Template-type: ReDIF-Article 1.0 Author-Name: Luciano Marchi Title: Governo delle aziende e creazione di valore: da una prospettiva finanziaria ad una prospettiva economico-sociale Abstract: "Value creation" is an expression that assumes a strong symbolic meaning with reference to the whole process generating value, i.e. the process which starts with value management, and ends with the measurement and communication of value created. But the question is: which "value" has to be considered? Moreover, in which perspective such a "value" has to be managed, measured, and communica-ted? The questions are relevant and, in our opinion, they are also interrelate: a different perspective in which value is considered determines a different concept of value and, consequently, determines a modification of the whole process of management, measurement and communication of value. Our strong conviction, that comes from the observation of the changes in the eco-nomic scenarios, is that value creation is moving from a financial perspective to an economic-social perspective. Therefore, we believe that the concept of value is also changing and that current theories are no longer adequate. On the other hand, we need to clarify what is the link between value creation, corporate governance (of all companies: profit and non-profit, public and private) and economic development. Starting from the historical framework, and considering its current evolution, some considerations and reflections are carried out with reference to: 1) the economic and legal context that has determined the widespread concept of value in the fi-nancial perspective; 2) the crisis of the financial market that has recently determi-ned the transition from the financial perspective to the economic-social perspecti-ve; 3) the opportunity to refer to this different concept of value by interpreting the sustainable economic development. Classification-JEL: Keywords: Note: Pages:5-16 Volume: 2019/1 Year: 2019 Issue:1 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=63523&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:MACOMA:v:html10.3280/MACO2019-001001 Number: 1 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=63523 Template-type: ReDIF-Article 1.0 Author-Name: Francesca Maria Cesaroni Author-Name: Annalisa Sentuti Title: Il cambiamento dei sistemi di controllo manageriale e il processo di successione nelle imprese familiari. Quali possibili relazioni? Abstract: During the last decades, within accounting research, several authors have analyzed management accounting change (MAC) adopting different theoretical frameworks and investigating multiple contexts. However, few contributions from both accounting and family business scholars have dealt with this theme adopting the perspective of family firms and considering their specific characteristics. This article aims to shed light on the distinguishing features of MAC in family firms in relation to processes of succession. Adopting the Actor-Network Theory, this study combines insights offered by the debate on family businesses and MAC with the empirical findings of a longitudinal case study, in which the researchers were directly involved in constructing a new management accounting system. By exploring the process of construction of the new MA system and the evolution of the succession process, this article shows interplays between the two processes. It also shows how heterogeneous actors (human and non-human) may influence the development of MAC. Given the family nature of the business and the focus on succession, particular attention is paid to the figure of successor, including his goals and motivations, in order to better understand his role in the MAC process. Classification-JEL: Keywords: Note: Pages:17-44 Volume: 2019/1 Year: 2019 Issue:1 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=63524&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:MACOMA:v:html10.3280/MACO2019-001002 Number: 2 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=63524 Template-type: ReDIF-Article 1.0 Author-Name: Barbara Iannone Title: Il controllo strategico nelle imprese familiari del settore vitivinicolo. Elaborazione di una proposta Abstract: Family business is among the oldest and most widespread organizational model. In Italy, many companies are family-run and among these, there are the oldest ones in the world. Most of them operate in the wine sector. In recent decades this sector has been recording numerous changes (Rossi, 2013) due to the different "geographical areas of vine cultivation" and to the various regulations that directly affect production activities. The internationalization processes and the presence of new producer countries (in the so-called "new world": Chile, Australia, Argentina, New Zealand, China, South Africa, United States of America and Russian Federa-tion) determine new changes (Castriota, 2015). With this research, we intend to provide an empirical contribution, to highlight the importance of using strategic control models in small family businesses that operate in the wine sector. Through the direct observation of the activities performed by a typical family business, we investigate the application of a strategic control model to manage the specific characteristics of family businesses, considering the related information needs. Classification-JEL: Keywords: Note: Pages:45-72 Volume: 2019/1 Year: 2019 Issue:1 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=63525&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:MACOMA:v:html10.3280/MACO2019-001003 Number: 3 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=63525 Template-type: ReDIF-Article 1.0 Author-Name: Giovanna Mariani Author-Name: Davide Morelli Author-Name: Leonardo Bartoloni Title: Managing uncertainty in the start-up environment. Is a business plan an incentive or a limitation? Abstract: The purpose of this paper, which participates in the lively debate between the Learning School and the Planning School, is to investigate whether a business plan can still support planning a start-up in uncertainty conditions. By analyzing the strengths, weaknesses, opportunities, and threats of the business plan process, we propose an evolution of such a process, through the use of simulation models, to manage uncertainty. Using simulation models, especially what-if simulations, the start-up founder is able to improve the cognitive process in order to assess the pro-ject?s feasibility. Furthermore, with simulation, business plan overcomes some of its traditional weaknesses and improves its strengths and opportunities. It can also become a training tool in the entrepreneurship programs promoted by public insti-tutions. By integrating forecasting, planning and simulation models, the business plan can be more comprehensive and provides more information about the envi-ronment in which the start-up has to play the game. Thus, the business plan be-comes "not just an evaluation of a project?s profitability, but also the future story of an idea, in which people are the central point of the success". Classification-JEL: Keywords: Note: Pages:73-96 Volume: 2019/1 Year: 2019 Issue:1 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=63526&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:MACOMA:v:html10.3280/MACO2019-001004 Number: 4 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=63526 Template-type: ReDIF-Article 1.0 Author-Name: Federica Palazzi Author-Name: Massimo Ciambotti Author-Name: Lorenzo Gelsomini Title: L?adozione dell?Activity-Based Costing nelle PMI: analisi di un caso Abstract: The work aims to identify the internal and external contingent variables that may influence the use of innovative management accounting tools in small manufacturing companies, to support decision-making processes in times of crisis, through the analysis of a case study, which illustrates in detail the process of designing and implementing the Activity-Based Costing (ABC). The research method used is the participant observation; in fact, the research group is directly involved in the design and implementation of the ABC and in the evolution of the Management Accounting System (MAS) for a relatively long period of time. The following contingent variables emerge as relevant and fundamental in promoting the innovation of the costing system: the global economic crisis that has severely hit the made in Italy sectors and in particular the furniture district; the competitive strategy strongly oriented to cost efficiency; the horizontal and flexible organizational structure, typified by direct and informal communication that facilitates innovative processes and should reduce resistance to change; the family governance, characterized by the entry of the 3rd generation of entrepreneurs, strongly oriented towards innovation but respecting the company tradition, and typified by new values that promote the culture of change, oriented towards a rational approach to decisions, proactive, no longer exclusively intuitive; the evolution of information technology at low costs; finally, stakeholders can play an important role in fostering innovation in SMEs, in particular, competitors and trade associations have contributed to create awareness of need for professional management. The university is a privileged stakeholder with which the company has established a relationship of mutual and lasting collaboration in support of the change process, thanks to its physical proximity. Classification-JEL: Keywords: Note: Pages:97-122 Volume: 2019/1 Year: 2019 Issue:1 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=63527&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:MACOMA:v:html10.3280/MACO2019-001005 Number: 5 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=63527 Template-type: ReDIF-Article 1.0 Author-Name: Francesca Bartolacci Author-Name: Iacopo Cavallini Author-Name: Michela Soverchia Title: Full costing nelle aziende di igiene ambientale: un caso di studio Abstract: This paper deals with companies operating in collection, treatment and disposal of municipal solid waste, that increasingly need to have a structured management control system. The aim is to provide an exemplification of the full cost determination of the provided services, supporting internal decision-making processes, as well relationships with external actors. A case-study has been realized focusing on an Italian waste management company having adequate features to represent a large part of the companies operating in the waste sector in Italy. In order to determine the services? full cost we carried out the identification of cost objects and we continued with the distinction and attribution of direct and indirect costs to the various services. During the implementation of the cost accounting tools some critical issues emerged, for example connected with the fact that the provided services are not always connected with the organizational areas in which the company is structured. Moreover, considering the recent introduction of the cost analysis system, the company has not yet been able to exploit the informational benefits deriving from it. The system still needs to be perfected and to be integrated with strategic planning and management through subsequent organizational and accounting actions, in order to face the scenario?s changes introduced by recent legislation. Classification-JEL: Keywords: Note: Pages:123-142 Volume: 2019/1 Year: 2019 Issue:1 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=63528&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:MACOMA:v:html10.3280/MACO2019-001006 Number: 6 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=63528 Template-type: ReDIF-Article 1.0 Author-Name: Alessandra Allini Author-Name: Adele Caldarelli Author-Name: Rosanna Span? Author-Name: Annamaria Zampella Title: Legitimating efforts in Performance Plans. Evidences on the thoroughness of disclosure in the Italian Higher Education setting Abstract: The aim of this paper is to understand what factors affect the thoroughness of the information provided by Italian Universities in their Performance Plans. The recent reforms that characterized the Italian Higher Education led a full revision of the administrative apparatus. It not only encompassed a switch from cash accounting to accrual accounting, but suddenly gained wider strategic relevance, as attention is also devoted to the coherence between planning activities and reporting outcomes in order to ensure transparency and broader accountability. Hence, drawing on the legitimacy theory, we conducted a panel analysis with fixed effects on data gathered through a meaning-oriented content analysis of 132 Plans. The findings show that, early transition to accrual accounting, the adoption of management accounting tools and geographical position influence the thoroughness of disclosure towards specific accountability and legitimacy wishes. The findings offer noteworthy contributions not limited to the academic debate, but valuable for policy makers and practitioners. Classification-JEL: Keywords: Note: Pages:143-168 Volume: 2019/1 Year: 2019 Issue:1 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=63529&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:MACOMA:v:html10.3280/MACO2019-001007 Number: 7 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=63529 Template-type: ReDIF-Article 1.0 Author-Name: Enrico Deidda Gagliardo Author-Name: Michele Bigoni Author-Name: Luca Papi Author-Name: Giorgia Gobbo Title: La programmazione dei Ministeri nella nuova stagione della performance. Dalla burocrazia della performance alla performance utile Abstract: The Madia?s Reform about performance evaluation started a new season for the Italian Ministries in this topic, boosted by the Guidelines prepared by the "Com-missione Tecnica per la Performance" and issued by the "Dipartimento della Funzione Pubblica". The research has two main goals: 1) the former is to measure the quality of the performance plans for the years 2018-2020 in 6 experimental Ministries, enabling a comparison with the ones adopted in the years 2017-2019; the latter 2) is to investigate the enabling conditions for their useful adoption in the decision-making processes from the public management perspective. Briefly, the paper investigates whether a change from a performance bureaucratic approach to a useful performance management approach happened in the 6 Experimental Ministries regarding 2017-2019 and 2018-2020 performance plans. The work aims to answer the two questions by adopting an "action research" approach in a multiple case study research. Classification-JEL: Keywords: Note: Pages:169-189 Volume: 2019/1 Year: 2019 Issue:1 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=63530&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:MACOMA:v:html10.3280/MACO2019-001008 Number: 8 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=63530