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This work focuses on the economic implications of the relationship between life expectancy, the number of years lost to disability and per-capita total health expenditure. The primary goal of the paper is to identify and plot the correlation between healthcare expenditure and the global increase in life expectancy, in order to assess if, and how, the way longer average lifespans are achieved affects healthcare sustainability. Datasets regarding the United States, the European Union and the five largest emerging healthcare systems (i.e., Brazil, the Russian Federation, India, China and South Africa) were obtained from the Institute for Health Metrics and Evaluation and the WHO Health Expenditure Statistics Repository. All analysis was performed on 2017 data. The results of the analysis showed the number of years lost to disability to be a linear function of life expectancy at birth (male R2 = 0.61; female R2 = 0.47), and per-capita total health expenditure to be an exponential function of the number of years lost to disability (male R2 = 0.60; female R2 = 0.65). This implies that improving life expectancy via social policies bears negative consequences in terms of healthcare sustainability, unless the number of years lost to disability is reduced too. Further studies should narrow the sample of countries and causes of years lost due to disability, to better inform future policy efforts.
Alessandro Danovi; Stefano Olgiati; Alessandro D’Amico. Living Longer with Disability: Economic Implications for Healthcare Sustainability. Sustainability 2021, 13, 4467 .
AMA StyleAlessandro Danovi, Stefano Olgiati, Alessandro D’Amico. Living Longer with Disability: Economic Implications for Healthcare Sustainability. Sustainability. 2021; 13 (8):4467.
Chicago/Turabian StyleAlessandro Danovi; Stefano Olgiati; Alessandro D’Amico. 2021. "Living Longer with Disability: Economic Implications for Healthcare Sustainability." Sustainability 13, no. 8: 4467.
Corporate restructuring has become a central topic for both academics and practitioners, particularly following the global financial crisis. In particular, there is increasing interest in understanding the effectiveness of turnaround strategies, which are defined as attempts to restore the performance of firms after periods of downfall. However, despite the relevance of this issue, there is a shortage of empirical evidence regarding the effectiveness of turnaround strategies related specifically to financial interventions. Through the support of an empirical analysis among Italian firms, this paper seeks to fill this significant gap in the available literature. In particular, we conducted an in-depth analysis of 262 debt restructuring agreement (DRA) plans that occurred between 2005 and 2013 in 16 bankruptcy courts. Our study confirms the positive effect of changes in the top management team. This measure can be both a symbolic signal of genuine willingness to modify the strategy of the firm, and a real manifestation of the necessity to have new skills to complete the turnaround. In addition, the adoption of operational and strategic/asset measures increase the likelihood of turnaround success.
Alessandro Danovi; Francesca Magno; Giovanna Dossena. Pursuing Firm Economic Sustainability through Debt Restructuring Agreements in Italy: An Empirical Analysis. Sustainability 2018, 10, 4830 .
AMA StyleAlessandro Danovi, Francesca Magno, Giovanna Dossena. Pursuing Firm Economic Sustainability through Debt Restructuring Agreements in Italy: An Empirical Analysis. Sustainability. 2018; 10 (12):4830.
Chicago/Turabian StyleAlessandro Danovi; Francesca Magno; Giovanna Dossena. 2018. "Pursuing Firm Economic Sustainability through Debt Restructuring Agreements in Italy: An Empirical Analysis." Sustainability 10, no. 12: 4830.
Patrizia Riva; Alessandro Danovi; Maurizio Comoli; Ambra Garelli. Corporate Governance in Downturn Times: Detection and Alert – The New Italian Insolvency and Crisis Code. Crisis Management - Theory and Practice 2018, 1 .
AMA StylePatrizia Riva, Alessandro Danovi, Maurizio Comoli, Ambra Garelli. Corporate Governance in Downturn Times: Detection and Alert – The New Italian Insolvency and Crisis Code. Crisis Management - Theory and Practice. 2018; ():1.
Chicago/Turabian StylePatrizia Riva; Alessandro Danovi; Maurizio Comoli; Ambra Garelli. 2018. "Corporate Governance in Downturn Times: Detection and Alert – The New Italian Insolvency and Crisis Code." Crisis Management - Theory and Practice , no. : 1.