Silvia Testarmata

• PhD in Public Management and Governance
• Professor (Associate) at Maria SS. Assunta University of Rome

The Non-financial Reporting Directive (2014/95/EU) has the main purpose of enhancing the consistency and comparability of NFR. However, the high flexibility the NFR Directive allows to companies in providing NFI seems to go against the main aim of comparability, because companies can rely on a wide range of reporting frameworks and guidelines. Thus...

Nowadays the fourth industrial revolution, called “Industry 4.0” (I4.0) is profoundly changing the entire systems of production, management, and governance. Emerging smart technologies are the key enabling technologies involved in the I4.0. In this chapter we briefly examine, through a systematic literature review, the state of the art in the area...

This study reviews the emerging field of mandatory disclosure of non-financial information ( ) to develop insights into how research is developing, to offer a critique of the research to date, and to outline future research opportunities. The authors find that most published research presents normative arguments for and there is little research exa...

Purpose The purpose of this paper is to strive to close the current research gap pertaining to potential implications of the blockchain (BC) for sustainable business models (SBMs) in the agri-food industry. Design/methodology/approach To answer the research question, the authors utilised the Value Triangle framework by Biloslavo et al. (2018) in o...

This chapter deals with the new European Union Directive 2014/95 on non-financial and diversity information (NFI Directive). The aim of the study is to explore the transposition of the NFI Directive in the leading European countries to understand what and how non-financial information is reported and verify whether the flexibility given to Member S...

This chapter reviews the field of Shared Value ( ) to develop insights into how research is developing, offer a critique of the research to date, and outline future research opportunities. The authors find that most published research presents normative arguments for and there is little research examining in practice. Thus, the authors call for mor...

The paper empirically explores how firms’ Corporate Social Responsibility (CSR) disclosure varies according to their ownership structure. Three different kinds of ownership structures are considered: family firms (FFs), state-owned firms (SOFs) and firms with dispersed ownership (DOFs). It is the first study examining the relationship between CSR d...

While more and more businesses incorporate sustainability in their core business strategy, there has recently been a shift from corporate social responsibility (CSR) to the notion of creating shared value (CSV). This thesis investigates the emergence of new hybrid enterprises and innovative business models. Starting from a literature review about C...

Corporations are rapidly expanding their use of social media in corporate disclosure, and many firms are now entering into a virtual dialogue with stakeholders to communicate their economic, social and environmental impacts on society. However, the use of social media as a form of dissemination in communicating corporate social responsibility still...

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...

Recently many European countries have incurred crises in public finance despite the fact that EU institutions have pushed the national governments toward the sustainability of public finance with compulsory and voluntary rules regarding fiscal governance. This paper investigates the relations between the quality of fiscal governance and the financi...

This study investigates the impact of stock option plans, defined as share-based incentive contracts provided by companies to their employees, on the value relevance of accounting information. The purpose of this study is to analyse the extent to which the value relevance of accounting information is affected by the adoption of stock option plans....

La ricerca si propone di analizzare il processo di liberalizzazione del mercato europeo dell’energia elettrica e del gas naturale e il suo impatto sull’industria europea dell’energia. Partendo dalla definizione del concetto di servizio di pubblica utilità, lo studio ripercorre l’evoluzione dei servizi pubblici in Europa dalle origini fino ai nostri...

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....

Stemming from value relevance research, this study investigates the ability of accounting and financial data to provide useful information about the economic value of the firm in trouble waters. Because the firm is at the center of a network of interests of many stakeholders, that put some expectations on it, the investors requires useful financial...

La ricerca concentra l’attenzione sullo studio dell’evoluzione delle strategie che hanno caratterizzato lo sviluppo delle local utility europee nel corso dell’ultimo decennio. L’analisi si sofferma sulle local utility operanti nel settore dell’energia elettrica e del gas naturale e delinea i modelli di business emergenti nell’industria europea dell...

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 diffusion of public agencies seems to characterize the European approach to public management. We analyze the governance mechanisms and, according to agency theory, the related accountability requirements in order to investigate if there is a conflict between public agency autonomy and political targets achievement. According to a multiple case...

New Public Management calls for a clear division between politics and the administration, where the former undertakes strategic planning and defines economic targets and the latter is responsible for public service management. In this context, the agency theory underlines a risk of incoherence between administrative action and political target achi...

The diffusion of Public Agencies seems to characterise the approach to public management in European countries. Under New Public Management, the role of politics is to provide strategic planning and economic policy target defini-tion, whereas the administration is responsible for the management of public services. Moreover, the separation between p...

The European energy sector has gone through a period of significant change since the 1980s. External factors such as regulation, market competition, and technological innovation, as well as internal factors such as ownership, corporate governance, and culture, have affected the strategic positioning of local utilities providers. In this context, th...

Recent studies and events on immigration highlight the strategic importance of an immigration management. The paper aims at emphasizing that a possible solution is to adopt a multilevel governance perspective which focuses on the main actors and processes involved in the immigration management. Starting from the structural characteristics of this p...