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Magazine article (E&M - 2021/2) Amatori Franco

Nationalizations and Privatizations from a Historical Perspective

In Italy, the mixture between public and private has been an unavoidable characteristic in the nation's path of economic modernization. Between the nineteenth and twentieth centuries, state initiative gave concrete form to the unification of the country, providing indispensible infrastructure. The companies in the IRI group were then the protagonists of the "economic miracle," in which the attitude ...

Magazine article (E&M - 2021/2) Conti Cesare

The Management of Financial Risks in Private Equity Funds

The management of financial risks in private equity (PE) funds aims to protect the internal rate of return (IRR) expected from investment in PCs due to unexpected variations in interest rates and exchange rates. The protection of the IRR requires a coordinated intervention on EBITDA, the EV/EBITDA multiple, and NFP.#The concrete possibility of planning and implementing financial risk management depends ...

Magazine article (E&M - 2021/2) Caselli Stefano

Banks and Markets: Why They are Tools of Economic Policy

Markets and financial investments play a decisive role in favoring growth, that economic policy choices must permanently encourage. First of all, it is necessary to promote the use of the financial market and investor interventions (private equity, venture capital, PIR, ELTIF) in support of business equity.#Any public interventions in the economy must always have an explicit timeframe and a logic ...

Magazine article (E&M - 2021/2) Pedronetto Paolo

The Benefits of Algorithms in Business Organization

Organizations must increasingly invest in tools and projects that allow for constructing algorithms necessary for the effective management of HR processes. Data is available through a great variety of sources: if combined and analyzed, it can create a rich and more detailed understanding of what employees want and how they can act to improve their performance. The human resources department is an ...

Magazine article (E&M - 2021/2) Artoni Roberto

The Bumpy Road of the Exit from the Mixed Economy

The divestment of the companies held by IRI did not require any additional intervention in terms of public finance, demonstrating their evident condition of good health. The privatizations were also driven by an essentially financial logic: the state sought high and immediate financial proceeds, but often without an in-depth evaluation of the quality of the buyers or the consequences of the divestments ...

Magazine article (E&M - 2021/2) Molteni Luca, Poli Maurizio

Data Scientists: Who They Are, What They Do, and How They Do It

An analysis of the data collected by the Kaggle platform for data science has shown that the figure of the data scientist is present uniformly in India, the rest of Asia, Europe, and North America, principally in the 25 to 34 age bracket; Python is the language largely preferred by data scientists; and the introduction into companies of models based on machine learning techniques is still very limited, ...

Magazine article (E&M - 2021/2) Omarini Anna

Challenges and Solutions for the Banking Sector

The application of artificial intelligence solutions in the banking sector will have various consequences in terms of: creation of new economies and professions; increase of worker productivity; creation of new modes of working; and requalification of old abilities and skills of employees. The public and private stakeholders in the banking sector (including the European Commission) increasingly express ...

Magazine article (E&M - 2021/2) Ciani Oriana

Skills, Ethics, and Safety in the Service of Health

More than in other sectors, artificial intelligence and machine learning in a clinical setting raise ethical and safety questions. It is thus necessary for healthcare organizations to invest in human resources so that doctors and healthcare professionals are competent in the use of software programs, as they are in prescribing drugs. Moreover, to guarantee safety and reliability, all artificial intelligence ...

Magazine article (E&M - 2021/2) Manzoni Beatrice, Caporarello Leonardo

Training in Companies is Increasingly Attractive

A survey conducted by SDA Bocconi sheds light on the commitment and efforts made by companies to support learning, from the perspective of employees .

Magazine article (E&M - 2020/2) Sorrentino Carlo

The Origins of the Print Media Crisis

There is an observation - from a few years ago - that is as ironic as it is dramatic, made by a famous journalism studies researcher, that goes more or less like this: to speak of a crisis for print media is an optimistic understatement of reality. In the Italian case, an additional qualification must be made: the print media sector has never had a particularly leading role. The historical causes ...