Le joint venture costituiscono un tema ampiamente dibattuto in letteratura sia a livello nazional... more Le joint venture costituiscono un tema ampiamente dibattuto in letteratura sia a livello nazionale che internazionale; nell’ambito dell’accounting, in particolare, l’aspetto piA¹ rilevante riguarda le modalitA di rappresentazione di tale fenomeno aggregativo in bilancio, soprattutto consolidato. In questo scenario il principio contabile internazionale IFRS 11 fornisce spunti di studio interessanti, comprendendo al suo interno fattispecie aggregative sia a base contrattuale che a base patrimo-niale. CiA² ha inevitabili riflessi di tipo contabile per la necessitA di ricercare le modalitA piA¹ adeguate a rispecchiare i risultati economici, finanziari e patrimoniali dei joint arrangements nel bilancio di gruppo. Nel presente articolo sono, quindi, introdotti e discussi i profili contabili di questa fattispecie aggregativa con particolare riferimento alle metodologie previste per l’inclusione di tali accordi all’interno del bilancio consolidato redatto secondo i principi contab...
Le joint venture costituiscono un tema ampiamente dibattuto in letteratura sia a livello nazional... more Le joint venture costituiscono un tema ampiamente dibattuto in letteratura sia a livello nazionale che internazionale; nell’ambito dell’accounting, in particolare, l’aspetto piA¹ rilevante riguarda le modalitA di rappresentazione di tale fenomeno aggregativo in bilancio, soprattutto consolidato. In questo scenario il principio contabile internazionale IFRS 11 fornisce spunti di studio interessanti, comprendendo al suo interno fattispecie aggregative sia a base contrattuale che a base patrimo-niale. CiA² ha inevitabili riflessi di tipo contabile per la necessitA di ricercare le modalitA piA¹ adeguate a rispecchiare i risultati economici, finanziari e patrimoniali dei joint arrangements nel bilancio di gruppo. Nel presente articolo sono, quindi, introdotti e discussi i profili contabili di questa fattispecie aggregativa con particolare riferimento alle metodologie previste per l’inclusione di tali accordi all’interno del bilancio consolidato redatto secondo i principi contab...
This study empirically investigates if a presence of a consistent female representation in the bo... more This study empirically investigates if a presence of a consistent female representation in the boardroom (i.e., a critical mass) affects leverage in family firms. Employing a sample of 268 Italian manufacturing firms for the period 2016-2018, the regression analysis show that the presence of at least three women in the boardroom significantly decreases firm's leverage. Results are robust to both, different measures of leverage and presence of women on board. These findings confirm the risk aversion of women and support the idea that a significant presence of women in the board is a useful instrument in risk monitoring. Our results are useful for policy makers – interested in the adoption of rules on gender quotas in identifying the minimum number of women in the board needed to produce a statistically significant impact on performance and shed new light on the relationship between corporate governance characteristics and capital structure in concentrated-ownership companies.
Designing, financing, and operating successful solar heating, concentrating solar power, and phot... more Designing, financing, and operating successful solar heating, concentrating solar power, and photovoltaic systems requires reliable information about the solar resource available and its variability over time. In the past, seasonal and daily variability has been studied and understood; however, with new solar technologies becoming more important in energy supply grids, small timescale effects are critical to successful deployment of these important low carbon technologies. A vital part of the bankability of solar projects is to understand the variability of the solar resource so that supply and storage technologies can be optimized. This handbook is the result of 10 years of international collaboration carried out by experts from the International Energy Agency's (IEA's) Solar Heating and Cooling (SHC), Solar PACES, and Photovoltaic Power Systems Technology Collaboration Programmes. Under IEA SHC Task 46: Solar Resource Assessment and Forecasting, experts from 11 countries produced information products and best practices on solar energy resources that will greatly benefit project developers and system operators as well as assist policymakers in advancing renewable energy programs worldwide. Meteorologists, mathematicians, solar technology specialists, and other key solar resource experts from around the world joined forces to further our understanding of the sun's temporal and spatial variability through benchmarking satellite-derived solar resource data and solar forecasts, developing best practices for measuring the solar resource, and conducting research to improve satellite-based algorithms. The results of IEA SHC Task 46 are useful to a wide range of users of solar heating and cooling, photovoltaics, and concentrating solar power systems and of building developers and owners as well as anyone else who needs to understand and predict sunlight for agricultural or other purposes. The earlier edition of the handbook, which was published in 2015, is used worldwide as a reference for each stage of a solar energy project. Since that time, there has been substantial growth in the interest in high-quality "bankable" solar resource data. This revision adds significant new methods so it will be even more useful. This publication is a summary that details the fundamentals of solar resources as well as captures the state of the art. For those wanting more depth, it also provides the references where more detailed information can be found. I would like to acknowledge the leadership of the National Renewable Energy Laboratory and express appreciation to the U.S. Department of Energy for producing the handbook and incorporating results from IEA SHC Task 46.
The new issue of Corporate Ownership and Control journal is composed by 15 articles focussing on ... more The new issue of Corporate Ownership and Control journal is composed by 15 articles focussing on a variety of topics in the field. Five papers present empirical evidence from banks and financial institutions, three focus on firm finances, four on governance and responsibility and a further three on the role of technology in terms of contextualising various business management activities.
Le joint venture costituiscono un tema ampiamente dibattuto in letteratura sia a livello nazional... more Le joint venture costituiscono un tema ampiamente dibattuto in letteratura sia a livello nazionale che internazionale; nell’ambito dell’accounting, in particolare, l’aspetto piA¹ rilevante riguarda le modalitA di rappresentazione di tale fenomeno aggregativo in bilancio, soprattutto consolidato. In questo scenario il principio contabile internazionale IFRS 11 fornisce spunti di studio interessanti, comprendendo al suo interno fattispecie aggregative sia a base contrattuale che a base patrimo-niale. CiA² ha inevitabili riflessi di tipo contabile per la necessitA di ricercare le modalitA piA¹ adeguate a rispecchiare i risultati economici, finanziari e patrimoniali dei joint arrangements nel bilancio di gruppo. Nel presente articolo sono, quindi, introdotti e discussi i profili contabili di questa fattispecie aggregativa con particolare riferimento alle metodologie previste per l’inclusione di tali accordi all’interno del bilancio consolidato redatto secondo i principi contab...
Le joint venture costituiscono un tema ampiamente dibattuto in letteratura sia a livello nazional... more Le joint venture costituiscono un tema ampiamente dibattuto in letteratura sia a livello nazionale che internazionale; nell’ambito dell’accounting, in particolare, l’aspetto piA¹ rilevante riguarda le modalitA di rappresentazione di tale fenomeno aggregativo in bilancio, soprattutto consolidato. In questo scenario il principio contabile internazionale IFRS 11 fornisce spunti di studio interessanti, comprendendo al suo interno fattispecie aggregative sia a base contrattuale che a base patrimo-niale. CiA² ha inevitabili riflessi di tipo contabile per la necessitA di ricercare le modalitA piA¹ adeguate a rispecchiare i risultati economici, finanziari e patrimoniali dei joint arrangements nel bilancio di gruppo. Nel presente articolo sono, quindi, introdotti e discussi i profili contabili di questa fattispecie aggregativa con particolare riferimento alle metodologie previste per l’inclusione di tali accordi all’interno del bilancio consolidato redatto secondo i principi contab...
This study empirically investigates if a presence of a consistent female representation in the bo... more This study empirically investigates if a presence of a consistent female representation in the boardroom (i.e., a critical mass) affects leverage in family firms. Employing a sample of 268 Italian manufacturing firms for the period 2016-2018, the regression analysis show that the presence of at least three women in the boardroom significantly decreases firm's leverage. Results are robust to both, different measures of leverage and presence of women on board. These findings confirm the risk aversion of women and support the idea that a significant presence of women in the board is a useful instrument in risk monitoring. Our results are useful for policy makers – interested in the adoption of rules on gender quotas in identifying the minimum number of women in the board needed to produce a statistically significant impact on performance and shed new light on the relationship between corporate governance characteristics and capital structure in concentrated-ownership companies.
Designing, financing, and operating successful solar heating, concentrating solar power, and phot... more Designing, financing, and operating successful solar heating, concentrating solar power, and photovoltaic systems requires reliable information about the solar resource available and its variability over time. In the past, seasonal and daily variability has been studied and understood; however, with new solar technologies becoming more important in energy supply grids, small timescale effects are critical to successful deployment of these important low carbon technologies. A vital part of the bankability of solar projects is to understand the variability of the solar resource so that supply and storage technologies can be optimized. This handbook is the result of 10 years of international collaboration carried out by experts from the International Energy Agency's (IEA's) Solar Heating and Cooling (SHC), Solar PACES, and Photovoltaic Power Systems Technology Collaboration Programmes. Under IEA SHC Task 46: Solar Resource Assessment and Forecasting, experts from 11 countries produced information products and best practices on solar energy resources that will greatly benefit project developers and system operators as well as assist policymakers in advancing renewable energy programs worldwide. Meteorologists, mathematicians, solar technology specialists, and other key solar resource experts from around the world joined forces to further our understanding of the sun's temporal and spatial variability through benchmarking satellite-derived solar resource data and solar forecasts, developing best practices for measuring the solar resource, and conducting research to improve satellite-based algorithms. The results of IEA SHC Task 46 are useful to a wide range of users of solar heating and cooling, photovoltaics, and concentrating solar power systems and of building developers and owners as well as anyone else who needs to understand and predict sunlight for agricultural or other purposes. The earlier edition of the handbook, which was published in 2015, is used worldwide as a reference for each stage of a solar energy project. Since that time, there has been substantial growth in the interest in high-quality "bankable" solar resource data. This revision adds significant new methods so it will be even more useful. This publication is a summary that details the fundamentals of solar resources as well as captures the state of the art. For those wanting more depth, it also provides the references where more detailed information can be found. I would like to acknowledge the leadership of the National Renewable Energy Laboratory and express appreciation to the U.S. Department of Energy for producing the handbook and incorporating results from IEA SHC Task 46.
The new issue of Corporate Ownership and Control journal is composed by 15 articles focussing on ... more The new issue of Corporate Ownership and Control journal is composed by 15 articles focussing on a variety of topics in the field. Five papers present empirical evidence from banks and financial institutions, three focus on firm finances, four on governance and responsibility and a further three on the role of technology in terms of contextualising various business management activities.
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