Isabel Abinzano, Harold Bonilla and Luis Muga
Using data from business reorganization processes under Act 1116 of 2006 in Colombia during the period 2008 to 2018, a model for predicting the success of these processes is…
Abstract
Purpose
Using data from business reorganization processes under Act 1116 of 2006 in Colombia during the period 2008 to 2018, a model for predicting the success of these processes is proposed. The paper aims to validate the model in two different periods. The first one, in 2019, characterized by stability, and the second one, in 2020, characterized by the uncertainty generated by the COVID-19 pandemic.
Design/methodology/approach
A set of five financial variables comprising indebtedness, profitability and solvency proxies, firm age, macroeconomic conditions, and industry and regional dummies are used as independent variables in a logit model to predict the failure of reorganization processes. In addition, an out-of-sample analysis is carried out for the 2019 and 2020 periods.
Findings
The results show a high predictive power of the estimated model. Even the results of the out-of-sample analysis are satisfactory during the unstable pandemic period. However, industry and regional effects add no predictive power for 2020, probably due to subsidies for economic activity and the relaxation of insolvency legislation in Colombia during that year.
Originality/value
In a context of global reform in insolvency laws, the consistent predictive ability shown by the model, even during periods of uncertainty, can guide regulatory changes to ensure the survival of companies entering into reorganization processes, and reduce the observed high failure rate.
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Isabel Abinzano, Harold Bonilla and Luis Muga
The aim of this paper is to provide an overview of the impact of the implementation of Colombian Corporate Insolvency Act 1116 of 2006 in the period 2008–2018 and to assess the…
Abstract
Purpose
The aim of this paper is to provide an overview of the impact of the implementation of Colombian Corporate Insolvency Act 1116 of 2006 in the period 2008–2018 and to assess the relevance of a broad set of financial predictors, as well as variables related to the economic context or the characteristics of the process itself, in explaining the failure of reorganization processes.
Design/methodology/approach
Both logit and probit models are estimated, starting from a large number of variables proposed in the literature which are then narrowed down to a final selection based on their individual significance and machine learning.
Findings
The results show the prevalence of a limited number of financial variables related to equity, indebtedness, profits and liquidity as predictors of the failure of reorganization processes. The use of financial information from the year prior to the completion of the reorganization improves predictive accuracy and reliability. The debt-to-equity indicator provides no significant explanatory power, while voluntary entry into a reorganization process favors its success.
Originality/value
While financial and accounting information is used across the literature to predict insolvency events, it is used here to predict success or failure in reorganization processes under the conditions imposed by a specific legislative act in a Latin American context.
Propósito
Proporcionar una panorámica de la implementación de la Ley 1116 de 2006 a partir de las empresas que suscribieron acuerdos de reorganización en Colombia en el periodo 2008–2018 y evaluar la relevancia de un conjunto amplio de predictores financieros, así como variables relacionadas con el entorno económico o de características del propio proceso, para explicar el fracaso de la reorganización.
Diseño/Metodología/Aproximación
Se han estimado tanto modelos logit como probit, partiendo de un amplio número de variables propuestas en la literatura, que luego se reducen a una selección final basada en su significancia individual y una metodología de machine learning.
Hallazgos
Un número reducido de variables relacionadas con los fondos propios, el endeudamiento, los beneficios y la liquidez prevalecen como predictores financieros del fracaso de los procesos de reorganización. El uso de información del año anterior al cierre del acuerdo mejora la precisión de las predicciones realizadas. El indicador de conversión de deuda en capital no ofrece capacidad explicativa significativa, mientras que la entrada voluntaria a la reorganización favorece su éxito.
Originalidad/Valor
Muchos trabajos han usado información financiera y contable para predecir eventos de insolvencia. En nuestro caso se usa esta información para predecir el éxito o fracaso de los procesos de reorganización bajo una ley específica en el contexto latinoamericano.
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This work presents a review of the state of the art of the present century on academic and scientific production in Latin America related to the concept of Social Innovation. The…
Abstract
This work presents a review of the state of the art of the present century on academic and scientific production in Latin America related to the concept of Social Innovation. The analysis is based on articles published in indexed journals, which makes it possible to understand the existing asymmetry between the conceptual and theoretical veins, of the case studies, as well as of good social innovation practices that have been published in recent years. These debates have in some cases transcended public policies, as well as business and social realities where social innovation is a mechanism and strategy for personal, social, and territorial development. Finally, a Latin American community of researchers and academics around social innovation must be consolidated, who choose to continue building theoretical-empirical bodies following the Latin American reality.
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– The aim of this study is to analyse the advantages of using an institutional repository (IR) as a complementary source to evaluate the research output produced by a university.
Abstract
Purpose
The aim of this study is to analyse the advantages of using an institutional repository (IR) as a complementary source to evaluate the research output produced by a university.
Design/methodology/approach
The paper is based on previous studies where IRs have been used as source to analyse the research output.
Findings
Some advantages of using repositories as a tool to evaluate research output are: they help to evaluate the research output from different perspectives, using multidimensional approaches that combine various factors and types of documents with free access to all researchers, evaluators and society in general.
Practical implications
The paper is aimed at researchers and experts that use Web of Knowledge and Scopus services to evaluate the research output. It recommends that they consider using IRs as an additional, practical and complementary tool to traditional databases.
Originality/value
To underline the advantages of using an IR as a complementary source in the evaluation of research outputs; this evaluative approach is not sufficiently appreciated in comparison with the role of traditional (non-open access) databases. Adopting this original approach would be a significant enhancement to current research evaluation practice.
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How do racial meanings structure the institution of higher education and the organizations and networks it encompasses? This chapter develops a theory of racial activation to…
Abstract
How do racial meanings structure the institution of higher education and the organizations and networks it encompasses? This chapter develops a theory of racial activation to usefully link conceptualizations of race and organizations. This theory examines how racial meanings shape organizational fields, forms or types of organizations, and the strategic use of racial meanings by actors in organizations to create a more robust understanding of the processes by which organizations are themselves made racialized. Predominant scholarship on race can largely be characterized as theorizing the mechanisms by which race is constructed or uncovering the patterns and consequences of inequality along racial lines. Much existing research hovers above at a macro level where national, state, and global powers are understood to impose racial categories, symbols, meanings, and rules onto daily life while higher education has largely been studied as a site where we see the effects of broader social disparities play out. This chapter draws on insights from inhabited institutionalism to develop a theory of racial activation that usefully links conceptualizations of race and organizations to provide an intersectional and interactional approach to the study of fields.
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Eduardo Bonilla-Silva and Louise Seamster
This essay tackles the Obama “phenomenon,” from his candidacy to his election, as a manifestation of the new “color-blind racism” that has characterized U.S. racial politics in…
Abstract
This essay tackles the Obama “phenomenon,” from his candidacy to his election, as a manifestation of the new “color-blind racism” that has characterized U.S. racial politics in the post-civil rights era. Rather than symbolizing the “end of race,” or indeed a “miracle,” Obama's election is a predictable result of contemporary U.S. electoral politics. In fact, Obama is a middle-of-the-road Democrat whose policies since taking office have been almost perfectly in line with his predecessors, especially in terms of his failure to improve the lot of blacks and other minorities. In this essay, I review the concept of color-blind racism and its application to the Obama phenomenon. I also revisit some of my past predictions for Obama's presidency and evaluate their accuracy halfway through his term. Finally, I offer suggestions for constructing a genuine social movement to push Obama and future politicians to provide real, progressive “change we can believe in.”
This chapter is based on a chapter I added for the third edition of my book, Racism without Racists. Louise Seamster, a wonderful graduate student at Duke, helped me update some material, locate new sources, and rework some sections, as well as abridge some of the many footnotes (interested readers can consult the chapter). I kept the first person to maintain the more direct and engaged tone of the original piece and because the ideas (the good, the bad, and the ugly ones) in the chapter are mine, and thus, I wish to remain entirely responsible for them.
The aim of this study is to show examples of good practice which can improve the functioning of an institutional repository (IR), arranged from the point of view of a user, author…
Abstract
Purpose
The aim of this study is to show examples of good practice which can improve the functioning of an institutional repository (IR), arranged from the point of view of a user, author and reviewer.
Design/methodology/approach
To collect examples of good practice which can improve the functioning of an IR, the author has based on several studies where the institutional databases are used as source to analyze the research output.
Findings
Examples of good practice which can improve the functioning of an IR from different points of view. These include: (from the point of view of the user) visibility, accessibility, usability, update, navigability, quality and user satisfaction; (from the point of view of the author): political, legal aspects, security, authenticity and (from the point of view of an evaluator) it is important to provide as much information of each document as: title, author/s, institution and country of authors, abstract, document type, journal, language, type of deposit, publication year, year of deposit, subject, keywords, format, file size, citations and downloads that the document has received.
Practical implications
For researchers and experts that create, maintain and use IRs.
Originality/value
This study collects examples of good practice which can improve the functioning of an IR, arranged from different points of view: user, author and reviewer.
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This chapter evaluates the allure and the danger of attributing race-laden crime politics to displaced anxiety. Stuart Scheingold's “myth of crime and punishment” was a…
Abstract
This chapter evaluates the allure and the danger of attributing race-laden crime politics to displaced anxiety. Stuart Scheingold's “myth of crime and punishment” was a path-setting theory of redirected fear, arguing that socioeconomic “fear of falling” is displaced onto street crime, where the simple morality tale of lawbreaker-versus-state offers the illusion of control. The danger of this theory, I argue, is that it purports to analyze post-1960s’ structural inequality, but it replicates the post-civil rights logic and language of racism as nonstructural – an irrationality, a misplaced emotion, a mere epiphenomenon of class. As a theory that hinges on the malfunction of redirecting structural anxieties onto symbols and scapegoats, the vocabulary of displaced anxieties links punitive (white) subjects to punished (black and Latino) objects through a diagnosis that is, by definition, beyond rationality. The vocabulary of displaced anxiety categorizes the racial politics of law and order as an emotional misfire, thereby occluding the ways in which racial interests are at stake in crime policy and carceral state development.
Leila Nemati-Anaraki and Mina Tavassoli-Farahi
Recognizing that the nature of research and scholarly communication is changing rapidly, an institutional repository (IR) is a tool for collecting, storing, accessing and…
Abstract
Purpose
Recognizing that the nature of research and scholarly communication is changing rapidly, an institutional repository (IR) is a tool for collecting, storing, accessing and disseminating scholarly communication within and without the institutions. The primary reason for establishing an IR is to increase the visibility of the institution’s research output by making it an open access with regard to copyright issues. This paper aims to propose a conceptualmodel for scholarly communication through IRs to provide an opportunity to integrate and facilitate knowledge sharing so as to enrich knowledge content and enhance global access.
Design/methodology/approach
This paper proceeds in three phases. In the first phase, the published literature on IRs and scholarly communication has been reviewed critically considering their empirical applications. Next, based on the understanding gained from the previous stage, a conceptual model for scholarly communication through IRs has been proposed. In the third phase, the proposed model has been developed and finalized toward its maturity.
Findings
Based on the literature, the authors have developed a conceptual model for understanding the factors that characterize not only the design but also the development of IRs practically. An IR appears theoretically sound, but it is a difficult task in practice because of some complexities. This paper attempts to set a theoretical model for IRs as a foundation to address the gap in the current literature for researchers, experts and librarians who create, maintain and use IRs, though it does not claim to be comprehensive.
Originality/value
A few attempts have been made to investigate scholarly communication through IRs, but this is the one of its first kind that provides a theoretical model for it. It serves as a useful starting point for those interested in knowledge management and IRs.