Papers by annarita trotta
Socio-economic planning sciences, Jun 1, 2024
Research in International Business and Finance, 2019
This paper aims at implementing a framework able to support the evaluation of an Social Impact Bo... more This paper aims at implementing a framework able to support the evaluation of an Social Impact Bond (SIB), integrating a financial evaluation with a social evaluation and starting from a measurement of the social uncertainty linked to an SIB programme. Following a literature review that identifies several different facets related to the definitions of social uncertainty, a quantitative scoring system to conceptualize social uncertainty in SIBs was developed using the Serrano-Cinca methodology. The first results encourage further research and propose suggestions and implications for scholars and practitioners 1. Introduction Recent research on social finance (SF) is attracting the interest of scholars, practitioners and policy actors. As stated by Weber (2012, 3), SF is "an umbrella term for financial products and services that strive to achieve a positive social, environmental or sustainability impact". In the SF spheres, Impact Investing is increasingly acknowledged both in academia and public debate (see,
Public money and management/Public money & management, Jun 11, 2024
International journal of economics and finance, Jun 1, 2013
This paper explores the nature of the relationship between corporate reputation and corporate soc... more This paper explores the nature of the relationship between corporate reputation and corporate social responsibility in the banking industry. The results of our systematic literature review demonstrate that finding commonly accepted definitions and generally established metrics of corporate reputation and corporate social responsibility in the banking sector is still problematic.
Journal of modern accounting and auditing, Feb 1, 2012
This paper presents a comparative qualitative analysis of reputational crisis of four European ba... more This paper presents a comparative qualitative analysis of reputational crisis of four European banks, and explores how in recent years these companies have faced the manifestation of reputational risk. To achieve this, the research follows three related steps: (1) to carry out a review of the literature on reputational risk in the banking sector aimed to identify the relationships between causes, effects, stakeholders, and key qualitative-quantitative variables involved during the reputational crisis of a bank; (2) to propose a conceptual framework for management of reputational risk (and reputational crisis) in banking; (3) to test this framework with the results of an empirical analysis, carried out through the observation of key variables of some reputational crisis of international banks. The main results show that: (1) the banks are not yet prepared to accurately manage a reputational crisis or to prevent them; (2) the reputational crisis is determined by several internal and external factors; (3) the conduct of the managers and the corporate communication are very important to overcome a reputational crisis. Finally, this research provides indications that will help banks to better manage their corporate reputation and prevent reputational crisis.
Following the sub-prime crisis, Corporate Social Responsibility (CSR) and Corporate Reputation (C... more Following the sub-prime crisis, Corporate Social Responsibility (CSR) and Corporate Reputation (CR), have been receiving increasing attention from academics and practitioners, especially in the banking sector. In this context, our paper intends to: 1) carry out a review of prior studies both on reputation and CSR of banks, in order to identify determinants and dimensions of such concepts; 2) to explore the relationship between CR and CSR within the banking services; 3) to propose a conceptual framework aimed at clarifying how responsibility and reputation interact with all stakeholders of banks. Methodology approach The methodology adopted is a review process of literature, based on three stage procedure: data collection, data analysis and data synthesis. Our study follows a logical inductive approach that is an essential part of scientific reasoning and of academic research, especially in studies of management (Marshall and Rossman, 1999). Findings The paper identifies two main findings. Firstly, it argues that CSR is an important reputational driver, able to create economic value over time. The second finding is the bi-directional relationship that links CSR to the CR of banks, which is very important in satisfying all stakeholders expectations. Originality/value The value added of our research concerns the proposal of a theoretical model through which: a) understanding connections, dissimilarities and logical implications between CSR and CR, b) integrating CSR and CR approaches in the banking services and c) strengthening all stakeholders' relationships.
Social Science & Medicine, 2014
This paper explores the performance dimensions of Italian teaching hospitals (THs) by considering... more This paper explores the performance dimensions of Italian teaching hospitals (THs) by considering the multiple constituent model approach, using measures that are subjective and based on individual ideals and preferences. Our research replicates a study of a French TH and deepens it by adjusting it to the context of an Italian TH. The purposes of this research were as follows: to identify emerging views on the performance of teaching hospitals and to analyze how these views vary among hospital stakeholders. We conducted an in-depth case study of a TH using a quantitative survey method. The survey uses a questionnaire based on Parsons' social system action theory, which embraces the major models of organizational performance and covers three groups of internal stakeholders: physicians, caregivers and administrative staff. The questionnaires were distributed between April and September 2011. The results confirm that hospital performance is multifaceted and includes the dimensions of efficiency, effectiveness and quality of care, as well as organizational and human features. There is a high degree of consensus among all observed stakeholder groups about these values, and a shared view of performance is emerging. Our research provides useful information for defining management priorities to improve the performance of THs.
Business Horizons, Jul 1, 2018
Social innovation and digitalization of the economy are new sustainable approaches for growing ci... more Social innovation and digitalization of the economy are new sustainable approaches for growing cities and for creating new relationships between citizens , enterprises, and institutions (Bernardino & Santos, 2017). Several scholars have emphasized that the development of cities offers a wide range of opportunities for emerging types of entrepreneurial activity that improve the urban ecosystem (Muñoz & Cohen, 2016). Research in this vein is oriented toward new frameworks that emphasize the role of the technological shift in the construction of smart cities and the involvement of citizens in developing innovative solutions for civic challenges (Brunswicker, Bilgram, & Fueller, 2017). Specifically, crowdsourcing-or "the use of IT to outsource any organizational function to a Business Horizons (2017) xxx, xxx-xxx
International Journal of Health Planning and Management, Oct 19, 2012
Teaching hospitals (THs) simultaneously serve three different roles: offering medical treatment, ... more Teaching hospitals (THs) simultaneously serve three different roles: offering medical treatment, teaching future doctors and promoting research. The international literature recognises such organisations as 'peaks of excellence' and highlights their economic function in the health system. In addition, the literature describes the urgent need to manage the complex dynamics and inefficiency issues that threaten the survival of teaching hospitals worldwide. In this context, traditional performance measurement systems that focus only on accounting and financial measures appear to be inadequate. Given that THs are highly specific and complex, a multidimensional system of performance measurement, such as the Balanced Scorecard (BSC), may be more appropriate because of the multitude of stakeholders, each of whom seek a specific type of accountability. The aim of the paper was twofold: (i) to review the literature on the BSC and its applications in teaching hospitals and (ii) to propose a scorecard framework that is suitable for assessing the performance of THs and serving as a guide for scholars and practitioners. In addition, this research will contribute to the ongoing debate on performance evaluation systems by suggesting a revised BSC framework and proposing specific performance indicators for THs.
DergiPark (Istanbul University), Jun 1, 2012
This paper proposes a reputational framework suitable for assessing the reputation of Italian ban... more This paper proposes a reputational framework suitable for assessing the reputation of Italian banks. To achieve such purpose, the research follows two steps: 1) to explore the most prominent reputational models; 2) to discuss the main findings and identify which are the key-dimensions and features of a reputation measurement system for banks. The value added of this work can be identified in the effort to suggest a framework from which to begin an investigation into measurement of Italian banks reputation.
Sustainability, Mar 29, 2019
Business models for sustainability (BMfS) are relevant topics on research agendas, given their or... more Business models for sustainability (BMfS) are relevant topics on research agendas, given their orientation toward sustainability issues. However, traditional versions of these models are often ill-equipped at solving complex social problems. Cross-sector partnerships for sustainability (CSPfS) have been recognized as a new paradigm that mitigates the failure of traditional models. Impact investing, and social impact bonds (SIBs) in particular, represent an interesting field of research in innovative business models for sustainable finance, even though the literature does not consider SIBs within this broader field. We propose an exploratory study based on qualitative methods aimed at conceptualizing SIBs within the framework of BMfS and understanding how SIB collaboration varies across social sectors and geographical areas. Our study identifies three different models of SIBs characterized by the different degrees of collaboration between actors: (i) SIB as a fully collaborative partnership; (ii) SIB as a low-collaborative partnership; and (iii) SIB as a partially collaborative partnership. Our findings are useful to policy makers and practitioners involved in the SIB design, suggesting that a fully collaborative SIB model may stand a better chance of achieving the expected social impacts.
Sustainability, Apr 7, 2021
This article is an open access article distributed under the terms and conditions of the Creative... more This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY
International Journal of Accounting and Financial Reporting, Jan 3, 2019
Credit Rating Agencies (CRAs) play a key role in the financial markets: credit rating provides us... more Credit Rating Agencies (CRAs) play a key role in the financial markets: credit rating provides useful information to investors, and it is also widely used for regulatory purposes. Nevertheless, after the subprime meltdown, CRAs have been strongly criticized for worsening the crisis by overrating structured products. Consequently, regulators are reforming the rating industry, worldwide. Therefore, this article investigates the changes regarding the role and regulation of CRAs, focusing on the European Union. To achieve this investigation, the study explores existing literature and examines the European reforms. The research contributes to the ongoing debate on the innovation in financial regulation, by highlighting the key-characteristics of the European approach to CRAs" regulation and supervision. The results note distinct phases of regulation and highlight that certain gray areas relating to business model, overreliance and civil liability should not be ignored.
Palgrave studies in sustainable business in association with Future Earth, 2018
Alternative finance represents a small but interesting field of research. Concepts such as “alter... more Alternative finance represents a small but interesting field of research. Concepts such as “alternative financing instruments”, alternative financing channels and “alternative forms of finance” can be found in the recent literature with increasing frequency. Despite all this attention and activities in this field, extant knowledge is fragmented, and various deficiencies exist. Moving from these considerations, the main aims of this chapter are (i) to explore the domain of “alternative finance”; (ii) to map and to assess the intellectual territory of this research field; (iii) to provide a critical analysis of the current state of the art in this new finance approach through the analysis of the ontological, epistemological and methodological issues posed in academia and (iv) to identify and discuss the main emerging streams of research. This chapter also contributes to the ongoing debate on the role of alternative finance for a more sustainable financial system by exploring new concepts, instruments and dynamics of the alternative finance in the service of human welfare and dignity.
DergiPark (Istanbul University), Jun 1, 2013
This paper proposes a systematic literature review for exploring the relationship between CDS and... more This paper proposes a systematic literature review for exploring the relationship between CDS and rating announcements. To achieve this purpose, we have isolated and explored the primary relevant fields in the literature and discussed the findings. The value added of this preliminary work can be identified in the effort to identify new and promising research areas for future work.
Piccola impresa: = Small Business, 2007
Questo lavoro si propone di illustrare alcuni risultati di una ricerca sul campo condotta nella p... more Questo lavoro si propone di illustrare alcuni risultati di una ricerca sul campo condotta nella provincia di Catanzaro, finalizzata a cogliere gli aspetti più dinamici e più complessi del tessuto delle imprese artigiane e del loro rapporto con il sistema finanziario di riferimento, anche alla luce dei mutamenti previsti dall'introduzione di Basilea 2. L'obiettivo finale della ricerca è quello di fare luce sulle problematiche e sulle prospettive di sviluppo delle imprese artigiane e del rapporto banca (sistema finanziario)-impresa artigiana. In particolare, la ricerca prende l'abbrivio dalle necessità di verificare-nell'ambito di uno spazio socioeconomico di riferimento che si connota per un difetto "strutturale" di sviluppo-il livello quali-quantitativo di strumenti finanziari effettivamente a disposizione delle microimprese artigiane 1 , oltre che il livello quali-quantitativo di in-89 Rivista Piccola Impresa/Small Business-n. 3, anno 2007 La presente indagine è inserita in un Progetto di ricerca dal titolo "Relazioni tra banche e piccole imprese alla luce della revisione degli accordi interbancari (Basilea 2). Il caso del sistema calabrese: problemi e prospettive", frutto di una convenzione realizzata tra l'Ateneo di Catanzaro, la Camera di Commercio di Catanzaro e la Confartigianato di Catanzaro (con il patrocinio della Provincia di Catanzaro, Assessorato alle Attività Produttive). Ai sopra citati enti va, ovviamente, un sentito ringraziamento. Pur se la stesura finale e complessiva di questo articolo è stata oggetto di una elaborazione congiunta, la trattazione specifica dei punti 1, 3 e 6 è stata svolta da Annarita Trotta, mentre quella dei punti 2, 4 e 5 da Marianna Mauro. Questo articolo riprende, in parte, alcune considerazioni formulate nel Paper "The effects of Basel II requirements on banks-SMEs relationship: the case of the handicraft firms ",
Social Science Research Network, 2012
As the world economy becomes more globalised, the internationalisation processes of small and med... more As the world economy becomes more globalised, the internationalisation processes of small and medium-size enterprises (SMEs) and family firms have received increasing attention from academics and practitioners. Numerous studies have examined modes, incentives, barriers to internationalisation and relationships among innovation, internationalisation and performance. Fewer but more recent studies have focused on the relationship between decision-makers' skills and firms' internationalisation. The purpose of this paper is to investigate whether and to what extent key features and entrepreneurs' perceptions affect the decision of several SMEs in the southern Italy to internationalise. The aim is to explore how the interactions among entrepreneurial skills and determinants such as environmental context, culture and regulation can affect the internationalisation process. The methodology adopted is based on an analysis of multiple-case studies. The study attempts to contribute to the ongoing debate on SMEs internationalisation. Practical implications of our research include suggestions for SMEs to better manage their internationalisation processes and for policy makers in underdeveloped areas to support suitable strategies for firms' internationalisation.
Springer eBooks, 2018
In recent decades, governments worldwide have begun to extend the use of Payment by Results (PbR)... more In recent decades, governments worldwide have begun to extend the use of Payment by Results (PbR) contracts. PbR contracts create a new type of partnership between investors, governments and service providers that engages them in a new way through complex outcome-based financial arrangements. In Italy, the diffusion of such instruments is limited by market and by legal barriers. Based on these considerations, our work aims to present an overview of the literature on PbR models, with Social Impact Bonds (SIBs) as the main subject, and to perform an explorative analysis of multiple case studies (focusing on innovative SIBs in healthcare) of such schemes.
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Papers by annarita trotta