0000000000052976
AUTHOR
Romilda Mazzotta
Does board diversity affect firm performance? Evidence from the Italian Financial Sector
The aim of the study is to examine the effect of diversity in the board of directors on the performance of the listed Italian financial institutions. The sample is a data set of 177 firm-year observations covering 2011 to 2014. The performance of the firm is measured by Tobin’s Q while board diversity is analysed considering the percentage of female and foreign directors on the board (or their conjoint presence as a proxy of overall demographic diversity) and task-diversity is measured by board interlocking directorship and busy directors. Findings suggest that female directors have no effect on firm performance. Foreign directors and interlocking directorship have, instead, a positive stat…
The intellectual capital management in the local public utility
The competitive advantage of companies is increasingly focused on Intellectual Capital and on its management. Factors such as skills, innovation, stakeholders’ relation, development and sharing of knowledge have become key factors’ success. All these aspects are, nowadays, very important for the Local Public Utilities. These organizations produce goods and services operating in competitive markets (and for the market) in a utility function (economic and social) for the local community (and services) using infrastructure resources (systems, network infrastructure), technological and organizational. The introduction of the logic of economic efficiency and competitiveness led to a rethinking o…
Editorial: Is There Still Something to Learn about the Association of Corporate Governance with Firm Performance?
The association of Corporate Governance (CG) with Firm Performance (FP) has always been an issue relevant to management literature, despite the notable heterogeneity of studies and their mixed results highlighting the opportuneness of continuing to investigate the association of CG with FP. The article aims to contribute to this lively debate by pointing out the main causes of the mixed findings and the contributions of three papers which, in the authors’ opinion, add knowledge to the CG-FP research stream, which deserves more empirical research, as there is still something to learn about this association. us possibilities of majorly used social media websites and the products which are be…
La disclosure del capitale intellettuale. Un’analisi empirica delle società quotate italiane
Nell’attuale ambiente economico la ricchezza che un’azienda è in grado di generare è sempre più condizionata dalla sua capacità di apprendere, innovare, capitalizzare conoscenze e sviluppare relazioni. Tali elementi, identificati nella letteratura con il termine di capitale intellettuale, rappresentano per le aziende una risorsa chiave capace di generare vantaggi competitivi sulla concorrenza. Diventa pertanto essenziale comunicare e adeguatamente rappresentare tale risorsa. I documenti in cui è possibile trovare informazioni sul capitale intellettuale sono sia quelli di rendicontazione volontaria sia obbligatoria.Obiettivo del volume è di analizzare l’importanza del capitale intellettuale …
Strategic planning dimension in Italian universities
In this paper we analyze both structure and substance of the planning process support documentation. We have identified a set of dimensions widely used in both theory and practice and related to what is commonly referred to as Performance (Performance management). For research purposes we distinguish between process related dimensions and substance related dimensions. With respect to the for mentioned distinction we construct a cluster matrix of the universities where a position of a single university inside the projection is defined as a function of the plan quality variables and the process quality variables.
Intellectual capital disclosure in sustainability reports
The purpose of this chapter is to analyze the level and the quality of voluntary disclosures of Intellectual Capital (IC) in the sustainability reports on a sample of Italian listed companies. The authors conducted an analysis of twelve sustainability reports for two years (2009-2010). These are related to six firms selected among the most capitalized 37 Italian listed companies. To investigate the “level of disclosure,” the authors identified the presence of IC information, while to evaluate the “IC quality,” they constructed a voluntary disclosure index based on content analysis. IC information disclosure is more likely present in sustainability reports of firms with a higher levels of ap…
Business succession and intellectual capital management in family firms
Family businesses are institutions in which two seemingly disparate social units (i.e., families and businesses) are highly integrated. This connection extends to succession across generations and while natural, this can be a difficult process. The founder, thanks to his long stay in the family business, has a substantial amount of tacit knowledge related to the firm which can often determine business success. In the succession process it is important to diffuse and manage overall knowledge, or intellectual capital, to the successor. This study attempts to contribute to the literature casting some light on the business succession in a family firm informed by an intellectual capital perspect…
Intellectual capital information in sustainability reports: an analysis of Italian banking sector
In a knowledge-based economy Intellectual Capital is a main source for companies to gain competitive advantage. This study focuses on banking sector, which is one of the most knowledge-intensive industries. The aim of this paper is to examine empirically the level and the extent of Intellectual Capital (IC) information in the sustainability reports over the years 2006 and 2012. Several empirical studies have examined the quantity and the nature of IC information disclosure in annual reports in different industries and countries, but few studies have analyzed the ICD in the financial sector. Banks policies regarding how they contribute to the conservation of energy and natural resources and …
Le dimensioni della pianificazione strategica nelle università
Nel contributo si esamina lo stato di applicazione degli strumenti di pianificazione strategica nelle Università pubbliche Italiane nonché le modalità di sviluppo del processo di pianificazione e definizione degli obiettivi strategici. Si esaminano, a tal fine, la struttura e il contenuto dei documenti di pianificazione sulla base di due dimensioni (di contenuto e di processo) ritenute essenziali, dalla dottrina e dalla prassi nazionale e internazionale, in materia di gestione della Performance (performance management). Sulla base di tali dimensioni è definita una matrice di posizionamento all’interno della quale sono stati collocati, in funzione della qualità del piano e del processo segui…
Il bilancio d'esercizio secondo la normativa e i principi contabili nazionali
IL BILANCIO D'ESERCIZIO SECONDO LA NORMATIVA E I PRINCIPI CONTABILI NAZIONALI
Board Evaluation in Italian Listed Companies
In the last decade performance evaluation of the Board of Directors has become a best practice at national and international level. Italy is an interesting area of analysis given the high concentration of ownership that characterizes companies, including listed companies. In this context the choices of governance that affect the level of disclosure, for which the expectation is to have a low level of disclosure on the practice of BE (Board Evaluation).The first purpose of this paper is to present a resume on the state of the art in terms of BE for Italian listed companies at 31st December 2012, in terms of presence/absence of the practice of disclosure and its more or less extensive disclos…
Measuring and reporting intangible assets in multi-sectoral science and technology park: AREA Science Park of Trieste
The aim of the present study is to describe the instrument of IC reporting for research organization (RO), which have a broad scope of activities that differ from universities and private firms. Generally, they are specialized in different field applied research and technology development. The present study focus on a public research center, which uses public funds and this means that there is a greater demand for accountability. The company under analysis is the AREA Science Park of Trieste (Italy), born in the late 70s. AREA is now one of the most important parks internationally, recognized in 2005 by the Ministry of Education as a Public Institution National Research first level and poin…
La rendicontazione delle performance nelle imprese sociali: l'esperienza italiana
The law namber 755/06 on Social Entreprises made it obligatory to produce a Social report. In the past, this hat been voluntary but is now seen as an an important development in the reporting for this type of enterprise . the aim of this contribution is to describe the involvement of the stakeholder in the enterprise according with criteria stated by the Law. In particular is analysed the new concept of multistakeholders' governance stated by the above Law Decree and giving evidence of the state or the art in the Social Entreprises field.
The Impact of Corporate Governance on Internet Financial Reporting in Concentrated Ownership Companies
In the context of agency theory this study investigates the effect of corporate governance (CG) on Internet Fianncial Reporting disclosure (IFR) in concentrated ownership envitonment, such as Italy. We hypothesize that IFR may be explain in term of increasing trasparency in order to defen minority shareholder interest, so we predict, and find, a positive association between the extent of a firm's IFR and its CG and a negative assocaition between IFR and ownership structure. Abstract. This study investigates, upon agency theory, the effect of corporate governance (CG) on Internet Financial Reporting disclosure (IFR) in an ownership concentrated environment, such as Ita-ly. We hypothesize tha…
Are mandatory non-financial disclosures credible? Evidence from Italian listed companies
According to the Directive 2014/95/EU on non‐financial information (NFI), from 2017 onwards, large companies of member states must provide social, environmental, and governance disclosures. This paper, focusing on the evaluation of the credibility of NFI in Italy after the implementation of the EU Directive, aims to investigate whether making non‐financial disclosures (NFDs) obligatory affect their credibility. From a theoretical perspective of material legitimacy theory, we investigated the NFDs of the 31 FTSE MIB Italian listed companies for the 2017 fiscal year. Through a meaning‐oriented content analysis, we developed a self‐constructed credibility index applying an operational framewor…
LE IMPRESE SOCIALI Un’analisi degli aspetti di governance e rendicontazione
Negli ultimi anni il numero delle imprese che operano nel terzosettore è aumentato e le attività svolte si sono arricchite di contenuti.Oggi, infatti, le aziende non profit, oltre all’assistenza sociale esanitaria e alla formazione, svolgono attività di tutela dell’ambientee dell’ecosistema, di valorizzazione del patrimonio culturale e del turismosociale, di ricerca ed erogazione di servizi culturali. In questomutato quadro ambientale di riferimento, il legislatore con il D.Lgs155/2006 ha introdotto le imprese sociali, un nuovo strumento giuridicoche permette alle aziende del terzo settore di operare con maggiorefacilità sul mercato. Gli aspetti che caratterizzano queste impresesono due e s…
Intellectual Capital in a Services-Oriented Firm
This chapter discusses the Intellectual Capital (IC) and its management within the services-oriented firms. It argues that IC and its management are as important as in a product-oriented firm. The authors aim to analyze the intellectual capital in the service-oriented firms, focusing on various components, such as human, structural, and relational capital (IC stock), and how to manage it (IC activities). Specifically, the authors examine IC stock and IC activities in a special type of Italian services firms: the Local Public Utility (LPU). These firms are peculiar since were affected by the privatization process and this has made a great need for rethinking the role of intellectual capital …