Cuadernos de Administración最新文献

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Portfolio Managers on the Colombian Open-End Mutual Fund Industry: Performance, downside risk and persistence 哥伦比亚开放式共同基金行业的投资组合经理:业绩、下行风险和持续性
Cuadernos de Administración Pub Date : 2019-11-08 DOI: 10.11144/javeriana.cao32-59.pmco
Fredy Alexander Pulga Vivas, M. Joven
{"title":"Portfolio Managers on the Colombian Open-End Mutual Fund Industry: Performance, downside risk and persistence","authors":"Fredy Alexander Pulga Vivas, M. Joven","doi":"10.11144/javeriana.cao32-59.pmco","DOIUrl":"https://doi.org/10.11144/javeriana.cao32-59.pmco","url":null,"abstract":"This study explores whether Colombian mutual funds deliver abnormal risk-adjusted returns and delves on their persistence. Through traditional and downside risk measures based on Modern Portfolio Theory and Lower Partial Moments, this article evaluates the performance of 146 mutual funds categorized by investment type and fund manager. This assessment suggests that mutual funds underperform the market and deliver real returns. Similarly, bond funds underperform equity funds, and investment trusts underperform brokerage firms as managers. Furthermore, bond funds and funds managed by investment trusts exhibit short-term performance persistence. These results suggest that investors may pursue passive investment strategies, and that they must analyze past performance to invest in the short-term.","PeriodicalId":127065,"journal":{"name":"Cuadernos de Administración","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114139497","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Estimation of the commercial effect of a Colombia-Israel FTA: Trade overview and partial equilibrium analysis, 2004-2014 哥伦比亚-以色列自由贸易协定的商业效应评估:贸易综述和部分均衡分析,2004-2014
Cuadernos de Administración Pub Date : 2019-11-08 DOI: 10.11144/javeriana.cao32-59.etcec
Stella Del Pilar Venegas Calle, Nicolás De la Peña Cárdenas
{"title":"Estimation of the commercial effect of a Colombia-Israel FTA: Trade overview and partial equilibrium analysis, 2004-2014","authors":"Stella Del Pilar Venegas Calle, Nicolás De la Peña Cárdenas","doi":"10.11144/javeriana.cao32-59.etcec","DOIUrl":"https://doi.org/10.11144/javeriana.cao32-59.etcec","url":null,"abstract":"The study presents the quantitative effects of a total tariff tax exemption between Colombia and Israel. Tariff reduction simulations are carried out using a partial equilibrium model based on the SMART methodology. Before the model, some indicators are presented to show an overview of the degree of complementarity, similarity and comparative advantages revealed. The results show that the commercial effect is very low for both countries and that there are minimum potential risks. However, several opportunities of new exports for specific sectors are identified.","PeriodicalId":127065,"journal":{"name":"Cuadernos de Administración","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127175076","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Institutional management: The entrepreneurial intention of the farmers of Aguascalientes 制度管理:阿瓜斯卡连特斯农民的创业意向
Cuadernos de Administración Pub Date : 2019-11-05 DOI: 10.25100/cdea.v35i65.7774
Neftalí Parga-Montoya, J. E. Vega-Martínez, Carlos Eduardo Romo-Bacco
{"title":"Institutional management: The entrepreneurial intention of the farmers of Aguascalientes","authors":"Neftalí Parga-Montoya, J. E. Vega-Martínez, Carlos Eduardo Romo-Bacco","doi":"10.25100/cdea.v35i65.7774","DOIUrl":"https://doi.org/10.25100/cdea.v35i65.7774","url":null,"abstract":"The study of the institutional context is a relevant topic to measure the factors that affect the intentions of creating a firm. Based on the literature of institutional theory and the theory of planned behavior, chile producers in Mexico are analyzed. The study aims to analyze the influence of regulative, normative and cognitive burdens on the entrepreneurial intention of farmers. An empirical study was carried out with 94 producers located in the state of Aguascalientes. The hypotheses raised were contrasted from multivariate linear regressions. Important results were obtained from the influence of the normative and cognitive burdens on the intentions of entrepreneurship on the part of the producers working as a formal entity. Similarly, this work has crucial contributions to the literature related to academic training and its implications for entrepreneurial intentions, specifically being a variable that favors the penetration of institutional burdens into entrepreneurship.","PeriodicalId":127065,"journal":{"name":"Cuadernos de Administración","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115577087","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Entry barriers and “Glass Roof” in University Management in Colombia 哥伦比亚大学管理中的进入壁垒与“玻璃屋顶”
Cuadernos de Administración Pub Date : 2019-11-05 DOI: 10.25100/cdea.v35i65.7892
Cristian Bedoya Dorado, Mónica García-Solarte, Juan Sebastián Peña-Zúñiga, Steven Alejandro Piñeros Buriticá
{"title":"Entry barriers and “Glass Roof” in University Management in Colombia","authors":"Cristian Bedoya Dorado, Mónica García-Solarte, Juan Sebastián Peña-Zúñiga, Steven Alejandro Piñeros Buriticá","doi":"10.25100/cdea.v35i65.7892","DOIUrl":"https://doi.org/10.25100/cdea.v35i65.7892","url":null,"abstract":"Management in the context of higher education has been characterized by the predominance of male participation, mainly in senior management positions. As a result, women’s low participation is mainly concentrated in lower management positions, and their chances of escalating hierarchical positions are mediated by various factors ranging from subjective to socially naturalized. The objective of this research is to analyze the barriers women face to enter and escalate positions in university management in Colombia. Under a qualitative design, 26 semi-structured interviews were applied to university managers from different institutions of higher education in Colombia. The transcripts were analyzed using discourse analysis through three categories: individual, internal, and external barriers of the university. It was found that women face entry and promotion barriers marked by experiences, and conditions of inequality and discrimination in a male-dominated context. These barriers are conditioned by personal elements, organizational culture, and the social role of women. In addition, women’s trajectories involve mediation between professional development and family life. The study reveals experiences that contribute to understanding the research phenomenon from the webbing of senses and meanings. It is posited that the “glass ceiling” is mediated by variables in the internal order, and by the relationship between universities and their context.","PeriodicalId":127065,"journal":{"name":"Cuadernos de Administración","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130687610","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Estudios descoloniales del management y las organizaciones: Avances, desafíos y prospectos 管理和组织的非殖民化研究:进展、挑战和前景
Cuadernos de Administración Pub Date : 2019-09-03 DOI: 10.11144/10.11144/javeriana.cao32-58.edmo
Jenny K. Rodríguez, Marcela Mandiola, H. Martínez, Alba Luz Giraldo Tamayo
{"title":"Estudios descoloniales del management y las organizaciones: Avances, desafíos y prospectos","authors":"Jenny K. Rodríguez, Marcela Mandiola, H. Martínez, Alba Luz Giraldo Tamayo","doi":"10.11144/10.11144/javeriana.cao32-58.edmo","DOIUrl":"https://doi.org/10.11144/10.11144/javeriana.cao32-58.edmo","url":null,"abstract":"Este número especial presenta discusiones que, desde una mirada latinoamericana y latinoamericanista, abordan el significado de lo critico y la criticalidad en la producción de conocimiento acerca del management y las organizaciones. Los trabajos en este numero especial dejan de lado las representaciones autoritarias que han sostenido ideas hegemónicas y utilizan como punto de partida el conocimiento producido en el margen. Esta comprensión de la criticalidad se fundamental en una postura decolonial (ver Grosfoguel, 2007), la cual utiliza nociones de ruptura en lugar de nociones de (re)negociación intelectual. Esto es, el desarrollo de una mirada epistemológicamente situada desde/hacia lo crítico, buscando rechazar críticas domesticadas que re-negocien o re-formulen significados que finalmente expanden el conocimiento dominante. Este pensamiento “desde el margen” es entonces el pensamiento hegemónico “del margen”.","PeriodicalId":127065,"journal":{"name":"Cuadernos de Administración","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115102550","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
The 2016 tax reform in Colombia: a patchwork quilt 哥伦比亚2016年的税收改革:一个拼凑的被子
Cuadernos de Administración Pub Date : 2019-08-05 DOI: 10.25100/cdea.v35i65.7676
V. Rodríguez
{"title":"The 2016 tax reform in Colombia: a patchwork quilt","authors":"V. Rodríguez","doi":"10.25100/cdea.v35i65.7676","DOIUrl":"https://doi.org/10.25100/cdea.v35i65.7676","url":null,"abstract":"This paper analyzes the 2016 tax reform in Colombia, which, although initially presented as structural in the attempt to advance in aspects such as efficiency and equity in the tax system, in the end constituted only one more attempt to temporarily solve a fiscal deficit issue. In fact, this paper establishes that, although there has been progress on some issues, for instance the limiting of tax benefits for the purposes of the purging the Personal Income Tax, the schedular model also entails the risk that many taxpayers will not be taxed according to their capacity to pay, what could be called a counter-reform. In addition, it is proved through econometrics that greater collection and progressivity are not antagonistic purposes, so it is advisable that the next reform in this area chooses to make a more intensive use of direct taxes, although seeking to involve a greater number of taxpayers in the financing of the State, suggesting progress in evasion control.","PeriodicalId":127065,"journal":{"name":"Cuadernos de Administración","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126005948","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Corporate Social Responsibility inside the best valued companies within the labor market 企业社会责任在劳动力市场中最有价值的公司
Cuadernos de Administración Pub Date : 2019-08-05 DOI: 10.25100/cdea.v35i65.7658
F. Seoane, B. C. Martínez-Azúa
{"title":"Corporate Social Responsibility inside the best valued companies within the labor market","authors":"F. Seoane, B. C. Martínez-Azúa","doi":"10.25100/cdea.v35i65.7658","DOIUrl":"https://doi.org/10.25100/cdea.v35i65.7658","url":null,"abstract":"Annually, the magazine Revista Actualidad Económica (RAE) publishes a ranking of the 100 most attractive companies to work for, in Spain. Using this database for the period 2013-2018, the aim of this study is to analyze the assessment of the CSR and compare it with the total valuation of the companies, based on a series of variables such as the territorial location of the enterprises, their nationality, their main activity sector, their size and contribution, which allows us to know the profile of these organizations. The techniques of analysis used are: statistical analysis, comparison of medians of independent samples with Levene test and econometric analysis. It is a novel work since there are no previous studies that involve a quantitative analysis of the organizations within the main positions of the rankings. The most relevant results prove the existence of a positive relationship between the largest companies and those listed on the stock exchange with the values obtained by the CSR and the total valuation. Furthermore, the Anglo-Saxon companies have a significant valuation overall if we compare it with the Mediterranean companies; however, regarding CSR, they obtain similar values. The profile obtained for the most outstanding companies in CSR and global valuation corresponds, almost completely, to large companies listed on the stock market, inside the energy and financial sector, mainly Anglo-Saxon companies located in the capital of Spain. Future researches should assure whether new results are obtained by considering additional variables or not.","PeriodicalId":127065,"journal":{"name":"Cuadernos de Administración","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116718244","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Shortcomings and benefits in idle capacity control of Industries in Villavicencio 维拉维森西奥工业闲置产能控制的弊端与好处
Cuadernos de Administración Pub Date : 2019-08-05 DOI: 10.25100/cdea.v35i65.6769
Rosa Emilia Fajardo Cortés
{"title":"Shortcomings and benefits in idle capacity control of Industries in Villavicencio","authors":"Rosa Emilia Fajardo Cortés","doi":"10.25100/cdea.v35i65.6769","DOIUrl":"https://doi.org/10.25100/cdea.v35i65.6769","url":null,"abstract":"SMEs make up the largest business fabric in Colombia and contribute to the development of the economy, therefore, they have an implicit obligation to be competitive at the national and international level, assuming different challenges, including the implementation of international financial reporting standards, wherefore they require studies that provide performance measurement strategies that allow them to respond to the needs of their environment, as is the case of industries and the effective management of their production costs. Therefore, the objective of this research set out to determine the shortcomings and benefits in the control of idle capacity under the International Financial Reporting Standards— IFRS for SMEs section 13, in the industries of Villavicencio. The methodology used was the case study, and the information was obtained through a structured interview applied to the owners. The results show the shortcomings that arise when financial processes and organizational processes work in a disarticulated manner on the control of idle capacity. They also show the benefits of investing in strategic management tools for cost optimization, leading to the achievement of institutional objectives.","PeriodicalId":127065,"journal":{"name":"Cuadernos de Administración","volume":"79 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130287829","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
The potential market for sustainable housing under the contingent valuation method. City of Palmira 条件估价法下可持续住房的潜在市场。帕尔米拉市
Cuadernos de Administración Pub Date : 2019-08-05 DOI: 10.25100/cdea.v35i65.7247
M. Botero, S. Ortiz
{"title":"The potential market for sustainable housing under the contingent valuation method. City of Palmira","authors":"M. Botero, S. Ortiz","doi":"10.25100/cdea.v35i65.7247","DOIUrl":"https://doi.org/10.25100/cdea.v35i65.7247","url":null,"abstract":"Sustainable housing is the constructive alternative under discussion in recent decades due to the multiple environmental impacts produced by the construction sector and its state of permanence and acceleration. Policies and standards at the international and national levels quickly encourage the implementation of actions in its favor. The lack of a market and the need to know it justify the research objective hereof of exploring the willingness to pay for sustainable housing through the Contingent Valuation Method applied to the city of Palmira, Colombia. A case of interest, as it is an emerging intermediate city regarding urban growth in the last decade in Colombia. The method designed a survey through the identification and valuation of significant variables for sustainable housing and the parameters of the analysis model and the method, which allow it to identify the potential market for sustainable housing. It is observed that the main variables of analysis in the literature consulted refer to topics such as location in relation to nearby equipment, materials’ properties, technological innovation and reduction in consumption of home public services. The survey shows that the willingness to pay in the city of Palmira is high for the lowest housing prices, and that the people with the highest income are the ones who would invest the most in sustainable housing and that the level of knowledge on the subject is scarce in general.","PeriodicalId":127065,"journal":{"name":"Cuadernos de Administración","volume":"128 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128117459","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Compliance: norms as an instrument and a threat to the administration 合规:规范作为一种工具和对行政管理的威胁
Cuadernos de Administración Pub Date : 2019-08-05 DOI: 10.25100/cdea.v35i65.7748
Javier Sanclemente Arciniegas
{"title":"Compliance: norms as an instrument and a threat to the administration","authors":"Javier Sanclemente Arciniegas","doi":"10.25100/cdea.v35i65.7748","DOIUrl":"https://doi.org/10.25100/cdea.v35i65.7748","url":null,"abstract":"This document analyzes the legal notion of compliance in relation to the activity of business administration. We will see that this institution expresses itself through a set of norms that guide the performance of companies seeking to mitigate the risks arising from the activities of the corporate purpose. In this regard, compliance can be interpreted as an auxiliary instrument, which helps management achieve a company’s goals, by providing relatively safe standards of action. In this way, the law manifests itself as a guide that serves to channel the economic activity of a company. However, regulations also operate as a standard that allows an expost evaluation on the conformance of business management. The existence of norms that set a previous course of safe action implies risks for those who choose not to exercise the duty of surveillance. Thus, the administration must combine a careful observation of norms, with the exercise of economic freedom, in order to implement a safe but productive business activity.","PeriodicalId":127065,"journal":{"name":"Cuadernos de Administración","volume":"286 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132092039","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
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