4 resultados para Institutional valuation

em Universidad del Rosario, Colombia


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The principal objective of this paper is to identify the relationship between the re­sults of the Canadian policies implemented to protect female workers against the impact of globalization on the garment industry and the institutional setting in which this labour market is immersed in Winnipeg. This research paper begins with a brief summary of the institutional theory appro­ach that sheds light on the analysis of the effects of institutions on the policy options to protect female workers of the Winnipeg garment industry. Next, this paper identi­fies the set of beliefs, formal procedures, routines, norms and conventions that cha­racterize the institutional environment of the female workers of Winnipeg’s garment industry. Subsequently, this paper descri­bes the impact of free trade policies on the garment industry of Winnipeg. Afterward, this paper presents an analysis of the ba­rriers that the institutional features of the garment sector in Winnipeg can set to the successful achievement of policy options addressed to protect the female workforce of this sector. Three policy options are considered: ethical purchasing; training/retraining programs and social engage­ment support for garment workers; and protection of migrated workers through promoting and facilitating bonds between Canada’s trade unions and trade unions of the labour sending countries. Finally, this paper concludes that the formation of isolated cultural groups inside of factories; the belief that there is gender and race discrimination on the part of the garment industry management against workers; the powerless social conditions of immi­grant women; the economic rationality of garment factories’ managers; and the lack of political will on the part of Canada and the labour sending countries to set effective bilateral agreements to protect migrate wor­kers, are the principal barriers that divide the actors involved in the garment industry in Winnipeg. This division among the prin­cipal actors of Winnipeg’s garment industry impedes the change toward more efficient institutions and, hence, the successful achievement of policy options addressed to protect women workers. 

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In this work we analyze the reforms carried out by the Mexican state in the nineties of the 20th century, in the items concerning the policies of housing and urban land, based on an exhaustive review of the main actions, programs and changes in the legal and institutional frame that applies for each of these fields. The nineties represent a "breaking point" in the way the State considers the satisfaction of the right to the housing and attends the offer of urbanized land for a tidy and sustainable urban development. In this period of time, the approach of direct intervention in developing and financing housing and creation of land reserves has changed into another one, ruled by the logic of the market. The balance to the first decade of the 21st century is ambiguous, as neither the housing policy has solved the housing shortage for low-income population, nor the land policy has eliminated the illegal urban growth.

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La Facultad de Medicina de la Universidad del Rosario a nivel nacional e internacional se ha posicionado como una de las más célebres. De esta manera se hace interesante expandir el estudio de la caracterización del perfil emprendedor hacia esta facultad contrastándolo con el resto de la población colombiana emprendedora. Para esta investigación se determinaron los factores comunes presentados entre los estudiantes de la facultad de medicina de la Universidad del Rosario al momento de emprender basados en las teorías de expectativa/valoración, comportamiento planificado y el modelo del evento empresarial. Por esta razón se realizó un estudio a los estudiantes de la facultad de medicina de la Universidad del Rosario tomando como directiva si al momento de tomar la decisión de emprender lo hacen más los hombres o las mujeres. Para lo cual la investigación se fundamenta en las tres teorías principales mencionadas anteriormente; teoría de la expectativa/valoración de Víctor Vroom, teoría de la conducta planificada de Icek Ajzen y el modelo del evento empresarial de Albert Shapero, las cuales hacen posible una aproximación a la explicación de la relación del género con el emprendimiento. Así mismo se utilizó la herramienta conocida como “Características de Comportamiento Emprendedor” (CCE de EMPRETEC) la cual está basada en la teoría de McClelland, reflejando los factores motivacionales asociados al comportamiento emprendedor. Dentro de la metodología se logró determinar las diferencias reflejadas en factores del comportamiento emprendedor entre los hombres y las mujeres en Colombia, usando también como base las encuestas realizadas a los estudiantes de la facultad de medicina y el estudio realizado por la GEM a la población emprendedora.

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We examine for the first time the association of different measures of ownership and control, and separation ratios with firm’s value and performance for 108 non-financial firms that traded their stock during the period 1998 to 2002. We found that large blockholders exert a positive influence upon firm’s valuation and performance, which validates the positive monitoring approach of large shareholders, but also found that this relation is not monotone implying that when separation of control and ownership tends to increase, a negative effect is exerted on firm’s valuation. Furthermore, we report first estimates of a survey of corporate governance practices conducted in 2004 for 43 Colombian non-financial companies. The index’s scores suggest that implementation of good governance in Colombian firms has been slow and poor as measured by the average of the Index that is below half the maximum attainable value. Regrettably, we did not find any support to recent theories that predict a positive association between good governance practices, measured by the CGI, and performance. At most there exists a positive relationship for sub-index but the results were not statistically significant in general.