Education and financial mistakes: The case of avoidable trading fees in stock markets

Portuguese Economic Journal - We study a quasi-natural experiment that altered the structure of commission fee schedules applied to retail investors in the Portuguese stock market in 2003. Using a...     

Corporate social responsibility projects: critical success factors for better performance of Brazilian companies and guidelines to qualify professionals and entrepreneurs

Corporate Social Responsibility is a reality for businesses and can be understood through the analysis of organizational actions in three areas, namely: economic, social and environmental. Its operationalization occurs through projects, and cases presented by the literature can greatly contribute to the definition of factors that lead these projects to success. Generally, professionals and entrepreneurs have good qualifications in traditional aspects of project management, but when they need to manage Corporate Social Responsibility projects doubts arise. In this context, the main objective of this study was to analyse the most impactful Critical Success Factors for Corporate Social Responsibility projects, considering Brazilian companies’ context, and to propose guidelines to better qualify new professionals and entrepreneurs in the kind of projects mentioned. Thirteen Critical Success Factors were identified in the literature and, through a survey with experienced professionals, it was possible to evidence the six most relevant for Brazilian companies’ context: ability to properly define the scope; ability to integrate the CSR project with the company's strategy; ability to identify stakeholders’ needs; ability to analyse risks; identify and involve stakeholders outside the organization; and grant financial resources to meet project needs. Using the information provided, three guidelines were proposed to better qualify professionals and entrepreneurs. This is an exploratory study that can contribute to potentialize debates on theme.

     

SPOUSES,CHILDREN, AND ENTREPRENEURSHIP

We study the relationship between family and entrepreneurship decisions. Family influences entrepreneurship decisions via two channels: (i) Spouses work more in case of business failure and (ii) children increase the cost of failure. We use administrative matched owner–employer–employee–spouse data to estimate the predictions derived from our model. We find evidence that marriage decreases entry into entrepreneurship and increases average firm size, consistent with mechanism (ii) dominating the (i). Using direct information on children, we find that more children decrease entry into entrepreneurship and increase average firm size.     

Focus on cash transfer programs: assessing the eligibility of the Bolsa Família program in Brazil

Quality & Quantity - Income transfer programs are important public policies in fighting poverty and reducing inequality. However, such a strategy is often criticised as being ineffective, as...     

Green technology co-patenting networks: international dynamics

The present study examined how the multi-country green technology co-patenting network structure evolved from 1997 to 2016. For that purpose, we used Social Network Analysis tools, which allowed us to assess the network structure from a visual and quantitative perspective. The results indicate that the network expanded as the number of participating countries and ties increased. In all periods, the network grew significantly centralized around a small group of countries, in which the U.S., Great Britain, Germany, France, and Canada had paramount weight. Emerging countries like India and China also stood out due to their growth over time, as they eventually managed to gain central positions in the network. Other developing countries remained marginal, such as Brazil.

     

Multifunctional risk in the adoption of innovative technological products

This study analyses whether the perceived risk of purchasing technological products is less influential on the process of technological adoption when this effect is moderated by the product's multifunctional category (hedonic vs. utilitarian product characteristics). Four experiments were developed according to scenarios related to the multifunctional content (level of complexity according to the product category) of the technology and the number of functionalities in the products. The perception of risk has less effect on adoption when the product characteristics are manipulated to be more utilitarian or heighten the consumer's social value. This study contributes to the theoretical understanding of which categories are less influenced by the perceived multifunctional risk of purchasing and adopting a new technology, as well as of when individual values overlap with consumers' risk perceptions. It also contributes managerially by identifying the profile of individuals who are more likely to consume innovations characterized by high complexity and functionality, and by providing guidance for the development of innovative products that prioritize utilitarian, rather than hedonic, characteristics.     

The effect of presidential election outcomes on alcohol drinking

The growing political polarization and the increasing use of social media have been linked to straining social ties worldwide. The 2016 presidential elections in the United States reflected this trend with reports of fear and anxiety among voters. We examine how election results can be linked to episodes of anxiety through the use of alcohol as self-medication. We analyze a daily dataset of household purchases of alcohol in the weeks following presidential elections. We find that, within 30 days from Election Day, a 10 percentage point increase in support for the losing candidate increases alcohol expenditure by 1.1%. The effect is driven by counties with a higher share of supporters of the losing candidate and is robust to controlling more flexibly for omitted variables related to alcohol consumption. The increase in alcohol consumption is present in the 2016 elections and absent in the previous three presidential elections.     

Contextualizing employment outcomes in family business research: current findings and future research avenues

Management Review Quarterly - The empirical evidence of family business phenomenon in terms of employment outcomes is contradictory highlighting the micro–macro gap in the existing research....     

Profitability and size of newly established firms

International Entrepreneurship and Management Journal - Does size matter for new firms and do they need to be large to be profitable? From small to large firms, a wide range of arguments have...     

Flows into tourist areas: an econometric approach

The globalisation of the tourism industry has led to a horizontal and vertical penetration of firms, leading to strong competition in all tourist centres. In light of these circumstances there is a need to develop strategies that encourage entrepreneurial actions and help firms to design the most competitive tourism offer possible. For the development of these strategies, the current work attempts to identify the degree of interrelation existing between the different tourist markets. Specifically, the study is based on an analysis of the evolution in the relations between the main tourist‐receiving centres in Spain. It identifies the short‐ and long‐term dynamic relations existing between them, and determines their degree of interdependence and any potential leadership relations between them. The methodology used is the one underlying Cointegration theory and vector autoregressive theory, together with forecast error variance decomposition and the impulse‐response function. Copyright © 2008 John Wiley & Sons, Ltd.