Effects of ownership structure and corporate and family governance on dynamic capabilities in family firms

International Entrepreneurship and Management Journal - By combining the resource-and capabilities-based view and agency theory, this paper offers a framework within which to examine the nature of...     

The role of numeracy and information load in the tourist decision-making process

The aim of the present study is to merge two strands of research that have evolved in tandem (a) the consequences of numeracy; and (b) the effect of information load on the consumer decision-making process. The study analyses the interaction effect between these two factors on decision accuracy and on a set of cognitive and affective variables of the decision-making process (namely, confusion, calibration, and emotion). We measured participants' numeracy and used an experimental design to manipulate the information load. The results showed that the effect of numeracy on decision accuracy was entirely mediated by cognitive and affective processes involved in decision-making. In particular, numeracy was found to have a negative relationship with the level of confusion, calibration, and emotions experienced during the decision-making process. The results also showed that information load interacted with numeracy, such that individuals with high numeracy maintained lower levels of emotion when placed under conditions of low information load. However, under these same conditions, individuals with low numeracy maintained positive emotions. The findings help to identify approaches that can contribute to reducing the negative effects of low numeracy among consumers, in a context where the online channel predominates (the tourism sector).     

Measuring Ethical Organizational Culture: Validation of the Spanish Version of the Shortened Corporate Ethical Virtues Model

Journal of Business Ethics - A key issue in the business ethics field is the design of effective measures for assessing the ethical culture of organizations. The Corporate Ethical Virtues Model...     

Labour Practice,Decent Work and Human Rights Performance and Reporting: The Impact of Women Managers

Journal of Business Ethics - This paper uses a sample of 1243 international firms for the period 2013–2017 to analyse the effect that a greater presence of women in management teams has on...     

Disentangling the Effects of Household Financial Constraints and Risk Profile on Mortgage Rates

In this paper we disentangle the impact of household financial constraints on mortgage rate from a number of dimensions of credit risk. This analysis relies on a dataset that contains information on the economic and financial decisions of Spanish households in four different years: 2002, 2005, 2008, and 2011. Our results suggest that banks’ profitable customers are able to bargain for lower mortgage rates. However, contrary to other studies, the risk profile does not have a significant effect on mortgage rates. Credit institutions tend to charge higher rates during the crisis to all customers, irrespective of their risk profiles.     

Early Liberal Socialism in Latin America: Juan B. Justo and the Argentine Socialist Party

Abstract . Socialism and liberalism had in the beginning, along with the defense of civil and political rights, other points in common, such as full support for the gold standard and for the free movement of people, commodities, and capital. This article studies an important protagonist in the origins of Argentine and Latin American socialism, Juan B. Justo, who was active in the International and was the author of the first Spanish translation of Capital. His thought is an interesting mixture of doctrines, where liberalism plays an outstanding role.     

Is privatization related to corruption? An empirical analysis of European countries

This study analyses the relationship between privatization and corruption in Europe over the period 1995 to 2013, taking into account the problems surrounding the issue of causality. There have been researches into the role of privatization in reducing corruption, but decisions about privatization itself are made by politicians, and so corruption could also affect decision making about privatizations. The empirical findings suggest that perceived corruption decreases as the number of privatization transactions increases, but the effect is contrary when privatizations are a more important in terms of annual revenues. Furthermore, our results indicate that overall, privatizations carried out since the early 1980s have not been effective in reducing corruption in Europe. Indeed, privatizations reforms are more carried out in the less corrupt countries.     

Relationship Quality of an Establishment and Perceived Value of a Purchase

Relationship quality is an emerging concept that attempts to measure the lifetime value of a customer. A review of the literature reveals that the indicators that determine the construct are satisfaction with the relationship, the customer's trust and the customer's level of commitment. The paper also considers how the perceived value of a purchase influences the quality of the relationship with an establishment, i.e. how a single transaction influences the valuation of a whole relationship. Gummeson [1987] considers that the quality of the relationship is the value accumulated during/throughout the relationship. This posits the existence of a causal link between perceived value and relationship quality. On the basis of an Expectancy–Value Model [Fishbein and Ajzen, 1975], and the model of Berkowitz [1993], we consider the relationships among the variables of the model. The results show that affect plays a fundamental role in long term valuation, while cognition is more influential in the short term. Another important conclusion is that the affective valuations made during the first moments have decisive consequences in the long term.