Social capital and the equilibrium number of entrepreneurs

Social capital is viewed either as a proprietary asset that serves private interests, including those of entrepreneurs, or as a collective asset that supports trust-based transactions saving on transaction costs both in markets and within the boundaries of firms, and benefiting society as a whole. This paper explains the relative specialization between entrepreneurs and market-governed exchanges as a result of the interaction between social capital that lowers transaction costs, and the scale economies of ability in managerial jobs (Lucas 1978). The main hypothesis formulated in the paper is that higher social capital will benefit the hierarchy relatively more than the market as a governance mechanism, and therefore in economies with higher social capital, the equilibrium number of entrepreneurs will be lower and their average span of control larger than in economies with lower social capital. The empirical evidence, with data from the Spanish Autonomous Communities, is consistent with this prediction.

Determinants of acquisition completion: a relational perspective

The strategic literature on relatedness in the context of mergers and acquisitions (M&As) is extensive, yet we know little about whether or how relatedness has an influence on the announcement to completion stage of the M&A process. Drawing on research on intra-industry competition and relational capabilities, we seek to shed light on the relatedness debate by examining the strategic forces that affect the completion of an announced related M&A, accounting for financial and organizational factors. We also explore additional strategic forces that might amplify or attenuate the negative effect of relatedness on deal completion. We test and find support for our hypotheses using longitudinal data from a sample of the largest M&A announcements in the world from 1991 to 2001.

Lean Management (LM): Bases, eines i avantatges de la seva utilització al Sector Sanitari. Aplicació del LM a l’hospital St. Rafael de Barcelona per optimitzar el flux de pacients a la consulta externa de Traumatología.

Aquest projecte presenta, per una banda, una revisió del Lean Management i de l'estat actual de la seva aplicació al sector sanitari. Es descriuen els principis i la filosofia en què es basa aquest sistema, les eines i tècniques que li són pròpies, així com les avantatges que aporta cadascuna d’elles a l'empresa en general i, més concretament, al sector sanitari. D'altra banda, també descriu una petita aplicació pràctica de la metodologia Lean per al control de fluxos de pacients al servei d’atenció ambulatòria de l’Hospital Sant Rafael de Barcelona, amb l’objectiu de disminuir el temps total que els pacients tarden en ser atesos pel metge, a través d’eines que alhora aporten valor afegit a tant a pacients com a professionals.

El smartphone y sus implicaciones de marketing y antropológicas: la situación de España respecto al entorno internacional

Aquest treball analitza la tecnologia del Smartphone i les implicacions d’aquests dins d’Espanya en relació al màrqueting i a l’antropologia, principalment. El Smartphone s’ha convertit en un utensili que va més enllà d’un simple telèfon, convertint-se en agenda, ràdio, televisió i bastants aplicacions més. El grau de penetració d’aquest s’ha incrementat exponencial-ment, especialment en menors d’edat, i això, està modificant la nostra forma d’actuar i mantenir relacions, i per tant les opcions de màrqueting disponibles a través del mateix, presents i futures.

Conflicto de intereses: agencias de rating, reguladores, países y empresas

Les agencies de qualificació de riscos son una peça fonamental en el engranatge del sistema financer internacional. Arreu de la crisi financera es detecten conflictes d’interès entre aquestes i la resta de agents econòmics, generat per un canvi en el model de cobro. El document explica com s’ha generat aquest problema, la resposta del mercat i de les pròpies agencies de rating i exposa també les noves propostes regulatòries per a corregir-lo.

Organizational resources and intrapreneurial activities: a cross-country study

The importance of entrepreneurship for social and economic growth is generally accepted. In addition, intrapreneurship or corporate entrepreneurship is recognized as one of the key elements for organizational development. In this context, corporate culture and, specifically, entrepreneurial competences are considered to be catalysts for intrapreneurship. The main purpose of this paper is to analyse the influence of resources and capabilities on the probability of becoming an intrapreneur. Using data obtained from the Global Entrepreneurship Monitor (GEM) for 39 countries, and a logistic model, the study shows that entrepreneurial resources and capabilities, such as previous entrepreneurial experience, entrepreneurial competences and the ability to detect business opportunities, influence intrapreneurial behaviour. The contributions of this research are both conceptual (advancing corporate entrepreneurship theory) and practical (relating to the design of policies to foster intrapreneurial activities).

Studying the micro-angels approach to micro-investment decisions

Purpose: The paper analyzes the micro-angels investment behaviour, looking both to the criteria used in the selection of their investment projects and to the characteristics of their guidance role during the investment period. Design/Methodology/Approach: The paper focuses on a double bottom line movement of French micro-angels clubs that has been operating since 1983. Our primary source of data is an online survey carried out during March 2012, asking members of clubs all over France for different aspects of their procedures. Findings: Our findings suggest that micro-angels are interested in small, socially or environmentally friendly projects having the potential to contribute to the development of their neighbourhood. We find that women are even more interested than men in such projects. Educated micro-angels value entrepreneurial motivation and understanding of the project more than less-educated micro-angels. We also point out the factors that micro-angels consider important in accompanying enterprises. Here we find that gender makes little difference. However, retired micro-angels value financial diagnosis made conjointly with entrepreneurs, while both active micro-angels and educated micro-angels value more the use of their network to help micro-entrepreneurs. Practical/Social Implications: Given the potential benefits of micro-angels investing and guiding the development of micro-enterprises, a social micro-angel investment on a major scale in developing countries could help in tackling some of the problems faced by the development of microfinance, such as the over-indebtedness of micro-entrepreneurs. Practitioners and new initiatives would gain from understanding what adaptations need to be made. Originality/value: We expect to add to the venture capital theory to take into account non-economic motives.

Multimarket contact externalities: the effect of rival's multimarket contacts on focal firm performance

Given that firms develop their activities in a network of multiple players, interfirm rivalry is not only a matter of direct competitors, but also of indirect competition. In spite of this, the literature on competitive dynamics tends to focus on analyzing rivalry as an exclusive function of the competitive relationship between a focal firm and its direct rivals. In this article, we extend competitive dynamics literature by considering how focal firms are affected by the relationships of their rivals with third-party firms. Specifically, we study the effect that the multimarket contacts of rivals produces on the performance of the focal firm. Additionally, we incorporate the idea that there are different strategic options for operating in an industry that affect the intensity of multimarket contact externalities. Our results show that multimarket contact among firms causes externalities that indirectly affect firms that are not directly involved in this competitive relationship. We find that multimarket contact externalities differ between and within strategic groups.

Market rewards to patterns on increasing earnings: do cash flow patterns, accruals manipulation and real activities manipulation matter?

This study explores whether firms have differential price-earnings multiples associated with their means of achieving a sequential pattern of increasing positive earnings. Our main findings show that market participants assign higher price-earnings multiples to firms when their pattern of increasing earnings is supported by the same pattern of increasing cash flows. Market participants assign lower price-earnings multiples to firms suspect of having engaged in accrual-based earnings management, sales manipulation, and overproduction to achieve the earnings pattern. We find, however, that market participants do not penalize firms suspect of having achieved the earnings pattern through the opportunistic reduction of discretionary expenses.

Immigration controls and the erosion of popular sovereignty

The idea that immigration controls in Western developed states are a response to popular pressure is axiomatic in the academic literature on migration. In the academic literature and in policy circles it is also commonplace to hear that migration is eroding the sovereignty of states. This article challenges both of these ideas. We argue that both of these ideas overlook or ignore the erosion of popular sovereignty from within states. We argue that engaging with, rather than evading, public debate on migration can potentially help to reinvigorate popular sovereignty.

Capital cities of federations. On the way to analysing the normative base of their asymmetrical status

Federal Capitals often have special statutes. Compared with member states, they often enjoy a lower degree of self-government and a lesser share in the governing of the federation. Why do actors choose such devices, and how can they be justified in a liberal democracy? Surprisingly, the burgeoning literature on asymmetric federalism (to which our research group has contributed significantly) has overlooked this important feature of a de iure asymmetry, perhaps because political theory up to now has concentrated on cases of multicultural and plurinational federations. However, comparative literature is also rare. This paper is the first step to filling in this gap by comparing some federal capitals. The Federal District model (Washington) is compared to capitals organized as member-states (Berlin and Brussels), and capitals that are cities belonging to a single member state (Ottawa in Ontario). The different features of de iure asymmetry will thereby be highlighted. Some light will be shed on the possible motives, reasons and justifications for the choice of each respective status. The paper opens the door to further research on such status questions by analysing public and parliamentary debates, for example. It paves the way for more thorough research. Sicne the author has been awarded a grant by the Institut d’Estudis Autonòmics, this research will be carried out soon.

Los mundos posibles del discurso de Berlusconi. Un análisis de la evolución del contenido a través de cuatro discursos del líder del centro-derecha italiano

El siguiente trabajo es un estudio sobre las dinámicas y los contenidos de la comunicación política de Silvio Berlusconi y su partido, analizada mediante una perspectiva histórica y sociológica y mediante el análisis de cuatro discursospronunciados por Berlusconi a lo largo de 15 años.Para el análisis del discurso se utiliza la metodología elaborada por Jordi Pericot yArantxa Capdevila a partir de la “Teoría de la Argumentación” de Chaïm Perelman y dela teoría de los mundos posibles.

Digital storytelling: un’applicazione didattica per ripensare ai media attraverso i media

El presente trabajo de investigación propone un proyecto de investigación centrado en los pre-adolescentes para estudiar, a través deautobiografías digitales (digital storytelling, DST) producidas por ellos, laspracticas cultural-medial y las representaciones que ellos han construido sobre los medios, en relación con los contextos de uso significativos, como el hogar, la escuela o su grupo de par. Los medios forman parte de las actividades cotidianas de los niños quien los emplean en prácticas de socialización, aprendizaje, juego y de construcción de la identidad y del conocimiento. Los digital storytelling,insertados en el contexto escolar, serán empleados como metodología didácticapara la adquisición de competencias tecnológicas y como instrumento de lainvestigación. Los DST, como practica cultural de los chicos, constituirán nuestrocampo para la observación de las modalidades de uso de los medios por parte delos jóvenes y sus capacidad de recombinar lenguajes y construir contenidos. LosDST proporcionaran, además, la posibilidad de acceder al universo simbólicoinfantil para comprender el significado que las tecnologías tienen en sus cotidianidad

Les Marques blanques, anàlisi en temps de crisi

La situació econòmica actual porta a moltes i diverses conseqüències en diferents àmbits, un d’ells és el consum. Les marques blanques s’han fet un lloc important en la nostra cistella de consum, sobretot en aquest últim any, i és aquest impacte de la crisi a les marques blanques el que intentem analitzar en el nostre treball.El tema central del treball es basa en endinsar-nos en el món de les marques blanques prestant especial interès al seu context actual, una situació de crisi econòmica i un conflicte vigent entre marques blanques i marques de renom.En primer lloc, hem analitzat la situació actual del sector. Per això, hem obtingut diversa informació procedent tant dels mitjans de comunicació com d’estudis realitzats per diferents consultores.Una vegada analitzada l’actualitat, hem cregut convenient centrar-nos en dos casos concrets per tal d’acotar l’anàlisi i obtenir resultats més fiables. En aquest apartat, introduïm al lector a la realitat de les empreses Grup Bonpreu i Mercadona i lesanalitzem principalment des de la seva política respecte la marca blanca.Seguidament, una part fonamental del treball es basa en l’anàlisi de les enquestes realitzades a varis establiments de les cadenes escollides. A partir del resultat d’aquestes enquestes, hem pogut realitzar comparacions entre les dues empreses pel que fa a les seves estratègies, els preus i els hàbits de consum dels seus clients.També hem vist que existeixen diferents perfils de consumidor pel que fa a les dues empreses escollides, ja que són presents grans diferències en les estratègies d’ambdues cadenes.Amb tot això, hem comprovat que, efectivament, el consum de marques blanques ha augmentat en aquest període de crisi i que, aquest fet és degut, en gran part, al canvi de comportament de compra dels consumidors en aquest últim any.

La Capoeira como símbolo de los nuevos modos de representación audiovisual

Partiendo de la capacidad expresiva y reflexiva que albergan las imágenes tecnológicas para manifestar la red de implicaciones que se configuran en un sistema de representación como el que se desarrolla durante una exhibición de Capoeira, el propósito que me planteo en este trabajo consiste en abrazar el gran desafío del saber contemporáneo de educar(se) ‘en’ y ‘para’ la era planetaria, es decir, desatar un impulso de pensamiento complejo que esté animado por una tensión permanente entre la aspiración a un saber no parcelado, no dividido, no reduccionista, y el reconocimiento de lo inacabado e incompleto de todo conocimiento La aventura especulativa que se desencadena en esta investigación parte de una posición propia declarada: el análisis histórico, estético y antropológico de los fundamentos culturales que se despliegan durante una roda de Capoeira nos sirve para detectar categorías conceptuales que permiten esbozar la delimitación de un territorio metafórico donde se ilustra el carácter epistémico adscrito a la visualidad de alguno de los dispositivos y formas audiovisuales que configuran los entornos digitales comunicativos que habitamos en la actualidad