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

Carlo Bagnoli () and Giulia Redigolo ()
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Carlo Bagnoli: Department of Management, Università Ca' Foscari Venezia

No 2, Note di Ricerca from Venice School of Management - Department of Management, 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.

Keywords: disclosure; modello di business; prospetto informativo; innovazione (search for similar items in EconPapers)
JEL-codes: G18 L1 L61 L63 M41 M48 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2011-06
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