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Case study
Publication date: 6 June 2020

Mauricio Jenkins and Francisco Barbosa

The main pedagogical objectives of the case are: illustrate how Latin American companies dedicated to the production and harvesting of commodities can be vertically integrated to…

Abstract

Learning outcomes

The main pedagogical objectives of the case are: illustrate how Latin American companies dedicated to the production and harvesting of commodities can be vertically integrated to gain a larger share of the value created throughout the production chain. Understand how futures and options contracts in commodities can be used to hedge price risk on long and short positions in the underlying products. Understand how option contracts add value by hedging risk in those contexts where the counterparty has optionality. Discuss the implications of Fair Trade for commodity traders and producers.

Case overview/synopsis

In the case, Hernan Arosamena, CFO of The Specialty Coffee Trading Co. (TSCT), faces the challenge of designing an effective strategy to hedge the price risk caused by the increasing demand of the so-called Fair Trade coffee. Hernan Arosamena decides to review how the company has typically managed the price risk in its business transactions using future contracts to then incorporate the additional elements that trading Fair Trade coffee may entail. The typical price risk hedging strategy involves the use of coffee future contracts in long and short positions to ensure that the company obtains the desired margin in its coffee trading negotiations. To hedge the exposure to the risk of fluctuations in the price of coffee when the company sells Fair Trade coffee requires the additional use of put options.

Complexity academic level

The case is appropriate for students enrolled in courses or specialization programs at both the undergraduate and graduate levels.

Supplementary materials

Teaching notes are available for educators only.

Subject code

CSS 5: International Business.

Details

Emerald Emerging Markets Case Studies, vol. 10 no. 2
Type: Case Study
ISSN: 2045-0621

Keywords

Article
Publication date: 17 December 2021

Albertina Paula Monteiro, Cláudia Pereira and Francisco Manuel Barbosa

This study aims to construct two environmental disclosure indices (EDI), one obtained from the mandatory reporting (annual report) and the other from the voluntary reporting…

Abstract

Purpose

This study aims to construct two environmental disclosure indices (EDI), one obtained from the mandatory reporting (annual report) and the other from the voluntary reporting (sustainability report), to compare their evolution. In addition, the authors developed and evaluated a conceptual model that aims to analyse if the two EDI are affected by industry, environmental certification, lucratively and corporate governance attributes. The legitimacy, signalling and voluntary disclosure theories are used to support the theoretical relationship between the company’s characteristics, corporate governance and environmental disclosure.

Design/methodology/approach

Using the content analysis technique, the authors have developed two indices to assess the level of environmental disclosure in the companies’ mandatory and voluntary reporting. In addition, to analyse the determinants of EDI, the authors applied the technique of multiple linear regression using panel data.

Findings

Based on Portuguese listed companies (Euronext-Lisbon), the results, from 2015 to 2017, exhibited an increase of 14.6% and 25.8% for the EDI obtained from the annual reports and for EDI obtained from the sustainability reporting, respectively. In addition, the results revealed that the environmental certification, lucratively, number of members on board and number and proportion of women of the board directors tend to affect the annual reporting EDI. Regarding the sustainability reporting EDI, the results showed that the environmental certification, lucratively and proportion of independent members of the board of directors have an impact on it.

Research limitations/implications

The study focuses on quantitative rather than qualitative disclosures and it brings some insights to the theoretical field.

Practical implications

The results obtained can assist corporate decision-making processes regarding the improvement of environmental disclosure, both on the mandatory annual report and on voluntary sustainability reports.

Originality/value

This study brings new perspectives to this topical issue in accounting. Originally, this study is applied to Portuguese listed companies and it shows different trends and determinants of environmental disclosure when included in the annual reporting or sustainability reporting.

Details

Meditari Accountancy Research, vol. 31 no. 3
Type: Research Article
ISSN: 2049-372X

Keywords

Book part
Publication date: 30 November 2020

Jéssica Miranda Ferreira, Bruno Barbosa Sousa and Francisco Barbosa Gonçalves

This study aims to understand the development of Barcelos tourist destination, analyzing the progress of technology in local handcrafts. eTourism is a development alternative for…

Abstract

This study aims to understand the development of Barcelos tourist destination, analyzing the progress of technology in local handcrafts. eTourism is a development alternative for many localities. These alternatives, when they have integrated tourist products and a defined geographical area, form a tourist destination. Focusing on tourism and its evolution, concepts and successes are investigated in the tourist market of Barcelos, proving the increase in the local economy. Before a qualitative study and through the direct observation and semi-structured interviews to some regional handcraftsmen, the forms of the innovation of the technology in the tourism of Barcelos are analyzed and what their contribution to the increase in the tourism in this territory. The study shows that, in this tourist destination, the development of handcrafts had a great social and economic impact, developing the offer and standing out in front of the tourist market. The study also concludes that the new Information and Communication Technologies’ (ICTs’) tools promote new skills, which consequently provide new opportunities as well as great challenges for all users. In the Barcelos handcraft, ICTs will revolutionize the promotion of this tourism offer, through the innovation of networks and the Internet, with all stakeholders, sharing information and knowledge of Barcelos products and services, thus increasing their fluency in tourism demand and developing the market in order to create a greater economic impact on the destination.

Details

The Emerald Handbook of ICT in Tourism and Hospitality
Type: Book
ISBN: 978-1-83982-689-4

Keywords

Content available
Book part
Publication date: 30 November 2020

Abstract

Details

The Emerald Handbook of ICT in Tourism and Hospitality
Type: Book
ISBN: 978-1-83982-689-4

Expert briefing
Publication date: 21 March 2024

The Supreme Court of Justice voted on March 12 to confirm her appointment. She obtained 18 out of 23 votes and will serve a four-year term. She was nominated by President Gustavo…

Details

DOI: 10.1108/OXAN-DB285997

ISSN: 2633-304X

Keywords

Geographic
Topical
Executive summary
Publication date: 3 September 2020

COLOMBIA: Uribe bias claims threaten faith in courts

Details

DOI: 10.1108/OXAN-ES255018

ISSN: 2633-304X

Keywords

Geographic
Topical
Executive summary
Publication date: 9 April 2019

COLOMBIA: JEP failure demonstrates Duque's weakness

Details

DOI: 10.1108/OXAN-ES243126

ISSN: 2633-304X

Keywords

Geographic
Topical
Article
Publication date: 23 September 2013

Ghulam Nabi and Francisco Liñán

The purpose of this paper is to examine under-researched psychological and environmental factors related to entrepreneurial motivation and intention. This helps us to explore the…

3779

Abstract

Purpose

The purpose of this paper is to examine under-researched psychological and environmental factors related to entrepreneurial motivation and intention. This helps us to explore the links between risk perception (risk as opportunity and risk as threat), economic context (in a recession), entrepreneurial motivation (personal attitudes and perceived behavioral control) and intention for new venture creation.

Design/methodology/approach

A sample of 619 individuals from two European countries, Spain and Great Britain, is studied. A range of control variables have been considered, including demographics, human/social capital and country effects. Structural equation modeling is used to analyze the relationships among the model constructs.

Findings

The structural model broadly holds and adequately fits the data. Entrepreneurial risk perception is strongly linked with entrepreneurial motivation. Entrepreneurial motivation, in turn, is strongly linked with entrepreneurial intention. It suggests, therefore, an indirect effect of risk perception on intentions. Economic context is also linked with risk perception and entrepreneurial intentions.

Research limitations/implications

Results from this exploratory study suggest a role of risk perception in establishing the entrepreneurial intention of individuals. Therefore, greater attention should be paid to this element in entrepreneurship education programs. Similarly, perceptions about the economic (recessionary) environment and its relationship with risk perception also have to be taken into account, with the purpose of letting students understand the possibilities that are present in a recessionary situation.

Originality/value

This is the first time that perceptions about risk and the economic context are tested within the theory of planned behavior.

Details

International Journal of Entrepreneurial Behavior & Research, vol. 19 no. 6
Type: Research Article
ISSN: 1355-2554

Keywords

Open Access
Article
Publication date: 20 April 2018

Anielson Barbosa Da Silva, Ana Carolina Kruta de Araújo Bispo, Danilo Goncalves Rodriguez and Francisco Ialyson Felipe Vasquez

The purpose of this paper is to present a proposal for structuring the use of problem-based learning (PBL) as an active teaching strategy and assess PBL’s implications for student…

18078

Abstract

Purpose

The purpose of this paper is to present a proposal for structuring the use of problem-based learning (PBL) as an active teaching strategy and assess PBL’s implications for student learning in the undergraduate management degree program of a federal university in Northeastern Brazil. PBL can turn students into active subjects in their own learning and promote the development of decision-making abilities through the identification and analysis of real problems.

Design/methodology/approach

The study follows the assumptions of qualitative research and uses the action research approach. The data were collected through reflective reports (texts freely written by students describing their experiences in a course) and through interviews. The collected material formed the basis for analysis and discussion of the results using content analysis.

Findings

The results indicate that the PBL teaching strategy has positive implications for student learning in that it promotes the integration of theory and practice, which enhances the motivation to learn. The students perceived the practical aspect, teamwork and presence of an entrepreneur/manager in the PBL classes as factors facilitating learning. By contrast, teamwork and the time involved were seen as factors limiting learning.

Practical implications

The use of PBL demonstrates its potential for learning through the integration of students’ cognitive, behavioral and social dimensions, fostering closer integration with the context of professional activity. The presence of entrepreneurs/managers who present real problems to be analyzed by the students in the classroom can contribute significantly to the promotion of learning and reflection by undergraduate management students.

Originality/value

The results of this study reveals its originality and value to management education in Brazil because it defines a framework for the implementation of PBL as an active learning strategy in a management program, it indicates the potential of PBL for the development of students’ competencies, it increases the potential for integrating theory with professional practice and it can aid the process of training teachers as they assess the implications of PBL for student learning.

Details

Revista de Gestão, vol. 25 no. 2
Type: Research Article
ISSN: 2177-8736

Keywords

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