Anzeige des vollständigen DOI-Metadaten-Sets
DIESE DOI-METADATEN WURDEN ZULETZT AKTUALISIERT AM: 2024-07-23 11:27
Cite as
-
Vollständiger Titel
CONTABILITÀ E CULTURA AZIENDALE
-
Verlag
FrancoAngeli
-
ISSN
1721-5242 (Gedruckte Zeitschrift)
2283-7337 (Online-Zeitschrift)
-
Nummer des Bandes
24
-
Nummer der Ausgabe
1
-
Andere Beschreibung der Ausgabe
1
-
Erscheinungsdatum der Ausgabe
2024
-
Vollständiger Titel
A historical comparison exactly one hundred years apart. The global financial crises of 1907 and 2007 and the FIAT case study
-
Von (Autor)
-
Erste Seite
43
-
Letzte Seite
77
-
Sprache des Textes
Englisch
-
Erscheinungsdatum
2024/06
-
Copyright
2024 FrancoAngeli srl
Abstract/Hauptbeschreibung
Introduction: The paper analyses the case study of the FIAT automotive company in two global financial crises which broke out exactly 100 years apart: the crisis of 1907 known as the "Banking Panic" and the crisis of 2007, and its burst in 2008, known as the "Great Recession". Aim of the work: The paper aims to analyze company strategies in financial crises, by adopting a business perspective, in order to capture similarities and differ-ences; contributions to support companies in the transformation of organizational, managerial and operation processes during changing environmental conditions are provided. Methodological approach: The research follows an interpretive and qualitative ap-proach. Starting from the theoretical background of the two financial crises, the study identified the company FIAT as a "single business case study". FIAT's financial statements and corporate documents for the periods 1907-1913 and 2007-2013 are critically assessed. Main findings: Case study findings highlight the successfully implemented strate-gies and the paths of growth pursued by the Company to survive and restart. In this sense, the case study analysis supports the identification of some elements and actions able to guide companies through periods of environmental and business crisis. Moreover, the study of the FIAT historical corporate documents permits to observe the evolution – about the structure and the content – of corporate disclo-sure over time. Originality: There is a lack of studies that analyze and compare the two crises. The comparison between the two financial crises by adopting a business perspective is novel. The historical comparison together with the analysis of the evolution of the FIAT's corporate disclosure over time, provides relevant scientific insights, poten-tially able to favour an advancement of knowledge to help companies in the trans-formation and adaptation processes to changing environmental conditions.
Zitierungen des
10.3280/CCA2024-001003
Unstructured Zitierung
Alberici A. (1975). Analisi dei Bilanci e Previsione delle Insolvenze. Milano: Isedi.
Unstructured Zitierung
Amatori, F. (1980). Entrepreneurial typologies in the history of industrial Italy (1880-1960). Business History Review, 54(3):
359-386.
https://doi.org/10.2307/3114244
Unstructured Zitierung
Amatori, F. (2001). Fiat 1899-1999. Riflessioni sulla grande impresa in Italia. Passato e presente. Milano: FrancoAngeli.
Unstructured Zitierung
Andrei P. (1996). La prevenzione dei dissesti aziendali: alcuni spunti di riflessione. In: AA.VV. (Eds.). Crisi di impresa e procedure concorsuali. Milano: Giuffrè.
Unstructured Zitierung
Associazione Nazionale Filiera Industriale Automobilistica (ANFIA) (2015)- Processing on Ministry of Infrastructure and Transport data (Aut. Min. D07161/H4).
Unstructured Zitierung
Argenti J. (1976). Corporate Collapse: The Causes and Symptoms. London: Mcgraw Hill.
Unstructured Zitierung
Arnold P.J. (2009). Global financial crisis: The challenge to accounting research. Accounting, organizations and Society,
34(6-7): 803-809.
https://doi.org/10.1016/j.aos.2009.04.004
Unstructured Zitierung
Auteri E., Tesio V. (1990). The Internationalisation of Management at Fiat. Journal of Management Development, 9(6): 6-16.
https://doi.org/10.1108/02621719010143355
Unstructured Zitierung
Barnes P. (1987). The analysis and use of financial ratios. Journal of Business Finance and Accounting, 14(4): 449-461.
https://doi.org/10.1111/j.1468-5957.1987.tb00106.x
Unstructured Zitierung
Bastia P. (1996). Pianificazione e controllo dei risanamenti aziendali. Torino: Giappichelli.
Unstructured Zitierung
Barker III, V. L., Duhaime I. M. (1997). Strategic change in the turnaround process: Theory and empirical evidence. Strategic
management journal, 18(1): 13-38.
https://doi.org/10.1002/(SICI)1097-0266(199701)18:1
Unstructured Zitierung
Benegiamo M., Nardone P. (2014). Tecnocrazia e politica in Italia dalla crisi del 1907 al primo dopoguerra. Pecunia: revista de la Facultad de Ciencias Económicas y Empresariales, (19): 43-60.
Unstructured Zitierung
Berta G. (2006). La FIAT dopo la FIAT. Storia di una crisi. 2000-2005. Milano: Mondadori.
Unstructured Zitierung
Bertini U. (1991). Strategie di sviluppo interno e forme organizzative. In: A. Gozzi (ed.) La definizione e la valutazione delle strategie aziendali. Milano: Etas.
Unstructured Zitierung
Bertoli G. (2000). Crisi d’impresa, ristrutturazione e ritorno al valore. Milano: Egea.
Unstructured Zitierung
Bezemer D.J. (2010). Understanding financial crisis through accounting models. Accounting, organizations and society, 35(7):
676-688.
https://doi.org/10.1016/j.aos.2010.07.002
Unstructured Zitierung
Bhimani A. (2008). The role of a crisis in reshaping the role of accounting. Journal of accounting and public policy, 27(6):
444-454.
https://doi.org/10.1016/j.jaccpubpol.2008.09.002
Unstructured Zitierung
Bonelli F. (1971). La crisi del 1907: una tappa dello sviluppo industriale in Italia. Torino: Fondazione Luigi Einaudi
Unstructured Zitierung
Bordo M.D; Eichengreen B. (1999). Is our Current Economic Environment Unusually Crisis Prone? Capital flows and the International Financial System. Eds David Gruen and Luke Gower. Reserve Bank of Australia.
Unstructured Zitierung
Bordo M. D., Landon-Lane J. S. (2012). The Global Financial Crisis: Is It Unprecedented?. Conference on Global Economic Crisis:
Impacts, Transmission and Recovery, 19-57.
https://doi.org/10.4337/9781781006306.00009
Unstructured Zitierung
Bozzolan S., Cho C.H., Michelon G. (2015). Impression management and organizational audiences: The Fiat group case. Journal
of Business Ethics, 126(1): 143-165.
https://doi.org/10.1007/s10551-013-1991-9
Unstructured Zitierung
Bruner R., Carr S. (2009). The Panic of 1907: Lessons learned from the Market’ s Perfect Storm. NJ (USA): Wiley, Hoboken.
Unstructured Zitierung
Caivano M., Rodano L., Siviero S. (2011). The transmission of the global financial crisis to the Italian economy. Giornale degli economisti e annali di economia, 1-32. -- https://www.jstor.org/stable/41756378.
Unstructured Zitierung
Capalbo E., Grossi G., Ianni L., Sargiacomo M. (2010). Financial Distress and Italian Local Governments: Debating the national
special legislation on “deficiterietà strutturale” and “dissesto finanziario”. Yearbook of Swiss Administrative Sciences,
2(1): 81-90.
https://doi.org/10.5334/ssas.27
Unstructured Zitierung
Caramiello C. (1968). L’azienda nella fase terminale. Pisa: Cursi.
Unstructured Zitierung
Castronovo V. (1999). FIAT, 1899-1999: un secolo di storia italiana. Milano: Rizzoli.
Unstructured Zitierung
Christiano L.J., Eichenbaum M.S., Trabandt M. (2015). Understanding the great recession. American Economic Journal: Macroeconomics,
7(1): 110-167.
https://doi.org/10.1257/mac.20140104
Unstructured Zitierung
Claeys A. S., Cauberghe V. (2012). Crisis response and crisis timing strategies, two sides of the same coin. Public relations
review, 38(1): 83-88.
https://doi.org/10.1016/j.pubrev.2011.09.001
Unstructured Zitierung
Claessens S., Dell’Ariccia G., Igan D., Laeven L. (2010). Cross-country experiences and policy implications from the global
financial crisis. Economic policy, 25(62): 267-293.
https://doi.org/10.1111/j.1468-0327.2010.00244.x
Unstructured Zitierung
Clark J. (2011). Mondo Agnelli: Fiat, Chrysler, and the power of a dynasty. New Jersey (U.S): John Wiley & Sons
Unstructured Zitierung
Coda V. (1987). Crisi di impresa e strategie di superamento. Milano: Giuffrè.
Unstructured Zitierung
Colli A. (2014). Multinationals and economic development in Italy during the twentieth century. Business History Review, 88(2):
303-327.
https://doi.org/10.1017/S000768051400004X
Unstructured Zitierung
Coronella S., Garzella S., Madonna S., Ndombi-Doyila D., Prosperi S., Ruggieri M., (a cura di Poddighe F.) (1997). La FIAT. I primi trent'anni di attività attraverso l'analisi dei bilanci. In: Atti del IV Convegno nazionale di storia della Ragioneria.
Unstructured Zitierung
Danovi A., Quagli A. (2012). Crisi aziendali e processi di risanamento. Prevenzione e diagnosi, terapie, casi aziendali. Milano: Ipsoa.
Unstructured Zitierung
Di Minin A., Frattini F., Piccaluga A. (2010). Fiat: open innovation in a downturn (1993-2003). California Management Review,
52(3): 132-159.
https://doi.org/10.1525/cmr.2010.52.3.132
Unstructured Zitierung
Di Quirico R. (2010). Italy and the global economic crisis. Bulletin of Italian Politics, 2(2), 3-19.
Unstructured Zitierung
Edey M. (2009). The global financial crisis and its effects. Economic Papers: A journal of applied economics and policy, 28(3),
186-195.
https://doi.org/10.1111/j.1759-3441.2009.00032.x
Unstructured Zitierung
Eisenhardt K.M. (1989). Building theories from case study research. Academy of management review, 14(4): 532-550.
https://doi.org/10.5465/amr.1989.4308385
Unstructured Zitierung
De Ianni N. (1995). Capitale e mercato azionario: la Fiat dal 1899 al 1961. Edizioni scientifiche italiane.
Unstructured Zitierung
Dushnitsky G., Graebner M., Zott C. (2020). Entrepreneurial responses to crisis. Strategic Entrepreneurship Journal, 14(4):
537-548.
https://doi.org/10.1002/sej.1383
Unstructured Zitierung
Dutta S., Pullig C. (2011). Effectiveness of corporate responses to brand crises: The role of crisis type and response strategies.
Journal of Business Research, 64(12): 1281-1287.
https://doi.org/10.1016/j.jbusres.2011.01.013
Unstructured Zitierung
Forestieri G. (1986). La previsione delle insolvenze aziendali: profili teorici e analisi empiriche. Milano: Giuffrè.
Unstructured Zitierung
Foschi A. (1991). I bilanci Fiat 1899-1930. In AA.VV (Eds.), Fiat 1899.1930, Storia e documenti. Milano: Fabbri.
Unstructured Zitierung
Foster J.B., Magdoff F. (2009). The great financial crisis: Causes and consequences. New York: NYU Press.
Unstructured Zitierung
Galeotti M. (2006). Governo dell'azienda e indicatori di performance. Torino: Giappichelli.
Unstructured Zitierung
Garzella S., (1997). Il consolidamento dell’attività:1907-1913, In: Coronella S., Garzella S., Madonna S., Ndombi-Doyila D., Prosperi S., Ruggieri M., (a cura di Poddighe F.). La FIAT. I primi trent'anni di attività attraverso l’analisi dei bilanci. In: Atti del IV Convegno nazionale di storia della Ragioneria.
Unstructured Zitierung
Garzella S. (2000). I confini dell’azienda. Un approccio strategico. Milano: Giuffrè.
Unstructured Zitierung
Garzella S. (2005). Il sistema d’azienda e la valorizzazione delle “potenzialità inespresse”: una “visione” strategica per il risanamento. Torino: Giappichelli.
Unstructured Zitierung
Garzella S. (2019). Governo delle sinergie e creazione di valore nella gestione strategica dell’azienda. Torino: Giappichelli.
Unstructured Zitierung
Gorton G.B. (2010). Slapped by the invisible hand: The panic of 2007. Oxford: Oxford University Press.
Unstructured Zitierung
Gotteiner S., Mas-Machuca M., Marimon F. (2019). Turnaround types, stages, strategies, and tactics: Putting things in order.
European Accounting and Management Review, 5(2): 12-37.
https://doi.org/10.26595/eamr.2014.5.2.2
Unstructured Zitierung
Guatri L. (1985). All’origine delle crisi aziendali: cause reali e cause apparenti. Finanza Marketing e Produzione, 1: 11- 29.
Unstructured Zitierung
Guatri L. (1995). Turnaround. Declino, crisi e ritorno al valore. Milano: Egea.
Unstructured Zitierung
Gupta K., Krishnamurti C., Tourani-Rad A. (2013). Is corporate governance relevant during the financial crisis?. Journal of
International Financial Markets, Institutions and Money, 23: 85-110.
https://doi.org/10.1016/j.intfin.2012.10.002
Unstructured Zitierung
Hansen B.A. (2014). A failure of regulation? Reinterpreting the panic of 1907. Business History Review, 88(3): 545-569.
https://doi.org/10.1017/S0007680514000439
Unstructured Zitierung
Haupt H.G., Kocka J. (2004). Comparative history: methods, aims, problems. Comparison and history: Europe in cross-national
perspective, 23-39.
https://doi.org/10.4324/9780203312346_chapter_2
Unstructured Zitierung
Hetzel R.L. (2009). Monetary policy in the 2008-2009 recession. FRB Richmond Economic Quarterly, 95(2): 201-233. -- https://ssrn.com/abstract=2188500.
Unstructured Zitierung
Hopwood A.G. (2009). The economic crisis and accounting: Implications for the research community. Accounting, organizations
and society, 34(6-7): 797-802.
https://doi.org/10.1016/j.aos.2009.07.004
Unstructured Zitierung
Jiang X., Bao Y., Xie Y., Gao (2016). Partner trustworthiness, knowledge flow in strategic alliances, and firm competitiveness:
A contingency perspective. Journal of business research, 69(2): 804-814.
https://doi.org/10.1016/j.jbusres.2015.07.009
Unstructured Zitierung
Kaplan R.S., Norton D.P. (1996). Using the balanced scorecard as a strategic management system. US: Harvard Business Review.
https://doi.org/10.2307/41165876
Unstructured Zitierung
Kobrak C., Wilkins M. (2014). History and Financial Crisis: Lessons from the 20th century. London: Routledge.
https://doi.org/10.4324/9781315873404
Unstructured Zitierung
Lohrke F.T., Bedeian A.G., Palmer T.B. (2004). The role of top management teams in formulating and implementing turnaround
strategies: a review and research agenda. International Journal of Management Reviews, 5(2): 63-90.
https://doi.org/10.1111/j.1460-8545.2004.00097.x
Unstructured Zitierung
Markides C. (1997). To diversify or not to diversify. Harvard Business Review, 75(6): 93-186.
Unstructured Zitierung
Matricano D., Candelo E., Sorrentino M., Martínez-Martínez A. (2019). Absorbing in-bound knowledge within open innovation
processes. The case of Fiat Chrysler Automobiles. Journal of Knowledge Management, 23(4): 786-807.
https://doi.org/10.1108/JKM-10-2018-0625
Unstructured Zitierung
Messner M. (2016). Does industry matter? How industry context shapes management accounting practice. Management Accounting
Research, 3: 103-111.
https://doi.org/10.1016/j.mar.2015.09.001
Unstructured Zitierung
Paniccia P., Formisano V. (2015). The Italian manufacturing industry: challenges and courage. Evidences from the Fiat case. Sinergie Italian Journal of Management, 33: 21-46.
Unstructured Zitierung
Porter M. E. (1989). From competitive advantage to corporate strategy (pp. 234-255). UK: Macmillan Education.
https://doi.org/10.1007/978-1-349-20317-8_17
Unstructured Zitierung
Progetto archivio storico FIAT (1987). I primi quindici anni della Fiat. Verbali dei consigli di amministrazione 1899-1915, Vol. I e II. Milano: FrancoAngeli.
Unstructured Zitierung
Prometeia, UnionCamere (2015). Il settore automotive nei principali paesi europei. Ricerca promossa dalla 10a Commissione Industria, Commercio, Turismo del Senato della Repubblica Roma, 28.
Unstructured Zitierung
Rubenstein J. M. (2001). Making and selling cars: Innovation and change in the US automotive industry. Usa: JHU Press.
Unstructured Zitierung
Schoch K. (2020). Case study research. Research design and methods: An applied guide for the scholar-practitioner. SAGE Publications, 245-258.
Unstructured Zitierung
Servalli S. (2007). Il metodo e l’analisi sistemica nelle ricerche di Storia della Ragioneria. Contabilità e cultura aziendale, 2: 59-78.
Unstructured Zitierung
Shachmurove Y. (2011). A historical overview of financial crises in the United States. Global Finance Journal, 22(3): 217-231.
https://doi.org/10.1016/j.gfj.2011.10.012
Unstructured Zitierung
Silber W. L. (2006). Birth of the Federal Reserve: Crisis in the womb. Journal of Monetary Economics, 53(2): 351-368.
https://doi.org/10.1016/j.jmoneco.2004.10.012
Unstructured Zitierung
Tallman E.W., Moen J.R. (2018). The transmission of the financial crisis in 1907: an empirical investigation. Cliometrica,
12(2): 277-312.
https://doi.org/10.1007/s11698-017-0161-1
Unstructured Zitierung
Tedeschi Toschi A. (1993). Crisi d’impresa tra sistema e management per un approccio allo studio delle crisi aziendali. Milano: Egea.
Unstructured Zitierung
Tiscini R. (2014), Economia della crisi d’impresa. Milano: Egea.
Unstructured Zitierung
Toniolo G. (2013). La crescita economica italiana, 1861-2011. In: l’Italia e l’economia mondiale: dall’unità a oggi. Venezia: Marsilio.
Unstructured Zitierung
Tron A., Dallocchio M., Ferri S., Colantoni F. (2022). Corporate governance and financial distress: lessons learned from an
unconventional approach. Journal of Management and Governance: 1-32.
https://doi.org/10.1007/s10997-022-09643-8
Unstructured Zitierung
Van Biesebroeck J., Sturgeon T. J. (2010). Effects of the 2008-09 crisis on the automotive industry in developing countries:
a global value chain perspective. Global Value Chains in a Postcrisis World. Washington, DC: The World Bank, 209-244.
https://doi.org/10.1596/1813-9450-5330
Unstructured Zitierung
Villalonga B., McGahan A.M. (2005). The choice among acquisitions, alliances, and divestitures. Strategic Management Journal,
26(13): 1183-1208.
https://doi.org/10.1002/smj.493
Unstructured Zitierung
Volpato G. (1983). L'industria automobilistica internazionale: espansione, crisi e riorganizzazione (Vol. 4). Padova: Cedam.
Unstructured Zitierung
Volpato G. (2001). Corporate Governance at Fiat SpA. CGEP Project Paper, July.
Unstructured Zitierung
Yin R.K. (2018). Case Study Research and Applications. Design and Methods. London: 6th Ed., Page.
Unstructured Zitierung
Yin R. K. (2003). Design and methods. Case study research, 3(9.2). Thousand Oaks, CA: Sage Publications
Unstructured Zitierung
Wadhwani R.D., Lubinski C. (2017). Reinventing entrepreneurial history. Business History Review, 91(4): 767-799.
https://doi.org/10.1017/S0007680517001374
Unstructured Zitierung
Zito M. (1999). Fisiologia e patologia delle crisi di impresa. Milano: Giuffrè.