Favero, Gambardella and Soda Awarded for Research Impact
Carlo Favero (Department of Finance's Director and IGIER's President), Alfonso Gambardella (Department of Management's Director) and Giuseppe Soda (SDA Bocconi School of Management's Dean) are the recipients of the Bocconi's 2017 Research Impact Awards.
The award, at its second edition, was established to stimulate the production of research relevant both to the scientific community and to society. Eligible works had to be published between 7 and 3 years ago and have been rated based on citations and impact on the public debate and in policymaking.
Carlo Favero has been awarded for Sovereign spreads in the eurozone: which prospects for a Eurobond? (with Alessandro Missale, in Economic Policy, doi:10.1111/j.1468-0327.2012.00282.x),a paper that, according to the motivation, "provides evidence on the benefits and the costs of a common Eurobond. The authors provide new evidence on the determinants of sovereign yield spreads and 'market sentiment' effects in the euro-zone in order to evaluate the rationale for a common Eurobond jointly guaranteed by euro-zone Member States (...).The paper has been widely cited both in the academic debate and in the ongoing political evaluation of the prospects for the mutualization of credit risk in the Euro area. The results in the paper have been presented at the European Parliament, at the European Commission, at the European Central Bank and at ASTRID Seminar".
Alfonso Gambardella received his award for Ideas for Rent: An Overview of Markets for Technology (in Industrial and Corporate Change, doi:10.1093/icc/dtq022). "This paper belongs to a stream of research on the markets for technologies, i.e. the trade of technologies (intangible assets) disembodied from physical goods (tangible assets). The focus is on the functioning and mechanism of technology markets and their consequences, which is very different from traditional markets on physical goods", the motivation says. "The significance of the paper in both research and managerial practice is reflected in the high number of scholarly citations as well as recognition among practitioners".
A Network Perspective on Organizational Architecture: Performance Effects of The Interplay of Formal and Informal Organization (in Strategic Management Journal, doi:10.1002/smj.1966) earned Giuseppe Soda the award. "The paper is unique in conceptualizing the interplay between the formal and informal networks. While the network literature has previously focused on the informal network (the bottom-up processes), this paper adds the formally designed organizational mechanism (top-down processes) and develops an understanding of the interplay between these networks in forming individual-level performance", according to the motivation. "The significance of the paper is perfectly expressed in this quote from Nicola Pela (former HR-manager of Luxottica): 'All managers refer to informal organization emerging from interactions at coffee vending machines as the most effective way to get things done. However, how informal integrates with formal organization has always been just an intuition'".
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Bocconi Knowledge on Carlo Favero's paper
Carlo Favero in a video highlights the results of his paper
Bocconi Knowledge on Alfonso Gambardella's paper
Bocconi Knowledge on Giuseppe Soda's research program that led to the awarded paper