Search results for "value"

Responsabilidad Social en las empresas de Economía Social: un análisis comparativo sobre del tejido productivo de la Comunidad Valenciana

2018

Este trabajo realiza un análisis de las prácticas de Responsabilidad Social Empresarial (RSE) interna de las empresas de Economía Social en la Comunidad Valenciana, y su comparativa con el conjunto de empresas de la Comunidad. A través del citado análisis se pretende ofrecer evidencia empírica para fundamentar el superior compromiso de las empresas de Economía Social con su entorno laboral, medioambiental, con sus grupos de interés y con el Buen Gobierno. La literatura académica al respecto, centrada básicamente en el ámbito de las cooperativas, ha venido constatando cómo la propia naturaleza y principios de actuación de las empresas de Economía Social constituyen el substrato básico de una…

Knowledge assets for internationalization strategy proposal

2021

[EN] Lack of trust, lack of references and the confidential nature of cybersecurity projects make internationalization in companies from the cybersecurity sector a great challenge. The development of lean methodologies over recent years has presented a method to reduce time and effort, measure performance in each step and pivot when it is necessary to apply a process to a different field. Considering that internationalization resembles entrepreneurship, because of uncertainty and risk in a new market where the value proposition should be validated, the Lean Start-up philosophy will serve as a theoretical framework in which to operate. The study of international challenges of cybersecurity c…

Financial literacy, value creation and firm performance. An investigation of Italian small and medium enterprises

2023

This article aims to determine the influence of entrepreneurs’ financial literacy for the growth of SMEs’ value. The paper verifies the hypothesis that there is a significant relationship between financial literacy and value creation, as indicated by economic value added (EVA®). The study analyses 162 Italian SMEs operating in the textile and clothing sector. The analysis period is between 2011 and 2013. Regression analysis and correlation analysis have been applied to test the hypotheses. The results suggest a positive and significant relationship between financial literacy and the variables that drive the value creation. Greater financial literacy allows SMEs to optimise their capital str…

The Leader–Member Exchange Theory in the Chinese Context and the Ethical Challenge of Guanxi

2013

The leader–member relationship has been identified as a key determinant of successful working relationships and business outcomes in China. A high-quality leader–member relationship helps managers and employees to meet the demands they face and gives them the opportunity to develop socially, emotionally and morally. Such relationships form the basis of the overall well-being and success of the organisation. This article contributes to relationally oriented leadership theories and more specifically to the leader–member exchange (LMX) theory by examining the theory in the context of Western expatriate managers and Chinese employees in China. The first aim of the study is to analyse the simila…

Networks and the disappearance of the intranational home bias

2012

Abstract Previous studies have shown that, not only countries, but also regions have a preference to trade within their administrative borders. Using unique trade flows data, we also find a large home bias in Spanish intranational trade. However, we show that this home bias tends to disappear once we take into account the higher density of social and business networks within regions than between regions. We also find that the home bias does not disappear if intranational trade flows are measured in quantity rather than value. This fact might explain why previous studies on other European countries still find an intranational home bias, even when network effects are taken into account.

Economic value, competition and financial distress in the european banking system

2012

Abstract In this paper we examine the impact of a large number of factors at the bank level (liquidity and credit risks, asset size, income diversification and market power), at the industry level (banking concentration) and macro-level (real GDP growth) on bank financial distress using an unbalanced panel of 308 European commercial banks between 1996 and 2009. The observations falling below a given threshold of the empirical distribution of the Shareholder Value Ratio proxy bank financial distress. We employ a panel probit regression and, given the presence of overlapping data giving rise to residual autocorrelation, we use the Bertschek and Lechner (1998) robust estimator of the covarianc…

Corrigendum to: Gender, Social Value Orientation, and Tax

2020

The price of improvements: agrarian contracts and agrarian development in nineteenth-century eastern Spain1

2011

Fixed-rent contracts do not free landlords from the need to supervise the land if it is of high value and fragile fertility, nor do they free them from the costs of monitoring farmers if they are poor peasants prone to fall into arrears. In such cases, however, compensation for improvements will encourage tenants to farm with care and act as a bond against non-payment of rent. This article studies the repercussions of these kinds of situations by analysing what happened in nineteenth-century Valencia, where being the owners of the improvements led to tenants eventually becoming the owners of the land.

Industrial productivity and convergence in Chinese regions: The effects of entering the world trade organisation

2011

Abstract Chinese economic growth is tremendously important, both due to how fast it is occurring and also its effect on the world economy as a whole. The size of the economy and the rate at which it is growing has opened up significant internal regional differences that are visible in the trends displayed by industry as the main exponent of this growth. This article analyses regional differences in industrial productivity using a dynamic approach (Malmquist index), that is, by determining regional productivity growth as well as the change in value added inequality from one region to another (sigma and beta convergence). Both approaches distinguish between the periods dating from 1995 to 200…

Female Institutional Directors on Boards and Firm Value

2016

The aim of this research is to examine what impact female institutional directors on boards have on corporate performance. Previous research shows that institutional female directors cannot be considered as a homogeneous group since they represent investors who may or may not maintain business relations with the companies on whose corporate boards they sit. Thus, it is not only the effect of female institutional directors as a whole on firm value that has been analysed, but also the impact of pressure-resistant female directors, who represent institutional investors (investment, pension and mutual funds) that only invest in the company, and do not maintain a business relation with the firm.…