Search results for "DECISIONS"
showing 10 items of 85 documents
Decisions of higher education students according to the social environment. A conjecture based on reflexivity, biograficity and empirical research
2019
Este trabajo tiene como objetivo presentar una conjetura epistemológica que combina un marco de análisis basado en la capacidad reflexiva, como parte intrínseca del desarrollo de la investigación social cualitativa y que denominamos como el salto de lo empírico a lo teórico, además de incorporar la perspectiva teórica de la biograficidad para el estudio de las trayectorias educativas en educación superior. Esta propuesta surge desde nuestra propia experiencia investigadora adquirida en diversas investigaciones dentro de una línea sobre transiciones y trayectorias en educación superior en el sistema español. Para enmarcar este salto de lo empírico a lo teórico presentamos, como resultado, un…
Effects of the degree of financial constraint and excessive indebtedness on firms’ investment decisions
2021
Abstract The aim of this paper is to provide empirical evidence of the importance of financial variables in explaining differences in investment rates among firms. The main contributions of the study are twofold: the use of a variable that approximates the degree of financial constraint, and the effect of indebtedness on investment is allowed to be non-linear. The empirical application to the case of Spain is of interest because of the large proportion of SMEs among Spanish firms (SMEs being highly dependent on bank financing) and the drastic tightening of credit conditions in Spain during the banking crisis. The results provide evidence of the impact of financial constraints on firms’ inve…
To Calculate or To Follow Others : How Do Information Security Managers Make Investment Decisions?
2019
Economic models of information security investment suggest estimating cost and benefit to make an information security investment decision. However, the intangible nature of information security investment prevents managers from applying costbenefit analysis in practice. Instead, information security managers may follow experts’ recommendations or the practices of other organizations. The present paper examines factors that influence information security managers’ investment decisions from the reputational herding perspective. The study was conducted using survey questionnaire data collected from 106 organizations in Finland. The findings of the study reveal that the ability and reputation …
Exports of Spanish manufacturing firms and financial constraints
2020
We investigate the role of financial constraints on firms’ exporting behavior, including firms’ export decision, export intensity, firms starting to export decision, and exports persistence. Our financial constraints variable is a synthetic variable that summarizes information on different dimensions such as total assets, profitability, liquidity, solvency, repaying ability, and (new in this type of analyses) the cost of external financing. Using data on Spanish manufacturing for the period 1992–2014, we find evidence supporting that financial health is relevant to explain small and medium-sized enterprises (SMEs) exporting decisions and starting to export decisions but not those of large …
Interest rate changes and stock returns in Spain: A wavelet analysis
2015
This paper investigates the relationship between changes in interest rates and the Spanish stock market at the industry level over the period from January 1993 to December 2012 using a wavelet-based approach. The empirical results indicate that Spanish industries exhibit, in general, a significant interest rate sensitivity, although the degree of interest rate exposure differs considerably across industries and depending on the time horizon under consideration. In particular, regulated industries such as Utilities, highly indebted industries such as Real Estate, Utilities or Technology and Telecommunications, and the Banking industry emerge as the most vulnerable to interest rates. Further,…
A Simultaneous Approach for IMS Design: a Possibility Based Approach
1999
IMS investments are characterised by high fixed costs and long life cycles. On the other hand, their redditivity and risk coverage depend on their manufacturing efficiency that is mainly defined during the design phase by fixing the system configuration. Due to the flexibility required to IMS, system configuration depends not only from technological information, such as product routing table and service times, but also from marketing data such as the typology of products to be manufacture and their production volumes. Moreover, the evaluation of the redditivity and the risk of the investment depends on market information such as product prices as well. Such interdependencies make the invest…
Shall we follow? Impact of reputation concern on information security managers’ investment decisions
2020
Information security (infosec) is important for organizations. While budgeting for infosec is a crucial resource allocation decision, infosec managers may choose to follow other fellow experts’ recommendations or baseline practices. The present paper uses reputational herding theory to explain the decision made by infosec managers to use a “let's follow others” strategy in this context. Based on a sample of 106 organizations in Finland, we find that infosec managers’ ability to accurately predict the benefit of infosec investment, as well as their reputations, have significant effects on motivating them to discount their own information. Infosec managers’ discounting of their own informatio…
Daniel Kahneman i la psicologia econòmica
2018
espanolEn las lineas que siguen, el lector encontrara algunos argumentos que prueban la relevancia cientifica y profesional de la Psicologia economica, al mismo tiempo que se glosa la figura de Daniel Kahneman, en cuya linea de conocimiento se integra y que, a su vez, es resultado de un pasado que se ha ido construyendo desde la aparicion de la Psicologia economica en 1881 con la publicacion del articulo de Gabriel Tarde en la Revue Philosophique, con el titulo Psychologie economique, en el cual, por primera vez y de forma explicita, se tratan las relaciones entre Economia y Psicologia. Desde entonces hasta ahora, las publicaciones, compilaciones, trabajos y busquedas se han sucedido en pro…
La presa de decisions morals. Diàlegs i contribucions entre Kohlberg, Mead i Habermas
2018
espanolEl articulo reune reflexiones y conceptualizaciones en torno al razonamiento moral y la toma de decisiones morales de Lawrence Kohlberg, Georg Herbert Mead y Jurgen Habermas. Entre ellos encontramos interesantes planteamientos en los que seestablece un dialogo entre la Psicologia y la Filosofia para elucidar de manera mas clara y precisa la conformacion de la moralidad. Entre las lineas de articulacion o puntos de convergencia advertidos en el pensamiento de estos tres autores y desarrollados en el arti- culo se destaca la nocion de adopcion de roles formulada por Mead, que Kohlberg incorpora a su teoria del desarrollo moral como una operacion de justicia y procedimiento de universal…
Fear Sells: Determinants of Fund-Raising Success in the cross-section of Initial Coin Offerings
2021
This paper explores cross-sectionally the determinants of ICO success as measured by the amount of raised funding. Our study is the first that retrieves an intensive hand-collected data library covering the entire population of all 5,033 ICOs launched in the 2014 – 2019 period. Another important novel aspect is that we address the question whether psychological and financial sentiment cached in whitepapers have an impact on the success of ICOs. We employ natural language procession tools and various sentiment dictionaries to assess the sentiment in whitepapers and our results suggest that ICO investors are largely guided by their emotions when making investment decisions. Additionally, to g…