Accounting and the European single currency

This paper considers some accounting problems in the period leading up to the introduction of the European single currency, the euro. Taking into account two different scenarios regarding the economic and monetary union (EMU) from its first stage, different aspects concerning the area of accounting have been revised. These include exchange differences, financial states comparison, financial states conversion, increase in capital, discriminatory treatment of active and passive monetary and nonmonetary assets, accounting records, annual accounts or rounding. This paper will point out some of the problematic areas that may arise from the introduction of the euro. Although several aspects have been taken into account, as the EMU approaches, many other issues will need to be discussed.     

Supply chain management: A multidisciplinary content analysis of vertical relations between companies, 1997-2006

The aim of this work is to contribute to a better understanding of the research conducted on supply chain management (SCM) at a multidisciplinary level. To this end, a content analysis was performed of the most significant scientific literature about marketing, logistics, management and marketing channels published over the period 1997-2006. As a result, a database of 414 papers from 14 journals was created. Analysis of these works reveals the level of development of the main lines of research into SCM and makes it possible to detect the topics that require greater attention and which may be the object of future studies conducted by researchers and academics. It also allows managerial staff to identify the methodologies and tools that can be used to improve the management of relationships within the supply chain. One of the main conclusions reached in the study is the shortage of studies conducted on the supply chain as a network of enterprises, since most research focuses on a single enterprise or, at the most, on its relationships with its suppliers or direct customers.     

Loss of water availability and stream biodiversity under land abandonment and climate change in a Mediterranean catchment (Olzinelles,NE Spain)

In the north rim of the Mediterranean region, where forest cover is increasing as a result of land abandonment and temperatures are rising as a result of climate change, there is increasing interest for the effects of such changes on the runoff of water courses. This is a paramount issue for the conservation of many freshwater habitats and species. In this work we studied the effects of both an increase in forest cover after depopulation and land abandonment and an increase in temperature on the runoff of a Mediterranean catchment and on the aquatic and semi-aquatic fauna species of the stream (Olzinelles valley, NE Spain). Although in our simulation no decreasing trend in runoff is detected, the monthly runoff-rainfall ratio is now 15% lower than 30 years ago, a fact that may be attributed to a drier period rather than to the small afforestation experienced by the catchment in the last decades. Other factors such as increasing temperatures, changing rainfall patterns and increasing canopy cover are discussed. The observed decrease in the water flow has caused the disappearance of white-clawed crayfish (Austropotamobius pallipes), Mediterranean barbel (Barbus meridionalis), chub (Squalius cephalus), European eel (Anguilla anguilla), and southern water vole (Arvicola sapidus). Our results suggest that in a progressively warmer climate, and especially after land abandonment processes, management of Mediterranean mountain areas should be oriented towards an appropriate distribution of agrarian and forest land-covers in terms of water availability. Down to the stream scale, the pools that keep water throughout the year should be conserved and extended to enhance its potential to maintain aquatic and semi-aquatic species populations.     

Working hours in the European periphery: The length of the working day in Spain, 1885-1920

This paper studies the decline of the working day in Spain from 1885 to 1920. The decline was more continuous than previously thought. Differences in hours reinforce wage differentials, showing labor markets were not well integrated. Cross-sectional and time-series analysis suggests that hour reductions reflect a labor supply rather than a labor demand effect. Given the comparatively slow growth of real wages in Spain from 1870 to 1920, the Spanish case shows that international convergence in hours of work must have been stronger than convergence in wages.     

Managerial incentives for attracting attention

This paper studies the mechanisms which motivate managers to engage in cheap talk and attract the market's attention in a credible way. We consider stock split announcements, voluntary earnings forecasts, and press releases issued by firms to the media as proxies for managerial cheap talk. We show that: (a) managerial performance‐related pay contracts incentivize executives to attract attention; (b) analysts increase their coverage of firms following cheap talk; and (c) chief executive officers are punished for attracting attention when market prices do not increase following cheap talk. The results are stronger for firms which are most in need of attention.     

Cambio tecnológico y empleo en el Brasil,Colombia y México: ¿Qué trabajadores son los más afectados?

A partir de un enfoque basado en tareas se analizan los patrones de empleo ocupacionales y de calificación en los mercados laborales urbanos del Brasil, Colombia y México entre 2002 y 2015. Se observa una fuerte disminución del empleo en ocupaciones de calificación media y un ligero aumento en las de baja y alta calificación. Según una descomposición shift-share, la disminución se explica por cambios intrasectoriales (hipótesis de rutinización) en ciertos casos (secretarios y taquígrafos), y por cambios intersectoriales en otros (artesanos y operadores de máquinas). Los cambios tecnológicos afectaron negativamente a las mujeres y beneficiaron a los jóvenes y a los más calificados.     

Family‐Owned Business Succession: The Influence of Pre‐performance in the Nomination of Family and Nonfamily Members: Evidence from Spanish Firms

Although family‐owned business succession has been widely researched, very few studies investigate the relationship between preperformance and succession. Drawing on the agency and the resource‐based view theories, we investigate how previous firm performance may influence the nomination of a family or a nonfamily member to top senior positions. We argue that positive firm performance will lead to the nomination of a family member, while negative firm performance leads to nonfamily nominations. Using a stepwise logistic regression with a bootstrap procedure on a sample of nonfinancial firm listed in the Spanish Stock Exchange, the results indicate that performance prior to succession does not affect these nominations, while directive experience does.     

Why is there a Separation between Distance Selling in EU Law and the Tourism Industry?

Twelve years have passed since the partial exclusion of most tourist services from the Distance Selling Directive (art. 3 para. 2). The application of a particular right of withdrawal to contracts negotiated away from business premises for the provision of these services was considered inappropriate. Out of this consumer protection will be rather weaker than in other distance contracts. Additional information cannot be required from the service provider and rash decisions resulting from an informational disadvantage, i.e., a lack of personal contact, cannot be rectified by terminating the contract. These difficulties can only be partially resolved by referring to other regulations, such as national norms implementing the E-Commerce Directive (arts. 5 to 11) or the new Timeshare Directive (arts. 4 and 5), among others. Recently, the proposal for a Directive on consumer rights of 8 October 2008 maintains the same approach (art. 20 para. 3, art. 3 para 3) and the Draft Common Frame of Reference also coincides to some extent with the exclusion of some tourist services from distance selling protection. The aim of this paper is to review this exclusion by means of examining the dynamics of tourism services.     

Examining the impact of managerial involvement with social media on exporting firm performance

The growth of social media presents international businesses and marketers with unprecedented risks and challenges. Marketers are becoming aware of the threat of losing control over their message and are also beginning to realize the potential of social media as a marketing tool. Based on export managers’ beliefs about social media use outcomes, as well as their attitudes, intention to use, and actual use of these applications of Web 2.0, three groups of Spanish exporters are identified according their managerial involvement with social media tools: ‘potential in SM’, ‘initiated in SM’, and ‘expert in SM’. Considering other firm characteristics and type of sector, these three clusters of exporting firms are fully characterized and their relationship with firm performance is determined. From these results, relevant implications emerge for academic researchers, entrepreneur-managers and policy-makers.