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Magazine article (E&M - 2020/4) Perretti Fabrizio

Business-Labor: Equal Status and Common Planning

The pandemic has highlighted the fragilities and deep inequalities that characterize the current economic system. At the same time, a process has begun that requires a profound change, the participation of workers in business decisions. Fifty years after Italy's "Workers' Statute" was passed, the time has come to define a new statute that guarantees the same rights and protections, independent of ...

Magazine article (E&M - 2020/4) Reyneri Emilio

Four Possible Destinies for Labor Unions

Since the end of the 1970s, in almost all European countries the generational shift in the world of labor has caused a drop in the levels of unionization. Many factors have contributed to this decline, related to both the market and the organization of work. Deindustrialization, polarization of professional structures, and the increase of immigrant workers risk undermining the social cohesion between ...

Magazine article (E&M - 2020/4) Berta Giuseppe

All of the Doubts and Challenges within Confindustria

The representation of business interests is more difficult today than in the past, due to processes of differentiation of the system of businesses. In a nation like Italy, though, representation has a greater presence, because economics and politics are more interwoven than elsewhere. For decades Confindustria had a role of stable representation thanks to the strong political legitimation earned after ...

Magazine article (E&M - 2020/4) Colella Francesca

How and Why Solitude is Growing among Insecure Workers

At the end of 2019, the total number of insecure workers in Italy was 3.123 million, a figure that has certainly been aggravated by the explosion of the pandemic in the early months of 2020. The general weakening of labor unions can be attributed, on the one hand, to the reduction of demand for labor in sectors where they were traditionally the strongest (services); and on the other, to the changes ...

Magazine article (E&M - 2020/4) Del Chicca Andrea, Mancini Alessandro

A New Model of Co-Responsibility

In recent months, the company committees created to combat the spread of the COVID-19 virus and to ensure business continuity have created a new model of co-responsibility between businesses and employees. This is a form of collaboration that labor unions could also adopt in the future, extending it to broader perimeters of bargaining.#A new level of participation of unions in the life of organizations ...

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 ...