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Article
Publication date: 25 April 2023

Marcelo Castro, Alvaro Reyes Duarte, Andrés Villegas and Luis Chanci

The aim of this study is to estimate the technical efficiency of the massive and economically important crop of rice in Ecuador, and then conduct a comparison between groups of…

336

Abstract

Purpose

The aim of this study is to estimate the technical efficiency of the massive and economically important crop of rice in Ecuador, and then conduct a comparison between groups of farmers with and without insurance.

Design/methodology/approach

The authors use an input-oriented data envelopment analysis approach (DEA) to estimate technical efficiency scores. The DEA is combined with the double bootstrap approach in Simar and Wilson (2007) to study factors that may affect technical efficiency. This method overcomes the traditional two-stage DEA approach frequently used in the efficiency literature. The authors thus research the role of insurance on rice efficiency production using this technique and sizeable field-level survey data from 376 rice farmers distributed in five provinces during the 2019 winter cycle in Ecuador.

Findings

Most uninsured rice farmers operate with increasing returns to scale, which means that farms improve their resource use efficiency by increasing their size. However, since scale efficiencies are relatively high, it appears that inefficiencies are explained by inadequate input use. Also, the authors find evidence that insured farmers have a negative relationship with technical efficiency in rice production. In other results, when exploring the influence of additional variables on efficiency, the authors find that parameters related to transplanting, high education, farm size and some locations are positive and statistically significant.

Social implications

The results of this work are relevant for policymakers interested in evaluating technology performance, risk management instruments and farm efficiency in an industry in a developing country such as rice production in Ecuador.

Originality/value

This paper is the first attempt to estimate farm-level technical efficiency employing the double bootstrap approach to assess the efficiency and its determinants of Ecuadorian rice producers.

Details

Agricultural Finance Review, vol. 83 no. 3
Type: Research Article
ISSN: 0002-1466

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Article
Publication date: 11 July 2024

Alvaro Reyes Duarte, Carlos J.O. Trejo-Pech, Andrés Villegas and Roselia Servín-Juárez

The design of effective policies that increase access to agricultural credit should consider understanding credit constraint farmers’ groups and their response to changes in the…

82

Abstract

Purpose

The design of effective policies that increase access to agricultural credit should consider understanding credit constraint farmers’ groups and their response to changes in the credit conditions. To contribute to this understanding, this study surveyed farmers from Chile and classified them into five credit constraint categories discussed in credit literature. In addition, these farmers indicated how they would react to a series of hypothetical conditions related to changing interest rates, loan maturity and grace periods. Their responses were employed to measure credit demand scores (i.e. relative elasticities). Regression tests evaluated how different types of farmers reacted to changing credit conditions.

Design/methodology/approach

Farmers from Chile were surveyed using a mix of random and convenience sampling. Surveyed farmers were classified into five credit constraint categories proposed by previous research. Farmers rated their demand for credit on a five-point Likert-type scale for hypothetical changes in interest rates, loan maturities and grace periods. Their responses were employed to measure credit demand scores or relative credit elasticities. The study evaluated credit elasticity as a function of farmers’ credit constraint and some control variables using several regressions, including OLS, ordered probit and hierarchical regression.

Findings

The study identified 44% unconstrained nonborrowing farmers, 23% unconstrained borrowers, 14% quantity-constrained, 16% risk-constrained and 3% transaction cost-constrained farmers. Unconstrained borrowers and quantity-constrained farmers responded most to changing interest rates and loan maturity conditions. In addition, unconstrained nonborrowers and risk-constrained farmers were statistically less sensitive to changes in credit conditions than unconstrained borrowers. This finding is significant because, as discussed, unconstrained nonborrowers represent 44% of our sample. Furthermore, risk-constrained farmers were the least sensitive to changes in interest rates and loan maturity across all other credit categories.

Practical implications

This study gives insights that can guide agribusiness policies to enhance access to credit in developing countries such as Chile. Agricultural credit capital institutions can better target their clientele by identifying farmers’ possible reactions before implementing policy changes to increase access to credit. This study’s credit constraint categorization and the results discussed can guide that identification. For instance, policies directed toward unconstrained borrowing farmers may find positive responses. However, implementing policies targeting the other three groups (unconstrained nonborrowing, risk-constrained and transaction cost-constrained farmers) is more challenging because these farmers are less responsive to changing credit conditions.

Originality/value

This article correlates farmers’ propensity to borrow and credit constraints across five categories of farmers. Prior research using this categorization framework has not identified farmers into the five groups. Furthermore, in addition to interest rate and loan maturity credit demand relative elasticity, this study adds the grace period elasticity, which has not been included in previous studies on agricultural credit.

Details

Agricultural Finance Review, vol. 84 no. 2/3
Type: Research Article
ISSN: 0002-1466

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Article
Publication date: 24 December 2024

Rebeca Martín-Díez, María Saiz-Santos and Andrés Araujo

This paper aims to explore the application of the National Expert Survey (NES) methodology in the circular economy, validating the model in the industrial ecosystem of the Basque…

28

Abstract

Purpose

This paper aims to explore the application of the National Expert Survey (NES) methodology in the circular economy, validating the model in the industrial ecosystem of the Basque Country to identify the challenges faced by the entrepreneurial ecosystem in the machine tool industry and to promote circular entrepreneurship.

Design/methodology/approach

This study uses the NES methodology, a globally recognized qualitative tool for gathering expert opinions. This methodology is adapted to the context of industrial circular entrepreneurship, ensuring that the constructs are relevant to the circular economy.

Findings

This study validates and expands the application of the NES model in the context of industrial circular entrepreneurship, providing a robust theoretical framework to evaluate the circular entrepreneurial ecosystem. The suitability of the Basque Country context, with its industrial legacy and cultural identity, has been key to this validation.

Practical implications

Concrete recommendations are provided to improve education, government intervention and financial conditions, highlighting key areas that facilitate the transition to sustainable business models and promote innovation and collaboration in the circular economy.

Originality/value

A new model is proposed, pioneering the validation of the NES methodology in industrial circular entrepreneurship and providing a specific tool to evaluate environmental factors in the Basque industry. The adaptation of the NES model offers a solid foundation for future research and applications. The model aids in decision-making, and its use has a social impact.

Objetivo

Este artículo explora la aplicación de la metodología NES en la economía circular, validando el modelo en el ecosistema industrial del País Vasco para identificar los desafíos que enfrenta el ecosistema emprendedor en la industria de la máquina herramienta y propone un modelo original para medir y promover el emprendimiento circular industrial. El modelo ha sido validado en el ecosistema industrial vasco, un contexto de referencia para la actividad y política industrial. Útil para la industria, la política y el ámbito académico, el modelo identifica factores favorables y áreas que requieren atención en el emprendimiento circular industrial.

Diseño/metodología/enfoque

El estudio utiliza la metodología NES, una herramienta cualitativa reconocida a nivel mundial para recopilar opiniones de expertos. Esta metodología se adapta al contexto del emprendimiento circular industrial, asegurando que los constructos sean relevantes para la economía circular. La metodología es clave para el estudio, ya que se ha diseñado una herramienta original basada en la metodología NES, ampliamente probada y validada, y específicamente adaptada para el emprendimiento circular industrial.

Resultados

El estudio valida y amplía la aplicación del modelo NES en el contexto del emprendimiento circular industrial, proporcionando un marco teórico robusto para evaluar el ecosistema emprendedor circular. La idoneidad del contexto del País Vasco, con su legado industrial e identidad cultural, ha sido clave para esta validación. Al abordar la notable falta de investigación sobre la economía circular desde la perspectiva del emprendimiento industrial, este artículo se presenta como una contribución particularmente valiosa.

Originalidad/valor

Se propone un nuevo modelo, pionero en la validación de la metodología NES en el emprendimiento circular industrial, proporcionando una herramienta específica para evaluar factores ambientales en la industria vasca. La adaptación del modelo NES ofrece una base sólida para futuras investigaciones y aplicaciones. El modelo ayuda en la toma de decisiones y su uso tiene un impacto social.

Implicaciones prácticas

Se ofrecen recomendaciones concretas para mejorar la educación, la intervención gubernamental y las condiciones financieras, destacando áreas clave que facilitan la transición hacia modelos de negocio sostenibles y promueven la innovación y la colaboración en la economía circular.

Objetivo

Este artigo explora a aplicação da metodologia NES na economia circular, validando o modelo no ecossistema industrial do País Basco para identificar os desafios enfrentados pelo ecossistema empreendedor na indústria de máquinas-ferramenta e propõe um modelo original para medir e promover o empreendedorismo circular industrial. O modelo foi validado no ecossistema industrial basco, um contexto de referência para a atividade e política industrial. Útil para a indústria, políticas públicas e o meio acadêmico, o modelo identifica fatores favoráveis e áreas que requerem atenção no empreendedorismo circular industrial.

Design/metodologia/abordagem

O estudo utiliza a metodologia NES, uma ferramenta qualitativa reconhecida mundialmente para a coleta de opiniões de especialistas. Esta metodologia é adaptada ao contexto do empreendedorismo circular industrial, garantindo que os constructos sejam relevantes para a economia circular. A metodologia é fundamental para o estudo, uma vez que foi desenvolvida uma ferramenta original baseada na metodologia NES, amplamente testada e validada, e especificamente adaptada para o empreendedorismo circular industrial.

Resultados

O estudo valida e expande a aplicação do modelo NES no contexto do empreendedorismo circular industrial, proporcionando um marco teórico robusto para avaliar o ecossistema empreendedor circular. A adequação do contexto do País Basco, com seu legado industrial e identidade cultural, foi essencial para esta validação. Ao abordar a notável falta de pesquisa sobre a economia circular a partir da perspectiva do empreendedorismo industrial, este artigo se apresenta como uma contribuição particularmente valiosa.

Originalidade

Propõe-se um novo modelo, pioneiro na validação da metodologia NES no empreendedorismo circular industrial, fornecendo uma ferramenta específica para avaliar fatores ambientais na indústria basca. A adaptação do modelo NES oferece uma base sólida para futuras pesquisas e aplicações. O modelo auxilia na tomada de decisões e seu uso tem um impacto social.

Implicações práticas

São fornecidas recomendações concretas para melhorar a educação, a intervenção governamental e as condições financeiras, destacando áreas-chave que facilitam a transição para modelos de negócios sustentáveis e promovem a inovação e a colaboração na economia circular.

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Book part
Publication date: 26 November 2020

Carlos M. Cervantes and Langston Clark

Given their history of preparing African Americans, ethnic minorities, and first-generation college students for careers in education, the culture and traditions of Historically…

Abstract

Given their history of preparing African Americans, ethnic minorities, and first-generation college students for careers in education, the culture and traditions of Historically Black Colleges and Universities (HBCU) can provide insight into the preparation of diverse physical educators for the cultural, linguistic, and ethnic diversity in today’s American K-12 schools. As such, this chapter will present practical findings from an ethnographic study of a historically Black urban Physical Education Teacher Education (PETE) program with a large native Spanish-speaking population. Specifically, we focus on the concepts of cultural sustainment and code-switching as strategies used by teacher educators to promote bilingualism and biculturalism. To achieve this, we highlight the relationship among institutional, programmatic, and classroom cultures for the cultural ­sustainment and development of preservice physical educators. According to Paris (2012), culturally sustaining pedagogy seeks to perpetuate and foster linguistic, literate, and cultural pluralism as part of the democratic project of schooling. We conclude with strategies on how to successfully work with culturally diverse college students, promoting bilingual and biculturalism through cultural sustainment and code-switching.

Details

Technology-enhanced Learning and Linguistic Diversity: Strategies and Approaches to Teaching Students in a 2nd or 3rd Language
Type: Book
ISBN: 978-1-83982-128-8

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Book part
Publication date: 27 January 2022

Carlos Felipe Múnera-Alzate, Arley Pino-Villegas and Andrés Marcelo Romero-Soto

The coronavirus disease of 2019 (COVID-19) generated a crisis; however, it also gave us an opportunity to imagine the future and build a better world. Moreover, as we are…

Abstract

The coronavirus disease of 2019 (COVID-19) generated a crisis; however, it also gave us an opportunity to imagine the future and build a better world. Moreover, as we are convinced of the importance of understanding the lessons of history when facing both current and future challenges, this chapter seeks to present a concise overview of global crises since the end of the nineteenth century and to show crises for which we ignored the warning signs and wakeup calls, the consequences of said crises and how we managed to recover and thrive in several cases. Ultimately, we seek to justify the capacity of humanity to build a sustainable future – ideally, a regenerative future.

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Book part
Publication date: 28 January 2022

Bitouloulou Christopher Jivot

The geopolitical phenomenon commonly known as ‘France-Africa’ (Gourévitch 1997) is the fruit of the historical and political relations that France as a colonizing power has…

Abstract

The geopolitical phenomenon commonly known as ‘France-Africa’ (Gourévitch 1997) is the fruit of the historical and political relations that France as a colonizing power has maintained and continues to maintain to this day with its former colonies in Africa. Before the colonial period, Africa was originally made up of autonomous political entities (states).1 The current mapping of African states is the result of the European political will expressed at the Berlin Conference held from 15 November 1884 to 26 February 1885.2

Details

The Impact of Foreign Interventions on Democracy and Human Rights
Type: Book
ISBN: 978-1-80117-341-4

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Article
Publication date: 25 October 2021

Cong Duc Tran, Tin Trung Nguyen and Jo-Yu Wang

Corporate governance plays a critical role in solving agency problems. However, previous findings on how governance mechanisms lead to high firm performance are inconclusive…

391

Abstract

Purpose

Corporate governance plays a critical role in solving agency problems. However, previous findings on how governance mechanisms lead to high firm performance are inconclusive. Additionally, this relationship has not been well addressed in the context of transitional countries where governance systems and mechanisms are weak, leaving a gap for research. Hence, this study aims to shed light on the effects of four key governance components, namely, ownership concentration, chief executive officer duality, board size and gender diversity, on firm performance.

Design/methodology/approach

This study reports on the econometric panel data analysis and fuzzy-set qualitative comparative analysis (fsQCA) of 1,424 firm-year observations from listed companies in Vietnam covering the period of 2010–2017.

Findings

The econometric panel data analysis confirmed the net effects of single solitary governance components. FsQCA revealed equifinal configurations of components that explain high firm market- and accounting-based performance.

Practical implications

These findings are relevant for firms in transitional and emerging markets, aiming to adopt the most suitable internal mechanisms to pursue their performance objectives and for regulators interested in enhancing the advantages of the capital market.

Originality/value

This study provides empirical evidence that firm performance can be improved when the appropriate corporate governance mechanisms are selected. As there are equifinal paths leading to the desired outcome of high performance, firms from different industrial and national contexts should mindfully apply any uniform corporate governance code.

Details

Journal of Enterprising Communities: People and Places in the Global Economy, vol. 16 no. 1
Type: Research Article
ISSN: 1750-6204

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Book part
Publication date: 1 May 2023

Anh Le and I-Ju Chen

This study examines the relationship between board capital, including human and social capital, and corporate innovation. We propose two hypotheses: that a board with a higher…

Abstract

This study examines the relationship between board capital, including human and social capital, and corporate innovation. We propose two hypotheses: that a board with a higher level of human and social capital, respectively, is expected to have a higher level of innovation. To test these hypotheses, we use data from different sources, including SEC EDGARD-10k, Noah Stoffman, and S&P 500 Capital IQ for US public firms from all industries from 2000 to 2018. Four different innovation measurements are used to proxy for innovation: R&D, patents, citations, and number of new products. We use directors' level of education and industry experience to proxy for board human capital. The directors' social networks and interlocking ties are used to proxy for board social capital. We use fixed effect regressions to test the hypotheses and two-stage least square (2SLS) regressions to address endogeneity issues. We find that boards with higher levels of human capital are highly associated with corporate innovation in terms of citations. The findings imply that firms should hire directors with higher education and industry experience if they wish to increase their innovation.

Details

Advances in Pacific Basin Business, Economics and Finance
Type: Book
ISBN: 978-1-80382-401-7

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Article
Publication date: 6 June 2016

Leticia Pérez-Calero, Ma del Mar Villegas and Carmen Barroso

The purpose of this paper is to examine in greater depth the concept of “board capital”, which the authors consider to be a bundle of three types of capital, and believe to be a…

1466

Abstract

Purpose

The purpose of this paper is to examine in greater depth the concept of “board capital”, which the authors consider to be a bundle of three types of capital, and believe to be a clear antecedent of the board’s ability to perform its roles, which have positive consequences for the firm’s performance.

Design/methodology/approach

Through 83 firms listed on The Madrid Stock Exchange during the period 2005-2010, the authors test empirically the relationships between different dimensions of board capital and firm performance, and specially how internal social capital moderates the relationships between board human capital and external social capital with firm performance.

Findings

The results show that certain characteristics of human capital (average board tenure) and external social capital (directors’ interlocks) are positively related to the firm performance. The empirical findings also indicate that the internal social capital, measured by board density, is positively related to the firm performance and moderates these above relationships, increasing the potential of the resources contributed by the board members and influencing to a large extent on a firm’s performance.

Practical implications

The results of the investigation will help both executives and scholar in two ways. First, they will assist firms when they have to select board members, as they can now understand how the resources that board members bring with them can affect the firm performance. To be more effective, boards need to have members that have experience as firm’s directors, external connections to other boards and many internal ties among them. Second, in this context, internal social capital is especially relevant, so the firms should look for possible ways of encouraging internal ties between directors. In this paper, the authors have opted for study the participation of directors in committees.

Originality/value

The authors propose that these three types of capital (human, external and internal social capital) need to be synergistically combined to create a group of directors with access to a complete set of skills, knowledge and connections, but which can still work as a compact social group when making decisions.

Details

Corporate Governance, vol. 16 no. 3
Type: Research Article
ISSN: 1472-0701

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Article
Publication date: 16 July 2019

Allan Oswaldo Villegas Mateos and José Ernesto Amorós

The entrepreneurial ecosystem approach tries to understand the mechanisms underlying new business creation and helps develop tools, governmental policies and support systems that…

603

Abstract

Purpose

The entrepreneurial ecosystem approach tries to understand the mechanisms underlying new business creation and helps develop tools, governmental policies and support systems that enhance the outcomes of entrepreneurship activities. To ensure a better understanding of those mechanisms, this study aims to contrast regional policies in emerging economies that are designed to foster local new business creation and development.

Design/methodology/approach

One of the Global Entrepreneurship Monitor’s surveys, the National Experts’ Survey, was applied to a sample of N = 675 key informants in Mexico at ten entities, seven of whom were categorized as non-centrally located. The authors used non-parametric statistics to compare the differences between centrally and non-centrally located experts.

Findings

The main results indicate that non-centrally located experts perceive their regions to be in a worse position than centrally located experts in terms of government policies regulation, post-school education and commercial and physical infrastructure, but surprisingly in a better position regarding financial access, general government policy, government programs, primary and secondary education, R&D transfer, market dynamism and openness and cultural and social norms.

Practical implications

These findings have policy implications for all levels of government in Mexico, which must prioritize the homologation of opportunities for people in both large and small cities.

Originality/value

The replication of a Chilean study contributes to the empirical literature of regional entrepreneurial ecosystems in emerging economies.

Details

Journal of Entrepreneurship in Emerging Economies, vol. 11 no. 4
Type: Research Article
ISSN: 2053-4604

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