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Magazine article (E&M - 2023/2) Micacchi Lorenza, Lenzi Lavinia, Valotti Giovanni

Simplifying to Grow and Win the Race Against Time

The scenario of permitting in Italy and the regulatory interventions from the perspective of the PNRR In this regard, the snapshot of the state of the art of permitting processes elaborated by Elettricità Futura in 2021 depicted a rather concerning picture of the obstacles characterizing the authorization process, including in particular: (i) a high percentage, amounting to 46 percent, of Renewable ...

Magazine article (E&M - 2023/2) Paoli Tommaso

Growing to Preserve Italian Excellences: The Role of Investors

The value of the Italian system Italy is a country with numerous excellent products that stand out for creativity, design, innovation, and the quality of its products and services. These are recognized and admired excellences worldwide, the result of the vision of great entrepreneurs, a culture of work, the pursuit of beauty, and a continuous exploration in inventing valuable products, passed ...

Magazine article (E&M - 2023/2) Perretti Fabrizio, Simonella Zenia

Give Us This Day Our Daily Bread

Introduction "Well, just like that, off the top of my head, a metaphor comes to mind: we at Pane Quotidiano (Daily Bread) are the ones who, when the river overflows, put sandbags near the banks to prevent the river from overflowing even more."[1] These are the words of Luigi Rossi, vice president of the Pane Quotidiano Association. Anyone who has walked along Viale Toscana at 8 in the morning ...

Magazine article (E&M - 2023/2) Acerbis Fabrizio

Compliance Issues are Relevant Factors for Strategic Decision-Making

By characterizing choices around (good) governance as a strategic factor for the company, it follows that even compliance-related issues, when evaluated in terms of their impact on governance, can influence decision-making and capture the attention of top management. In fact, the need for compliance can dictate the timing, shifting the axis of priorities and accelerating internal decision-making processes. ...

Magazine article (E&M - 2023/2) Ragaini Andrea, Albonico Marzio

The Epochal Challenges of the 2020s: Financial Intermediation

To provide a comprehensive treatment, in an international context characterized by radical choices, uncertainties, transitions, and so on, would require a monumental effort, perhaps only within the reach of artificial intelligence. However, some considerations can still be drawn. It is a common opinion that the Italian entrepreneurial system has developed, more than elsewhere, around family businesses ...

Magazine article (E&M - 2023/2) Nicotra Veronica

The Challenge for Towns and Cities is to Invest in Real Projects

Reforms and resources guided by targets and milestones set a new model and framework for work, which in my opinion, is very positive. If applied carefully, they could bring about the necessary change in the spending capacity of Italy's system, in terms of both quality and quantity, for its growth. I believe this is the most significant and defining element of the National Recovery and Resilience ...

Magazine article (E&M - 2023/3) Balestra Anna, Caruso Raul

Sustainable Development: The Nudge of Benefit Corporations

The introduction of Benefit Corporations can represent a gentle push, or "nudge" in the transition process towards sustainable economic models. From this perspective, we will first analyze the concept of "nudge" made famous by Richard Thaler and then attempt to clarify the characteristics that make the introduction of the Benefit Corporation instrument a true nudge. Such an intervention represents ...

Magazine article (E&M - 2023/3) Baldi Francesco, Zattoni Alessandro

Specialized and Fast. The Secrets of the Success of Italian SPACs on the Stock Exchange

SPACs (Special Purpose Acquisition Companies) are corporate vehicles containing only cash, established by the initiative of founding members (known as sponsors) to raise financial resources through a listing on regulated stock markets (Initial Public Offering, IPO) (Conca, 2021). The capital raised through the IPO is used to select and acquire an operating company (target), not known beforehand, within ...

Magazine article (E&M - 2023/3) Diaferia Lorenzo

Here Is the Pen, ChatGPT! Generative AI Put to the Test with Text

While in recent years Artificial Intelligence (AI) has proven to be capable of attracting the enthusiasm of companies, investors, and the general public, this power has accelerated even further in recent months. The symbolic date is November 30, 2022, the day when OpenAI released ChatGPT, marking the entry of the general public into what has been called the era of "Generative AI." The impact produced ...

Magazine article (E&M - 2023/3) Fattore Giovanni

Towards Big Government. The Key Role of a Large Public Administration

The serious pandemic crisis, the desire to decisively combat climate change, and the war between Ukraine and Russia have accelerated a long-term general trend: the expansion of the role of public institutions, in terms of activities carried out and resources absorbed. For various reasons, many countries seem to be moving towards Bigger Governments! In this context, many "classical" liberals, ...