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  • 标题:Corporate Governance, Investment, Profitability and Insolvency Risk: Evidence from Italy
  • 本地全文:下载
  • 作者:Alessandra Amendola ; Vincenzo Candila ; Luca Sensini
  • 期刊名称:Advances in Management and Applied Economics
  • 印刷版ISSN:1792-7544
  • 电子版ISSN:1792-7552
  • 出版年度:2020
  • 卷号:10
  • 期号:4
  • 出版社:Scienpress Ltd
  • 摘要: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.
  • 关键词:Corporate governance; Investment; Performance; Innovation; Risk Management.
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