The research aims to study the structural and functional characteristics of food and beverage companies, focusing on corporate governance, investment and financing decisions, innovation, profitability, and risk of insolvency. The analysis is based on a mixed type investigation method carried out on a random stratified sample of 274 firms. The empirical findings reveal that a large prevalence of companies is owned by a single person or by a limited number of partners (often of the same family). Owners and their families centralize decision-making power. The prevalence of companies made investment in innovation. The investments are mainly financed (78%) by the self-financing or by shareholders' capital. The investigation of the causal relationships that link corporate risk, profitability, and the propensity to invest and innovate with the other explanatory variables of business management highlighted further significant aspects.

Corporate Governance, Investment, Profitability and Insolvency Risk: Evidence from Italy / Amendola, Alessandra; Candila, Vincenzo; Sensini, Luca; Storti, Giuseppe. - In: ADVANCES IN MANAGEMENT AND APPLIED ECONOMICS. - ISSN 1792-7544. - 4:10(2020), pp. 185-202.

Corporate Governance, Investment, Profitability and Insolvency Risk: Evidence from Italy

Alessandra Amendola;Vincenzo Candila;Luca Sensini
;
Giuseppe Storti
2020

Abstract

The research aims to study the structural and functional characteristics of food and beverage companies, focusing on corporate governance, investment and financing decisions, innovation, profitability, and risk of insolvency. The analysis is based on a mixed type investigation method carried out on a random stratified sample of 274 firms. The empirical findings reveal that a large prevalence of companies is owned by a single person or by a limited number of partners (often of the same family). Owners and their families centralize decision-making power. The prevalence of companies made investment in innovation. The investments are mainly financed (78%) by the self-financing or by shareholders' capital. The investigation of the causal relationships that link corporate risk, profitability, and the propensity to invest and innovate with the other explanatory variables of business management highlighted further significant aspects.
2020
Corporate governance; Investment; Performance; Innovation; Risk Management
01 Pubblicazione su rivista::01a Articolo in rivista
Corporate Governance, Investment, Profitability and Insolvency Risk: Evidence from Italy / Amendola, Alessandra; Candila, Vincenzo; Sensini, Luca; Storti, Giuseppe. - In: ADVANCES IN MANAGEMENT AND APPLIED ECONOMICS. - ISSN 1792-7544. - 4:10(2020), pp. 185-202.
File allegati a questo prodotto
File Dimensione Formato  
Candila_Corporate-Governance_2020.pdf

accesso aperto

Tipologia: Versione editoriale (versione pubblicata con il layout dell'editore)
Licenza: Tutti i diritti riservati (All rights reserved)
Dimensione 379.77 kB
Formato Adobe PDF
379.77 kB Adobe PDF

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/1443195
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact