IDEAS home Printed from https://ideas.repec.org/a/fan/macoma/vhtml10.3280-maco2021-002-s1004.html
   My bibliography  Save this article

La valutazione degli investimenti in industria 4.0: oltre l?old wine in new bottles

Author

Listed:
  • Riccardo Giannetti
  • Lino Cinquini
  • Mario Rapaccini

Abstract

Industry 4.0 technologies significantly impact business models, competitive strategies and the configuration of production systems. The evaluation of the economic and financial impacts is problematic since these technologies are complex and heterogeneous. Furthermore, these technologies can be combined in various manners, generating unpredictable effects that bring about a great deal of uncertainty in the evaluation process. There is a need to assess both the monetary and non-monetary aspects of introducing these technologies, especially in the context of small and medium-sized enterprises (SMEs) that frequently have less sophisticated management accounting systems. This article presents an evaluation model and examines how this model has been developed in collaboration with different stakeholders, shedding light on various tangible and intangible aspects under assessment and the computational aspects of the evaluation. The results show that to conceive a model with a satisfactory degree of fit, its structure must be aligned with the specific context, particularly with the cultural and technical profile of the user.

Suggested Citation

  • Riccardo Giannetti & Lino Cinquini & Mario Rapaccini, 2021. "La valutazione degli investimenti in industria 4.0: oltre l?old wine in new bottles," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2021(suppl. 2), pages 65-90.
    • Handle: RePEc:fan:macoma:v:html10.3280/maco2021-002-s1004
    as

    Download full text from publisher

    File URL: http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=69337&Tipo=ArticoloPDF
    Download Restriction: Single articles can be downloaded buying download credits, for info: https://www.francoangeli.it/DownloadCredit
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Ahrens, Thomas & Chapman, Christopher S., 2007. "Management accounting as practice," Accounting, Organizations and Society, Elsevier, vol. 32(1-2), pages 1-27.
    2. Irani, Zahir & Ghoneim, Ahmad & Love, Peter E.D., 2006. "Evaluating cost taxonomies for information systems management," European Journal of Operational Research, Elsevier, vol. 173(3), pages 1103-1122, September.
    3. Baxter, Jane & Chua, Wai Fong, 2003. "Alternative management accounting research--whence and whither," Accounting, Organizations and Society, Elsevier, vol. 28(2-3), pages 97-126.
    4. Glen C. Arnold & Panos D. Hatzopoulos, 2000. "The Theory‐Practice Gap in Capital Budgeting: Evidence from the United Kingdom," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 27(5‐6), pages 603-626, June.
    5. Gebauer, Heiko & Fleisch, Elgar & Lamprecht, Claudio & Wortmann, Felix, 2020. "Growth paths for overcoming the digitalization paradox," Business Horizons, Elsevier, vol. 63(3), pages 313-323.
    6. Teemu Malmi & Pekka Jarvinen & Paul Lillrank, 2004. "A collaborative approach for managing project cost of poor quality," European Accounting Review, Taylor & Francis Journals, vol. 13(2), pages 293-317.
    7. Davila, Tony, 2000. "An empirical study on the drivers of management control systems' design in new product development," Accounting, Organizations and Society, Elsevier, vol. 25(4-5), pages 383-409, May.
    8. Glen C. Arnold & Panos D. Hatzopoulos, 2000. "The Theory-Practice Gap in Capital Budgeting: Evidence from the United Kingdom," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 27(5&6), pages 603-626.
    9. Francesca Sgr? & Federica Palazzi & Massimo Ciambotti & Lorenzo Gelsomini, 2020. "Factors promoting and hindering the adoption of management accounting tools. Evidence from Italian manufacturing SMEs," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2020(Suppl. 1), pages 19-38.
    10. Yang, ChunLei & Modell, Sven, 2015. "Shareholder orientation and the framing of management control practices: A field study in a Chinese state-owned enterprise," Accounting, Organizations and Society, Elsevier, vol. 45(C), pages 1-23.
    11. Vicki C. Baard & John Dumay, 2020. "Interventionist research in accounting: reflections on the good, the bad and the ugly," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(3), pages 1979-2006, September.
    12. Paul Schneider, 2018. "Managerial challenges of Industry 4.0: an empirically backed research agenda for a nascent field," Review of Managerial Science, Springer, vol. 12(3), pages 803-848, July.
    13. Cristiano Busco & Paolo Quattrone, 2015. "Exploring How the Balanced Scorecard Engages and Unfolds: Articulating the Visual Power of Accounting Inscriptions," Contemporary Accounting Research, John Wiley & Sons, vol. 32(3), pages 1236-1262, September.
    14. Burchell, Stuart & Clubb, Colin & Hopwood, Anthony & Hughes, John & Nahapiet, Janine, 1980. "The roles of accounting in organizations and society," Accounting, Organizations and Society, Elsevier, vol. 5(1), pages 5-27, January.
    15. Thuy Duong Oesterreich & Frank Teuteberg, 2018. "Why one big picture is worth a thousand numbers: measuring intangible benefits of investments in augmented reality based assistive technology using utility effect chains and system dynamics," Information Systems and e-Business Management, Springer, vol. 16(2), pages 407-441, May.
    16. Matti Skoog, 2020. "Management Control Theory and Practice Integration - Challenges and Possibilities," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2020(Suppl. 1), pages 11-17.
    17. Maria Serena Chiucchi & Marco Gatti, 2020. "Back to reality. Il gap tra teoria e prassi negli studi di controllo di gestione: quali prospettive?," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2020(Suppl. 1), pages 5-10.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Fabio Nappo & Alessandra Lardo & Maria Teresa Bianchi & Federico Schimperna, 2023. "The impact of digitalisation on professional football clubs," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2023(2), pages 117-136.
    2. Paolo Bogarelli & Nicola Castellano, 2023. "L?implementazione di tecnologie 4.0 nelle piccole imprese: analisi di un caso di successo," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2023(2), pages 137-164.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jørgensen, Brian & Messner, Martin, 2010. "Accounting and strategising: A case study from new product development," Accounting, Organizations and Society, Elsevier, vol. 35(2), pages 184-204, February.
    2. Lorino, Philippe & Mourey, Damien & Schmidt, Géraldine, 2017. "Goffman's theory of frames and situated meaning-making in performance reviews. The case of a category management approach in the French retail sector," Accounting, Organizations and Society, Elsevier, vol. 58(C), pages 32-49.
    3. Boedker, Christina & Chong, Kar-Ming & Mouritsen, Jan, 2020. "The counter-performativity of calculative practices: Mobilising rankings of intellectual capital," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 72(C).
    4. Palermo, Tommaso & Power, Michael & Ashby, Simon, 2022. "How accounting ends: self-undermining repetition in accounting lifecycles," LSE Research Online Documents on Economics 115278, London School of Economics and Political Science, LSE Library.
    5. Fasshauer, Ingrid, 2012. "Les interactions entre contrôle et stratégie : redéfinition du rôle des cadres intermédiaires et du levier interactif de contrôle," Economics Thesis from University Paris Dauphine, Paris Dauphine University, number 123456789/11150 edited by Berland, Nicolas.
    6. Aziza Laguecir & Anja Kern & Cécile Kharoubi, 2020. "Management accounting systems in institutional complexity: Hysteresis and boundaries of practices in social housing," Post-Print hal-03134361, HAL.
    7. Ahrens, Thomas & Becker, Albrecht & Burns, John & Chapman, Christopher S. & Granlund, Markus & Habersam, Michael & Hansen, Allan & Khalifa, Rihab & Malmi, Teemu & Mennicken, Andrea & Mikes, Anette & P, 2008. "The future of interpretive accounting research—A polyphonic debate," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 19(6), pages 840-866.
    8. Englund, Hans & Gerdin, Jonas & Burns, John, 2011. "25 Years of Giddens in accounting research: Achievements, limitations and the future," Accounting, Organizations and Society, Elsevier, vol. 36(8), pages 494-513.
    9. Clément Feger & Laurent Mermet, 2017. "A blueprint towards accounting for the management of ecosystems," Post-Print hal-01930913, HAL.
    10. Yu, Lichen & Mouritsen, Jan, 2020. "Accounting, simultaneity and relative completeness: The sales and operations planning forecast and the enactment of the ‘demand chain’," Accounting, Organizations and Society, Elsevier, vol. 84(C).
    11. Huikku, Jari & Mouritsen, Jan & Silvola, Hanna, 2017. "Relative reliability and the recognisable firm: Calculating goodwill impairment value," Accounting, Organizations and Society, Elsevier, vol. 56(C), pages 68-83.
    12. Sanna Hilden & Kati Tikkamäki, 2013. "Reflective Practice as a Fuel for Organizational Learning," Administrative Sciences, MDPI, vol. 3(3), pages 1-20, July.
    13. Olivier Rousse, 2008. "On the bias of yield-based capital budgeting methods," Economics Bulletin, AccessEcon, vol. 7(9), pages 1-8.
    14. Roopali Batra & Satish Verma, 2014. "An Empirical Insight into Different Stages of Capital Budgeting," Global Business Review, International Management Institute, vol. 15(2), pages 339-362, June.
    15. Luciano Marchi, 2021. "Temi e medodologie di ricerca nell?area Management Control: stato dell?arte e prospettive," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2021(2), pages 165-170.
    16. Anne Pezet & Jérémy Morales, 2010. "Les contrôleurs de gestion, « médiateurs » de la financiarisation," Post-Print halshs-00498673, HAL.
    17. Power, Michael, 2015. "How accounting begins: Object formation and the accretion of infrastructure," Accounting, Organizations and Society, Elsevier, vol. 47(C), pages 43-55.
    18. Vijaya Murthy & Jim Rooney, 2018. "The Role of Management Accounting in Ancient India: Evidence from the Arthasastra," Journal of Business Ethics, Springer, vol. 152(2), pages 323-341, October.
    19. Marcin Pawlak & Dariusz Zarzecki, 2020. "Investment Appraisal Practice in the European Union Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 687-699.
    20. Gil Cohen & Joseph Yagil, 2010. "Sectorial differences in corporate financial behavior: an international survey," The European Journal of Finance, Taylor & Francis Journals, vol. 16(3), pages 245-262.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fan:macoma:v:html10.3280/maco2021-002-s1004. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stefania Rosato (email available below). General contact details of provider: http://www.francoangeli.it/riviste/sommario.aspx?IDRivista=166 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.