The aim of this research is to analyze the beverage sector, with particular reference to the bott... more The aim of this research is to analyze the beverage sector, with particular reference to the bottled water sector. The main findings suggest there is a connection between trends in bottled water consumption and the economic status of a given country, although a country’s GDP is not the only economic indicator influencing bottled water consumption. In addition, the annual per capita bottled water consumption of a certain geographic area does not depend only on the availability of drinkable water, but also on other factors such as economic, natural, commercial and cultural aspects.
The study stems from the relevance of the global economic crisis which is affecting companies to ... more The study stems from the relevance of the global economic crisis which is affecting companies to an increasing extent. The objective of the paper is to test the degree of effectiveness of the insolvency prediction models, most widely used in the literature, including recent works (Jackson and Wood, 2013), with reference to Lombardy, the most important Italian region in terms of industrialization rate. The following models were used, selected according to their diffusion and the statistical technique used: 1) Discriminant analysis-Altman (1983);-Taffler (1983); 2) Logit Analysis-Ohlson (1980). The study identifies the state of health of companies in 2012, using the financial reporting data of the three previous years. The research sample consists of 58,750 companies (58,367 non-failed and 383 failed). Among the main results, it is observed that, for all the models, a prediction of default is often erroneously made for companies which are solvent, whereas failed companies are classifi...
Abstract: The purpose is to verify whether the company’s size (in terms of production value) coul... more Abstract: The purpose is to verify whether the company’s size (in terms of production value) could be considered as a relevant factor in impacting company performance, taking into consideration the country variable. Italian and German companies have been compared. The country factor (considering its structural and economic characteristics that are different from the company’s size) has a primary importance in determining the differences of performance between German and Italian companies. There is a weak relationship between the companies’ performance and their size. Size factor is not one of the main factors that explain why the performance of the German companies is better than Italian ones. Global differences are mainly due to the structural and economic characteristics of each country and, in residual form, due to different size of the companies operating in those two countries. The research is characterised by several theoretical and practical implications, especially for top management and investors.
The aim of this research is to analyze the beverage sector, with particular reference to the bott... more The aim of this research is to analyze the beverage sector, with particular reference to the bottled water sector. The main findings suggest there is a connection between trends in bottled water consumption and the economic status of a given country, although a country’s GDP is not the only economic indicator influencing bottled water consumption. In addition, the annual per capita bottled water consumption of a certain geographic area does not depend only on the availability of drinkable water, but also on other factors such as economic, natural, commercial and cultural aspects.
The study stems from the relevance of the global economic crisis which is affecting companies to ... more The study stems from the relevance of the global economic crisis which is affecting companies to an increasing extent. The objective of the paper is to test the degree of effectiveness of the insolvency prediction models, most widely used in the literature, including recent works (Jackson and Wood, 2013), with reference to Lombardy, the most important Italian region in terms of industrialization rate. The following models were used, selected according to their diffusion and the statistical technique used: 1) Discriminant analysis-Altman (1983);-Taffler (1983); 2) Logit Analysis-Ohlson (1980). The study identifies the state of health of companies in 2012, using the financial reporting data of the three previous years. The research sample consists of 58,750 companies (58,367 non-failed and 383 failed). Among the main results, it is observed that, for all the models, a prediction of default is often erroneously made for companies which are solvent, whereas failed companies are classifi...
Abstract: The purpose is to verify whether the company’s size (in terms of production value) coul... more Abstract: The purpose is to verify whether the company’s size (in terms of production value) could be considered as a relevant factor in impacting company performance, taking into consideration the country variable. Italian and German companies have been compared. The country factor (considering its structural and economic characteristics that are different from the company’s size) has a primary importance in determining the differences of performance between German and Italian companies. There is a weak relationship between the companies’ performance and their size. Size factor is not one of the main factors that explain why the performance of the German companies is better than Italian ones. Global differences are mainly due to the structural and economic characteristics of each country and, in residual form, due to different size of the companies operating in those two countries. The research is characterised by several theoretical and practical implications, especially for top management and investors.
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Papers by Elisa Giacosa