Search

Magazine article (E&M - 2020/1) Beltratti Andrea, Bezzecchi Alessia, Caselli Stefano, Linguanti Valeria

The Impact in Italy of International M&A

International acquisitions create value, and Italian companies that are able to, should systematically explore this path, in particular in international markets. To carry out international acquisitions it is necessary to pay attention to elements such as diversity in business culture, business organization, degrees of competition in various markets, and also cost and factor productivity.By acquiring ...

Magazine article (E&M - 2020/1) Giavazzi Francesco

The Return of the State? It Depends

The financial crisis of 2008-2009 did not lead to a return of the state in the economy, but to a liquidity crisis. In Europe, this was less acute than in the United States, where for example the Troubled Assets Relief Program (TARP) avoided bankruptcies, but did not solve the underlying problems, such as those of the three large automotive companies (General Motors, Chrysler, and Ford), which suffered ...

Magazine article (E&M - 2021/2) Diaferia Lorenzo, Salviotti Gianluca

What’s Behind Artificial Intelligence?

According to various estimates, during the course of the next 10 years, the impact of artificial intelligence (AI) on global GDP will reach 15.7 trillion dollars. Although many of these evaluations are symptomatic of a sector subject to fads, the importance of AI has led the United States, China, and the European Union to draw up internal plans for development in this field.#Companies interested in ...

Magazine article (E&M - 2021/2) Borgonovo Emanuele, Molteni Luca

Advanced Analytics for Managerial Decision

The data-driven economy has emerged in recent years. The digital revolution, the increase of connectivity, and the instant spread of information are revolutionizing the way we operate and work, at the individual, company, and institutional level. There is increasing recognition of the importance of data. The period of emergency we are living through is also pushing us to use quantitative information ...

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

The Reason of Optimism in Italy

To translate the potential advantage over foreign competitors into a reality, Italian businesses need to make an organizational change and strengthen their abilities in the sector of artificial intelligence; while important players for the economy such as institutions and business representatives must increase their efforts to provide all of the support necessary for the required technological upgrade. ...

Magazine article (E&M - 2021/2) Cillo Paola, Rubera Gaia

How to Create Value with the Data Economy

The true advantage of big data does not lie so much in the quantity of data recorded by a software or application, but in its ability to provide extremely detailed information on an individual. This distinctive element is the basis of the data-driven economy in which we are immersed. Big data is the fuel of the economy and scientific development, which is why it is necessary to guarantee access to ...

Magazine article (E&M - 2020/1) Coda Vittorio

We Are the Business

The imperative of every good entrepreneur, administrator, and manager is to give adequate space to reflection on what, how, and why to do business, concentrating on the construction of a “strong” market position and on the creation of an organizational context and environment able to generate cohesiveness, motivation, and energy.Moreover, for the economic and cultural development of Italy, it ...

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 ...