Hernando Porras-Gomez, Fernando Santa-Guzman and Luis Antonio Orozco
The purpose of this study is to determine the predominant features of the corporations in four Latin American that are countries associated with the disclosure of reputational…
Abstract
Purpose
The purpose of this study is to determine the predominant features of the corporations in four Latin American that are countries associated with the disclosure of reputational risk in the frame of explanations proposed by the organizational institutionalism theory about the isomorphism due to environmental pressures like the organisation for economic cooperation and development (OECD) membership and the belonging of Pacific Alliance (PA).
Design/methodology/approach
Using an exploratory structural equation model (SEM) with 26 variables from the Global Reporting Initiative (GRI) of a sample of 205 large companies from Mexico, Peru, Chile and Colombia that belong to the PA, during 2016, the research evaluates the association of firms features with the disclosure of reputational risk.
Findings
This research founds that country, industry, working conditions, financial performance and status in terms of firms listed in the stock market and in rankings of corporate reputation use to talk about reputational risk in firms' reports. The financial industry, which is ruled by Basel guidelines, and companies with lower returns tend to disclose reputational risk. The isomorphism does not depend on the time of membership in the OECD.
Practical implications
The findings revealed that belonging to the same multilateral organizations like PA or OECD is not enough to create isomorphism in improving the corporative disclosure increasing the quality of sustainability reports. Policymakers and managers need more incentive to avoid strategic silence and selective disclosure of information to promote more transparency for society and enhance the usefulness of accounting and corporate information to interpret business risks, especially reputational risk.
Originality/value
This article contributes to the emerging literature in reputational risk disclosure with evidence explained in the frame of organizational institutionalism evaluating the features that contribute to the legitimatization process, with counterintuitive evidence about the isomorphism pressured by multilateral organizations and economic blocks.
Purpose
El propósito es determinar los rasgos predominantes de las corporaciones en cuatro países de América Latina asociados a la divulgación del riesgo reputacional en el marco de las explicaciones propuestas por la teoría del institucionalismo organizacional sobre el isomorfismo debido a presiones ambientales como la membresía de la OCDE y la pertenencia a la Alianza del Pacífico – AP.
Design/methodology/approach
Utilizando un modelo exploratorio de ecuaciones estructurales (SEM) con 26 variables de la Global Reporting Initiative GRI de una muestra de 205 grandes empresas de México, Perú, Chile y Colombia que pertenecen a la AP, durante 2016, la investigación evalúa la asociación de las características de las empresas con la divulgación del riesgo reputacional.
Findings
Esta investigación encontró que el país, la industria, las condiciones de trabajo, el desempeño financiero y el estado en términos de empresas que cotizan en el mercado de valores y en los rankings de reputación corporativa utilizan para reverlar sobre el riesgo reputacional en sus informes. La industria financiera, regida por las directrices de Basilea, y las empresas con rendimientos más bajos tienden a revelar el riesgo reputacional. El isomorfismo no depende del tiempo de membresía en la OCDE.
Practical implications:
Los hallazgos revelaron que no basta con pertenecer a los mismos organismos multilaterales como AP u OCDE para crear isomorfismo en la mejora de la divulgación corporativa aumentando la calidad de los informes de sostenibilidad. Los responsables de la formulación de políticas y los gerentes necesitan más incentivos para evitar el silencio estratégico y la divulgación selectiva de información para promover una mayor transparencia para la sociedad y mejorar la utilidad de la información contable y corporativa para interpretar los riesgos comerciales, especialmente el riesgo reputacional.
Originality/value
Este artículo contribuye a la literatura emergente en revelación de riesgos reputacionales con evidencia explicada en el marco de la institucionalidad organizacional evaluando las características que contribuyen al proceso de legitimación, con evidencia contraintuitiva sobre el isomorfismo presionado por organismos multilaterales y bloques económicos.
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Ricardo Benjamín Perilla Maluche and Luis Antonio Orozco Castro
The purpose of this paper is to create a model that connects drivers between organizational innovation and business model innovation (BMI) to guide empirical research and the…
Abstract
Purpose
The purpose of this paper is to create a model that connects drivers between organizational innovation and business model innovation (BMI) to guide empirical research and the design of innovation management strategies.
Design/methodology/approach
The model was designed based on the results of a systematic literature review over the past 25 years that provides common predictor variables to build bridges between these two types of innovations.
Findings
It is a conceptual relationship between organizational innovation and BMI based on processes, new structures and customer relationship management. Moreover, there are five bridges from common predictors: strategy, top management, exploratory learning, technological innovation and environmental complexity.
Originality/value
The relationships between organizational innovation and BMI have been neglected in the literature. The model fills this gap by proposing hypotheses for empirical research and critical variables and relationships to steer organizational and business model innovation.
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Luis Antonio Orozco, Jose Vargas and Raquel Galindo-Dorado
The purpose of this paper is to investigate the relationship between board size (B-SIZE) and financial and reputational corporate performance in top companies ranked by the…
Abstract
Purpose
The purpose of this paper is to investigate the relationship between board size (B-SIZE) and financial and reputational corporate performance in top companies ranked by the Business Monitor of Corporate Reputation – MERCO in Colombia.
Design/methodology/approach
This paper conducts correlations and cluster analysis in order to classify firms based on performance and control variables, using a sectional sample of 84 large companies in Colombia over the period 2008-2012.
Findings
This research founds that large boards are associated with high performance on corporate reputation, as stated by the resource dependence theory, and a low-financial performance, as predicted by the agency theory. However, the results indicate that there is no relation between financial and reputational performance.
Research limitations/implications
This research considered only large companies listed by MERCO. Therefore, the results can only be generalized for top firms in Colombia according to this list. However, results add empirical evidence to theoretical debate between B-SIZE and firm performance considering financial and reputational indicators.
Practical implications
According to the OECD manual of good corporate governance practices, the optimal B-SIZE has between five to nine core members. The board structure has a direct impact over the firm’s financial and reputational performance and must be carefully analyzed by shareholders to balance the size according to expected results and firm’s features like family ownership, exportation activities and norms of stock markets.
Originality/value
This paper contributes to the existing literature on the relationship between B-SIZE and corporate performance with the evaluation of financial and reputational results for the case of an emerging economy. In Latin America, this analysis must go beyond OECD recommendations, and shall consider the context of an emerging country based on empirical evidence.
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Luis Antonio Orozco and Olga Lucía Anzola-Morales
This paper aims to present the Colombian Alejandro López Restrepo as a classic management thinker from the first half of the twentieth century and discuss his ideas in the light…
Abstract
Purpose
This paper aims to present the Colombian Alejandro López Restrepo as a classic management thinker from the first half of the twentieth century and discuss his ideas in the light of Anglo-Saxon authors at that time and his contributions as a professor, manager and public servant.
Design/methodology/approach
Bibliographic material including López’s books and essays and their biography published by Mayor (2001) are reviewed to organize a new reading of López as a management thinker and practitioner.
Findings
Beyond several classical managerial thinkers, López reconceptualized scientific management with a critical discussion of classical economic theory using sociology and psychology to present a unique conception of work, enterprise and efficiency as a public service that gives sense to individual and social realization to face the future and create development.
Research limitations/implications
Techniques as critical biography and interpretation of data have not been used, instead the aim to contribute to the literature of management history a Latin American’ thinker.
Practical implications
Including López as a classical management thinker can improve the study of management history. His life and ideas give new reflexive insight to understand the development of management in Colombia and serve to inspire administrators to seek improvements in society.
Originality/value
The paper offers a new approach toward studying Alejandro López beyond previous sociological work by Mayor (2001) with the discussion of the contributions in the lenses of managerial practices and theoretical insights at that time.
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Luis Antonio Orozco and José Luis Villaveces
The purpose of this paper is to empirically evaluate the effect of heterogeneity in inter‐organizational collaboration networks on international high‐quality scientific…
Abstract
Purpose
The purpose of this paper is to empirically evaluate the effect of heterogeneity in inter‐organizational collaboration networks on international high‐quality scientific performance of the most reputed business management schools in Latin America according to AméricaEconomía ranking.
Design/methodology/approach
Starting from the debate between advantages and disadvantages of heterogeneity in scientific performance framed in the debate between organizational population ecology and organizational institutionalism theories, this research explores the relationship between heterogeneity, reputation and the most important features for doing research. Using a binomial negative regression, the paper evaluates the partial effect of those variables in the count of scientific production.
Findings
There is an isomorphical tendency from the most reputed schools to establish heterogeneous networks, showing empirical evidence to normative proposals from Latin America, specially formulated in the light of Sabato triangle. Also there are differentiations between schools in aspects like human capital, double‐degree agreements, and schools’ trajectories.
Research limitations/implications
It is necessary to choose a wider sample of schools and to include Latin American journals. The study of diversity (between researchers) and its relationship with heterogeneity (between organizations) is also needed.
Practical implications
The research shows that elite business management schools in Latin America that present better performance also present high levels of heterogeneity in their inter‐organizational collaboration. Therefore, the promotion of heterogeneity could enhance scientific performance and improve techno‐economical networks.
Social implications
This research hopes to aim the research policy design to be able to steer and promote heterogeneity that could improve the relationship between producers and users of knowledge.
Originality/value
The relationships between reputation, heterogeneity, and scientific performance in administration in Latin America had not been addressed empirically. The worth of this research is the empirical confirmation to the advantages of heterogeneity, rather than intellectual capital features of schools, in research collaboration that contribute to the debate about heterogeneity and performance.
Propósito
Evaluar empíricamente el efecto de la heterogeneidad de las redes de colaboración interorganizacionales en el desempeño científico de alta calidad internacional en las escuelas de administración y negocios más reputadas en América Latina de acuerdo con el escalafón de AméricaEconomía.
Metodología
Con base en el debate que concierne a las ventajas y desventajas de la heterogeneidad en el desempeño científico enmarcado dentro del debate entre las teorías de la ecología de poblaciones y el institucionalismo organizacional, esta investigación explora la relación entre la heterogeneidad, la reputación y las características más importantes que pertenecen a la investigación. Usando la regresión binomial negativa, el artículo evalúa los efectos parciales de las variables en el conteo de la producción científica.
Resultados
Hay una tendencia isomórfica de las escuelas más reputadas por establecer redes heterogéneas, mostrando evidencia empírica para las propuestas normativas de América Latina, especialmente formuladas a la luz del triángulo de Sabato. También hay diferencias entre las escuelas en términos del capital humano, los convenios de doble titulación, y la trayectoria de las escuelas.
Limitaciones de la investigación
Es necesario escoger una muestra más amplia de escuela e incluir a las revistas de América Latina. El estudio de la diversidad (entre investigadores) y su relación con la heterogeneidad (entre organizaciones) también es requerida.
Implicaciones
La investigación muestra que las escuelas de administración en América Latina que presentan mejor desempeño también presentan altos niveles de heterogeneidad en su colaboración interorganizacional. Por lo tanto, la promoción de la heterogeneidad podría añadir al desempeño científico y mejorar las redes tecno‐económicas.
Implicaciones sociales
Esta investigación espera impulsar el diseño de políticas de investigación y a su vez promover la heterogeneidad que pueda mejorar la relación entre los productores y usuarios de conocimiento.
Originalidad/valor
La relación entre reputación, heterogeneidad y desempeño científico en administración en América Latina no ha sido abordada empíricamente. El valor de esta investigación es la confirmación empírica de las ventajas de la heterogeneidad, en vez de otras características de las escuelas, en la colaboración científica que contribuye al debate sobre heterogeneidad y desempeño.
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This issue includes six articles from ten universities in Chile, Colombia and Spain. The subjects are on entrepreneurship, public administration, management of intellectual…
Abstract
This issue includes six articles from ten universities in Chile, Colombia and Spain. The subjects are on entrepreneurship, public administration, management of intellectual capital marketing and also the immediate rejection policies of the journal's editor. The first study identifies different models of support programs in creating technology-based companies (spin‐offs) in universities from Spain and Great Britain, and the factors that determine their efficiency. The second one is on that factors that lead a person to entrepreneurship, particularly the impact of gender and the sociocultural aspects in regional entrepreneurships of Chile. The third studies the continuity of the entrepreneurial spirit in university students many years after graduating. The fourth makes an evaluation of the service portals available to the citizens of 19 countries in Latin America. The fifth is a study of the nets of scientific collaboration of the most prestigious Latin American business schools. The sixth is a study on the market orientation and obtained results in the business of rural tourism. An Editorial also deals with the criteria for immediate rejection of articles received by the journal. We plan a special issue on culture and art management, associated with the EURAM conference.
Resumen
Este número incluye seis artículos provenientes de diez universidades de Chile, Colombia y España, sobre emprendimiento, administración pública, gestión del capital intelectual y mercadeo, así como la política de rechazo inmediato del editor de la revista. El primer estudio identifica diferentes modelos de programas de apoyo a la creación de empresas con base tecnológica (spin‐offs) en universidades de España y Gran Bretaña, y los factores que determinan su eficacia. El segundo sobre factores que llevan a una persona a emprender, en particular el impacto del género y aspectos socioculturales en los emprendimientos regionales en Chile. El tercero estudia la continuidad del espíritu empresarial de los universitarios varios años después de graduarse. El cuarto realiza una evaluación de los portales de servicio al ciudadano en 19 países de América Latina. El quinto es un estudio de las redes de colaboración científica de las escuelas de negocios más prestigiosas de América Latina. El sexto es un estudio sobre la orientación al mercado y los resultados obtenidos en el negocio de pequeñas firmas de servicios de turismo rural. Un Editorial trata sobre los criterios para rechazo inmediato de artículos recibidos en la revista. Planeamos un número especial sobre la gestión cultural y de arte, asociada a la conferencia de EURAM.
This paper aims to examine the creation of the first commercial school in early independent Argentina in 1826 – the Academy of Accountancy of Buenos Aires (AABA) – at the request…
Abstract
Purpose
This paper aims to examine the creation of the first commercial school in early independent Argentina in 1826 – the Academy of Accountancy of Buenos Aires (AABA) – at the request of the Argentine Government, which entrusted its direction to French expatriate Amédée Brodart, who was considered an expert in commercial education.
Design/methodology/approach
This study adopts a microhistory approach based on individual biography and archival research. First, it investigated published biographies of contemporary political figures Brodart had been in contact with. Then, the Argentine archives of the Ministry of Finance and the Arturo Jauretche Museum of the Bank of the Province of Buenos Aires provided information on Brodart’s life during his expatriation to Latin America. Finally, the French Archives of the Paris National Library and ESCP Business School in Paris provided information on Brodart’s life before his departure for Argentina and after his final return to France. These primary sources include extracts from Brodart’s correspondence, financial ledgers, study plans and a few rare iconographic documents.
Findings
AABA was connected to a nationalist agenda: to develop Argentinian trade to overcome national underdevelopment and to counter political agitation in the country. However, the lack of local expertise in commercial education, as well as Argentine authorities’ desire to avoid depending on foreign powers, led them to call on a French expatriate rather than on a network of organizations to open this school.
Research limitations/implications
This paper contributes to the literature on the history of commercial education in Latin America and to the literature on the international transfer of commercial education models. This paper is also among the first to consider the origin story of Argentina’s relationship with commercial education.
Practical implications
This research offers new reflexive perspectives on the emergence of commercial education in Latin America by highlighting the agentivity of local actors.
Originality/value
Through a lens of dependency ambiguity, this paper repositions narratives of the development of commercial education in Latin America away from a Western-centric explanation, highlighting the role of local contextual actors. In doing so, it offers an alternative history of commercial education focused on Latin America.