Search results for "Economia"
showing 10 items of 2567 documents
Unveiling the Antecedents of International Diversification: An Agency Theory Approach
2014
While various studies have developed hypotheses about the antecedents of international diversification drawing mainly on the resource-based view, the behavioral theory of the firm, and the transaction costs literature, we advance our understanding by investigating the explanatory power of agency costs of free cash flow arguments. Using a sample panel of 167 Italian firms longitudinally evaluated during the 1980-2010 period, this study tests whether the firm’s choice to spread operations in multiple foreign countries is conditioned by excess of free cash flow and debt, especially in firm-contexts where agency problems are exacerbated by managers or large shareholders’ opportunism. We find th…
Unveiling the Antecedents of International Diversification: An Agency Theory Approach
2014
While various studies have developed hypotheses about the antecedents of international diversification drawing mainly on the resource-based view, the behavioral theory of the firm, and the transaction costs literature, we advance our understanding by investigating the explanatory power of agency costs of free cash flow arguments. Using a sample panel of 167 Italian firms longitudinally evaluated during the 1980-2010 period, this study tests whether the firm’s choice to spread operations in multiple foreign countries is conditioned by excess of free cash flow and debt, especially in firm-contexts where agency problems are exacerbated by managers or large shareholders’ opportunism. We find th…
New Challenges for Sustainable Organizations in Light of Agenda 2030 for Sustainability
2021
Sustainability is one of humanity’s most daunting issues at present. Increasing popula- tion, escalation of anthropogenic activities, industrialization, modern agricultural practices that pollute water, air, and soil around the world, and ever-increasing greenhouse gas emissions mean that sustainability is now in doubt [1]. In response to these critical concerns, the world has come up with several initiatives including Agenda 2030. Agenda 2030 is a commitment to eradicate poverty and achieve sustainable development worldwide, ensuring that no one is left behind by 2030. Its adoption was a landmark achievement, providing a shared vision towards sustainable development for all. Its 17 Sustain…
Contagion and Bank Runs in a Multi-Agent Financial System
2012
In this work we explore contagion from one institution to another that can stem from the existence of a network of financial contracts. In fact, in modern financial systems, an intricate web of claims and obligations links the balance sheets of a wide variety of intermediaries (banks, for instance) into a network structure of interdependencies that have created an environment for feedback elements to generate amplified responses to shocks to the financial system. Small shocks, which initially affect only a few institutions, can indeed spread by contagion to the rest of the financial sector and cause a crisis in the connected intermediaries. Whether the financial crisis does spread depends c…
Threshold rule and scaling behavior in a multi-agent supply chain
2010
In this paper an agent-based model of self organized criticality is developed in a network economy characterized by lead time and a threshold behavior of firms. Instead of considering the aggregate production of the economy as a whole, we focus on both the propagation and amplification effects of a demand shock in the sectorial productions of a multi-agent supply chain. We study a static network structure representing a relation of firms in a lower-upper stream in an industrial organization. In our model, the individual (R, nQ) policies play an important role in generating a propagation effect across the different layers of the economy, and the propagation turns into the large fluctuations …
I gruppi aziendali come fattispecie di aggregazione
2008
Determinants of Italian agri-food exports in non-EU Mediterranean Partner Countries: An empirical investigation through a gravity model approach
2013
The aim of this paper is to lay emphasis on the main factors (economic, historical, structural, etc.) that affect Italian agri-food exports in the non-EU Mediterranean Partner Countries (MPCs). The authors estimate a gravity equation including some of the main variables found in the reference literature useful to highlight the main factors which influence the bilateral exchanges. The results show that the variables traditionally included in the gravity equation present the expected sign. In particular, Italian agri-food exports towards its neighbouring Mediterranean countries are positively affected by income of partner countries, colonial and historical ties, geographical proximity and the…
THE ROLE OF SICILY IN THE MARITIME TRAFFIC OF AGRI-FOOD PRODUCTS IN THE MEDITERRANEAN BASIN
2011
This paper shows the results of a survey on trade flows to agri-food products among Sicily and the non-EU countries of the Union for the Mediterranean, through maritime transport. The aim of this paper is to outline the role that Sicily plays in respect of trade in agricultural products through the maritime mode considering its strategic location in the Mediterranean basin. Political reference scenario is that of the Union for the Mediterranean and EU Mediterranean Transport Policy (motorways of the sea). The work contains an analysis of the evolution of maritime trade in agri-food of Sicily, in the main ports of departure and arrival, with non-EU countries of the Union for the Mediterranea…
Problematiche e prospettive di sviluppo economico dell’agricoltura biologica siciliana
2004
Sicilian organic farming is looked at with high interest and attention by sector researchers and analysts. Organic farming sector in Sicily as to growth rate, total area, number of certified farmers, variety of organic products and climate and environmental characteristics, may be considered today as the most important in Europe. An analysis of the regional scenario points out several strengths and weaknesses of the sector, some of which partly caused by external factors, concerning organic farming on a whole, and some others related to some specific aspects of Sicilian situation. The rapid growth of this sector is mostly due to the gradual definition of a legal framework and to the financi…
Agricoltura, alimentazione e paesaggio nei territori produttivi. Intrecci disciplinari tra piano e programmi di sviluppo nei casi della Sicilia centr…
2015
La riflessione che di seguito si sviluppa vuole condurre verso una più estesa considerazione delle implicazioni sociali dell’attività agricola. Il dibattito nel campo economico agrario, infatti, si concentra sui contenuti che l’attività agricola trasmette attraverso la modellazione del paesaggio, la conservazione della storia, la tutela dell’ambiente e della salute. La notorietà della Dieta mediterranea e il suo riconoscimento globale sembrano riassumere in larga parte queste proposizioni.