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11 – 20 of 24Francisco Gonzalez, Blanca Cimadevila, Julio Garcia-Comesaña, Susana Cerqueiro, Eladio Andion, Jorge Prado, Jorge Bermudez and Felix Rubial
The purpose of this paper is to describe and analyze a teleconsultation modality based on a simple telephone call, using either landline or mobile phone, made available to more…
Abstract
Purpose
The purpose of this paper is to describe and analyze a teleconsultation modality based on a simple telephone call, using either landline or mobile phone, made available to more than two million people. Telecommunication systems are an increasingly common feature in modern healthcare. However, making teleconsultations available to the entire population covered by a public health system is a challenging goal.
Design/methodology/approach
This retrospective longitudinal observational study analyzed how this modality was used at the primary care level in Galicia, a region in the Northwest of Spain, in 2014 and 2015, focusing on demand, gender and age preferences, rural vs urban population and efficiency.
Findings
Of 28,472,852 consultations requested in this period, 9.0 percent were telephone consultations. Women requested more telephone consultations (9.9 percent of total consultations) than men (7.7 percent of total consultations). The highest demand occurred for the over 85 age group for both men and women. In both years, 2014 and 2015, the number of telephone consultations per inhabitant was higher in urban (0.53 and 0.69) than in rural areas (0.34 and 0.47). In 10.9 percent of cases, the telephone consultations required further face-to-face consultation.
Originality/value
Conventional voice telephone calls can efficiently replace conventional face-to-face consultations in primary healthcare in roughly 10 percent of cases. Women are more likely than men to use primary care services in both face-to-face and telephone consultation modalities. Public healthcare systems should consider implementing telephone consultations to deliver their services.
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This paper provides a general review related to a wider project, aimed at developing a mobile game-based app on Education for Sustainable Development within a smart learning city…
Abstract
Purpose
This paper provides a general review related to a wider project, aimed at developing a mobile game-based app on Education for Sustainable Development within a smart learning city environment. It aims to address guidelines for a new action-oriented transformative pedagogy that is essential for the development of key competencies for sustainable development based on literature review and on the exploration of a previously created mobile game-based app – the EduPARK app.
Design/methodology/approach
This work gives continuity to the developed work, through a qualitative interpretive methodology of case study. Its main objective is to analyze the opinion of Higher Education students, who have experienced the EduPARK app, in what concerns the impact of the educational strategy into: (1) learning value, (2) authentic learning, (3) lifelong learning, and (4) conservation and sustainable habits. Data collection instruments involve students’ reflections triangulated to a questionnaire.
Findings
The study finds that the potential for promoting conservation and sustainable habits is widely recognized by app users, although they mention that this aspect can be further explored. This legitimates the relevance of the new mission – EduCITY, which focuses on enhancing sustainability key skills of citizens who participate in extension game-based activities on strategic paths in the city.
Originality/value
This paper comprises a set of guidelines and best practices for educational stakeholders and decision makers in order to enhance a wider integration of this outdoor mobile innovative approach in education, promoting smart and sustainable attitudes of citizens within the cities.
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José Emilio Farinós, Begoña Herrero and Miguel Ángel Latorre
This paper aims to examine the influence of the gender diversity in the corporate board on the decision of announcing a firm acquisition on Friday. Prior evidence found the…
Abstract
Purpose
This paper aims to examine the influence of the gender diversity in the corporate board on the decision of announcing a firm acquisition on Friday. Prior evidence found the phenomenon of investor inattention.
Design/methodology/approach
A sample of 252 cash-financed acquisitions conducted by listed Spanish firms from 2004 to 2018 is analysed. Probit regressions are used.
Findings
Firms with greater gender diversity on the board are less likely to make acquisition announcements of listed targets on Friday, thus avoiding investor inattention. Women directors seem to provide higher quality information and are more concerned about investors.
Originality/value
To the best of the authors’ knowledge, this is the first study that analyses the role of women directors in the publication of information on Friday, so it complements studies on the disclosure of quality information by listed companies. The Spanish market is an adequate scenario to analyse the impact of women's participation in business decision-making because Spain was one of the first countries to legislate on gender diversity.
Propósito
Este trabajo analiza si la participación de mujeres en el consejo de administración puede influir en el anuncio de adquisición empresarial en un memento de poca atención (viernes) o en otro día de la semana.
Diseño/metodología/enfoque
Se analiza una muestra de 252 anuncios de adquisiciones en efectivo realizados por empresas españolas cotizadas en el periodo de 2004 a 2018. Se utiliza el análisis probit.
Resultados
Las empresas con mayor porcentaje de mujeres consejeras tienen menos probabilidad de anunciar la adquisición de una empresa cotizada en viernes, evitando así la inatención del inversor. Los resultados sugieren que las mujeres consejeras comunican información de mayor calidad y tienen una mayor preocupación por los inversores.
Originalidad
Hasta donde sabemos este trabajo es el primero que analiza la influencia de las mujeres consejeras en la publicación de información en viernes y refuerza los estudios sobre la calidad de la información publicada por las empresas cotizadas. El mercado español es el contexto ideal para el estudio de la participación femenina en la toma de decisiones empresariales pues España fue uno de los primeros países en establecer cuotas de género en los consejos de administración.
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Isabel Abinzano, Harold Bonilla and Luis Muga
The aim of this paper is to provide an overview of the impact of the implementation of Colombian Corporate Insolvency Act 1116 of 2006 in the period 2008–2018 and to assess the…
Abstract
Purpose
The aim of this paper is to provide an overview of the impact of the implementation of Colombian Corporate Insolvency Act 1116 of 2006 in the period 2008–2018 and to assess the relevance of a broad set of financial predictors, as well as variables related to the economic context or the characteristics of the process itself, in explaining the failure of reorganization processes.
Design/methodology/approach
Both logit and probit models are estimated, starting from a large number of variables proposed in the literature which are then narrowed down to a final selection based on their individual significance and machine learning.
Findings
The results show the prevalence of a limited number of financial variables related to equity, indebtedness, profits and liquidity as predictors of the failure of reorganization processes. The use of financial information from the year prior to the completion of the reorganization improves predictive accuracy and reliability. The debt-to-equity indicator provides no significant explanatory power, while voluntary entry into a reorganization process favors its success.
Originality/value
While financial and accounting information is used across the literature to predict insolvency events, it is used here to predict success or failure in reorganization processes under the conditions imposed by a specific legislative act in a Latin American context.
Propósito
Proporcionar una panorámica de la implementación de la Ley 1116 de 2006 a partir de las empresas que suscribieron acuerdos de reorganización en Colombia en el periodo 2008–2018 y evaluar la relevancia de un conjunto amplio de predictores financieros, así como variables relacionadas con el entorno económico o de características del propio proceso, para explicar el fracaso de la reorganización.
Diseño/Metodología/Aproximación
Se han estimado tanto modelos logit como probit, partiendo de un amplio número de variables propuestas en la literatura, que luego se reducen a una selección final basada en su significancia individual y una metodología de machine learning.
Hallazgos
Un número reducido de variables relacionadas con los fondos propios, el endeudamiento, los beneficios y la liquidez prevalecen como predictores financieros del fracaso de los procesos de reorganización. El uso de información del año anterior al cierre del acuerdo mejora la precisión de las predicciones realizadas. El indicador de conversión de deuda en capital no ofrece capacidad explicativa significativa, mientras que la entrada voluntaria a la reorganización favorece su éxito.
Originalidad/Valor
Muchos trabajos han usado información financiera y contable para predecir eventos de insolvencia. En nuestro caso se usa esta información para predecir el éxito o fracaso de los procesos de reorganización bajo una ley específica en el contexto latinoamericano.
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Huimin Zhang, Mu Tian and Tsang Kai Hung
The objective of this study is to advance the understanding of the connection between cultural distance and the cross-border diffusion of innovations by conducting a systematic…
Abstract
Purpose
The objective of this study is to advance the understanding of the connection between cultural distance and the cross-border diffusion of innovations by conducting a systematic review and analysis of previous literature.
Design/methodology/approach
This study involved a literature review. A total of 35 articles published in ABS journals were identified from key management, international business and marketing journals. The articles were analyzed by the methodologies and findings presented.
Findings
The literature review shows that the adoption and diffusion of innovation and new products are bound to be deeply influenced by cultural distance. Specifically, national cultures influence the willingness of consumers to buy new products at both the individual and organizational levels; organizational culture plays a key role in the process of launching new products and diffusing innovations to the market. However, existing studies and their findings are fragmented and inconsistent. Controversial views remain regarding the impact of national cultural dimensions on the diffusion of innovation at the individual and organizational levels.
Originality/value
This is the first systematic review of the literature specifically focusing on the impact of cultural distance on the cross-border diffusion of innovation. In identifying the research gaps and limitations of extant studies, the authors point to avenues for future research to develop a more integrated research agenda for marketing, management and international business research.
Propósito
El objetivo de este estudio es avanzar en la compresión de la conexión que existe entre la distancia cultual y la difusión transfronteriza de innovaciones, mediante la realización de una revisión sistemática y un análisis de la literatura previa.
Diseño/metodología/enfoque
Este estudio incluyó una revisión de la literatura. Y se identificaron un total de 35 artículos en las revistas, relacionados con clave de gestión, negocios internacionales y marketing, publicados en revistas de ABS. Los artículos fueron analizados por las metodologías y hallazgos presentados.
Resultados
La revisión de la literatura muestra que la adopción y la difusión de la innovación y los nuevos productos, están fuertemente influenciados por la distancia cultural. Específicamente, las culturas nacionales influyen en la disposición de los consumidores a comprar nuevos productos, tanto a nivel individual como a nivel organizacional; la cultura organizacional desempeña un papel clave en el proceso de lanzamiento de nuevos productos y difusión de innovaciones en el mercado. Sin embargo, los estudios existentes y sus hallazgos son fragmentados e inconsistentes. Sigue dándose opiniones controvertidas sobre el impacto de las dimensiones culturales nacionales en la difusión de la innovación a nivel individual y organizacional.
Originalidad/valor
Esta es la primera revisión sistemática de la literatura, que se centra específicamente en el impacto de la distancia cultural en la difusión transfronteriza de la innovación. Al identificar las brechas de la investigación y las limitaciones de los estudios existentes, señalamos vías para futuras investigaciones, con el fin de desarrollar una agenda de investigación más integrada para el estudio de marketing, administración y negocios internacionales.
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Alexandre Carneiro and Ricardo Leal
The purpose of this paper is to contrast three investment choices within the reach of individual investors: naive portfolios of Brazilian stocks; actively managed stock funds; and…
Abstract
Purpose
The purpose of this paper is to contrast three investment choices within the reach of individual investors: naive portfolios of Brazilian stocks; actively managed stock funds; and the Ibovespa index, which represents passive management as well as to offer insights on the performance of professional asset managers in this large emerging market.
Design/methodology/approach
Equally weighted portfolios contained between 5 and 30 stocks to keep transaction costs low. Stock selection used the Ibovespa constituents and considered value (dividend yield (DY) and price-to-book ratio), momentum (past returns), and liquidity, as well as the Sharpe ratio (SR) over the 2003-2012 period, rebalancing three times a year.
Findings
Cumulative returns of naive portfolios are large. They frequently outperform the index for all values of n. They also outperform stock funds, particularly when the invested amount exceeds US$25,000, due to transaction costs. Yet, expected out-of-sample SRs corrected for errors in estimates are very low, suggesting that one should not count on this historical performance in the future. Naive portfolios may simply be more exposed to additional value, size, and momentum risks. Results are sensitive to time period selection.
Practical implications
Naive portfolios may be attractive to individual investors in Brazil relative to stock funds, which seem to strive to keep volatility low and may be better when the investment amount is low. There may be merit for value or momentum stock selection strategies when forming small equally weighted portfolios.
Originality/value
The paper contrasts realistic stock investing alternatives for individuals, it provides a view of stock fund performance in Brazil, and offers practical implications that may be pertinent in other emerging stock markets.
Objetivo
Contrastar três opções de investimento ao alcance de investidores individuais: carteiras ingênuas de ações brasileiras; fundos de ações de gestão ativa; e o índice Ibovespa, que representa a gestão passiva. Oferecer informações sobre o desempenho de gestores de ativos profissionais neste grande mercado emergente.
Método
As carteiras igualmente ponderadas continham entre 5 e 30 ações para manter os custos de transação baixos. A seleção de ações utilizou os componentes do Ibovespa e considerou o valor (rendimento de dividendos e relação preço/valor patrimonial), momentum (retornos passados) e liquidez, bem como o Índice de Sharpe no período 2003-2012, rebalanceando três vezes ao ano.
Resultados
Os retornos acumulados de carteiras ingênuas são grandes. Eles frequentemente superam o índice para todos os valores de N. Eles também superam os fundos de ações, particularmente quando o montante investido excede US$ 25,000, devido aos custos de transação. Contudo, os Índices de Sharpe esperados fora de amostra corrigidos por erros nas estimativas são muito baixos, sugerindo que não se deve contar com este desempenho histórico no futuro. As carteiras ingênuas podem simplesmente estar mais expostas a fatores riscos adicionais, tal como os de valor, tamanho e momentum. Os resultados são sensíveis à seleção do período de tempo.
Implicações práticas
As carteiras ingênuas podem ser atrativas para os investidores individuais no Brasil em relação aos fundos de ações, que parecem se esforçar para manter a volatilidade baixa e podem ser melhores quando o valor do investimento é baixo. Pode haver mérito para estratégias de seleção de ações de valor ou momentum ao formar carteiras igualmente ponderadas pequenas.
Originalidade/valor
O artigo contrasta alternativas realistas de investimento em ações para indivíduos, oferece uma visão do desempenho dos fundos de ações no Brasil e oferece implicações práticas que podem ser pertinentes em outros mercados emergentes.
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M. Carmen Díaz-Fernández, M. Rosario González-Rodríguez and Brendan Paddison
The purpose of this paper is to determine the top management team (TMT) intangible assets (demographical and managerial experience) diversity which influences firm performance in…
Abstract
Purpose
The purpose of this paper is to determine the top management team (TMT) intangible assets (demographical and managerial experience) diversity which influences firm performance in a diverse industrial context.
Design/methodology/approach
The paper analyses 159 whole TMTs from Latin American and European enterprises. The study focuses on three indicators (sales, return on assets and return on sales) as proxies of firm performance. The hypotheses formulated were tested using panel data and applying a random-effects model.
Findings
The paper reveals a large degree of volatility in the findings depending on the type of firm performance indicator. This provides insights regarding the controversy surrounding the black box Upper Echelon Theory and for entrepreneurial purposes concerning the relationship between TMT composition and the achievement of a high level performance.
Research limitations/implications
This study could be extended by analysing other important variables, such as top mangers’ physiological traits and cultural differences within the TMTs. The analysis could also be applied to a wider geographical area.
Practical implications
This paper may help enterprises to reach a better understanding of their TMT’s internal complex diversity by providing appropriate insights for a better decision-making process required to achieve an accurate firm outcome.
Originality/value
The paper is an extension on prior studies not only by focusing on a different geographical area different from the traditional USA context but also applying a longitudinal study scarcely applied in the demographic literature. In addition, attributes for all the TMT’s members (not only CEOs), three different proxies of performance and a highly diverse industry context from Latin American and European companies have been considered.
Propósito
El propósito de este artículo es determinar la diversidad de los activos intangibles del equipo de alta dirección (características demográficas y experiencia directiva) que influyen en el rendimiento empresarial en un contexto industrial diverso.
Diseño/metodología/enfoque
El artículo analiza 159 equipos de alta dirección completos procedentes de empresas Latino-Americanas y Europeas. El estudio se centra en tres indicadores como proxies del rendimiento empresarial (ventas, rotación de los activos y la rotación de las ventas). Las hipótesis fueron testadas utilizando datos de panel y aplicando un modelo de efectos aleatorios.
Resultados
El artículo pone de manifiesto una gran volatilidad en los resultados dependiendo del tipo de indicador de rendimiento utilizado. Este resultado proporciona luz a la controversia existente en torno a la “caja negra” de la Upper Echelon Theory y para propósitos empresariales concernientes a la relación entre la composición del equipo de alta dirección y el logro de altos niveles de rendimiento.
Limitaciones de la Investigación/implicaciones
Este estudio podría ser ampliado a partir del análisis de otras variables importantes como los rasgos psicológicos de los altos directivos y las diferencias culturales existentes dentro del equipo de alta dirección. El análisis puede ser también aplicado a una más amplia área geográfica.
Implicaciones prácticas
Este artículo puede ayudar a las empresas a alcanzar una mayor comprensión de la de la complejidad de la diversidad interna de su equipo de alta dirección proporcionando necesario para adoptar el mejor proceso de toma de decisiones para alcanzar y asegurar los objetivos empresariales.
Originalidad/Valor
El artículo es una extensión de estudios anteriores que no solo se centran en un área geográfica diferente al contexto tradicional norteamericano sino que también es una aplicación de una estudio longitudinal escasamente aplicado en la literatura demográfica. Además, se han considerado atributos de la totalidad de los miembros del equipo de alta dirección (no solo aquellos referentes a los CEOs), tres diferentes proxies del rendimiento y todo ello aplicado en un contexto industrial altamente diverso integrado por empresas Latino-Americanas y Europeas.
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Luis Antonio Orozco and José Luis Villaveces
The purpose of this paper is to empirically evaluate the effect of heterogeneity in inter‐organizational collaboration networks on international high‐quality scientific…
Abstract
Purpose
The purpose of this paper is to empirically evaluate the effect of heterogeneity in inter‐organizational collaboration networks on international high‐quality scientific performance of the most reputed business management schools in Latin America according to AméricaEconomía ranking.
Design/methodology/approach
Starting from the debate between advantages and disadvantages of heterogeneity in scientific performance framed in the debate between organizational population ecology and organizational institutionalism theories, this research explores the relationship between heterogeneity, reputation and the most important features for doing research. Using a binomial negative regression, the paper evaluates the partial effect of those variables in the count of scientific production.
Findings
There is an isomorphical tendency from the most reputed schools to establish heterogeneous networks, showing empirical evidence to normative proposals from Latin America, specially formulated in the light of Sabato triangle. Also there are differentiations between schools in aspects like human capital, double‐degree agreements, and schools’ trajectories.
Research limitations/implications
It is necessary to choose a wider sample of schools and to include Latin American journals. The study of diversity (between researchers) and its relationship with heterogeneity (between organizations) is also needed.
Practical implications
The research shows that elite business management schools in Latin America that present better performance also present high levels of heterogeneity in their inter‐organizational collaboration. Therefore, the promotion of heterogeneity could enhance scientific performance and improve techno‐economical networks.
Social implications
This research hopes to aim the research policy design to be able to steer and promote heterogeneity that could improve the relationship between producers and users of knowledge.
Originality/value
The relationships between reputation, heterogeneity, and scientific performance in administration in Latin America had not been addressed empirically. The worth of this research is the empirical confirmation to the advantages of heterogeneity, rather than intellectual capital features of schools, in research collaboration that contribute to the debate about heterogeneity and performance.
Propósito
Evaluar empíricamente el efecto de la heterogeneidad de las redes de colaboración interorganizacionales en el desempeño científico de alta calidad internacional en las escuelas de administración y negocios más reputadas en América Latina de acuerdo con el escalafón de AméricaEconomía.
Metodología
Con base en el debate que concierne a las ventajas y desventajas de la heterogeneidad en el desempeño científico enmarcado dentro del debate entre las teorías de la ecología de poblaciones y el institucionalismo organizacional, esta investigación explora la relación entre la heterogeneidad, la reputación y las características más importantes que pertenecen a la investigación. Usando la regresión binomial negativa, el artículo evalúa los efectos parciales de las variables en el conteo de la producción científica.
Resultados
Hay una tendencia isomórfica de las escuelas más reputadas por establecer redes heterogéneas, mostrando evidencia empírica para las propuestas normativas de América Latina, especialmente formuladas a la luz del triángulo de Sabato. También hay diferencias entre las escuelas en términos del capital humano, los convenios de doble titulación, y la trayectoria de las escuelas.
Limitaciones de la investigación
Es necesario escoger una muestra más amplia de escuela e incluir a las revistas de América Latina. El estudio de la diversidad (entre investigadores) y su relación con la heterogeneidad (entre organizaciones) también es requerida.
Implicaciones
La investigación muestra que las escuelas de administración en América Latina que presentan mejor desempeño también presentan altos niveles de heterogeneidad en su colaboración interorganizacional. Por lo tanto, la promoción de la heterogeneidad podría añadir al desempeño científico y mejorar las redes tecno‐económicas.
Implicaciones sociales
Esta investigación espera impulsar el diseño de políticas de investigación y a su vez promover la heterogeneidad que pueda mejorar la relación entre los productores y usuarios de conocimiento.
Originalidad/valor
La relación entre reputación, heterogeneidad y desempeño científico en administración en América Latina no ha sido abordada empíricamente. El valor de esta investigación es la confirmación empírica de las ventajas de la heterogeneidad, en vez de otras características de las escuelas, en la colaboración científica que contribuye al debate sobre heterogeneidad y desempeño.
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Enrique Ogliastri, Juan Carlos Leiva, Rachel Gabel-Shemueli and Luis Chavez-Bedoya
Carlos Dávila Ladrón de Guevara, Araceli Almaraz Alvarado and Mario Cerutti
Taking as reference a sample of around a hundred biographical materials on entrepreneurs in Mexico and Colombia, the purpose of this chapter is dual. Both to show the relevance…
Abstract
Taking as reference a sample of around a hundred biographical materials on entrepreneurs in Mexico and Colombia, the purpose of this chapter is dual. Both to show the relevance and varied modalities that the biographical approach has enjoyed in business history research since the 1990s, and to display the intrinsic potential this modality of scholarship entails for entrepreneurship endeavors. In particular, it discusses the prospects to incorporate this body of empirical works into the large Latin American audience attending undergraduate, graduate and executive education programs in business, economic history and related fields. The chapter is organized into three sections. The first two are devoted to illustrate relevant patterns in the entrepreneurial trajectory of individuals and entrepreneurial families studied in each of the two countries under consideration. The last section identifies some conceptual issues that may impact current debates on Latin American business development as exemplified in recent business and economic history journal venues and scholarly conferences.
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