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Article

Carlos A. Giúdice and Juan C. Benítez

Lamellar micaceous iron oxide paints are successfully employed to provide longlife corrosion protection for metallic structures when exposed to highly aggressive…

Abstract

Lamellar micaceous iron oxide paints are successfully employed to provide longlife corrosion protection for metallic structures when exposed to highly aggressive environments. The aim of this work was to formulate and manufacture lamellar micaceous iron oxide paints, able to be used on the protection of steel structures exposed to water. Several formulation and manufacture variables were taken into account. Many paint films fail when they are saturated with moisture and blistering is a common failure because primers usually are not designed to allow the liquid to dissipate back out through the film. Consequently the film can not resist the formation of projections which result in local adhesion loss. For maximum durability, primers must be properly formulated and manufactured. Film permeability, which depends on paint composition (pigment volume concentration) and micaceous iron oxide dispersion time, seems to be the key characteristic controlling subsequent coating performance. Laboratory results indicated that lamellar micaceous iron oxide is a pigment which provides an anticorrosive action by providing a barrier effect. Film permeability must be compatible so as to attain a satisfactory rusting and blistering resistance.

Details

Anti-Corrosion Methods and Materials, vol. 47 no. 4
Type: Research Article
ISSN: 0003-5599

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Article

Carlos A. Giúdice and Juan C. Benítez

The current size of individual particles in most pigments is usually below 1μm; this ensures powerful forces of attraction causing the particles to cling to one another…

Abstract

The current size of individual particles in most pigments is usually below 1μm; this ensures powerful forces of attraction causing the particles to cling to one another forming aggregates. If pigment dispersion stability is not appropriate, particles join again and form flocculates. It is important to know the initial degree of dispersion, its evolution during coating storage and the influence on its dry film anticorrosive properties. Several anticorrosive coatings were formulated starting from an epoxy resin as binder, tin tannates as inhibitor and a red iron oxide‐micronised talc mixture as inert pigment. Variables studied were pigment dispersion time and coating ageing time in storage. The degree of dispersion was determined by optical photomicroscopy to establish the shape and size of associated particles present in the system. The flow properties of anticorrosive coatings due to the different dispersion degree were evaluated through rheological tests. Coating film behaviour was also assessed for several dispersion times and ageing periods in laboratory, employing a salt spray (fog) cabinet and a 100 per cent relative humidity chamber.

Details

Pigment & Resin Technology, vol. 27 no. 5
Type: Research Article
ISSN: 0369-9420

Keywords

Content available
Article

Suzana Xavier Ribeiro and Marcelo Seido Nagano

The purpose of this paper is to investigate how certain characteristics of the university–industry–government collaboration facilitate knowledge creation and management…

Abstract

Purpose

The purpose of this paper is to investigate how certain characteristics of the university–industry–government collaboration facilitate knowledge creation and management, hence innovation focusing on particularities of the Brazilian scenario.

Design/methodology/approach

As a conceptual basis, there are correlations between theories of knowledge management and the Triple Helix, a model referenced to university–industry–government cooperation. The research was conducted through a multiple case study at two National Institutes of Science and Technology (INCTs in Portuguese).

Findings

The main results show the importance of participation in the INCT program, as it enables the creation of an organizational structure with the coordinator’s leadership, who directs the flow of knowledge among organizations and stimulates innovation.

Originality/value

The choice of the topic is justified by the lack of studies on the identification and analyses of the main aspects of this type of collaboration in an integrated way.

Details

Revista de Gestão, vol. 25 no. 3
Type: Research Article
ISSN: 2177-8736

Keywords

Abstract

Details

Management Decision, vol. 56 no. 6
Type: Research Article
ISSN: 0025-1747

Content available
Article

Nasaré Vieira Nogueira and Luiz Ricardo Kabbach de Castro

The purpose of this study is to examine the effects of ownership structure on merger and acquisition (M&A) decisions of Brazilian listed companies.

Abstract

Purpose

The purpose of this study is to examine the effects of ownership structure on merger and acquisition (M&A) decisions of Brazilian listed companies.

Design/methodology/approach

This paper is an applied and explanatory research based on secondary data. The sample is comprises non-financial companies listed on the BM&FBovespa between 1998 and 2007. Considering that the dependent variable is binary, the authors estimate panel data logistic regression models. Considering the existence of conflicts of interest among those who have the decision-making power and the supplier of capital for M&A transactions, they draw upon the Agency Theory to develop the theoretical hypotheses.

Findings

The results show that, for a sample of Brazilian non-financial companies listed on the BM&FBovespa (B3), from 1998 to 2007, Brazilian firms present, on average, a highly concentrated ownership structure and the major controlling shareholders are families or the State. These characteristics are negatively related to the likelihood of M&A transactions, as most of these controlling shareholders are reluctant to adopt mechanisms that reduce their control.

Research limitations/implications

With regard to the limitations, this study considered only the M&A definitions as stated by the Bureau van Dijk database. In this sense, future studies may analyze the effects of ownership structure based on other M&A definitions and typologies. In addition, the study is limited to the period from 1998 to 2007, which is prior to the international financial crisis. Future studies may extend the analysis period to include the post-crisis period (2008) to check if there are differences in M&A strategies before and after the crisis.

Practical implications

From a managerial perspective, the results show that minority shareholders have little or no influence over an M&A decision, so they cannot decide on the use of resources for fast growth and access to new markets through M&A. Thus, the investment decision must take into account the nature and the quality of the controlling shareholder.

Social implications

This study shows a significant and negative effect of ownership concentration on the likelihood of M&A transactions. In part, this result demonstrates the importance of understanding the behavior of controlling shareholders before inferring on other key aspects that the M&A literature tends to make fundamental in explaining M&A decisions in publicly traded companies, particularly, in an environment of low minority shareholder protection.

Originality/value

Previous studies have partly found that the M&A decision is motivated by individual advantages obtained from increasing the size of the firm, or from managerial hubris. The results show that these hypotheses do not hold in the Brazilian context. Moreover, the results indicate that M&A decisions are associated with the characteristics of the controlling shareholder, their level of ownership concentration and their typology, contributing to the agency debate on whether the incentive or the entrenchment effect prevails in the context of the agency problem between controlling and minority shareholders, particularly, in an institutional environment of low shareholder protection.

Details

RAUSP Management Journal, vol. 55 no. 2
Type: Research Article
ISSN: 2531-0488

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Article

Jaime González-Masip, Gregorio Martín-de Castro and Adolfo Hernández

This paper aims to propose that firms located in science and technology parks (STP) developing corporate social responsibility practices can attract talented workers as an

Abstract

Purpose

This paper aims to propose that firms located in science and technology parks (STP) developing corporate social responsibility practices can attract talented workers as an effective knowledge management spillover mechanism.

Design/methodology/approach

A longitudinal study has been carried out from the Spanish Panel of Technological Innovation database (PITEC). The statistical method used for data treatment has been a logistic regression for panel data.

Findings

Empirical results show a positive moderating effect of corporate social responsibility practices on the relationship between the firm’s belonging to a STP and talent attraction.

Originality/value

This research follows previous claim for additional research on the phenomenon of talent management and clusters and STP. In that sense, and to the best of the authors’ knowledge, there is no previous empirical research about the complementarily effect of corporate social responsibility practices and the belonging to a STP in talent attraction.

Details

Journal of Knowledge Management, vol. 23 no. 5
Type: Research Article
ISSN: 1367-3270

Keywords

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Article

Samir Sayadi, Yamna Erraach and Carlos Parra-López

The purpose of this paper is to translate consumer requirements regarding olive-oil quality attributes into specific olive-growing practices that most contribute to…

Abstract

Purpose

The purpose of this paper is to translate consumer requirements regarding olive-oil quality attributes into specific olive-growing practices that most contribute to satisfy these attributes.

Design/methodology/approach

After identifying consumer requirements or needs regarding different attributes of olive-oil quality, through a survey of 439 olive-oil consumers, the authors determine the olive-growing practices that optimally satisfy consumer needs through expert opinions. Finally, the use of expert knowledge to construct the House of Quality or the first matrix of quality function deployment allow the authors to define the relative contribution of the various olive-farming practices to the satisfaction of consumer requirements.

Findings

The findings have shown that the olive-oil quality attributes most requested by consumers incorporate organoleptic (e.g. acidity, flavour, colour), sociocultural (e.g. creating employment in rural areas, maintenance of the rural population) and environmental ones (environmental externalities). The “separation of olives collected from ground and trees” (separation), “timing of harvesting” (according to a fruit-ripeness index), the “method of the ground harvest” (no picking from the ground), and the “method of tree harvest” (handpicking) were some of the most commonly identified olive-farming practices that contribute the most to meeting consumers’ needs with regard to olive-oil quality.

Research limitations/implications

The study suggests detailed analyses of the relationships between customer requirements and other agents practices involved in the olive sector (processing industries: mills, distribution, and marketing management, etc.) to more fully investigate the impact of all these practices on consumers’ perceived olive-oil quality attributes. This is the most reliable way to guarantee that the most sought-after quality characteristics are taken into account, not only in the farming stage but also in the various different stages of the olive agri-food chain.

Practical implications

Findings represent an opportunity in the market value chain to develop a quality olive oil which is more oriented towards the consumer and able to face future segmentations in the market. This is one of the main innovative features of this study, as it offers “good practice” guidelines to agents of the olive-oil sector from the consumer perspective.

Social implications

This study provides positive implications to consumers, providing them important tools to make an informed choice, and producers and marketers helping the design of production strategies to optimally satisfy the consumer preference with regard to olive-oil quality, and attain a competitive advantage by adding value to the product.

Originality/value

This paper is regarded as the pioneer in the literature translating the “consumer voice” regarding olive-oil quality into specific olive-growing practices “good-practices guidelines”. Thus, the relevant required quality olive-oil attributes should be clearly described on the label, to enable consumers to identify the quality features and make an informed choice. Furthermore, to meet consumers’ needs, the olive-oil sector should focus on the olive-growing practices that optimally satisfy consumer requirements concerning olive-oil quality attributes. This would help to improve legitimacy and boost public support for the Common Agricultural Policy subsidies for the agricultural sector in general, and the olive sector in particular. The findings are particularly valuable in helping policy makers to design marketing strategies to improve the sustainability and competitiveness of Spanish olive oil.

Details

British Food Journal, vol. 119 no. 1
Type: Research Article
ISSN: 0007-070X

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Article

Mariia A. Molodchik, Carlos Maria Jardon and Anna Andreevna Bykova

The purpose of this paper is to present a comparative analysis of the contribution made by intellectual capital (IC) to company performance at company and industry levels…

Abstract

Purpose

The purpose of this paper is to present a comparative analysis of the contribution made by intellectual capital (IC) to company performance at company and industry levels in the Russian context. It examines the performance effect of IC using a multilevel approach.

Design/methodology/approach

The study combines the resource- and industry-based view. It decomposes performance determinants into two levels of analysis in such a way that it is assumed that IC at industry and company levels has a significant simultaneous impact on company performance. The empirical part of the study uses a database of 1,096 Russian public companies, covering the period of 2004–2014 and divided into 19 industries. The econometric methodology uses hierarchical linear models to estimate the effect of IC in the different levels of analysis.

Findings

The study confirms that the strength of the performance effect of IC is contingent on the industry. Furthermore, the study reveals that industry-level endowment with regard to intangibles contributes more to company performance in comparison with a company-level endowment, in the context of the transitional economy.

Originality/value

The study proposes a novel methodological approach to the performance effect of IC in the Russian context, studying the differences between industry and company effect. The study provides insights to better understand the importance of the politics of IC at the different levels (industry and company) and presents a new empirical enquiry into strategic behaviour regarding IC in Russia.

Details

Journal of Intellectual Capital, vol. 20 no. 3
Type: Research Article
ISSN: 1469-1930

Keywords

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Article

Alexandre Borges Santos, Mário Otávio Batalha and Bruno Larue

This research seeks to develop a better understanding of internationalization patterns of agrifood firms and explains why different paths are adopted. Further, a

Abstract

Purpose

This research seeks to develop a better understanding of internationalization patterns of agrifood firms and explains why different paths are adopted. Further, a conceptual framework to support public and private decision-making is proposed.

Design/methodology/approach

An exploratory qualitative research framework was developed featuring case studies about three highly internationalized Brazilian meat processing firms. Top managers were interviewed, and documents were collected to support the intraand crosscase analyses.

Findings

Results suggest that meat processing firms tend to adopt a dual internationalization pattern. Distribution-oriented foreign direct investment (FDI) is normally established gradually, whilst horizontal FDI – the establishment of foreign production facility – tends to be conducted through a fast-paced expansion mode. Interestingly, it was found that food safety issues play a central role in internationalization decisions.

Originality/value

An extension to the Uppsala model was provided by considering agrifood characteristics in the analysis. The results have broad appeal to managers and policymakers. Agribusiness managers could use the theoretical and empirical evidence to support their internationalization decisions. Policymakers can also use this research to gain a better understanding of how agrifood firms expand internationally to either attract or foster FDI.

Details

British Food Journal, vol. 123 no. 4
Type: Research Article
ISSN: 0007-070X

Keywords

Abstract

Purpose

The purpose of this paper is to analyze the innovation process of organizations representing the main sectors of Brazilian economic activity.

Design/methodology/approach

The literature review focuses on analyzing the innovation process characteristics regarding the innovation types. The authors carried out interviews with executives and managers in charge of innovation at the leading large companies in the respective sectors analyzed. The data analysis of this qualitative research was structured in three steps. The first step is the analysis of data collected for encoding, the second step, the summarization of the common points presented by the companies in each sector and, finally, the interpretation of these data, aided by triangulation from secondary data that support the analysis of the collected primary data.

Findings

The main contribution of this study is to characterize the innovation process of organizations representing the main sectors of the Brazilian economy, with a classification regarding the sectoral innovation standard.

Practical implications

The authors’ intent is that the paper can contribute with a comparative analysis among companies of the same sector and, subsequently, among companies of the different surveyed sectors. Thus, the characterization aims to present the companies’ innovation process and the comparative analysis aims to verify the innovation sectoral patterns. In addition, as implications for management practice, some strategies for better knowledge management in the organization are suggested for each type of innovation.

Originality/value

The main theoretical contribution focuses on the development of a conceptual model that structures the analyzed variables of the constructs “innovation process” and “innovation sectoral patterns”, allowing not only the characterization but also the comparative analysis of the representative organizations present in the sample.

Details

Journal of Knowledge Management, vol. 23 no. 1
Type: Research Article
ISSN: 1367-3270

Keywords

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