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Article
Publication date: 31 May 2022

José Francisco Martínez-Sánchez, Francisco Venegas-Martínez and Gilberto Pérez-Lechuga

This paper aims to develop a money laundering risk management model for multiple-purpose financial institutions (SOFOMES, Spanish acronym for “Sociedades Financieras de Objeto…

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Abstract

Purpose

This paper aims to develop a money laundering risk management model for multiple-purpose financial institutions (SOFOMES, Spanish acronym for “Sociedades Financieras de Objeto Múltiple”) based on the best international practices.

Design/methodology/approach

A study of a sample of several SOFOMES is carried out through representative surveys and focus groups to collect information to develop a causal model of risk management under a Bayesian network approach together with a Monte Carlo simulation.

Findings

The probability that SOFOMES has a high incidence to be used as a mean of money laundering is 29.3%, correspondingly with a probability of 33.1% of having medium incidence and 37.4% of low incidence.

Research limitations/implications

Only nine SOFOMES were willing to provide information for this study.

Practical implications

In Mexico, there is a large registry in the Ministry of Finance and the Attorney General’s Office of this type of practices in the SOFOMES sector, impacting tax collection and affecting the growth of the real sector. The proposed model serves to establish several preventive policies that reduce the incidence of this type of crime.

Originality/value

As far as the authors know, there is no other study as this one in Mexico or in the rest of the world.

Details

Journal of Money Laundering Control, vol. 26 no. 4
Type: Research Article
ISSN: 1368-5201

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Article
Publication date: 12 March 2020

José Francisco Martínez-Sánchez, Salvador Cruz-García and Francisco Venegas-Martínez

This paper is aimed at developing a regression tree model useful to quantify the Money Laundering (ML) risk associated to a customer profile and his contracted products…

409

Abstract

Purpose

This paper is aimed at developing a regression tree model useful to quantify the Money Laundering (ML) risk associated to a customer profile and his contracted products (customer’s inherent risk). ML is a risk to which different entities are exposed, but mainly the financial ones because of the nature of their activity, so that they are legally obliged to have an appropriate methodology to analyze and assess such a risk.

Design/methodology/approach

This paper uses the technique of regression trees to identify, measure and quantify the ML customer’s inherent risk.

Findings

After classifying customers as high- or low-risk based on a probability threshold of 0.5, this study finds that customers with 56 months or more of seniority are more risky than those with less seniority; the variables “contracted product” and “customer seniority” are statistically significant; the variables origin, legal entity and economic activity are not statistically significant for classifying customers; institution collection, business products and individual product are the most risky; and the percentage of effectiveness, suggested by the decision tree technique, is around 89.5 per cent.

Practical implications

In the daily practice of ML risk management, the two main issues to be considered are: 1) the knowledge of the customer, and 2) the detection of his inherent risk elements.

Originality/value

Information from the customer portfolio and his transaction profile is analyzed through BigData and data mining.

Details

Journal of Money Laundering Control, vol. 23 no. 2
Type: Research Article
ISSN: 1368-5201

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Article
Publication date: 1 July 2004

María Pilar de Luis Carnicer, Angel Martínez Sánchez, Manuela Pérez Pérez and María José Vela Jiménez

Shows the results of a survey about the antecedents of work‐family conflict in a sample of Spanish employees. Analyses and discusses the influence of job‐related and non‐related…

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Abstract

Shows the results of a survey about the antecedents of work‐family conflict in a sample of Spanish employees. Analyses and discusses the influence of job‐related and non‐related factors. The results indicate that both groups of factors are antecedents of work‐family conflict. Even though gender is not a significant variable to explain work‐family conflict, the empirical study found differences at the time to explain the antecedents of men and women's work‐family conflict. A few family‐domain and work‐domain perceptions had a strong influence on work‐family conflict such as the gender roles, importance of family, job flexibility and job mental and physical requirements. Some of these perceptions suggest the influence of a culture where traditional gender roles still prevail and family as an institution is very strong. Functional mobility and educational level are also antecedents of work‐family conflict. However, job category level, marital status, and social benefits do not have any influence on work‐family conflict in the multivariate analysis, but the bivariate analysis showed that they have indeed an influence on the work‐family conflict according to the hypotheses developed in the research framework.

Details

Journal of Managerial Psychology, vol. 19 no. 5
Type: Research Article
ISSN: 0268-3946

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Article
Publication date: 12 September 2008

Rok Škrinjar, Vesna Bosilj‐Vukšić and Mojca Indihar‐Štemberger

Extensive literature on business process management suggests that organizations could enhance their overall performance by adopting a process view of business. However, there is a…

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Abstract

Purpose

Extensive literature on business process management suggests that organizations could enhance their overall performance by adopting a process view of business. However, there is a lack of empirical research in this field. The purpose of this paper is to investigate the understanding of the process view and process maturity levels in a transition economy and to test the impact of process orientation maturity level on organizational performance.

Design/methodology/approach

Empirical investigation combined an exploratory‐confirmatory approach using factor analysis and structural equation modeling.

Findings

The investigation confirms the impact of business process orientation on organizational performance in a transition economy. The link is even stronger than in the original investigation. The results show that business process orientation leads to better non‐financial performance and indirectly to better financial performance.

Practical implications

The research confirms that business process orientation is advantageous for companies since it has a positive influence on organizational performance. The finding that the impact on financial performance is indirect through non‐financial performance suggests that the companies have to take that view of performance into consideration as well.

Originality/value

The paper is valuable for academics and practitioners because the impact of business process orientation on organizational performance has been confirmed for a transitional economy. Its originality is in the measurement of organizational performance, for which a more detailed specification of organizational performance based on the balanced scorecard concept that includes non‐financial performance measures has been used.

Details

Business Process Management Journal, vol. 14 no. 5
Type: Research Article
ISSN: 1463-7154

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Article
Publication date: 11 September 2018

Bazeet Olayemi Badru, Nurwati A. Ahmad-Zaluki and Wan Nordin Wan-Hussin

The purpose of this paper is to examine whether the differences in men and women, such as risk aversion in decision making, can influence the amount of capital that the board of…

1001

Abstract

Purpose

The purpose of this paper is to examine whether the differences in men and women, such as risk aversion in decision making, can influence the amount of capital that the board of directors can allocate for investment opportunities.

Design/methodology/approach

This study sampled 212 IPOs over the period of 2005–2015 and employed the OLS and the quantile regression techniques to examine the impact of female directors on capital allocation.

Findings

The results show that women on corporate boards have a positive influence on the amount of capital an IPO company can allocate for investment opportunities. These findings suggest that the investment strategies of women in an emerging financial market, like Malaysia, may differ from women in other financial markets.

Practical implications

The presence of women on corporate boards plays an important role in board involvement in a company’s strategic decision at the time of the IPO. Therefore, regulators and IPO issuers should pay close attention to the corporate governance structure of a company at the time of an IPO. In addition, investors and other stakeholders of a company may consider women on corporate boards as an important factor in financing and investment decisions.

Originality/value

Despite several studies that have examined the influence of women on corporate boards on corporate outcomes, globally, the presence of women on corporate boards and their influence on corporate decision-making related to allocation of capital to investment opportunities, have not been fully explored in the IPO literature.

Details

Management Decision, vol. 57 no. 3
Type: Research Article
ISSN: 0025-1747

Keywords

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