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Il livello di disclosure volontaria del modello di business all'interno del prospetto informativo di quotazione

Author

Listed:
  • Carlo Bagnoli

    (Department of Management, Università Ca' Foscari Venezia)

  • Giulia Redigolo

    (Università Ca' Foscari Venezia)

Abstract

This paper aims to identify the level of business model voluntary disclosure adopted by three manufacturing companies within Initial Public Offering (IPO) prospectus in order to investigate whether any differences in the level of disclosure may depend on differences among their business models (due, primarily, to the type of innovation used). A series of interviews conducted with the top management allowed to deeply understand the business model of each company. Furthermore, two different content analysis (qualitative and quali-quantitative) has been developed to point out the strategic themes contained in the IPO prospectus and their relevance. Focusing the analysis on business model concepts makes it possible to recognize a set of themes common to the companies and others that are exclusives to each company. The exclusives features have been used to determine the business model disclosure level adopted by each selected company in its IPO prospectus. Finally, the study shows how companies with a business model based on design-driven and technology-push innovation have a lower propensity to disclose their distinctive resources.

Suggested Citation

  • Carlo Bagnoli & Giulia Redigolo, 2011. "Il livello di disclosure volontaria del modello di business all'interno del prospetto informativo di quotazione," Note di Ricerca 2, Department of Management, Università Ca' Foscari Venezia.
    • Handle: RePEc:vnm:notric:2
    as

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    References listed on IDEAS

    as
    1. G.A. Feltham & J.Z. Xie, 1992. "Voluntary financial disclosure in an entry game with continua of types," Contemporary Accounting Research, John Wiley & Sons, vol. 9(1), pages 46-80, September.
    2. Dye, Ronald A., 2001. "An evaluation of "essays on disclosure" and the disclosure literature in accounting," Journal of Accounting and Economics, Elsevier, vol. 32(1-3), pages 181-235, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    disclosure; modello di business; prospetto informativo; innovazione;
    All these keywords.

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics
    • L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment

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