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Milano, Italy

Bocconi University is a private university in Milan, Italy. Bocconi provides undergraduate, graduate and post-graduate education, in addition to a range of double degree programs, in the fields of economics, management, finance, law and public administration.The university is considered to be among the top 10 best business schools in Europe according to the 2013 Financial Time's European Business School Rankings. It is also among the top 25 best institutions in the world in the fields of Economics, Econometrics, Accounting and Finance in the latest QS World University Rankings. Furthermore, it ranked 25th worldwide in the 2014 QS 'Social science and Management' Faculty Rankings. Degrees are offered both in English and Italian.SDA Bocconi, the university's business school, offers MBA and Executive MBA programs. Its MBA program was ranked 26th in the Financial Times '​ Global MBA Rankings 2015. SDA Bocconi was also ranked 16th by Businessweek's Top Global Schools for its MBA and 7th among European business schools. Bocconi complements its research through several dedicated research centers. Wikipedia.

Percoco M.,Bocconi University
Urban Studies | Year: 2010

The role of infrastructure as a factor of growth and development of countries and regions is often considered to be crucial. Among the various types of transport infrastructure, airports are considered as particularly strategic because of the increasing importance of air transport in connecting territories. This paper studies the impact of airports on Italian provinces. To this end, it builds on the framework proposed by Brueckner, where sectoral employment is regressed on a series of controls and on airline traffic. That framework is extended to take account of selection bias due to the location choices of airports and spatial spillover effects. It is found that the elasticity of service-sector employment to airport passengers is 0.045 and that of spillover effects due to neighbouring airports is almost 0.017. © 2010 Urban Studies Journal Limited. Source

Gagliardi L.,Bocconi University
Papers in Regional Science | Year: 2014

What is the effect of an increase in the stock of human capital due to skilled immigration on the innovative performance of recipient economies? Combining firm-level micro-data with area-level labour force information, this paper investigates the impact of skilled international migration inflows on firms' product and process innovation in British local labour market areas. The paper supports the evidence in favour of a causal link between immigration and innovation. Results also show that the nature of the innovative process and the typology of innovative activities performed by local firms play a key role in the relation between immigration and innovation. © 2014 RSAI. Source

Troilo G.,Bocconi University
Journal of Product Innovation Management | Year: 2014

This study investigates the nonobvious interrelationship between slack resources and radical innovation. While organizational slack and innovation literature has implicitly recognized a link between these constructs, at least two important aspects of their relationship have been overlooked. First, little attention has been paid to the mechanisms by which slack resources become beneficial for radical innovation. Drawing on information search and organizational learning theories, we propose distal search activity - searching for information outside the current knowledge domain of the firm - as a mediating variable between slack resources and radical innovation. Second, little consideration has been given to the strategic orientation of the firm as the context in which slack resources are deployed to enhance radical innovation. Adopting Miles and Snow's typology of strategic archetypes, we propose a moderating role of strategy in the slack resources-distal search-radical innovation chain of relations. We tested our hypotheses on a sample of Chinese high-technology firms, using multiple informant survey data and regression analysis. Our results indicate that slack resources are positively related to radical innovation, and that this relationship is partially mediated by distal search. Thus, there appear to be two routes (one direct, one indirect) to transform slack resources into radical innovation. Further, moderation analysis shows that the effect of slack resources on distal search is strongest among analyzers, while the effect of distal search on radical innovation is strongest among defenders. In sum, our results suggest that analyzers are relatively more dependent on the amount of slack resources compared to other strategy types, that is, resource constraints would have a more negative effect on analyzers. We discuss theoretical and managerial implications of our study and conclude by suggesting future research opportunities. © 2013 Product Development & Management Association. Source

Favero C.,Bocconi University | Missale A.,University of Milan
Economic Policy | Year: 2012

In this paper, we provide new evidence on the determinants of sovereign yield spreads and 'market sentiment' effects in the eurozone in order to evaluate the rationale for a common Eurobond jointly guaranteed by eurozone Member States. We find that default risk is the main driver of yield spreads, suggesting small gains from greater liquidity. Fiscal fundamentals matter in the pricing of default risk but only as they interact with other countries' yield spreads; that is, with the global risk that the market perceives. More importantly, the impact of this global risk variable is not constant over time, a clear sign of contagion driven by shifts in market sentiment. This evidence points to a discontinuity in the disciplinary role of financial markets. If markets can stay irrational longer than a country can stay solvent, then the role of yield spreads on national bonds as a fiscal discipline device is considerably weakened, and issuing Eurobonds can be economically justified. © CEPR, CES, MSH, 2012. Source

Ghislandi S.,Bocconi University
Journal of Health Economics | Year: 2011

By introducing n (>1) firms with infinite cross-price elasticity (i.e. generic drugs), we explore the effects of competition on the optimal pricing strategies under a Reference Pricing Scheme (RPS). A two-stage model repeated infinite number of times is presented. When stage 1 is competitive, the equilibrium in pure strategies exists and is efficient only if the reference price (R) does not depend on the price of the branded product. When generics collude, the way R is designed is crucial for both the stability of the cartel among generics and the collusive prices in equilibrium. An optimally designed RPS must set R as a function only of the infinitely elastic side of the market and should provide the right incentives for competition. © 2011 Elsevier B.V. Source

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