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Looking Back over the Magazine’s First Thirty Years
Between 1988 and 2018 Economia & Management changed, reflecting the changing socio-economic context of Italy, its publishers, its directors. What changed was the subject matter covered, but not the importance placed on businesses and on the management of all institutions. As a “bridge journal” spanning academia and practice, connected with a business school, Economia & Management contributes to ...
Searching for European Capitalism
Contractual cooperation, family management of businesses, the entrepreneurial state and the presence of a labor movement with a leading role in political and social life; these are the four pillars of European capitalism, the common denominators of certain importance. However, after the mid-20th Century, they were overwhelmed by three waves: the Americanization resulting from the Marshall Plan, the ...
The Virtues of the Social Market Economy
At the end of the Second World War, the attempts by the United States to export its model of capitalism to Europe ran up against the economic and social structures present in the countries of the Old Continent. However, following the crisis of the 1970s and the start of the process of privatization, a deep Americanization of European capitalism began, initially led by merchant banks and consulting ...
Fighting Fraud Thanks to Algorithms
Starting with the information it has available, the Italian pension and social insurance institute INPS has developed an algorithm to identify companies whose behavior seems to indicate fraud. The entity has also observed that, through preventive actions, it is possible to reduce the propensity for fraud of companies given special attention by predictive analysis.Following an experiment, INPS found ...
Gender Pay Gap and Corporate Performance
According to the Global Gender Gap Report 2018 published by the World Economic Forum (WEF), the gender gap measured worldwide is 32%, calculated across four thematic dimensions: economic participation and opportunity, educational attainment, health and survival, and political empowerment.The same report highlights how differences in pay negatively impact corporate performance. Furthermore, the pay ...
European Diversity Without Unity
A clear distinction exists between the U.S. and Europe: while the former is a nation, the latter is a sum of many nations, even larger than the number of states of which it consists. This heterogeneity, especially at a cultural level, makes it hard to speak of a single European capitalism, with unique and similar characteristics. There are actually different types, strongly rooted in the cultural ...
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 ...
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 ...
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 ...
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 ...