Emiliano Di Carlo

University of Rome Tor Vergata | UNIROMA2 · Department of Management and Law

It's been a little over 50 years (September 13, 1970) since the New York Times published the article by the future Nobel of economics Milton Friedman, entitled "The social responsibility of business is to increase its profits". On the 50th anniversary there were many articles aimed at contributing to the current lively debate on the finalism of the...

An integrative model of ethical justifications in organizations is proposed. The model recognizes the roles of psychological and non-psychological factors on the link between ethical theories and the ethical reasoning and, consequently, on the way operators justify themselves when accused of being against (or not favoring) the good of the company....

Il fine di questa carta costituzionale è di diffondere una cultura aziendale che possa orientare, verso il bene comune, la governance e la gestione di qualsiasi tipologia di azienda (imprese, amministrazioni pubbliche e non-profit). La carta nasce nel periodo di pandemia Covid-19 e risente dei numerosissimi spunti di riflessione avuti, nel corso di...

Questo documento nasce nel periodo di pandemia Covid-19 e risente dei numerosissimi spunti di riflessione avuti, nel corso di circa 20 anni, nell’ambito della ricerca scientifica, della formazione universitaria e aziendale, e della consulenza. Il contenuto è quindi indirizzato a coloro che vogliono contribuire concretamente al bene comune, migliora...

The innumerable cases of opportunistic behavior by directors, managers, and employees, primarily the various forms of corruption, have shown that neglecting conflicts of interest (CoI) situations can have important negative effects on the organizations involved, undermining, in some cases, their survival and development, as well as creating harmful...

Il presente studio intende esplorare quali possono essere le giustificazioni degli individui quando sono accusati di essersi posti contro (o non aver favorito) il bene dell’azienda, al fine di fornire possibili raccomandazioni volte a prevenirle. Il lavoro intende dare, tra l’altro, un contributo alla letteratura che si occupa dei comportamenti che...

Per una cultura aziendale della buona governance e della buona gestione che orienti verso il bene comune * A cura di EMILIANO DI CARLO II Edizione (Novembre 2020) 1. Sono aziende, in senso economico-aziendale, le imprese, le amministrazioni pub-bliche e le organizzazioni non-profit a. L'azienda è un'organizzazione che svolge un'attività avente come...

Il libro vuole dare un contributo a coloro che si occupano di CdI e condotte devianti nell’ambito delle organizzazioni produttive di varia natura. Inoltre, esso è rivolto anche chi intende sviluppare competenze per individuare, valutare e affrontare i CdI in qualsiasi tipologia di azienda, e al tempo stesso diffondere una cultura di prevenzione del...

Il documento rappresenta un appendice del libro: E. Di Carlo, Il conflitto di interessi nelle aziende, Giappichelli, 2020

Mentre i business model ed i sistemi di corporate governance tradizionali mettono in tensione i fini economici ed i fini sociali, l'emergenza Covid-19 rivaluta il principio personalistico dell'uomo non come strumento ma come fine in sè e quello del bene comune. In questo quadro l'impresa va vista come una comunità orientata a perdurare nel tempo an...

The normative stakeholder theory is the most appealing approach for business in order to achieve the SDGs and an ethical corporate social responsibility (CSR). However, the incentives for managers to follow a normative rather than an instrumental approach to stakeholders’ management are unclear. Indeed, in both cases they have the duty to satisfy s...

According to the entity theory, the firm is a real person interested in survival and growth quantitatively and qualitatively. However, the literature is often vague and ambiguous for what concern the conditions to achieve for the survival and growth, as well as the modalities through which find the right compromise between continuity (or long-term...

This book explains how the traditional paradigm of private and public organizations is changing as a result of the multiple factors that are affecting the way in which goods and services are produced, and for whom they are produced. In view of these disruptive trends, the theory of the firm needs to be updated and to some extent rethought. Moreover...

The aim of this chapter is to enter into the debate on the objective of the firm and more in general of the organizations, in order to discuss the contribution that the Italian doctrine Economia Aziendale (EA) can give to this debate and to the sustainable economic development. To this end, it is pro-posed the concept of primary interest of the org...

The financial crisis of 2008 and the introduction of the Interlocking Ban in 2011 (for financial firms) deeply influenced the Italian corporate governance system. The aim of the present study is to investigate to what extent personal ties among the directors of Italian listed companies have changed after these two events. We describe the evolution...

A distanza di circa dieci anni dall’inizio della crisi finanziaria, iniziata negli USA nell’agosto 2007 per poi contagiare il resto del mondo e divenire globale, il presente lavoro intende inserirsi nel dibattito sul finalismo aziendale, per due ordini di motivi. Il primo è quello di leggere gli eventi che hanno caratterizzato questi ultimi anni, i...

The scandals and corporate failures combined with the global financial crisis that, at least in part, from the former found its origin, feed the economic, political, social and academic debate on what should be the objective (or purpose) of the firm. This consciousness has led many scholars and practitioners to criticize the theories that have been...

Scholars have sought various ways to find out how financial performance of the firm can be affected by its business model (BM). However, to date academic literature has focused attention on the “firm” as a unit of analysis without clearly defining the boundaries of the reporting entity to which the BMs refer. The aim of this paper is to investigate...

This paper investigates the relationship between ownership and corporate social disclosure (CSD) with the aim of answering the following research questions: Can the affiliation of listed companies in a wider business group influence their CSD? Do the affiliated listed companies have CSDs similar to each other and/or to their parent company? If the...

This paper uses a multiple case study analysis of ten Italian business groups controlled by families to answer the following research questions: Does the controlling shareholder, through the parent company at the top of the pyramidal group, always exercise the direction activity of the subsidiaries? If not, why does the parent company not exercise...

Purpose – Under IAS 24 a related party transaction (RPT) is a “transfer of resources, services or obligations between related parties, regardless of whether a price is charged” (IASB). The purpose of this paper is to consider the interest of the business group and the directing activity of the parent company for the interpretation of the RPT. Consi...

Interpretare le operazioni con parti correlate: importanza della disclosure delle motivazioni sottostanti e delle procedure di approvazione del Dott. EMILIANO DI CARLO ABSTRACT: (INTERPRETING THE RELATED PARTY TRANSACTIONS: IMPORTANCE OF THE DISCLOSURE OF THE REASONS BEHIND AND OF THE APPROVAL PROCEDURES): According to IAS 24 a transaction with a r...

Often codes of ethics require dealing with conflict of interest (CoI) without defining the boundaries of the phenomenon. In this case, CoI recognition is left to the discretion of the individual. The aim of this work is to answer to the following research questions: How much is really known about the meaning of the term CoI? Do individuals share th...

Codes of ethics aims to disclose corporate social responsibility and to promote ethical culture throughout the firms. Several studies have investigated the content of such codes to identify what values are declared within. However, so far literature on codes of ethics seems not to have considered adequately the question of environmental protection....

The paper focuses on listed companies controlled by other (listed or not listed) entities. The decision-making power of listed subsidiarys boards could be strongly influenced by (or instead could be autonomous from) the parent companies board. However, so far literature on corporate governance seems not to have considered adequately this aspect as...

We propose a definition of directors' conflict of interests (CoI) by critically reviewing the academic literature. Then, we present an exploratory study, based on a content analysis of the leading Italian listed companies that sought to empirically assess the directors' CoI definitions provided by corporate codes of ethics. We found that despite th...

The analysis of previous studies oncerning corporate governance shows that some variables related to board behavior have not been properly taken into account. The paper analyses board of directors in its decision-making process highlighting the importance that a clear identification of conflict could have on board effectiveness. It emerges that con...

Considering the growth of global economy and the high competitiveness internationalization process seems to be more important for family businesses. The internationalization theories are often related to the most appropriate tool for their feasibility. Also internationalization strategies need high financial resources that small family businesses o...

Il presente contributo indaga circa l’attuale rapporto tra sistema finanziario e imprese in Italia, avuto riguardo delle specifiche implicazioni del rapporto per la competitività del Sistema Paese. Nel contributo, in particolare, l’oggetto d’indagine viene affrontato traendo spunto dalle più rilevanti posizioni in argomento espresse durante la sess...