Measuring sustained superior performance at the firm level

This paper proposes a two-dimensional Strategic Performance Measure (SPM) to evaluate the achievement of sustained superior performance. This proposal builds primarily on the fact that, under the strategic management perspective, a firm's prevalent objective is the pursuit of sustained superior performance. Three basic conceptual dimensions stem from this objective: relativity, sign dependence, and dynamism. These are the foundations of the SPM, which carries out a separate evaluation of the attained superior performance and of its sustainability over time. In contrast to existing measures of performance, the SPM provides: (i) a dynamic approach by considering the progress or regress in performance over time, and (ii) a cardinal measurement of performance differences and its changes over time. The paper also proposes an axiomatic framework that a measure of strategic performance should comply with to be theoretically and managerially sound. Finally, an empirical illustration of the Spanish banking sector during 1987-1999 is herein provided by discussing some relevant cases.

Collaboration strategies and technological innovation: a contractual perspective of the relationship between firms and techonological centers

In this paper, a theoretical framework for analyzing the selection of governance structures for implementing collaboration agreements between firms and Technological Centers is presented and empirically discussed. This framework includes Transaction Costs and Property Rights’ theoretical assumptions, though complemented with several proposals coming from the Transactional Value Theory. This last theory is used for adding some dynamism in the governance structure selection. As empirical evidence of this theoretical explanation, we analyse four real experiences of collaboration between firms and one Technological Center. These experiences are aimed to represent the typology of relationships which Technological Centers usually face. Among others, a key interesting result is obtained: R&D collaboration activities do not need to always be organized through hierarchical solutions. In those cases where future expected benefits and/or reputation issues could play an important role, the traditional more static theories could not fully explain the selected governance structure for managing the R&D relationship. As a consequence, these results justify further research about the adequacy of the theoretical framework presented in this paper in other contexts, for example, R&D collaborations between firms and/or between Universities or Public Research Centers and firms.

Firm Size and Geographical Aggregation: An Empirical Appraisal in Industrial Location

This paper assesses empirically the importance of size discrimination and disaggregate data for deciding where to locate a start-up concern. We compare three econometric specifications using Catalan data: a multinomial logit with 4 and 41 alternatives (provinces and comarques, respectively) in which firm size is the main covariate; a conditional logit with 4 and 41 alternatives including attributes of the sites as well as size-site interactions; and a Poisson model on the comarques and the full spatial choice set (942 municipalities) with site-specific variables. Our results suggest that if these two issues are ignored, conclusions may be misleading. We provide evidence that large and small firms behave differently and conclude that Catalan firms tend to choose between comarques rather than between municipalities. Moreover, labour-intensive firms seem more likely to be located in the city of Barcelona. Keywords: Catalonia, industrial location, multinomial response model. JEL: C250, E30, R00, R12

A territorial approach to firm entry: The effect of city size

This paper concerns the effects of territorial factors on the processes involved in the creation of manufacturing firms in Spanish cities. Most contributions have focused on regional factors rather than urban ones. Here we assume that it is possible to identify certain urban factors that attract new firms. We use data for the entry of firms in Spanish manufacturing industries between 1994 and 2002. This paper contributes to the existing literature on market entry. Key words: cities, regions, firm entry and Spanish economy. JEL: R0, R12, L60

Firm Size and Short-Term Dynamics in Aggregate Entry and Exit

Much of the research on industry dynamics focuses on the interdependence between the sectorial rates of entry and exit. This paper argues that the size of firms and the reaction-adjustment period are important conditions missed in this literature. I illustrate the effects of this omission using data from the Spanish manufacturing industries between 1994 and 2001. Estimates from systems of equations models provide evidence of a conical revolving door phenomenon and of partial adjustments in the replacement-displacement of large firms. KEYWORDS: aggregation, industry dynamics, panel data, symmetry, simultaneity. JEL CLASSIFICATION: C33, C52, L60, L11

Not all university degrees yield the same return: private and social returns to higher education for males in Spain

In this paper we use micro data from the Spanish Family Expenditure Survey for 1990 to estimate, for the first time, the private and social rates of return of different university degrees in Spain. We compute internal rates of return and include investment on higher education financed by the public purse to estimate social rates of return. Our main finding is that, as presumed, there is large heterogeneity in rates of return amongst different university

Firm strategies in R&D: cooperation and participation in R&D programs

This paper presents empirical evidence on firms’ decisions to cooperate in R&D and the extent to which government sponsored R&D programs increase cooperation. Using a sample of firms from the Spanish innovation survey we jointly estimate the determinants of firm participation in R&D programs and of choice of cooperation partners. We find that (i) firms participating in national and European programs have different profiles, suggesting program complementarity; (ii) private-private and publicprivate cooperation are associated on average with firms with different characteristics, and (iii) national R&D programs seem to have a positive effect on all types of cooperation, but especially on public-private partnerships.

Memòria: estada a London South Bank University (Regne Unit)

Investigación producida a partir de una estancia en la London South Bank University, Reino Unido, entre los meses de setiembre y diciembre del 2005. Se estudia el trabajo sexual en el Reino Unido desde tres perspectivas diferentes. Por una parte, se trata la historia del feminismo anglosajón respecto a sus visiones sobre la prostitución, desde una aproximación a las fuentes. Por otra parte, se plantea la situación jurídico-política. Finalmente, se presenta brevemente a las principales entidades que dan apoyo al colectivo de trabajadoras del sexo en la ciudad de Londres.

The Effect of relationship lending on firm performance

We examine how relationship lending affects firm performance using a panel dataset of about 70,000 small and medium Spanish firms in the period 1993-2004. We model firm performance jointly with the firm's choice of the number of bank relationships. Controlling for firm fixed effects and using instrumental variables for the decision on the number of bank relationships, we find that firms maintaining exclusive bank relationships have lower profitability. The result is consistent with the view that banks appropriate most of the value generated through close relationships with its borrowers as long as they do not face competition from other lenders.

Technological trampolines for new venture creation in Catalonia: the case of the University of Girona

Recent trends in technology transfer show an intensification of spin-off creation as a modality of university research commercialisation, complementary to the conventional ones, contract research and licensing. In this paper we analyse the evolution, objectives, resources and activities of a specialised unit –Technological Trampoline (TT) - in charge of new venture creation at the University of Girona (Catalonia-Spain). Based on two theoretical frameworks, Resource-based-view and Institutional Theory, we adopt a multi-dimensional approach to study the strategy of spinning-off new ventures at the University of Girona in terms of resources and activities, how this process is organised and if the outputs fit with this UdG’s objectives and the local environment. Our main contribution is an in-depth analysis of the spin-off creation unit with special emphasis on its variety of resources and activities. The results have a series of implications and recommendations at both university and TT level.

Human capital in export-based internationalisation. "Managerial determinants and their influence upon the export behaviour of the firm: four case-studies of catalan exporting SMEs"

Export activities are a major source of economic growth and are considered important both at the national level and for individual businesses. Moreover, in the case of SMEs, they gain particular relevance, exporting being the most common foreign market entry mode for these firms. The decision maker’s role in the export activity is crucial, particularly in the case of SMEs. However, the extant literature on internationalization is characterized by a lack of consensus among scholars as to what constitutes the managerial factor in determining exporting. Therefore, this study focuses on the following issue: Which are the decision maker’s characteristics and perceptions that may influence the export behaviour of Catalan SMEs? To address this question a multiple case study method is applied across four Catalan exporting SMEs. The methodology chosen for analysing the empirical data is relying on the proposition testing approach while the investigation is conducted including both within and cross-case analysis. The findings show that high educational level, language skills, high risk tolerance, innovativeness as well as strongly perceived export stimuli as compared to low and easy to overcome export barriers positively influence the export involvement and development of SMEs. The study provides further insights into the research topic by jointly studying managerial characteristics and perceptions. Additionally, the majority of research on exporting topics has been carried out in the USA, so there is a clear need of investigation in the field in other countries, moreover in Spain where the exporting activities have not been as widely studied.

Perfeccionamiento de las metodologías docentes en la enseñanza de la construcción mixta en grado y postgrado en la Universidad Politécnica de Cataluña (UPC) y la Universidad de Camaguey (UC)

Estudio elaborado a partir de una estancia en la Universitat Polictecnica de Cataluña entre marzo i junio del 2007.El proyecto tiene como objetivo general el perfeccionamiento de las metodologías docentes en la enseñanza de la construcción mixta en grado y postgrado en la Universidad Politécnica de Cataluña (UPC) y la Universidad de Camagüey (UC), en correspondencia con la situación actual y perspectiva de la normativa europea, española y cubana. En el trabajo se realiza una valoración sobre programas experimentales en estructuras mixtas y sus resultados, así como su interrelación con la modelación numérica. Se evalúa la correspondencia entre las normativas europeas, española y cubana y se definen los aspectos específicos que deben ser perfeccionados o complementados en la normatividad vigente en Cuba, así como la estrategia general para acometerlo. Para caracterizar la enseñanza de la construcción mixta en la UPC y la UC, se parte de la valoración de información sobre asignaturas similares en un grupo seleccionado de universidades y sobre el contexto que sirve de marco al perfeccionamiento. Se realiza el diagnostico del sistema de objetivos, conocimientos y organización metodológica en los programas de grado y postgrado y se ofrecen recomendaciones generales para el perfeccionamiento de la enseñanza de la construcción mixta en la UPC y la UC. Finalmente, se realizan propuestas detalladas para ambas instituciones, para el perfeccionamiento de las metodologías docentes, con enfoques generales similares, respetando los criterios específicos y formatos de cada entorno. Se concibe un sistema integrado de actividades para cada asignatura, lográndose que, a pesar de las particularidades de cada contexto, el enfoque de trabajo sea coincidente en gran medida, lo que favorece la continuidad en las relaciones de colaboración entre ambas instituciones.

Recerca paleontològica als jaciments maastrichtians continentals de l'àrea de Fumanya (Alt Berguedà)

Memòria de la recerca realitzada a Vallcebre durant el 2006. S’ha estudiat el registre fòssil de l'àrea del sinclinal d’aquesta població de vertebrats i paleobotànic, concretament dels materials maastrichtians d'origen continental que hi afloren. S'han realitzat excavacions per recuperar restes òssies de vertebrats (per exemple dinosaures sauròpodes i cocodrils eosuquis) i cartografies d'icnites i rastres de titanosaure i de restes vegetals als megajaciments de Fumanya sud i Mina Esquirol. També s'ha avançat en l'estudi de postes de titanosaure excavades en campanyes d'anys anteriors. El treball realitzat està permeten acumular dades que seran de gran utilitat i rellevança científica per entendre com vivien els darrers dinosaures pirinencs.La recerca del projecte s'està realitzant en col•laboració amb l'Institut Català de Paleontologia, el Departament d'Estratigrafia de la Universitat Autònoma de Barcelona, el Departament d'Estratigrafia, Paleontologia i Geociències Marines de la Universitat de Barcelona i el Departament de Geociències de la Universitat de Rennes (França).

Business-science research collaboration under moral hazard

I analyze, in the context of business and science research collaboration, how the characteristics of partnership agreements are the result of an optimal contract between partners. The final outcome depends on the structure governing the partnership, and on the informational problems towards the efforts involved. The positive effect that the effort of each party has on the success of the other party, makes collaboration a preferred solution. Divergence in research goals may, however, create conflicts between partners. This paper shows how two different structures of partnership governance (a centralized, and a decentralized ones) may optimally use the type of project to motivate the supply of non-contractible efforts. Decentralized structure, however, always choose a project closer to its own preferences. Incentives may also come from monetary transfers, either from partners sharing each other benefits, or from public funds. I derive conditions under which public interventio

Tot repensant els serveis bibliogràfics a la University of California

Informe d'un Grup de Treball sobre Serveis Bibliogràfics de la University of California que presenta un seguit de recomanacions sobre els canvis que aquests serveis haurien d'implementar per millorar les seves prestacions. Els autors posen de manifest el desfasament que pateixen bona part dels serveis bibliotecaris actuals davant les prestacions que ofereixen portals com Amazon o Google. Les recomanacions s'estructuren en quatre apartats: millorar la cerca i la recuperació, redissenyar l'OPAC, adoptar noves pràctiques catalogràfiques i donar suport a la millora continua. L'informe finalitza amb l'enumeració d'una seixantena de possibles actuacions addicionals que també es van considerar i les raons per les quals finalment es van descartar.