In this article we position outside directors´ contribution in the corporate value chain. Our objective is to show how outside board members may contribute to value creation through knowledge and accountability. We will also provide tools for outside board members to make contributions. The...

The Code - which is based on the need to provide Italy with a governance tool for unlisted family companies, on the background of the experience of other European countries and in the light of clear scientific evidence, proposes to go beyond the previous family governance models, in order to...

Research Question/Issue: The level and effectiveness of investors' protection is considered to foster financial markets development and economic growth. While previous studies focused on the relationship between the institutional setting and investors' protection at country level, we investigate...

What type of firms are more likely to survive or even thrive in disaster events such as earthquakes, wildfires, and the COVID-19 pandemic? We investigate whether family ownership and industry positioning affect firms’ ability to capture opportunities for business recovery after a natural...

This study explores board tasks performance. Boards of directors fulfil two main tasks: (i) monitoring managers and firm performance, and (ii) providing advice and access to resources. A growing stream of research endeavours to understand what enhances (constrains) boards' engagement into...

Estimating difference-in-differences models on a comprehensive dataset of Italian companies, we provide novel insights into the literature on political uncertainty and firm investment. We first establish that local political uncertainty leads to declining investment. Next, we show that family...

Italian Abstract: Il Codice – che nasce dalla necessità di dotare l'Italia di uno strumento per il governo delle Società non quotate a controllo familiare alla luce anche delle esperienze in atto in altri Paesi europei e delle evidenze scientifiche ormai chiare – propone di superare i...

This article examines the objective facets of CEO careers in family and non-family firms. Optimal matching analysis coupled with cluster analysis are used to show how careers are shaped by different factors in family and non-family firms. We have three central empirical concerns. First, are...