scholarly journals THE STRATEGIC ROLE OF PRIVATE EQUITY IN THE INTERNATIONALIZATION OF ITALIAN SMEs

2021 ◽  
Author(s):  
ANDREA ODILLE BOSIO ◽  
ANNA GERVASONI ◽  
FRANCESCO BOLLAZZI
Keyword(s):  
Private Equity ◽  
Positive Impact ◽  
Company Strategy ◽  
Fund Managers ◽  
Portfolio Company ◽  
Strategic Role ◽  
Operational Improvement ◽  
Governance Strategy ◽  
Insight Into

The internationalization of the portfolio company is a key strategy used by private equity (PE) investors to create value and produce returns. In recent years, the focus on the strategies for value-creation through operational improvement has become essential to achieve the exponential growth required to the portfolio company, given the low multiples and the market risk of leverage. In this paper, we define the key types of contribution that a PE investor can provide in order to support the internationalization process and their effects on the portfolio company’s performance. The research is based on a survey administered to 47 PE fund managers, which covers 156 deals involving Italian companies. The results offer insight into the contribution to the corporate governance, strategy and management that PE provides in addition to the monetary support. The findings show that the non-financial support given to the portfolio companies has a positive impact on the performance and that the most impactful contribution the PE can give is the support to the relational network when the company strategy involves a foreign direct investment.

scholarly journals Food for all? Critically evaluating the role of the Incredible Edible movement in the UK

2019 ◽  
pp. 139-153
Author(s):  
Michael Hardman ◽  
Mags Adams ◽  
Melissa Barker ◽  
Luke Beesley
Keyword(s):  
Positive Impact ◽  
Economic Benefits ◽  
Powerful Method ◽  
The Public ◽  
Social Environmental ◽  
The Uk ◽  
Food Movement ◽  
The Town ◽  
Insight Into

With the concept of Urban Agriculture (UA) growing in popularity, more cities and towns are exploring opportunities to enable the practice and transform neglected spaces into havens for produce. This chapter provides an insight into one such town, Todmorden and its Incredible Edible movement, located in the heart of England. This chapter adopts a qualitative approach to critically exploring the IET movement and to understand its impact on Todmorden. We engaged with key actors and the public in order to ascertain views towards the schemes, analysing the positives and negatives of the model. Findings revealed that the scheme has an overwhelmingly positive impact on the town, with social, environmental and economic benefits. Furthermore, it was made clear that IET is helping to create a more just food movement in Todmorden, particularly through its free for all philosophy. However, some negatives were also highlighted during the course of the research, predominately around maintenance issues and a lack of perceived inclusivity in parts. Overall, the scheme was highly valued and seen as a powerful method for growing the wider UA movement; recommendations centred on further replicating the model and helping local food to prosper in similar locations globally.

scholarly journals Changing contexts: from criminal to citizen

2019 ◽  
Vol 33 (3) ◽  
pp. 515-526
Author(s):  
Aidan McKearney
Keyword(s):  
Gay Men ◽  
Design Methodology ◽  
Positive Impact ◽  
Sexual Citizenship ◽  
Content Type ◽  
Working Lives ◽  
Legislative Changes ◽  
Depth Interviews ◽  
Insight Into

Purpose The purpose of this paper is to provide a critical reflection on the profound changes regarding sexual minority rights in Britain and Ireland. It seeks to illustrate how recent legislative changes can impact the working lives of gay employees living and working in nonmetropolitan locales. The paper also aims to assess the role of LGBTQI movements, groups and networks, in facilitating voice and visibility and advancing equality. Design/methodology/approach Secondary research was undertaken to assist in contextualising the empirical findings, within a literature review. The paper presents findings derived from a qualitative study, involving in-depth interviews with 44 gay men in Britain and Ireland. Findings LGBTQI movements and groups have played a crucial role in facilitating voice, and visibility for LGBTQI people in both Britain and Ireland. These movements have themselves, undergone change, moving from liberationist-queer-radical approaches to normalising-sexual citizenship-radical approaches. Significant legislative advances have taken place in the 2000s, and these have had a positive impact on gay workers. However, there is a continuing need for organisations to respond in ever more strategic, effective and inclusive ways, if the promise of sexual citizenship is to be realised by gay people in the workplace. Local, self-organised LGBT groups can play an important role in building sexual citizenship in nonmetropolitan locales. Originality/value This paper’s value and contribution lie in its application of theoretical principles and models, most notably models of sexual citizenship, in a specific historical, geographical and spatial context. The paper offers an insight into the lives of gay men who reside and work in nonmetropolitan locales; and highlights the emergence of subtle forms of gay resistance and radicalism, through self-organised groups.

scholarly journals The role of reward-based crowdfunding in farm financing: What characterises successful campaign?

2021 ◽  
Vol 68 (3) ◽  
pp. 773-788
Author(s):  
Isidora Ljumović ◽  
Aida Hanić ◽  
Vlado Kovačević
Keyword(s):  
Logistic Regression ◽  
Logistic Regression Model ◽  
Project Success ◽  
Positive Impact ◽  
Investment Decisions ◽  
Significant Negative Correlation ◽  
The Self ◽  
Relative Importance ◽  
Insight Into

The purpose of this paper is to provide insight into the role of reward-based crowdfunding in farm financing, with a focus on its likelihood of success. The study uses a sample of 1,566 projects from the Kickstarter platform between 2014 and 2020. We added the level of urbanisation and relative importance of agriculture in the country's economy to the basic elements to assess the importance of the crowdfunding. We run a logistic regression model to investigate factors that motivate investment decisions. We discovered a statistically significant negative correlation between the self-set campaign goal and project success, as well as a small positive impact of number of backers and a positive impact of the importance of agriculture in the country's economy on crowdfunding success. In an era of rapid innovation and the rise of social networks, this paper contributes to the current literature on the agri-food industry's reword-based crowdfunding approach.

scholarly journals City branding and museum souvenirs: towards improving the St. Petersburg city brand

2019 ◽  
Vol 12 (4) ◽  
pp. 529-544 ◽  
Author(s):  
Iuliia Trabskaia ◽  
Iuliia Shuliateva ◽  
Rebecca Abushena ◽  
Valery Gordin ◽  
Mariya Dedova
Keyword(s):  
Product Development ◽  
Positive Impact ◽  
Visual Images ◽  
City Branding ◽  
Content Type ◽  
City Brand ◽  
Observation Method ◽  
The City ◽  
Insight Into

PurposeThe purpose of this paper is to identify ways to develop museum shop product, which will possess competitive advantage, and to recommend what should be done to develop such product so that it has a positive impact on the city brand of St. Petersburg.Design/methodology/approachIn total, 76 museums have been studied through the observation method to describe their shops’ inventory in terms of percentages of each product. Mostly St. Petersburg museums were included in the analysis. The observation method enabled the researchers to analyse the inventory of the museum souvenir shops. The findings of the analysis enabled the researchers to reach conclusions about museums’ strategies of product development.FindingsThe research allowed to make the conclusion that although the museum shops in St.Petersburg demonstrate positive tendencies in the development of competitive stores’ products a lot of work is still to be done. Not all museums are characterised by availability of clear strategy for product development. They offer souvenirs (if any) which do not differ from those existing on the market according to topics and functions which are characteristic for them. Recommendations on how to make the product of museum shops more competitive were proposed.Practical implicationsCities need new and fresh ways to create and promote their brands. Museums can contribute to this significantly with the help of souvenirs production. This research will provide insight into the process of how museums can do this by developing their shops’ inventory strategies. Recommendations to improve strategies for creation of competitive product were offered in the paper.Originality/valueIn today’s competitive conditions, museums are creating augmented products and create museum shops. Nevertheless, the role of museum shops in brand creation is underexplored. Museum shops have a high potential for creating high-quality products that may influence the museum and city brand in a positive way, as souvenirs and visual images of museum artifacts play an essential role in making an impression on tourists.

Information Technologies Socialise Geographies

2010 ◽  
Vol 12 (3) ◽  
pp. 1-27 ◽  
Author(s):  
Gilbert Ahamer ◽  
Josef Strobl
Keyword(s):  
Information Technologies ◽  
Communicative Action ◽  
Structural Evolution ◽  
World Views ◽  
Strategic Role ◽  
Geographic Information Sciences ◽  
Insight Into ◽  
Common World

One of the ethical tasks and practical effects of IT is bridging and spanning different locations, thereby “socialising” across diverse “geographies of understanding”. A dozen documented case studies use IT (especially Geographic Information Sciences) in distance learning. The underlying conceptual model of a network society combined with empirical research on long-term civilisational and economic evolution leads to a general understanding of Information Technologies as facilitators of a multi-perspectivist and multi-disciplinary construction of world views (m:n type of science). Such a synopsis of education, structural evolution, social spaces and institutional change provides insight into IT’s strategic role of facilitating consensus building and constructing common world views that can socially converge (“socialise”) isolated cultures of understanding. “Geography” is here seen as a provider of world views that emerge from communicative action. The presented cases in this paper span both geographic locations as well as constructed cultures of understanding.

scholarly journals KENDALA DAN SOLUSI IMPLEMENTASI SUBSIDI BENIH PADI DI PROVINSI SUMATERA SELATAN

2018 ◽  
Vol 13 (2) ◽  
pp. 121
Author(s):  
Valeriana Darwis
Keyword(s):  
Positive Impact ◽  
Rice Cultivation ◽  
Implementation Challenges ◽  
Strategic Role ◽  
New Varieties ◽  
The Government ◽  
Main Basis ◽  
Number Of Seeds ◽  
Selection Of

<p>Abstract : Seed is one of th</p><p>e main elements in rice cultivation. Use of seed labeled and<br />quality will have a positive impact on productivity. This strategic role of seed which is<br />the reason the government helps farmers by conducting seed subsidies. Subsidization<br />of seed carried out throughout Indonesia and one of them is the province of South<br />Sumatra. The objective is to see the implementation of subsidized seeds with the main<br />focus of the implementation challenges and solutions such activities. By 2016 subsidy<br />survay seed at the time of implementation was not up to 10 percent. The main cause of<br />this low uptake by PSO is a delay DUPBB that the main basis of PSO prepares and<br />provides rice seeds. Despite the low uptake but seed subsidies still need to be passed<br />on, this is due to the use of seed labeled and quality in South Sumatra Province is still<br />low, and to overcome implementation seed subsidies in the future need to be increased<br />dissemination activities, the introduction of new varieties of R &amp; D, the certainty of<br />the selection of varieties, increasing the number of seeds subsidized and incentives for<br />enumerators DUPBB.</p><p>Abstrak : Benih merupakan salah satu unsur utama dalam budidaya padi. Pemakaian<br />benih berlabel dan bermutu akan memberikan dampak positif pada produktivitas.<br />Peranan benih yang strategis ini merupakan alasan pemerintah membantu petani<br />dengan melaksanakan kegiatan subsidi benih. Pemberian subsidi benih dilakukan<br />diseluruh Indonesia dan salah satunya adalah Provinsi Sumatera Selatan. Tujuan<br />penulisan ini adalah melihat pelaksanaan subsidi benih dengan fokus utama kendala<br />dan solusi implementasi dari kegiatan tersebut. Pada tahun 2016 subsidi benih pada<br />saat dilakukan survay pelaksanaannya tidak sampai 10 persen. Penyebab utama<br />serapan rendah ini menurut PSO adalah keterlambatan DUPBB yang menjadi dasar<br />utama PSO menyiapkan dan memberikan benih padi. Meskipun rendah serapan tetapi<br />subsidi benih masih perlu diteruskan, hal ini disebabkan pemakaian benih berlabel dan<br />bermutu di Provinsi Sumatera Selatan masih rendah, Dan untuk mengatasi kendala<br />implementasi subsidi benih kedepannya perlu ditingkatkan sosialisasi kegiatan,<br />pengenalan varietas baru litbang, kepastian pemilihan varietas, penambahan jumlah<br />benih yang disubsidi dan pemberian insentif bagi petugas pendata DUPBB.<br /><br /><br /></p>

The Panera Bread LBO

2019 ◽  
pp. 1-30
Author(s):  
David Stowell ◽  
Alexander Katz
Keyword(s):  
Private Equity ◽  
News Story ◽  
Due Diligence ◽  
Equity Fund ◽  
Private Equity Fund ◽  
Optimal Capital Structure ◽  
Optimal Capital ◽  
Investment Process ◽  
Insight Into

This case considers the buyout of Panera Bread from the perspective of a private equity fund. In early 2017, KLG Managing Director Tom Denning is considering a leveraged buyout of Panera Bread, a rapidly growing fast-casual restaurant company. A surprising Bloomberg News story signals that the deal process is broadening and KLG will have to act quickly if it hopes to buy Panera Bread. Students assume the role of Tom Denning as he prepares an investment recommendation for KLG's investment committee. In doing so, students are required to consider a very large and expensive investment. Students are challenged to create an investment recommendation by performing due diligence, determining additional questions to ask, and pricing a buyout bid that incorporates an optimal capital structure and meets KLG's return requirements. The Panera Bread case is designed to give students insight into the private equity investment process.

Review of Passions Within Reason: The Strategic Role of the Emotions.

1990 ◽  
Vol 35 (7) ◽  
pp. 729-730
Author(s):  
No authorship indicated
Keyword(s):  
Strategic Role

Plasminogen Activation In Vivo upon Intravenous Infusion of DDAVP

1992 ◽  
Vol 67 (01) ◽  
pp. 111-116 ◽  
Author(s):  
Marcel Levi ◽  
Jan Paul de Boer ◽  
Dorina Roem ◽  
Jan Wouter ten Cate ◽  
C Erik Hack
Keyword(s):  
Monoclonal Antibodies ◽  
Plasminogen Activator ◽  
Plasma Levels ◽  
Fold Increase ◽  
Fibrinolytic System ◽  
Plasminogen Activation ◽  
Plasminogen Activator Activity ◽  
Insight Into

SummaryInfusion of desamino-d-arginine vasopressin (DDAVP) results in an increase in plasma plasminogen activator activity. Whether this increase results in the generation of plasmin in vivo has never been established.A novel sensitive radioimmunoassay (RIA) for the measurement of the complex between plasmin and its main inhibitor α2 antiplasmin (PAP complex) was developed using monoclonal antibodies preferentially reacting with complexed and inactivated α2-antiplasmin and monoclonal antibodies against plasmin. The assay was validated in healthy volunteers and in patients with an activated fibrinolytic system.Infusion of DDAVP in a randomized placebo controlled crossover study resulted in all volunteers in a 6.6-fold increase in PAP complex, which was maximal between 15 and 30 min after the start of the infusion. Hereafter, plasma levels of PAP complex decreased with an apparent half-life of disappearance of about 120 min. Infusion of DDAVP did not induce generation of thrombin, as measured by plasma levels of prothrombin fragment F1+2 and thrombin-antithrombin III (TAT) complex.We conclude that the increase in plasminogen activator activity upon the infusion of DDAVP results in the in vivo generation of plasmin, in the absence of coagulation activation. Studying the DDAVP induced increase in PAP complex of patients with thromboembolic disease and a defective plasminogen activator response upon DDAVP may provide more insight into the role of the fibrinolytic system in the pathogenesis of thrombosis.

Alignment

2016 ◽  
pp. 33-50
Author(s):  
Pier Giuseppe Rossi
Keyword(s):  
Teaching And Learning ◽  
Enactive Approach ◽  
The World ◽  
Strategic Role ◽  
Education Today ◽  
Current Context ◽  
The Subject

The subject of alignment is not new to the world of education. Today however, it has come to mean different things and to have a heuristic value in education according to research in different areas, not least for neuroscience, and to attention to skills and to the alternation framework.This paper, after looking at the classic references that already attributed an important role to alignment in education processes, looks at the strategic role of alignment in the current context, outlining the shared construction processes and focusing on some of the ways in which this is put into effect.Alignment is part of a participatory, enactive approach that gives a central role to the interaction between teaching and learning, avoiding the limits of behaviourism, which has a greater bias towards teaching, and cognitivism/constructivism, which focus their attention on learning and in any case, on that which separates a teacher preparing the environment and a student working in it.

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