Search results for "enterprise."

The Graduates in the Knowledge and Innovation Society

2011

According to the crucial importance of innovation for modern economies, the role of graduates regarding innovation appears to be a major topic when their performances in the labour market at stake. Five main questions are addressed in this chapter: (1) What does innovation mean? (2) Which organisations are likely to be more innovative? (3) What role do Higher Education graduates play regarding innovation? (4) Are they equipped to do develop innovation? (5) Which are the occupations more related to innovation, and are innovative activities rewarded? The results presented in this chapter confirm that higher education graduates are crucial actors in the innovation process. The jobs of innovati…

Requirements and a framework for broker based integration in service-oriented architecture

2003

Empirical evidence of the effect of European accounting differences on the stock market valuation of earnings and book value

2002

Recently, a new dimension has been added to research in accounting harmonization by studying the effects of accounting practices and regulations on share price and return movements. Although there is an agreement of mutual recognition in the European stock markets of financial statements adapted to the directives, the differences between the European countries are still great. The objective of this study is to investigate the value relevance of alternative accounting measures (earnings and book value) constructed under different accounting systems in Europe. We investigate the differences in accounting practices through the relationship between earnings and book value, and the stock market …

Market trends in Spanish higher education

1997

Abstract Higher education in Spain broke away from its close dependency on the State in the last decade. In this paper we analyze the steps undertaken by the Spanish higher education system which has allowed market influences to grow in recent years. We analyze the historical framework and legal changes which have facilitated market trends in higher education. We consider the influence of these market trends on the financial and organizational structure of universities. We conclude that, though the steps are still hesitant, market-like elements are increasingly affecting every aspect of higher education life.

Contemporary Role of SMEs in Employment in Manufacturing and Service Industries

2017

Abstract. Analysis made in the article allows to conclude that the SME sector of high-tech manufacturing industries plays growing role in solving the problems of employment in developed countries. However, the major problem is that it is capable for only partial compensation of the loss of jobs in labour intensive sectors of the economy. Accumulation of knowledge of the population in industrialized countries together with high levels of computer literacy contributes to the revitalization of business services sellers that are mainly small sized businesses. In the era of fast growing technology industries, in particular related to IT sector, the role of SMEs in economy is increasing as they a…

Founding-family-controlled firms, intergenerational succession, and firm value

2022

Using a unique, hand-collected data sample and panel-data econometric techniques, we analyse the impact of founding-family control and intergenerational succession on the value of Chilean listed companies. After controlling for firm- and ownership-specific characteristics, we find an inverse U-shaped relationship between a founding family’s degree of ownership and firm value. Hence, family ownership at first increases firm value. However, when family ownership exceeds a threshold of about 38 percent of outstanding shares, the family takes advantage of its power in the firm and extracts wealth from minority shareholders. Further, if the founder of the company is the CEO or chairman of the bo…

The determinants of social sustainability in work integration social enterprises: the effect of entrepreneurship

2021

Work integration social enterprises (WISEs) exist to fight poverty and social exclusion. They offer support and guidance to those at risk of exclusion to help these individuals join the labour market. This study examines the relationship between social enterprises (specifically, work integration social enterprises) and their social impact, considered here in the form of social sustainability. This article presents the results of empirical analysis of 62 Spanish work integration social enterprises using fuzzy-set qualitative comparative analysis. The article focuses on the entrepreneurial characteristics of the companies’ founders and managers as drivers of social value creation. Specificall…

Role of alternative food networks in Sicilian farms

2014

Today the short supply chain can be carried out through several typologies which are called as alternative food networks (AFNs). In fact, according to some studies, it is an 'alternative' response to the dominant agro-food system, which offers the possibility to produce food products through supply chains that are opposed to long, complex and rationally organised industrial chains. In the last years many European farmers adopted short supply chain to commercialise their agro-food products and Italy is one of the EU members in which AFNs are developed, thanks to its numerous typical an local products. The aim of this paper has been to analyse the role that AFNs play in Sicilian farms and how…

The impact of corporate characteristics on the financial decisions of companies: Evidence on funding decisions by Italian SMEs

2015

Small and medium enterprises (SMEs) represent a large percentage of the corporate tissue of developed countries, but they do not have adequate attention. In fact, various researchers have focused their studies on larger and well-known companies. This paper aims to investigate the impact of corporate characteristic on the financial choices of SMEs, with a specific focus on agro-food micro companies. Access to finance is vital in business start-up, development and growth for SMEs, all with very different needs and facing different challenges in terms of finance compared to large companies. The lack of equity invested in small enterprises makes them more dependent on other external sources (e.…

Financial literacy, value creation and firm performance. An investigation of Italian small and medium enterprises

2023

This article aims to determine the influence of entrepreneurs’ financial literacy for the growth of SMEs’ value. The paper verifies the hypothesis that there is a significant relationship between financial literacy and value creation, as indicated by economic value added (EVA®). The study analyses 162 Italian SMEs operating in the textile and clothing sector. The analysis period is between 2011 and 2013. Regression analysis and correlation analysis have been applied to test the hypotheses. The results suggest a positive and significant relationship between financial literacy and the variables that drive the value creation. Greater financial literacy allows SMEs to optimise their capital str…