Salvatore Madonna graduated in business economics in 1995 at the University of Pisa and received his PhD in 1998 at the Sant’Anna School of Advanced Studies in Pisa. In 2000 he passed the National Academic Qualification as Academic Researcher at the Faculty of Economics (University of Pisa). He was Associate Professor at the Faculty of Economics (University of Ferrara) from 2002 to November 2006, when he became Full Professor.
His research mainly focuses on financial statement analysis, company performance measurement, value creation and evaluation, corporate reporting, human capital, corporate crisis, tourist industry management focused on accommodation facilities.
TEACHING
He taught in the Universities of Pisa, Sassari and Ferrara, on the following courses:
• General and Applied Accounting, involving double-entry bookkeeping in the perspective of corporate reporting redaction;
• Financial Statements Analysis, involving the study of corporate reporting and of financial disclosure;
• Financial Accounting Measurement and Reporting, on the topic of value creation, measurement and corporate reporting;
• Financial Statement, on drafting and informational power of financial statements, both for value creation and for responding to stakeholders need;
• Financial Statement Accounting and Analysis, on drafting and analyzing corporate financial disclosure;
• Professional Technique, on managing and reporting extraordinary corporate operations;
• Corporate Capital Evaluation, on value creation and evaluation;
• Economy of Tourist Companies, on managing and reporting tourist companies activity from the perspective of value creation, stakeholders need and corporate disclosure.
OTHER INSTITUTIONAL ACTIVITIES
• Supervisor for the Master in Finance and Management Control (Department of Business Economics – University of Pisa);
• Area supervisor for the Master in Management and Corporate Reporting (Department of Business Economics – University of Pisa);
• Vice-Director for the Master in Local Institutions and Public Administrations performance improvement (Department of Economics – University of Ferrara);
• Member of the directive board of the Master CFO – Chief Financial Officer (University of Ferrara), in partnership with ANDAF (Associazione nazionale direttori finanziari d’azienda), from 2007 to 2010;
• Member of the Scientific Board of the PhD in Business Economics of the Universities of Ferrara, Parma and Pisa;
• Lecturer in several seminars and lectures on Specialization Courses in public and private institutions;
• Partner with national research centers, for studies on corporate evaluation in stable and unstable conditions;
• Member and President of the board for the habilitation of Business Consultants and Auditors;
• Member of AIDEA – Accademia Italiana di Economia Aziendale (Italian Academy of Business Economics), SISR – Società Italiana di Storia della Ragioneria (Italian Society of Accounting History), SIDREA – Società Italiana dei Docenti di Ragioneria e di Economia Aziendale (Italian Society of Accounting and Business Economics Professors);
• Member of the Department Council and of the board for patents and spin-offs of the University of Ferrara;
• Member of the Managerial board of the University of Ferrara (until 2012);
• Assistant Rector for the University Financial Statement (until 2010);
• Vice-Rector at the University of Ferrara;
• Supervisor of the regional laboratory on corporate crisis (Emilia-Romagna region);
• Member of the scientific board for “Alleanza delle cooperative Italiane – Emilia Romagna” (Italian cooperatives alliance – Emilia Romagna region);
• Assistant Rector for Inter-University Agreements and Professors Mobility (from 2017).
• Board of Directors member at the University of Ferrara.
MAIN RESEARCH PROJECTS
1.
ROLE: Supervisor
SPONSOR DENOMINATION: Chamber of Commerce of Ferrara;
DENOMINATION: Le politiche di contrasto della crisi aziendale: i modelli di previsione delle insolvenze nell'ambito delle azioni preventive. Soluzioni per il contesto economico Ferrarese
SUBJECT: Sustainability; Corporate crisis; Bankruptcy prediction models
2.
ROLE: Supervisor
SPONSOR DENOMINATION: Unicredit Bank
DENOMINATION: Studi sulla crisi aziendale
SUBJECT: Corporate crisis
3.
ROLE: Supervisor
SPONSOR DENOMINATION: ACRI
DENOMINATION: Gestione del patrimonio e politiche erogative nelle fondazioni di origine bancaria
SUBJECT: Banking foundations; Value creation; Stakeholders need; Business model
4.
ROLE: Supervisor
SPONSOR DENOMINATION: Emilia-Romagna Region
DENOMINATION: Sistema di analisi ed individuazione preventiva di situazioni di crisi aziendali
SUBJECT: Corporate crisis; Sustainability; Corporate reporting
5.
ROLE: Supervisor
SPONSOR DENOMINATION: ACRI
DENOMINATION: Le fondazioni bancarie in Italia: quadro istituzionale e normativo, modelli di governance, linee strategiche di intervento, comunicazione economico-finanziaria e sociale
SUBJECT: Banking foundations; Corporate reporting; Business model
Sustainability; Financial and non-financial disclosure
6.
ROLE: Research Unit supervisor
SPONSOR DENOMINATION: MIUR
DENOMINATION: PRIN 2013 - L’evoluzione del contributo dell’analisi di bilancio nella costruzione dei modelli di previsione delle insolvenze nella dottrina italiana dopo gli anni 70. Un’indagine empirica sulla capacità previsionale nell’ambito delle piccole e medie aziende SUBJECT: Financial disclosure; Sustainability; Corporate reporting; Corporate crisis; Bankruptcy prediction models; Business model
MAIN PUBLICATION TOPICS
His literature contributions mainly focuses on the following fields of study:
- corporate reporting;
- business model;
- value creation;
- human capital;
- corporate crisis and bankruptcy prediction models
- accounting history.
LATEST CONFERENCES PRESENTATIONS
- “Il Monte di Pietà di Ferrara. Evoluzione storica dei modelli di governance e dei sistemi informativo-contabili” 10th Accounting History National Conference “Contabilità e Bilanci per l'Amministrazione Economica. Stato e istituzioni di interesse pubblico in Italia dal XVI al XX secolo”, Milan 5-7 November 2009, Bocconi University.
- “Il Senato della Repubblica nel processo di costruzione dello Stato unitario. Evoluzione storica dei modelli di governance e dei sistemi informativo-contabili” 11th Accounting History National Conference - “Finalismo e ruolo delle aziende ne processo di costruzione dello Stato unitario. Modelli aziendali e sistemi di produzione in Italia dal XIX al XX Secolo”, Rome 2-3 December 2011, Palazzo Montecitorio.
- “The 1771 and 1824 Reforms of the University of Ferrara: Foucauldian issues at the balance with Papal interests” 7th Accounting History International Conference, “Innovation in accounting thought and practice”, Seville (Spain), 25-27 September 2013.
- “L'impatto dei cambiamenti del contesto socio-politico italiano sull'amministrazione della Real Casa. Evoluzione storica dei modelli di governance e dei sistemi informativo-contabili” 7th Accounting History National Conference “Ragioneria e Accounting tra XIX e XX Secolo: profili evolutivi e concettuali a confronto”, Parma 28-29 November 2013.
- “L’andamento delle strutture ricettive in città e in provincia: considerazioni di scenario”, Workshop “Marketing e Creazione del Valore per il Territorio”, Ferrara 27th October 2014.
- “L'accuratezza dei modelli di previsione delle insolvenze: un'analisi comparata tra modelli discriminanti multivariati nel contesto italiano” 37th AIDEA Annual Conference "Sviluppo, sostenibilità e competitività delle aziende: il contributo degli economisti aziendali", Piacenza 10-11-12 September 2015, Università Cattolica del Sacro Cuore.
- “Le performance dei modelli di previsione delle insolvenze in Emilia Romagna: un’analisi comparata”, SIDREA 2016 “Il governo aziendale tra tradizione e innovazione”, Pisa 15-16 September 2016 – University of Pisa.
- “Il Monte di Pietà di Ferrara e le politiche di contrasto della crisi. Evoluzione dei modelli di governance e dei sistemi informativo-contabili a seguito dei dissesti del 1598 e del 1646”, 8th Accounting History National Conference “Storie di banche e di istituzioni finanziarie in una prospettiva economico-aziendale”, Mantua 24-25 November 2016 – University of Verona.
- “La value relevance del dato contabile nelle attese degli stakeholder: un’analisi dell’evoluzione nel segmento STAR di Borsa Italiana”, SIDREA 2018 “Nuove frontiere del reporting aziendale. La comunicazione agli stakeholders tra vincoli normativi e attese informative”, Verona 13 e 14 September 2018 – University of Verona.
- “Dietro le quinte dell’accountability: il Teatro Comunale di Ferrara nel XIX secolo”, SISR 2018 “Storia della Ragioneria e Arti”, Turin 22 e 23 November 2018 – University of Turin.
- “Scelte manageriali sulla rivalutazione dei beni d’impresa in tempi di crisi”, SIDREA 2020 “Dalla crisi allo sviluppo sostenibile: principi e soluzioni nella prospettiva economico-aziendale”, University of Bari "Aldo Moro", virtual meeting, 20 – 27 November 2020.
His research mainly focuses on financial statement analysis, company performance measurement, value creation and evaluation, corporate reporting, human capital, corporate crisis, tourist industry management focused on accommodation facilities.
TEACHING
He taught in the Universities of Pisa, Sassari and Ferrara, on the following courses:
• General and Applied Accounting, involving double-entry bookkeeping in the perspective of corporate reporting redaction;
• Financial Statements Analysis, involving the study of corporate reporting and of financial disclosure;
• Financial Accounting Measurement and Reporting, on the topic of value creation, measurement and corporate reporting;
• Financial Statement, on drafting and informational power of financial statements, both for value creation and for responding to stakeholders need;
• Financial Statement Accounting and Analysis, on drafting and analyzing corporate financial disclosure;
• Professional Technique, on managing and reporting extraordinary corporate operations;
• Corporate Capital Evaluation, on value creation and evaluation;
• Economy of Tourist Companies, on managing and reporting tourist companies activity from the perspective of value creation, stakeholders need and corporate disclosure.
OTHER INSTITUTIONAL ACTIVITIES
• Supervisor for the Master in Finance and Management Control (Department of Business Economics – University of Pisa);
• Area supervisor for the Master in Management and Corporate Reporting (Department of Business Economics – University of Pisa);
• Vice-Director for the Master in Local Institutions and Public Administrations performance improvement (Department of Economics – University of Ferrara);
• Member of the directive board of the Master CFO – Chief Financial Officer (University of Ferrara), in partnership with ANDAF (Associazione nazionale direttori finanziari d’azienda), from 2007 to 2010;
• Member of the Scientific Board of the PhD in Business Economics of the Universities of Ferrara, Parma and Pisa;
• Lecturer in several seminars and lectures on Specialization Courses in public and private institutions;
• Partner with national research centers, for studies on corporate evaluation in stable and unstable conditions;
• Member and President of the board for the habilitation of Business Consultants and Auditors;
• Member of AIDEA – Accademia Italiana di Economia Aziendale (Italian Academy of Business Economics), SISR – Società Italiana di Storia della Ragioneria (Italian Society of Accounting History), SIDREA – Società Italiana dei Docenti di Ragioneria e di Economia Aziendale (Italian Society of Accounting and Business Economics Professors);
• Member of the Department Council and of the board for patents and spin-offs of the University of Ferrara;
• Member of the Managerial board of the University of Ferrara (until 2012);
• Assistant Rector for the University Financial Statement (until 2010);
• Vice-Rector at the University of Ferrara;
• Supervisor of the regional laboratory on corporate crisis (Emilia-Romagna region);
• Member of the scientific board for “Alleanza delle cooperative Italiane – Emilia Romagna” (Italian cooperatives alliance – Emilia Romagna region);
• Assistant Rector for Inter-University Agreements and Professors Mobility (from 2017).
• Board of Directors member at the University of Ferrara.
MAIN RESEARCH PROJECTS
1.
ROLE: Supervisor
SPONSOR DENOMINATION: Chamber of Commerce of Ferrara;
DENOMINATION: Le politiche di contrasto della crisi aziendale: i modelli di previsione delle insolvenze nell'ambito delle azioni preventive. Soluzioni per il contesto economico Ferrarese
SUBJECT: Sustainability; Corporate crisis; Bankruptcy prediction models
2.
ROLE: Supervisor
SPONSOR DENOMINATION: Unicredit Bank
DENOMINATION: Studi sulla crisi aziendale
SUBJECT: Corporate crisis
3.
ROLE: Supervisor
SPONSOR DENOMINATION: ACRI
DENOMINATION: Gestione del patrimonio e politiche erogative nelle fondazioni di origine bancaria
SUBJECT: Banking foundations; Value creation; Stakeholders need; Business model
4.
ROLE: Supervisor
SPONSOR DENOMINATION: Emilia-Romagna Region
DENOMINATION: Sistema di analisi ed individuazione preventiva di situazioni di crisi aziendali
SUBJECT: Corporate crisis; Sustainability; Corporate reporting
5.
ROLE: Supervisor
SPONSOR DENOMINATION: ACRI
DENOMINATION: Le fondazioni bancarie in Italia: quadro istituzionale e normativo, modelli di governance, linee strategiche di intervento, comunicazione economico-finanziaria e sociale
SUBJECT: Banking foundations; Corporate reporting; Business model
Sustainability; Financial and non-financial disclosure
6.
ROLE: Research Unit supervisor
SPONSOR DENOMINATION: MIUR
DENOMINATION: PRIN 2013 - L’evoluzione del contributo dell’analisi di bilancio nella costruzione dei modelli di previsione delle insolvenze nella dottrina italiana dopo gli anni 70. Un’indagine empirica sulla capacità previsionale nell’ambito delle piccole e medie aziende SUBJECT: Financial disclosure; Sustainability; Corporate reporting; Corporate crisis; Bankruptcy prediction models; Business model
MAIN PUBLICATION TOPICS
His literature contributions mainly focuses on the following fields of study:
- corporate reporting;
- business model;
- value creation;
- human capital;
- corporate crisis and bankruptcy prediction models
- accounting history.
LATEST CONFERENCES PRESENTATIONS
- “Il Monte di Pietà di Ferrara. Evoluzione storica dei modelli di governance e dei sistemi informativo-contabili” 10th Accounting History National Conference “Contabilità e Bilanci per l'Amministrazione Economica. Stato e istituzioni di interesse pubblico in Italia dal XVI al XX secolo”, Milan 5-7 November 2009, Bocconi University.
- “Il Senato della Repubblica nel processo di costruzione dello Stato unitario. Evoluzione storica dei modelli di governance e dei sistemi informativo-contabili” 11th Accounting History National Conference - “Finalismo e ruolo delle aziende ne processo di costruzione dello Stato unitario. Modelli aziendali e sistemi di produzione in Italia dal XIX al XX Secolo”, Rome 2-3 December 2011, Palazzo Montecitorio.
- “The 1771 and 1824 Reforms of the University of Ferrara: Foucauldian issues at the balance with Papal interests” 7th Accounting History International Conference, “Innovation in accounting thought and practice”, Seville (Spain), 25-27 September 2013.
- “L'impatto dei cambiamenti del contesto socio-politico italiano sull'amministrazione della Real Casa. Evoluzione storica dei modelli di governance e dei sistemi informativo-contabili” 7th Accounting History National Conference “Ragioneria e Accounting tra XIX e XX Secolo: profili evolutivi e concettuali a confronto”, Parma 28-29 November 2013.
- “L’andamento delle strutture ricettive in città e in provincia: considerazioni di scenario”, Workshop “Marketing e Creazione del Valore per il Territorio”, Ferrara 27th October 2014.
- “L'accuratezza dei modelli di previsione delle insolvenze: un'analisi comparata tra modelli discriminanti multivariati nel contesto italiano” 37th AIDEA Annual Conference "Sviluppo, sostenibilità e competitività delle aziende: il contributo degli economisti aziendali", Piacenza 10-11-12 September 2015, Università Cattolica del Sacro Cuore.
- “Le performance dei modelli di previsione delle insolvenze in Emilia Romagna: un’analisi comparata”, SIDREA 2016 “Il governo aziendale tra tradizione e innovazione”, Pisa 15-16 September 2016 – University of Pisa.
- “Il Monte di Pietà di Ferrara e le politiche di contrasto della crisi. Evoluzione dei modelli di governance e dei sistemi informativo-contabili a seguito dei dissesti del 1598 e del 1646”, 8th Accounting History National Conference “Storie di banche e di istituzioni finanziarie in una prospettiva economico-aziendale”, Mantua 24-25 November 2016 – University of Verona.
- “La value relevance del dato contabile nelle attese degli stakeholder: un’analisi dell’evoluzione nel segmento STAR di Borsa Italiana”, SIDREA 2018 “Nuove frontiere del reporting aziendale. La comunicazione agli stakeholders tra vincoli normativi e attese informative”, Verona 13 e 14 September 2018 – University of Verona.
- “Dietro le quinte dell’accountability: il Teatro Comunale di Ferrara nel XIX secolo”, SISR 2018 “Storia della Ragioneria e Arti”, Turin 22 e 23 November 2018 – University of Turin.
- “Scelte manageriali sulla rivalutazione dei beni d’impresa in tempi di crisi”, SIDREA 2020 “Dalla crisi allo sviluppo sostenibile: principi e soluzioni nella prospettiva economico-aziendale”, University of Bari "Aldo Moro", virtual meeting, 20 – 27 November 2020.
