Pub Date : 2021-07-07DOI: 10.1080/10978526.2021.1942026
Laís Rodrigues, M. Hemais
Abstract The purpose of this paper is to analyze, through a decolonial perspective and using a historical approach, the geopolitical and colonial elements present in the origins of the Advertising Self-Regulation System (ASRS), created by the International Chamber of Commerce (ICC), its internalization, promoted by the International Advertising Association (IAA), and its imposition in Latin America. To achieve this, the study focuses on discussing the creation of ASRS and the origins of its creator, ICC; the internalization of ASRS and the origins of its main sponsor, IAA; the influence of ASRS in the context of the Brazilian consumerist movement. Each event was studied considering the relations between the phenomena under analysis and the three colonialities theory. Therefore, each event was related to a category, which was composed of subcategories that discussed each of the three colonialities). By adopting the decolonial perspective, it was possible to better understand how the system was used geopolitically to universalize Eurocentric concepts of consumerism.
{"title":"The Colonial Side of Advertising Self-Regulation: Imperialist Consumerism in Latin America","authors":"Laís Rodrigues, M. Hemais","doi":"10.1080/10978526.2021.1942026","DOIUrl":"https://doi.org/10.1080/10978526.2021.1942026","url":null,"abstract":"Abstract The purpose of this paper is to analyze, through a decolonial perspective and using a historical approach, the geopolitical and colonial elements present in the origins of the Advertising Self-Regulation System (ASRS), created by the International Chamber of Commerce (ICC), its internalization, promoted by the International Advertising Association (IAA), and its imposition in Latin America. To achieve this, the study focuses on discussing the creation of ASRS and the origins of its creator, ICC; the internalization of ASRS and the origins of its main sponsor, IAA; the influence of ASRS in the context of the Brazilian consumerist movement. Each event was studied considering the relations between the phenomena under analysis and the three colonialities theory. Therefore, each event was related to a category, which was composed of subcategories that discussed each of the three colonialities). By adopting the decolonial perspective, it was possible to better understand how the system was used geopolitically to universalize Eurocentric concepts of consumerism.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2021.1942026","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46744886","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-07-02DOI: 10.1080/10978526.2021.1942025
Gustavo Pereira, Jéfferson A. Colombo, O. Figueiredo
Abstract The 2018 Brazilian presidential elections coupled unprecedented political instability with a close race between two candidates with antagonistic economic agendas. Using this unparalleled scenario, this paper analyzes the role of political events in shaping the returns on financial assets. The regressions using the Propensity Score Matching technique suggest that companies linked to the government had positive cumulative abnormal returns around relevant events compared with otherwise identical firms. These results reinforce the role of political risk on financial markets in emerging economies and allow economic agents to outline strategies to predict stock return behavior during periods of political turmoil.
{"title":"Market Reaction to Political Risk: Evidence From the 2018 Brazilian Presidential Election","authors":"Gustavo Pereira, Jéfferson A. Colombo, O. Figueiredo","doi":"10.1080/10978526.2021.1942025","DOIUrl":"https://doi.org/10.1080/10978526.2021.1942025","url":null,"abstract":"Abstract The 2018 Brazilian presidential elections coupled unprecedented political instability with a close race between two candidates with antagonistic economic agendas. Using this unparalleled scenario, this paper analyzes the role of political events in shaping the returns on financial assets. The regressions using the Propensity Score Matching technique suggest that companies linked to the government had positive cumulative abnormal returns around relevant events compared with otherwise identical firms. These results reinforce the role of political risk on financial markets in emerging economies and allow economic agents to outline strategies to predict stock return behavior during periods of political turmoil.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2021.1942025","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48521725","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-06-30DOI: 10.1080/10978526.2021.1939041
Lozada Hernández, J. Manuel
{"title":"The Stock Market Reaction to Mergers and Acquisitions: Evidence from the Banking Industry","authors":"Lozada Hernández, J. Manuel","doi":"10.1080/10978526.2021.1939041","DOIUrl":"https://doi.org/10.1080/10978526.2021.1939041","url":null,"abstract":"","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2021.1939041","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45983784","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-06-25DOI: 10.1080/10978526.2021.1941070
Danilo Cavalcante de Vasconcelos, Fernando Luiz Emerenciano Viana, André Lunardi de Souza
Abstract In this paper, we evaluate how the categories and practices of sustainable supply chain management influence the principles of circular economy, through a case study in a fresh fruit supply chain whose production side is in Brazil and demand side is in the United Kingdom. We build an integrative model that relates these constructs to the reduction of loss and waste in food supply chains. The results show that the fresh fruit supply chain is oriented towards sustainability, based on pressures from stakeholders. Therefore, it is market-driven, which may explain the imperfect fit to the proposed model.
{"title":"Circular Economy and Sustainability in the Fresh Fruit Supply Chain: A Study across Brazil and the UK","authors":"Danilo Cavalcante de Vasconcelos, Fernando Luiz Emerenciano Viana, André Lunardi de Souza","doi":"10.1080/10978526.2021.1941070","DOIUrl":"https://doi.org/10.1080/10978526.2021.1941070","url":null,"abstract":"Abstract In this paper, we evaluate how the categories and practices of sustainable supply chain management influence the principles of circular economy, through a case study in a fresh fruit supply chain whose production side is in Brazil and demand side is in the United Kingdom. We build an integrative model that relates these constructs to the reduction of loss and waste in food supply chains. The results show that the fresh fruit supply chain is oriented towards sustainability, based on pressures from stakeholders. Therefore, it is market-driven, which may explain the imperfect fit to the proposed model.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2021.1941070","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47242395","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-06-03DOI: 10.1080/10978526.2021.1932518
J. Godinez, Rodrigo Bandeira de Mello, Luis Javier Sanchez-Barrios, M. Khalik
Abstract We analyze how the choice of firm ownership structure mitigates the effect of high dependence on a corrupt host government when investing abroad. We draw on a unique dataset of subsidiary-level engagement in corruption of 175 foreign subsidiaries entering three Central American countries. We found that there are two mechanisms to mitigate corrupt behavior when a subsidiary is dependent on a corrupt host government: internal legitimacy that accrues to wholly-owned subsidiaries, and external legitimacy built through a strong regional presence. The effect of dependency on a corrupt host government can be mitigated by enacting internal and external legitimacies.
{"title":"Familiarity Does Not Breed Contempt: Curbing Subsidiary Corruption Through a Legitimacy-Enhanced Ownership Structure","authors":"J. Godinez, Rodrigo Bandeira de Mello, Luis Javier Sanchez-Barrios, M. Khalik","doi":"10.1080/10978526.2021.1932518","DOIUrl":"https://doi.org/10.1080/10978526.2021.1932518","url":null,"abstract":"Abstract We analyze how the choice of firm ownership structure mitigates the effect of high dependence on a corrupt host government when investing abroad. We draw on a unique dataset of subsidiary-level engagement in corruption of 175 foreign subsidiaries entering three Central American countries. We found that there are two mechanisms to mitigate corrupt behavior when a subsidiary is dependent on a corrupt host government: internal legitimacy that accrues to wholly-owned subsidiaries, and external legitimacy built through a strong regional presence. The effect of dependency on a corrupt host government can be mitigated by enacting internal and external legitimacies.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2021.1932518","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45954687","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-06-01DOI: 10.1080/10978526.2021.1928516
M. Peixoto, Mariana Simões de Alcantara, J. Ferreira da Silva
Abstract The private on-campus higher education industry in Brazil faces numerous challenges and an increasingly competitive business scenario. Therefore, it becomes critical to verify the potential existence of strategic business groups in this industry, measure their fit to Porter’s and Mintzberg’s typologies, and assess the performance of the stuck-in-the-middle (SITM) group vis-à-vis other groups’ performances. Statistical tests using proxies based on data from the 2016 to 2020 period and associated with 21 business units distributed throughout Brazil suggest the existence of strategic groups in this industry and their fit to the typologies of the study. According to the literature, the SITM group performed below other strategic groups in general, albeit with statistically significant lower results only in comparison to the “focus on differentiation” strategic group. The research results enhance the debate about strategic groups and performance and point to existing strategic risks and opportunities for Brazilian private institutions. In addition, they provide a robust analytical model of performance in the sector for discussion and future use.
{"title":"Strategic Groups and Performance in Higher Education in Brazil","authors":"M. Peixoto, Mariana Simões de Alcantara, J. Ferreira da Silva","doi":"10.1080/10978526.2021.1928516","DOIUrl":"https://doi.org/10.1080/10978526.2021.1928516","url":null,"abstract":"Abstract The private on-campus higher education industry in Brazil faces numerous challenges and an increasingly competitive business scenario. Therefore, it becomes critical to verify the potential existence of strategic business groups in this industry, measure their fit to Porter’s and Mintzberg’s typologies, and assess the performance of the stuck-in-the-middle (SITM) group vis-à-vis other groups’ performances. Statistical tests using proxies based on data from the 2016 to 2020 period and associated with 21 business units distributed throughout Brazil suggest the existence of strategic groups in this industry and their fit to the typologies of the study. According to the literature, the SITM group performed below other strategic groups in general, albeit with statistically significant lower results only in comparison to the “focus on differentiation” strategic group. The research results enhance the debate about strategic groups and performance and point to existing strategic risks and opportunities for Brazilian private institutions. In addition, they provide a robust analytical model of performance in the sector for discussion and future use.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2021.1928516","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42175999","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-05-17DOI: 10.1080/10978526.2021.1900741
A. Minardi, A. Bortoluzzo
Abstract The fast-growing private equity (PE) and venture capital (VC) activities in emerging markets increase the ratio of a firm’s investment-to-staff, which raises the question of whether the growth in the investments’ number will negatively impact a fund’s performance. We analyzed data at the deal level in Brazil, where the industry is relatively young but has raised a significant amount of capital. The results indicate that a higher number of deals reduces the probability of total loss for both PE and VC. However, when we exclude total losses, we find that it has a negative effect on PE deals but not VC deals.
{"title":"Growth and Performance of Private Equity and Venture Capital Activity in Emerging Markets","authors":"A. Minardi, A. Bortoluzzo","doi":"10.1080/10978526.2021.1900741","DOIUrl":"https://doi.org/10.1080/10978526.2021.1900741","url":null,"abstract":"Abstract The fast-growing private equity (PE) and venture capital (VC) activities in emerging markets increase the ratio of a firm’s investment-to-staff, which raises the question of whether the growth in the investments’ number will negatively impact a fund’s performance. We analyzed data at the deal level in Brazil, where the industry is relatively young but has raised a significant amount of capital. The results indicate that a higher number of deals reduces the probability of total loss for both PE and VC. However, when we exclude total losses, we find that it has a negative effect on PE deals but not VC deals.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2021.1900741","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44780936","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-05-17DOI: 10.1080/10978526.2021.1920837
Verónica León-Bravo, Mariuxy Jaramillo-Villacrés
Abstract The aims of this study are first, to identify the drivers of and barriers to the sustainability of chocolate production in Ecuador, one of the Andean countries in Latin America. Second, the study aims to investigate how local factors determine the approach to sustainability in this context. The analysis of two exemplary cases in this industry shows that the drivers and barriers for sustainability reveal the local factors that derive two approaches to sustainability in Ecuador’s chocolate production: one that prioritizes the institutional, social, and cultural dimensions, and the other that focuses on the economic, cultural, and institutional dimensions.
{"title":"Sustainability of Chocolate Production in Ecuador: Drivers, Barriers, and Local Factors","authors":"Verónica León-Bravo, Mariuxy Jaramillo-Villacrés","doi":"10.1080/10978526.2021.1920837","DOIUrl":"https://doi.org/10.1080/10978526.2021.1920837","url":null,"abstract":"Abstract The aims of this study are first, to identify the drivers of and barriers to the sustainability of chocolate production in Ecuador, one of the Andean countries in Latin America. Second, the study aims to investigate how local factors determine the approach to sustainability in this context. The analysis of two exemplary cases in this industry shows that the drivers and barriers for sustainability reveal the local factors that derive two approaches to sustainability in Ecuador’s chocolate production: one that prioritizes the institutional, social, and cultural dimensions, and the other that focuses on the economic, cultural, and institutional dimensions.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2021.1920837","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48677194","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-04-28DOI: 10.1080/10978526.2021.1915153
M.L. Rego, H. Irigaray, Raphael Zündt von Kentzingen
Abstract The goal of this study is to understand the role of media in megaprojects, specifically, how the media impacted the Rio 2016 Olympic Games. The data was collected from four of the leading newspapers in the USA, England, and Brazil. Interviews were conducted with project team members. Twelve issues that impacted the Games were identified and analyzed according to megaproject sublime dimensions and megaproject symbolic dimensions. We concluded that the media portrayed the management of Rio 2016 in a negative light. The twelve issues were grouped into three dimensions: unpredictable risks, scope-related problems, and corruption issues. The study contributes to our understanding of megaevents and megaprojects from a different perspective.
{"title":"From Substance to Image: The Role of Media in Megaprojects Execution Arena","authors":"M.L. Rego, H. Irigaray, Raphael Zündt von Kentzingen","doi":"10.1080/10978526.2021.1915153","DOIUrl":"https://doi.org/10.1080/10978526.2021.1915153","url":null,"abstract":"Abstract The goal of this study is to understand the role of media in megaprojects, specifically, how the media impacted the Rio 2016 Olympic Games. The data was collected from four of the leading newspapers in the USA, England, and Brazil. Interviews were conducted with project team members. Twelve issues that impacted the Games were identified and analyzed according to megaproject sublime dimensions and megaproject symbolic dimensions. We concluded that the media portrayed the management of Rio 2016 in a negative light. The twelve issues were grouped into three dimensions: unpredictable risks, scope-related problems, and corruption issues. The study contributes to our understanding of megaevents and megaprojects from a different perspective.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2021.1915153","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42004858","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-04-28DOI: 10.1080/10978526.2021.1911663
Eduardo R. Díaz
Abstract This research was conducted to validate the Entrepreneurial Self-Efficacy Scale. The sample was a group of 221 Master of Business Administration students from Mexico. The data was collected via an electronic survey. The analysis was conducted through exploratory and confirmatory factor analysis. The results confirm the six-factor structure of the instrument. With the results of this study, entrepreneurship educators can develop assessment plans to help them align student learning outcomes and course contents. The limitations include the use of a purposive sample, and the focus on one aspect of entrepreneurship education and learning, self-efficacy.
{"title":"Evidence of Validity and Reliability of the Entrepreneurial Self-Efficacy Scale","authors":"Eduardo R. Díaz","doi":"10.1080/10978526.2021.1911663","DOIUrl":"https://doi.org/10.1080/10978526.2021.1911663","url":null,"abstract":"Abstract This research was conducted to validate the Entrepreneurial Self-Efficacy Scale. The sample was a group of 221 Master of Business Administration students from Mexico. The data was collected via an electronic survey. The analysis was conducted through exploratory and confirmatory factor analysis. The results confirm the six-factor structure of the instrument. With the results of this study, entrepreneurship educators can develop assessment plans to help them align student learning outcomes and course contents. The limitations include the use of a purposive sample, and the focus on one aspect of entrepreneurship education and learning, self-efficacy.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2021.1911663","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44343594","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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