Pub Date : 2018-06-06DOI: 10.3232/UBR.2018.V15.N2.02
Montserrat Crespí Vallbona, Oscar Mascarilla-Miró
Different variables are involved in job satisfaction. Based on a survey of 4207 IT professionals, this paper pays attention to the importance of job position, teamwork atmosphere, leadership, recognition and compensation, physical labor conditions and personal labor conditions as key aspects of employees' well-being. The results show that job position content is the first aspect that employees base their satisfaction rank on. Physical labor conditions and leadership are the least significant variables.
{"title":"SATISFACCIÓN LABORAL. EL CASO DE LOS EMPLEADOS DEL SECTOR DE LAS TECNOLOGÍAS DE LA INFORMACIÓN EN ESPAÑA","authors":"Montserrat Crespí Vallbona, Oscar Mascarilla-Miró","doi":"10.3232/UBR.2018.V15.N2.02","DOIUrl":"https://doi.org/10.3232/UBR.2018.V15.N2.02","url":null,"abstract":"Different variables are involved in job satisfaction. Based on a survey of 4207 IT professionals, this paper pays attention to the importance of job position, teamwork atmosphere, leadership, recognition and compensation, physical labor conditions and personal labor conditions as key aspects of employees' well-being. The results show that job position content is the first aspect that employees base their satisfaction rank on. Physical labor conditions and leadership are the least significant variables.","PeriodicalId":40416,"journal":{"name":"UCJC Business and Society Review","volume":"1 1","pages":"36-51"},"PeriodicalIF":0.3,"publicationDate":"2018-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41380862","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 : 2018-06-06DOI: 10.3232/UBR.2018.V15.N2.01
F. L. Iturriaga, Nuria Reguera Alvarado, César Zarza Herranz
We analyze some personal characteristics of the members of the audit committee of the Spanish listed firms and the relation between these characteristics and earnings management. We find a non-linear relation with tenure, so that long tenures can initially compromise the directors’ independence but, after a given threshold, longer tenures improve the expertise of the members. Serving in too many boards has a negative influence on the ability of directors to detect earnings management, and higher academic background and more diverse professional background improve the directors’ abilities.
{"title":"THE RIGHT PERSON AT THE RIGHT TIME: AUDIT COMMITTEE MEMBERS AND THE QUALITY OF FINANCIAL INFORMATION","authors":"F. L. Iturriaga, Nuria Reguera Alvarado, César Zarza Herranz","doi":"10.3232/UBR.2018.V15.N2.01","DOIUrl":"https://doi.org/10.3232/UBR.2018.V15.N2.01","url":null,"abstract":"We analyze some personal characteristics of the members of the audit committee of the Spanish listed firms and the relation between these characteristics and earnings management. We find a non-linear relation with tenure, so that long tenures can initially compromise the directors’ independence but, after a given threshold, longer tenures improve the expertise of the members. Serving in too many boards has a negative influence on the ability of directors to detect earnings management, and higher academic background and more diverse professional background improve the directors’ abilities.","PeriodicalId":40416,"journal":{"name":"UCJC Business and Society Review","volume":"1 1","pages":"18-35"},"PeriodicalIF":0.3,"publicationDate":"2018-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49224666","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 : 2018-06-06DOI: 10.3232/UBR.2018.V15.N2.03
F. Ferreiro-Seoane, C. G. Arias
Many national and international rankings select a subset of companies within a country or a set of worldwide international companies as the best to work for. Despite this homogenization, the scores they are assigned by these indexes and from which their positions in the rankings are established, are not equal. In this investigation, we try to establish whether the differences among the punctuations of the best companies to work for in Spain could be explained by certain contextual factors. An econometric model has been estimated in order to ascertain whether the nationality/economic-cultural area of origin, the autonomous community where the headquarters are based (for both factors, either through mechanisms of standardization or through local adjustment), the company size (either through structural flexibility or resources availability), stock exchange listing (through constraints forced on companies by both the property structure and the time-horizons derived from being listed), and the industry can all explain those differences. Results show that companies scores (1) tend to increase as a function of size and of stock exchange listing, (2) vary across autonomous communities, and (3) do not differ neither across nation/economic-cultural areas of incorporation nor across different sector of activity.
{"title":"¿CUESTIÓN DE GRADO? POR QUÉ ALGUNAS DE LAS MEJORES EMPRESAS PARA TRABAJAR EN ESPAÑA SON MEJORES QUE OTRAS","authors":"F. Ferreiro-Seoane, C. G. Arias","doi":"10.3232/UBR.2018.V15.N2.03","DOIUrl":"https://doi.org/10.3232/UBR.2018.V15.N2.03","url":null,"abstract":"Many national and international rankings select a subset of companies within a country or a set of worldwide international companies as the best to work for. Despite this homogenization, the scores they are assigned by these indexes and from which their positions in the rankings are established, are not equal. In this investigation, we try to establish whether the differences among the punctuations of the best companies to work for in Spain could be explained by certain contextual factors. An econometric model has been estimated in order to ascertain whether the nationality/economic-cultural area of origin, the autonomous community where the headquarters are based (for both factors, either through mechanisms of standardization or through local adjustment), the company size (either through structural flexibility or resources availability), stock exchange listing (through constraints forced on companies by both the property structure and the time-horizons derived from being listed), and the industry can all explain those differences. Results show that companies scores (1) tend to increase as a function of size and of stock exchange listing, (2) vary across autonomous communities, and (3) do not differ neither across nation/economic-cultural areas of incorporation nor across different sector of activity.","PeriodicalId":40416,"journal":{"name":"UCJC Business and Society Review","volume":"1 1","pages":"52-90"},"PeriodicalIF":0.3,"publicationDate":"2018-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45593184","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 : 2018-02-25DOI: 10.3232/UBR.2018.V15.N1.01
P. Alonso, Íñigo Rodríguez, M. E. R. Merino, Marcos Santamaría-Mariscal
This study examines the politicization and financial knowledge-experience of the boards of directors of Spanish savings banks. To do this, we build a database with the biographic information of directors during the period 2004-2010. The results of the cluster analysis show the existence of four types of boards, depending on the politicization and the financial expertise of its members. Furthermore, we find that savings banks with higher financial expertise in their boards have higher levels of financial solvency.
{"title":"POLITIZACIÓN Y PERICIA FINANCIERA EN LAS CAJAS DE AHORROS ESPAÑOLAS. PATRONES EN LA CONFIGURACIÓN DE SUS CONSEJOS","authors":"P. Alonso, Íñigo Rodríguez, M. E. R. Merino, Marcos Santamaría-Mariscal","doi":"10.3232/UBR.2018.V15.N1.01","DOIUrl":"https://doi.org/10.3232/UBR.2018.V15.N1.01","url":null,"abstract":"This study examines the politicization and financial knowledge-experience of the boards of directors of Spanish savings banks. To do this, we build a database with the biographic information of directors during the period 2004-2010. The results of the cluster analysis show the existence of four types of boards, depending on the politicization and the financial expertise of its members. Furthermore, we find that savings banks with higher financial expertise in their boards have higher levels of financial solvency.","PeriodicalId":40416,"journal":{"name":"UCJC Business and Society Review","volume":"1 1","pages":"18-55"},"PeriodicalIF":0.3,"publicationDate":"2018-02-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43644430","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 : 2018-02-25DOI: 10.3232/UBR.2018.V15.N1.04
Ana Mol-Gómez-Vázquez, G. H. Cánovas, Camino Ramon-Llorens
This paper analyzes the factors explaining borrower discouragement for a sample of SMEs operating in a bank-based economy. We find that higher informational asymmetries and loan application costs increase the likelihood of borrower discouragement for smaller firms and for firms working with less banks. We also show that firms whose managers show an attitude towards growth and business improvement are less likely to be discouraged from applying for a loan.
{"title":"El desánimo del prestatario en una economía dominada por los bancos: evidencia empírica para PYME españolas","authors":"Ana Mol-Gómez-Vázquez, G. H. Cánovas, Camino Ramon-Llorens","doi":"10.3232/UBR.2018.V15.N1.04","DOIUrl":"https://doi.org/10.3232/UBR.2018.V15.N1.04","url":null,"abstract":"This paper analyzes the factors explaining borrower discouragement for a sample of SMEs operating in a bank-based economy. We find that higher informational asymmetries and loan application costs increase the likelihood of borrower discouragement for smaller firms and for firms working with less banks. We also show that firms whose managers show an attitude towards growth and business improvement are less likely to be discouraged from applying for a loan.","PeriodicalId":40416,"journal":{"name":"UCJC Business and Society Review","volume":"1 1","pages":"144-162"},"PeriodicalIF":0.3,"publicationDate":"2018-02-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43766178","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 : 2018-02-25DOI: 10.3232/UBR.2018.V15.N1.03
Beatriz Domínguez, J. Gómez, Juan P. Maícas
The aim of this study is to analyse how the distance between countries determines host country selection. To explain foreign market entry we use two dimensions of the distance between countries: (1) geographic distance and (2) historical ties between the home and the host countries. We carry out descriptive, empirical and case study analyses in the mobile telecommunications industry to study how these two dimensions of distance determine the entrance of firms in foreign countries. Our work shows that geographic distance negatively affects the entrance of firms in host countries while historical ties between countries encourage firms to enter the host country. Moreover, historical ties positively moderate the relationship between geographic distance and market entry.
{"title":"¿CÓMO AFECTA LA DISTANCIA A LA EXPANSIÓN INTERNACIONAL DE LAS EMPRESAS? EVIDENCIA EN LA INDUSTRIA DE LAS TELECOMUNICACIONES MÓVILES","authors":"Beatriz Domínguez, J. Gómez, Juan P. Maícas","doi":"10.3232/UBR.2018.V15.N1.03","DOIUrl":"https://doi.org/10.3232/UBR.2018.V15.N1.03","url":null,"abstract":"The aim of this study is to analyse how the distance between countries determines host country selection. To explain foreign market entry we use two dimensions of the distance between countries: (1) geographic distance and (2) historical ties between the home and the host countries. We carry out descriptive, empirical and case study analyses in the mobile telecommunications industry to study how these two dimensions of distance determine the entrance of firms in foreign countries. Our work shows that geographic distance negatively affects the entrance of firms in host countries while historical ties between countries encourage firms to enter the host country. Moreover, historical ties positively moderate the relationship between geographic distance and market entry.","PeriodicalId":40416,"journal":{"name":"UCJC Business and Society Review","volume":"1 1","pages":"92-143"},"PeriodicalIF":0.3,"publicationDate":"2018-02-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42539667","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 : 2017-12-10DOI: 10.3232/UBR.2017.V14.N4.02
Andrés Salas-Vallina, Joaquín Alegre
The purpose of this paper is to examine how the variables of age, gender, job level and job security affect engagement in a knowledge intensive context. Literature shows a lack of research on how these variables facilitate engagement, and our aim is to provide further evidence on this issue. Using a sample of 167 Spanish public physicians, this found that age does not affect engagement, while gender, job level and job security should be considered as demographic engagement determinants.
{"title":"EL PAPEL DEL GÉNERO, LA EDAD, EL NIVEL LABORAL Y LA SEGURIDAD LABORAL EN EL COMPROMISO DE LOS MÉDICOS ESPAÑOLES DE HOSPITALES PÚBLICOS","authors":"Andrés Salas-Vallina, Joaquín Alegre","doi":"10.3232/UBR.2017.V14.N4.02","DOIUrl":"https://doi.org/10.3232/UBR.2017.V14.N4.02","url":null,"abstract":"The purpose of this paper is to examine how the variables of age, gender, job level and job security affect engagement in a knowledge intensive context. Literature shows a lack of research on how these variables facilitate engagement, and our aim is to provide further evidence on this issue. Using a sample of 167 Spanish public physicians, this found that age does not affect engagement, while gender, job level and job security should be considered as demographic engagement determinants.","PeriodicalId":40416,"journal":{"name":"UCJC Business and Society Review","volume":"1 1","pages":""},"PeriodicalIF":0.3,"publicationDate":"2017-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49020235","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 : 2017-12-10DOI: 10.3232/UBR.2017.V14.N4.01
Sabina Scarpellini, Pilar Portillo-Tarragona, Luz María Marín-Vinuesa, J. Moneva
This paper, which is of interest to practitioners, will analyse companies in the manufacturing sector that hold Spanish and European environmental patents, linking the registered green patents with the economic and financial characteristics of the companies. Specifically, the relationship between green patents and the collaboration of companies with research and development (R&D) centres is analysed. The results of surveying an ad-hoc database comprising 1606 Spanish companies indicate that the ways in which the companies collaborate with R&D organisations can shed light on green patent holdings in the Spanish manufacturing companies.Moreover, the authors find that financial performance, age, and size are all significant factors in the development of green patents.
{"title":"Green patents in the manufacturing sector: the influence of businesses’ resources and capabilities","authors":"Sabina Scarpellini, Pilar Portillo-Tarragona, Luz María Marín-Vinuesa, J. Moneva","doi":"10.3232/UBR.2017.V14.N4.01","DOIUrl":"https://doi.org/10.3232/UBR.2017.V14.N4.01","url":null,"abstract":"This paper, which is of interest to practitioners, will analyse companies in the manufacturing sector that hold Spanish and European environmental patents, linking the registered green patents with the economic and financial characteristics of the companies. Specifically, the relationship between green patents and the collaboration of companies with research and development (R&D) centres is analysed. The results of surveying an ad-hoc database comprising 1606 Spanish companies indicate that the ways in which the companies collaborate with R&D organisations can shed light on green patent holdings in the Spanish manufacturing companies.Moreover, the authors find that financial performance, age, and size are all significant factors in the development of green patents.","PeriodicalId":40416,"journal":{"name":"UCJC Business and Society Review","volume":"1 1","pages":"18-35"},"PeriodicalIF":0.3,"publicationDate":"2017-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43303968","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 : 2017-07-31DOI: 10.3232/UBR.2017.V14.N3.01
Elena M. Gimenez-Fernandez, Karin Beukel
This study compares the open innovation strategy between startups and incumbent firms over a period of ten years (2004-2013). Using a sample of startups and incumbent Spanish firms, we find that they differ considerably, and that this has implications for management. Incumbent firms and startups differ in terms of their use of external cooperation activities as a source of innovation. The lack of financial and human resources of startups leads them to open their borders more than incumbent firms, and startups benefit from being flexible, as they have yet to implement routines. This boosts startups’ innovation performance.
{"title":"Open innovation and the comparison between startups and incumbent firms in Spain","authors":"Elena M. Gimenez-Fernandez, Karin Beukel","doi":"10.3232/UBR.2017.V14.N3.01","DOIUrl":"https://doi.org/10.3232/UBR.2017.V14.N3.01","url":null,"abstract":"This study compares the open innovation strategy between startups and incumbent firms over a period of ten years (2004-2013). Using a sample of startups and incumbent Spanish firms, we find that they differ considerably, and that this has implications for management. Incumbent firms and startups differ in terms of their use of external cooperation activities as a source of innovation. The lack of financial and human resources of startups leads them to open their borders more than incumbent firms, and startups benefit from being flexible, as they have yet to implement routines. This boosts startups’ innovation performance.","PeriodicalId":40416,"journal":{"name":"UCJC Business and Society Review","volume":"1 1","pages":"18-33"},"PeriodicalIF":0.3,"publicationDate":"2017-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46836860","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 : 2017-07-31DOI: 10.3232/UBR.2017.V14.N3.03
J. Ruiz, Paloma Fernández Pérez
There is not enough research on the role played by finance in the expansion of industrial firms, especially in the case of small and medium-sized enterprises (SMEs), which, since the 1980s, have had to face the challenges of the internationalization spurred on by the Second Globalization. In this article, we explore the subject through the Spanish case during the period 1980-2000 and offer new information extracted from databases and a relevant case study: the financial background behind the transformation of the Grifols Group from a medium-sized business into a large global corporation. According to our research, the “pecking order” induces the increasing reliance of large firms on public funding, which means more bank credit available for the SMEs. From the study of the Grifols case we learn that to have a strong international partner eases the access to credit for the SMEs
{"title":"LA FINANCIACIÓN DE LA INTERNACIONALIZACIÓN DE LAS PYMES INDUSTRIALES ESPAÑOLAS, 1980-2000: EL CASO DEL GRUPO GRIFOLS","authors":"J. Ruiz, Paloma Fernández Pérez","doi":"10.3232/UBR.2017.V14.N3.03","DOIUrl":"https://doi.org/10.3232/UBR.2017.V14.N3.03","url":null,"abstract":"There is not enough research on the role played by finance in the expansion of industrial firms, especially in the case of small and medium-sized enterprises (SMEs), which, since the 1980s, have had to face the challenges of the internationalization spurred on by the Second Globalization. In this article, we explore the subject through the Spanish case during the period 1980-2000 and offer new information extracted from databases and a relevant case study: the financial background behind the transformation of the Grifols Group from a medium-sized business into a large global corporation. According to our research, the “pecking order” induces the increasing reliance of large firms on public funding, which means more bank credit available for the SMEs. From the study of the Grifols case we learn that to have a strong international partner eases the access to credit for the SMEs","PeriodicalId":40416,"journal":{"name":"UCJC Business and Society Review","volume":"1 1","pages":"64-79"},"PeriodicalIF":0.3,"publicationDate":"2017-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44422768","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}