{"title":"Consumer Ethnocentrism and Willingness to Buy Foreign Products in Emerging Markets: Evidence from Turkey and Colombia","authors":"Deniz Zeren, A. Kara, Alejandro Arango Gil","doi":"10.1080/10978526.2019.1697186","DOIUrl":"https://doi.org/10.1080/10978526.2019.1697186","url":null,"abstract":"Abstract Consumer ethnocentrism (CE) has been a popular research topic in international marketing. However, limited CE research is available from the emerging markets. Heightened concerns about globalization and increased political support for restricting international trade around the world increases the importance of updated empirical findings on consumer ethnocentric behavior. Hence, the purpose of this empirical study is to examine consumer ethnocentrism and consumer willingness to buy foreign products in two emerging markets: Turkey and Colombia. Data was collected using online surveys from subjects in Turkey and Colombia. Results show that CE inversely influenced consumers’ willingness to buy foreign products in both countries.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2019.1697186","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49140307","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}
{"title":"On Brazilian Insider Trading: Determinants and Informational Effects","authors":"Lucas N. C. Vasconcelos, Orleans Silva Martins","doi":"10.1080/10978526.2019.1709073","DOIUrl":"https://doi.org/10.1080/10978526.2019.1709073","url":null,"abstract":"Abstract We investigate the determinants of insider trading and its effects on the levels of stock price informativeness in Brazil. We use corporate insider trading data for companies included in the IBrX-100 index between December 2016 and June 2018. In our standard sample, our findings indicate that insiders tend to trade in high liquidity months, and this behavior hampers the detection of adverse selection. Also, insider trading seems to be irrelevant to efficiency. Our study indicates that greater trading transparency is essential for outsiders to increase market efficiency since trading alone does not provide such a scenario. We suggest caution in the use of low-frequency liquidity measures for adverse selection detection in this market.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-01-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2019.1709073","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43447870","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}
J. S. López-Morales, K. Nava-Aguirre, Antonio Huerta-Estévez
{"title":"Service Multilatinas: The Internationalization of Cinépolis","authors":"J. S. López-Morales, K. Nava-Aguirre, Antonio Huerta-Estévez","doi":"10.1080/10978526.2019.1698300","DOIUrl":"https://doi.org/10.1080/10978526.2019.1698300","url":null,"abstract":"Abstract The main objective of this work is to analyze the internationalization process of Cinépolis, a Mexican entertainment service multilatina. To achieve this aim, a qualitative research case study was carried out based in secondary data. The main finding of this study is that the internationalization of Cinépolis is based on the implementation of a business model whose main objective is to transfer the operating paradigm overseas in an adapted manner that involves technology and creativity in its services. Additionally the company followed a process of gradual and sequential internationalization in culturally related and geographically close markets.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2019.1698300","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47897394","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}
{"title":"Governance and Type of Industry as Determinants of Corporate Social Responsibility Disclosures in Latin America","authors":"Nagore Aranguren Gómez, Stella Maldonado García","doi":"10.1080/10978526.2019.1697185","DOIUrl":"https://doi.org/10.1080/10978526.2019.1697185","url":null,"abstract":"Abstract There is little empirical evidence regarding corporate social responsibility (CSR) disclosure in Latin America. This paper focuses on the disclosure of CSR information by listed companies in Chile, Colombia, and Mexico and analyses the country's impact, measured by the pressures arising from the differences in the quality of governance of the three countries, and the impact of the type of industry on CSR disclosures. The results, based on a comprehensive content analysis of annual and CSR reports, provide evidence of the influence of the quality of governance and industry type on the disclosures of CSR information, albeit not in all its components.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2019.1697185","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46371123","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}
Graziela Fortunato, Nathalia Martins, Carlos de Lamare Bastian-Pinto
{"title":"Global Economic Factors and the Latin American Stock Markets","authors":"Graziela Fortunato, Nathalia Martins, Carlos de Lamare Bastian-Pinto","doi":"10.1080/10978526.2019.1665467","DOIUrl":"https://doi.org/10.1080/10978526.2019.1665467","url":null,"abstract":"Abstract This study aimed to analyze the structural dependence between the stock markets of the Latin American countries – Brazil, Chile, Colombia, Mexico, and Peru and the global stock market return and volatility, the commodity prices, and the US political-economic uncertainty from 1998 to 2017. We applied the quantile regression approach under different market circumstances and the results show that global stock market return and commodity prices are the most significant influencers in Latin America. These results are of interest to stakeholders, such as international investors and portfolio managers in the Latin American stock market, due to the market’s growing dynamism after integration into global financial markets and its role in investment diversification.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2019.1665467","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44871352","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}
A. Dias, Flávia Silva Monteiro Rossi, J. T. M. Silva, Marcos Antônio de Camargos, Julia Pinto De-Carvalho
{"title":"The Effects of Competitive Environment and Strategic Factors on US Firm Performance Before and After the Global Financial Crisis","authors":"A. Dias, Flávia Silva Monteiro Rossi, J. T. M. Silva, Marcos Antônio de Camargos, Julia Pinto De-Carvalho","doi":"10.1080/10978526.2019.1676648","DOIUrl":"https://doi.org/10.1080/10978526.2019.1676648","url":null,"abstract":"Abstract We developed a model that examines the effects of competitive environment, investment decisions, and competitive position on firm performance before and after the 2008 global financial crisis. As a result, we identified that, in the period before the crisis, firm performance was determined by both the competitive environment and as also by firm’s competitive position. Regarding the period after the crisis, firm performance was determined by both the competitive environment and firm competitive position, in combination with the effects of investment decisions.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2019.1676648","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45808393","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}
{"title":"International Diversification in Brazilian Equity Mutual Funds: Understanding Asset Allocation to Emerging and Developed Countries","authors":"Janaína Cássia Grossi, R. Malaquias","doi":"10.1080/10978526.2019.1661780","DOIUrl":"https://doi.org/10.1080/10978526.2019.1661780","url":null,"abstract":"Abstract The aim of this article is to investigate the relationship between mutual fund international diversification strategy in assets from emerging and developed markets, and fund performance and risk. From our data analysis we are able to sketch a panorama of the international diversification of mutual funds. Currently, diversification is low and concentrated in US stocks. The empirical finding suggests there are certain benefits to international diversification in terms of increased returns and reduced risk, especially for Brazilian mutual funds holding developed market stocks.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2019.1661780","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45989574","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}
Natália C. Dias, M. Avila, C. Campani, Flávia Schwartz Maranho
{"title":"The Heuristic of Representativeness and Overconfidence Bias in Entrepreneurs","authors":"Natália C. Dias, M. Avila, C. Campani, Flávia Schwartz Maranho","doi":"10.1080/10978526.2019.1656536","DOIUrl":"https://doi.org/10.1080/10978526.2019.1656536","url":null,"abstract":"Abstract This study investigated the existence of the representativeness heuristic and the manifestation of overconfidence in entrepreneurs. The use of representativeness and the manifestation of overconfidence were measured with an online questionnaire answered by 62 entrepreneurs; the results were compared to a control group of 63 business managers. The respondents were randomly chosen from the business network of a business incubator at the Federal University of Rio de Janeiro. The data were analyzed with statistical tests and their respective confidence curves. The results of the research indicate that entrepreneurs and business managers demonstrate representativeness and overconfidence in their judgment processes. No significant differences were identified, but the evidence was somewhat stronger in the group of entrepreneurs. The results of this study prompt reflections on the use of heuristics and biases in the judgment and decision-making processes regarding business creation and management. More specifically, angel investors and venture capitalists who consider the results of this research in their business models may improve their rates of success.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2019.1656536","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46636961","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}
Antoine Maillet, Bastián González-Bustamante, Alejandro Olivares L.
{"title":"Public-Private Circulation and the Revolving Door in the Chilean Executive Branch (2000–2014)","authors":"Antoine Maillet, Bastián González-Bustamante, Alejandro Olivares L.","doi":"10.1080/10978526.2019.1652099","DOIUrl":"https://doi.org/10.1080/10978526.2019.1652099","url":null,"abstract":"Abstract In the context of the global debate about the revolving door between private and public sectors, the case of Chile, a country in which the State has been considerably weakened, is of great interest. First, we describe the career paths of a universe of 386 individuals who held the posts of minister, undersecretary (vice-minister) and superintendent between 2000 and 2014. Then, we examine the determinants of traffic between the public and private spheres using mixed-effects logistic regression and a maximum likelihood logit model. Sex, professions of economist or lawyer, and private sector provenance are significant variables that increase the probabilities of transition from the private to the public sphere and subsequent return to the private world. The fact of being a political party member is significant but lessens the probability of circulation. This effect is different depending on the government and the type of position.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2019.1652099","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44756078","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}
Marcus Vinícius Amaral e Silva, Admir Antonio Betarelli Junior, Fernando Salgueiro Perobelli
{"title":"Socioeconomic Factors, Income Transfer Program, and the Presidential Election of 2014: Regional Voting Patterns in Brazil","authors":"Marcus Vinícius Amaral e Silva, Admir Antonio Betarelli Junior, Fernando Salgueiro Perobelli","doi":"10.1080/10978526.2019.1644181","DOIUrl":"https://doi.org/10.1080/10978526.2019.1644181","url":null,"abstract":"Abstract An academic debate underway has sought to understand geographical polarization in the Brazilian presidential election. Recent studies have analyzed the additive effects on regional voting behavior from an economic, social, and institutional perspective, sometimes including the income transfer program Bolsa Família. However, these dimensions potentially form multiple distinct configurations that lead to a high or low voting result (percentage). The aim of this paper is to identify these logical combinations and analyze them to shed light on the regional patterns that are most consistent with the in the 2014 presidential election. The main findings suggest that the logical combination of a high percentage of Bolsa Família beneficiaries and a low degree of economic development or unfavorable domicile, urban, and social conditions covers 83% of the cases. This regional pattern of logic configurations was consistent with the pattern of voting based on political party.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2019.1644181","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"59670312","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}