2019. vol. 15, núm. 2Special Issue - V Workshop ACCIDhttp://hdl.handle.net/2117/1652142024-03-30T00:59:36Z2024-03-30T00:59:36ZEvolutionary positioning of outsourcing in the local public administrationLópez i Carreras, CarlosLinares Mustarós, SalvadorViñas, Josephttp://hdl.handle.net/2117/1760812020-07-22T21:58:23Z2020-01-29T13:13:39ZEvolutionary positioning of outsourcing in the local public administration
López i Carreras, Carlos; Linares Mustarós, Salvador; Viñas, Josep
Purpose: This work intends to establish a new methodology to quantitatively measure the initial position and evolution of outsourcing in a public administration. Design/methodology: Product of the generalization of a methodological tool based on the fuzzy set theory "index of maximum and minimum level," a method is designed to evaluate the evolution of the positioning of outsourcing in a public administration. Findings: The proposed model that is presented opens up the possibility to study the evolution of public administration in terms of the actions that have been taken to reach an ideal outsourcing position, which would allow managers to create points of control at various stages to ensure the success of the actions taken. Research limitations/implications: The limitations to the proposed method are directly related to the cases established in the fuzzy set theory. As an example, having to choose a specific value for the ideal values in an outsourcing strategy implies a regression to the concept of certainty. The work shows no examples of how to overcome these problems, although it does offer some ideas on how to minimize them. Practical implications: This work offers a tool to help determine the degree to which the objectives have been reached that are established within a public administration with regard to actions associated with outsourcing. Social implications: The ability to establish a distance from an ideal value means that citizens can numerically analyze whether the actions taken by the management team have improved or worsened the position of the public administration in terms of its outsourcing actions. Originality/value: The work offers two original proposals. First, it offers an expansion of an index customarily used to calculate the distance from an ideal position. Second, it offers a context in which to demonstrate the usefulness of the index.
2020-01-29T13:13:39ZLópez i Carreras, CarlosLinares Mustarós, SalvadorViñas, JosepPurpose: This work intends to establish a new methodology to quantitatively measure the initial position and evolution of outsourcing in a public administration. Design/methodology: Product of the generalization of a methodological tool based on the fuzzy set theory "index of maximum and minimum level," a method is designed to evaluate the evolution of the positioning of outsourcing in a public administration. Findings: The proposed model that is presented opens up the possibility to study the evolution of public administration in terms of the actions that have been taken to reach an ideal outsourcing position, which would allow managers to create points of control at various stages to ensure the success of the actions taken. Research limitations/implications: The limitations to the proposed method are directly related to the cases established in the fuzzy set theory. As an example, having to choose a specific value for the ideal values in an outsourcing strategy implies a regression to the concept of certainty. The work shows no examples of how to overcome these problems, although it does offer some ideas on how to minimize them. Practical implications: This work offers a tool to help determine the degree to which the objectives have been reached that are established within a public administration with regard to actions associated with outsourcing. Social implications: The ability to establish a distance from an ideal value means that citizens can numerically analyze whether the actions taken by the management team have improved or worsened the position of the public administration in terms of its outsourcing actions. Originality/value: The work offers two original proposals. First, it offers an expansion of an index customarily used to calculate the distance from an ideal position. Second, it offers a context in which to demonstrate the usefulness of the index.Corporate Social Responsibility in passenger transport companiesArimany Serrat, NúriaSabata Aliberch, Annade Uribe Gil, Clara Eugèniahttp://hdl.handle.net/2117/1760792020-07-22T21:58:23Z2020-01-29T13:03:40ZCorporate Social Responsibility in passenger transport companies
Arimany Serrat, Núria; Sabata Aliberch, Anna; de Uribe Gil, Clara Eugènia
Purpose: Analyse the financial and non-financial information (Corporate Social Responsibility) of passenger transport companies in the Barcelona metropolitan area due to the economic, environmental and social impact of this sector. Design/methodology: The study uses the analysis of financial statements and an exploratory methodology of the non-financial indicators of passenger transport companies in the Barcelona metropolitan area (Busmet), as well as a validated CSR questionnaire. Financial and non-financial indicators of these companies are used to assess the integrated information, especially Corporate Social Responsibility. Findings: The results show that transport companies have significant challenges in Corporate Social Responsibility since companies in the transport sector contribute significantly to the CO2 emissions that negatively affect the environment. Research limitations/implications: The study is focused on a small group of companies and we would like to extend it to goods and passenger transport companies with a wider and more representative sample of the population, due to the economic and social significance of the sector. Originality/value: There are few studies that refer to Corporate Social Responsibility in passenger transport companies, and it is a means of transport that has a significant economic and environmental impact on any city or metropolitan area, subject to diverse changes owing to innovation and current technological advances. The study helps to highlight the importance of the CSR of transport companies.
2020-01-29T13:03:40ZArimany Serrat, NúriaSabata Aliberch, Annade Uribe Gil, Clara EugèniaPurpose: Analyse the financial and non-financial information (Corporate Social Responsibility) of passenger transport companies in the Barcelona metropolitan area due to the economic, environmental and social impact of this sector. Design/methodology: The study uses the analysis of financial statements and an exploratory methodology of the non-financial indicators of passenger transport companies in the Barcelona metropolitan area (Busmet), as well as a validated CSR questionnaire. Financial and non-financial indicators of these companies are used to assess the integrated information, especially Corporate Social Responsibility. Findings: The results show that transport companies have significant challenges in Corporate Social Responsibility since companies in the transport sector contribute significantly to the CO2 emissions that negatively affect the environment. Research limitations/implications: The study is focused on a small group of companies and we would like to extend it to goods and passenger transport companies with a wider and more representative sample of the population, due to the economic and social significance of the sector. Originality/value: There are few studies that refer to Corporate Social Responsibility in passenger transport companies, and it is a means of transport that has a significant economic and environmental impact on any city or metropolitan area, subject to diverse changes owing to innovation and current technological advances. The study helps to highlight the importance of the CSR of transport companies.The influence of the CEO in listed family businessesSánchez Pulido, LauraGallizo, José L.Moreno Gené, Jordihttp://hdl.handle.net/2117/1760732020-07-22T21:58:23Z2020-01-29T12:48:40ZThe influence of the CEO in listed family businesses
Sánchez Pulido, Laura; Gallizo, José L.; Moreno Gené, Jordi
Purpose: Our objective is to analyze the influence that the type of CEO has on the management of listed family businesses in Spain, distinguishing between whether the CEO is a family member or not. The study mainly focuses on his/her influence on levels of profitability. Design/methodology: During de period from, 2012 to 2016, with data coming from Iberian Balance Sheet Analysis System (SABI) database. To analyze the effects of the CEOs on family businesses, we carried out two kinds of analyses. First, a univariate analysis that allowed us to identify differences regarding profitability, financial structure, growth, and dividend payout policies, and secondly, a linear regression model to see the influence—as well as the effect and significance—that variables, including the type CEO, had on profitability. Findings: Our results show the existence of a double effect on the profitability of family businesses of having an outside CEO. First, there is a statistically significant negative effect that is derived from the non-family CEOs’ increased propensity to take on debt, and secondly, there is a positive causal effect on businesses’ profitability that has to do with the different management styles that outside CEOs bring to the table, as they are more focused on profits. The results support the importance of having non-family CEOs in listed family businesses in Spain. Research limitations/implications: Our study focused on family businesses listed on the Spanish stock market, which means that the number of companies that were analyzed was reduced and the results cannot be extended to other kinds of businesses. However, this fact did enable us to get more high-quality data and focus on a specific field that was appropriate for considering the problem we proposed. Originality/value: While many studies have compared the performance of family businesses with that of non-family businesses, few have considered that family businesses are not homogeneous and that they have different management styles. And, These styles are determined by the type of CEO that is leading the company; this fact is analyzed empirically in this article.
2020-01-29T12:48:40ZSánchez Pulido, LauraGallizo, José L.Moreno Gené, JordiPurpose: Our objective is to analyze the influence that the type of CEO has on the management of listed family businesses in Spain, distinguishing between whether the CEO is a family member or not. The study mainly focuses on his/her influence on levels of profitability. Design/methodology: During de period from, 2012 to 2016, with data coming from Iberian Balance Sheet Analysis System (SABI) database. To analyze the effects of the CEOs on family businesses, we carried out two kinds of analyses. First, a univariate analysis that allowed us to identify differences regarding profitability, financial structure, growth, and dividend payout policies, and secondly, a linear regression model to see the influence—as well as the effect and significance—that variables, including the type CEO, had on profitability. Findings: Our results show the existence of a double effect on the profitability of family businesses of having an outside CEO. First, there is a statistically significant negative effect that is derived from the non-family CEOs’ increased propensity to take on debt, and secondly, there is a positive causal effect on businesses’ profitability that has to do with the different management styles that outside CEOs bring to the table, as they are more focused on profits. The results support the importance of having non-family CEOs in listed family businesses in Spain. Research limitations/implications: Our study focused on family businesses listed on the Spanish stock market, which means that the number of companies that were analyzed was reduced and the results cannot be extended to other kinds of businesses. However, this fact did enable us to get more high-quality data and focus on a specific field that was appropriate for considering the problem we proposed. Originality/value: While many studies have compared the performance of family businesses with that of non-family businesses, few have considered that family businesses are not homogeneous and that they have different management styles. And, These styles are determined by the type of CEO that is leading the company; this fact is analyzed empirically in this article.An overview of bankruptcy prediction models for corporate firms: a systematic literature reviewShi, YinLi, Xiaonihttp://hdl.handle.net/2117/1760662020-07-22T21:58:22Z2020-01-29T12:37:32ZAn overview of bankruptcy prediction models for corporate firms: a systematic literature review
Shi, Yin; Li, Xiaoni
Purpose: The aim of this paper is to conduct a literature review of corporate bankruptcy prediction models, on the basis of the existing international academic literature in the corresponding area. It primarily attempts to provide a comprehensive overview of literature related to corporate bankruptcy prediction, to investigate and address the link between the different authors (co-authorship), and to address the primary models and methods that are used and studied by authors of this area in the past five decades. Design/methodology: A systematic literature review (SLR) has been conducted, using the Scopus database for identifying core international academic papers related to the established research topic from the year 1968 to 2017. Findings: It has been verified, firstly, that bankruptcy prediction in the corporate world is a field of growing interest, as the number of papers has increased significantly, especially after 2008 global financial crisis, which demonstrates the importance of this topic for corporate firms. Secondly, it should be mentioned that there is little co-authorship in this researching area, as researchers with great influence were barely working together during the last five decades. Thirdly, it has been identified that the two most frequently used and studied models in bankruptcy prediction area are Logistic Regression (Logit) and Neural Network. However, there are many other innovative methods as machine learning models applied in this field lately due to the emerging technology of computer science and artificial intelligence. Originality/value: We used an approach that allows a better view of the academic contribution related to the corporate bankruptcy prediction; this serves as the link among the different elements of the concept studied, and it demonstrates the growing interest in this area.
2020-01-29T12:37:32ZShi, YinLi, XiaoniPurpose: The aim of this paper is to conduct a literature review of corporate bankruptcy prediction models, on the basis of the existing international academic literature in the corresponding area. It primarily attempts to provide a comprehensive overview of literature related to corporate bankruptcy prediction, to investigate and address the link between the different authors (co-authorship), and to address the primary models and methods that are used and studied by authors of this area in the past five decades. Design/methodology: A systematic literature review (SLR) has been conducted, using the Scopus database for identifying core international academic papers related to the established research topic from the year 1968 to 2017. Findings: It has been verified, firstly, that bankruptcy prediction in the corporate world is a field of growing interest, as the number of papers has increased significantly, especially after 2008 global financial crisis, which demonstrates the importance of this topic for corporate firms. Secondly, it should be mentioned that there is little co-authorship in this researching area, as researchers with great influence were barely working together during the last five decades. Thirdly, it has been identified that the two most frequently used and studied models in bankruptcy prediction area are Logistic Regression (Logit) and Neural Network. However, there are many other innovative methods as machine learning models applied in this field lately due to the emerging technology of computer science and artificial intelligence. Originality/value: We used an approach that allows a better view of the academic contribution related to the corporate bankruptcy prediction; this serves as the link among the different elements of the concept studied, and it demonstrates the growing interest in this area.Analysis of some economic-financial ratios to analyse the financial crisis in five-star hotels in Barcelona and MadridPié Dols, LaiaBonillo Alcaina, IsaacRibas Barceló, JuditFabregat Aibar, Laurahttp://hdl.handle.net/2117/1760572020-07-22T21:58:23Z2020-01-29T12:18:50ZAnalysis of some economic-financial ratios to analyse the financial crisis in five-star hotels in Barcelona and Madrid
Pié Dols, Laia; Bonillo Alcaina, Isaac; Ribas Barceló, Judit; Fabregat Aibar, Laura
Purpose: Analyse some of the financial ratios to see the impact of the economic crisis on 5-star hotels in Spain. Design/methodology: The information needed to write this article was taken from the Iberian Balance Sheet Analysis System (SABI), the Hotel Occupancy Survey published periodically by the National Statistics Institute, the IDESCAT and the official websites of the hotels analysed. Findings: The results obtained show how the financial crisis did not have a direct impact on luxury hotels, but on the contrary, they continue to increase their success thanks to the best continuous strategies. One test is the luxury hotels that were created in Barcelona and Madrid between 2008 and 2011. The work shows that it does not take into account for a hotel chain to have more than one luxury hotel in the same city, since one both of them may end up showing financial losses. It is also found that it is important to determine the number of rooms that the hotel must have in order to avoid construction costs and to have the maximum efficiency. Research limitations/implications: The study has the problem of not updating the SABI database. In some cases, the information has not been updated since 1990. Practical implications: The result that luxury hotels can cover the fixed assets coefficient with their equity. At the same time, it supports the importance of making a better forecast of the number of rooms in order to help them have a better financing. Social implications: It supports the importance of a single luxury hotel in the same hotel chain in the same city and of making good strategic planning in order to improve the results of financial ratios. Originality/value: The article helps explain how the tourist model in Spain has changed since the beginning of the financial crisis.
2020-01-29T12:18:50ZPié Dols, LaiaBonillo Alcaina, IsaacRibas Barceló, JuditFabregat Aibar, LauraPurpose: Analyse some of the financial ratios to see the impact of the economic crisis on 5-star hotels in Spain. Design/methodology: The information needed to write this article was taken from the Iberian Balance Sheet Analysis System (SABI), the Hotel Occupancy Survey published periodically by the National Statistics Institute, the IDESCAT and the official websites of the hotels analysed. Findings: The results obtained show how the financial crisis did not have a direct impact on luxury hotels, but on the contrary, they continue to increase their success thanks to the best continuous strategies. One test is the luxury hotels that were created in Barcelona and Madrid between 2008 and 2011. The work shows that it does not take into account for a hotel chain to have more than one luxury hotel in the same city, since one both of them may end up showing financial losses. It is also found that it is important to determine the number of rooms that the hotel must have in order to avoid construction costs and to have the maximum efficiency. Research limitations/implications: The study has the problem of not updating the SABI database. In some cases, the information has not been updated since 1990. Practical implications: The result that luxury hotels can cover the fixed assets coefficient with their equity. At the same time, it supports the importance of making a better forecast of the number of rooms in order to help them have a better financing. Social implications: It supports the importance of a single luxury hotel in the same hotel chain in the same city and of making good strategic planning in order to improve the results of financial ratios. Originality/value: The article helps explain how the tourist model in Spain has changed since the beginning of the financial crisis.Special issue: V Workshop ACCIDRabaseda Tarrés, Joaquimhttp://hdl.handle.net/2117/1759712020-07-22T21:58:23Z2020-01-28T16:59:45ZSpecial issue: V Workshop ACCID
Rabaseda Tarrés, Joaquim
2020-01-28T16:59:45ZRabaseda Tarrés, Joaquim