Martina Sidoti

PUBLICATIONS | Digital technologies and the evolution of the management accounting profession: a grounded theory literature review On Meditary Accountancy Research, the latest article by Prof. Daria Arkhipova and Prof. Chiara Mio , from Venice School Of Management, Prof. Stefano Marasca and Prof. Marco Montemari, from Università Politecnica delle Marche. “The paper discusses how the role, identity, tasks and techniques of management accountants have evolved as a result of the unstructured data availability, algorithmic support in decision-making, and technology-driven changes in organisational structures and forms” Read the full paper: https://lnkd.in/d8Ktvk6Q #bridgingideas #VSM #veniceschoolofmanagement #managementstudies

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#dseapapers "Firms’ Borrowing Costs and Neighbors’ Flood Risk" Published in Small Business Economics Authors: Thomas Bassetti (Dipartimento di Scienze Economiche e Aziendali - Università di Padova) Lorenzo Dal Maso (University of Bologna (Alma Mater Studiorum – Università di Bologna)) Valentina Pieroni (Scuola IMT Alti Studi Lucca) This study examines whether Italian firms exposed to climate risks face higher borrowing costs due to spatial spillovers. Using 419,040 firm-year observations from 2016 to 2019, we find a positive link between a firm’s debt costs and its neighborhood’s climate risk. Small businesses are particularly affected due to their lack of financial diversification, poor bargaining power, and strong reliance on credit. Read more: https://lnkd.in/dsMgtPmV

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📣 We are pleased to announce that the report "𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐀𝐬𝐩𝐞𝐜𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐚𝐭𝐞 𝐨𝐟 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐄𝐔” has been published by the European Commission. The report was prepared by a consortium of firms led by Lear - Economic Consultancy and comprising E.CA Economics, FIDERES, Prometeia, University of East Anglia, and Verian Group. Our report contributes to the Commission's report "𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐢𝐧 𝐚 𝐂𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐖𝐨𝐫𝐥𝐝”, which will be presented on June 27 at a conference hosted by EU Competition Policy. Our report, the Commission’s report and information on the conference are available below: 👉 OUR REPORT https://bit.ly/4cC8dmE 👉 COMMISSION REPORT https://bit.ly/3L1Dbch 👉 CONFERENCE https://bit.ly/3XDCKw9 The report includes five chapters. Chapter 1, prepared by Lear, and in particular by our Partner Salvatore Nava and Consultant Elena Salomone, with support from Prometeia, describes the available evidence on how, over the past few decades, competition across markets in the EU seems to have weakened: industry concentration and markups have increased, while the gap between market leaders and followers has widened and business dynamism has declined. Chapter 2, prepared by the University of East Anglia and Fideres, along with a team of researchers from academia, provides evidence that higher market concentration is generally associated with higher prices in six sectors of economic activity: mobile telecom, airlines, beer, mortgages, modern consumer retail and cement. For mobile telecoms and airlines, the report includes original empirical analyses that allow to infer a causal effect of market concentration on prices and other outcomes. Chapter 3, prepared by ECA Economics, provides an analysis of the evolution of “Global Superstars” – the most profitable of the world’s largest firms – and finds that their profit rates have increased significantly over the last 25 years, and that the distribution of profits has become more skewed. Chapter 4, led by Lear Senior Advisor Elena Argentesi and Consultant Livia De Simone, informs the debate on the interplay between domestic competition and export competitiveness. A survey of EU-based exporting firms, conducted by Verian, suggests that effective domestic competition within the Single Market is an important driver of their global export competitiveness and does not constrain their scale. Finally, chapter 5, prepared by Prometeia, provides original estimates of the costs of non-competition to the wider economy. Relying on own estimates of markups, the report shows that effective competition brings about sizeable macro-economic benefits, positively affecting investment, employment, productivity and GDP growth. The study was coordinated by Lear, and in particular by Salvatore Nava and Elena Salomone, with support from leading scholar Tomaso Duso.

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This week the European Commission published the report "Exploring Aspects of the State of Competition in the EU". Our team on this project was composed of Alexis Walckiers, Rafael Aigner, Luca Rancati, and James C. They were part of a wonderful research team led by Lear - Economic Consultancy. The chapter we contributed defined “Global Superstars” as the world's 50 most profitable companies for five 5-year periods between 1998 and 2022. We used the Fortune Global 500 dataset, thereby restricting attention to the world’s 500 largest firms in revenue. Global Superstars were selected as the firms with the highest combined absolute profit and profit rate.  EVEN AMONG THE ELITE - GLOBAL SUPERSTARS STAND OUT 🚀 Their average yearly profit in the latest period was 14.5 billion USD. This compares to 3.5 billion USD for other Fortune Global 500 firms. 🚀 Their profit rate has almost doubled over the last 25 years, from 11% to 20%. For the average Fortune Global 500 firm, there was only a small increase. 🚀 Even among the Global Superstars, the gap between the “average Superstar” and the very most profitable firms is widening. The firms at the very top earn significantly more.

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Another Executive MBA elective, ‘Data Science and Visualization for Business,’ is taught by Sasin Assistant Professor Stefano Starita. In this course, students will learn to enhance the credibility of scientific claims through the use of graphs and visual tools. They will gain skills in data visualization, which serves as a business intelligence tool to support decision-making, understand data, and gain insights into business operations.

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❓ Do you know the Phd course Public-GoMaP? The Department of Management develops the course together with the Departments of Economics, Political and Social Sciences, and Statistical Sciences "Paolo Fortunati."  Learn more ➡ https://lnkd.in/djytEJUh Emanuele Padovani Margherita Fort Mario Mazzocchi Michela Ceccorulli Eugenio Cannovale #disaunibo #disaresearch #disaphd #publicgomap #publicgovernance #publicpolicy #publicmanagement

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On Monday 13th, the elective course on Machine Learning for Finance by Matteo Rolle (BANCA SELLA - S.P.A.) for the Management and Finance degree course at Università del Piemonte Orientale concluded. In the four lessons, Matteo presented the most advanced machine learning techniques such as random forest, neural networks, autoencoders, non-linear PCA by discussing concrete cases in finance with practical cases in #python . Thanks to Matteo and Francesca Biglia for their valuable collaboration and the financial support to LM Management and Finance. #finance #machinelearning #python

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We invite the reading of this interesting article by Professor Matteo Motterlini in tribute to Nobel laureate Daniel Kahneman. The development of Sysyems thinking awareness is crucial in the training of our young managers #futureleaders #cognitivebias #danielkahneman

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PUBLICATIONS | Unveiling the consequences of ESG rating disagreement: an empirical analysis of the impact on the cost of equity capital On Accounting in Europe Academic Journal, the latest article by Prof. Chiara Mio, Marco Fasan, Francesco Scarpa, Antonio Costantini, from the Venice School of Management, , and Aoife Claire Fitzpatrick, Leibniz Institute for Financial Research SAFE ESG ratings are increasingly used by investors to integrate Environmental, Social and Governance factors into their investment decisions. However, recent research shows a lack of convergence among ESG ratings from different agency providers, leading to the phenomenon of ‘ESG rating disagreement’. This article examines the economic consequences of this divergence, focusing on its impact on the cost of equity in the European context. While corroborating existing evidence that high ESG ratings tend to reduce firms' cost of equity, the article finds that this beneficial effect is weakened in the presence of high ESG rating disagreement. These findings have significant implications for companies, investors, and regulators, highlighting the need for more standardized ESG rating methodologies to ensure the value relevance of these ratings. Read the full paper: https://lnkd.in/d48eHQ2F #bridgingideas #VSM #veniceschoolofmanagement #managementstudies

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What are the pivotal moments in the history of data and AI? Cristina Alaimo, Assistant Professor (Research) of Digital Economy and Society at Luiss Guido Carli University, joins Adel Nehme to explore many of the themes covered in her book—from the first instance of data being used to how it became central for how organizations operate, and much more. Key takeaways: 💥 Datification, or the encoding of life events into data, requires careful consideration of what is recorded and why. 💥 Rather than viewing surveillance solely as a "Big Brother" issue, consider the participatory aspect where users benefit from services. 💥 Implement data literacy initiatives to inform discussions about data's impact on society and enhance collective understanding. 🎧 Listen now: https://ow.ly/Y0iH50S7gw3

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Our latest addition to the Business, Management and Economics book series, edited by Luigi Aldieri from Università degli Studi di Salerno, contributes to the multifaceted perspectives of innovation—from #AI-driven digital transformation to the sustainable transition to #RenewableTechnologies, and the pivotal connection between #entrepreneurship and #innovation. Explore how these elements might interact to drive modern #economies and help shape effective support #policies. Access the #OpenAccess book here: http://bit.ly/3UdynEH

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AITI Associazione Italiana Tesorieri d'Impresa are pleased to share a survey on sustainable supply chain finance. All EACT members are invited to take part. The main objective of the questionnaire is to investigate what are the main drivers that can lead companies to adopt Sustainable Supply Chain Finance solutions in today's global market. Take survey: https://lnkd.in/e4Dwzf_n The survey will take approximately 15-20 minutes to complete. Completion of the questionnaire is voluntary and can be stopped at any time. The answers will be collected and processed anonymously by the University of Pavia for research purposes and statistical analysis on aggregated or anonymous data, without the possibility of identifying the user. No profiling activity is planned. A short report of the results will be sent on request to those who participate in the questionnaire and consent to leave their email address. #treasury #scf #supplychains #ESG

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A new article entitled “New public management evolving agenda: risk management in Italian municipalities” has just been published in the International Journal of Public Sector Managementby by Monia Castellini (Università degli Studi di Ferrara), Caterina Ferrario (Università degli Studi di Milano) and Vincenzo Riso, PhD (Dipartimento di Management - Università di Verona). Since the 1980s, New public management has fostered the introduction of managerial approaches similar to those of the private sector in public administrations. Recently, the advantages of performing risk management in the public sector have been recognized; however, to the best of our knowledge, research on risk management in public administrations is underdeveloped, and there is a need to understand how risk management is performed. This paper addresses these issues and investigates whether and how risk management is performed in Italian public administration. Through a qualitative content analysis of documents published on municipalities’ websites, data and information were collected and elaborated using quantitative indicators. The main results are that a high percentage of large Italian municipalities perform risk management and comply with theoretical provisions on risk management, sometimes displaying isomorphic behavior in risk management practices.   Link al paper: https://lnkd.in/ejzegZ_8 Pagina linkedin del journal: https://lnkd.in/exbBcfRN

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yes WE can Do IT

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NEW article co-authored by Michele Bavaro (Postdoctoral Research Officer at DSPI) explores #unemployment and low-pay dynamics in Italy ⬇ The research used linked survey-administrative data from 2014-2017 and finds evidence of state dependence for unemployment and low-pay employment. It suggests that structure of the Italian labour market resembles processes that shape almost independent no-pay/low-pay tunnels leading individuals into two different traps rather than a cycle between the two states. Read in full: https://lnkd.in/em4A-JWN The Institute for New Economic Thinking at the Oxford Martin School, Oxford Martin School #EconomicPolicy #Economics

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InDatis Leading Sustainable Change in Finance! We are proud to announce another milestone for InDatis at Confab 2024 with our paper, "The Network Analysis of ESG Performance: An Empirical Analysis on Italian Companies." In this innovative study, we dive deep into how corporate networks influence sustainability outcomes, emphasising Environmental, Social, and Governance (ESG) performance. Our research meticulously maps out the interconnections between companies and examines how these relationships affect their commitment to sustainable practices. Using advanced network analysis, our team identifies patterns and clusters within sectors that excel in ESG factors, showcasing the transformative power of shared decision-making in achieving sustainability goals. This approach not only highlights influential companies but also sets a benchmark for integrating ESG practices across industries. Join us at Confab 2024 to explore how InDatis is exploring the potential of network analysis to forge a path toward more sustainable and responsible financial practices. #Sustainability #ESG #Finance #Innovation #InDatis #Confab2024 Marco Mormone Mario Guarracino Fabio Nappo Brian Bernhardt Sara Gigli Chiara Marciano Mauro Marsella

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