Ricerc@Sapienza

We propose an alternativefirm-level measure for innovation activities—R&D elasticity—and we analyse itseffects on the Tobin's Q of listed companies on the Euronext 100 Index. Wefind that R&D elasticity is positivelyrelated to market appreciation by stakeholder investors. Moreover, we analyse the role of default risk in therelationship between innovation activities and market value, andfind thatfirms' default probabilities are ne-gatively related to Tobin's Q.

Gli studiosi da più parti hanno tentato di sistematizzare ed interpretare il complesso, e talvolta tortuoso, percorso di riforma che ha interessato la pubblica amministrazione italiana da oltre un ventennio, ricorrendo a paradigmi teorici già applicati in contesti internazionali. Tra questi, quello dell’accountability, nei suoi diversi profili e nell’ambito della teoria dell’agenzia, ha senz’altro rivestito uno dei più impiegati (Grey & Jenkins, 1993).

Purpose – This paper aims to pinpoint the technological transformation impact on food as the cultural
phenomenon for destination brand identity and management as the novel approach for the stakeholder causal
scope (SCS) analysis in culinary tourism. Thus, this paper attempts to answer the following research question:
What is the role of technological transformation in addressing stakeholder engagement of culinary tourism?
Design/methodology/approach – The research is based on the systematic two-decade literature review