Promotion of service industries by means of entry restriction: the case of operators in the slot machine industry
This article examines the effects of government policy on entry restriction for firms within a specific market of the Spanish gambling industry. Spain is an ideal economic region for studying this topic, as it allows for the analysis of quasi-identical populations exposed to different regulatory regimes. In Spain, gaming legislation is determined at the autonomous community level (state level), where differences across states within a single country are of particular interest. This paper analyses the performance of slot machine operators in three autonomous communities, each with different policies with regard to entry restriction. Fifty-eight firms were analysed using multiple regression, …
Improving the likelihood of SME survival during financial and economic crises: The importance of TMTs and family ownership for ambidexterity
In the context of an economic and financial crisis characterized by scarce munificence and high uncertainty, we examine the role of organizational ambidexterity in SMEs survival, and the TMT and ownership characteristics that influence ambidexterity. Our analysis of Spanish manufacturing SMEs in the context of an international economic crisis suggests that: (1) firm survival is associated with ambidexterity; (2) diversity in TMT tenure improves firm ambidexterity and (3) a negative effect exists between family ownership and ambidexterity, but (4) a positive effect exists between family ownership and survival.This study contributes to our understanding of the antecedents of SME ambidexterity…
Finance journal rankings : A paper affiliation methodology
PurposeIn this paper, the authors use a new methodology, called paper affiliation index, to create finance journal ranking using expert judgment and research impact, both of which are based on secondary, objective measures, thus making it possible to produce lists every year without human manipulation at virtually no cost.Design/methodology/approachBibliometrics. Python implementation.FindingsA new ranking with 65 finance journals.Research limitations/implicationsThis procedure helps to reduce bias and to deal with known problems associated with current methodologies. The data used in the methodology comes from public sources; the procedure is therefore easily replicable. This methodology i…
What explains the resilience of SMEs? Ambidexterity capability and strategic consistency
Abstract The ability to be resilient, to recover and bounce back when confronted with a threatening and stressful external event, such as the most recent global economic crisis, is an important issue for strategic management research, particularly for small and medium-sized enterprises (SMEs). Research studies on firm level antecedents of resilience offer contradictory propositions, some of which stress the need for experimentation, while others suggest focusing on reliability. To disentangle this controversy and face this gap, our study proposes that for SMEs to achieve resilience, it is necessary that these companies are able to efficiently respond to the changing environments through amb…
Antecedentes y dinamismo de la ambidestreza organizativa en las pymes
El objetivo de este trabajo es analizar algunos de los antecedentes de la ambidestreza organizativa en las pequenas y medianas empresas (Pymes). La ambidestreza es una capacidad dinamica que permite a las empresas obtener un elevado nivel de desempeno en situaciones que requieren alinearse con el entorno. En el trabajo se defiende que la ambidestreza tiene un componente estructural que la hace depender de los niveles previos de ambidestreza, pero que tambien tiene como antecedente las opciones de estrategia corporativa de la empresa. Concretamente, se postula que la utilizacion por parte de las empresas de las modalidades de crecimiento externo, a traves de las fusiones y adquisiciones, y d…
Measuring the Reputation of Top US Business Schools: A MIMIC Modeling Approach
This article examines predictors of the reputation of top US business schools as perceived by three different stakeholders: business school deans, MBA candidates, and recruiters of MBA graduates. Reputation is modeled and later estimated via a Multiple Indicators and Multiple Causes model using LISREL methodology. The outcomes of the study show that the reputation of a business school is a unidimensional construct, implying homogeneity in the perceptions of the stakeholders analyzed, and fundamentally hinges on two antecedents: quality of students and position in the business school media rankings.
Beyond path dependence: Explorative orientation, slack resources, and managerial intentionality to internationalize in SMEs
Abstract Managerial intentionality plays an important role in a firm's selection of its internationalization path. In relation to small and medium sized enterprises (SMEs), most studies focus on the individual traits that foster managerial intentionality without considering organizational-level antecedents. This study seeks to address this gap by focusing on two organizational antecedents: the firm's exploration and exploitation orientations, and its slack resources. The firm's orientations affect the application of different learning processes, including knowledge acquisition, information interpretation, and knowledge diffusion, and they shape the subjective norms prevalent in the organiza…
EMPRESA FAMILIAR, EQUIPOS DIRECTIVOS, DIVERSIDAD Y AMBIDIESTRÍA EN LAS PYMES
RESUMEN El objetivo de este trabajo es analizar el papel del carácter familiar en la ambidiestría de las pequeñas y medianas empresas (PyMEs). Proponemos que las capacidades asociadas al carácter familiar de la empresa y a las características demográficas de sus élites directivas, específicamente su diversidad, afectan a los procesos de toma de decisiones. Dichas características facilitan la percepción de los cambios en el entorno y la respuesta ante ellos con alternativas que, implicando conflictos o tensiones, permiten aprovechar dichos cambios y, además, promueven la habilidad de reconfigurar los recursos para conseguirlo. En una muestra de 132 PyMEs demostramos que la ambidiestría se ve…
The Role of Family Ownership in Survival and Bouncing Back
The latest global economic and financial crisis has been a litmus test for companies, especially for SMEs. These companies have had to demonstrate their ability to be resilient, surviving first and then recovering. This chapter studies the role of family ownership in the survival and recovery of SMEs during a stressful event. From a perspective based on the complementarity or substitutability of goals that family firms pursue, the authors propose that family ownership has a positive effect on survival but a negative effect on recovery. Furthermore, they propose that the risk of bankruptcy before a crisis moderates the relationship between family ownership and survival. Hypotheses have been …
Higher Education in Management: The Case of Spain
The history of the management education system in Spain can be described by breaking it down into four periods: (1) the emergence of the management education system, (2) the creation of formal university studies and foundation of management/economics faculties (under pre-democratic laws), (3) the structuration and universalization of the management education system (under democratic laws) and (4) the current management education system (after the implementation of the European higher education reform, or Bologna declaration). (1) Emergence of the management education system (up to 1943): The university education system in Spain is one of the oldest in Europe. The University of Salamanca was…
CEO-TMT interaction: do tenure and age affect ambidexterity dynamism?
The aim of this study is to clarify the influence of the CEO, the top management team and their interactions on the dynamism of organisational ambidexterity. We argue that ambidexterity is a dynamic capability that enables firms to become aligned with their environment. We examine this phenomenon in the context of the current economic crisis, with particular reference to SMEs. We propose tenure and age as characteristics of business elites that help to explain ambidexterity dynamism. In SMEs, the tenure and age of CEOs and interactions with top management team characteristics play a decisive role in the decision-making process, and therefore, in how the company adapts its orientation to amb…
Factors That Influence Recruiters' Choice of B-Schools and Their MBA Graduates: Evidence and Implications for B-Schools
I examine what is valued by MBA recruiters by analyzing data from a sample of U. S. business schools. The study reveals that student characteristics act as the main factor in guiding firms' percept...