Search results for "Crisi"
showing 10 items of 1042 documents
Countering accusations with inoculation: The moderating role of consumer-company identification.
2013
Abstract Accusations of wrongdoing, baseless or justified, can severely tarnish a company's reputation. Once disseminated, even baseless accusations can persist and cause considerable damage for a company. This study examines the proactive crisis communication strategy of inoculating individuals against invalid accusations before they go viral. An experiment was conducted in a real world consumer context among members of an online consumer panel using an electronics discounter as the research stimulus. Expanding previous inoculation research on the role of value-relevant involvement for inoculation and the effectiveness of inoculation in the case of different preexisting attitudes, we find …
Stress test based on Oliver Wyman in Bank of Spain: an evaluation
2016
This paper, based on econometric techniques, has done a study to improve the predictions of the stress test, concerning the estimation of impairment losses. The main results obtained are: 1) the impact of the explanatory variables on the impairment loss is different at stages of growth, compared to times of recession; 2) there is a certain inertia of the dependent variable, but this inertia is different in intensity, and even the sign in the growth stages concerning the stages of recession; 3) of the explanatory variables, nominal GDP and equity are those that have a greater impact on the impairment loss; 4) finally, the two dummy variables that assess the impact of adjustment to market val…
A new scenario for banks: glocal banking. A theoretical approach to propose for Europe
2017
In the early 1990s, with the development of information and communication technology (ICT), global banks began looking for a new world consisting of markets rather than relationships through the development of standardised services in the markets. However, in the early 21st century, with the collapse of the speculative bubble and the financial crisis of 2008, which caused financial instability and damaged the real economy, the entire banking system and the market itself suffered profound changes in profitability. Thus, began efforts to develop a new cultural relationship between banks and companies known as 'glocal banking'. These include: studying the needs of customers, planning and provi…
Regional banks in the global financial crisis: in search of new relationship models with local stakeholders
2017
The contribution attempts to find a confirmation of the theoretical statements presented by carrying out both a theoretical and an empirical analysis concerning credit institutions as a reference point for cooperative banks. We are referring to the so called 'popular banks' with their existing limits, compared with the rest of the Italian banking system, analysing the deposits, loans and bad debts in the years from 1995 to 2013; they have also proved to be more stable than the rest of the financial market during the last crisis (2008). Finally, in this era of globalisation it is highlighted how the regional bank model has to evolve by responding to the calls coming from the new competitive …
Low-cost trends in audit fees and their impact on service quality
2018
Abstract The 2008 financial crisis has transformed the business environment. The number of audited firms has fallen considerably since the crisis, leading to a reduction in the cost of auditing services as a result of fierce competition among auditors. This drop in audit fees is of great concern for audited firms because it may be correlated with a fall in audit service quality. Such a fall in quality ultimately harms the prestige of audited firms and therefore negatively affects their profits. Based on an application of fuzzy-set qualitative comparative analysis (fsQCA), this paper analyzes the quality of audit services following a drop in the fees charged by auditors. The factors analyzed…
Anticipating bank distress in the Eurozone: An Extreme Gradient Boosting approach
2019
Abstract The banking sector plays a special role in the economy and has critical functions which are essential for economic stability. Hence, systemic banking crises disrupt financial markets and hinder global economic growth. In this study, Extreme Gradient Boosting, a state of the art machine learning method, is applied to identify a set of key leading indicators that may help predict and prevent bank failure in the Eurozone banking sector. The cross-sectional data used in this study consists of 25 annual financial ratio series for commercial banks in the Eurozone. The sample includes Eurozone listed failed and non-failed banks for the period 2006–2016. A number of early warning systems a…
Determinants of migratory flow in Europe: A fuzzy-set approach
2018
Abstract This article examines the variables that explain immigrants' decisions to remain in 18 European countries at three key stages of the European economic cycle: 2006 (economic boom), 2009 (the height of the economic and financial crisis), and 2014 (beginning of recovery). Population variables, environmental and health service variables, and economic variables were considered. Fuzzy-set qualitative comparative analysis (fsQCA) was used to conduct the analysis. The findings indicate that immigration behavior differs according to the stage of the economic cycle. When the economic cycle is in a favorable stage (boom and economic recovery), the GDP growth and land surface area of the recei…
Antecedentes y dinamismo de la ambidestreza organizativa en las pymes
2014
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…
Karl Marx: Las causas de la crisis económica (Del manuscrito inédito de 1861-1863)
2018
Traducción del manuscrito de Marx "Las causas de las crisis económicas" (1861-1863), junto con fragmentos del Manifiesto comunista (1848) y de la correspondencia (1856-1857) sobre las crisis económicas. Translation of Marx's manuscript "The causes of economic crises" (1861-1863), together with fragments of the Communist Manifesto (1848) and the correspondence (1856-1857) on economic crises .
Dibujando una nueva cartografía de la colonialidad Sur-Norte en época de crisis: la reproducción de la episteme y el estilo de vida europeo en las mi…
2018
El artículo analiza la migración de cualificados españoles a los espacios de Educación Superior ecuatoriana desde 2010 a 2016, con el objetivo de entender la experiencia de movilidad cualificada española hacia Ecuador. Para ello se ha utilizado una metodología cualitativa a través de entrevistas semiestructuradas a españoles y ecuatorianos que trabajan en los espacios de la Educación Superior. Además, se ha complementado con encuestas online autoadministradas y con observación participante. Se concluye que entre España y Ecuador se han creado espacios de circularidad promovidos por un contexto de crisis económica en España y por una gran inversión en la Educación Superior ecuatoriana. Sin e…