2024-03-28T09:32:30Zhttp://uvadoc.uva.es/oai/requestoai:uvadoc.uva.es:10324/47332021-07-06T08:33:27Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
López Iturriaga, Félix Javier
a234f54add0cf8a2
500
0000-0003-0875-5283
Rodríguez Sanz, Juan Antonio
f22d546a7ca0c0dc
500
0000-0001-7228-4020
2014-05-08T18:19:58Z
2014-05-08T18:19:58Z
1999
Cuadernos de Economía y Dirección de la Empresa, nº 3, pág. 29-44
http://uvadoc.uva.es/handle/10324/4733
29
3
44
Cuadernos de Economía y Dirección de la Empresa
3
El objetivo del presente trabajo consiste en realizar un estudio empírico de los principales factores determinantes de la decisión de reparto de dividendos en el ámbito de la gran empresa no financiera española. Los resultados obtenidos, además de confirmar la validez de variables ya clásicas en la determinación de la política de dividendos empresarial como la liquidez o la rentabilidad, destacan algunas otras cuya relación con los recursos distribuidos como dividendos mantiene una cierta sintonía con las predicciones derivadas de la teoría de la agencia. La hipótesis relativa a las clientelas fiscales, por su parte, no obtuvo confirmación empírica.
application/pdf
spa
info:eu-repo/semantics/openAccess
Dividendos
Empresas-Finanzas
La decisión de dividendos en la empresa española: Un contraste de teorías alternativas
info:eu-repo/semantics/article
SI
ORIGINAL
art36_03_02.pdf
art36_03_02.pdf
Texto completo del artículo
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oai:uvadoc.uva.es:10324/49642021-07-06T08:33:27Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
López Iturriaga, Félix Javier
a234f54add0cf8a2
500
0000-0003-0875-5283
2014-06-15T10:56:24Z
2014-06-15T10:56:24Z
2006
Restricciones financieras e inversión en activo fijo: un análisis multivariante. Revista Española de Financiación y Contabilidad, Vol. XXXV, Núm. 129, Mayo- Junio, 411-436
http://uvadoc.uva.es/handle/10324/4964
411
129
436
Restricciones financieras e inversión en activo fijo: un análisis multivariante
35
Producción Científica
El presente trabajo analiza los determinantes financieros de la inversión en activos de largo plazo de una muestra de empresas españolas. El análisis se articula en dos fases: identificación de aquellas empresas que sufren en mayor medida el efecto de las restricciones financieras y estudio de la sensibilidad de la inversión a la liquidez en dichas empresas. Entre los factores relevantes del grado de restricción se encuentran el endeudamiento, la deuda de procedencia bancaria, la composición del activo, el tamaño de la empresa y la cobertura de los gastos financieros. También se observa cómo en esas empresas la liquidez condiciona notablemente la inversión de largo plazo. Por el contrario, en las empresas menos afectadas por las restricciones financieras, los factores financieros inciden en la inversión en la medida en que se vinculan a futuras oportunidades de crecimiento.
application/pdf
spa
info:eu-repo/semantics/openAccess
Restricciones financieras
Empresas-Finanzas
Inversión
Restricciones financieras e inversión en activo fijo: un análisis multivariante
info:eu-repo/semantics/article
http://www.aeca.es/pub/refc/articulos.php?id=0254
SI
ORIGINAL
Lopez_2006_REFC.pdf
Lopez_2006_REFC.pdf
application/pdf
1436622
https://uvadoc.uva.es/bitstream/10324/4964/1/Lopez_2006_REFC.pdf
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LICENSE
license.txt
license.txt
text/plain
4250
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oai:uvadoc.uva.es:10324/70472021-06-23T10:08:13Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
López Iturriaga, Félix Javier
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Cornejo Durán, Pablo Víctor
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Salvador Ansola, Eduardo
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Cepeda Losada, Rafael
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2014-11-08T11:00:16Z
2014-11-08T11:00:16Z
2007
Universia Business Review, nº 14, pág. 84-95
http://uvadoc.uva.es/handle/10324/7047
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Universia Business Review
En el presente trabajo se clasifican las actividades de la obra social de las cajas de ahorros y se analiza el efecto que el tamaño de la entidad y la participación de las Administraciones Públicas tiene en la orientación de la obra social. Nuestros resultados muestran claras diferencias entre las cajas de modo que las entidades más grandes tienden a financiar actividades de carácter socio-sanitario en detrimento de las actividades culturales y de tiempo libre. La presencia de Administraciones Públicas no parece modificar esta distribución.
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Cajas de ahorro
La obra social de las cajas de ahorro: un análisis exploratorio
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ORIGINAL
UBR.pdf
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oai:uvadoc.uva.es:10324/270952024-02-01T19:01:04Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Andrés Alonso, Pablo de
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Fuente Herrero, Gabriel de la
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0000-0002-6452-9232
Velasco González, María Del Pilar
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2017-11-14T22:26:07Z
2017-11-14T22:26:07Z
2016
International Review of Financial Analysis 48 (2016) 261–271
1057-5219
http://uvadoc.uva.es/handle/10324/27095
http://dx.doi.org/10.1016/j.irfa.2016.10.007
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International Review of Financial Analysis
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Producción Científica
This paper examines the impact of corporate diversification on a firm’s market value in terms of changes in its mix of value sources between growth options and assets-in-place. We argue that the traditionally assumed replicability of corporate diversification benefits by individual investors might not be as feasible when diversification implies acquiring new growth options as when it only involves assets-in-place investments. We further explain why a different effect of diversification on a firm’s mix of value sources can occur, therefore leading to a mediating role of growth options between diversification and market value. Using a panel sample of U.S. firms from 1998 to 2010, we find that a firm’s growth options portfolio helps explain the effect of diversification strategy on its market value.
Financial support has been received from the Regional Government of Castilla y León (Ref. VA260U14), the Spanish Ministry of Science and Innovation (Ref. ECO2014-56102-P), the Spanish Ministry of Education (FPU Programme), and the Banco Herrero Foundation.
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Elsevier
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
The authors (Pablo de Andrés, Gabriel de la Fuente and Pilar Velasco)
Attribution-NonCommercial-NoDerivatives 4.0 International
Empresas-Finanzas
Corporate Finance
Corporate diversification
Firm value
Growth opportunities
GMM
Mediating effect
Diversificación corporativa
Valor de la empresa
Oportunidades de crecimiento
Efecto mediación
Are Real Options a missing piece in the Diversification-Value Puzzle?
info:eu-repo/semantics/article
http://www.sciencedirect.com/science/article/pii/S1057521916301582
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oai:uvadoc.uva.es:10324/275202021-06-23T10:08:19Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Santos Álvarez, María del Valle
0ed33963b39321b7
500
0000-0003-4047-5249
Mayoral Martínez, Rosa María
8918d7a7ce434196
500
0000-0002-8615-0725
2017-12-04T09:00:02Z
2017-12-04T09:00:02Z
2017
International Journal of Educational Management
0951-354X
http://uvadoc.uva.es/handle/10324/27520
International Journal of Educational Management
Producción Científica
Purpose: the goal of this paper is to explore self-regulated learning among university students, the role played by motivation and its impact on academic performance. This paper presents a teaching strategy aimed at self-regulation which draws on the educational value provided by the evaluation system.
Design/methodology/approach: this research includes a quantitative analysis to examine the dependency relation between self-regulation, motivational orientation and academic performance. The impact of the teaching strategy on the relation between self-regulation and academic performance is also explored.
Findings: the findings indicate that self-regulation is closely linked to motivational orientation and is a determining factor in academic performance. In addition, implementing a teaching strategy focusing on self-regulation alters said relation.
Practical implications: this research reflects the value of fostering the level of student self-regulation with a view to enhancing not only their current learning, but also the self-directed learning that will ensure professional success. The research also evidences the potential of the evaluation system for encouraging the development of self-regulation.
Originality/value: the conclusions to emerge from this research will help educators gain an awareness of the usefulness of strengthening student self-regulation and the potential offered by the evaluation system as a teaching resource. This research also merges extremely interesting elements –student self-regulation and the evaluation system- which to date have not been explored jointly.
Financial support was received from the Regional Government of Castilla y León (Ref. VA 260U14)
application/pdf
eng
Emerald Insight
info:eu-repo/semantics/restrictedAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
Emerald Publishing Limited
Attribution-NonCommercial-NoDerivatives 4.0 International
Ciencias Sociales y Jurídicas
self-regulated learning, motivation, teaching strategy, evaluation system and academic performance
Training autonomous managers for a dynamic environment
info:eu-repo/semantics/article
http://www.emeraldinsight.com/journal/ijem
SI
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oai:uvadoc.uva.es:10324/275162021-06-23T10:08:15Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Andrés Alonso, Pablo de
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500
Fuente Herrero, Gabriel de la
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0000-0002-6452-9232
Velasco González, María Del Pilar
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0000-0002-9958-7889
2017-12-03T17:26:45Z
2017-12-03T17:26:45Z
2017
Journal of Corporate Finance, vol. 43, abril 2017, p. 316–339
ISSN: 0929-1199
http://uvadoc.uva.es/handle/10324/27516
http://dx.doi.org/10.1016/j.jcorpfin.2017.01.011
316
abril
339
Journal of Corporate Finance
43
Producción Científica
This paper analyzes whether the valuation effect of corporate diversification depends on how this strategy is implemented. According to the real options approach, two extreme diversification patterns may be identified: one based on full exercise of available options (an assets-in-place diversification), and another aimed at seeding multiple growth options in subsequent businesses (options-based diversification). We propose an index to approximate the distance to these two diversification patterns and we explore its impact on firms’ value for a sample of U.S. firms during 1998-2010. We find that as a firm’s diversification approaches an options-based pattern, it becomes a more value-enhancing strategy.
Financial support was received from the Spanish Ministry of Education (FPU Programme), the Regional Government of Castilla y León (Ref. VA 260 U14), the Regional Government ofMadrid and European Social Fund (Ref. EARLYFIN, S2015/HUM-3353), and the Spanish Ministry of Economy and Competitiveness (Ref. ECO2014-56102-P and ECO2016-77631-R)
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Elsevier
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
The authors (Pablo de Andrés, Gabriel de la Fuente and Pilar Velasco)
Attribution-NonCommercial-NoDerivatives 4.0 International
Empresas-Finanzas
Corporate Finance
Corporate diversification
growth opportunities
firm value
investment strategy
self-selection
Does it really matter how a firm diversifies? Assets-in-place diversification versus options-based diversification
info:eu-repo/semantics/article
http://www.sciencedirect.com/science/article/pii/S0929119917300640?via%3Dihub
SI
ORIGINAL
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oai:uvadoc.uva.es:10324/275172021-06-23T10:08:16Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Andrés Alonso, Pablo de
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500
Fuente Herrero, Gabriel de la
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0000-0002-6452-9232
Velasco González, María Del Pilar
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0000-0002-9958-7889
2017-12-03T19:35:06Z
2017-12-03T19:35:06Z
2017
Long Range Planning, diciembre 2017, Vol. 50, n. 6, p. 840-861
0024-6301
http://uvadoc.uva.es/handle/10324/27517
https://doi.org/10.1016/j.lrp.2017.01.003
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6
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Producción Científica
This paper investigates how corporate diversification interacts with a firm’s growth options value. We adopt an options-based perspective, from which diversification is seen as both a materialization of current growth options exercise and a source of future options to expand. We focus on two dimensions of this strategy: degree of diversification and relatedness between segments. We posit that at low levels of diversification, the option exercising effect prevails, whereas the option creation effect dominates at higher diversification levels. Relatedness sparks interaction effects among growth options, which may make the value of the portfolio non-additive. This effect of relatedness may be moderated by diversification scope, which sets out the relative importance of synergies versus coordination costs. Using a panel sample of U.S. firms from 1998-2010 and accounting for endogeneity, we confirm a U-relationship between diversification and growth options. Results also reveal an inverse U-linkage between relatedness and the firm’s growth options value, which is less pronounced in high diversifiers than in low ones. This study extends the applicability of the real options approach to strategy, and suggests the relevance of a multidimensional and contingent view in the diversification debate.
Financial support was received from the Regional Government of Castilla y León (Ref. VA260U14), the Regional Government of Madrid and the European Social Fund (Ref. EARLYFIN, S2015/HUM-3353), the Spanish Ministry of Economy and Competitiveness (Ref. ECO2014-56102-P and ECO2016-77631-R), the Spanish Ministry of Education (FPU Programme), and the Banco Herrero Foundation.
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eng
Elsevier
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
The authors (Pablo de Andrés, Gabriel de la Fuente and Pilar Velasco)
Attribution-NonCommercial-NoDerivatives 4.0 International
Empresas-Finanzas
diversification
relatedness
real options
GMM system estimator
Diversification, relatedness and growth options value: Beyond a linear relationship
info:eu-repo/semantics/article
http://www.sciencedirect.com/science/article/pii/S0024630117300390
SI
THUMBNAIL
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oai:uvadoc.uva.es:10324/275182021-06-23T10:08:18Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Andrés Alonso, Pablo de
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500
Fuente Herrero, Gabriel de la
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500
0000-0002-6452-9232
San Martin, Pablo
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500
2017-12-03T21:10:14Z
2017-12-03T21:10:14Z
2015
BRQ Business Research Quarterly, Enero 2015, vol. 18, n. 1 p. 37-56
2340-9436
http://uvadoc.uva.es/handle/10324/27518
http://dx.doi.org/10.1016/j.brq.2014.08.002
37
1
56
BRQ Business Research Quarterly
18
Producción Científica
This paper seeks to shed further light on the capital budgeting techniques used by
Spanish companies. Our paper posits that the gap between theory and practice might be related
to the nature of sources of value and to the efficiency of mechanisms aligning managerial and
shareholder incentives, rather than to resource restrictions or model misinterpretation. We
analyze data from a survey conducted in 2011, the final sample comprising 140 non-financial
Spanish firms. Our findings show a behaviour pattern similar to that reported in prior research
for firms in other countries. Particularly noteworthy is that payback appears to be the most
widely used tool, while real options are used relatively little. Our results confirm that size and
industry are related to the frequency of use of certain capital budgeting techniques. Further, we
find that the relevance of growth opportunities and flexibility is an important factor explaining
the use of real options.
This work has benefited from financial support from the Spanish Ministry ofScience and Innovation (grant ref. ECO2011-29144-C03-01) and the Program of Advanced Human Capital Formation, Ministry of Education,Government of Chile. The authors assume all responsibility for any errors in this work.
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Elsevier
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
Asociación Científica de Economía y Dirección de Empresas
Attribution-NonCommercial-NoDerivatives 4.0 International
Empresas-Finanzas
Corporate investment
NPV
Capital budgeting
IRR
payback
real options
survey
CFO
Capital budgeting practices in Spain
info:eu-repo/semantics/article
https://ac.els-cdn.com/S2340943614000656/1-s2.0-S2340943614000656-main.pdf?_tid=637c2cfc-d86c-11e7-856c-00000aacb362&acdnat=1512334750_db299bbde97db81c14f78d04e451e014
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oai:uvadoc.uva.es:10324/275192021-06-23T10:08:20Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Andrés Alonso, Pablo de
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Fuente Herrero, Gabriel de la
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500
0000-0002-6452-9232
Pacheco Caro, Leonardo Rodrigo Andrés
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2017-12-03T21:31:57Z
2017-12-03T21:31:57Z
2016
Resumen de documento de trabajo
http://uvadoc.uva.es/handle/10324/27519
Producción Científica
This paper analyzes the triad of return, risk and real options for a sample of listed firms in the United Kingdom. Recent studies suggest that the lack of explanatory power of beta may be due to the influence of real options on the stock returns. The evidence about the relation between the observed returns and the changes in the risk of the stocks has been interpreted as a proof of the influence of real options on the value of the firm. We empirically analyze the relation between returns and different measures of the value of real options, comparing them to beta and other usual factors such as: book-to-market ratio and size. The evidence provided by our analysis in the U.K. shows a significant influence of contemporaneous changes in volatility of stock returns, and, especially of the skewness of returns, which supports the relevance of real options in the explanation of returns. These results are robust to the conditional relation between beta and observed returns as a function of the sign of excess market return.
Financial support has been received from the Regional Government of Castilla y León (Ref. VA260U14).
application/pdf
spa
Universidad de Valladolid
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
Los autores (Pablo de Andrés, Gabriel de la Fuente y Leonardo Pacheco)
Attribution-NonCommercial-NoDerivatives 4.0 International
Empresas-Finanzas
Real options
CAPM
three factors model
Fama-MacBeth
Rentabilidad, riesgo y opciones reales. Evidencia para el Reino Unido
info:eu-repo/semantics/article
SI
THUMBNAIL
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oai:uvadoc.uva.es:10324/380182021-06-23T10:08:21Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Barrio Tellado, María José del
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Herrero Prieto, Luis César
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2019-09-19T11:12:06Z
2019-09-19T11:12:06Z
2019
del Barrio-Tellado, M.J. & Herrero-Prieto, L.C. J Cult Econ (2019) 43: 485. https://doi.org/10.1007/s10824-019-09347-2
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10.1007/s10824-019-09347-2
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Journal of Cultural Economics
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The aim of this work was to evaluate the performance of a homogeneous state-run network of museums. Nonparametric models are used to measure relative efficiency in these institutions, and we employ a complex production function embracing a number of inputs and outputs adapted to the various functions which museums fulfil: preservation, research, communication, and exhibition. Our approach considers that managers drive certain outputs, but that others escape their control since they are co-produced by visitors and determined by demand conditions and external factors. Based on this, a network two-stage data envelopment analysis approach is applied to evaluate museums’ overall performance and to distinguish between efficiency in two stages: internal management and external outcomes. The low levels of performance and gaps in the scores from the first to the second stage suggest there are external factors that might determine museum performance. We therefore apply truncated regression models to analyse how and how much certain environmental variables might shape levels of museum efficiency. In this case, we consider indicators such as accessibility, tourism capacity, cultural appeal, museum age and the institutional management model. The application is performed on a sample taken from a Spanish state-run network of museums. Results show that, in general, good levels of efficiency in terms of management do not guarantee success when attracting visitors, and there seems to be a trade-off between the two goals. Variables such as tourism capacity and heritage endowments in the surrounding area, as well as the museum’s management model, may determine museums’ efficiency levels. The research findings may prove useful for running these cultural institutions and for those responsible for public resource allocation in cultural policies as well as for scholars, who may find a fresh approach for modelling museum efficiency and for discussing drivers of museum management success.
This research was financed by the Regional Ministry of Education of the Regional Government of Castilla y León (Spain) (Project Ref. VA012G19 )
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© Springer Science+Business Media, LLC, part of Springer Nature 2019
Modelling museum efficiency in producing inter-reliant outputs
info:eu-repo/semantics/article
info:eu-repo/semantics/acceptedVersion
https://link.springer.com/article/10.1007/s10824-019-09347-2#enumeration
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oai:uvadoc.uva.es:10324/429352021-06-23T10:08:22Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Barrio Tellado, María José del
3b061e952c44fa93
500
0000-0002-4818-932X
Herrero Prieto, Luis César
428b5ce262c8fcd5
500
0000-0002-2915-5706
Murray, Clare
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2020-10-13T15:43:22Z
2020-10-13T15:43:22Z
2020
del Barrio‐Tellado, MJ, Herrero‐Prieto, LC, Murray, C. Audience success or art for art's sake? Efficiency evaluation of dance companies in the United States. Nonprofit Management and Leadership. 2020; 31: 129– 152. https://doi.org/10.1002/nml.21411
1048-6682
http://uvadoc.uva.es/handle/10324/42935
10.1002/nml.21411
129
1
152
Nonprofit Management and Leadership
31
1542-7854
Producción Científica
Our aim is to evaluate the performance of American dance companies, considering that the production process may be subdivided into consecutive stages consisting of fundraising, artistic production, and social impact. A three‐stage network‐Data Envelopment Analysis model is applied which takes account of the links between stages in the form of intermediate inputs/outputs and provides an overall indicator of efficiency together with partial performance indicators in the stages. Given the lack of information for some variables, we previously undertook a process to impute missing values following MICE (multiple imputation by chained equations) procedures. Results show that the highest levels of efficiency are achieved during the cultural creation stage, whereas the lowest correspond to social impact, indicating that dance companies pursue artistic excellence in their cultural programming, irrespective of their activity's commercial outcomes. Moreover, public and private funds are seen to be channeled following this guideline, thereby justifying the non‐profit status of these entities.
Este trabajo forma parte del proyecto de investigación de la Junta de Castilla VA012G19
application/pdf
spa
Wiley
info:eu-repo/semantics/openAccess
Wiley
Entidades no lucrativas
Data Envelopment Analysis
Eficiencia
Dance companies
Audience success or art for art's sake ? Efficiency evaluation of dance companies in the United States
info:eu-repo/semantics/article
info:eu-repo/semantics/submittedVersion
https://onlinelibrary.wiley.com/doi/full/10.1002/nml.21411?af=R
SI
ORIGINAL
NPML 2020_Manuscript TotalR.pdf
NPML 2020_Manuscript TotalR.pdf
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861939
https://uvadoc.uva.es/bitstream/10324/42935/4/NPML%202020_Manuscript%20TotalR.pdf
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NPML 2020_Manuscript TotalR.pdf.jpg
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LICENSE
license.txt
license.txt
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10324/42935
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2021-06-23 12:08:22.712
UVaDOC
repositorio@uva.es
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oai:uvadoc.uva.es:10324/429512021-06-23T11:11:44Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Barrio Tellado, María José del
3b061e952c44fa93
500
0000-0002-4818-932X
Gómez Vega, Mafalda
5dbfc3f2395f69b9
500
0000-0003-0810-3517
Gómez Zapata, Jonathan Daniel
448d7b89-b1b6-4343-89b5-0cef64ac26c2
500
Herrero Prieto, Luis César
428b5ce262c8fcd5
500
0000-0002-2915-5706
2020-10-14T09:59:26Z
2020-10-14T09:59:26Z
2020
Socio-Economic Planning Sciences, Available online 8 August 2020, 100928 In Press
0038-0121
http://uvadoc.uva.es/handle/10324/42951
10.1016/j.seps.2020.100928
100928
Socio-Economic Planning Sciences
The aim of this work is to posit a model to evaluate the efficiency of a system of urban public libraries and to examine the impact of certain contextual variables on the level of performance. We take the System of Public Libraries in the city of Medellin (Colombia) as a case study and consider a production function which displays three main characteristics. First, it is a complete production function which spans the different activities undertaken by these institutions, not only the one that identifies it with its function as a repository of knowledge. Second, there is the production function in stages, which allows us to distinguish between the various activities controlled by management from those coproduced with users, together with the link between the two. The third is a production function which takes into account temporal interdependence relations by identifying quasi-fixed inputs that remain for the provision of the service over time. This then allows us to analyse how efficiency evolves during the period in question. Efficiency evaluation is carried out by employing a dynamic-network-DEA model and we also apply truncated bootstrap regression to estimate the effect of certain contextual variables on library efficiency. The results evidence a growing trend in the efficiency indices, with values that are slightly more favourable in the second stage of service provision than in the stage focusing on managing the cultural programme. Factors such as the level of education, population density, youthfulness, and safety are seen to positively affect library performance, particularly in the second stage vis-à-vis the public.
Este trabajo forma parte del proyecto de investigación de la Junta de Castilla VA012G19
application/pdf
spa
Elsevier
info:eu-repo/semantics/restrictedAccess
Elsevier
D24 H41 Z11 Z18
Public libraries
Bibliotecas públicas
Urban public libraries: Performance analysis using dynamic-network-DEA
info:eu-repo/semantics/article
info:eu-repo/semantics/submittedVersion
https://www.sciencedirect.com/science/article/pii/S0038012120301853?via%3Dihub
SI
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BIBMED SEPS 2020_ManuscriptR.pdf.jpg
BIBMED SEPS 2020_ManuscriptR.pdf.jpg
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https://uvadoc.uva.es/bitstream/10324/42951/3/BIBMED%20SEPS%202020_ManuscriptR.pdf.jpg
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LICENSE
license.txt
license.txt
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https://uvadoc.uva.es/bitstream/10324/42951/2/license.txt
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MD5
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ORIGINAL
BIBMED SEPS 2020_ManuscriptR.pdf
BIBMED SEPS 2020_ManuscriptR.pdf
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https://uvadoc.uva.es/bitstream/10324/42951/1/BIBMED%20SEPS%202020_ManuscriptR.pdf
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10324/42951
oai:uvadoc.uva.es:10324/42951
2021-06-23 13:11:44.159
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repositorio@uva.es
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oai:uvadoc.uva.es:10324/478992021-09-10T09:51:19Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Andrés Alonso, Pablo de
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Fuente Herrero, Gabriel de la
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0000-0002-6452-9232
Velasco González, María Del Pilar
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0000-0002-9958-7889
2021-08-19T08:39:22Z
2021-08-19T08:39:22Z
2021
Journal of Business Research, 2021, vol. 132. p. 571-585
0148-2963
https://uvadoc.uva.es/handle/10324/47899
10.1016/j.jbusres.2021.04.074
Producción Científica
This paper investigates a firm’s decision to exercise its growth options within the current scope of business. We contend that the point at which a firm chooses whether or not to exercise such options depends on several strategic characteristics associated to its portfolio of businesses (i.e. level of diversification, average volatility of its current business, relatedness among them, and rivalry in its core business). Using a sample of U.S. companies from 1998 to 2013, we find evidence that a firm’s level of diversification and the volatility of its current business deter immediate growth option exercise. In contrast, relatedness and rivalry in its core business trigger growth options exercise. Our portfolio perspective differs from the bulk of the literature on real options, which evaluates each growth option exercise in isolation, and contributes to furthering knowledge on the drivers underlying a diversified firm's strategic investments.
Junta de Castilla y León (grant VA260U14)
Gobierno de la Comunidad de Madrid - Fondo Social Europeo (grant EARLYFIN, S2015/HUM-3353)
Ministerio de Ciencia e Innovación (grants ECO2017-84864-P and ECO2017-85356-P)
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eng
Elsevier
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
© 2021 The Authors
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Opportunity exploitation
Explotación de oportunidades
Portfolio
Investment strategy
Investment strategies
Estrategias de inversión
Exercising a firm’s growth options: A portfolio approach
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://www.sciencedirect.com/science/article/pii/S0148296321003192?via%3Dihub
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oai:uvadoc.uva.es:10324/479202021-08-19T20:54:13Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Horra Ruiz, Luis Pablo de la
35ff2abfa1e5a4a9
600
Perote Peña, Javier
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600
Fuente Herrero, Gabriel de la
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600
0000-0002-6452-9232
2021-08-19T10:40:14Z
2021-08-19T10:40:14Z
2021
International Review of Economics & Finance, 2021, vol. 75. p. 609-624
1059-0560
https://uvadoc.uva.es/handle/10324/47920
10.1016/j.iref.2021.04.035
Producción Científica
This paper investigates the impact of monetary policy on firm-level investment in contexts of economic turmoil. Using a panel of US public firms for the period 2000–2019, we show that policy-rate-based transmission mechanisms are undermined when uncertainty spikes. Furthermore, we find evidence of the existence of asymmetries at the firm level. In line with real options theory's predictions, firms with higher levels of investment irreversibility, operational inflexibility, and market power, as well as firms with lower cash flows and who operate in low-innovation sectors tend to be less responsive to changes in monetary policy. The effectiveness of monetary policy thus depends on the ability of monetary authorities to reduce uncertainty via expectations-based monetary tools, whilst targeting those sectors more likely to be affected by monetary-policy shifts.
Ministerio de Economía, Industria y Competitividad (grant ECO 2017-84864-P)
Junta de Castilla y León (grant SA049G19)
application/pdf
eng
Elsevier
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by/4.0/
© 2021 The Authors
Atribución 4.0 Internacional
Investment decisions
Decisiones de inversión
Interest rates
Tasas de interés
Central banks
Bancos centrales
Panel vector autoregressive
Autorregresión vectorial
Monetary policy and corporate investment: A panel-data analysis of transmission mechanisms in contexts of high uncertainty
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://www.sciencedirect.com/science/article/pii/S1059056021001003?via%3Dihub
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Monetary-policy-corporate-investment.pdf
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2021-08-19 22:54:13.642
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oai:uvadoc.uva.es:10324/479292021-08-19T20:54:15Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Díaz Díaz, Nieves Lidia
954608cb-5151-4d97-a551-0fa5a4127061
600
López Iturriaga, Félix Javier
a234f54add0cf8a2
600
0000-0003-0875-5283
Santana Martín, Domingo Javier
e2f95f58-6f20-44c4-8158-9fcf5315c149
600
2021-08-19T10:58:18Z
2021-08-19T10:58:18Z
2021
Long Range Planning, 2021, In Press, 102111
0024-6301
https://uvadoc.uva.es/handle/10324/47929
10.1016/j.lrp.2021.102111
Producción Científica
We examine the relationship between firms' political connections and corporate innovation in a European context. We also consider the moderating effect of political connections on the relationship between political uncertainty and firms' innovation. We use two different metrics of innovation: R&D (an input measure), and patent counts (an output measure). We find that firms with former politicians on their board of directors invest less in R&D than their counterpart firms. However, the presence of this type of director on the board is positively associated with the number of a firm's patent applications. It seems that, although political ties reduce the amount of resources devoted to R&D activities, they increase the effectiveness of intellectual rights protection. Results also show that political uncertainty decreases R&D investment but exacerbates the need for legal protection of innovation through patents. According to our results, political connections attenuate the effect of political uncertainty on firm innovation such that the negative (positive) effect of uncertainty on R&D intensity (patents) weakens when the firm is politically connected.
Ministerio de Economía, Industria y Competitividad (grants ECO2017-84864-P and ECO2017-84132-R)
application/pdf
eng
Elsevier
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
© 2021 The Authors
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Corporate innovation
Innovación corporativa
The role of political ties and political uncertainty in corporate innovation
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://www.sciencedirect.com/science/article/pii/S002463012100042X?via%3Dihub
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oai:uvadoc.uva.es:10324/479732021-08-23T20:46:54Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Vega Gutiérrez, Pedro Luis
f1e6b89a58f18e37
600
López Iturriaga, Félix Javier
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600
0000-0003-0875-5283
Rodríguez Sanz, Juan Antonio
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0000-0001-7228-4020
2021-08-23T09:54:44Z
2021-08-23T09:54:44Z
2021
Research in International Business and Finance, 2021, vol. 58, 101431
0275-5319
https://uvadoc.uva.es/handle/10324/47973
10.1016/j.ribaf.2021.101431
Producción Científica
This study examines the influence of labour market conditions on corporate capital structure in a sample of 2892 firms from France, Germany, Italy, Spain, and the UK. After considering the effect of unemployment and inflation, we analyse the impact of two market imperfections: employees’ rights and downward wage rigidity. Results indicate that financial leverage responds to changes in unemployment and inflation. We also find that the influence of employees’ rights is non-linear, whereas the negative effect of downward wage rigidity is moderated by firms’ market power. Taken together, our results show that corporate financial decisions are conditioned not only by firm-level issues but also by a country’s labour market.
Ministerio de Economía, Industria y Competitividad (grant ECO2017-84864-P)
application/pdf
eng
Elsevier
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
© 2021 Los Autores
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Capital structure
Estructura de capital
Unemployment
Desempleo
Inflation
Inflación
Labour market
Mercado laboral
Labour market conditions and the corporate financing decision: A European analysis
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://www.sciencedirect.com/science/article/pii/S0275531921000520?via%3Dihub
SI
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Labour-market-conditions.pdf.jpg
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LICENSE
license.txt
license.txt
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2021-08-23 22:46:54.093
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repositorio@uva.es
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oai:uvadoc.uva.es:10324/480902021-08-26T20:46:31Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Vallelado González, Eleuterio
91062a81685a437d
600
0000-0001-8079-7416
García Olalla, Myriam
910fa75b-238b-434c-add5-d41fba005be0
600
2021-08-26T08:09:09Z
2021-08-26T08:09:09Z
2021
Corporate Governance: An International Review, 2021, p. 1–28
0964-8410
https://uvadoc.uva.es/handle/10324/48090
10.1111/corg.12397
Corporate Governance: An International Review
1467-8683
Producción Científica
Research Question/Issue: This research seeks to explain whether changes in bankboard size and/or composition signal the effectiveness of the board in terms ofmonitoring and advising.Research Findings/Insights: Our contribution provides empirical evidence on thenegative reaction of investors to board changes, identifies the variables that explainthis reaction, and finds that banks with experienced executive directors on theirboard are candidates to announce increases in board size. Our empirical analysis isbased on 608 announcements by banks headquartered in 19 European countriesover the period 2003 – 2015. We apply the Event Studies methodology, Heckman'sanalysis, system estimator regressions, and probit analysis.Theoretical/Academic Implications: Our results allow us to conclude that investorsperceive changes in board composition as an ineffective response to bank problems,except when the changes increase the number of non-executives. Bank shareholderspositively value board changes when the bank has a powerful corporate executiveofficer and negatively value those banks with high dividends that announce thesechanges. Banks with higher interest margin and higher executive experience andseniority are more prone to make changes in board size and composition, while thosewith powerful corporate executive officers, executive directors distracted by theirresponsibilities on other boards, higher non-executive attrition, where all non-executives are male, with one-tier boards, headquartered in a large country, or thosedelisting from stock markets will avoid changes in board size.Practitioner/Policy Implications: This study offers insights to policy makers inter-ested in enhancing banks' corporate governance. Boards should improve the informa-tion and transparency of their announcements to signal the effectiveness of boarddecisions. In addition, it provides insights about the influence of Board Chairs whohold the position of corporate executive officer in the design and effectiveness ofbanks' corporate governance.
European Commission (Grant/Award Number:620132-EPP-1-2020-1-ES-EPPJMO-MODULE)
Ministerio de Ciencia e Innovación (Grant/Award Numbers: PID2020-114797GB-100, PID2020-113367RB-100)
application/pdf
eng
Wiley
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by/4.0/
© 2021 The Authors
Atribución 4.0 Internacional
Corporate governance
Gobierno corporativo
Marketreaction
Reacción del mercado
53 Ciencias Económicas
Bank board changes in size and composition: Do they matter for investors?
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://onlinelibrary.wiley.com/doi/10.1111/corg.12397?af=R
SI
THUMBNAIL
Bank-board-changes.pdf.jpg
Bank-board-changes.pdf.jpg
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license.txt
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Bank-board-changes.pdf
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2021-08-26 22:46:31.46
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oai:uvadoc.uva.es:10324/481352021-08-29T18:30:51Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Fuente Herrero, Gabriel de la
49449557325bbde6
600
0000-0002-6452-9232
Velasco González, María Del Pilar
9fba184eb811e9b3
500
0000-0002-9958-7889
2021-08-27T07:44:13Z
2021-08-27T07:44:13Z
2021
Finance Research Letters, 2021, In Press, 102288
1544-6123
https://uvadoc.uva.es/handle/10324/48135
10.1016/j.frl.2021.102288
Producción Científica
This paper examines the interplay between the signalling function of bank debt and other indicators which might reveal incongruence among a firm's actions and question the sincerity of its sustainability engagement. Empirical evidence on a sample of U.S. companies reveals that the presence of bank debt in a firm's leverage improves the performance of sustainability. This beneficial effect of bank debt is greater for the environmental pillar. However, bank debt signalling weakens (or even disappears) in the presence of other indicators that express incongruence, such as a low uniformity in the commitment across sustainability pillars and belonging to a culpable industry. Overall, this study highlights the importance of harmonizing the signal set so that it has an impact on firm value.
Ministerio de Ciencia, Innovación y Universidades (grants ECO2017-84864-P and PID2020-114797GB-I00)
application/pdf
eng
Elsevier
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
© 2021 The Authors
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Bank debt
Deuda bancaria
Corporate sustainability
Sostenibilidad corporativa
Bank debt signalling and corporate sustainability: Does incongruence blur the message?
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://www.sciencedirect.com/science/article/pii/S1544612321003251?via%3Dihub
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2021-08-29 20:30:51.95
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oai:uvadoc.uva.es:10324/486812021-09-19T18:31:32Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Fuente Herrero, Gabriel de la
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600
0000-0002-6452-9232
Ortiz Almeyda, Margarita
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600
Velasco González, María Del Pilar
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0000-0002-9958-7889
2021-09-17T07:59:05Z
2021-09-17T07:59:05Z
2021
Long Range Planning, 2021, In Press, 102143
0024-6301
https://uvadoc.uva.es/handle/10324/48681
10.1016/j.lrp.2021.102143
Producción Científica
Firms allocate many resources to environmental, social, and governance (ESG) issues and to growth options as if they were independent sources of value. Challenging this view, this paper explores the interplay of a firm's engagement in ESG practices and growth options in determining its total value. We draw upon real options reasoning to explain how ESG practices can carry two opposite (trust-enhancing and risk-reducing) forces, driving an inverted U-form relationship between ESG performance and growth options value. Moreover, we argue that ESG performance and growth options are likely to build substitutive insurance mechanisms which might exert a negative moderating effect of growth options on the relationship between ESG performance and a firm's total value. Empirical analyses of ESG scores and growth options values on a panel of U.S. firms from 2009 to 2018 provide substantial support for our hypotheses. Our results show that the inverted U-form relationship between ESG performance and growth options value becomes stronger for the environmental and social pillars. Our evidence on the moderating effect of growth option values also provides valuable insights for interpreting prior conflicting empirical evidence on the association between ESG performance and a firm's total value.
Ministerio de Ciencia, Innovación y Universidades (grants PID2020-114797GB-I00 and ECO2017-84864-P)
application/pdf
eng
Elsevier
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
© 2021 Elsevier
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Corporate sustainability
Sostenibilidad corporativa
Corporate social responsibility
Responsabilidad social corporativa
Firm value
Valor de empresa
The value of a firm’s engagement in ESG practices: Are we looking at the right side?
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://www.sciencedirect.com/science/article/pii/S0024630121000741?via%3Dihub
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oai:uvadoc.uva.es:10324/489682021-11-23T09:59:58Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Barrio Tellado, María José del
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0000-0002-4818-932X
Herrero Prieto, Luis César
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600
0000-0002-2915-5706
2021-10-08T10:42:21Z
2021-10-08T10:42:21Z
2021
The Journal of Arts Management, Law, and Society, 2021, vol. 51, n. 4 p. 207-223.
1063-2921
https://uvadoc.uva.es/handle/10324/48968
10.1080/10632921.2021.1890656
10.1080/10632921.2021.1890656
207
4
223
The Journal of Arts Management, Law, and Society
51
1930-7799
This work aims to evaluate cultural policies, specifically in the dance sector, an area which has received scant attention in economic literature so far. Data Envelopment Analysis (DEA) is applied to evaluate public programme performance and the stakeholders involved therein. We select a Spanish public policy supporting dance as a case study, which includes public authorities, theatres and dance companies. The former provide the funding while the others offer the artistic idea taken to the audience. We find that efficiency in resource performance often runs counter to other cultural aims such as increasing audiences or extending repertoire diversity.
Junta de Castilla y León (grant VA012G19)
application/pdf
spa
info:eu-repo/semantics/openAccess
Evaluating a Cultural Policy in the Dance Sector. Does Efficiency Always Mean Achieving Goals?
info:eu-repo/semantics/article
info:eu-repo/semantics/draft
https://www.tandfonline.com/doi/abs/10.1080/10632921.2021.1890656?journalCode=vjam20
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THUMBNAIL
EVALUATING A CULTURAL POLICY IN THE DANCE SECTOR.pdf.jpg
EVALUATING A CULTURAL POLICY IN THE DANCE SECTOR.pdf.jpg
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LICENSE
license.txt
license.txt
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https://uvadoc.uva.es/bitstream/10324/48968/2/license.txt
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EVALUATING A CULTURAL POLICY IN THE DANCE SECTOR.pdf
EVALUATING A CULTURAL POLICY IN THE DANCE SECTOR.pdf
application/pdf
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https://uvadoc.uva.es/bitstream/10324/48968/1/EVALUATING%20A%20CULTURAL%20POLICY%20IN%20THE%20DANCE%20SECTOR.pdf
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10324/48968
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2021-11-23 10:59:58.095
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oai:uvadoc.uva.es:10324/516682022-02-16T13:27:34Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Velasco González, María Del Pilar
9fba184eb811e9b3
500
0000-0002-9958-7889
2022-01-24T09:53:42Z
2022-01-24T09:53:42Z
2021
The British Accounting Review, 2021, p. 101070
0890-8389
https://uvadoc.uva.es/handle/10324/51668
10.1016/j.bar.2021.101070
Producción Científica
This study investigates the interrelationship between bank regulatory capital and bank diversification. We argue that regulatory capital might act as a substitutive mechanism of diversification to alleviate a bank's default risk. As a result, regulatory capital is likely to discourage firms from excessive diversification, which might in turn indirectly improve bank value. Using a sample of listed banks in developed countries from 2011 to 2017, we find that total regulatory capital is inversely associated with bank diversification. Narrower regulatory capital ratios only have a significant association with income-based but not with asset-based diversification. Our results also reveal an indirect effect of regulatory capital on bank value mediated by bank diversification (i.e. indirect-only mediation). Overall, our study provides novel insights into the complementarity of the institutional and strategic domains so as to understand the far-reaching implications of regulation reforms for the strategic behaviour of banking companies.
Ministerio de Ciencia, Innovación y Universidades (grants ECO2017-84864-P and PID2020-114797GB-I00)
application/pdf
eng
Elsevier
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
© 2021 The Author
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Banking industry
Industria bancaria
Regulatory capital
Capital regulatorio
Firm value
Valor de empresa
Is bank diversification a linking channel between regulatory capital and bank value?
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://www.sciencedirect.com/science/article/pii/S0890838921000962?via%3Dihub
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2022-02-16 14:27:34.752
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oai:uvadoc.uva.es:10324/524972022-03-30T20:58:56Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Horra Ruiz, Luis Pablo de la
35ff2abfa1e5a4a9
600
Perote Peña, Javier
8a3cc8dc-4708-4b82-8fe1-8f923083141a
600
Fuente Herrero, Gabriel de la
49449557325bbde6
600
0000-0002-6452-9232
2022-03-16T10:32:33Z
2022-03-16T10:32:33Z
2022
Economics Letters, 2022, vol. 214, 110413
0165-1765
https://uvadoc.uva.es/handle/10324/52497
10.1016/j.econlet.2022.110413
Producción Científica
This paper adopts a real options approach to investigate the effects of economic policy uncertainty (EPU) and monetary policy on R&D investment. Using a panel of U.S. firms over the period 2000-2019, we show that higher (lower) EPU and contractionary (expansionary) monetary policy exert a positive (negative) and significant influence on R&D investment. Our findings shed light on the counter-intuitive behavior of R&D investments, which may help policymakers to anticipate such collateral effects.
Ministerio de Ciencia, Innovación y Universidades (project PID2020-114797GB-I00)
application/pdf
eng
Elsevier
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
© 2022 The Authors
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Monetary policy
Política monetaria
Research and development
Investigación y desarrollo
The impact of economic policy uncertainty and monetary policy on R&D investment: An option pricing approach
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://www.sciencedirect.com/science/article/pii/S0165176522000787?via%3Dihub
SI
THUMBNAIL
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Impact-economic-policy.pdf
Impact-economic-policy.pdf
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oai:uvadoc.uva.es:10324/52497
2022-03-30 22:58:56.171
UVaDOC
repositorio@uva.es
oai:uvadoc.uva.es:10324/534202022-05-19T20:49:04Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Barrio Tellado, María José del
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600
0000-0002-4818-932X
Herrero Prieto, Luis César
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600
0000-0002-2915-5706
2022-05-19T09:25:13Z
2022-05-19T09:25:13Z
2022
Journal of Cultural Heritage, 2022, vol. 53. p. 24-34
1296-2074
https://uvadoc.uva.es/handle/10324/53420
10.1016/j.culher.2021.10.007
Producción Científica
The efficiency evaluation of cultural institutions is proving to be a highly fertile area for theoretical and applied research. Nevertheless, few studies have thus far focused on the dynamic analysis of efficiency and on estimating productivity to gauge how receptive these institutions are to technological progress. The present work provides an approach to these two goals for a sample of public museums in Spain by applying a non-parametric technique, the dynamic-network DEA model, and by calculating the corresponding dynamic Malmquist indices. This involves positing a production function broken down into production activities and time intervals, with inputs that are inter-related horizontally (production links) and vertically (time carry-overs). Results show that museum productivity remains practically stable over a long period of time, thus partly confirming the hypothesis of Baumol's cost disease adapted to these activities. Nevertheless, breaking down the indices into catch-up and shift-frontier effects reveals substantial growth in productivity at the stage involving the creation of the cultural supply, due to a displacement of the results frontier as well as significant improvements in museum efficiency at the stage involving the provision of services geared towards attracting visitors. This also reflects a change in museums’ functional priorities, where the goals related to visibility and activities involving dissemination and social impact prove to be particularly important.
Junta de Castilla y León (project VA012G19)
application/pdf
eng
Elsevier
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
© 2021 The Authors
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Cultural heritage
Patrimonio cultural
Economics of museums
Museos - Aspectos económicos
Analysing productivity and technical change in museums: A dynamic network approach
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://www.sciencedirect.com/science/article/pii/S1296207421001618?via%3Dihub
SI
THUMBNAIL
Analysing-productivity-technical-change.pdf.jpg
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LICENSE
license.txt
license.txt
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CC-LICENSE
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Analysing-productivity-technical-change.pdf
Analysing-productivity-technical-change.pdf
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2022-05-19 22:49:04.019
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oai:uvadoc.uva.es:10324/590492023-03-29T19:02:15Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
de la Cuesta González, Marta
c5c7b3ef-c3dd-40ac-8d35-672200f2355c
Ruza, Cristina
c7ead90f-0bde-4c38-9f94-d303d47aa47e
Rodríguez Fernández, José Miguel
adfa58bed0c0c62e
600
0000-0002-2682-883X
2023-03-29T10:25:16Z
2023-03-29T10:25:16Z
2020
Sustainability 2020, vol. 12, n. 13, 5449
https://uvadoc.uva.es/handle/10324/59049
10.3390/su12135449
5449
13
Sustainability
12
2071-1050
Producción Científica
Sustainable finance seeks to increase the contribution of finance to sustainable and inclusive growth. The global financial crisis of 2008 provoked the return of inequality in advanced countries to levels typical of a century ago. The aim of this paper is to empirically analyze the relationship between finance and income inequality for a group of nine OECD countries over the pre-crisis and post-crisis periods (2000–2015). The model proposed in this study simultaneously considers two explanatory variables for measuring financial depth (credit provision and capital markets) and a new multidimensional variable to measure the financial system’s resilience (a composite indicator), and conducts panel data analysis. The empirical results confirm that in terms of financial depth, the "too much finance hypothesis" holds. We also find that financial system’s resilience helps alleviate existing income inequality and that income inequality appears higher in liberal market economies than in coordinated economies. These results encourage policymakers to look beyond traditional public redistribution interventions and to pay attention to other financial variables related to the financialization process, the behavior of financial intermediaries, and the specific environment in which they operate.
application/pdf
eng
MDPI
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by/4.0/
© 2020 The Authors
Atribución 4.0 Internacional
Ingeniería eléctrica
Sustainable finance
Income inequality
Composite indicator
Financial crisis
Financiación sostenible
Desigualdad de ingresos
Indicador compuesto
Crisis financiera
53 Ciencias Económicas
Rethinking the income inequality and financial development nexus. A study of nine OECD countries
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://www.mdpi.com/2071-1050/12/13/5449
SI
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LICENSE
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oai:uvadoc.uva.es:10324/604022024-01-29T13:29:37Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Fortuna Lindo, José María
46e483515b0b081e
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0000-0002-0744-3678
Fuente Herrero, Gabriel de la
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0000-0002-6452-9232
Velasco González, María Del Pilar
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0000-0002-9958-7889
2023-07-18T11:55:41Z
2023-07-18T11:55:41Z
2023
The International Journal of Management Education, 2023, Vol. 21, Issue 3, 100846
1472-8117
https://uvadoc.uva.es/handle/10324/60402
10.1016/j.ijme.2023.100846
100846
3
The International Journal of Management Education
21
Producción Científica
This article aims to investigate the potential mediating role of gamification in the relationship between students' digital social capital and their academic performance. Social networks are informal platforms where students can develop their own skills in order to adapt to the digital environment and where there is visibility in public rankings. Consequently, we argue that digital social capital developed through the use of social networks can promote student motivation and engagement in online gamification practices, which in turn might help to enhance their course performance. Our empirical study applies a survey-based approach on a sample of 133 undergraduate students enrolled in a hybrid course in corporate finance at a Spanish public university during the COVID-19 pandemic. Empirical evidence suggests that stronger digital social capital (i.e. a greater number of following contacts in social networks) increases a student's propensity to participate in Kahoot! gamification. Additionally, digital social capital has a positive indirect effect on a student's academic performance, with this relationship being mediated by Kahoot! participation. This educational research encourages links between different digital technologies to be exploited to a greater extent in order to strengthen student engagement and maximize their academic performance.
Vicerrectorado de Docencia Innovadora y Transformación Digital de la Universidad de Valladolid (Proyecto PID Ref. 051, 2020/2021, Proyecto PID Ref. 151, 2021/2022, y proyecto PID Ref. 043, 2022/2023).
application/pdf
eng
Elsevier
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
© 2023 The Authors
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Gamificación
Redes sociales (Internet)
Encuestas
Gamification
Social networks
Academic performance
Gamificación
Redes sociales
Rendimiento académico
5303.05 Contabilidad Social
Does gamification mediate the relationship between digital social capital and student Performance? A survey-based study in Spain
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://www.sciencedirect.com/science/article/pii/S1472811723000848?via%3Dihub
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oai:uvadoc.uva.es:10324/629942023-11-16T06:59:22Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Bolaños, Edmundo Lizarzaburu
2e6cd08c-e5fc-4842-8c34-fcf0d9758dbc
Brío González, Jesús Angel del
b139e8a3-07e7-4021-b99b-5aaf57d2e801
600
García Gómez, Conrado Diego
449c682edd7b4089
600
0000-0001-8184-3285
2023-11-15T12:17:37Z
2023-11-15T12:17:37Z
2022
Sustainability, 2022, Vol. 14, Nº. 2, 833
2071-1050
https://uvadoc.uva.es/handle/10324/62994
10.3390/su14020833
833
2
Sustainability
14
2071-1050
Producción Científica
This paper analyzes the direct influence of CSR educational actions on business confidence in the context of the banking sector in an emerging country (Peru). A mediating effect through corporate reputation is also analyzed. To test the hypotheses presented in this paper, we have sent a survey to 1745 executive officers of the branches of the banks. These key individuals were selected as the target population of the study because the authors sought to study the management’s perception of CSR and business confidence. From the data obtained from the survey, it has been tested that educational CSR actions in Peruvian banks directly influences the perception of business confidence. Secondly, this relationship is partially mediated by the effect of CSR educational actions on corporate reputation.
application/pdf
eng
MDPI
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by/4.0/
© 2022 The Authors
Atribución 4.0 Internacional
Corporate social responsibility
Social responsibility of business
Empresas - Responsabilidad social
Industria - Aspecto social
Empresas - Aspecto social
Corporate image
Imagen corporativa
Corporations - Public relations
Business planning
Planificación empresarial
Banks and banking
Bancos
Education
Finance - Developing countries
Finanzas - Países en desarrollo
Finanzas
Perú
5304.06 Dinero y Operaciones Bancarias
5310 Economía Internacional
5311 Organización y Dirección de Empresas
5312.04 Educación
CSR in education on business confidence: Mediation effect of corporate reputation in the Peruvian banking sector
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://www.mdpi.com/2071-1050/14/2/833
SI
THUMBNAIL
CSR-in-Education-on-Business-Confidence.pdf.jpg
CSR-in-Education-on-Business-Confidence.pdf.jpg
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LICENSE
license.txt
license.txt
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https://uvadoc.uva.es/bitstream/10324/62994/3/license.txt
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CSR-in-Education-on-Business-Confidence.pdf
CSR-in-Education-on-Business-Confidence.pdf
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2023-11-16 07:59:22.907
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oai:uvadoc.uva.es:10324/632232023-11-29T20:00:47Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Apostu, Simona Andreea
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500
Gigauri, Iza
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Panait, Mirela
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Martín Cervantes, Pedro Antonio
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2023-11-24T12:44:11Z
2023-11-24T12:44:11Z
2023
International Journal of Environmental Research and Public Health, 2023, Vol. 20, Nº. 2, 1078
1660-4601
https://uvadoc.uva.es/handle/10324/63223
10.3390/ijerph20021078
1078
2
International Journal of Environmental Research and Public Health
20
1660-4601
Producción Científica
The challenges imposed by climate change and the limited nature of resources generate paradigm shifts at the level of economic, social, and environmental policies and strategies. Promoting the principles of sustainable development and the circular economy is a priority worldwide. Thus, the motivation of this research is to explore the European countries’ path toward sustainable development by analysing the relationship between green environment, economic growth, and circular economy issues. In order to explore this relationship in the case of European countries, the analysis takes into consideration specific variables: final energy consumption, GDP, capital gross fixed capital formation, greenhouse gas emissions, SOx emissions, NOx emissions, and generation of municipal waste per capita. This study is focused on the period 2009–2020 for 31 European countries, with data being provided by Eurostat and World Bank databases. The panel data analysis was used in order to examine the relationship between a green environment, economic growth and a circular economy. The results of the study suggest that gross fixed capital formation and total greenhouse gas emissions lead to decreasing generation of municipal waste; instead, final energy consumption, GDP, SOx emissions and NOx emissions generate an increase in the generation of municipal waste. The novelty of our paper consists of associating green environment, economic growth, and circular economy in the case of European countries, the results allowing the proposal of economic policy measures to favor the green transition process considering the potential of the circular economy.
application/pdf
eng
MDPI
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by/4.0/
© 2023 The authors
Atribución 4.0 Internacional
Environment
Medio ambiente
Sustainable development
Desarrollo sostenible
Economic development
Desarrollo económico
Circular economy
Economía circular
Granger causality
Sustainability
Sostenibilidad
Europe
Europa
5902.08 Política del Medio Ambiente
5310 Economía Internacional
Is Europe on the way to sustainable development? Compatibility of green environment, economic growth, and circular economy issues
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://www.mdpi.com/1660-4601/20/2/1078
SI
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oai:uvadoc.uva.es:10324/653912024-01-30T20:01:18Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Azofra Palenzuela, Valentín Teodoro
b83458dd-e1c1-415c-9710-4e7cc5f5788e
600
Rodríguez Sanz, Juan Antonio
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0000-0001-7228-4020
Velasco González, María Del Pilar
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0000-0002-9958-7889
2024-01-30T18:54:56Z
2024-01-30T18:54:56Z
2020
International Review of Economics & Finance, 2020, Vol. 69, p. 494-514.
1873-8036
https://uvadoc.uva.es/handle/10324/65391
https://doi.org/10.1016/j.iref.2020.06.001
Producción Científica
Based on a partial target adjustment model and the trade-off theory, this paper investigates
whether the influence of macroeconomic variables of monetary policy on corporate leverage is
shaped by the nature of borrowing, and more specifically by the presence of bank debt. Given the
importance of banking institutions as transmitters of monetary policy, we argue that this source of
debt might play a critical role in capital structure behaviour. In addition, as banking relationships
are more informative and flexible, bank debt is likely to soften the effects of the economic cycle.
Using a sample of European countries from 2004 to 2015, our evidence reveals that bank debt
modifies the impact which macroeconomic variables of monetary policy have on a firm’s leverage.
By comparing crisis and non-crisis periods, our results also show a more stable influence of said
variables over the business cycle on bank debt than on non-bank debt.
Research funding was provided by the Spanish Ministry of Economy and Competitiveness (grants ECO2014-56102-P and ECO2017-84864-P), the University of Valladolid (GIR in Finance and Accounting) and the Autonoma University of Madrid (research travel grant).
application/pdf
spa
Elsevier
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
The authors (Valentín Azofra, Juan Antonio Rodríguez Sanz, and Pilar Velasco)
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Empresas-Finanzas
capital structure
trade-off theory
macroeconomic factors
bank debt
GMM
The role of macroeconomic factors in the capital structure of European firms: How influential is bank debt?
info:eu-repo/semantics/article
info:eu-repo/semantics/acceptedVersion
https://www.sciencedirect.com/science/article/abs/pii/S1059056020301131
SI
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2024-01-30 21:01:18.145
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oai:uvadoc.uva.es:10324/653922024-01-30T20:01:18Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Fuente Herrero, Gabriel de la
49449557325bbde6
600
0000-0002-6452-9232
Velasco González, María Del Pilar
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500
0000-0002-9958-7889
2024-01-30T19:00:48Z
2024-01-30T19:00:48Z
2020
Journal of Banking & Finance, 2020, vol. 111, p. 105728.
0378-4266
https://uvadoc.uva.es/handle/10324/65392
https://doi.org/10.1016/j.jbankfin.2019.105728
Journal of Banking & Finance
Producción Científica
This study investigates the role of debt as an internal governance mechanism that can be employed by companies to curb agency conflicts and discourage managers from value-destroying diversification. Using a panel of U.S. firms, we find that leverage positively moderates the effect of diversification on a firm’s value. We confirm that such an effect stems from the monitoring role of debt, which fosters efficiency in investments across segments and discourages cross-subsidization. Our investigation goes a step further by delving into the disciplinary role of debt and rationalizing certain scenarios that determine whether the effect of debt on the diversification-value relationship is stronger or weaker. We find such a moderating effect proves more beneficial for unrelated diversified companies and for firms with lower investment opportunities. However, the benefits of debt weaken in the presence of an alternative monitoring device (concentrated ownership), and when debt allocation becomes discretionary in highly diversified compa- nies.
Financial support was received from the Regional Government of Castilla y León (ref. VA260U14) and the Spanish Ministry of Science and Innovation (ref ECO2014- 56102-P and ECO2017-84864-P ).
application/pdf
eng
Elsevier
Elsevier
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
The authors (Gabriel de la Fuente and Pilar Velasco)
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Empresas-Finanzas
corporate diversification
capital structure
agency theory
overinvestment
firm value
Capital structure and corporate diversification: Is debt a panacea for the diversification discount?
info:eu-repo/semantics/article
info:eu-repo/semantics/acceptedVersion
https://www.sciencedirect.com/science/article/abs/pii/S0378426619303012
SI
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2024-01-30 21:01:18.926
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oai:uvadoc.uva.es:10324/658142024-02-06T20:01:42Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Jimeno de la Maza, Francisco Javier
31f72dff98d274df
600
Redondo Cristóbal, Mercedes
586c2a503fee8ec6
600
2024-02-06T12:01:21Z
2024-02-06T12:01:21Z
2011
Revista de Trabajo y Seguridad Social. CEF, mayo 2011, n. 338, p. 129-164.
1138-9532
https://uvadoc.uva.es/handle/10324/65814
https://doi.org/10.51302/rtss.2011.5157
129
338
164
Revista de Trabajo y Seguridad Social. CEF
Producción Científica
A lo largo de los últimos años, la gestión de los recursos humanos en las organizaciones se está viendo afectada progresivamente por un incremento de presiones institucionales y sociales que insisten en la necesidad de prestar mayor atención a la diversidad. Específicamente, y puesto que todavía en la actualidad y en prácticamente cualquier contexto sociolaboral se observa la persistencia de ciertas situaciones de desigualdad de género, hay un creciente interés por el estudio de la diversidad de género en entornos corporativos, con numerosos desarrollos que se concentran particularmente en los grupos de la organización que se encuadran en el nivel jerárquico superior de decisión. El objetivo del presente trabajo consiste en comprobar si el grado de diversidad que exhiben los órganos de administración corporativa tiene algún impacto en forma de efectos organizacionales, y si esa potencial influencia depende a su vez de las características del entorno en el que actúa la entidad. A tal fin, se ha realizado un estudio empírico enfocado hacia los consejos de administración, sobre la base de una amplia muestra de sociedades anónimas españolas. Previamente al análisis de los efectos contingentes de la diversidad, se han obtenido indicadores descriptivos de la situación que presentan los consejos y de su evolución reciente, verificando si ciertos factores empresariales resultan explicativos de los bajos niveles de participación femenina que se ponen de manifiesto al considerar el nivel máximo de administración de las firmas españolas.
Junta de Castilla y León. Convocatoria EYE/584/2009 Ref. 2009/E-6
application/pdf
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Centro de Estudios Financieros
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Diversidad de género
Administración
Empresas españolas
5311 Organización y Dirección de Empresas
Estudio de la diversidad de género en la administración empresarial. Factores de incidencia y efectos organizacionales
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://revistas.cef.udima.es/index.php/rtss/article/view/5157
SI
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oai:uvadoc.uva.es:10324/658172024-02-06T20:01:43Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Redondo Cristóbal, Mercedes
586c2a503fee8ec6
600
Jimeno de la Maza, Francisco Javier
31f72dff98d274df
600
2024-02-06T12:13:06Z
2024-02-06T12:13:06Z
2013
Revista de Trabajo y Seguridad Social. CEF, noviembre 2013, n. 368, p. 149-182
2792-8314
https://uvadoc.uva.es/handle/10324/65817
https://doi.org/10.51302/rtss.2013.3196
149
368
182
Revista de Trabajo y Seguridad Social. CEF
Producción Científica
Este trabajo ha obtenido el Accésit Premio Estudios Financieros 2013 en la modalidad de Recursos Humanos. Adicionalmente a su configuración como un paradigma de referencia en la reciente investigación organizacional, la responsabilidad social corporativa (RSC) cuenta hoy en día con una indudable proyección sobre la práctica gestora. Muchas organizaciones han optado por la adopción voluntaria de líneas de actuación que responden a patrones específicos de conducta corporativa conforme a los cuales una entidad muestra una visión abierta a la satisfacción de objetivos de una pluralidad de interesados que se interrelacionan con la actividad de la firma, entre los que se encuentran los recursos humanos de los que dispone la entidad. En el presente trabajo se contempla una serie de iniciativas corporativas de RSC interna, considerando como tales a aquellas en las que los recursos humanos son los destinatarios directos de sus efectos perceptibles, con la finalidad de analizar empíricamente los niveles de implantación que se han alcanzado a escala europea, a través de la selección de una muestra que comprende a 551 de las principales empresas cotizadas ubicadas en 15 países, observando asimismo su evolución a lo largo del periodo 2007-2011, ambos inclusive. Complementariamente, el estudio también comprueba la hipótesis que presupone que el nivel de desarrollo que alcanzan dichas prácticas de RSC produce una mejora en los indicadores de éxito financiero de una empresa.
Ministerio de Trabajo e Inmigración Convocatoria 2011 TIN/3297/2010, exp. F11406
Obra social Caja de Burgos. Convocatoria 2010
application/pdf
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Centro de Estudios Financieros
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Responsabilidad social corporativa interna
Ratios financieros
Rentabilidad empresarial
5311 Organización y Dirección de Empresas
Las iniciativas corporativas de responsabilidad social orientadas hacia los recursos humanos y su implantación en empresas europeas
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://revistas.cef.udima.es/index.php/rtss/article/view/3196
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oai:uvadoc.uva.es:10324/658692024-02-07T20:01:17Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Redondo Cristóbal, Mercedes
586c2a503fee8ec6
600
Jimeno de la Maza, Francisco Javier
31f72dff98d274df
600
2024-02-07T07:56:37Z
2024-02-07T07:56:37Z
2019
Revista de Trabajo y Seguridad Social. CEF, junio 2019, n. 435, p. 217-245
2792-8314
https://uvadoc.uva.es/handle/10324/65869
https://doi.org/10.51302/rtss.2019.1302
217
435
245
Revista de Trabajo y Seguridad Social. CEF
Producción Científica
Durante los últimos tiempos, en la literatura empírica encuadrada en las áreas disciplinares relacionadas con los recursos humanos se ha mostrado una creciente atención hacia el tema de la influencia de la diversidad que exhiben los equipos de trabajo, llegándose a evidencias no concluyentes en las que se observan efectos de signo contrario, tanto positivos como negativos, o que incluso parecen apuntar a la inexistencia de impacto alguno que se deba a esta circunstancia. Como extensión a las aportaciones que nos preceden, en el presente trabajo se sitúa el foco en el alcance de las repercusiones de la diversidad a nivel de la organización en su conjunto, partiendo de una revisión de algunos de los argumentos explicativos de más amplia aceptación que permiten fundamentar la hipótesis que presupone una vinculación entre composición diversa de un grupo y su desempeño, con particular énfasis en los planteamientos de la demografía organizacional y relacional, en combinación con los enfoques de procesamiento de información. A tal fin, se efectúa un estudio empírico, mediante la aplicación de técnicas estadísticas, en el que se analiza la influencia de la diversidad demográfica y funcional de los recursos humanos sobre variables representativas del desempeño o del logro de éxito financiero en empresas españolas. Los datos utilizados corresponden a una amplia muestra de firmas y abarcan el periodo comprendido entre los años 2008-2016, etapa de particular interés por la problemática derivada de las tensiones macro que afectaba al tejido corporativo. Los resultados obtenidos son indicativos de una significación de las variables de diversidad, en lo relativo a su influencia positiva sobre resultados empresariales y sobre el volumen de la cifra de negocios.
application/pdf
spa
Centro de Estudios Financieros
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Diversidad
Demografía organizacional
Composición equipos de trabajo
5311.04 Organización de Recursos Humanos
Estudio empírico sobre la influencia de la diversidad demográfica y funcional de los recursos humanos
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://revistas.cef.udima.es/index.php/rtss/article/view/1302
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2024-02-07 21:01:17.177
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oai:uvadoc.uva.es:10324/658702024-02-07T20:01:18Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Jimeno de la Maza, Francisco Javier
31f72dff98d274df
600
Redondo Cristóbal, Mercedes
586c2a503fee8ec6
600
2024-02-07T08:03:27Z
2024-02-07T08:03:27Z
2008
Revista de Trabajo y Seguridad Social. CEF, mayo 2008, n. 302, p. 209-254
2792-8314
https://uvadoc.uva.es/handle/10324/65870
https://doi.org/10.51302/rtss.2008.5605
209
302
254
Revista de Trabajo y Seguridad Social
Producción Científica
El incremento de la heterogeneidad de los recursos humanos, característico de muchas organizaciones en la actualidad, ha suscitado un creciente interés, tanto en el ámbito de la investigación como en el de la práctica empresarial, por las cuestiones relativas a la gestión de la diversidad. Bajo la hipótesis de que la diversidad enriquece más el potencial de los recursos que la uniformidad, contribuciones recientes subrayan el hecho de que las prácticas de atención a la diversidad permiten a las organizaciones atraer y retener el capital humano, aludiendo a los beneficios que suponen las diferencias entre empleados como fuente de ventaja competitiva para la empresa. Si la motivación primaria para una eficaz gestión de la diversidad convencionalmente podía responder originariamente a principios de igualdad de trato y de no discriminación, ya que no resultan aceptables hoy en día situaciones de desigualdad en el entorno laboral, desde la perspectiva de la consecución de los objetivos de la organización se presenta como una cuestión de eficiencia, esto es, relacionada con la productividad de los recursos humanos, o derivada de los vínculos que puedan establecerse entre diversidad y rentabilidad empresarial. De esta forma, centrándose en la desigualdad vertical como uno de los mayores retos a los que se enfrenta la gestión de la diversidad, el estudio realizado en el presente trabajo se centra en la diversidad de género, analizando la representación femenina en cargos directivos en las principales empresas españolas. Adicionalmente, se considera la influencia sobre el grado de desigualdad existente que tienen variables como el sector de actividad principal en que opera la entidad, las dimensiones empresariales, el contenido funcional del puesto o el nivel jerárquico del cargo directivo.
application/pdf
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Centro de Estudios Financieros
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Diversidad de género
Puestos directivos
Segregación profesional vertical
5311.04 Organización de Recursos Humanos
La diversidad de género en puestos de responsabilidad de las empresas
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://revistas.cef.udima.es/index.php/rtss/article/view/5605
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oai:uvadoc.uva.es:10324/658722024-02-07T20:01:20Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Redondo Cristóbal, Mercedes
586c2a503fee8ec6
600
Jimeno de la Maza, Francisco Javier
31f72dff98d274df
600
2024-02-07T08:15:53Z
2024-02-07T08:15:53Z
2018
Revista de contabilidad y tributación. CEF, febrero 2018, n. 419, p. 167-200
2695-6896
https://uvadoc.uva.es/handle/10324/65872
https://doi.org/10.51302/rcyt.2018.4145
167
419
200
Revista de contabilidad y tributación
Producción Científica
Desde el prisma de su consideración como uno de los aspectos que afectan al buen gobierno de la firma, la diversidad de género en el consejo de administración se ha convertido en un tema de notable interés para distintas áreas de la investigación empresarial, particularmente en lo referido a las a menudo sugeridas vinculaciones que pueda mantener con el éxito financiero de la entidad. A este respecto, las evidencias empíricas previas ofrecen resultados ambiguos, encontrándose efectos sobre el rendimiento de signo tanto positivo como negativo, adicionalmente a estudios que no aprecian impacto significativo alguno. A fin de extender las aportaciones que nos preceden, y con un soporte explicativo fundamentado en varios de los planteamientos habituales en el campo del gobierno corporativo, en el presente trabajo se contrasta la hipótesis de que la relación entre el nivel de diversidad de género del consejo y la rentabilidad de la firma siga una forma funcional no lineal. El análisis empírico realizado se basa en una batería de ratios contables calculados para el periodo 2009-2012, sobre la base de una muestra de más de 7.200 sociedades anónimas españolas. Los resultados obtenidos permiten sustentar el adecuado encaje de la aproximación curvilínea, que ha de interpretarse en el sentido de asociar expectativas más favorables a los consejos moderadamente heterogéneos.
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Centro de Estudios Financieros
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Consejo de administración
Diversidad de género
Rentabilidad
Relación curvilínea
5311.04 Organización de Recursos Humanos
Análisis de la suposición de no linealidad en la relación entre la diversidad de género en el consejo de administración y la rentabilidad de la firma
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://revistas.cef.udima.es/index.php/RCyT/article/view/4145
SI
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oai:uvadoc.uva.es:10324/658742024-02-07T20:01:21Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Redondo Cristóbal, Mercedes
586c2a503fee8ec6
600
Jimeno de la Maza, Francisco Javier
31f72dff98d274df
600
2024-02-07T08:36:55Z
2024-02-07T08:36:55Z
2016
Ciencias Administrativas : Teoría y Praxis, julio-diciembre 2016, vol. 12, n. 2, p. 284-307
2683-1457
https://uvadoc.uva.es/handle/10324/65874
284
2
307
Ciencias Administrativas : Teoría y Praxis
12
Producción Científica
Basándonos en la premisa de la inclinación de las empresas familiares hacia el objetivo de la preservación del negocio, en el presente trabajo se analiza empíricamente, a partir de una muestra que comprende cerca de mil firmas familiares españolas, si la composición demográfica por género del consejo de administración afecta a las decisiones de estructura financiera corporativa. De acuerdo a la aproximación teórica a la que se ha recurrido, y conforme a las evidencias encontradas por la literatura previa, nuestras expectativas apuntan a que una mayor participación de mujeres en el consejo se ha de corresponder con una propensión de la firma hacia estrategias de mantenimiento de solvencia, en detrimento del endeudamiento. Los resultados obtenidos con el análisis efectuado verifican la hipótesis de que una mayor proporción de consejeras se asocia con un mayor conservadurismo financiero y con menor preferencia por el riesgo.
application/pdf
spa
Academia de Ciencias Administrativas
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Empresa familiar
Diversidad
Género
Riesgo
5311 Organización y Dirección de Empresas
Composición por género del consejo de administración de empresas familiares españolas e influencia en las preferencias por el riesgo de la firma
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://cienciasadmvastyp.uat.edu.mx/index.php/ACACIA/article/view/85
SI
THUMBNAIL
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oai:uvadoc.uva.es:10324/658882024-02-07T20:01:22Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Jimeno de la Maza, Francisco Javier
31f72dff98d274df
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Redondo Cristóbal, Mercedes
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2024-02-07T11:37:26Z
2024-02-07T11:37:26Z
2004
Revista de investigación económica y social de Castilla y León, 2004, n. 7, p. 9-112.
1575-5835
https://uvadoc.uva.es/handle/10324/65888
9
7
112
Revista de investigación económica y social de Castilla y León
Producción Científica
Durante las últimas décadas, en la mayoría de los países europeos se ha aceptado ampliamente que el estado asumiese plena responsabilidad en materia de bienestar, incluyendo los servicios sociales personales, así como, en el marco de este ámbito, el sector público se ha venido a hacer cargo de la prestación de cuidados de larga duración para personas mayores. El término "cuidados de larga duración" hace referencia a una extensa gama de servicios de apoyo médico, personal y social que precisan aquellas personas que no pueden valerse por sí mismas para afrontar las actividades básicas de la vida diaria de forma permanente en el tiempo y que pueden llegar a precisar que la provisión de servicios necesarios para mantener su calidad de vida se realice en el espacio de una institución residencial. Sin embargo, el coste de los cuidados que proporcionan los sistemas de servicios sociales está incrementándose aceleradamente en los países desarrollados, como resultado de determinados factores relacionados con el aumento de necesidades y demandas, tales como el envejecimiento de la población o la longevidad. Adicionalmente, otro elemento fundamental es la disminución de las posibilidades del apoyo informal provisto por las familias, que cuenta con un importante papel en la cobertura de este tipo de necesidades de cuidados. En este marco, este artículo explora algunas de las tendencias actuales en la prestación mixta, pública y privada, de servicios del bienestar y, desde la perspectiva económica, intenta una aproximación al perfil económico y financiero de estos servicios de atención en el contexto actual. De esta manera, la primera parte resume el estado actual de la cuestión y efectúa un recorrido por los aspectos demográficos que afectan al tema objeto de estudio, analizando las características básicas de actuación de los diferentes agentes, que, perteneciendo a distintos sectores institucionales, configuran la oferta de recursos de atención en los sistemas de bienestar. Un argumento básico a considerar es que, en España, las competencias básicas de regulación e implementación de política social en materia de servicios sociales se encuentran descentralizadas territorialmente a escala regional en sistemas autonómicos de acción social. Asimismo, una de las características de estos sistemas mixtos es que empresas, sector público y organizaciones privadas no lucrativas actúan como proveedores de cuidados de larga duración para las personas mayores. A continuación, se muestran los resultados de una aplicación empírica concreta, utilizando a tal fin la metodología que proporciona el análisis económico y financiero basado en la técnica de los ratios, partiendo para ello de una muestra de datos comprendidos en el período 2000-2002, obtenida a partir de la información contable de entidades que contaban con un centro residencial y operan en el ámbito de la Comunidad de Castilla y León. Finalmente, se concluye con algunas propuestas de desarrollo futuro.
Junta de Castilla y León, convocatoria EYE/1809/2003 cofinanciada con FEDER, ref. E-18
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Consejo Económico y Social de Castilla y León
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http://creativecommons.org/licenses/by-nc-nd/4.0/
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Cuidados de larga duración
Oferta mixta del bienestar
Análisis económico-financiero
6307.05 Servicios Sociales
Perfil económico y financiero de los cuidados de larga duración. Análisis de la situación en Castilla y León
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2024-02-07 21:01:22.317
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oai:uvadoc.uva.es:10324/659602024-02-08T20:01:05Zcom_10324_1147com_10324_931com_10324_894col_10324_1266
Jimeno de la Maza, Francisco Javier
31f72dff98d274df
600
Redondo Cristóbal, Mercedes
586c2a503fee8ec6
600
2024-02-08T08:20:00Z
2024-02-08T08:20:00Z
2006
Estudios financieros. Revista de trabajo y seguridad social. Comentarios, casos prácticos, mayo 2006, n.278, p. 235-264.
Estudios financieros. Revista de trabajo y seguridad social. Comentarios, casos prácticos, mayo 2006, n. 278, p. 235-264.
1138-9532
https://uvadoc.uva.es/handle/10324/65960
235
278
264
Estudios financieros. Revista de trabajo y seguridad social. Comentarios, casos prácticos
Producción Científica
Una de las manifestaciones destacadas de las transformaciones sociales
que se han producido en las sociedades desarrolladas en las últimas décadas
ha sido la masiva incorporación femenina al trabajo remunerado.
Sin embargo, en contraste con los niveles de cualificación alcanzados por
las mujeres, todavía es escasa su presencia en los niveles superiores de
responsabilidad y administración de las empresas. En consecuencia, se
ha suscitado un cierto debate social en el cual puede apreciarse una tendencia
que aboga decididamente por promover un mayor equilibrio en
la balanza de poder empresarial mediante la imposición de sistemas de
cuotas. Asimismo, el anuncio de reformas en la normativa laboral y social,
cuya primordial y declarada intención reside en implantar medidas
dirigidas al fomento de igualdad de oportunidades entre varones y mujeres
en el ámbito corporativo, va a proyectar la perspectiva de género
hacia un primer plano en muchas de las funciones asociadas a la gestión
de recursos humanos.
A raíz de planteamientos basados en un modelo de empresa abierta a su
entorno, como el de la responsabilidad social corporativa, el presente
trabajo pretende documentar el estado actual de la cuestión del progreso
profesional de las mujeres y los límites que se encuentran en su acceso a
los niveles directivos superiores de las organizaciones y a cargos en las
cúpulas empresariales. A tal fin, la existencia de desequilibrios en el ámbito
de decisión superior se intenta relacionar con variables de la estructura
institucional de las empresas o con factores vinculados a las políticas
de recursos humanos que implantan las organizaciones. Particularmente,
un bloque importante del trabajo se enfoca hacia el estudio de la participación
de las mujeres en el gobierno de las sociedades, siguiendo la
línea de los trabajos previos más recientes que también se dirigen hacia
ese estrato del poder corporativo.
application/pdf
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Centro de Estudios Financieros
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Promoción profesional
Mujeres
Empresas
6309.09 Posición Social de la Mujer
5311 Organización y Dirección de Empresas
La promoción profesional en la empresa desde la perspectiva de género
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://revistas.cef.udima.es/index.php/rtss/issue/view/597
SI
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UVaDOC
repositorio@uva.es
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IApwb3IgaW5jdW1wbGltaWVudG8gZGUgY3VhbHF1aWVyYSBkZSBsYXMgb2JsaWdhY2lvbmVzIGRlcml2YWRhcyBkZWwgQWN1ZXJkbywgcG9yIHZvbHVudGFkIGV4cHJlc2EgZGVsIEF1dG9yCkVuICBwcnVlYmEgZGUgY29uZm9ybWlkYWQsIGxhcyBwYXJ0ZXMgYWNlcHRhbiBlbCBwcmVzZW50ZSBBY3VlcmRvCgoKCgo=