Search results for "HB"
showing 10 items of 1066 documents
Promoting the "social economy" in Spanish legislation
2012
La “economía social” como concepto identificativo de una forma de hacer empresa, caracterizada por sus fines y ciertas pautas de comportamiento comunes, ha tenido reconocimiento en la legislación española desde los años 90 y especialmente en el último año con la aprobación de la Ley 5/2011 de Economía Social. Los objetivos principales de esta Ley son dar reconocimiento legal a la economía social y promover su fomento. Pero la economía social, como identificación de una realidad económica viene siendo objeto de fomento desde mucho antes, desde la creación en 1990 del Instituto Nacional de Fomento de la Economía Social. Hoy en día, el fomento de la economía social es una competencia asumida p…
Determinants of COVID-19 Vaccine Rollouts and Their Effects on Health Outcomes
2022
Background Vaccination against the coronavirus disease (SARS-CoV-2) is understood to be the key way out of the COVID-19 pandemic. Limited evidence exists on the determinants of vaccine rollouts and their health effects at the country level. Objective Examine the determinants of COVID-19 vaccine rollouts and their effects on health outcomes. Methods Ordinary least squares regressions with standard errors clustered at the country level for Cross-section and Panel daily data of vaccinations and various health outcomes (new COVID-19 cases, fatalities, intensive care unit (ICU) admissions) for an unbalanced sample of about 200 countries during the period 16 December 2020 to 20 June 2021. Results…
International trade and migrant networks: Is It really about qualifications?
2014
Personal characteristics of migrants could help to strengthen the impact of migrant networks on bilateral trade. While most of the attention has been focused on immigrants' educational attainment, this paper focuses on the relevance of the tasks carried out by migrants. Our empirical results confirm that the existence of a large number of foreign-born workers with managerial duties is critical to explain the reduction of transaction costs caused by migrant networks.
Ethical Banking and Conventional Banking. Triodos Bank vs Banco Santander
2019
La crisis financiera de 2008 ha provocado cambios en la estructura bancaria tradicional, generando una desconfianza por parte de los ciudadanos con el sistema financiero tradicional, como consecuencia de ello ha surgido otro tipo de banca, la Banca Ética. El objetivo de este trabajo es estudiar si la Banca Ética puede llegar a ser igual de rentable que la Banca Tradicional, invirtiendo principalmente en valores sociales. Para ello, se realiza un análisis comparativo entre la Banca Ética (Triodos Bank) y la Banca Tradicional (Banco Santander). Para alcanzar el objetivo propuesto se realiza un análisis económico centrado en la actividad financiera de ambas tipologías de bancos durante el perí…
The Influence of the Endogenous and Exogenous Factors on Credit Institutions’ Return on Equity
2015
Abstract The research’s purpose is to study the credit institutions’ performance, from the shareholders’ point of view, through return on equity (ROE). It aims to identify a dependency relationship between return on equity (ROE) and endogenous factors (the growth rate of credit portfolio, the growth rate provisions, the solvency ratio), on the one hand and, on the other hand between ROE and the exogenous ones (GDP and inflation rate). The research was done over an horizon of 10 years (2004-2013) on the evolution of the return on equity indicator of two credit institutions listed on Bucharest Stock Exchange (Carpathian Commercial Bank SA and Banca Transilvania SA), highlights their vulnerabi…
Trends Regarding the Evolution of the Romanian Pension System
2018
Abstract The pension system, together with the social assistance services form the social security system is recognized worldwide throughout the adoption of the Universal Declaration of Human Rights for the purpose of insured person compensation for damages regarding some inherent risks as: permanent or temporary inability of work, old age or unemployment. The main objectives of a pension system are decreasing poverty regarding the lower income persons throughout the conditions of limitation of the working capacity which are financially vulnerable. In this article we provide a qualitative and quantitative overview regarding the Romanian pension system structure and mechanism. The conclusion…
The Influence of Oil Price on Renewable Energy Stock Prices: An Analysis for Entrepreneurs
2020
Abstract This study investigates the relationship between oil price fluctuations and renewable energy stock returns using daily data on Brent crude oil prices and global renewable energy stock market indices between 29 November 2010 and 18 February 2020. The investigation is based on the existing evidence on positive correlations between stock prices and oil prices, but it also considers the shift from non-renewable to renewable sources of energy. A two-stage GARCH(1,1) model and a Granger causality test were applied. Our results show that volatility clustering is present in the renewable energy companies‘ stock prices, but, oil price volatility does not seem to induce any significant effec…
The informational role of thin options markets: Empirical evidence from the Spanish case
2016
This study investigates the informational role of thin options markets, specifically the Spanish options market. Firstly, we examine the effect of options markets by analysing stock market reaction to earnings news, conditional on the availability of options markets. Secondly, we examine options trading activity before the release of earnings news (including the announcement period). The results show that the impact on prices before the earnings release is significantly bigger when options trading is available. Moreover, the dissemination of earnings news is associated with significant unusual activity in the options market due to informed trading, especially when the earnings surprise is h…
La mujer en los consejos de administración: evidencia para el mercado bursátil español
2019
Antecedentes: durante decadas se ha luchado por la incorporacion de la mujer al mercado laboral, lo que promueve la igualdad de genero. Sin embargo, una mayor presencia de la mujer en el mercado laboral no indica una plena igualdad, pues es evidente la existencia del conocido techo de cristal y de una brecha salarial. El articulo proporciona evidencia de estas dos caracteristicas en los consejos de administracion de las empresas del mercado continuo espanol. Metodologia: se estima un modelo de regresion multiple con observaciones por consejero, empresa y ano, controlando efectos fijos temporales de la empresa y del sector. En el estudio consideramos especificamente la presencia de diversida…
Heterogeneidad en el impacto de la política de becas en la escolaridad secundaria postobligatoria en España: un análisis por subgrupos poblacionales
2013
El presente trabajo analiza el impacto de las becas sobre la probabilidad de finalizar con éxito el nivel secundario postobligatorio en España en el caso de diferentes subgrupos poblacionales. Se aplica un diseño cuasiexperimental (Propensity score matching) a partir de la Encuesta de Condiciones de Vida (ECV-2006). Los resultados confirman la existencia de efectos diferenciales positivos (con relación al impacto medio) de la política educativa en el caso de las mujeres y de los alumnos provenientes de hogares desfavorecidos, demostrando la existencia de heterogeneidad en el impacto de la política analizada.