Academia-Revista Latinoamericana De Administracion最新文献

{"title":"Determinants of foreign exchange risk management in Latin American firms","authors":"César Augusto Giraldo-Prieto, Cristina de Fuentes, Francisco Sogorb-Mira","doi":"10.1108/arla-03-2019-0072","DOIUrl":"https://doi.org/10.1108/arla-03-2019-0072","url":null,"abstract":"The purpose of this paper is to identify whether Latin American (LA) firms are adopting any hedging strategy when designing foreign exchange risk (FXR) measures. To that end, the authors explore the impact of several drivers of FXR management.,The sample consists of 342 non-financial listed firms established in a group of representative countries of the LA region and covers the period from 2008 to 2016. Hypothesis testing is performed through a Logit model that measures the likelihood to adopt hedging practices. In addition, a Tobit test offers further insights into the derivatives users.,The authors corroborate capital structure-related hypotheses such as tax goals, financial distress, liquidity and growth opportunities. In addition, both ownership concentration and income tax payable seem to be negative and significant determinants of FXR coverage.,Results reported in this study are relevant for the LA region with high tradition in raw materials and commodities exports. The results show that LA firms still make limited use of derivatives and there is still much room for improvement. Hence, additional efforts to promote FXR hedging should be desirable, to meet authorities’ recommendations (OECD et al., 2007). Further research exploring corporate governance relationships and differences between large and small firms might be helpful.,Este estudio tiene como objetivo identificar si las empresas Latinoamericanas (LA) estan adoptando alguna estrategia de cobertura frente al riesgo de tipo de cambio (FXR). Para ello exploramos el impacto de varios determinantes de gestion de FXR.,La muestra esta formada por 342 empresas del sector no financiero de un grupo representativo de paises latinoamericanos y abarca el periodo 2008 a 2016. Para testar las hipotesis se aplican modelos Logit que miden la probabilidad de adoptar diferentes practicas de cobertura. Adicionalmente, los resultados de la aplicacion de un modelo Tobit ofrecen informacion extra sobre los usuarios de derivados.,Corroboramos las hipotesis relacionadas con la estructura de capital, tales como objetivos fiscales, dificultades financieras, liquidez y oportunidades de crecimiento. Ademas, tanto la concentracion de propiedad como los impuestos sobre la renta por pagar parecen ser determinantes negativos y significativos de la cobertura de FXR.,Los resultados reportados en este estudio son relevantes para la region Latinoamericana con una gran tradicion en exportaciones de materias primas y productos basicos. Nuestros resultados muestran que las empresas Latinoamericanas utilizan de manera limitada los derivados y todavia hay mucho por mejorar. Por lo tanto, es deseable la promocion de esfuerzos adicionales en cuanto a la cobertura de FXR para cumplir con las recomendaciones de las autoridades (OECD, 2007). Entre otras, serian de gran ayuda las investigaciones adicionales que exploren factores adicionales de Gobierno Corporativo (CG) asi como profundizar en las diferencias entre empresas grande","PeriodicalId":45515,"journal":{"name":"Academia-Revista Latinoamericana De Administracion","volume":"19 1","pages":"502-524"},"PeriodicalIF":1.2,"publicationDate":"2019-11-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85323268","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Thinking Styles, Gender and Decision Making in Latin American management: A Comparative Study with the USA","authors":"Camelia Ilie, Guillermo Cardoza","doi":"10.1108/ARLA-04-2017-0093","DOIUrl":"https://doi.org/10.1108/ARLA-04-2017-0093","url":null,"abstract":"Purpose \u0000 \u0000 \u0000 \u0000 \u0000Many studies have analyzed how gender diversity and local culture condition the cognitive styles of managers and affect decision-making processes in organizations. Gender diversity has been defended from an equality perspective; it has been argued to improve decision-making processes and to have a positive impact on companies’ return on investment. The purpose of this paper is to analyze the differences between the thinking styles of men and women, in Latin America and the USA that support decision-making processes. An argument is given in favor of gender diversity in management teams, because of its positive implications in decision making. \u0000 \u0000 \u0000 \u0000 \u0000Design/methodology/approach \u0000 \u0000 \u0000 \u0000 \u0000The measurement instrument used was the Neethling Brain Instrument, developed based on recent neuroscience discovery. The sample comprised 1,216 executives from the USA and several countries in Latin America and the Caribbean, who have participated in executive training programs. \u0000 \u0000 \u0000 \u0000 \u0000Findings \u0000 \u0000 \u0000 \u0000 \u0000The results show differences in thinking styles by gender, but no differences were found in thinking styles or decision making between men and women at the same managerial level in either of the two regions. Similarly, results suggest that executives in the USA tend to base their management models on strategic thinking styles that focus on interpersonal relations and involve risk taking, while executives in Latin American countries tend to prefer thinking and management styles focusing on data analysis, execution, planning, and process control. \u0000 \u0000 \u0000 \u0000 \u0000Originality/value \u0000 \u0000 \u0000 \u0000 \u0000The results of the present study show that, in all regions, men score higher in rational thinking styles associated with the cortical areas, while women gravitate toward thinking styles where emotional schemes prevail, related to subcortical areas. These results could be useful for organizational leaders in charge of allocating roles and tasks to people, based on their thinking style strengths. The results can also be very valuable for Latin American organizations to design specific training and development programs for men and women accordingly with their individual needs and their managerial roles. They can also support the argument that diverse gender teams will guarantee complete decision-making processes.","PeriodicalId":45515,"journal":{"name":"Academia-Revista Latinoamericana De Administracion","volume":"23 1","pages":"29-42"},"PeriodicalIF":1.2,"publicationDate":"2018-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82349179","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Women on boards of directors in Latin America: building a model","authors":"L. Heller, Patricia Gabaldón","doi":"10.1108/ARLA-04-2017-0112","DOIUrl":"https://doi.org/10.1108/ARLA-04-2017-0112","url":null,"abstract":"Through an analysis of 15 Latin American countries, the purpose of this paper is to explore the importance of several institutional variables (economic, regulatory, and cultural), which affect women’s careers towards being members of boards of directors in the region.,Based on primary and secondary information, the authors carry out multivariate analyses to understand the institutional reasons affecting the reduced presence of women on boards of directors in the region.,Their findings reveal differences within the region, the importance of protecting women’s professional careers in the labour market, and the effect of cultural dimensions, such as masculinity and power distance.,The analysis provides an updated cross-section of the institutional and cultural conditions of the 15 countries, considering the limitations to developing data in the region.,Latin America has witnessed important changes in the dynamics of the labour market over recent decades: women’s participation in the labour force is on the increase, and corporate strategy is evolving towards the incorporation of practices and initiatives to manage the diversity of their talents. However, the presence of women in leadership positions is a pending subject. This study, in part, reveals the institutional origin of gender inequality on boards of directors in the region. The analysis provides essential tools for public policy and for companies to help promote female leadership in the region.,Recent debate and research on the scarce participation of women on corporative boards of directors have revealed a growing interest in analysing the causes of such issues despite the progress recorded in terms of gender equity in most societies. Studies on the topic in Latin America are scarce and the aim of this paper is to help to fill part of this gap.,El presente trabajo explora en quince paises de America Latina la importancia de distintas variables institucionales (economicas regulatorias y culturales) que afectan a las carreras de las mujeres hacia los consejos de administracion en la region.,A partir de informacion primaria y secundaria, los autores desarrollan diversos analisis multivariantes para entender las razones institucionales que afectan tras la reducida presencia de mujeres en los consejos de la region.,Los resultados de los analisis realizados muestran las diferencias dentro de la region asi como la importancia de de analizar las carreras profesionales de las mujeres en el mercado de trabajo y el efecto de las dimensiones culturales como la masculinidad y la distancia al poder.,El analisis muestra un corte transversal de la realidad institutional y cultural de los 15 paises lo mas actual posible, teniendo en cuenta las limitaciones en el desarrollo de datos en la region.,En America Latina, se han producido cambios importantes en la dinamica del mercado laboral en las ultimas decadas: las tasas de participacion de mujeres en la fuerza de trabajo estan en aumento y las estrategias empr","PeriodicalId":45515,"journal":{"name":"Academia-Revista Latinoamericana De Administracion","volume":"102 1","pages":"43-72"},"PeriodicalIF":1.2,"publicationDate":"2018-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76162268","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Foreign exchange exposure in Latin America: evidence for Spanish firms","authors":"María Milagros Vivel-Búa, Rubén Lado-Sestayo","doi":"10.1108/ARLA-04-2017-0130","DOIUrl":"https://doi.org/10.1108/ARLA-04-2017-0130","url":null,"abstract":"The purpose of this paper is to analyse the Spanish business sector’s economic exposure to currency risk in Latin America between 2010 and 2016, testing the effectiveness of hedging with derivatives for the reduction of this risk.,Economic exposure is tested with the Jorion model (1990) using both a currency basket and an individualised analysis for the main currencies sustaining business activities between Spain and Latin America: the Mexican peso, Brazilian real, Argentine peso, Chilean peso, and Colombian peso. For the hedging analysis, dynamic panel data models were estimated using a generalised method of moments.,The results reveal that the number of firms with significant economic exposure is sensitive to the temporal frequency of the observations. The evidence denotes that the firms’ export profile is predominant, both when considering a basket of Latin American currencies and when individually considering the five main pairs of currencies. The only exception is the Argentine peso, where firms’ import profile is slightly higher. The Chilean peso stands out as the currency with the greatest number of firms with significant exposure.,This work provides unpublished evidence on economic exposure to currency risk in Latin America in a recent period characterised by two main aspects: an important devaluation of some Latin American currencies with respect to the euro; and an enhancement of Spanish business activities in the region to favour growth during the recent recession of the Spanish economy.,este trabajo analiza la exposicion economica al riesgo cambiario en Latinoamerica por parte del sector empresarial espanol entre 2010 y 2016. Asimismo, evalua la efectividad de la cobertura con productos derivados en su reduccion.,la exposicion economica es estimada a traves del modelo de Jorion (1990), utilizando tanto una cesta de divisas como un analisis individualizado para las principales divisas que sustentan la actividad entre Espana y Latinoamerica, a saber, Peso mexicano, Real brasileno, Peso argentino, Peso chileno, y Peso colombiano. Respecto al analisis de la cobertura, se estiman modelos dinamicos con datos de panel a traves del metodo generalizado de momentos.,los resultados muestran que el numero de empresas con exposicion economica significativa es sensible a la frecuencia temporal de las observaciones. Asimismo, la evidencia denota que el perfil exportador de las empresas es mayoritario, tanto al considerar una cesta de divisas latinoamericanas como, individualmente, los cinco principales pares de divisas. La unica excepcion es el peso argentino, donde el perfil importador de las empresas es levemente superior. Asimismo, el peso chileno destaca como la divisa con mayor numero de empresas con exposicion significativa.,este trabajo aporta evidencia inedita sobre la exposicion economica al riesgo cambiario en Latinoamerica en un periodo reciente caracterizado por dos aspectos principales: i) una importante depreciacion de algunas divisas ","PeriodicalId":45515,"journal":{"name":"Academia-Revista Latinoamericana De Administracion","volume":"57 1","pages":"212-238"},"PeriodicalIF":1.2,"publicationDate":"2018-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77655296","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The association between board gender diversity and financial reporting quality, corporate performance and corporate social responsibility disclosure: A literature review","authors":"M. Pucheta‐Martínez, Inmaculada Bel‐Oms, Gustau Olcina‐Sempere","doi":"10.1108/ARLA-04-2017-0110","DOIUrl":"https://doi.org/10.1108/ARLA-04-2017-0110","url":null,"abstract":"Purpose Companies, politicians, the mass media, legislators, scholars and society in general have shown a growing interest in how board gender diversity affects a firm’s decisions. This fact has been developed because some nations have introduced voluntary policies to regulate and increase the proportion of female directors on corporate boards. Thus, the aim of this study is to review previous research based on board gender diversity as a corporate governance mechanism and its effect on some firms’ business decisions. We focus on agency and stakeholder theory to examine the link between female directors on boards and financial reporting quality, corporate social responsibility disclosure and firm performance. We also provide future lines of research, according to the findings of previous research. Design/methodology/approach In this study we used a descriptive methodology. Findings Our findings show the effect of board gender diversity on financial reporting quality, firm performance and corporate social ...","PeriodicalId":45515,"journal":{"name":"Academia-Revista Latinoamericana De Administracion","volume":"27 1","pages":"177-194"},"PeriodicalIF":1.2,"publicationDate":"2018-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73085285","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Creative citizenship: the new wave for collaborative environments in smart cities","authors":"M. Bolívar","doi":"10.1108/ARLA-04-2017-0133","DOIUrl":"https://doi.org/10.1108/ARLA-04-2017-0133","url":null,"abstract":"This paper is framed under the relevance of collaborative governance models in smart cities that are members of the EUROCITIES network and are involved in a working group about “creative citizenship” and seeks to analyse the use of new technologies by city governments in smart cities with the aim at improving e-participation of the citizenry in the public arena. The paper aims to discuss these issues.,This research is based on two data collection methods. First, this paper performs an e-survey sent to leading European smart cities about the relevance of collaborative governance in strategies of cities, about the main pillars and outcomes of smart governance and about the model of participation in developing a smart city. Second, an examination of 47 local governments of smart cities included in the working group of “creative citizenship” in the EUROCITIES network is performed during March 2017 with the specific purpose of collecting data about smart technologies used for e-participation.,Sample smart cities believe that collaborative governance is necessary to be implemented in public sector management under the smart environment but less than 50 per cent of them have created citizen participation platforms to promote citizen involvement in public affairs and only a few of them promote online public consultations, discussions and petitions. Also, there are differences in perceptions and in e-participation tools used by sample smart cities in accordance with the administrative culture of the country in which these cities are located.,This paper contributes to fill the gap in the analysis of the relevance of collaborative governance models in smart cities and the use in these cities of transparency websites, open data projects or e-participation platforms to promote citizen involvement in the public affairs of the city.,Este articulo se enmarca dentro del estudio de los modelos de gobernanza colaborativa en las ciudades inteligentes y analiza aquellas que son miembros de la red EUROCITIES y, ademas, participan en un grupo de trabajo sobre \"ciudadania creativa\", buscando analizar el uso de las nuevas tecnologias por parte de los gobiernos de estas ciudades inteligentes con el objetivo de mejorar la e-participacion publica.,Esta investigacion se basa en dos metodos de recopilacion de datos. En primer lugar, este documento realiza una encuesta electronica enviada a las principales ciudades inteligentes europeas sobre: a) la relevancia de la gobernanza colaborativa en las estrategias de las ciudades; b) los principales fundamentos y resultados de la gobernanza inteligente; y c) el modelo de participacion en el desarrollo de una ciudad inteligente. En segundo lugar, este trabajo realiza, a fecha de mayo de 2017, un analisis de las nuevas tecnologias utilizadas por 47 gobiernos locales de estas ciudades inteligentes (aquellas incluidas en el grupo de trabajo de \"ciudadania creativa\" en la red EUROCITIES) para facilitar la participacion electronica de la ","PeriodicalId":45515,"journal":{"name":"Academia-Revista Latinoamericana De Administracion","volume":"1 1","pages":"277-302"},"PeriodicalIF":1.2,"publicationDate":"2018-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86420197","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Spanish women’s career inhibitors: 2007-2017","authors":"Celia de Anca, S. Aragon","doi":"10.1108/ARLA-04-2017-0118","DOIUrl":"https://doi.org/10.1108/ARLA-04-2017-0118","url":null,"abstract":"The purpose of this paper is to explore inhibitors preventing Spanish women from attaining positions of leadership.,Using a qualitative approach based on focus groups and structured personal interviews on 42 Spanish male and female executives, the study tests the main gender normative expectations applicable to specific work and personal roles.,The findings suggest that there is a significant consensus about the existence of traditional and emerging models. Research also suggests there are still clear gaps between traditional and emerging roles that are easily identified and recognized. Contrary to expectations, the research suggests there is no a clear model of emerging gender roles, and instead considerable diversity in the construction of individual aspirational models.,This is a first exploratory research limited to a reduced sample in the Spanish context. To confirm the findings, the research will benefit from a quantitative approach based on larger samples. Moreover, additional surveys in different cultural contexts will provide a broader understanding of the proposed research questions.,The gender gap framework can enable policy makers to correctly diagnose the barriers women face in their professional lives and to come up with efficient instruments to correct existing inequalities.,The principal contribution of this paper is that it provides important insights into traditional and aspirational gender gaps that constitute one important internal barrier for women’s development.,El objetivo de este articulo es explorar los inhibidores que impiden a la mujer profesional espanola alcanzar puestos de liderazgo.,El articulo utiliza un enfoque cualitativo, basado en grupos enfocados y entrevistas personales estructuradas a 42 ejecutivos espanoles, hombres y mujeres, con el proposito de examinar las principales expectativas normativas de genero correspondientes a funciones y comportamientos especificos en el trabajo y en la vida personal.,Los resultados apuntan a un significativo consenso sobre la existencia de modelos tradicionales y emergentes. La investigacion asimismo comprueba la clara existencia de brechas de roles de genero tradicionales y emergentes que pueden facilmente reconocerse e identificarse. Contrariamente a lo esperado, los resultados de la investigacion indican que no existe un modelo claro de roles de genero emergente, sino que existe una considerable diversidad en la construccion de modelos individuales aspiracionales.,El presente articulo es una primera investigacion exploratoria limitada a una muestra reducida en el contexto espanol. Ayudaria a confirmar los resultados, un enfoque cuantitativo basado en muestras mas amplias. Por otra parte, encuestas adicionales en otros contextos culturales proporcionaria una mejor y mas amplia comprension de las cuestiones objeto de la investigacion.,El marco de brecha de genero, que introduce esta investigacion, puede ayudar a los responsables politicos, a diagnosticar correctamente alguna","PeriodicalId":45515,"journal":{"name":"Academia-Revista Latinoamericana De Administracion","volume":"65 1","pages":"73-90"},"PeriodicalIF":1.2,"publicationDate":"2018-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85397835","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Corporate governance and firm performance in Latin America: a meta-analysis","authors":"Flávia Schwartz Maranho, R. P. Leal","doi":"10.1108/ARLA-04-2017-0126","DOIUrl":"https://doi.org/10.1108/ARLA-04-2017-0126","url":null,"abstract":"The relationship between the role played by corporate governance (CG) mechanisms and shareholder wealth is an important and mature topic in some countries and regions. However, despite the considerable number of studies, the results are still inconclusive. The purpose of this paper is to contribute to the debate around the theme in Latin America through a meta-analysis.,The study used meta-analytic procedures to review 42 articles produced by researchers from Latin American countries, whose samples were composed of Latin American firms.,The results suggest that CG best practices are associated with better Latin American firm performance. The evidence also suggests that results are moderated by the characteristics of boards of directors, the ownership, and control structure and various simultaneous CG mechanisms, through broad indices and special CG trading segments.,The relationship between GC and firm performance possesses certain peculiarities in the case of Latin American countries and the literature on the region is certainly not as abundant and mature. As most of the articles reviewed were written in Portuguese and Spanish and published in local journals, the consolidation produced should also be useful for researchers throughout the world by enabling them to access their ideas.,A relacao entre o papel desempenhado pelos mecanismos de governanca corporativa (GC) e a riqueza dos acionistas e um topico importante e maduro em alguns paises e regioes. No entanto, os resultados ainda se apresentam ambiguos, apesar do grande numero de estudos. Este ensaio pretende contribuir para o debate do tema na regiao atraves de uma meta analise.,O trabalho fez uso de procedimentos meta-analiticos para revisar 42 artigos produzidos por pesquisadores da regiao e de outras localidades, cujas amostras sao compostas por empresas de paises da America Latina.,Os resultados sugerem que de forma geral melhores praticas de GC sao associadas a um melhor desempenho das empresas latino-americanas. Este trabalho sugere tambem que os resultados encontrados sao moderados pelas caracteristicas dos conselhos de administracao, da estrutura de propriedade e controle e de diversos mecanismos simultâneos de GC, como indices amplos e segmentos especiais de GC.,Esta relacao possui peculiaridades quando se tratam de paises latino-americanos e a literatura sobre a regiao certamente nao se apresenta tao abundante e madura. Acredita-se que a consolidacao produzida sera util para pesquisadores ao redor do mundo, uma vez que a maioria dos artigos revisados foi escrita em portugues ou espanhol e publicada em periodicos locais, o que nao a torna acessivel a todos.","PeriodicalId":45515,"journal":{"name":"Academia-Revista Latinoamericana De Administracion","volume":"26 1","pages":"195-211"},"PeriodicalIF":1.2,"publicationDate":"2018-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80211211","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Thirty years of the Academic Journal (ARLA)","authors":"E. Ogliastri, C. Pombo, Elvira Salgado","doi":"10.1108/ARLA-01-2018-0004","DOIUrl":"https://doi.org/10.1108/ARLA-01-2018-0004","url":null,"abstract":"The purpose of this paper is to introduce the anniversary issue marking 30 years of academic publication.,This anniversary issue contains 12 articles from 11 countries and 17 academic institutions which present literature reviews, meta-analyses, and novel studies. It also contains testimonials about the history of the journal from Enrique Ogliastri (Editor and/or Director between 1998 and 2018), Elvira Salgado (Editor between 2002 and 2013), and Carlos Pombo (Chief Editor, 2013 to the present).,The history of the journal may be divided into five stages: first, the foundation at the Universidad de Chile (1988-1998); second, the move to the Universidad de los Andes (Bogota) and the preparation of a proposal to the Institute of Scientific Information (ISI) for inclusion among the scientific journals of the world (1999-2004); third, a period of consolidation in Latin America (2004-2007); fourth, the acceptance of the journal in ISI and the development of an electronic platform with free access to the journal (2008-2013); and fifth, the entry of the Emerald group as editorial partner (2013-2018).,The 12 articles present literature reviews, meta-analyzes, and novel studies.,El proposito de este editorial es presentar el tema del aniversario.,Se publican doce articulos provenientes de once paises y 17 instituciones academicas. Se presentan los testimonios de Enrique Ogliastri (editor y/o director entre 1998 y 2018), Elvira Salgado (Editora entre 2002 y 2013), y Carlos Pombo (jefe editorial 2013-2018).,Se publican doce articulos provenientes de once paises y 17 instituciones academicas. Se presentan los testimonios de Enrique Ogliastri (editor y/o director entre 1998 y 2018), Elvira Salgado (Editora entre 2002 y 2013), y Carlos Pombo (jefe editorial 2013-2018). La historia de la revista de CLADEA se podria dividir en cinco etapas: la fundacion en la Universidad de Chile (1988-1998); paso a cargo de la Universidad de los Andes (Bogota), un periodo de puesta a punto para presentar al Institute of Scientific Information (ISI) la solicitud de ser analizada e incluida entre las revistas cientificas del mundo (1999-2004); el periodo de consolidacion en America Latina (2004-2007); la aceptacion en ISI y el desarrollo de una plataforma electronica de acceso libre a la revista (2008-2013); y el ingreso del grupo Emerald como socio editorial (2013-2018).,Los 12 articulos presentan revisiones de literatura, metanalisis y estudios novedosos","PeriodicalId":45515,"journal":{"name":"Academia-Revista Latinoamericana De Administracion","volume":"358 1","pages":"2-28"},"PeriodicalIF":1.2,"publicationDate":"2018-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76923316","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Who wants to be an angel investor? The characteristics of the high net worth individuals in the Chilean resource periphery","authors":"G. Romaní, Miguel Atienza, Felipe Campos, Pablo Bahamondes, Rodrigo J. Hernandez","doi":"10.1108/ARLA-02-2017-0041","DOIUrl":"https://doi.org/10.1108/ARLA-02-2017-0041","url":null,"abstract":"The purpose of this paper is to identify and analyse the characteristics of high net worth individuals (HNWI) as potential angel investor in Antofagasta, the main mining resource periphery in Chile.,Using the resource periphery approach and angel investing, the authors apply a survey to a sample of 37 HNWI in this region. The data collected were analysed using descriptive statistics.,Descriptive results show that the characteristics of these individuals do not significantly differ from those exhibited by angel investors in developed countries and that HNWI show a relative high willingness to become angels and to form a network.,This paper has some limitations regarding the size and scope of the sample. It is a relatively short sample that does not allow to make more sophisticated analysis and it is only regional and, therefore, it is not possible to make a comparison at a national level.,From the perspective the design of policies and programmes oriented towards the promotion of a high potential start-ups in resources peripheries, it is essential to know what the characteristics of HNWI are and their propensity to become angel investors.,Research on angel investment has been traditionally based on the experience of core regions in developed countries. This type of funding source, however, can play a significant role in the promotion of development and diversification in resource peripheries due to the limited access that these areas have to traditional capital funds and the orientation of angel investment towards innovative ventures, but studies from this perspective are very scarce. In this sense, this paper is pioneer in this topic in peripheral regions.,El objetivo de este articulo es identificar y analizar las caracteristicas de las personas con alto patrimonio neto como potenciales inversionistas angeles en Antofagasta, la principal fuente de recursos minerales en la periferia de Chile.,A traves del enfoque de las periferias de los recursos naturales y la inversion angel, se aplico una encuesta a una muestra de 37 personas con alto patrimonio neto en esta region. La informacion recogida fue analizada usando estadistica descriptiva.,Los resultados muestran que las caracteristicas de estas personas no difieren significativamente de los inversionistas angeles en paises desarrollados y muestran un fuerte deseo de ser inversionistas angeles y formar una red.,Este articulo presenta algunas limitaciones en relacion al tamano y el alcance de la muestra. Es una muestra relativamente pequena y no permite realizar analisis mas sofisticados y es solo a nivel regional y, por lo tanto, no es posible comparar a nivel nacional.,Desde la perspectiva del diseno de politicas publicas y programas orientadas a la promocion de empresas de alto potencial de crecimiento en las periferias de recursos naturales, es esencial conocer las caracteristicas de las personas con alto patrimonio neto y su propension a convertirse en inversionistas angeles.,La investigacion so","PeriodicalId":45515,"journal":{"name":"Academia-Revista Latinoamericana De Administracion","volume":"94 1","pages":"136-155"},"PeriodicalIF":1.2,"publicationDate":"2018-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83829290","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}