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Prof. Fillippo Vitolla
Department of Economics and Management, LUM Jean Monnet University, 73125 Casamassima, Italy

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0 CSR
0 Integrated Reporting
0 digitalization
0 Non-financial information
0 Intellectual capital disclosure

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Journal article
Published: 08 June 2021 in Sustainability
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The COVID-19 pandemic has had serious health, social and economic consequences. In this difficult context, companies are called upon to implement corporate social responsibility (CSR) activities to support society and the weakest individuals. This study examines how Spanish companies have supported society and vulnerable individuals through partnerships with non-governmental organizations (NGOs). In this regard, a multiple case study analysis based on 14 companies listed on the Madrid Stock Exchange that have created collaborations with different NGOs was conducted. The results show that these partnerships are mainly aimed at providing food, health, social and technological support to society and vulnerable individuals. To the best of our knowledge, this is the first study that examines the support provided by companies to society during the COVID-19 pandemic in the European context.

ACS Style

Nicola Raimo; Angela Rella; Filippo Vitolla; María-Inés Sánchez-Vicente; Isabel-María García-Sánchez. Corporate Social Responsibility in the COVID-19 Pandemic Period: A Traditional Way to Address New Social Issues. Sustainability 2021, 13, 6561 .

AMA Style

Nicola Raimo, Angela Rella, Filippo Vitolla, María-Inés Sánchez-Vicente, Isabel-María García-Sánchez. Corporate Social Responsibility in the COVID-19 Pandemic Period: A Traditional Way to Address New Social Issues. Sustainability. 2021; 13 (12):6561.

Chicago/Turabian Style

Nicola Raimo; Angela Rella; Filippo Vitolla; María-Inés Sánchez-Vicente; Isabel-María García-Sánchez. 2021. "Corporate Social Responsibility in the COVID-19 Pandemic Period: A Traditional Way to Address New Social Issues." Sustainability 13, no. 12: 6561.

Journal article
Published: 29 May 2021 in Evaluation and Program Planning
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This work aims to explore the relationship between academic performance and voluntary Intellectual Capital (IC) disclosure in the context of Italian Public Universities. This study applies a content analysis to investigate the extent of voluntary Intellectual Capital disclosure (ICD) provided through performance reports by a sample of 59 Italian public universities. Four multivariate regression models are estimated to examine the associations between academic performance and the level of ICD and its sub-components, namely Human Capital, Structural Capital and Relational Capital. The content analysis findings show that Italian public universities place a high value on disclosing human capital information. The results based on the multivariate analysis confirm the view that, in the case of higher performance, Italian Public Universities tend to convey a greater extent of information on both IC and its sub-components. This study broadens the scope of mainstream ICD literature's actions by bringing new expertise about the interconnections between university performance and voluntary ICD provided via performance reports. Connecting university performance to ICD can enhance the practical and theoretical understanding of the role that ICD may exert for universities to signalling their excellence and explain to stakeholders how they create value and achieve superior performance, focusing on their strategic - IC-based resources.

ACS Style

Giuseppe Nicolò; Nicola Raimo; Paolo Tartaglia Polcini; Filippo Vitolla. Unveiling the link between performance and Intellectual Capital disclosure in the context of Italian Public universities. Evaluation and Program Planning 2021, 88, 101969 .

AMA Style

Giuseppe Nicolò, Nicola Raimo, Paolo Tartaglia Polcini, Filippo Vitolla. Unveiling the link between performance and Intellectual Capital disclosure in the context of Italian Public universities. Evaluation and Program Planning. 2021; 88 ():101969.

Chicago/Turabian Style

Giuseppe Nicolò; Nicola Raimo; Paolo Tartaglia Polcini; Filippo Vitolla. 2021. "Unveiling the link between performance and Intellectual Capital disclosure in the context of Italian Public universities." Evaluation and Program Planning 88, no. : 101969.

Journal article
Published: 15 March 2021 in Administrative Sciences
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In recent years, the correct representation of environmental performance has become increasingly important. In light of this, in the academic field, numerous researchers have examined the level and quality of environmental disclosure. However, in the context of studies relating to the determinants of environmental disclosure, little attention has been paid to the role of environmental innovation. This study, in the context of voluntary disclosure theory, aims to fill this important gap through the analysis of the impact of environmental innovation on the level of integrated environmental information disclosed by companies and the analysis of environmental performance as a mediating factor in this relationship. The results show a positive relationship between environmental innovation and integrated environmental disclosure. In addition, they show that environmental performance represents a mediating factor in this relationship. However, complementary analyses show that responsible firms adopt silent strategies in their environmental integrated disclosure policies in order to limit the knowledge by external users of the different environmental actions implemented.

ACS Style

Isabel-María García-Sánchez; Nicola Raimo; Filippo Vitolla. Are Environmentally Innovative Companies Inclined towards Integrated Environmental Disclosure Policies? Administrative Sciences 2021, 11, 29 .

AMA Style

Isabel-María García-Sánchez, Nicola Raimo, Filippo Vitolla. Are Environmentally Innovative Companies Inclined towards Integrated Environmental Disclosure Policies? Administrative Sciences. 2021; 11 (1):29.

Chicago/Turabian Style

Isabel-María García-Sánchez; Nicola Raimo; Filippo Vitolla. 2021. "Are Environmentally Innovative Companies Inclined towards Integrated Environmental Disclosure Policies?" Administrative Sciences 11, no. 1: 29.

Research article
Published: 11 March 2021 in Corporate Social Responsibility and Environmental Management
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In recent years, greater attention has been paid to sustainability issues. Companies have received increasing pressure from stakeholders to adopt sustainable behavior and provide an adequate representation of sustainability practices. Nonfinancial disclosure has thus taken on a crucial role. In the academic field, several researchers have analyzed the effects of nonfinancial disclosure. However, limited attention has been paid to the impact of nonfinancial information on the cost of debt. This study aims at bridging this gap by analyzing the effect of ESG disclosure on the cost of debt. The fixed effects analysis conducted on a sample of 8264 observations (an unbalanced panel data of 919 firms for the period 2010–2019), shows a negative effect of the ESG disclosure on the cost of debt financing. The results demonstrate that companies with greater levels of transparency in the dissemination of ESG information benefit from accessing third party financial resources at better conditions.

ACS Style

Nicola Raimo; Alessandra Caragnano; Marianna Zito; Filippo Vitolla; Massimo Mariani. Extending the benefits of ESG disclosure: The effect on the cost of debt financing. Corporate Social Responsibility and Environmental Management 2021, 1 .

AMA Style

Nicola Raimo, Alessandra Caragnano, Marianna Zito, Filippo Vitolla, Massimo Mariani. Extending the benefits of ESG disclosure: The effect on the cost of debt financing. Corporate Social Responsibility and Environmental Management. 2021; ():1.

Chicago/Turabian Style

Nicola Raimo; Alessandra Caragnano; Marianna Zito; Filippo Vitolla; Massimo Mariani. 2021. "Extending the benefits of ESG disclosure: The effect on the cost of debt financing." Corporate Social Responsibility and Environmental Management , no. : 1.

Journal article
Published: 17 January 2021 in Journal of International Management
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In recent years, attention to sustainability and corporate ethics has grown considerably. This highlights ethical codes as tools to promote ethical and honest actions and create greater motivation among employees. Ethical codes help implement organisational control by allowing companies to represent both belief and boundary systems. Despite the global relevance of ethics, the drafting processes, and the contents of ethical codes differ considerably between countries. This circumstance makes interesting the analysis of the influence of national culture on the quality of the code of ethics, still little explored in the literature. This study aims to fill this gap by analysing the impact of Hofstede's dimensions, as an expression of national culture, on quality of the code of ethics, from an organisational control perspective. Our analysis, of 191 international companies belonging to 29 different countries and five continents, shows that the quality of the ethical codes is related to five of Hofstede's six dimensions. This study enriches the literature by extending the field of antecedents of the quality of the code of ethics, which before this research included analyses only on internal determinants.

ACS Style

Filippo Vitolla; Nicola Raimo; Michele Rubino; Giovanni Maria Garegnani. Do cultural differences impact ethical issues? Exploring the relationship between national culture and quality of code of ethics. Journal of International Management 2021, 27, 100823 .

AMA Style

Filippo Vitolla, Nicola Raimo, Michele Rubino, Giovanni Maria Garegnani. Do cultural differences impact ethical issues? Exploring the relationship between national culture and quality of code of ethics. Journal of International Management. 2021; 27 (1):100823.

Chicago/Turabian Style

Filippo Vitolla; Nicola Raimo; Michele Rubino; Giovanni Maria Garegnani. 2021. "Do cultural differences impact ethical issues? Exploring the relationship between national culture and quality of code of ethics." Journal of International Management 27, no. 1: 100823.

Journal article
Published: 06 November 2020 in Corporate Ownership and Control
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ACS Style

Filippo Vitolla; Arcangelo Marrone; Nicola Raimo. Integrated reporting and integrated thinking: A case study analysis. Corporate Ownership and Control 2020, 18, 281 -291.

AMA Style

Filippo Vitolla, Arcangelo Marrone, Nicola Raimo. Integrated reporting and integrated thinking: A case study analysis. Corporate Ownership and Control. 2020; 18 (1):281-291.

Chicago/Turabian Style

Filippo Vitolla; Arcangelo Marrone; Nicola Raimo. 2020. "Integrated reporting and integrated thinking: A case study analysis." Corporate Ownership and Control 18, no. 1: 281-291.

Research article
Published: 21 September 2020 in Business Strategy and the Environment
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The limits of financial disclosure in meeting the investors' needs have led to the request for reporting frameworks capable of incorporating information of different nature. Integrated reporting (IR), which is the latest novelty in organisational reporting practice, promises to bring together material financial and non‐financial information. IR has received considerable academic attention in recent years. However, little attention has been paid to the role of the audit committee in IR processes, despite the influence that this body has on disclosure, thanks to its supervisory and monitoring functions. This study bridges this gap by analysing the effect of the audit committee attributes on integrated reporting quality (IRQ) from an agency theory perspective. The regression analysis, conducted on a sample of 125 international firms, demonstrated a positive effect of size, independence and meeting frequency of the audit committee on IRQ and a non‐significant effect of financial expertise.

ACS Style

Nicola Raimo; Filippo Vitolla; Arcangelo Marrone; Michele Rubino. Do audit committee attributes influence integrated reporting quality? An agency theory viewpoint. Business Strategy and the Environment 2020, 30, 522 -534.

AMA Style

Nicola Raimo, Filippo Vitolla, Arcangelo Marrone, Michele Rubino. Do audit committee attributes influence integrated reporting quality? An agency theory viewpoint. Business Strategy and the Environment. 2020; 30 (1):522-534.

Chicago/Turabian Style

Nicola Raimo; Filippo Vitolla; Arcangelo Marrone; Michele Rubino. 2020. "Do audit committee attributes influence integrated reporting quality? An agency theory viewpoint." Business Strategy and the Environment 30, no. 1: 522-534.

Journal article
Published: 15 September 2020 in Sustainability
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The crisis connected to the spread of the COVID-19 pandemic represents an epochal event destined to generate strong economic and social consequences. The impact of the pandemic on business activities and business models also entails rethinking reporting practices. The pandemic has, in fact, created an enormous need for investors and stakeholders in general for future-oriented information relating to the impacts of this event on organizations. Integrated reporting is an ideal tool to provide information related to the effects of the pandemic and provide a holistic view of the future prospects of organizations. This study, using legitimacy theory and based on a two-step methodology, highlighted a series of information that companies will need to have to include in integrated reports to maintain and defend legitimacy. The results provide a double perspective: the first based on content elements and the second based on capitals. The results represent an important guideline for companies for the preparation of future integrated reports.

ACS Style

Isabel-María García-Sánchez; Nicola Raimo; Arcangelo Marrone; Filippo Vitolla. How Does Integrated Reporting Change in Light of COVID-19? A Revisiting of the Content of the Integrated Reports. Sustainability 2020, 12, 7605 .

AMA Style

Isabel-María García-Sánchez, Nicola Raimo, Arcangelo Marrone, Filippo Vitolla. How Does Integrated Reporting Change in Light of COVID-19? A Revisiting of the Content of the Integrated Reports. Sustainability. 2020; 12 (18):7605.

Chicago/Turabian Style

Isabel-María García-Sánchez; Nicola Raimo; Arcangelo Marrone; Filippo Vitolla. 2020. "How Does Integrated Reporting Change in Light of COVID-19? A Revisiting of the Content of the Integrated Reports." Sustainability 12, no. 18: 7605.

Journal article
Published: 30 July 2020 in Technological Forecasting and Social Change
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Due to the transition from a manufacturing-based to a knowledge-based economy, the relevance of intellectual capital (IC) in firm value creation processes has significantly increased. Considering that traditional financial disclosures do not contain IC-related information, various stakeholders have long asked companies to voluntarily disclose their intellectual resources for those to be incorporated into firm performance considerations and valuations. The advent of integrated reporting provides managers with an innovative tool to address IC disclosure. Nevertheless, despite research already focused on IC information in integrated reporting, knowledge regarding the benefits that companies enjoy through divulging IC-related information in integrated reports remains limited. To fill this gap, this study empirically analyses the impact of IC disclosure quality on firm value in the context of integrated reporting. Based on a sample of 110 companies, findings suggest a significantly positive relationship between all three components of IC (structural, human, social and relationship) and firm value, generating multiple implications for reporting entities, investors, regulators, and managers.

ACS Style

Antonio Salvi; Filippo Vitolla; Anastasia Giakoumelou; Nicola Raimo; Michele Rubino. Intellectual capital disclosure in integrated reports: The effect on firm value. Technological Forecasting and Social Change 2020, 160, 120228 .

AMA Style

Antonio Salvi, Filippo Vitolla, Anastasia Giakoumelou, Nicola Raimo, Michele Rubino. Intellectual capital disclosure in integrated reports: The effect on firm value. Technological Forecasting and Social Change. 2020; 160 ():120228.

Chicago/Turabian Style

Antonio Salvi; Filippo Vitolla; Anastasia Giakoumelou; Nicola Raimo; Michele Rubino. 2020. "Intellectual capital disclosure in integrated reports: The effect on firm value." Technological Forecasting and Social Change 160, no. : 120228.

Research article
Published: 12 May 2020 in Corporate Social Responsibility and Environmental Management
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Intellectual capital is an important tool for strengthening a firm's competitive advantage and helping it achieve its medium‐ and long‐term financial objectives. Currently accepted accounting principles do not outline strict rules and regulations for intellectual capital disclosure. However, the advent of integrated reporting offer firms an innovative tool to disseminate this information. Although previous research has analysed the intellectual capital found in integrated reports, no studies have analysed the board of directors' role in intellectual capital disclosure policies. This study uses agency theory to analyse the effect of board characteristics on intellectual capital disclosure quality (ICDQ) in the context of integrated reporting. To this end, it develops a new scoring system to measure ICDQ. The results, based on a sample of 130 international firms operating in different sectors, show a positive relationship between board size, independence, diversity and activity with ICDQ.

ACS Style

Filippo Vitolla; Nicola Raimo; Arcangelo Marrone; Michele Rubino. The role of board of directors in intellectual capital disclosure after the advent of integrated reporting. Corporate Social Responsibility and Environmental Management 2020, 27, 2188 -2200.

AMA Style

Filippo Vitolla, Nicola Raimo, Arcangelo Marrone, Michele Rubino. The role of board of directors in intellectual capital disclosure after the advent of integrated reporting. Corporate Social Responsibility and Environmental Management. 2020; 27 (5):2188-2200.

Chicago/Turabian Style

Filippo Vitolla; Nicola Raimo; Arcangelo Marrone; Michele Rubino. 2020. "The role of board of directors in intellectual capital disclosure after the advent of integrated reporting." Corporate Social Responsibility and Environmental Management 27, no. 5: 2188-2200.

Journal article
Published: 09 April 2020 in Sustainability
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In recent years, achieving the Sustainable Development Goals (SDGs) is becoming a major challenge for local governments. This research focuses on the role of Spanish local governments in the fulfillment of SDG-6, which aims to ensure the availability and sustainable management of water and sanitation for all citizens. Specifically, this study analyses the evolution of the efficiency of Spanish local governments, and its determining factors, in the achievement of the SDG-6. The results indicate that the taxes associated with water supply and sanitation services, the private management of these services, population density, local government budget revenues, the income of the inhabitants of the municipality and the fragmentation of local governments are factors that can improve the evolution of the efficiency of Spanish local governments in achieving the SDG-6.

ACS Style

Pedro-José Martínez-Córdoba; Nicola Raimo; Filippo Vitolla; Bernardino Benito. Achieving Sustainable Development Goals. Efficiency in the Spanish Clean Water and Sanitation Sector. Sustainability 2020, 12, 3015 .

AMA Style

Pedro-José Martínez-Córdoba, Nicola Raimo, Filippo Vitolla, Bernardino Benito. Achieving Sustainable Development Goals. Efficiency in the Spanish Clean Water and Sanitation Sector. Sustainability. 2020; 12 (7):3015.

Chicago/Turabian Style

Pedro-José Martínez-Córdoba; Nicola Raimo; Filippo Vitolla; Bernardino Benito. 2020. "Achieving Sustainable Development Goals. Efficiency in the Spanish Clean Water and Sanitation Sector." Sustainability 12, no. 7: 3015.

Research article
Published: 06 April 2020 in Corporate Social Responsibility and Environmental Management
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Social innovation represents a social practice that aims to meet social needs by involving communities in dialogues through participatory and collaborative approaches. One new and particular solution of social innovation is represented by Urban Civic Networks. However, considering the novelty of this topic, neither the benefits nor the role of public entities in implementing such practice of social innovation, nor the strengths of the implementation process are known, yet. This study aims to fill this gap through the analysis of a single‐case study, based upon theories of social innovation and social change, referring to the City of Bari. Results show that implementation of Urban Civic Networks generates both tangible and intangible benefits and demonstrate that local government plays a pivotal and leading role in the implementation process. Finally, they show that the strengths of this practice are connected to bottom‐up approaches enabling efficient knowledge management and collaboration.

ACS Style

Alessandra Ricciardelli; Nicola Raimo; Francesco Manfredi; Filippo Vitolla. Urban Civic Network as practice of social change and innovation. A case‐study analysis. Corporate Social Responsibility and Environmental Management 2020, 27, 1989 -2003.

AMA Style

Alessandra Ricciardelli, Nicola Raimo, Francesco Manfredi, Filippo Vitolla. Urban Civic Network as practice of social change and innovation. A case‐study analysis. Corporate Social Responsibility and Environmental Management. 2020; 27 (5):1989-2003.

Chicago/Turabian Style

Alessandra Ricciardelli; Nicola Raimo; Francesco Manfredi; Filippo Vitolla. 2020. "Urban Civic Network as practice of social change and innovation. A case‐study analysis." Corporate Social Responsibility and Environmental Management 27, no. 5: 1989-2003.

Research article
Published: 27 March 2020 in Business Strategy and the Environment
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Integrated reporting (IR) is used to demonstrate a firm's capacity to create value in the short, medium, and long term. It can better represent existing relationships between the company and its stakeholders, with a particular focus on investors. Attention to IR has grown considerably in recent years. However, studies on the determinants of IR quality are still limited. This study aims to bridge this literature gap by being the first study to analyse the role of ownership structure in IR context. To this end, it uses agency theory and is based on a sample of 152 international companies that have adopted IR. The results indicate a positive effect of institutional ownership and a negative effect of ownership concentration, managerial ownership and state ownership on the quality of integrated reports. These results are also consistent with the level of alignment of integrated reports with the framework. To our knowledge, this is the first study that analyses the role of ownership structure in the IR policies.

ACS Style

Nicola Raimo; Filippo Vitolla; Arcangelo Marrone; Michele Rubino. The role of ownership structure in integrated reporting policies. Business Strategy and the Environment 2020, 29, 2238 -2250.

AMA Style

Nicola Raimo, Filippo Vitolla, Arcangelo Marrone, Michele Rubino. The role of ownership structure in integrated reporting policies. Business Strategy and the Environment. 2020; 29 (6):2238-2250.

Chicago/Turabian Style

Nicola Raimo; Filippo Vitolla; Arcangelo Marrone; Michele Rubino. 2020. "The role of ownership structure in integrated reporting policies." Business Strategy and the Environment 29, no. 6: 2238-2250.

Research article
Published: 17 December 2019 in Corporate Social Responsibility and Environmental Management
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Integrated reporting is the latest novelty in the corporate reporting field. It is a tool capable of better representing the capacity of companies to create value over time. In recent years, attention to this new reporting tool has grown in both professional and academic fields. However, despite past research that has analysed many aspects of integrated reporting, the integrated reporting quality and its determinants are still little explored. This study aims to fill this gap by analysing the effect of board characteristics on integrated reporting quality according to an agency theory approach. The findings, based on a sample of 134 international firms, show a positive relationship between the size, independence, diversity, and activity of a board with integrated reporting quality. This study contributes to enriching literature in this area in various ways. First, it broadens the scope of application of agency theory; second, it identifies further internal determinants of integrated reporting quality. This is the first study that analyses the impact of the characteristics of a board as a determining factor of integrated reporting quality.

ACS Style

Filippo Vitolla; Nicola Raimo; Michele Rubino. Board characteristics and integrated reporting quality: an agency theory perspective. Corporate Social Responsibility and Environmental Management 2019, 27, 1152 -1163.

AMA Style

Filippo Vitolla, Nicola Raimo, Michele Rubino. Board characteristics and integrated reporting quality: an agency theory perspective. Corporate Social Responsibility and Environmental Management. 2019; 27 (2):1152-1163.

Chicago/Turabian Style

Filippo Vitolla; Nicola Raimo; Michele Rubino. 2019. "Board characteristics and integrated reporting quality: an agency theory perspective." Corporate Social Responsibility and Environmental Management 27, no. 2: 1152-1163.

Journal article
Published: 12 November 2019 in Management Decision
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PurposeThe purpose of this paper is to understand the effect of the network contract (NC) on the internationalization of Italian firms to evaluate whether and how network characteristics, management perceptions and governance influence firms’ degree of internationalization (DOI).Design/methodology/approachBy using the data from a survey of 350 Italian firms that joined a network in 2012, hierarchical regression analyses were applied to test four hypotheses.FindingsNetwork size and diversity as well as management attitudes and perceptions influence firms’ exports. However, only network diversity is positively related to the number of markets in which firms operate. A positive direct effect of network diversity on network managers’ activities and a significantly indirect effect via network managers’ activities also exist.Practical implicationsNetwork diversity is crucial for achieving better results in foreign markets. Interacting with diverse network participants can help firms manage diversity, expressed in terms of information, resources and competencies, helping overcome the barriers that hinder the internationalization process. The presence of an efficient network manager should facilitate the achievement of firms’ internationalization objectives.Originality/valueThis research is one of the first studies to analyze the effects of an Italian NC on firms’ internationalization. From a theoretical standpoint, it adds to the literature a specific analysis that relates primarily to small firms, showing that, in this context, the results are not always consistent with those of prior studies.

ACS Style

Michele Rubino; Filippo Vitolla; Antonello Garzoni. Network contract and internationalization: evidence from Italian firms. Management Decision 2019, 57, 2911 -2939.

AMA Style

Michele Rubino, Filippo Vitolla, Antonello Garzoni. Network contract and internationalization: evidence from Italian firms. Management Decision. 2019; 57 (11):2911-2939.

Chicago/Turabian Style

Michele Rubino; Filippo Vitolla; Antonello Garzoni. 2019. "Network contract and internationalization: evidence from Italian firms." Management Decision 57, no. 11: 2911-2939.

Research article
Published: 03 September 2019 in Corporate Social Responsibility and Environmental Management
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Integrated reporting (IR) is considered an innovative and effective reporting tool that includes financial and nonfinancial information. Recently, there has been a heightened emphasis on IR from both academic and professional viewpoints. However, despite the importance of stakeholders in the practice of IR, their impact on the report drafting process has not been analysed in any study. Therefore, this study aims to fill this gap by analysing the relationship between stakeholders' pressure and IR quality. On the basis of the stakeholder theory, this study uses a regression model to demonstrate how the IR quality is significantly and positively associated with the stakeholders' pressures. Specifically, results of this study indicate that pressures from customers, environmental protection organizations, employees, shareholders, and governments determine the IR quality. To the best of our knowledge, this is the first study that investigates stakeholders' pressure as a determinant of IR quality.

ACS Style

Filippo Vitolla; Nicola Raimo; Michele Rubino; Antonello Garzoni. How pressure from stakeholders affects integrated reporting quality. Corporate Social Responsibility and Environmental Management 2019, 1 .

AMA Style

Filippo Vitolla, Nicola Raimo, Michele Rubino, Antonello Garzoni. How pressure from stakeholders affects integrated reporting quality. Corporate Social Responsibility and Environmental Management. 2019; ():1.

Chicago/Turabian Style

Filippo Vitolla; Nicola Raimo; Michele Rubino; Antonello Garzoni. 2019. "How pressure from stakeholders affects integrated reporting quality." Corporate Social Responsibility and Environmental Management , no. : 1.

Research article
Published: 02 September 2019 in Business Strategy and the Environment
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Integrated reporting is a new reporting tool that includes financial and nonfinancial information, which represents a natural evolution of the corporate reporting movement. Although this practice has gained increasing attention in recent years, both from an academic and professional perspective, the quality of the reports still represents a critical aspect due to inadequate investigation. Only a few studies have focused on integrated reporting quality, and contributions on the effects of quality have been even rarer. This study aims to investigate on the impact of integrated reporting quality on the firm's cost of equity capital, owing to the paramount importance of this parameter for firms and investors. Our results highlight that integrated reporting quality has a significantly negative association with the cost of equity capital, suggesting that integrated reporting quality represents an innovative way to reduce the cost of equity. To our knowledge, this is the first study that examines the relationship between integrated reporting quality and a firm's cost of equity.

ACS Style

Filippo Vitolla; Antonio Salvi; Nicola Raimo; Felice Petruzzella; Michele Rubino. The impact on the cost of equity capital in the effects of integrated reporting quality. Business Strategy and the Environment 2019, 29, 519 -529.

AMA Style

Filippo Vitolla, Antonio Salvi, Nicola Raimo, Felice Petruzzella, Michele Rubino. The impact on the cost of equity capital in the effects of integrated reporting quality. Business Strategy and the Environment. 2019; 29 (2):519-529.

Chicago/Turabian Style

Filippo Vitolla; Antonio Salvi; Nicola Raimo; Felice Petruzzella; Michele Rubino. 2019. "The impact on the cost of equity capital in the effects of integrated reporting quality." Business Strategy and the Environment 29, no. 2: 519-529.

Research article
Published: 17 May 2019 in Business Strategy and the Environment
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Integrated reporting (IR) is a new corporate‐reporting system that aims to represent the firm's value creation in the short, medium, and long term. In contrast to other disclosure systems focusing on non‐financial dimensions, including social and environmental aspects, IR is characterized by information connectivity. In recent years, integrated reporting has received increasing interest, both academic and professional. However, report quality is still a critical aspect of IR. Although several studies investigate IR, few focus on quality and its determinants. This study aims to fill this gap by investigating the impact of national culture, an external determinant, from a stakeholder theory perspective. The results show that IR quality is related to five dimensions of Hofstede—power distance, individualism, masculinity, and indulgence negatively and uncertainty avoidance positively. This study contributes to the relevant literature by analysing an additional factor that influences the quality of corporate reports, namely, national culture. This is the first study that investigates national culture as a determinant of integrated‐reporting quality.

ACS Style

Filippo Vitolla; Nicola Raimo; Michele Rubino; Antonello Garzoni. The impact of national culture on integrated reporting quality. A stakeholder theory approach. Business Strategy and the Environment 2019, 28, 1558 -1571.

AMA Style

Filippo Vitolla, Nicola Raimo, Michele Rubino, Antonello Garzoni. The impact of national culture on integrated reporting quality. A stakeholder theory approach. Business Strategy and the Environment. 2019; 28 (8):1558-1571.

Chicago/Turabian Style

Filippo Vitolla; Nicola Raimo; Michele Rubino; Antonello Garzoni. 2019. "The impact of national culture on integrated reporting quality. A stakeholder theory approach." Business Strategy and the Environment 28, no. 8: 1558-1571.

Research article
Published: 19 February 2019 in Corporate Social Responsibility and Environmental Management
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The diffusion of integrated reporting has encouraged academics to pay greater attention to this topic. Several studies have been conducted since the 2011 of the Discussion Paper “Towards Integrated Reporting: Communicating Value in the 21st Century” by the International Integrated Reporting Council. However, conflicting opinions and the wide range of extant studies underscore the need to better understand the current contributions in the field. Furthermore, the novelty of integrated reporting makes it necessary to define as yet unexplored fields in this research stream. To that end, we conduct a systematic review of the literature to classify the research according to normative and descriptive perspectives and identify an agenda that will be able to guide future studies. The review shows that the concept of value creation, internal and qualitative determinants, the content and quality of integrated reporting, and its impacts need further investigation.

ACS Style

Filippo Vitolla; Nicola Raimo; Michele Rubino. Appreciations, criticisms, determinants, and effects of integrated reporting: A systematic literature review. Corporate Social Responsibility and Environmental Management 2019, 26, 518 -528.

AMA Style

Filippo Vitolla, Nicola Raimo, Michele Rubino. Appreciations, criticisms, determinants, and effects of integrated reporting: A systematic literature review. Corporate Social Responsibility and Environmental Management. 2019; 26 (2):518-528.

Chicago/Turabian Style

Filippo Vitolla; Nicola Raimo; Michele Rubino. 2019. "Appreciations, criticisms, determinants, and effects of integrated reporting: A systematic literature review." Corporate Social Responsibility and Environmental Management 26, no. 2: 518-528.

Journal article
Published: 20 November 2018 in International Journal of Business and Management
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Integrated reporting is the new corporate reporting tool that includes financial and non-financial information in a single document. Although some studies describe the potential benefits of integrated reporting, this practice is still not widespread. One of the reasons for the limited diffusion is linked to the absence of empirical evidence that demonstrates the actual concreteness of these benefits for organizations that decide to adopt integrated reporting. This study analyses the process of adopting integrated reporting and the benefits associated with it through a case study. In particular, the case of Generali Group is analysed in the aim of highlighting the adoption path and the effects deriving from the implementation of integrated reporting in a context like the Italian one, still not very attentive to these issues. The findings show how the implementation of integrated reporting has been the result of a clear desire of top management and that the adoption of this practice has had a decidedly positive impact both from an internal and external point of view.

ACS Style

Filippo Vitolla; Nicola Raimo. Adoption of Integrated Reporting: Reasons and Benefits—A Case Study Analysis. International Journal of Business and Management 2018, 13, p244 .

AMA Style

Filippo Vitolla, Nicola Raimo. Adoption of Integrated Reporting: Reasons and Benefits—A Case Study Analysis. International Journal of Business and Management. 2018; 13 (12):p244.

Chicago/Turabian Style

Filippo Vitolla; Nicola Raimo. 2018. "Adoption of Integrated Reporting: Reasons and Benefits—A Case Study Analysis." International Journal of Business and Management 13, no. 12: p244.