The Outward Projection of Italian Firms: Facts and Figures on Foreign Affiliates

In the last two decades or so, globalisation has prompted a great deal of attention in the study of the international organisation of production, with in-depth industry studies on its welfare effects, both for firms and for workers. Outcomes did not prove a unique direction of effects, although the heterogeneous firms?? approach emphasised the intra-industry reallocation through intra-sectoral international competition. Thus, differences in the inner structure of companies filled the gap on the micro-level analysis that featured the study of international trade for several decades, although there is still the need to understand the effects of internationalisation on local systems of production and link such results to the consolidated meso-level of analysis of trade flows. Thanks to the microdata provided by the Italian Statistical Office (ISTAT), we are able to access information on the presence of Italian firms abroad, distinguished by geographical area of origin, destination and industry and check for their influence on affiliates?? structure and performance through appropriate indicators.     

On large enterprises: new findings from a European comparison

The recent evolution of Italian capitalism shows the increasing relevance of large enterprises at three levels: the economic and institutional environment, the ownership structure, and the financing policy. A comparison of the financial structure of Italian large enterprises with those of other European countries (France, Germany, and Spain), using Bank for the Accounts of Companies Harmonised data, shows their financial fragility, where the prevalence of debt over equity justifies the still strong and close relationship between ownership control and management in their strategies and the prevalence of obsolete bank–firm relationships based on short-term external finance and multiple business lendings. These factors slow down firms’ expansion and consequently the need for companies to grow so as to face the new global market. Finance is confirmed as a determinant of growth both in size and in organisation. We conclude that a pivotal role for the growth of Italian firms lies in a “revised” relationship between size, governance, and the firms’ financial structure.     

Spatial structure in a shift-share decomposition: new results for the Italian industrial districts case

In a previous work, a spatial shift-share model was proposed. That model took into account both the activity information of the territory and the legal status of the enterprises working inside it. The model presented, which had a twofold form, developed and came together into a unique formulation. The present proposal is able to suitably catch the neighborhood’s effect on the variation of an economical variable measured on the examined territory. This paper does not intend to repropose the aspects regarding the theoretical evolution of the first model. Instead, the principal goal is to make a comparison ceteris paribus between the results obtained with the new model and those reached through the application of the previous one, so to highlight the role of the association between the two factors included inside the decomposition. Italian industrial districts represent the economical context for this application since each model proposed is applicable to each district case without modifying the theoretical structure which is related, to the neighborhood definition. The application proposed here focuses on data on the chair industrial district located in the border region Friuli Venezia Giulia, with reference to the entire period 2000–2004.     

从PPI变化看当前稳增长与化解过剩产能

我国经济稳增长必须把化解过剩产能作为一项重要任务,这既是减少经济波动的需要,也是转变经济发展方式,为新兴产业发展腾笼换鸟的必然要求。建议多管齐下,实行五大战略:坚持实施扩大内需战略,大力促进消费需求增长和稳步推进城市化;坚持实施"走出去"战略,积极拓展国际新兴市场和转移国内过剩生产能力;坚持实施产业创新升级战略,大力优化行业技术和产品结构;坚持实施淘汰落后产能战略,严格控制过剩行业产能扩张;坚持建立健全产业引导调控战略,促进产业有序竞争发展。     

The Rise of International Nongovernmental Organizations: A Top-Down or Bottom-Up Explanation?

This study examines the conditions that facilitate the growth of international nongovernmental organizations (INGOs) in 126 countries, from 1982 to 2000. To explain the uneven growth of INGOs around the world, I test two competing theoretical approaches. The “top-down” perspective of growth focuses on the degree of a country’s integration into the world polity and international economy. The “bottom-up” perspective emphasizes the development of democracy and the prosperity of the domestic economy as significant factors in facilitating INGO growth within a given country. An econometric analysis of panel data with ordinary least squares (OLS) suggests that both economic and political factors at the global and national level explain the rise of INGOs, rather than viewing either in an isolated fashion.     

Economic Performance and Value Creation in the Lending Activities of Italian Banking Groups

The aim of this paper is to analyze the relationships between income performance and the creation of value in the loan disbursement activities of leading listed Italian banking groups with reference to the period 2001–2004. In order to assess the topic a number of simple profitability ratios regarding lending activity are introduced. Subsequently, a basic model for the definition of the economic value of the loan portfolio is suggested.      

ON THE LONG-RUN EFFECTS OF FASHION

We investigate the long-run dynamic interaction between fashion (brand loyalty) and industry structure. We analyze how this interaction affects the importance of fashion in the market for a product in the different stages of its life and characterize conditions under which fashion loses or preserves its relevance over time. The model can explain why some products survive fashion changes. ( JEL D21, L0)     

Optimal Logistics Networks: the Case of Italian Exports to Russia

This paper is based on the concept of ‘logistics excellence’. In the first part the parameters that define such excellence in the internationalization process of companies are discussed, with particular attention to its effects on the design of logistics networks. A critical analysis of some Italian case studies of “logistics excellence” is presented, to show how some Italian companies, involved in foreign trade, have changed their network design in order to reach excellent performances. One of the most interesting results of this analysis is that in some cases goals behind decisions were too high (“overperformance”) and generated network designs that were too expensive and complex if set against a balanced needs analysis (of clients and logistics operators). Only those who have borne in mind their clients’ needs as well as the need of limiting network costs and have supported their systems with creative choices have managed to achieve the best results within the Italian logistics system. In the light of these considerations, the second part of the article analyses the logistics situation in commercial relations between Italy and Russia (with specific reference on export from Italy to Russia) and points out how, in the face of some structural problems posed by the logistics distribution in Russia, the network design solutions that can reduce costs the most are those which will turn out being the most suitable in the long run. In the light of this, the steps to be taken in order to support the design of adequate logistics networks connecting Italy and Russia are described; the options offered by intermodal transport when adequately combined with newly designed logistics networks are also highlighted.     

The Value Relevance of Fair Value

This paper investigates the value relevance of revalued tangible assets and its variation depending on industry, size of the firm and age of revalued amounts. It examines the reaction of investors on the Romanian market, a developing market, in the period of economic growth between 2003 and 2007, before Romania’s adherence to the European Union. Also, it suggests a model which allows for the comparative analysis of the influence over share price attributed to two equity growth sources: revaluation reserves and operational profit. The findings confirm the central hypothesis of the study—revaluated amounts of tangible assets are value relevant—and verify the predictive and feedback value, timeliness, reliability, and the possibilities for fair value implementation, characteristics which have been selected for testing. However, the results are less consistent than the outcome of the variable which reflects the equity growth due to profit, which leads to a moderate value relevance of fair value in the case of revaluated tangible assets. The value relevance analysis on clusters verifies the established hypotheses regarding the superiority of value relevance for the manufacturing sector as opposed to the service sector and of revaluations older than 2 years compared to more recent revaluations. The hypothesis regarding higher value relevance of revaluated amounts disclosed by large firms compared to SMEs is not confirmed, as only the latter presented significant statistical values.     

A Chinese Model for Labour in Europe?

Based on long-term fieldwork in multiple locations, our article questions the approach that posits a Chinese model of work and employment relations as increasingly exporting its form of labour management and dominating worldwide. It does so by focusing on Europe and discussing two labour regimes considered as typically Chinese: the Chinese fashion workshops in the Italian fashion industry, and the Foxconn electronics plants in the Czech Republic. Our findings bring new insights to bear on issues for which research is still thin on the ground and challenge the hypothesis of a ‘Chinesisation’ of work and employment practices in Chinese small firms and MNCs operating in Europe. We move the focus away from the simple analysis of firm management prevailing in the literature and suggest that, in order to understand the firm’s behaviours, the role of the state, the unions, the migrant workers and the role of temporary work agencies should all be taken into consideration.     

The press and Alitalia's 2008 crisis: Issues, tones, and frames

Given that public opinion about a company's performance during a crisis is highly influenced by the way news media cover crisis events, studies that look at news media's choice of crisis issues, tones and frames are extremely valuable. This paper presents the main findings of a study on how the Italian and international press framed the Italian national airline Alitalia and its crisis in 2008 before its privatization. This study is based on content analysis of news articles published in 2008 in two Italian and two international newspapers. Comparisons of crisis issues, tones and frames between the Italian and international press are made. Implications and recommendations for crisis managers are discussed as well as directions for further research.     

Hidden jobs: Good news for sociologists

Applied sociology, if defined broadly enough, is a ray of light for sociology graduates in an otherwise dismal career landscape. This is particularly true in the Washington, D. C. metropolitan area. Sociologists’ general or liberal arts skills are as valuable, if not more valuable, than research specialization. Finding a job in government requires a different strategy than a job with a government contractor. Unfortunately, in neither case is there a rational path or match-up between a person’s skills and finding the job which utilizes these skills. Local knowledge can help in making the match. Edward Sabin, Ph.D., University of Michigan 1970, taught sociology for five years in the Midwest. Since 1974, he worked for 8 years as a writer/researcher under a number of government contracts in the area of international health. Currently he is a writer/systems analyst for a NASA library automation project.     

Female leaders and board performance in member‐serving nonprofit organizations

Despite an active stream of “good governance” research, there is not yet much nonprofit scholarship examining how the gender composition of a board or its leadership relates to board performance. This article helps to fill this gap, focusing on the governance practices of US‐based nonprofits serving a domestic or international membership. A structural equation model finds that the presence of female leaders relates to the performance of nonprofit boards both directly and indirectly through these leaders' presumed influence on board characteristics and operation. This research advances the field by empirically testing a longstanding theory that board performance is both multidimensional and contingent on the market and labor environment, organizational capacity and other characteristics—in this case, gender dynamics. We find there are some positive relationships between female board leadership and clearly defined measures of board performance. These findings also suggest that a strategy to balance a board's gender may serve many nonprofits, but gender representation works in tandem with other board characteristics.     

半岛电视英语台对中日关系的报道分析

近年来,以被喻为＂中东CNN＂的半岛电视台为代表的阿拉伯英语媒体逐渐成为国际传播中独具特色的一极。然而,我国的对阿研究仍多单纯以阿语媒体为对象,只涉及其国内传播,却忽略了对其国际传播的分析。此外,所使用的研究方法仍以传统的文本分析为主,欠缺跨学科理论创新与方法创新。因此,研究结论难以全面而准确地辨析阿拉伯国家在国际重大问题上所持立场与解决策略。在很大程度上,这也是目前国内区域国别相关研究普遍存在的问题。为此,本文以半岛英语台自十八届三中全会以来对中日热点话题的报道分析为案例,阐释对阿涉华舆论国际传播研究的模型与方法,为新环境下我国的阿拉伯研究提供参考。     

Accountability as a Managerial Tool in Non-Profit Organizations: Evidence from Italian CSVs

The long-term performance of NPOs is based on their ability to link and maximize social value as defined in their mission. This involves legitimacy obtained from stakeholders influenced by and influencing NPO activities, and their operational capacity or economic efficiency. Thus, NPOs have to utilize multiple level accountability systems which should be compatible with their multiple objectives and stakeholders’ claims. The accountability system of an NPO should focus on its operational capacity, because in order to maximize its efficiency, an NPO has to measure its resource use, cost structure, and financial structure. Legitimacy obtained from stakeholders is also integral. If an organization is considered a social contract between multiple stakeholders, it has to consider the social economic effects of its activities and it has the duty to account for them. However, since the mission of an NPO is to create and distribute social value to a certain specific group, its social value creation has the most important role and an NPO should measure the social value it has created. This article analyzes the accountability system of a specific type of Italian NPO called Centri di Servizio per il Volontariato (CSVs)—namely centers which provide services for voluntary associations. The aim of the research is to verify if the accountability system adopted by CSVs satisfies their need for multiple level information (operational, legitimacy, and social value) and accomplishes their stakeholder claims, and to determine its impact on the definition and implementation of their strategy and on their long-term performance. The research was carried out using the action research model, and the findings are based on the analysis of a sample of 64 CSVs situated throughout Italy.     

Assessing income support where no national minimum income scheme exists. Is it possible to apply the model family method to the Italian case?

This article focuses on the application of a specific comparative methodology, the model family method (MFM), in measuring the income derived from minimum income schemes. The application of the MFM to the analysis of this policy field shows several criticalities such as the difficulty to analyze countries in which no national scheme exists, and in which both the intra-national variations and the discretionary power of street-level bureaucrats are significant. Stemming from the application of the MFM to the Italian case in the framework of an international project, the article analyzes whether and how this method can be developed also in said countries. In particular, it shows that, in order to do so, specific methodological choices and assumptions are necessary, built on a mixed research strategy aimed at complementing the data collected from institutional sources with in-depth interviews with social workers and the use of the vignettes technique.     

CORPORATE TAX POLICY AND INDUSTRY LOCATION WITH FULLY ENDOGENOUS PRODUCTIVITY GROWTH

This paper considers how national corporate tax policy affects productivity growth through adjustments in geographic patterns of industry in a two‐country model of trade. With trade costs and imperfect knowledge spillovers between countries, production concentrates partially and innovation concentrates fully in the country with the lowest tax rate. A rise in the international corporate tax differential accelerates productivity growth through an increase in the production share of the low‐tax country that improves knowledge spillovers from industry to innovation. The paper also investigates the relationship between the corporate tax differential and the level of market entry, and analytically characterizes the effects of changes in tax policy on national welfare. (JEL F43, O30, O40, R12)     

Objective and subjective conditions for the continuity of the Peruvian extractive development model

ABSTRACT

The Peruvian economy depends for its growth on the export of its mineral resources. The core of the current economic development model is the export of the country's commodities and a free and (relatively) unregulated functioning of the markets. We argue that the continuity of the country's extractive development model is the consequence of the interplay between the objective and subjective conditions of Peruvian capitalist development. The analysis of the objective conditions is focused on the role of the country in the international division of labour, the relation between this role and the country’s economic and business structure, and the functionality of the extractive development model for the Peruvian State. In the case of the subjective conditions, the strength of the political Left, the labour movement and the social movements against mining capital are analyzed     

The greening of the booth: Environmental awareness,movements and policies in Italy

This paper presents a comprehensive, if only sketchy, case‐study of environmental awareness, movements and policies in Italy. For brevity's sake, no attempt is made to draw explicit international comparison or to use the case as a starting point for theoretical generalizations; although both are implicit. The history of Italian environmentalism is divided into five periods: pre‐history (1900–1950), early history (1950–1967), the ‘ecological spring’ (1968–1973), the seventies and the eighties. The growth of environmentalism in the seventies is analyzed at three levels: institutional, cultural, and political. Developments in the last decade are studied in several sectors: laws and institutions, business, professions and research, public opinion, movements, organizations and parties. A section is devoted to the anti‐nuclear campaign.     

A model of monopoly and “efficient” unions with endogenous union coverage: Positive and normative implications

We present a model of a rent-maximizing union that organizes to increase its coverage of an industry and analyze monopoly and “efficient” unions in this setting. Our model is unique in that we allow for a competitive industry with free entry and find union and nonunion firms coexisting with product market equilibrium. This is achieved by incorporating the insight that firms are heterogeneous in productive characteristics. An important implication of our model is that an “efficient” union that covers a nontrivial share of the market is not efficient and may in fact be less efficient than a monopoly union.