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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 ...
The Long-Living, or Ageless, Consumer
Individuals over 65 not only need health and safety, but they wish to have fun, consume, appear, and travel. We need to begin to redesign what is offered to them in line with the needs and tastes of this demographic category, for which less than 15 percent of companies have developed ad hoc business strategies. Moreover, the immediate future will increasingly see the emergence of a potential "permanent ...
All the Opportunities of the MENA Area
The MENA area has factors of attractiveness that make it desirable as a new "promised land for business" for Italian companies. The MENA area has points of strength that appear specular to the weaknesses of Italy.#Thanks to its geographic positioning, our country represents a natural logistics platform in the Mediterranean. Only through important investments aimed at developing our intermodal network ...