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Corporate financial statements address multiple stakeholders’ needs. International Financial Reporting Standards (IFRSs), among others, allow two different classifications, “by function of expense” and “by nature of expense”, for the statement of profit and loss and other comprehensive income for the period (from now on, also identified in short as “Income Statement”, or “IS”). XBRL standards ensure compliance and consistency in financial statements’ drafting and filing. XBRL taxonomies reflect the Income Statement IFRS disclosure requirement in the {310000} and {320000} codifications, respectively. Given the recent EU enhanced regulations that proposed extend mandatory ESG reporting to SMEs, this study aims to design and recommend an additional Income Statement to embed structured Environmental, Social, and Governance (ESG) disclosure. A restatement of the IS is organised following an adjusted Value-Added perspective to fit the purpose of sustainability disclosure. The above-mentioned Income Statement should be suitable and adaptable for entities of any size and operating in any industry. This goal can be achieved through customised input weighting. Therefore, this applied research can fill a current financial ESG disclosure gap, ensuring financial statements’ comparability and encouraging additional mandatory disclosures through standardisation. Two more items in the XBRL (IFRS-based) structure are suggested, leading to the introduction of one fully structured statement “{330000}—Statement of comprehensive income, profit or loss, by Added Value, ESG based” and a semi-structured “{814000}—Notes—ESG Ratings and Reporting” to better discuss and disclose the assumptions and results of the ESG Statement.
Alessio Faccia; Francesco Manni; Fabian Capitanio. Mandatory ESG Reporting and XBRL Taxonomies Combination: ESG Ratings and Income Statement, a Sustainable Value-Added Disclosure. Sustainability 2021, 13, 8876 .
AMA StyleAlessio Faccia, Francesco Manni, Fabian Capitanio. Mandatory ESG Reporting and XBRL Taxonomies Combination: ESG Ratings and Income Statement, a Sustainable Value-Added Disclosure. Sustainability. 2021; 13 (16):8876.
Chicago/Turabian StyleAlessio Faccia; Francesco Manni; Fabian Capitanio. 2021. "Mandatory ESG Reporting and XBRL Taxonomies Combination: ESG Ratings and Income Statement, a Sustainable Value-Added Disclosure." Sustainability 13, no. 16: 8876.
Dairy products play a significant role in the human diet, but they are often associated with high freshwater resource depletion. In Italy, the dairy sector represents more than 12% of the total turnover of the agri-food sector. Trentino Alto Adige is the first Italian region in terms of number of dairy farms, but it does not register a quantitatively consistent dairy production. Notwithstanding, it is characterized mostly by small-scale farms whose strengths are the Protected Designations of Origin and typical mountain productions. The present study aims at: (i) accounting for the virtual water VW of the main dairy products (milk, butter and cheese) produced in Trentino Alto Adige; (ii) estimating the renewable water resources based on the water flow assessment of the study area; (iii) assessing water sustainability comparing the virtual water consumption of the dairy sector at a regional level to the water availability. The findings show that the consumptive virtual water related to dairy production represents about 1% of the water availability in Trentino Alto Adige. Italy’s domestic dairy production is expanding to meet the growing demand, but the expansion of dairy farming in water-stressed regions should be avoided, preferring instead suitable mountain regions where small-scale farms represent a lively entrepreneurial substrate.
Pier Miglietta; Federica De Leo; Benedetta Coluccia; Yari Vecchio; Fabian Capitanio. Evaluation of Virtual Water and Water Sustainability of Dairy Production in Trentino Alto Adige (North-Eastern Italy). Animals 2021, 11, 1047 .
AMA StylePier Miglietta, Federica De Leo, Benedetta Coluccia, Yari Vecchio, Fabian Capitanio. Evaluation of Virtual Water and Water Sustainability of Dairy Production in Trentino Alto Adige (North-Eastern Italy). Animals. 2021; 11 (4):1047.
Chicago/Turabian StylePier Miglietta; Federica De Leo; Benedetta Coluccia; Yari Vecchio; Fabian Capitanio. 2021. "Evaluation of Virtual Water and Water Sustainability of Dairy Production in Trentino Alto Adige (North-Eastern Italy)." Animals 11, no. 4: 1047.
The aim of the present work was to investigate the consumers’ willingness to pay (WTP) for dairy products obtained by grazing animals or fed with a high forage/concentrate ratio diet. To this aim, a survey was carried out on Italian consumers in the Campania Region and data collected were analyzed both by simple descriptive statistics and by an econometric model. Our results highlight that young age, knowledge of milk properties, and a healthy lifestyle are extremely important components in determining a higher WTP.
Lorenzo Infascelli; Raffaella Tudisco; Piera Iommelli; Fabian Capitanio. Milk Quality and Animal Welfare as a Possible Marketing Lever for the Economic Development of Rural Areas in Southern Italy. Animals 2021, 11, 1059 .
AMA StyleLorenzo Infascelli, Raffaella Tudisco, Piera Iommelli, Fabian Capitanio. Milk Quality and Animal Welfare as a Possible Marketing Lever for the Economic Development of Rural Areas in Southern Italy. Animals. 2021; 11 (4):1059.
Chicago/Turabian StyleLorenzo Infascelli; Raffaella Tudisco; Piera Iommelli; Fabian Capitanio. 2021. "Milk Quality and Animal Welfare as a Possible Marketing Lever for the Economic Development of Rural Areas in Southern Italy." Animals 11, no. 4: 1059.
Many discussions following the 2007/08 food price crisis have revolved around the magnitude of the negative impacts that it may have had on food security worldwide. In South-Eastern Mediterranean countries (SEMC), food security is strongly interrelated with several key economic and political issues. Many of these countries are becoming increasingly import-dependent, particularly on cereals, which are the essential raw material for human and animal food and feed. Due to both their economic system structure and consumption, the SEMC are responsible for a third of world cereals imports, whereas they account for only 5% of the world population. Given the set of constraints and this dependence on global markets, SEMC will be probably more exposed to severe swings in agricultural commodity prices in the coming years. In this view, this study examines the dependence structure among global food grain markets and Morocco and provides flexible models for dependency and the conditional volatility GARCH. A copula-based GARCH model has been carried out to estimate the marginal distributions of Morocco and world cereals commodity price changes. The results revealed that the joint co-movement between agricultural commodity price changes around the world and in Morocco, are generally considerable and there exists asymmetric tail dependence.
Fabian Capitanio; Giorgia Rivieccio; Felice Adinolfi. Food Price Volatility and Asymmetries in Rural Areas of South Mediterranean Countries: A Copula-Based GARCH Model. International Journal of Environmental Research and Public Health 2020, 17, 5855 .
AMA StyleFabian Capitanio, Giorgia Rivieccio, Felice Adinolfi. Food Price Volatility and Asymmetries in Rural Areas of South Mediterranean Countries: A Copula-Based GARCH Model. International Journal of Environmental Research and Public Health. 2020; 17 (16):5855.
Chicago/Turabian StyleFabian Capitanio; Giorgia Rivieccio; Felice Adinolfi. 2020. "Food Price Volatility and Asymmetries in Rural Areas of South Mediterranean Countries: A Copula-Based GARCH Model." International Journal of Environmental Research and Public Health 17, no. 16: 5855.
The process of adopting innovation, especially with regard to precision farming (PF), is inherently complex and social, and influenced by producers, change agents, social norms and organizational pressure. An empirical analysis was conducted among Italian farmers to measure the drivers and clarify “bottlenecks” in the adoption of agricultural innovation. The purpose of this study was to analyze the socio-structural and complexity factors that affect the probability to adopt innovations and the determinants that drive an individual’s decisions. Preliminary results found high levels of adoption among younger farmers, those that had a high level of education, those with high intensity of information, with large farm sizes, and high labor intensity. A logit model was used to understand the role played by labor intensity and perceived in the adoption process. In light of the Common Agricultural Policy Reform post 2020, the findings suggest relevant policy implications, such as the need to increase awareness of PF tools and foster dissemination of information aimed at reducing the degree of perceived complexity.
Yari Vecchio; Giulio Paolo Agnusdei; Pier Paolo Miglietta; Fabian Capitanio. Adoption of Precision Farming Tools: The Case of Italian Farmers. International Journal of Environmental Research and Public Health 2020, 17, 869 .
AMA StyleYari Vecchio, Giulio Paolo Agnusdei, Pier Paolo Miglietta, Fabian Capitanio. Adoption of Precision Farming Tools: The Case of Italian Farmers. International Journal of Environmental Research and Public Health. 2020; 17 (3):869.
Chicago/Turabian StyleYari Vecchio; Giulio Paolo Agnusdei; Pier Paolo Miglietta; Fabian Capitanio. 2020. "Adoption of Precision Farming Tools: The Case of Italian Farmers." International Journal of Environmental Research and Public Health 17, no. 3: 869.
It is a stylized fact that the Italian farmers do not benefit of casual structure along value chain. Conversely, retailers could advantage of any positive shock price changes occurred in the wholesale supply chain. We investigate the presence of shock price vertical contagion in the Italian hog market, describing the dependence structure along the supply chain and assessing the degree of extreme value dependence. The approach followed is non linear and copula-based, applied on weekly data of hog price changes referred to Italian farm, wholesale and retail branch chain, over the period 1994-2015. In particular, the objective of the analysis consists in to obtain a measure of the relationship between extreme events of returns, estimating the tail dependence coefficients of copula functions involved in the analysis. The empirical findings highlight the asymmetry of price transmission along the hog Italian supply chain, more relevant for wholesale–retail pair.
Fabian Capitanio; Felice Adinolfi; Barry K. Goodwin; Giorgia Rivieccio. A COPULA-BASED APPROACH TO INVESTIGATE VERTICAL SHOCK PRICE TRANSMISSION IN THE ITALIAN HOG MARKET. New Medit 2019, 18, 3 -14.
AMA StyleFabian Capitanio, Felice Adinolfi, Barry K. Goodwin, Giorgia Rivieccio. A COPULA-BASED APPROACH TO INVESTIGATE VERTICAL SHOCK PRICE TRANSMISSION IN THE ITALIAN HOG MARKET. New Medit. 2019; 18 (1):3-14.
Chicago/Turabian StyleFabian Capitanio; Felice Adinolfi; Barry K. Goodwin; Giorgia Rivieccio. 2019. "A COPULA-BASED APPROACH TO INVESTIGATE VERTICAL SHOCK PRICE TRANSMISSION IN THE ITALIAN HOG MARKET." New Medit 18, no. 1: 3-14.
Risk management policy in agriculture has become particularly prominent nowadays, considering the evolution of the Common Agricultural Policy (CAP) and climate change. Moreover, the Word Trade Organization places constraints on it. In this context, (1) the aim is to analyze the causes of the loss of effectiveness of the Italian insurance system, unable to deal with the specific coverage demand from agriculture. (2) The analysis is carried out through the economic evaluation of convenience in adhering to the instruments offered by the insurance market to winegrowers in the Controlled and Guaranteed Denomination of Origin (DOCG) area of Conegliano-Valdobbiadene. (3) The study highlights that the subsidized coverage alone is not the most adequate measure of agricultural policy. Adhering to preferential programs implies the drafting of a supplementary insurance policy to minimize the loss function. (4) The current insurance system impasse demonstrates that the producer hardly accepts to policies which do not convert into an immediate income benefit. The European risk management regulation confirms its limits in terms of usefulness and efficiency of the agrarian policy. (5) The prediction of probabilistic increase of severe-weather patterns makes the search for innovative risk assessment models more urgent, models which can combine the different needs of stakeholders: farmers, insurance companies, and society.
Fabian Capitanio; Antonio De Pin. Measures of Efficiency of Agricultural Insurance in Italy, Economic Evaluations. Risks 2018, 6, 126 .
AMA StyleFabian Capitanio, Antonio De Pin. Measures of Efficiency of Agricultural Insurance in Italy, Economic Evaluations. Risks. 2018; 6 (4):126.
Chicago/Turabian StyleFabian Capitanio; Antonio De Pin. 2018. "Measures of Efficiency of Agricultural Insurance in Italy, Economic Evaluations." Risks 6, no. 4: 126.
Jean-Paul Chavas; Salvatore Di Falco; Felice Adinolfi; Fabian Capitanio. Weather effects and their long-term impact on the distribution of agricultural yields: evidence from Italy. European Review of Agricultural Economics 2018, 46, 29 -51.
AMA StyleJean-Paul Chavas, Salvatore Di Falco, Felice Adinolfi, Fabian Capitanio. Weather effects and their long-term impact on the distribution of agricultural yields: evidence from Italy. European Review of Agricultural Economics. 2018; 46 (1):29-51.
Chicago/Turabian StyleJean-Paul Chavas; Salvatore Di Falco; Felice Adinolfi; Fabian Capitanio. 2018. "Weather effects and their long-term impact on the distribution of agricultural yields: evidence from Italy." European Review of Agricultural Economics 46, no. 1: 29-51.
Martina Bozzola; Emanuele Massetti; Fabian Capitanio; Robert O. Mendelsohn. A Ricardian Analysis of the Impact of Climate Change on Italian Agriculture. SSRN Electronic Journal 2017, 1 .
AMA StyleMartina Bozzola, Emanuele Massetti, Fabian Capitanio, Robert O. Mendelsohn. A Ricardian Analysis of the Impact of Climate Change on Italian Agriculture. SSRN Electronic Journal. 2017; ():1.
Chicago/Turabian StyleMartina Bozzola; Emanuele Massetti; Fabian Capitanio; Robert O. Mendelsohn. 2017. "A Ricardian Analysis of the Impact of Climate Change on Italian Agriculture." SSRN Electronic Journal , no. : 1.
Fabian Capitanio; Elisa Gatto; Emanuele Millemaci. CAP payments and spatial diversity in cereal crops: An analysis of Italian farms. Land Use Policy 2016, 54, 574 -582.
AMA StyleFabian Capitanio, Elisa Gatto, Emanuele Millemaci. CAP payments and spatial diversity in cereal crops: An analysis of Italian farms. Land Use Policy. 2016; 54 ():574-582.
Chicago/Turabian StyleFabian Capitanio; Elisa Gatto; Emanuele Millemaci. 2016. "CAP payments and spatial diversity in cereal crops: An analysis of Italian farms." Land Use Policy 54, no. : 574-582.
At the global level, risk management tools are under discussion, in particular in the agricultural sector, in relation to its vulnerability to climatic...
A. Pontrandolfi; Fabian Capitanio; A.G. Pepe. Vulnerability of agricultural areas to climatic risk and effectiveness of risk management policy scheme in Italy. International Journal of Safety and Security Engineering 2016, 6, 150 -160.
AMA StyleA. Pontrandolfi, Fabian Capitanio, A.G. Pepe. Vulnerability of agricultural areas to climatic risk and effectiveness of risk management policy scheme in Italy. International Journal of Safety and Security Engineering. 2016; 6 (2):150-160.
Chicago/Turabian StyleA. Pontrandolfi; Fabian Capitanio; A.G. Pepe. 2016. "Vulnerability of agricultural areas to climatic risk and effectiveness of risk management policy scheme in Italy." International Journal of Safety and Security Engineering 6, no. 2: 150-160.
F. G. Santeramo; B. K. Goodwin; F. Adinolfi; Fabian Capitanio. Farmer Participation, Entry and Exit Decisions in the Italian Crop Insurance Programme. Journal of Agricultural Economics 2016, 67, 639 -657.
AMA StyleF. G. Santeramo, B. K. Goodwin, F. Adinolfi, Fabian Capitanio. Farmer Participation, Entry and Exit Decisions in the Italian Crop Insurance Programme. Journal of Agricultural Economics. 2016; 67 (3):639-657.
Chicago/Turabian StyleF. G. Santeramo; B. K. Goodwin; F. Adinolfi; Fabian Capitanio. 2016. "Farmer Participation, Entry and Exit Decisions in the Italian Crop Insurance Programme." Journal of Agricultural Economics 67, no. 3: 639-657.
Analysis of the Factors used by Farmers to Manage Risk. A Case Study on Italian Farms
Antonella Pontrandolfi; Fabian Capitanio; Felice Adinolfi; Barry Goodwin. Analysis of the Factors used by Farmers to Manage Risk. A Case Study on Italian Farms. American Journal of Applied Sciences 2016, 13, 408 -419.
AMA StyleAntonella Pontrandolfi, Fabian Capitanio, Felice Adinolfi, Barry Goodwin. Analysis of the Factors used by Farmers to Manage Risk. A Case Study on Italian Farms. American Journal of Applied Sciences. 2016; 13 (4):408-419.
Chicago/Turabian StyleAntonella Pontrandolfi; Fabian Capitanio; Felice Adinolfi; Barry Goodwin. 2016. "Analysis of the Factors used by Farmers to Manage Risk. A Case Study on Italian Farms." American Journal of Applied Sciences 13, no. 4: 408-419.
Jorgelina Di Pasquale; Eleonora Nannoni; Felice Adinolfi; Isabella Del Duca; Fabian Capitanio; Luca Sardi; Marika Vitali; Giovanna Martelli. A case-study on profiling Italian consumers of animal-friendly foods. Italian Journal of Animal Science 2016, 15, 294 -302.
AMA StyleJorgelina Di Pasquale, Eleonora Nannoni, Felice Adinolfi, Isabella Del Duca, Fabian Capitanio, Luca Sardi, Marika Vitali, Giovanna Martelli. A case-study on profiling Italian consumers of animal-friendly foods. Italian Journal of Animal Science. 2016; 15 (2):294-302.
Chicago/Turabian StyleJorgelina Di Pasquale; Eleonora Nannoni; Felice Adinolfi; Isabella Del Duca; Fabian Capitanio; Luca Sardi; Marika Vitali; Giovanna Martelli. 2016. "A case-study on profiling Italian consumers of animal-friendly foods." Italian Journal of Animal Science 15, no. 2: 294-302.
A globalised food trade, with a huge increase of the exchanged volume, extensive production and complex supply chains are contributing towards an increased number of microbiological food safety outbreaks. All of these factors are putting pressure on the stakeholders, either public or private, in terms of rule and control. In fact, this scenario could force manufacturers to be lenient towards food safety control intentionally, or unintentionally, and result in a major foodborne outbreak that causes health problems and economic loss. As a response to emerging calls for the adoption of a systemic approach to food safety, we try to identify and discuss the several related economics issue in this field. Based on an extensive analysis of academic and policy literatures on the economic effects of global environmental change at different stages of the food system, we highlight the main issues involving economists in the field of food safety. In the first part, we assessed the several approaches and problems related to the evaluation of food safety improvements, followed by an overview of drivers of food safety demand in the second part. The third section is devoted to discussing changes occurred at the institutional level in building and managing food safety policies. The last section summarises the main considerations aroused from the work.
Felice Adinolfi; Jorgelina Di Pasquale; Fabian Capitanio. Economic issues on food safety. Italian Journal of Food Safety 2016, 5, 5580 .
AMA StyleFelice Adinolfi, Jorgelina Di Pasquale, Fabian Capitanio. Economic issues on food safety. Italian Journal of Food Safety. 2016; 5 (1):5580.
Chicago/Turabian StyleFelice Adinolfi; Jorgelina Di Pasquale; Fabian Capitanio. 2016. "Economic issues on food safety." Italian Journal of Food Safety 5, no. 1: 5580.
Fabian Capitanio; Salvatore Di Falco; Raffaella Zucaro; David Zilberman. Italian Agriculture in the Context of Climate Change: The Role of Irrigation for Sustainable Development of Rural Areas. RIVISTA DI STUDI SULLA SOSTENIBILITA' 2015, 131 -152.
AMA StyleFabian Capitanio, Salvatore Di Falco, Raffaella Zucaro, David Zilberman. Italian Agriculture in the Context of Climate Change: The Role of Irrigation for Sustainable Development of Rural Areas. RIVISTA DI STUDI SULLA SOSTENIBILITA'. 2015; (2):131-152.
Chicago/Turabian StyleFabian Capitanio; Salvatore Di Falco; Raffaella Zucaro; David Zilberman. 2015. "Italian Agriculture in the Context of Climate Change: The Role of Irrigation for Sustainable Development of Rural Areas." RIVISTA DI STUDI SULLA SOSTENIBILITA' , no. 2: 131-152.
The paper aims to test the influence of agricultural extension services on the propensity of farms to adopt innovations: the relationship between use of agricultural extension services and innovation adoption in a sample of Italian farms are investigated by means of an econometric model. To emphasise territorial discrepancies, areas with different degrees of rurality and North/South differences are analysed. Our results confirm, on the one hand the goodness of the selected econometric model; on the other hand, they provide for useful nonnative prescriptions on how improve links between extension adoption and introduction of innovations.
Marcello De Rosa; Felice Adinolfi; Fabian Capitanio; Renato Salvatore. IMPACT OF AGRICULTURAL EXTENSION SERVICES ON INNOVATION ADOPTION IN ITALY. Journal of Extension Systems 2015, 30, 1 .
AMA StyleMarcello De Rosa, Felice Adinolfi, Fabian Capitanio, Renato Salvatore. IMPACT OF AGRICULTURAL EXTENSION SERVICES ON INNOVATION ADOPTION IN ITALY. Journal of Extension Systems. 2015; 30 (2):1.
Chicago/Turabian StyleMarcello De Rosa; Felice Adinolfi; Fabian Capitanio; Renato Salvatore. 2015. "IMPACT OF AGRICULTURAL EXTENSION SERVICES ON INNOVATION ADOPTION IN ITALY." Journal of Extension Systems 30, no. 2: 1.
Some 842 million people are estimated to have been suffering from chronic hunger in 2011–2013, according to the last UN estimations. This scenario is worsened by several contingent and structural factors of today’s world. The last years have been characterized by a trend of increasing market instability for agricultural market, illustrated by the commodities price volatility and the so-called food crisis in 2008. Volatility has a greater impact on developing countries and on the poorer, because it creates major import bill uncertainty. Currently 16 % of the world population use the opportunities of international trade to cover their demand for agricultural products. In the South Eastern Mediterranean countries (SEMC), food security is strongly interrelated with several key economic and political issues. Many of these countries are becoming increasingly import-dependent, particularly on cereals, which are the essential raw material for human and animal food and feed. The SEMC are responsible for 1/3 of world cereals imports, whereas they account for only 5 % of the world population. Given the set of constraints and this dependence on global markets, SEMC will be probably more exposed to severe swings in agricultural commodity prices in the coming years. This picture implicitly reveals the multidimensional nature of the concept of food insecurity and calls for a first general (and methodological) need, concerning the development of an integrated approach in measuring food insecurity, aimed to better explore the country—specific conditions.
Fabian Capitanio. Food Security in MPC’s. Cooperative Management 2015, 289 -310.
AMA StyleFabian Capitanio. Food Security in MPC’s. Cooperative Management. 2015; ():289-310.
Chicago/Turabian StyleFabian Capitanio. 2015. "Food Security in MPC’s." Cooperative Management , no. : 289-310.
Marcello De Rosa; Felice Adinolfi; Fabian Capitanio; Federica Paci; Denis Pantini. The role of culinary programs in the emergency of "distinct" consumers. 2015, 1 .
AMA StyleMarcello De Rosa, Felice Adinolfi, Fabian Capitanio, Federica Paci, Denis Pantini. The role of culinary programs in the emergency of "distinct" consumers. . 2015; ():1.
Chicago/Turabian StyleMarcello De Rosa; Felice Adinolfi; Fabian Capitanio; Federica Paci; Denis Pantini. 2015. "The role of culinary programs in the emergency of "distinct" consumers." , no. : 1.
The changing environment affects agriculture introducing sources of uncertainty. On the other hand, policies to cope with risks may have strong impacts on the environment. We evaluate the effects of public risk management programmes, such as subsidised crop insurance, fertilizer use and land allocation to crops. We implement a mathematical programming model of a representative wheat-tomato farm in Puglia, a southern Italy region. The results show that under the current crop insurance programmes, tomato productions are expected to expand and to require larger amount of fertilizer, whereas the opposite is true for wheat productions. Policy and environmental implications are discussed.
Fabian Capitanio; Felice Adinolfi; Fabio Gaetano Santeramo. Environmental implications of crop insurance subsidies in Southern Italy. 2015, 1 .
AMA StyleFabian Capitanio, Felice Adinolfi, Fabio Gaetano Santeramo. Environmental implications of crop insurance subsidies in Southern Italy. . 2015; ():1.
Chicago/Turabian StyleFabian Capitanio; Felice Adinolfi; Fabio Gaetano Santeramo. 2015. "Environmental implications of crop insurance subsidies in Southern Italy." , no. : 1.