Mattia Iotti

• PhD
• Professor (Associate) at University of Parma

Geographical indications (GIs), protected by the European Union with the collective marks of PDO (protected designation of origin), PGI (protected geographical indication), and TSG (traditional specialty guaranteed), play an important role in the social and economic system. They not only guarantee food needs, but promote correct consumer informatio...

Food geographical indications (GIs) protected by the European Union collective protection mark (CPM) have been the subject of a growing interest. Several research has analyzed the economic, social and environmental role of CPM, which require Production Specifications (PS), imposing constraints to food production, with side effects on performance an...

The biogas sector in Europe and Italy is attracting growing investment, combining agricultural activity, the circular economy, and renewable energy production. Firms in the sector widely use debt capital and, for this reason, there is a need to evaluate the structure of investments, financing, and debt service capacity calculated by applying intere...

Agricultural firms are characterized by significant investments, both in fixed capital and in working capital. To finance investments, in addition to equity capital, access to credit becomes essential. Concerning this topic, various researches have shown that agricultural firms have difficulty accessing credit, due to reduced average size of farms,...

In Italy, the agri-food system plays an important role in the national economy, for food security and in people's cultural traditions. Italy is world famous, consuming and exhibiting foods of particular quality and tradition, including processed tomatoes. However, companies in this sector are often small in size, and are affected by the crises in t...

Agri-food companies ensure food needs of consumers and play a role in protecting health, environment and local territories. For this reason, food and drinks protected by geographical collective marks products (PDO, PGI, TSG)are protected by the European Union. Research investigates Parma PDO Ham sector; in terms of turnover, it is the third Italian...

Agri-food companies play an economic, social, and environmental role. In Italy, the typical products protected by the European Union with the PDO and PGI marks are spread throughout the national territory, even in disadvantaged ones, and generate turnover, employment, and positive effects in related industries. These companies are often of medium o...

Protection of biodiversity and breeding of the black pig of Parma and of the Cinta Senese PDO in the Tuscan-Emilian Apennines The Italian Parliament adopted the legislation (National Law 1st December 2015, n. 194 ) called "Provisions for the protection and enhancement of biodiversity of agricultural and food interest" which implements the nationa...

Pork meat in Italy is one of the largest agri-food chains in Italy. In the swine production chain, slaughter plays an important role, because it has an impact on animal welfare, food safety and the sustainability of the agri-food chain. These companies also deal with pigs destined for typical Denomination of Origin products and therefore play an im...

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The tomato sector is a major area of agricultural activity in Italy; tomato production and processing characterize different Italian regions; in particular, there are two production districts, one in southern Italy and one in northern Italy, in the Po Valley. In recent years, processing firms have encountered increasing difficulties, due both to an...

The processed tomato is one of the major food products of Italy and characterized today many Italian Regions, in northern and southern Italy, even though the firms in the industry have had difficulties, in recent years, due to an increase in the cost of raw materials. Furthermore, tomato processing firms are often characterized by significant inves...

In the last decade, the general economic crisis has altered both the business management strategies, as consumer habits, in the sector of the wine. Firms have had to face a reduction in credit access capacity, given the financial crisis. In addition, firms have had to cope with increases in the payment extensions granted to customers and requests f...

Firms operating biogas plants are often characterized by making significant investments in fixed assets financed by equity and, mainly, financial debt. These firms have experienced significant growth in Italy, partly as a result of public contributions. The objective of the research is to analyze the management of biogas plant firms by analyzing an...

Investment in housing construction is an investment of major importance for families and, in Italy, is still the largest investment of most Italian families. In recent years, however, the housing market crisis has resulted in a reduction in trading volumes and investment in housing has been a sharp reduction in the domestic market. However, the Ita...

8TH AFE SAMOS - INTERNATIONAL CONFERENCE APPLIED FINANCIAL ECONOMICS . CONFERENCE PROCEEDING

The objective of this article is to develop and apply a specific discounting cash flow (DCF) approach to evaluate investment in renovation to improve building quality, thus increasing energy efficiency. In this article, we develop and apply a specific net present value (NPV) and an internal rate of return (IRR) approach to quantify the value create...

Firms operating in the highway sector in Italy are characterized by high investment and high capital intensity; these firms in fact manage public infrastructure, which requires investments in maintenance and fixed assets (FA). The highway sector in Italy has undergone increased concentration, which has reduced the number of firms operating, increas...

Investing in the main home is an important form of investment for families and represented one of the main family assets in Italy in the second half of the 20th century. The evaluation of the convenience of the house purchase needs to consider that technologies in construction have undergone a rapid change in recent times that proposes an approach...

Agricultural Firms operating in the aquaculture sector in Italy are often characterized by high investment and high capital intensity. In fact, these companies need to develop structures and breeding systems to generate adequate cash flow to repay their investment in fixed assets. In addition, the biological cycle of breeding further extends the ne...

In many Italian regions, firms operating in tomato industry have made significant investments in plants and machinery and often sell products to large food retail chains that require large stocks of inventory and have an average time of over 150 days for the payment of receivables. These management characteristics amplify capital requirements, in l...

Energy production using renewable energy has an effect on environmental sustainability and on public expenditure. In fact, this industry is heavily assisted by public support from the European Union and the Italian State. Developing and applying a method to evaluate the return on investment for companies operating in the field of renewable energy a...

The interest coverage ratios (ICRs) are frequently applied to evaluate the firms’ capacity to pay cost of debt and are even used as covenants in financing transactions. However, the traditional analysis of the ICRs only highlights the ability of firms to pay the cost of debt, not considering net financial position (NFP) repayment. ICRs analysis is...

The processed tomato is one of the major food products of Italy. It characterizes today many Italian regions in northern and southern Italy, even though the companies in the industry have had difficulties in recent years, due to an increase in the cost of raw materials. These difficulties have reduced profitability, in part because of the length of...

The Parma PDO ham sector in Italy is characterized by a great presence of Small and Medium Enterprises (SMEs) and by high absorption of capital to finance investments in fixed assets and working capital. In fact, the aging of pork leg results in high capital requirements for a period of at least 12 months. The study applies the methodology for the...

In the international literature, the subject of the analysis of the cost of production is often confined to the analysis of short-term convenience. However, the quantification of the cost of production per unit of product has a particular importance in the processing enterprises, especially in the initial phase of choice that concerns realization o...

Cooperatives are one of the most important types of companies in the agricultural sector. Cooperatives allow overcoming the limitations of the fragmentation of agricultural property, increasing the level of production of small-sized farms and selling the product so that it reaches a sufficient critical mass. Moreover, cooperatives are often charact...

In Italy, the territory that includes the Emilia-Romagna region, the southern areas of Lombardia and some of Piemonte's territory is a center of national importance for tomato production and transformation. The processing firms operating in this area are characterized by significant investments in fixed assets and working capital. The article analy...

Agricultural firms with bovine dairy livestock are characterized by high investments in capital equipment and this is determined by the biological cycle of production, which requires large investments in land, facilities and bovine herd. These large investments require funding from equity capital or debt capital, which generates financial costs. Th...

The aim of the research is to evaluate the differences between economic and financial results in a sample of micro enterprises (MEs) and small / medium sized enterprises (SMEs) in fruit and vegetables processing industry in Italy. The firms included in the sample operate in an industry characterized by high capital intensity; this character is caus...

The objective of this article is to improve the life cycle cost analysis (LCC) applied to food products of high quality certified with denomination of origin, in particular to the Parma PDO ham sector. The life cycle approach developed in the article does not take into account economic flows, as in the traditional literature of LCC, but considers c...

The Interest Coverage Ratios (ICRs) are ratios that are applied in various situations of life of the company; these ratios enable to evaluate the payment of the cost of debt and therefore are useful for the assessment of the sustainability of the business cycle and are used as covenants in financing transactions. The objective of this study is to e...

Il comparto del prosciutto di Parma Dop è caratterizzato dalla presenza di piccole e medie imprese e dall’elevato assorbimento di capitale per finanziare gli investimenti in attività immobilizzate e in capitale circolante. La stagionatura della coscia suina determina infatti un elevato impiego di capitale, per un periodo di almeno 12 mesi ed anche...

The interest coverage ratios (ICRs) are used to quantify the ability of firms to pay financial debts; ICRs are then considered by banks such as covenants in the financing term sheet, and are used by researchers and the rating agencies to estimate the probability of default of firms. Typically, ICRs calculation is based on profit margins, such as EB...

The interest coverage ratios (ICRs) are used to quantify the ability of firms to pay financial debts; ICRs are then considered by banks such as covenants in the financing term sheet, and are used by researchers and the rating agencies to estimate the probability of default of firms. Typically, ICRs calculation is based on profit margins, such as EB...

This article analyzes the industrial investments evaluation according to different approaches; we consider economic and financial approaches to the evaluation, in the short and medium / long time horizon. The article analyzes the characteristics and limitations of different evaluation approaches proposing some possible improving of the methodology:...

La valutazione degli investimenti industriali ha l'obiettivo di ana-lizzare la sostenibilità nel tempo dei progetti imprenditoriali e la loro convenienza, cioè l'attitudine a remunerare, adeguatamente, i portatori di capitale. In tale ambito il volume considera, attraverso un approccio multidisciplinare alla valutazione, gli aspetti di ana-lisi dei...

Pianificazione e controllo nelle aziende agro-alimentari: il caseificio cooperativo (di Giovanni Ferri, Mattia Iotti) - ABSTRACT: The article explains the possible application at the agro-food companies of the business administration and cost controls managing models. In fact, the little agro-food companies have to improve this managing methods in...

Le vicende dei discount in Italia (di Mattia Iotti) - ABSTRACT: The article explains the discount diffusion in Italy during the nineties, that was encoruaged by the loss of family income and the fall of Gross National Product. Moreover, in those years, it’s possible to find the sign of diffuculties of the local traditional product in staying in the...

Nella valutazione degli investimenti produttivi è possibile considerare tutte le fasi dell’investimento, partendo dalla progettazione sino alla dismissione, utilizzando alcuni indici di valutazione finanziaria Van, Reu, Pbpa (Trc), Tir (Sri) integrati con approfondimenti condotti attraverso la metodologia LCC. In particolare, la metodologia LCC per...