship between product-service system and profitability
Full text linkOver the last few decades there has been a significant change in the economic output worldwide, and services have become more and more important. Manufacturers strengthen their competitive position by relying on service offerings, which has been referred to as “servitization”. A particular research stream within such framework recalls product service systems (PSS) as the integration of products and services to deliver value to the customer. The purpose of the paper is to examine the relationship between PSS categories and profitability. The empirical analysis uses a dataset of 10,051 companies on machinery manufacturing industry drawn from the ORBIS database. The analysis further considers the location of firms and differentiates between the European and BRIC countries. The findings reveal that profitability could be represented by an ideal bell curve if we consider on the horizontal axis a spectrum of PSS with an increasing servitization level. In fact, a higher profitability is expected for those companies offering central PSS categories (Product-Oriented, Service-Oriented and Use-Oriented PSS) in contrast to what happens for Integration-Oriented and Result-Oriented PSS categories which are closer, respectively, to the “pure product” and the “pure service” configurations extremes. Finally, considering the stage of economic development, the choice of offering Integrated-Oriented PSS brings to a better financial performance in BRIC countries, whereas, in the same setting, Use-Oriented PSS choice has a negative impact
Do management accounting systems influence organizational change or vice-versa? Evidence from a case of constructive research in the Healthcare Sector
No full text
SERVITIZZAZIONE DEL MANIFATTURIERO E CONTROLLO SU PRODOTTI E SERVIZI
No full textNegli ultimi decenni si è assistito ad un profondo ripensamento strategico delle aziende manifatturiere che combinano sempre più l’offerta di servizi ai tradizionali prodotti con l’obiettivo di soddisfare i clienti, accrescere le performance ed ottenere un vantaggio competitivo. Tale fenomeno è denominato “servitizzazione” del manifatturiero. Questo lavoro intende fornire evidenza empirica attraverso interviste condotte su un campione di dieci aziende manifatturiere italiane. L’intento è quello di offrire spunti di riflessione e un quadro, seppur parziale, della diffusione della servitizzazione in Italia e delle sue implicazioni sulla contabilità direzionale
Family firms, management control and digitalization effect
No full textPurpose – This study investigates the association between family firm status and the maturity level of management control systems (MCSs) by considering the moderating effect of process digitalization. Design/methodology/approach – The authors conducted an empirical analysis on a sample of 106 Italian firms, utilizing both ordinary least squares and ordered logistic regression in this study.
Findings – By resorting to the MCS maturity model proposed by Marx et al. (2012), the empirical findings reveal that family firms do not differ from their nonfamily counterparts regarding MCS maturity. Furthermore, the degree of process digitalization is positively associated with the probability of adopting IT-related technologies in MCSs. Digitalization negatively moderates the relationship between family firm status and MCS maturity, resulting in family firms exhibiting a lower MCS maturity level than their nonfamily counterparts. Research limitations/implications – Despite similar efforts in the digitalization process, family firms lag behind in the adoption of IT-enabled MCSs, which suggests that reduced agency issues in family firms constrain the MCS maturity level.
Practical implications – This study can assist practitioners in implementing a more mature MCS by considering the interplay between internal digitalization processes and family status of the firm, thereby enhancing the decision-making process.
Originality/value – This study adds novelty to an underexplored area at the intersection of MCSs, family firms and digitalization.
Keywords Management control systems, MSC maturity, Family firms, Digitalization, Italy Paper type Original articl
Progetto di FormAzione SUAP. Esperienze di digitalizzazione dei servizi pubblici in Toscana
No full textSports failures and stock returns between rationality and emotionality: Evidence from the UEFA Champions League
Full text linkThe paper explores the relationships between sports performance and financial performance in football, with a focus on the UEFA Champions League competition games. Conducting an Event Study Analysis on games of eighteen listed football companies taking part in the UEFA Champions League from 2006, the paper finds that the exit from the competition produced a negative statistically significant impact on the stock returns of listed football companies. A double, mixed and contrasting effect co-exists: the rational and the emotional (sentiment). On the one hand, investors rationally evaluate the sports failures by considering the teams' realistic chances of success. On the other hand, certain emotional aspects are important in investors' decisions. The emotional part is also present in variables originally expected to be rational
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