Crisis, sectoral and geographical factors: financial dynamics of Italian cooperatives

Fusco, Floriana; Migliaccio, Guido

doi:10.1108/emjb-02-2016-0002

Cited by 14 publications

(12 citation statements)

References 58 publications

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“…Through resilience "organizations will not only be better positioned and prepared to deal with the demands of high-impact events, but also seek opportunity and gains through uncertainty" (Burnard and Bhamra, 2011, p. 5584). Moreover, Fusco and Migliaccio (2018), while studying the financial structure of Italian cooperatives in times of crisis (2004)(2005)(2006)(2007)(2008)(2009)(2010)(2011)(2012)(2013), reached to the conclusion that the structure has not been essentially affected by the crisis, as a result of resilience in their business model.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

HR professionals cultivating resilience and crisis awareness toward a business excellence environment

Nizamidou

Vouzas

2020

EMJB

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PurposeThis paper explores how resilience may mitigate the impacts of a crisis and at the same time foster business excellence. Additionally, it seeks to analyze the role of HR department (HRD) in cultivating resilience and crisis awareness.Design/methodology/approachIn order for the authors to assess their hypotheses, a research model was conceptualized and tested by conducting an empirical study in Greek organizations that enlist the largest number of employees in Greece, belonging to various corporate sectors. Following the review of the relevant literature on resilience, business excellence and crisis management (CM), the research model and research hypotheses are presented.FindingsThe empirical section illustrates the statistical analysis of the collected data and the test of the research hypotheses. The authors managed to validate their research hypotheses through the research. The research demonstrated that promoting resilience and crisis awareness in a business excellence environment can reinforce the role of HRD aiming to overcome crises.Practical implicationsFollowing the research findings, the implications for managers and organizations are presented alongside with the research limitations. Managers and HRDs can review their mindset towards resilience. Thus, they may reevaluate their CM plans and processes according to the research findings.Originality/valueThe extended literature review proved that limited studies deal with the contribution of resilience regarding CM and business excellence. The originality of the present is to promote the cultivation of resilience in line with a high level of acquaintance with CM procedures to the dynamic role of HRD in terms of CM.

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Section: Theoretical Frameworkmentioning

confidence: 99%

HR professionals cultivating resilience and crisis awareness toward a business excellence environment

Nizamidou

Vouzas

2020

EMJB

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“…Several authors from different countries have investigated the determinants affecting health expenditures [ 5 , 23 , 24 , 25 , 26 , 27 ], healthcare spending, and its services [ 24 , 28 ]. Several cost-of-illness (COI) studies have evaluated the costs of a single disease in numerous countries [ 29 , 30 , 31 ].…”

Section: Introductionmentioning

confidence: 99%

Identification of Health Expenditures Determinants: A Model to Manage the Economic Burden of Cardiovascular Disease

Salvatore

Spada

Fortunato

et al. 2021

IJERPH

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The purpose of this paper is to investigate the determinants influencing the costs of cardiovascular disease in the regional health service in Italy’s Apulia region from 2014 to 2016. Data for patients with acute myocardial infarction (AMI), heart failure (HF), and atrial fibrillation (AF) were collected from the hospital discharge registry. Generalized linear models (GLM), and generalized linear mixed models (GLMM) were used to identify the role of random effects in improving the model performance. The study was based on socio-demographic variables and disease-specific variables (diagnosis-related group, hospitalization type, hospital stay, surgery, and economic burden of the hospital discharge form). Firstly, both models indicated an increase in health costs in 2016, and lower spending values for women (p < 0.001) were shown. GLMM indicates a significant increase in health expenditure with increasing age (p < 0.001). Day-hospital has the lowest cost, surgery increases the cost, and AMI is the most expensive pathology, contrary to AF (p < 0.001). Secondly, AIC and BIC assume the lowest values for the GLMM model, indicating the random effects’ relevance in improving the model performance. This study is the first that considers real data to estimate the economic burden of CVD from the regional health service’s perspective. It appears significant for its ability to provide a large set of estimates of the economic burden of CVD, providing information to managers for health management and planning.

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“…The international and Italian bibliography does not adequately examine the subject of the profitability of the agricultural enterprise by making use of the balance sheets data. This study provides this, which also uses numerous statistical elaborations and above all, the analysis of variance (ANOVA) method (Gu, 2013; Solari et al , 2009; Strang, 1980; Ross and Willson, 2017; HackerJoel and Angiolillo-Bent, 1981; Quirk, 2012; Liao and Li, 2018) that has already demonstrated its usefulness in investigations of this type (Iovino and Migliaccio, 2018a, b, 2019; Fusco and Migliaccio, 2015, 2016a, b, 2018, 2019; Migliaccio and Fusco, 2018; Migliaccio and Arena, 2018b).…”

Section: Literature Reviewmentioning

confidence: 99%

“…This study is part of a larger project to analyze the performance of Italian companies before, during and after the 2008 economic crisis. The project investigated Italian cooperative companies (Fusco and Migliaccio, 2015, 2016a, b, 2018, 2019), with attention to social cooperatives that manage social welfare residences for the elderly (Migliaccio and Losco, 2018) as well as innovative start-ups (Migliaccio and Pavone, 2019, 2021) and social enterprises (Migliaccio and Pavone, 2020). In addition, a further study is currently underway on the profitability of companies in the primary sector with the aim of identifying significant differences in relation not to the geographic location but regarding the prevailing activity carried out (agricultural, farming and mixed activity).…”

Section: Summary Conclusion and Implicationsmentioning

confidence: 99%

Primary sector in Italy: profitability dynamics and relationship with the international economic crisis

Migliaccio

Pavone

2021

IJPPM

Self Cite

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PurposeThis paper investigates the income dynamics of Italian primary sector, during and after the international economic crisis. It focuses on three research questions: what has been the evolution of the main profitability ratios of agricultural enterprises in recent years? After the crisis, have the surviving farms increased their profitability? Has the profitability been different also in relation to the geographic location?Design/methodology/approachIncome dynamics of a sample of companies have been analyzed, obtaining the 10-year evolution of the average value of three income indices (return on equity [ROE], return on assets [ROA] and return on sales [ROS]). Statistical elaborations and the analysis of variance (ANOVA) method have been used.FindingsThe years of the international economic crisis are often characterized by higher incomes than the following ones. The descending trend involves all three national macroareas of Italy, although characterized by considerable socioeconomic differences.Research limitations/implicationsThe study considers only the society that survived the crisis, so, presumably, the strongest. Moreover, other ratios should be considered in order to have a more complete view.Practical implicationsPublic policymakers could use this study for a better intervention in support of agricultural and agro-industrial activities.Social implicationsThe careful economic and financial analysis of the sector favors the relaunching strategies of the Italian primary sector in which many employees work.Originality/valueThe research contributes to the literature by providing a quantitative analysis of the dynamics of the sector, through the comparative information that may be derived from financial statements.

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Crisis, sectoral and geographical factors: financial dynamics of Italian cooperatives

Cited by 14 publications

References 58 publications

HR professionals cultivating resilience and crisis awareness toward a business excellence environment

HR professionals cultivating resilience and crisis awareness toward a business excellence environment

Identification of Health Expenditures Determinants: A Model to Manage the Economic Burden of Cardiovascular Disease

Primary sector in Italy: profitability dynamics and relationship with the international economic crisis

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