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Article
Publication date: 11 December 2019

Guido Migliaccio and Luigi Tucci

This study aims to investigate, by means of a balance sheet analysis, the equilibrium and capital, financial, economic and income dynamics of Italian wine producers, during and…

Abstract

Purpose

This study aims to investigate, by means of a balance sheet analysis, the equilibrium and capital, financial, economic and income dynamics of Italian wine producers, during and after the international economic crisis (2008-2017). Therefore, three research questions arise: What was the evolution of the main financial indicators and margins? Did the companies that survived the crisis increased their profitability? Have these companies changed their financial and economic balance sheets?

Design/methodology/approach

It was analyzed the balance sheets of a medium–large companies sample. The study describes the evolution of three income indices (return on equity compared to the average interest rate on government bonds, return on investment compared to the average rate on loans, return on sales), three asset margins (structural margin, net working capital and treasury margin) and four financial ratios (acid ratio, current ratio, leverage and index of financial dependence). The results were graphically represented, also with the use of interpolation curves.

Findings

After the crisis, the sector shows increasing profitability. However, from the balance sheet analysis and the trend of the financial indices, there is a strong imbalance and excessive levels of stocks. Furthermore, the debt situation is excessive: the predominant presence of third-party financing would require enormous recapitalizations and probably an increase in self-financing, which is possible thanks to the constantly growing profitability.

Research limitations/implications

The study takes into consideration only the companies that survived the crisis, therefore, presumably the stronger ones. Moreover, more ratios should be considered to have a more complete picture. It is a uniquely quantitative study based exclusively on the balance sheets data that neglect other important economic factors.

Practical implications

Public policies could use this study for better intervention decisions in support of agricultural and agro-industrial activities. Credit policy above all should consider the results of this research, requesting urgent consideration of possible capitalization warranting the access to regulated financial markets. Besides, internal management may compare company outcomes with average sector outcomes to identify improvement prospects. These kinds of studies are advisable for education and training.

Social implications

The careful economic and financial analysis of the sector favors the relaunching strategies of the Italian wineries in which many employees work. Supporting companies favors employment, constant incomes for workers’ families along the entire supply chain, from the production of grapes to consumption. A solid sector guarantees development and social and economic well-being.

Originality/value

The study contributes to the literature by providing a quantitative method of analysis of the sector, through the comparative information taken from the balance sheets. Therefore, it expands managerial and accounting knowledge on an important sector for the Italian and world economy.

Details

International Journal of Wine Business Research, vol. 32 no. 3
Type: Research Article
ISSN: 1751-1062

Keywords

Open Access
Article
Publication date: 27 July 2022

Sami Barmada, Alessandro Formisano, Dimitri Thomopulos and Mauro Tucci

This study aims to investigate the possible use of a deep neural network (DNN) as an inverse solver.

Abstract

Purpose

This study aims to investigate the possible use of a deep neural network (DNN) as an inverse solver.

Design/methodology/approach

Different models based on DNNs are designed and proposed for the resolution of inverse electromagnetic problems either as fast solvers for the direct problem or as straightforward inverse problem solvers, with reference to the TEAM 25 benchmark problem for the sake of exemplification.

Findings

Using DNNs as straightforward inverse problem solvers has relevant advantages in terms of promptness but requires a careful treatment of the underlying problem ill-posedness.

Originality/value

This work is one of the first attempts to exploit DNNs for inverse problem resolution in low-frequency electromagnetism. Results on the TEAM 25 test problem show the potential effectiveness of the approach but also highlight the need for a careful choice of the training data set.

Details

COMPEL - The international journal for computation and mathematics in electrical and electronic engineering , vol. 41 no. 6
Type: Research Article
ISSN: 0332-1649

Keywords

Article
Publication date: 3 December 2018

Massimo Viscardi, Maurizio Arena, Liberata Guadagno, Luigi Vertuccio and Giuseppina Barra

The purpose of this paper is to evaluate the applicative potentiality of functional/self-responsive materials in aeronautics. In particular, the study aims to experimentally…

Abstract

Purpose

The purpose of this paper is to evaluate the applicative potentiality of functional/self-responsive materials in aeronautics. In particular, the study aims to experimentally validate the enhancement of structural performances of carbon fibers samples in the presence of nanofillers, as multi-walled carbon nanontubes or microcapsules for the self-healing functionality.

Design/methodology/approach

The paper opted for a mechanical study. Experimental static and dynamic tests on “blank” and modified formulations were performed in order to estimate both strength and damping parameters. A cantilever beam test set-up has been proposed. As a parallel activity, a numerical FE approach has been introduced to assess the correct modeling of the system.

Findings

The paper provides practical and empirical insights about how self-responsive materials react to mechanical solicitations. It suggests that reinforcing a sample positively affects the samples properties since they, de facto, improve the global structural performance. This work highlights that the addition of carbon nanotubes strongly improves the mechanical properties with a simultaneous slight enhancement in the damping performance. Damping properties are, instead, strongly enhanced by the addition of self-healing components. A balanced combination of both fillers could be adopted to increase electrical conductivity and to improve global performance in damping and auto-repairing properties.

Practical implications

The paper includes implications for the use of lightweight composite materials in aeronautics.

Originality/value

This paper fulfills an identified need to study new lightweight self-responsive smart materials for aeronautical structural application.

Details

International Journal of Structural Integrity, vol. 9 no. 6
Type: Research Article
ISSN: 1757-9864

Keywords

Article
Publication date: 3 December 2018

Elisa Calabrese, Pasquale Longo, Carlo Naddeo, Annaluisa Mariconda, Luigi Vertuccio, Marialuigia Raimondo and Liberata Guadagno

The purpose of this paper is to highlight the relevant role of the stereochemistry of two Ruthenium catalysts on the self-healing efficiency of aeronautical resins.

Abstract

Purpose

The purpose of this paper is to highlight the relevant role of the stereochemistry of two Ruthenium catalysts on the self-healing efficiency of aeronautical resins.

Design/methodology/approach

Here, a very detailed evaluation on the stereochemistry of two new ruthenium catalysts evidences the crucial role of the spatial orientation of phenyl groups in the N-heterocyclic carbene ligands in determining the temperature range within the curing cycles is feasible without deactivating the self-healing mechanisms (ring-opening metathesis polymerization reactions) inside the thermosetting resin. The exceptional activity and thermal stability of the HG2MesPhSyn catalyst, with the syn orientation of phenyl groups, highlight the relevant potentiality and the future perspectives of this complex for the activation of the self-healing function in aeronautical resins.

Findings

The HG2MesPhSyn complex, with the syn orientation of the phenyl groups, is able to activate metathesis reactions within the highly reactive environment of the epoxy thermosetting resins, cured up to 180°C, while the other stereoisomer, with the anti-orientation of the phenyl groups, does not preserve its catalytic activity in these conditions.

Originality/value

In this paper, a comparison between the self-healing functionality of two catalytic systems has been performed, using metathesis tests and FTIR spectroscopy. In the field of the design of catalytic systems for self-healing structural materials, a very relevant result has been found: a slight difference in the molecular stereochemistry plays a key role in the development of self-healing materials for aeronautical and aerospace applications.

Details

International Journal of Structural Integrity, vol. 9 no. 6
Type: Research Article
ISSN: 1757-9864

Keywords

Article
Publication date: 28 August 2020

Bisan Abdulkader, Domitilla Magni, Valentina Cillo, Armando Papa and Roberto Micera

Business process management (BPM) supports the creation and capture of firm value. In a dynamic context, the current approach to BPM appears to be limited and static in the face…

2860

Abstract

Purpose

Business process management (BPM) supports the creation and capture of firm value. In a dynamic context, the current approach to BPM appears to be limited and static in the face of the challenges posed by the firm's open innovation (OI) ecosystem. The main purpose of this paper is to shed light on the value co-creation through the integration of OI principles and mechanisms of value system.

Design/methodology/approach

To this aim, the paper suggested a conceptual integration of strategy and operations literature on OI and the firm's value creation system. This analysis adopted BPM lenses with specific attention to the alignment between value creation and value capture. Applying BPM lenses to the process of creating shared value sought the attainment of a comprehensive system of decisions articulated between strategy and operations.

Findings

The paper pinpoints key links between strategy models and operational planning, thus proposing a new framework that integrates the characteristics of value system and OI. The paper elaborates a new theoretical framework rooted in the extant literature conducted in BPM, business strategy and business model innovation (BMI) fields.

Originality/value

This paper aims to fill the gap in the literature in which strategy models are separately treated from the operational ones. This conceptual effort contributes to the extant literature by drawing upon a comprehensive frameworkand mapping the complex set of interactions between the firm's value chain and its innovation ecosystem.

Details

Business Process Management Journal, vol. 26 no. 5
Type: Research Article
ISSN: 1463-7154

Keywords

Article
Publication date: 27 July 2017

Vincenza Cinquegrana, Anna Costanza Baldry and Stefano Pagliaro

The purpose of this paper is to investigate the influence of contextual factors on the attribution of responsibility to female victims of an intimate partner violence (IPV…

Abstract

Purpose

The purpose of this paper is to investigate the influence of contextual factors on the attribution of responsibility to female victims of an intimate partner violence (IPV) episode. The victim’s infidelity and the perpetrator’s alcohol abuse constituted the contextual factors in the investigation. The bystander’s age, gender, and attitude towards gender roles were predicted to influence the attribution of responsibility to an IPV victim, and their willingness to help.

Design/methodology/approach

An experimental study was conducted with 464 Italian participants with two independent conditions incorporated into a fictional scenario, measuring the different levels of the dependent variables under investigation. The participants were randomly assigned to different conditions provided their answers via an anonymous questionnaire.

Findings

The participants attributed more responsibility to the victim when they admitted infidelity, controlling for gender role norms and sexism. Attribution of responsibility, male gender, and attitudes towards the male gender role were significantly associated with less willingness to help the victim.

Practical implications

The results point to the importance of increasing the bystander’s role in preventing IPV by addressing gender role norms and their impact on the justification of violence.

Originality/value

The study complements the existing literature by providing new evidence of the barriers that prevent the bystander’s intervention in IPV episodes. A clearer understanding of these barriers will help to develop strategies that aim to prevent violence in the future.

Details

Journal of Aggression, Conflict and Peace Research, vol. 10 no. 1
Type: Research Article
ISSN: 1759-6599

Keywords

Article
Publication date: 23 March 2020

Giuseppe Sannino, Ferdinando Di Carlo and Manuela Lucchese

This paper aims to investigate and discover the demographic characteristics of corporate leaders (CEOs) in Fintech sector firms representing the implementation of the sustainable…

2264

Abstract

Purpose

This paper aims to investigate and discover the demographic characteristics of corporate leaders (CEOs) in Fintech sector firms representing the implementation of the sustainable business model. Particularly, the purpose is to identify a benchmark profile of CEOs and to understand which are the main features (e.g. age, tenure, education specification, education level, gender, nationality, years of entrepreneurship, years in financial functions, years in IT functions), giving more opportunity to develop and maintain sustainable business models using innovative platforms.

Design/methodology/approach

The research questions are answered through a quali-quantitative methodology using descriptive and statistical approaches. The researchers collected a sample of 100 Fintech firms from the main Fintech firms in 2018 identified by the annual KPMG Report (2019). Thus, the research observed and tested the average level of the major CEO demographic features. Additionally, the paper explored whether these variables have a major probability to affect Fintech leading.

Findings

Assuming a relevant part of Fintech firms, the main results of this paper show the relevance of several CEO demographic characteristics. Additionally, the age, the tenure and the presence of an MBA are significant elements in affecting Leading companies.

Originality/value

The paper is novel because it contributes to the literature examining the internal governance and sustainable business model, still not explored. Moreover, this study contributes to identifying the CEO demographic characteristics that foster financial institutions' transition towards sustainable business models.

Details

Management Decision, vol. 58 no. 8
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 15 July 2020

Tachia Chin, Shouyang Wang and Chris Rowley

This study aims to characterise an intricate, idiosyncratic knowledge-creating mechanism in the modern digital context of cross-cultural business models (CBM). From an integrative…

1049

Abstract

Purpose

This study aims to characterise an intricate, idiosyncratic knowledge-creating mechanism in the modern digital context of cross-cultural business models (CBM). From an integrative socio-cultural and philosophical perspective, the authors suggest a novel concept of polychronic knowledge creation (PKC) and its metaphor to theorise such a complex phenomenon.

Design/methodology/approach

This paper is conceptual in nature. It critically reviews the literature characterising the flourishing of information and communication technology (ICT)-driven CBMs and clarifies a research gap. The authors draw a dynamic conceptual framework describing how knowledge is created poly-chronically within CBMs, while also articulating and justifying the occurrence of knowledge icebergs as a manifestation of critical cognitive variances and biases in such contexts.

Findings

Building upon existential phenomenology, the authors regard the sea as a parable of the CBM ecosystem and propose the new notion of PKC as a dynamic time-space synthesis and its associated sea-like heuristic metaphor. These elucidate how the intricate interconnectivity of a focal firm with its diverse strategic partners kindles a discursive, multi-path knowledge creation process in ICT-driven CBMs under multiple jurisdictions with manifold cultures.

Research limitations/implications

Implications regarding the role of cross-cultural management in creating new knowledge within CBMs are provided.

Originality/value

The research complements and enriches Nonaka’s (1994) theory and its underlying metaphor “ba” (by incorporating the abstruse yet vital role of culture in the synthesizing process of knowledge creation) to propose the novel ideas of PKC and the sea-like heuristic metaphor in CBMs.

Details

Journal of Knowledge Management, vol. 25 no. 1
Type: Research Article
ISSN: 1367-3270

Keywords

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