How to accomplish a highly cited paper in the tourism, leisure and hospitality field

This paper identifies the main factors that affect the citation rate of an article published in the tourism, leisure and hospitality field. Using several regression techniques, it has been identified that the number of references for an article, the reputation of the main author, and obtaining early citations have a major impact on a document’s citation rate. As well as this, by means of a quantitative–qualitative analysis (fsQCA), the most efficient combinations of factors that influence the number of citations received have also been identified. This paper is useful for researchers, editors and readers interested in improving the impact of their researchS

Are EHEA assessment systems really different from traditional ones? An empirical analysis of academic performance in an accounting subject

Este trabajo analiza los determinantes del rendimiento académico, medidos como la probabilidad de aprobar la asignatura o el examen final, a partir de las puntuaciones obtenidas en las distintas actividades de evaluación continua. Para ello se emplean los datos de una asignatura de contabilidad financiera y se cuantifican los factores determinantes del rendimiento del alumnado mediante modelos logit y probit. El ánimo es ver si el nuevo sistema de evaluación impuesto en el EEES aumenta el rendimiento del alumnado. Los resultados revelan que, en general, las notas de las actividades de evaluación continua son determinantes estadísticamente significativos del rendimiento, si bien su impacto varía en función del criterio analizado.The objective of this research is to explore the determinants of academic performance, measured as the probability of passing the course or the final exam, from the grades on the various ongoing evaluation activities. Specifically, this research uses data from a financial accounting course to identify and quantify determinants of student performance through logit and probit models. The focus is to see if the new evaluation system (European Higher Education Area, EHEA) increases student performance. The results show that, in general, the grades of continuous activities are statistically significant determinants of performance, although its impact varies depending on the criteria analyzed

Academic performance and use of virtual learning environments for students of a curse of accounting

En los últimos años se ha generalizado el uso de entornos virtuales de aprendizaje en el ámbito de la docencia universitaria. En el presente trabajo se presentan los resultados obtenidos de una encuesta realizada a 251 alumnos de la materia “Contabilidad financiera I” del Grado en Administración y Dirección de Empresas de la Universidad de Santiago de Compostela. En primer lugar se presenta la opinión de los estudiantes sobre la utilidad y las ventajas percibidas en la utilización de la plataforma virtual Blackboard y sobre su potencialidad como herramienta sustitutiva del sistema tradicional de clase presencial. Además, el estudio muestra que las variables satisfacción, frecuencia de uso y utilidad de la plataforma virtual no tienen influencia sobre la calificación final del alumno ni sobre su asistencia a clase, de manera que estas actividades complementan pero no reemplazan el aprendizaje presencial.In the last years the use of Virtual Learning Environments has been generalized in the university teaching. The present work shows the results of a survey of 251 students the subject "Financial Accounting I" of the degree in Business Management and Direction of the University of Santiago de Compostela. In the first place is presented the opinion of the students about the utility and advantages perceived in the use of the virtual campus and its potential as a replacement tool for traditional classroom system. Also, the study shows that the variables satisfaction, frequency of use and utility of the virtual classroom have influence neither on the final qualification of the students nor on its assistance to class, so that these activities complement but they do not replace face-to face learning

Propiedad, Consejo y Gestión del Riesgo Empresarial

This paper analyses the effect of family ownership and the characteristics of the board of directors on the implementation level of enterprise risk management (ERM) in Spanish non-financial companies. The sample consists of 162 Spanish non-financial companies listed on Spanish stock exchanges and markets during 2012–2015. The results obtained show that the relationship between the level of family ownership concentration and the implementation level of an ERM system has a non-linear structure. Therefore, a reduction in implementation for moderate ownership levels is observed, although this increases with high ownership values. Regarding corporate governance, our study confirms the importance of certain characteristics of the board of directors, such as the size and the figure of the shareholder director in the implementation of formal ERM systems.Este trabajo analiza el efecto de la propiedad familiar y de las características del consejo de administración sobre el nivel de implementación del ERM en las empresas españolas no financieras. La muestra consta de 162 empresas españolas no financieras que cotizan en Bolsas y Mercados Españoles durante el período 2012-2015. Los resultados obtenidos muestran Los resultados obtenidos muestran que la relación entre el nivel de concentración de la propiedad familiar y el grado de implementación del sistema de gestión de riesgos (ERM) presenta una estructura no lineal, de modo que se observa una reducción de los niveles de implementación para niveles medios, pero que se incrementa en valores elevados de propiedad. Respecto al gobierno corporativo, nuestro trabajo confirma la importancia de ciertas características del consejo de administración en la implementación de sistemas formales de gestión del riesgo

Does sustainability score impact mutual fund performance?

Given that sustainable investing constitutes a major force across global financial markets, in 2016 Morningstar began reporting Morningstar Sustainability scores. We used the 2016, 2017 and 2018 scores to study the e ects of socially responsible investments (SRI) on European equity fund performance. Sustainability scores impacted positively on performance, which was consistent with the idea that the mutual funds invested in companies with better scores generate better risk-adjusted and not-risk adjusted performance. We also tested the relation on mutual fund flows and risk. The sustainability score in the previous year is significant on the flows, so higher-rated funds receive a larger volume of funds. In terms of risk, the level of sustainability is negatively related to the value at risk (VaR) of the fund, supporting that higher scored mutual funds o er better protection against extreme lossesThis research was funded by (1) the Galician Regional Government ED431B 2017/34 and ED431D 2017/19 co-funded by the European Regional Development Fund (ERDF/FEDER) within the period 2014-2020 and (2) the Ministry of Science, Innovation and Universities (MCIU), the Spanish State Research Agency (AEI) and European Regional Development Fund (RTI2018-100702-B-I00 MCIU/AEI/FEDER, UE)S

The decision of foreign exchange risk hedging in spanish international firms

Este trabajo analiza los determinantes de la decisión de cobertura cambiaria con derivados para 100 empresas internacionales españolas en el período 2004-2007. El marco teórico son las teorías de cobertura y la metodología consiste en la estimación de modelos probit binomiales de efectos aleatorios para datos de panel. Los resultados muestran que esta decisión se relaciona principalmente con las economías de escala y la deuda en divisa. Asimismo, existe una relación positiva con las oportunidades de crecimiento y la ubicación de la empresa en el sector de la industria manufacturera. Finalmente, se encuentra una relación negativa respecto a los costes de insolvencia financiera.This paper analyzes the factors that determine the decision to currency hedge with derivatives in the Spanish market during the period 2004-2007 from the postulates of the theories of hedging. We have estimated random effects probit models with panel data. We have obtained that this decision relates primarily to the economies of scale and the use of foreign currency debt. There is also a positive relationship on growth opportunities and business location in the manufacturing sector. Finally, there is a negative for the costs of financial distress

Capital Allocation Methods under Solvency II: A Comparative Analysis

The objective of this document is to analyze different methods that an insurer can use to allocate capital to his or her different lines of business or business segments under Solvency II. For this analysis, a review of the main methods developed in the literature is carried out. Many of the proposed methods in the literature can only be implemented with the internal data from the company’s loss distributions. In addition to this, in some of the methods that can be applied with external data, the diversifying effect is in essence not assigned to the lines of business (LoBs) that cause it. Therefore, in this paper, we compare the results of the main methods that can be used with public data and propose a simple method of capital allocation for insurance companies, which does not require knowledge of the loss distribution of an LoB, and which allows the diversification benefit to be assigned only to the LoBs that really cause such an effect. A practical example of the differences between the different methods and the one proposed is shown for better understanding

Diseño de un modelo de análisis financiero dinámico (DFA) aplicado al seguro de automóvil español

La puesta en marcha del proyecto Solvencia II en el sector asegurador obligará a que las compañías dispongan de herramientas de análisis del riesgo adecuadas a las exigencias de la nueva regulación. En algunos países se está trabajando en el desarrollo de técnicas que bajo la denominación de Análisis Financiero Dinámico (DFA) permitan llevar a cabo dicha tarea. En este contexto, nuestro trabajo tiene por objeto construir un modelo DFA aplicable a las compañías de seguros españolas. En su diseño se han tenido en cuenta los estudios precedentes y el objetivo final, que en nuestro caso es la medición del riesgo de la compañía. Como resultado final hemos diseñado una aplicación que permite realizar simulaciones estocásticas del excedente y evaluar el riesgo en operaciones de seguros no vida a medio y largo plazo. En particular analizamos los resultados de llevar a cabo dos estrategias diferentes en el ramo de seguros de automóvil