GIKA 2019 Chile

Issues

full text available abstract only
Volume 12 (2018) Volume 11 (2017) Volume 10 (2016) Volume 9 (2015) Volume 8 (2014) Volume 7 (2013) Volume 6 (2012) Volume 5 (2011) Volume 4 (2010) Volume 3 (2009) Volume 2 (2008) Volume 1 (2007)

Volume 12 Issue 4 (2018)

Special issue

Digital Transformations and Value Creation in International Markets

Editorial letter original article

pp. 365-366 | First published in 31 December 2018 | DOI:10.5709/ce.1897-9254.282

Carla Martínez-Climent, Andrea Rey-Martí

Abstract

Editorial letter



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A new measure of international product innovation original article

pp. 367-380 | First published in 31 December 2018 | DOI:10.5709/ce.1897-9254.283

Valeska V. Geldres-Weiss, Joaquín Monreal-Pérez, Dirceu Tornavoi-Carvalho, Jorge Tello-Gamarra

Abstract

It is important for firms to undertake product innovation since this will enable them to incorporate additional value to its market offer and, consequently, will increase their international competitiveness. Thus, the aim of this article is to develop a new index, the Export Product Innovation Index (EPII), a metric that associates product innovation to export activity according to the value of new export products / goods traded abroad at a single company level. The proposed index is built on official export data and based on the Harmonized System Codes. Therefore, the EPII may be widely generalized and calculated for every export firm all over the world for which export shipping data is available, enabling benchmarks for companies, international comparative studies and policy making. This article uses data on Chilean fruit exporters to illustrate EPII calculation and use. Through the comparison of this new index with some previous ones measuring product innovation overall population of Chilean fruit exporters, it is demonstrated that the EPII provides more accurate information to appraise a firm´s export product innovation performance.

Keywords: Product Innovation, International Competitiveness, Export Product Innovation Index, Harmonized System Codes, Fruit Exports, Chile

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Reshoring in Italy: a recent analysis original article

pp. 381-398 | First published in 31 December 2018 | DOI:10.5709/ce.1897-9254.284

Giuseppina Talamo, Michele Sabatino

Abstract

This paper contributes to the emerging literature on reshoring by analysing this return strategy in Italy with a focus on economic resilience. The joint analysis of reshoring and economic resilience is a missing link which could shed some light on the evolution of regional and international strategies and could help to understand whether there is a relationship between reshoring and the resilience of Italian industrial districts. In this regard, we intend to understand the behaviour of companies which have carried out reshoring strategies and their links with the territorial and regional area, and hence the economic resilience of the Italian regions in the face of most recent economic and financial shocks, which has contributed to these types of business and production choices. The aim is to demonstrate whether there is a relationship at regional level between companies which have made reshoring choices and the degree of economic resilience of an area. Using recent data, findings suggest that the renewal of supply chain strategy through reshoring can enhance the value of Italian production by a changing business model.

Keywords: reshoring, back-shoring, back-reshoring, offshoring; resilience, productive district

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Developing a Digital Co-Creation Assessment Methodology original article

pp. 399-408 | First published in 31 December 2018 | DOI:10.5709/ce.1897-9254.285

Monika Mačiulienė, Aelita Skaržauskienė, Dick Botteldooren

Abstract

Digitally enhanced public open spaces are ideal environments for the social innovations to emerge due to the involvement of the entire community and ICT (Information and Communication Tools) in knowledge creation and aggregation. This research paper presents an early-stage methodological digital co-creation assessment framework that considers a variety of aspects to transform public open places into co-created spaces: socio-cultural contexts, multi-stakeholder perspective, diversity in needs, incentives for participation of different groups and cooperation capabilities. The framework incorporates these aspects and proposes a suitable community-wide co-creation model employing the creative, innovative and cooperative applications of ICT. The assessment methodology is developed using a pragmatic mixed-method research design where the theoretical framework summarizes current research progress on the topic and the expert interviews allow to condense the complex and multi-dimensional realities for decision-makers seeking social innovations in the public spaces. The methodological assessment framework presented in this paper strengthens the scientific evidence regarding the potential of co-creation in developing social innovations and provides a managerial framework for developing co-creative initiatives.

Keywords: Co-Creation, Public Spaces, ICT, Social Innovation

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Institutional gaps in managing multiple European projects co-funded by public and private institutions original article

pp. 409-418 | First published in 31 December 2018 | DOI:10.5709/ce.1897-9254.286

Raluca Vasilache, Madalin Darie

Abstract

The purpose of this paper is to compare perceptions on drivers of managing multiple European co-funded projects among public and private institutions from Romania, and determine which dimensions of multi-project management optimization have the greatest impact on institutional financial stability and organizational learning. Data were collected using an online questionnaire administrated to two convenience samples of 100 public institutions, and 100 private organizations from Romania, involved in managing multiple European co-funded projects. Multi-project management optimization was measured using two dimensions: the relational dimension for governance of multiple projects and the regulative dimension. Data were analyzed by using confirmatory factor analysis, ANOVA and linear regression. In the private organizations sample, relational dimension was the most important predictor of organizational learning, while regulative dimension was the most important predictor of financial stability in the sample of public institutions.

Keywords: multiple project management, financial stability, organizational learning, project management governance

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The Paris Agreement and electricity markets outside the EU original article

pp. 419-432 | First published in 31 December 2018 | DOI:10.5709/ce.1897-9254.287

João Estevão, Clara Raposo, José Dias Lopes

Abstract

Climate change has been at the center of economic and social discussion for some years. The passage of time has intensified this debate and reflection. A well-known relevant event in this domain was the signature of the Paris Agreement in 2014, and its subsequent enforcement by European Union (EU) member countries. This study examines if the climate change measures adopted by the Agreement had an impact on the electricity sector outside the EU28, seeking to assess whether there is international diversity in these markets or if they work uniformly at global level. The goal of this work is to study the behavior of spot electricity prices before and after the Agreement was signed by EU members, analyze its effect in terms of spot prices, and determine the conditions that lead to stability and non-stability. We examine the behavior of spot electricity prices in two different electricity markets: the US and Brazil. The study applies both qualitative methodologies, namely fsQCA, and quantitative methodology, in order to identify changes in the pattern of electricity price behavior with the advent of the Agreement. Arguably, regulatory theory still incorporates the effects of the emergence of global dynamics in the regulation process. However, what this article suggests is that changes in regulatory frameworks with global impact, even if exogenous to a specific market, can profoundly alter the dynamics of that market.

Keywords: electricity markets, spot price, Paris Agreement, fsQCA

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Enablers and inhibitors of collaborative network development in organic food industry: A fuzzy set qualitative comparative analysis (fsQCA) original article

pp. 433-446 | First published in 31 December 2018 | DOI:10.5709/ce.1897-9254.288

Silvius Stanciu, Cezar Bichescu, Alexandru Căpățînă, George-Bogdan Drăgan, Andrei-Mirel Florea

Abstract

The study presents findings from thirty cases of organic product European retailers and identifies the potential enablers of collaborative network development on this food industry niche market and the barriers that currently restrict its adoption at a large scale. In the present paper, using fsQCA, we examine how competitors’ perceive the usefulness of a collaborative network on the organic market niche, how their perceived compatibility of a retailers’ business model and how their perceived risks connected to commitment to the collaborative network affect the wider adoption of collective networks, using empirical data from a sample of 30 European retailers of organic food products. The findings reveal that a combination of high usefulness, low compatibility of the business models and low perceived risk is a sufficient condition for the development of a collaborative network on the food industry organic market niche.

Keywords: Network coopetition capability, organic food industry, eco-label, fsQCA

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The evolution of the tax burden for EU companies original article

pp. 447-458 | First published in 31 December 2018 | DOI:10.5709/ce.1897-9254.289

Elisabeth Bustos Contell, Salvador Climent-Serrano, Gregorio Labatut-Serer

Abstract

Since its creation, the EU has targeted tax harmonization to protect the single market and avoid capital outflow to regions that have lower tax rates. However, despite repeated attempts, complete convergence has not yet been achieved. Using the effective tax rate, the statutory tax rate, and the absolute difference between these two rates, this study explored the trends of the tax burden in 15 EU member states. The study period of 2006 to 2014 enabled analysis of the tax burden before and after the financial crisis. Analysis was conducted using an econometric model. The results suggest that during periods of economic stability, the tax burden tends to converge. In contrast, during periods of crisis, countries apply their own tax policies to protect themselves from the adverse effects of the crisis.

Keywords: tax harmonization, effective tax rate, tax burden, European Union

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Financial Performance Measurement of Hungarian Retail Food Companies original article

pp. 459-472 | First published in 31 December 2018 | DOI:10.5709/ce.1897-9254.290

Veronika Fenyves, Zoltán Bács, Laura Karnai, Adrián Nagy, Tibor Tarnóczi

Abstract

The comparison of company performances, i.e., benchmarking, is becoming more and more critical. Presently, companies mostly use traditional financial ratios to evaluate their financial performance. We also use financial ratios to measure and compare company performances, from which we create complex efficiency coefficients using Data Envelopment Analysis. Using Data Envelopment Analysis, we analyzed the efficiency of retail food companies in Hungary’s Northern Great Plain region from 2009 to 2014 using their financial reports. To improve the result of the performance measurement, we used the bootstrap method, the Hamiltonian Monte Carlo simulation, and Bayesian statistics. We transformed the primarily deterministic DEA method into a stochastic DEA model. The primary target of this extension is to enhance statistical inference in DEA and to integrate it with a stochastic mechanism of Bayesian techniques. To develop the stochastic DEA model, we use Stan Stochastic Modelling Language within the framework of the R Statistics. Analyzing the results, we can state that the DEA method can be used for analyzing efficiency, and the additions shown can make the evaluation much more accurate. We can conclude that the best results were produced by the combined method, during a simultaneous application of the input orientation.

Keywords: performance measurement, principal components analysis, data envelopment analysis, bayesian statistics, stan stochastic programming language

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10 

Self-employment, Knowledge and Economic Growth: An empirical study for Latin American countries original article

pp. 473-484 | First published in 31 December 2018 | DOI:10.5709/ce.1897-9254.291

Víctor M. González Sánchez

Abstract

There has been a numerous amount of economic research carried out which has aimed at identifying the factors that could contribute positively to economic growth. The economic literature available on this matter appears to acknowledge that entrepreneurship is one of the elements that could positively contribute to this growth. Among other factors, both entrepreneurship and knowledge are generally considered to play an important role regarding this macro-economic goal. Bearing this in mind, the positive bond that exists between both of them, which also contributes to economic growth and improvements in welfare, is increasingly analyzed in the different economic studies available. The goal of this paper is to empirically analyze the existing relationship between economic growth, knowledge and entrepreneurship within the context of Latin American countries during the period 2001-2016. For this purpose, the self-employment variable has been used as an empirical proxy of entrepreneurship. In general, the availability of reliable statistical information on entrepreneurship is quite limited especially in the case of the Latin American countries. Consequently, this is one of the reasons why there is a lack of unanimity as to the application of one dataset or another to measure entrepreneurship in the analysis. Therefore, although it is true that there is certain disagreement regarding the use of the aforementioned empirical proxy, there are, however, several references in favor of the use of self-employment statistics in the analysis of entrepreneurship. In order to do so, first of all we study the existing link between economic growth and certain determining factors such as public expenditure, investment, human capital, knowledge and entrepreneurship. Afterwards, we analyze the effects on entrepreneurship caused by such factors as, for example, unemployment, taxes and education (as a proxy of knowledge).

Keywords: self-employment, entrepreneurship, knowledge, economic growth, unemployment, taxes, education

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11 

Dynamics of Decision Making in Cross-Functional Teams original article

pp. 485-496 | First published in 31 December 2018 | DOI:10.5709/ce.1897-9254.292

Yetunde Anibaba, Godbless Akaighe

Abstract

Group decision making is often associated with better qualitative decisions and outcomes than decisions made by individuals alone. The dynamics of the group decision-making process, as opposed to the consequences of such decisions, have received limited research attention. While there is considerable evidence to support that cross-functional team decision making facilitates easy implementation of decisions, and higher participation in decision making, the intricacies involved in the decision-making process remain underexplored. The paper aims to understand how different factors drive the behavior of the team members in the decision-making process in cross-functional teams and how decisions are reached in such teams. Under simulation conditions, we observed decision-making sessions involving six groups of six managers each, representing six different functions in a hypothetical organization. We find that the behavior of team leaders, the presence of `dominant’ team members and the self-interest of team members, drove the process and defined the final output.

Keywords: group decision making, cross-functional teams, consensus, leadership

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12 

The Business Model and its Core Elements. Proposal of Definition and Table of Core Elements original article

pp. 497-518 | First published in 31 December 2018 | DOI:10.5709/ce.1897-9254.293

Arturo Orea Rocha, Carmelo García Pérez, Fernando Crecente Romero, Maria Teresa del Val Núñez

Abstract

The concept of the business model has garnered the attention of business administration researchers and professionals for over 50 years, and especially since the last decade of the 20th century, as a result of the appearance and widespread use of the internet in business. Despite the large number of doctrinal contributions, studies and analyses carried out, these years of research have not resulted in consensus among authors and professionals regarding either a definition or the core elements of a business model. This article provides a proposal for the definition of business model, as well as a proposal for a table of elements which includes those that we believe will be of great importance in the future of organisations, such as their approach to security, the code of ethics and their own capacity for transformation. To create the definition and table of elements, numerous publications regarding the concept of the business model were analysed, mainly from between 1996 and 2017, when the concept was most highly developed in the academic literature. The article suggests future lines of research to study the evolution of the concept of the model, the greater or lesser importance of certain elements, as well as the impact on the bottom line of the transformation of and innovation in the model itself.

Keywords: Business model, value proposition, market segmentation, transformation, code of ethics, security

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13 

Sustainable profitability of ethical and conventional banking original article

pp. 519-530 | First published in 31 December 2018 | DOI:10.5709/ce.1897-9254.294

Ricardo Costa-Climent, Carla Martínez-Climent

Abstract

In recent years, social movements have echoed calls for greater social and environmental responsibility. Although financial institutions promote development, consumers have lost confidence in banks. As we enter the Fintech era, banks have the opportunity to use new tools that enable greater transparency for customers. Corporate social responsibility (CSR) plays a key role in increasing social awareness of regulators, society, shareholders, and employees—in short, stakeholders. This study therefore focuses on banks that have designed their activities and investments to contribute to sustainability. The principal contribution of this paper is to show the existence of a range of business models that arise following different responses by different types of banks. These different responses occur because the primary objective of sustainable banks is to meet the needs of stakeholders and contribute to sustainable development, whereas conventional banks simply apply and execute CSR policies. It is possible to differentiate between ethical banks and commercial banks. To ensure economic progress and achieve sustainability, it is fundamental to balance economic profitability with people’s social and environmental aspirations.

Keywords: ethical banking; sustainable banking; corporate social responsibility; CSR; fintech

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