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Special: 30 Years of Economia&Management
Presentation of the commemorative issue for 30 years of Economia&Management .
Positive Effects on Performance, Both Direct and Indirect
We decided to explore the role of governance for the sustainable growth of Italian businesses in various forms, thanks to the database of our Business Observatory, which encompasses the population of medium and large enterprises under family, state, coalition, and financial control (approximately 6,150) with a turnover exceeding 50 million euros (Figure 1). Figure 1 The ownership structure of the ...
The Territorial Allocation of Resources, between Good and Bad
The evidence presented suggests that PNRR allocations generally favor the most problematic areas of the country. However, depending on the specific area of intervention, this result is not always robust. For example, while funds for the environment appear to go to areas facing greater difficulties, those for education are not allocated according to the same logic. Next Generation EU and the ...
Investments Require New Leadership in the Public Sector
This is a critical and unresolved issue for our country's system, as despite efforts to strengthen administrative capacities and provide technical assistance, it continues to hinder the spending capacity of the European funds from which we benefit. The 2014-2020 programming period, which is coming to an end, shows, as of the time of writing, a spending rate of 63 percent of the resources allocated ...
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 ...
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 ...
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 ...
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. ...
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 ...
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 ...