Autocratic tensions,cronyism, and the opacity of business information: party newspapers and circulation figures during the Francoist dictatorship (1939–1975)

Autocracies draw their political power from cronyism and organized repression. The opacity of business information (economic censorship) protects these regimes and their crony firms from any opposition. However, autocracies might also desire to eliminate cronyism (and therefore opacity) because it dampens economic growth. Autocracies survive through repression that engenders tensions, as evident in the Spanish newspaper industry during the Francoist dictatorship. State control over this industry was important because the press disseminated news to the public. From 1939 to 1957, the autocracy institutionalized both cronyism and the opacity of circulation figures to sustain the political powers of Franco and the single party state. Opacity concealed the economic performance of newspapers owned by sole legal party and any distribution of resources in its favor. Franco authorized voluntary disclosure of reliable circulation figures in 1964, after eliminating cronyism in favor of a freer market. Repression guaranteed support for this industry until Franco's death.     

Economic analysis of paliperidone long-acting injectable for chronic schizophrenia in Portugal

Objective: Patients with chronic schizophrenia suffer a huge burden, as do their families/caregivers. Treating schizophrenia is costly for health systems. The European Medicines Agency has approved paliperidone palmitate (PP-LAI; Xeplion), an atypical antipsychotic depot; however, its pharmacoeconomic profile in Portugal is unknown. A cost-effectiveness analysis was conducted from the viewpoint of the Portuguese National Health Service.

Methods: PP-LAI was compared with long acting injectables risperidone (RIS-LAI) and haloperidol (HAL-LAI) and oral drugs (olanzapine; oral-OLZ) adapting a 1-year decision tree to Portugal, guided by local experts. Clinical information and costs were obtained from literature sources and published lists. Outcomes included relapses (both requiring and not requiring hospitalization) and quality-adjusted life-years (QALYs). Costs were expressed in 2014 euros. Economic outcomes were incremental cost-effectiveness ratios (ICERs); including cost-utility (outcome?=?QALYs) and cost-effectiveness analyses (outcomes?=?relapse/hospitalization/emergency room (ER) visit avoided).

Results: The base-case cost of oral-OLZ was 4447€ (20% drugs/20% medical/60% hospital); HAL-LAI cost 4474€ (13% drugs/13% medical/74% hospital); PP-LAI cost 5326€ (49% drugs/12% medical/39% hospital); RIS-LAI cost 6223€ (44% drugs/12% medical/44% hospital). Respective QALYs/hospitalizations/ER visits were oral-OLZ: 0.761/0.615/0.242; HAL-LAI: 0.758/0.623/0.250; PP-LAI: 0.823/0.288/0.122; RIS-LAI: 0.799/0.394/0.168. HAL-LAI was dominated by oral-OLZ and RIS-LAI by PP-LAI for all outcomes. The ICER of PP-LAI over oral-OLZ was 14,247€/QALY, well below NICE/Portuguese thresholds (≈24,800€/30,000€/QALY). ICERs were 1973€/relapse avoided and 2697€/hospitalization avoided. Analyses were robust against most variations in input values, as PP-LAI was cost-effective over oral-OLZ in >99% of 10,000 simulations.

Conclusion: In Portugal, PP-LAI dominated HAL-LAI and RIS-LAI and was cost-effective over oral-OLZ with respect to QALYs gained, relapses avoided, and hospitalizations avoided.     

The contribution of yoga to the entrepreneurial potential of university students: a SEM approach

The literature suggests that all entrepreneurs share certain psychological and cognitive characteristics. Yoga is currently experiencing a surge in popularity due to both the physical and psychological benefits gained by yogi (practitioners of yoga). Irrespective of its more philosophical dimension, changes attributable to yoga have been identified in individuals’ psychological and behavioural patterns. It is in this context that this study analyses the characteristics associated both with entrepreneurs and yogis, seeking to specifically understand the respective personal attributes or the psychological and cognitive predispositions of both groups. The results of this study demonstrate that students who do engage in yoga show a propensity towards or strengthening of the psychological and cognitive attributes that are commonly associated with an entrepreneurial profile. Thus the study suggests that if entrepreneurial behaviour is a priority, then yoga should be integrated as a compulsory subject into general education from the primary school onwards.     

SME growth in the service sector: A taxonomy combining life-cycle and resource-based theories

The approach to the life-cycle theory has been used as an analytical tool of the firms' growth. Several researchers argue that organisations move across several development stages where different problems are found resulting from different management styles and priorities, and resources. This research aims to develop an empirical taxonomy of small medium enterprise (SME) growth in the service sector based on life-cycle and resource-based theories. The data were submitted to bivariate and multivariate analyses to develop and test an empirical life-cycle model. It was possible to conclude that the firms could be clustered in three life-cycle stages. Some implications and future researches are addressed.     

Omnichannel approach: Factors affecting consumer acceptance

Abstract

The omnichannel approach is a new commercial opportunity that aims to offer consumers a unique and satisfying experience through any touch point. This research aims to understand the factors that might lead consumers to accept and use this new approach. The conceptual model was tested empirically using primary data collected from 210 Portuguese participants. The results reported suggest that perceptions of usefulness, ease of use, and compatibility have a positive effect on brand experience, which strongly affects the behavioral intention to use. Additionally, a moderation analysis, using user status as a moderator, shows that while usefulness is important to uniquely explain use intention for low frequency, ease of use is only a good predictor of use intention for high-frequency users. This research provides useful insights for academic research by shedding light on this new phenomenon, and simultaneously for businesses by deriving some implications for defining their omnichannel strategies.     

Public Sector Managers Handling Accounting Data: A UK Framework Validated in Spain

A group of Spanish researchers wanted to understand how public sector managers were affected by the accounting systems that provide their data and how such managers used the data at a time when Government policy sought to reduce cash expenditures. The group, who interviewed the managers of seven Galician Business Schools, found that the data was not used but further explanations were difficult. It turned to an Original Framework of 8 UK Issues for public sector managers handling data (Purdy, 1993a). This paper takes the Original Framework, discusses its bases, considers areas for research then introduces the concept of a Continuum of learning related to handling data. Successive amendments to the Framework are made until an Extended Framework of 19 Spanish Issues is produced. These Frameworks are discussed with the interview material. The findings show that the Issues were generally well covered by managers and in the direction anticipated by the Extended Framework indicating some relevance to this Framework. The independently collected material had a close correspondence with the Original Framework and was sufficient for that Framework to become a general research instrument for examining the handling of data by its recipients.     

Trade Policy and Natural Resource Use: The Case for a Quantitative Restriction

This paper presents a simple way for countries to reap the benefits of trade liberalization without exacerbating problems of overexploitation of natural resources. In the context of a Ricardo–Viner dynamic trade model, it is shown that when a binding quantitative restriction regulates extraction of a natural resource, free trade is optimal. This is true even if the quantitative restriction is not optimal. In contrast, in the presence of a suboptimal tax (including a zero tax in the special case of open access) on the use of natural resources, trade liberalization is not necessarily welfare improving.     

Elicitation Format and Sensitivity to Scope

This paper undertakes a systematiccomparison of the contingent valuation (CV) andchoice experiments (CE) methods, andinvestigates the extent to which either of themare affected by insensitivity to scope. This isachieved by undertaking separate CV estimatesof willingness to pay for two nested publicgoods, both of which are explicitly included ina parallel CE survey. The results indicate thatCE values exhibit greater sensitivity to scopethan CV values. CE gives significantly largerresults than CV for the more inclusive publicgood and significantly smaller results for theless inclusive public good.     

Revisiting incubation performance: How incubator typology affects results

Relevant literature has discussed incubator versus nonincubator firm performance and the characteristics of different types of incubators. However, it has not considered assessing performance individually by archetype. We studied company performance in four archetypal incubators. Performance measures used fall into five categories drawn from literature: a) firm growth b) participation in R&D programs c) Input R&D d) Output R&D e) Employment generation cost. We find there are significant differences in three of the five performance categories among incubator types. We assess the performance of each one by determining whether the objectives for which each was created are met. Private, basic research and University archetypes meet their objectives. Regional development archetype does not.