Our research introduces the concept of Circular Economy (CE) 5.0 into the digital sustain-ability paradigm. We argue that CE 5.0, which integrates CE with Industry 5.0, can unlock new opportunities to boost business resilience, environmental sustainability, and societal welfare. We explore a key set of drivers and enablers of the CE 5.0 transition, focusing on the influence of institutional pressures and organizational readiness. Through systems thinking, we develop a model that maps the complex cause-effect interactions between organizations and their institutional environment when shifting to CE 5.0. Our analysis shows how institutional pressures create feedback dynamics that stimulate CE 5.0 adoption, with organizational readiness catalyzing this process. To highlight the model's practical value, we share insights from real-world CE 5.0 implementation cases, and offer actionable implications for managers and policymakers to navigate this digital sustainability transition.

European Cohesion Policy is a complex scheme that allocates financial resources to European regions. The implementation of the policy is based on an articulated multi-level governance that involves local and national authorities and the European Commission. Local authorities often face difficulties in using structural funds due to limits in their administrative capacity (supply) and/or inefficiencies in adequately stimulating applications’ submission (demand). By modelling and simulating the implementation of the policy, we explore how operations and decisions at the local authorities’ and potential applicants’ level (micro-foundations) explain emerging patterns of funds’ absorption at a regional level (macro-behaviours). Building upon a mixed-methods approach combining field research and computer simulation, we develop a model capturing the key cause–effect relationships among agents and resources within the Cohesion Policy supply-and-demand system. The outcomes elucidate how poor local administrative capabilities, including staff skills, may entail delays and low absorption performances, while showcasing the factors affecting potential applicants’ decision to submit.

Within European Cohesion Policy, some regions manifest chronic problems with absorbing structural funds, probably due to inadequate administrative capacity. Despite the continuous assistance to improve capacity and the accumulation of learning and experience, poor performances still persist in some territories, rendering the initial explanation partial. By collecting (reports' analysis and field research), consolidating (grounded theory), and mapping (system dynamics) two Italian regions with contrasting absorption performance, this study investigates how regional authorities may be trapped in systemic decision-making structures that prioritize short-term outcomes perpetuating low absorption rates. Within a multilevel-governance context, we suggest that these decision-making traps stem from the discrepancy between European and local policy-makers' mental models; although European policies aim to promote timely absorption, sometimes they fail to acknowledge local authorities' actual agenda and may unintentionally prompt regions to overemphasize short term funds' expenditure instead of improving administrative capacity in the long term.

Within European Cohesion Policy, some regions manifest chronic problems with absorbing structural funds, probably due to inadequate administrative capacity. Despite the continuous assistance to improve capacity and the accumulation of learning and experience, poor performances still persist in some territories, rendering the initial explanation partial. By collecting (reports' analysis and field research), consolidating (grounded theory), and mapping (system dynamics) two Italian regions with contrasting absorption performance, this study investigates how regional authorities may be trapped in systemic decision-making structures that prioritize short-term outcomes perpetuating low absorption rates. Within a multilevel-governance context, we suggest that these decision-making traps stem from the discrepancy between European and local policy-makers' mental models; although European policies aim to promote timely absorption, sometimes they fail to acknowledge local authorities' actual agenda and may unintentionally prompt regions to overemphasize short term funds' expenditure instead of improving administrative capacity in the long term.

The globally spreading privatisation wave that occurred in the 1990s deeply changed the structure of economic institutions worldwide. This turmoil overturned not only economic institutions, but shared cultural and societal institutions as well. This book is the result of an investigation into the history of the privatisation of the steel industry in Italy, completed between 1994 and 1995. It explores the history of the Italian steel industry by looking at the interplay of local intertwined interests, political relations, and ideological formations that characterised an idiosyncratic hegemonic historical bloc. Rather than stigmatising this pattern as the legacy of a dysfunctional provincialism, the authors mobilise Gramsci's theory of hegemony to explain how the Italian privatisation process unfolded to accommodate economic pressures, political interests, and ideological constraints of a hegemonic social group, or aggregation of social groups. Thus, in reconstructing the privatisation of Italian steel, this book proposes a hegemony theory of privatisation and, more generally, describes a model that explains how political and cultural dynamics give rise to idiosyncratic local variations in globally spreading policies. It will be of interest to researchers, academics, and students in the fields of business history, economics, sociology, and political science.

Immediately prior to the global outbreak triggered by the widespread of Sars-Cov-2, the challenging theme debated within scientific community and society was the protection of the environment, together with the construction of a sustainable future for next generations.Generally speaking, environmental protection is conceptually connected to a number of other challenges that are identified by the United Nations as Sustainable Development Goals (SDGs), that is, the "blueprint to achieve a better and more sustainable future for all.They address the global challenges we face, including those related to poverty, inequality, climate change, environmental degradation,

This article takes issue with the potential injustice of political systems in which the possibility of voicing specific interests depends on the availability of financial resources. Previous empirical analysis suggests that the interests of private companies, alone or grouped into associations, are more strongly represented than other interests, such as those of NGOs and unions. Even if ethical analysis of corporate political action is growing, previous studies mainly address this general issue without a specific focus on lobbying activities. This study specifically aims at contributing to the analysis of the ethics of lobbying activities. In particular, we propose the use of justice as a criterion for ethically assessing lobbying activities. To this aim, we provide some definitions of lobbying activity, with particular reference to the contexts of Europe and the USA. Then, we introduce the problem of the legitimacy of lobbying activities, particularly in relation to the opportunities that stakeholders have for influencing political processes. Moreover, we analyze different notions of justice, in order to build a conceptual framework to be used in ethically assessing lobbying activities. Finally, we present four case studies of lobbying to be analyzed through the framework previously developed.

European Union's Cohesion Policy aims to foster development and reduce disparities among regions by redistributing more than one-third of the European budget. Given the policy's importance and complexity, an elaborated monitoring and evaluation system has been established. While attention has been dedicated to evaluating policy impact, the monitoring of inputs (i.e., allocated financial resources) has been limited to the control of financial dimensions (i.e., funds' absorption rate). As the implementation process entails a sequence of steps, this research explores whether financial proxies alone are adequate to monitor the policy inputs. To test this hypothesis, a system dynamics model is built. Simulations highlight that the absorption rate captures shocks that might occur during the inputs' expenditure with significant delay. To that end, we elaborate three novel operative monitoring indicators (i.e., funds' demand, funds' offer, procedural efficiency), which may overcome the financial indicators' mono-dimensionality and time lags' limitations.

As gamification has been gaining ground in research practice, system dynamics is no exemption. Despite the long tradition of system dynamics gamification, capitalizing on lessons learned from previous experiences is still challenging for practitioners. Specifically, the extant literature introduces a repertoire of system dynamics-based simulators and games under quite divergent perspectives and nomenclatures, while a comprehensive set of practical 'how-to-gamify' guidelines and a resource repository are lacking. Thus, this research aims to propose a set of shared principles by (i) providing an embryonic definition of system dynamics gamification and (ii) framing the most relevant challenges and drivers, to fill in the literature gaps and allow for effective knowledge accumulation. Overall, this work anticipates rendering gamification as a recognized branch of the systems dynamics domain by establishing a common language and recommending directions to improve practice and research efforts.

Since more than thirty years, the European Cohesion Policy aims to reduce economic disparities and support regional development by funding local-orientated projects. However, the citizens' awareness of Cohesion Policy follows an unexpected longitudinal pattern characterised by a notable decrease after an initial increase. Although researchers have been investigating the relationship between policy implementation and public awareness, a lack of systemic comprehension of the underlying mechanisms is evident. Using system dynamics, we develop a causal model to explain the roots of the declining awareness towards policy interventions. The findings highlight how citizens initially manifest a high collective attention to Cohesion Policy that tends to decay over time. These dynamics, combined with the citizens' inherent tendency to lose information saved in their long-term individual memory, could elucidate the system's behaviour. This novel system dynamics application provides policy-makers with operational guidelines for developing efficient communication strategies to improve policy awareness. (C) 2020 The Authors. Published by Elsevier B.V.

Cohesion Policy accounts for the European Union main investment budget and seeks to strengthen economic, social and territorial cohesion. While accomplishments in this field are constantly measured, European citizens are not always aware of policy’s impact and of the role the EU plays therein. This issue is relevant, as communication of social policy is central to the emergence of the European public sphere, an acknowledged condition to foster European integration. In this work we aim at advancing research on the European public sphere through an analysis of the social media communication of EU cohesion policy by ten LMAs. We build on a bottom-up construction of shared meaning structures through semi-automatic techniques of analysis and highlight three main results: first, ‘horizontal Europeanization’ takes place on social media; second, Europeanization occurs both as the spontaneous integration of shared discontent expressed by citizens, and by the institutionalization of top-down procedures of communication adopted by LMAs; Third, a cluster of topics articulated internationally and conveying a negative attitude towards the EU funding scheme suggests that, counter-intuitively, Euroskepticism seems to facilitate the building of a European public sphere.

Institutional fields are not static, they undergo times of fragmentation and times of settlement. Neo-institutional research has long explained the settlement of fields as either the effect of political manoeuvring of actors, or of discursive activity influencing cultural codes, narratives and symbols. But can these processes really be considered in isolation? In this paper, we propose to adopt a comprehensive view on fields' dynamics, one that embraces the interaction of political and discursive manoeuvring to explain how fragmented fields manage to settle. To do so, we build on the Gramscian concept of hegemonic practices as discursive and political processes that integrate cultural equivalence among actors with political alliances based on aligned interests. Hegemonic practices align actors in a new historical bloc (a new settlement). Through this lens, we interpret the case of the Italian State steel privatization (1984-1995) and propose a process model explaining what yields fields' dynamics from fragmentation to settlement. The model highlights the action of diffused agency in field dynamics, thus overcoming the obsolete challenger/incumbent view, and the need of becoming a historical bloc for alliances to stabilize a field.

Although the EU structural funds aim to alleviate disparities through supporting regional development, their impact on local economies and societies is considered as uneven. As existing studies explore the absorption rate of the EU share of contribution as a point-in-time indicator at the end of the policy cycle, evidence about regional co-finance and the factors dynamically affecting absorption performance is lacking. To that end, this paper aims to provide a new longitudinal investigation of the absorption time series and develop an original indicator, supported by a statistical error analysis, for offering a transparent view of the total funds' absorption. The analysis highlights that undesired regional strategies due to low administrative capacity may increase the absorption rate, though without supporting regional growth. The proposed approach could further facilitate the equitable allocation of political accountability regarding the structural funds' absorption to the EU and the regions. Overall, it is anticipated that this research will support the EU in monitoring actual regional performance for prompting local managing authorities to improve their administrative capacity.