Pub Date : 2024-06-01DOI: 10.3280/cgrds2-2024oa16962
Daniele Canini, Rita Mura, Francesca Vicentini
This article aims to understand the importance of having a stadium owned by a football club as an added value if it is designed and managed from a socially responsible perspective in a context, that of Italian sport, which is still far from European standards in terms of infrastructure. The approach adopted focuses on the AlbinoLeffe Campus, serving as an example of how the ownership of a sports facility can shape and reflect socially responsible policies and practices adopted by a football club. The study examines the distinctive characteristics of the stadium considering the logistical, infrastructural, and environmental aspects underpinning its construction to act as a strategic lever to implement Corporate Social Responsibility (CSR) initiatives, a prerogative of club ownership. Some important managerial implications emerge from the analysis: 1) the need for a sustainable management approach for the stadium considering logistical, infrastructural, and environmental aspects; 2) the implementation of CSR strategies aligned with the company and the stadium's characteristics.
{"title":"When stadium ownership meets Corporate Social Responsibility: The case of U. C. AlbinoLeffe","authors":"Daniele Canini, Rita Mura, Francesca Vicentini","doi":"10.3280/cgrds2-2024oa16962","DOIUrl":"https://doi.org/10.3280/cgrds2-2024oa16962","url":null,"abstract":"This article aims to understand the importance of having a stadium owned by a football club as an added value if it is designed and managed from a socially responsible perspective in a context, that of Italian sport, which is still far from European standards in terms of infrastructure. The approach adopted focuses on the AlbinoLeffe Campus, serving as an example of how the ownership of a sports facility can shape and reflect socially responsible policies and practices adopted by a football club. The study examines the distinctive characteristics of the stadium considering the logistical, infrastructural, and environmental aspects underpinning its construction to act as a strategic lever to implement Corporate Social Responsibility (CSR) initiatives, a prerogative of club ownership. Some important managerial implications emerge from the analysis: 1) the need for a sustainable management approach for the stadium considering logistical, infrastructural, and environmental aspects; 2) the implementation of CSR strategies aligned with the company and the stadium's characteristics.","PeriodicalId":379511,"journal":{"name":"CORPORATE GOVERNANCE AND RESEARCH & DEVELOPMENT STUDIES","volume":"9 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141412570","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-01DOI: 10.3280/cgrds2-2023oa16413
Filomeno Rocco Fimmanò
The author talks about the evolution of the football system from the perspectives of the markets, sport, and its centrality in a state's economy and internationally. The paper analyzes its exponential growth, which makes a financial change and improvement to respond to important competition costs and, in general, economic operations increase with the realization of a global regulatory harmonization. In fact, there is the implementation of a rules system that want to strengthen the transparency in these operations. Also, the author finds to examine the new regulation effective from 2023 and related sanctions. Another thematic here are multi-club ownerships (MCO), which are always more central and frequent; as the "sui generis" role of the sports agent and the development of the illegal practice of third-party ownership.
{"title":"Towards a global regulation of the football industry","authors":"Filomeno Rocco Fimmanò","doi":"10.3280/cgrds2-2023oa16413","DOIUrl":"https://doi.org/10.3280/cgrds2-2023oa16413","url":null,"abstract":"The author talks about the evolution of the football system from the perspectives of the markets, sport, and its centrality in a state's economy and internationally. The paper analyzes its exponential growth, which makes a financial change and improvement to respond to important competition costs and, in general, economic operations increase with the realization of a global regulatory harmonization. In fact, there is the implementation of a rules system that want to strengthen the transparency in these operations. Also, the author finds to examine the new regulation effective from 2023 and related sanctions. Another thematic here are multi-club ownerships (MCO), which are always more central and frequent; as the \"sui generis\" role of the sports agent and the development of the illegal practice of third-party ownership.","PeriodicalId":379511,"journal":{"name":"CORPORATE GOVERNANCE AND RESEARCH & DEVELOPMENT STUDIES","volume":"408 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140468234","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-01DOI: 10.3280/cgrds2-2023oa16978
Francesco Laviola, Fernando Camastra, Annabella Conturso, Roberto de Renzi
This study delves into the dynamic world Football Club Valuations, an area rich in economic and cultural significance. It addresses the complex issue of which factors most profoundly influence the enterprise value of a football club. Central to the hypothesis is the notion that a club's infrastructural investments, player salaries, and on-field successes are determining factors in its financial value. To test this, and the other hypotheses of the study, the research employs a rigorous quantitative approach, utilizing multiple linear regression analysis, to investigate the factors influencing the enterprise value of European football clubs. Examining data from 28 prominent clubs between 2018 and 2023, our research focuses on infrastructural investments, player salaries, team value, and on-field performance. The results of this study are revealing, demonstrating a clear correlation between the hypothesized factors and club valuations, with infrastructural investments and player salaries emerging as key determinants of club valuation. The integration of a polynomial transformation for team value captures its complex, non-linear relationship with enterprise value. The model provides nuanced insights for football club stakeholders and managements. What distinguishes this work is its pioneering integration of financial acumen with a deep understanding of the unique cultural and economic landscape of football and reveals, how the dynamics of investment in infrastructure and player salaries, along with success in international competitions, significantly and complexly influence the corporate value in the football sector, offering a new framework for analyzing enterprise value in football.
{"title":"A valuation of football companies between tangible and intangible values: A preliminary study","authors":"Francesco Laviola, Fernando Camastra, Annabella Conturso, Roberto de Renzi","doi":"10.3280/cgrds2-2023oa16978","DOIUrl":"https://doi.org/10.3280/cgrds2-2023oa16978","url":null,"abstract":"This study delves into the dynamic world Football Club Valuations, an area rich in economic and cultural significance. It addresses the complex issue of which factors most profoundly influence the enterprise value of a football club. Central to the hypothesis is the notion that a club's infrastructural investments, player salaries, and on-field successes are determining factors in its financial value. To test this, and the other hypotheses of the study, the research employs a rigorous quantitative approach, utilizing multiple linear regression analysis, to investigate the factors influencing the enterprise value of European football clubs. Examining data from 28 prominent clubs between 2018 and 2023, our research focuses on infrastructural investments, player salaries, team value, and on-field performance. The results of this study are revealing, demonstrating a clear correlation between the hypothesized factors and club valuations, with infrastructural investments and player salaries emerging as key determinants of club valuation. The integration of a polynomial transformation for team value captures its complex, non-linear relationship with enterprise value. The model provides nuanced insights for football club stakeholders and managements. What distinguishes this work is its pioneering integration of financial acumen with a deep understanding of the unique cultural and economic landscape of football and reveals, how the dynamics of investment in infrastructure and player salaries, along with success in international competitions, significantly and complexly influence the corporate value in the football sector, offering a new framework for analyzing enterprise value in football.","PeriodicalId":379511,"journal":{"name":"CORPORATE GOVERNANCE AND RESEARCH & DEVELOPMENT STUDIES","volume":"94 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140469283","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-01DOI: 10.3280/cgrds2-2023oa16952
Antonio Renzi, Pietro Taragoni
The transformation of the professional football industry into a multi-billion-dollar industry has attracted increasing attention from regulators, investors and academics in recent years. Such interest has also been reflected in the exponential growth of economic-managerial scientific production on the subject. However, there is still no comprehensive overview of the literature. The objective of this paper is to achieve a systematisation of the scientific research conducted in the period between 1977 and 2023, identifying the current state of production, emerging research areas, and future research trajectories in the risk management perspective of football clubs. To this end, a bibliometric and systematic review were developed on 1.081 and 18 papers published during this period, respectively. Statistical processes useful for developing the analysis were conducted using Bibliometrix on data retrieved from the Scopus database. The results revealed the need to further investigate the declination of endogenous and exogenous determinants of risk drivers and their relationship with volatility of sports performance for professional football clubs.
{"title":"The football industry. A literature review and future research avenues in the risk management perspective","authors":"Antonio Renzi, Pietro Taragoni","doi":"10.3280/cgrds2-2023oa16952","DOIUrl":"https://doi.org/10.3280/cgrds2-2023oa16952","url":null,"abstract":"The transformation of the professional football industry into a multi-billion-dollar industry has attracted increasing attention from regulators, investors and academics in recent years. Such interest has also been reflected in the exponential growth of economic-managerial scientific production on the subject. However, there is still no comprehensive overview of the literature. The objective of this paper is to achieve a systematisation of the scientific research conducted in the period between 1977 and 2023, identifying the current state of production, emerging research areas, and future research trajectories in the risk management perspective of football clubs. To this end, a bibliometric and systematic review were developed on 1.081 and 18 papers published during this period, respectively. Statistical processes useful for developing the analysis were conducted using Bibliometrix on data retrieved from the Scopus database. The results revealed the need to further investigate the declination of endogenous and exogenous determinants of risk drivers and their relationship with volatility of sports performance for professional football clubs.","PeriodicalId":379511,"journal":{"name":"CORPORATE GOVERNANCE AND RESEARCH & DEVELOPMENT STUDIES","volume":"130 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140465316","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-01DOI: 10.3280/cgrds2-2023oa15942
Cristina Simone, Sara Diana, Silvia Scardini, M. E. Conti
This paper aims to analyse European climate policy's state of the art concerning the urgent need to decarbonize society and the economy and meet pressing climate demands. Decarbonization refers to the progressive reduction of the carbon-to-hydrogen ratio within energy sources. The primary objective consists of a gradual transition to sustainable economic less polluting development models. The Paris Agreement (2015) highlighted the need to take concrete and timely action to prevent the planet's already precarious balance from definitively collapsing. This paper analyses the main strategies that the European Union has conducted to take an active part in the decarbonization project by critically highlighting the challenges and opportunities that await us in the future.
{"title":"European climate policy for decarbonization: State of the art","authors":"Cristina Simone, Sara Diana, Silvia Scardini, M. E. Conti","doi":"10.3280/cgrds2-2023oa15942","DOIUrl":"https://doi.org/10.3280/cgrds2-2023oa15942","url":null,"abstract":"This paper aims to analyse European climate policy's state of the art concerning the urgent need to decarbonize society and the economy and meet pressing climate demands. Decarbonization refers to the progressive reduction of the carbon-to-hydrogen ratio within energy sources. The primary objective consists of a gradual transition to sustainable economic less polluting development models. The Paris Agreement (2015) highlighted the need to take concrete and timely action to prevent the planet's already precarious balance from definitively collapsing. This paper analyses the main strategies that the European Union has conducted to take an active part in the decarbonization project by critically highlighting the challenges and opportunities that await us in the future.","PeriodicalId":379511,"journal":{"name":"CORPORATE GOVERNANCE AND RESEARCH & DEVELOPMENT STUDIES","volume":"43 28","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140464677","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-01DOI: 10.3280/cgrds2-2023oa15802
Huma Sikandar, Nohman Khan, Muhammad Imran Qureshi, Sabeen Bhatti
Many manufacturing organizations have adapted their governance systems, strategies, business models, and strategic processes in the "New Normal" and technologies like Blockchains have irreversibly transformed how people live and work. Despite extensive scholarly research, analysing emerging trends in Blockchain research remains critical. Unfortunately, the use of bibliometric analysis to study Blockchain has been limited, with little understanding of how its various research areas are progressing. Bibliometric analysis, a useful method for examining the development of research, has not been widely used in the context of blockchain. The progression of its numerous research areas is also yet unknown. This study seeks to fill these gaps by employing bibliometric analysis to assess scientific progress and research focus on Blockchains in manufacturing. We used Vos Viewer to conduct this bibliometric analysis to evaluate 265 papers published from 2017 to 2022 using co-authorship and co-occurrence of keywords analysis. We have identified the most productive authors, institutions, countries, and top research fields, highlighting the essential advancements in the Blockchain field. The findings demonstrate how keywords related to Blockchain have changed over time and describe the research hotspots. The originality of this research lies in its application of bibliometric analysis to examine the development and emerging trends in Blockchain research within the manufacturing domain while offering novel insights into the productivity of authors, institutions, and countries, as well as identifying research hotspots and future research directions. This study contributes to the inadequate body of literature on bibliometric analysis in Blockchain research and provides useful guidance for researchers and practitioners in the field.
{"title":"The development of blockchain technology in manufacturing: A bibliometric analysis","authors":"Huma Sikandar, Nohman Khan, Muhammad Imran Qureshi, Sabeen Bhatti","doi":"10.3280/cgrds2-2023oa15802","DOIUrl":"https://doi.org/10.3280/cgrds2-2023oa15802","url":null,"abstract":"Many manufacturing organizations have adapted their governance systems, strategies, business models, and strategic processes in the \"New Normal\" and technologies like Blockchains have irreversibly transformed how people live and work. Despite extensive scholarly research, analysing emerging trends in Blockchain research remains critical. Unfortunately, the use of bibliometric analysis to study Blockchain has been limited, with little understanding of how its various research areas are progressing. Bibliometric analysis, a useful method for examining the development of research, has not been widely used in the context of blockchain. The progression of its numerous research areas is also yet unknown. This study seeks to fill these gaps by employing bibliometric analysis to assess scientific progress and research focus on Blockchains in manufacturing. We used Vos Viewer to conduct this bibliometric analysis to evaluate 265 papers published from 2017 to 2022 using co-authorship and co-occurrence of keywords analysis. We have identified the most productive authors, institutions, countries, and top research fields, highlighting the essential advancements in the Blockchain field. The findings demonstrate how keywords related to Blockchain have changed over time and describe the research hotspots. The originality of this research lies in its application of bibliometric analysis to examine the development and emerging trends in Blockchain research within the manufacturing domain while offering novel insights into the productivity of authors, institutions, and countries, as well as identifying research hotspots and future research directions. This study contributes to the inadequate body of literature on bibliometric analysis in Blockchain research and provides useful guidance for researchers and practitioners in the field.","PeriodicalId":379511,"journal":{"name":"CORPORATE GOVERNANCE AND RESEARCH & DEVELOPMENT STUDIES","volume":"44 14","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139965827","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-01DOI: 10.3280/cgrds2-2023oa15789
Marco Savastano, I. Gorelova, Francesco Bellini, Fabrizio D'Ascenzo
Developing a strong and vibrant economic base is one of the European Union priorities for 2019-2024. According to European policymakers, research and innovation activities have a direct impact on the level of prosperity and well-being of European society. EU regional policy is among other issues concentrated on the support of the development of SMEs and strengthening regional research and innovation activities. EU Smart specialisation strategy (S3) prioritizes research and innovation investment as a tool for the development of the European regions. Italy is an industrial country; its manufacturing companies represent the engine of economic growth and development, with their ability to produce wealth and job opportunities. Starting from the structure of the Italian economy characterized by widespread entrepreneurship, creating a favorable environment for businesses therefore responds to a specific public interest. For this reason, industrial policy is back at the core of the government's agenda. Knowing how to take up this challenge, however, not only concerns the government, but mainly entrepreneurs, to whom the new development and digitalization plans are providing agile and flexible tools to grow, innovate and acquire competitiveness. The development of collaborations between research and development institutions and SMEs is one of the measures to achieve these goals. By concentrating on the representative Lazio Region case, this study seeks to understand the contribution of the joint work of these platforms to the regional development and local entrepreneurial competitiveness through an in-depth analysis of strengths, weaknesses, threats and opportunities of the ongoing smart specialization and digital transformation strategies.
{"title":"Exploring the role of research and innovation institutions in regional digital development: The experience of Lazio Region","authors":"Marco Savastano, I. Gorelova, Francesco Bellini, Fabrizio D'Ascenzo","doi":"10.3280/cgrds2-2023oa15789","DOIUrl":"https://doi.org/10.3280/cgrds2-2023oa15789","url":null,"abstract":"Developing a strong and vibrant economic base is one of the European Union priorities for 2019-2024. According to European policymakers, research and innovation activities have a direct impact on the level of prosperity and well-being of European society. EU regional policy is among other issues concentrated on the support of the development of SMEs and strengthening regional research and innovation activities. EU Smart specialisation strategy (S3) prioritizes research and innovation investment as a tool for the development of the European regions. Italy is an industrial country; its manufacturing companies represent the engine of economic growth and development, with their ability to produce wealth and job opportunities. Starting from the structure of the Italian economy characterized by widespread entrepreneurship, creating a favorable environment for businesses therefore responds to a specific public interest. For this reason, industrial policy is back at the core of the government's agenda. Knowing how to take up this challenge, however, not only concerns the government, but mainly entrepreneurs, to whom the new development and digitalization plans are providing agile and flexible tools to grow, innovate and acquire competitiveness. The development of collaborations between research and development institutions and SMEs is one of the measures to achieve these goals. By concentrating on the representative Lazio Region case, this study seeks to understand the contribution of the joint work of these platforms to the regional development and local entrepreneurial competitiveness through an in-depth analysis of strengths, weaknesses, threats and opportunities of the ongoing smart specialization and digital transformation strategies.","PeriodicalId":379511,"journal":{"name":"CORPORATE GOVERNANCE AND RESEARCH & DEVELOPMENT STUDIES","volume":"305 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140467970","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.3280/cgrds2-2022oa13773
M. Cerquetti, M. Montella, Domenico Sardanelli
The heritage marketing strategy often calls for the employment of a corporate museum to represent the firm's history in the eyes of internal and external observers. However, to date there has been no attempt to identify the distinctive values underlying the use of corporate museums by family firms - as opposed to non-family firms - for nurturing customers' understanding and appreciation of the company and its products. This paper aims to address this gap and investigate the identity values that drive the establishment of corporate museums by family firms and non-family firms. Using a comparative case-study (CCS) approach, the paper examines the values underlying two examples of corporate museums promoted by two different firms, one with a high level and one with a low level of family control. The study reveals differing distinctive values between family and non-family corporate museums.
{"title":"Corporate museums as heritage vehicles: A comparative analysis between family and non-family businesses","authors":"M. Cerquetti, M. Montella, Domenico Sardanelli","doi":"10.3280/cgrds2-2022oa13773","DOIUrl":"https://doi.org/10.3280/cgrds2-2022oa13773","url":null,"abstract":"The heritage marketing strategy often calls for the employment of a corporate museum to represent the firm's history in the eyes of internal and external observers. However, to date there has been no attempt to identify the distinctive values underlying the use of corporate museums by family firms - as opposed to non-family firms - for nurturing customers' understanding and appreciation of the company and its products. This paper aims to address this gap and investigate the identity values that drive the establishment of corporate museums by family firms and non-family firms. Using a comparative case-study (CCS) approach, the paper examines the values underlying two examples of corporate museums promoted by two different firms, one with a high level and one with a low level of family control. The study reveals differing distinctive values between family and non-family corporate museums.","PeriodicalId":379511,"journal":{"name":"CORPORATE GOVERNANCE AND RESEARCH & DEVELOPMENT STUDIES","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125852796","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.3280/cgrds2-2022oa15105
S. Barile, Antonio La Sala, Rosario Bianco
The aim of this study is to propose a new approach to decision making based on information variety endowment and configuration. The research adopts an exploratory methodology and a qualitative approach, deepening and analyzing both academic and non-academic studies. The study found the existence of general characteristics in the dynamics of human behavior and in that of social phenomena, characters that lead to specific paths of decision and action based on information variety endowment of decision makers. The developed conceptualization needs verification through appropriate tools and tested in empirical settings. The study can support the decision-making process of individuals, organizations, and whole societies - understood as viable systems - in the current dynamic and unpredictable context. This is the first work to propose an absential approach for the framing of managerial problems, recognizing that current methodologies are not capable of effectively responding to uncertainty and unpredictability of the melted result of economic, political, and social environments interaction. Eventually, this is the first work to engage in a mathematical demonstration of decision-making essentiality.
{"title":"Management between crises and emergencies. Toward an \"absential\" approach","authors":"S. Barile, Antonio La Sala, Rosario Bianco","doi":"10.3280/cgrds2-2022oa15105","DOIUrl":"https://doi.org/10.3280/cgrds2-2022oa15105","url":null,"abstract":"The aim of this study is to propose a new approach to decision making based on information variety endowment and configuration. The research adopts an exploratory methodology and a qualitative approach, deepening and analyzing both academic and non-academic studies. The study found the existence of general characteristics in the dynamics of human behavior and in that of social phenomena, characters that lead to specific paths of decision and action based on information variety endowment of decision makers. The developed conceptualization needs verification through appropriate tools and tested in empirical settings. The study can support the decision-making process of individuals, organizations, and whole societies - understood as viable systems - in the current dynamic and unpredictable context. This is the first work to propose an absential approach for the framing of managerial problems, recognizing that current methodologies are not capable of effectively responding to uncertainty and unpredictability of the melted result of economic, political, and social environments interaction. Eventually, this is the first work to engage in a mathematical demonstration of decision-making essentiality.","PeriodicalId":379511,"journal":{"name":"CORPORATE GOVERNANCE AND RESEARCH & DEVELOPMENT STUDIES","volume":"61 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115274695","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.3280/cgrds2-2022oa14329
Stefano de Nichilo
Accounting information has a strong political meaning, and cases of accounting failure demonstrate that the regulation and standard are far from saving accountants from making mistake and auditors from failing to recognize the errors. European financial report SoA (Statement of Assurance) offer guidelines for the proper depiction of an entity, but, in the settlement of the accounting practice, there is still plenty of room for the personal professional opinions of the prepares. So this paper use after a quantitative (descriptive and mathematical approach) a qualitative research: "Argea Case", to discuss a modification of organization settings of an Italian paying agencies, it's reflexes in efficiency and effectiveness of public spending. As a result, a high risk of losing accounting credibility affects all the participants in the preparation, reviewer and approval of the accounting data that are published and then restated; above all, it reduces the credibility of the paying agency releasing the official financial report affected by mistakes. All these aspects describe the audit implosion in European affairs and how future payments from EU policy are conditioned by the inability to formalize agreements and contracts between auditors, consultants and the government of paying agency; fueling uncertainty, risks and unpredictability events about the quality of EU public spending.
{"title":"Audit Implosion in European Affairs: How to Govern the Dimension and Development of the European Paying Agencies? The Argea Case: A Qualitative Research of Audit Loops and Restatement","authors":"Stefano de Nichilo","doi":"10.3280/cgrds2-2022oa14329","DOIUrl":"https://doi.org/10.3280/cgrds2-2022oa14329","url":null,"abstract":"Accounting information has a strong political meaning, and cases of accounting failure demonstrate that the regulation and standard are far from saving accountants from making mistake and auditors from failing to recognize the errors. European financial report SoA (Statement of Assurance) offer guidelines for the proper depiction of an entity, but, in the settlement of the accounting practice, there is still plenty of room for the personal professional opinions of the prepares. So this paper use after a quantitative (descriptive and mathematical approach) a qualitative research: \"Argea Case\", to discuss a modification of organization settings of an Italian paying agencies, it's reflexes in efficiency and effectiveness of public spending. As a result, a high risk of losing accounting credibility affects all the participants in the preparation, reviewer and approval of the accounting data that are published and then restated; above all, it reduces the credibility of the paying agency releasing the official financial report affected by mistakes. All these aspects describe the audit implosion in European affairs and how future payments from EU policy are conditioned by the inability to formalize agreements and contracts between auditors, consultants and the government of paying agency; fueling uncertainty, risks and unpredictability events about the quality of EU public spending.","PeriodicalId":379511,"journal":{"name":"CORPORATE GOVERNANCE AND RESEARCH & DEVELOPMENT STUDIES","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125912163","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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