Innovation Process: an Integrated Analysis of the Role played by Various Actors

User-Producer Familiarity and the Process of Technological Change: an agent based approach. Who orchestrates Publicly-Funded Research Networks? Assessing the Impact of External Search on the Innovative Performance of Firms in Danish Wind Power Industry.User-Producer Familiarity and the Process of Technological Change: an agent based approach. Who orchestrates Publicly-Funded Research Networks? Assessing the Impact of External Search on the Innovative Performance of Firms in Danish Wind Power Industry.LUISS PhD Thesi

Refraiming Subsidiarity Inquiry Form: From an "EU Value-Added" to an "EU non encroachment test"?: Some Insights From National Parliaments Reasoned Opinion

The principle of subsidiarity was introduced within European Treaties to prevent EU’s increasing competences from encroaching upon the power of lower levels of government. Nevertheless, the way in which the principle of subsidiarity has been operationalized (through so called “comparative efficiency test”) has decisively favored EU action, which is usually deemed to be the most suitable to achieve European objectives. This paper aims at assessing: first, if and to what extent national Parliaments, as national actors exercising their monitoring functions in the context of the early warning system, could reframe subsidiarity inquiry from a “comparative efficiency test” to a sort of “non encroachment (upon Member States) test”; second, if and to what extent Art. 4.2 TEU, aimed at protecting Member States national identities and essential State functions, could help in this respect. To this purpose, several national Parliament’s reasoned opinions mentioning the concept of national identities will be analysed.The principle of subsidiarity was introduced within European Treaties to prevent EU’s increasing competences from encroaching upon the power of lower levels of government. Nevertheless, the way in which the principle of subsidiarity has been operationalized (through so called “comparative efficiency test”) has decisively favored EU action, which is usually deemed to be the most suitable to achieve European objectives. This paper aims at assessing: first, if and to what extent national Parliaments, as national actors exercising their monitoring functions in the context of the early warning system, could reframe subsidiarity inquiry from a “comparative efficiency test” to a sort of “non encroachment (upon Member States) test”; second, if and to what extent Art. 4.2 TEU, aimed at protecting Member States national identities and essential State functions, could help in this respect. To this purpose, several national Parliament’s reasoned opinions mentioning the concept of national identities will be analysed.Refereed Working Papers / of international relevanc

The effectiveness of competition policy: an econometric assessment in developed and developing countries

The ultimate objective of the present paper is to empirically investigate the effectiveness of competition policy in developed and developing countries. Although its importance is continuously increasing, the effectiveness of competition policy still seems to lack the attention that it would deserve. At the present state of art, the number of academic contributions that attempts to estimate its impact on relevant economic variables appears very limited, in particular for the less developed countries. However, an empirical literature aimed at measuring in objective terms the effect of competition policy on economic growth is emerging, starting from narrow variables of interest, such as Gross Domestic Product and Total Factor Productivity. As a result, the principal aim of the current work is to contribute to this branch of research, focusing on broader indicators of market performance, in order to understand whether the presence of an antitrust authority has a significant impact, thus an effective utility, on the level of competition of a country.The ultimate objective of the present paper is to empirically investigate the effectiveness of competition policy in developed and developing countries. Although its importance is continuously increasing, the effectiveness of competition policy still seems to lack the attention that it would deserve. At the present state of art, the number of academic contributions that attempts to estimate its impact on relevant economic variables appears very limited, in particular for the less developed countries. However, an empirical literature aimed at measuring in objective terms the effect of competition policy on economic growth is emerging, starting from narrow variables of interest, such as Gross Domestic Product and Total Factor Productivity. As a result, the principal aim of the current work is to contribute to this branch of research, focusing on broader indicators of market performance, in order to understand whether the presence of an antitrust authority has a significant impact, thus an effective utility, on the level of competition of a country.Refereed Working Papers / of international relevanc

On the Idea of European Islam: Voices of Perpetual Modernity

Bassam Tibi – Political Justifications for Euro-Islam. Islam’s Predicament with Modernity. Cultural Modernity for Religious Reform and Cultural Change: towards Euro –Islam. Tariq Ramadan – Theologico-Political Justifications for European Islam. Renewing the Islamic Sources of Law: from Adaptation to Transformation. European Islam within Radical Reform. Tareq Oubrou and Abdennour Bidar – Theologico-Philosophic Justifications for European Islam. Tareq Oubrou: Geotheology and the Minoriticization of Islam. Abdennour Bidar: from Self Islam to Overcoming Religion. European Islam in Context: Renewal for Perpetual Modernity. European Islam and the Islamic Tradition: Revisionist-Reformist. Conceptualizing the Idea of European Islam: Overcoming Classical.Bassam Tibi – Political Justifications for Euro-Islam. Islam’s Predicament with Modernity. Cultural Modernity for Religious Reform and Cultural Change: towards Euro –Islam. Tariq Ramadan – Theologico-Political Justifications for European Islam. Renewing the Islamic Sources of Law: from Adaptation to Transformation. European Islam within Radical Reform. Tareq Oubrou and Abdennour Bidar – Theologico-Philosophic Justifications for European Islam. Tareq Oubrou: Geotheology and the Minoriticization of Islam. Abdennour Bidar: from Self Islam to Overcoming Religion. European Islam in Context: Renewal for Perpetual Modernity. European Islam and the Islamic Tradition: Revisionist-Reformist. Conceptualizing the Idea of European Islam: Overcoming Classical.LUISS PhD Thesi

Reflective Agreement: a Nonideal Approach to Political Justification

A Nonideal Account of Moral Justification. The Dilemma of Liberalism and Public Consensus. Reflective Agreement in Nonideal Theory. The Justification of Human Rights and the Same-sex Marriage Case.A Nonideal Account of Moral Justification. The Dilemma of Liberalism and Public Consensus. Reflective Agreement in Nonideal Theory. The Justification of Human Rights and the Same-sex Marriage Case.LUISS PhD Thesi

Anatomia della "relazione fiduciaria" tra amministratori e azionisti privi del diritto di voto: ragioni di un insuccesso negli Stati Uniti e in Italia

This paper purports that the fiduciary relationship between shareholders and directors is the key for (understanding) corporate governance. In order to demonstrate the fundamental importance of such element, we first develop a comprehensive and innovative theory of fiduciary relationship: in our view, its main characteristic, which distinguishes it from (other) contractual relationships, is that the fiduciary is responsible for the selection and the ensuing management of the beneficiary's interests. Remedies, in turn, are necessary to ensure that the decisions of the fiduciary will be consistent with the interests of the beneficiary. Damages (and disgorgement) for conflict of interests are only one of the two ways by which the effectiveness of fiduciary duties is guaranteed: the right to dismiss the fiduciary, indeed, is the ultimate sanction enabling control of the fiduciary by the principal. The paper then applies this model to the corporate scenario. In such a peculiar environment (i.e. that of listed companies), the most important tool that the beneficiary (i.e. the shareholders, residual claimants) has to protect himself against the fiduciary (i.e. the management) abusing his power is the right to vote (for appointment and termination). Therefore, given that companies are allowed to issue nonvoting shares, the analysis is finally devoted to understanding why a rational investor should buy such shares, being his fiduciary relationship with the directors altered, The paper, thus, compares the history, the financial implications, and the substantive law of a particular kind of nonvoting shares issued in the US and in Italy: the preferred and the so-called “savings” shares ("azioni di risparmio"). However, we show that empirical data confirm that such instruments are not successful. This suggests that voting rights are, for a variety of reasons, much more appealing to investors when they decide to risk their money in the market. It is our belief, and conclusions, that both preferred and "savings" shares are not popular because they alter the physiological fiduciary relationship between shareholders and directors in the corporate context.This paper purports that the fiduciary relationship between shareholders and directors is the key for (understanding) corporate governance. In order to demonstrate the fundamental importance of such element, we first develop a comprehensive and innovative theory of fiduciary relationship: in our view, its main characteristic, which distinguishes it from (other) contractual relationships, is that the fiduciary is responsible for the selection and the ensuing management of the beneficiary's interests. Remedies, in turn, are necessary to ensure that the decisions of the fiduciary will be consistent with the interests of the beneficiary. Damages (and disgorgement) for conflict of interests are only one of the two ways by which the effectiveness of fiduciary duties is guaranteed: the right to dismiss the fiduciary, indeed, is the ultimate sanction enabling control of the fiduciary by the principal. The paper then applies this model to the corporate scenario. In such a peculiar environment (i.e. that of listed companies), the most important tool that the beneficiary (i.e. the shareholders, residual claimants) has to protect himself against the fiduciary (i.e. the management) abusing his power is the right to vote (for appointment and termination). Therefore, given that companies are allowed to issue nonvoting shares, the analysis is finally devoted to understanding why a rational investor should buy such shares, being his fiduciary relationship with the directors altered, The paper, thus, compares the history, the financial implications, and the substantive law of a particular kind of nonvoting shares issued in the US and in Italy: the preferred and the so-called “savings” shares ("azioni di risparmio"). However, we show that empirical data confirm that such instruments are not successful. This suggests that voting rights are, for a variety of reasons, much more appealing to investors when they decide to risk their money in the market. It is our belief, and conclusions, that both preferred and "savings" shares are not popular because they alter the physiological fiduciary relationship between shareholders and directors in the corporate context.LUISS PhD Thesi

Intergovermentalism and its Outcomes: the Implications of the Euro Crisis on the European Union

The euro crisis has brought to the crisis of the intergovernmental EU not of the EU as such. The Lisbon Treaty in fact has institutionalized a dual constitution, supranational in the single market’s policies and intergovernmental in (among others) economic and financial policies. The extremely complex system of economic governance set up for answering the euro crisis has been defined and implemented on the basis of the intergovernmental constitution of the EU. The euro crisis has thus represented a test for testing the validity of the intergovernmental constitution of the Lisbon Treaty. Although the measures adopted in the period 2010-2012, consisting both of legislative decisions and new intergovernmental treaties, are of an unprecedented magnitude, they were nevertheless unable to promote effective and legitimate solutions for dealing with the financial crisis. In the context of an existential challenge, the intergovernmental approach faced a structural difficulty in solving basic dilemmas of collective action.The euro crisis has brought to the crisis of the intergovernmental EU not of the EU as such. The Lisbon Treaty in fact has institutionalized a dual constitution, supranational in the single market’s policies and intergovernmental in (among others) economic and financial policies. The extremely complex system of economic governance set up for answering the euro crisis has been defined and implemented on the basis of the intergovernmental constitution of the EU. The euro crisis has thus represented a test for testing the validity of the intergovernmental constitution of the Lisbon Treaty. Although the measures adopted in the period 2010-2012, consisting both of legislative decisions and new intergovernmental treaties, are of an unprecedented magnitude, they were nevertheless unable to promote effective and legitimate solutions for dealing with the financial crisis. In the context of an existential challenge, the intergovernmental approach faced a structural difficulty in solving basic dilemmas of collective action.Refereed Working Papers / of international relevanc

Bringing Bounded Rationality Back in: a Behavioral Approach to Incentive Systems, Organizational Design, and Social Interactions in Organizations

The Principal's Theory of Mind: The Role of Mentalizing for Reward Design and Management in Principal-Agent Relations (with Foss, N.J.). Motivating Knowledge Sharing when Rewards are Ambiguous: the Role of Complementary Motivators (with Foss, N. J., Pedersen, T., and Reinholt, M.). Physical Separation in the Workplace: Separation Cues, Sensemaking, and Behavioral Responses (with Foss, N. J., and Christensen, P. H.). Organizational Design and the Credibility of Delegated Decision Rights (with Foss, K., and Foss, N. J.). Network Size and Prosocial Behavior: Taking Bounded Rationality into Account (with Foss, N. J., and Pedersen, T.). Brokerage and Creativity: A Bounded Rationality Perspective (with Pedersen, T.).The Principal's Theory of Mind: The Role of Mentalizing for Reward Design and Management in Principal-Agent Relations (with Foss, N.J.). Motivating Knowledge Sharing when Rewards are Ambiguous: the Role of Complementary Motivators (with Foss, N. J., Pedersen, T., and Reinholt, M.). Physical Separation in the Workplace: Separation Cues, Sensemaking, and Behavioral Responses (with Foss, N. J., and Christensen, P. H.). Organizational Design and the Credibility of Delegated Decision Rights (with Foss, K., and Foss, N. J.). Network Size and Prosocial Behavior: Taking Bounded Rationality into Account (with Foss, N. J., and Pedersen, T.). Brokerage and Creativity: A Bounded Rationality Perspective (with Pedersen, T.).LUISS PhD Thesi

Top Management Teams in Family Business: the Role of Non Family Managers

Conceptual framework and literature. The empirical setting: TMTs in italian furniture family firms. TMT diversity at work. The role of non family managers in family business: results from a survey. Diversity among non-family managers in family business: a team-level contingency analyses.Conceptual framework and literature. The empirical setting: TMTs in italian furniture family firms. TMT diversity at work. The role of non family managers in family business: results from a survey. Diversity among non-family managers in family business: a team-level contingency analyses.LUISS PhD Thesi

Digital Platforms as Sources for Organizational and Strategic Transformation: A Case Study of the Midblue Project

The paper is centered on the role of technology and specifically of IT in the recombination of the factors of production. Particularly, the objective is to see how this technology contributes to the formulation of business strategies, the outlining of organizational structures and the alignment with the business environment. A theoretical framework is proposed that combines three perspectives. The first perspective stresses the importance of digital architectures in the modalities through which firms organize for innovation. Second, organization as a platform outlines a scenario for generating multiple organizational forms based on recombination of existent resources, routines and transactions. Third, digital platforms are seen as determinant tools for a dematerialization process that consents to recombine the factors of production for achieving a competitive advantage. The Midblue project provides an illustrative example of how strategy, structure and information technology co-evolve in organizations and how digital platforms can trigger transformation at both strategic and organizational levels.The paper is centered on the role of technology and specifically of IT in the recombination of the factors of production. Particularly, the objective is to see how this technology contributes to the formulation of business strategies, the outlining of organizational structures and the alignment with the business environment. A theoretical framework is proposed that combines three perspectives. The first perspective stresses the importance of digital architectures in the modalities through which firms organize for innovation. Second, organization as a platform outlines a scenario for generating multiple organizational forms based on recombination of existent resources, routines and transactions. Third, digital platforms are seen as determinant tools for a dematerialization process that consents to recombine the factors of production for achieving a competitive advantage. The Midblue project provides an illustrative example of how strategy, structure and information technology co-evolve in organizations and how digital platforms can trigger transformation at both strategic and organizational levels.Articles published in or submitted to a Journal without IF refereed / of international relevanc