Capital humano como fuente de ventajas competitivas: algunas reflexiones y experiencias

La gestion de las personas preocupa cada vez mas a quienes dirigen todo tipo de organizaciones, lo que provoca que la demanda de ideas, estrategias e instrumentos que permitan lograr avances en este campo haya crecido en los ultimos tiempos de modo significativo. Resulta claro que los cambios legales, la modernizacion tecnologica o las impresionantes reestructuraciones organizativas ¡aun siendo importantes! No son suficientes para producir los cambios que demanda el entorno actual. La clave del exito consiste en penetrar en las mentes de las personas para conocer como son, que quieren, por que actuan de una u otra forma..., consiguiendo extraer de ellas lo mejor y mas positivo para lograr su crecimiento profesional y personal y, por ende, el de toda la organizacion

Does social network sentiment influence S&P 500 environmental & socially responsible index?

The influence of social network sentiment on stock market indices and companies has been proven in several studies. However, the influence of social network sentiment on sustainability indices and sustainable companies has not been analyzed so far. Therefore, this study analyzed the influence of social network sentiment on sustainability indices (S&P 500 Environmental & Socially Responsible Index) and focused on variations of this influence on sustainable and non-sustainable companies, namely, in companies included in the Information Technology sector. To this end, two methodologies were used: GARCH (1,1) models and logit-probit models. The results showed that social network sentiment influences S&P 500 Environmental & Socially Responsible Index’s volatility; this influence was greater than the influence of social network sentiment when considering the S&P 500 Index. Additionally, the results showed that social network sentiment influences sustainable companies’ returns but had no effect on unsustainable companies’ returns. These results highlighted the importance of managing the companies’ profiles in social networks and their corporate image in general, because investors will consider these aspects to design their investment strategiesS

How to avoid a lack of work engagement among public police professionals

This study aims to analyze the combined effect of five conditions—influence at work, interactional justice, workload, laissez-faire leadership, and emotional exhaustion—on the absence of work engagement in public police professionals. Using qualitative comparative analysis on a sample of 119 police professionals, the results show that none of the conditions on their own is necessary to lead to the absence of these professionals' work engagement. In addition, five casual configurations allow for the conclusion that influence at work, interactional justice, emotional exhaustion, and laissez-faire leadership are key conditions, while workload is less decisive in leading to the absence of work engagement in police professionals. The results inform managers of public police institutions on what variables can further contribute to creating workspaces in which learning, professional development, and positive experiences prevail among employees. This study is especially valuable to police professionals because the very nature of their work leads to engagement in acquiring a very powerful meaningS

An approach to employees’ job performance through work environmental variables and leadership behaviours

This study examines how the combined effects of work environmental factors and leadership behaviours lead to the presence (or absence) of industrial employees job performance by applying fuzzy-set qualitative comparative analysis (fsQCA). A sample composed of supervisor-subordinate dyads was used to test the propositions of this study. The results show that the most important variables are transformational leadership and social support. Employee empowerment and task significance seem to play a secondary role in leading to employee job performance. These findings support the need for managers to use positive leadership to manage human resources. This paper contributes to the advancement of the knowledge of employee job performance through the identification of the combinations of conditions that can lead to the presence or absence of this important organizational outcome. Directions for future studies are commented on at the end of the paperS

O problema da estimación do risco na valoración de empresas

Notas breve

Green bond market and sentiment: is there a switching behaviour?

We examine the impact of Twitter sentiment on the returns of four selected bond indices via the selection of relevant threshold variables, such as the S&P 500 Index, the VIX, and the MSCI World Index. If overreaction or underreaction to significant changes in the market occur regularly (De Bondt and Thaler, 1985, 1987; Jegadeesh and Titman, 1993), it is assumed that Twitter users respond with different intensities in the case of rising, falling or rather indeterminable markets. We fail to find evidence that the S&P 500 Index and VIX are relevant in supporting the switching behaviour. However, the MSCI World Index, to a certain extent, causes this relationship to diverge from the linear one. These claims become stronger when lagged and cubic sentiment variables have been included in the panel smooth transition regression (PSTR)S

Finance, technology, and values: a configurational approach to the analysis of rural entrepreneurship

The analysis of rural entrepreneurship (RE) at the local level requires further development. Its multidimensional nature demands theoretical and methodological approaches to navigate the complex and asymmetrical relationships that could exist between different conditioning factors. Analyses of specific contexts are also attractive for extracting more meaningful conclusions. This study takes the development of a specific type of religious tourism as reference context for the analysis of RE. Pilgrimage has shown a renewed capacity to mobilize people moved both by religious and secular motives in an interplay of values related to religion, nature, and culture. Some financial and technological factors are also relevant in this context. Integrating the Resource-Based View of firms and Resource Dependence Theory, and a fuzzy-set qualitative comparative analysis, different combinations of conditions representing values, finance, and technology are derived to explain high and low levels of entrepreneurship in two subsamples of rural municipalities. The results are relevant to preventing policymakers, researchers, and practitioners from making oversimplifying assumptions when analyzing RE. Investigating single factors in isolation lacks thoroughness, as relevant interdependencies exist between resources and agents that must be considered, which lead to diverse combinations of factors that can positively contribute to RES

Reputation, Game Theory and Entrepreneurial Sustainability

This manuscript provides a novel approach to reputational management as a driver of entrepreneurial sustainability, using game theory to integrate three dimensions of reputation. First, if the entrepreneur perceives reputation as a risk source, the analysis is framed as a prisoner’s dilemma schema that is solved by protecting against reputational threats from entrepreneurial sustainability. Second, if the entrepreneur perceives reputation as a competitive advantage, the analysis is framed as an innovator’s dilemma that is solved by getting reputational opportunities from entrepreneurial sustainability. Third, if reputation is perceived as a strategic asset, the analysis is framed as a coordination game schema that results in the development of a reputational intelligence skill that has the potential to become crucial for success in entrepreneurial sustainability. Consequently, this manuscript provides an original multidisciplinary analysis of reputational management by relating well-known theoretical results from game theory to organizational realitiesS

Organizational Capabilities and Profitability: The Mediating Role of Business Strategy

The resource-based view (RBV) posits that the sustainability of a firm’s success depends upon the creation, development, and implementation of a given organization’s unique resources and capabilities. Based on this theoretical framework, this article analyzes the relationship between organizational capabilities, business strategy, and profitability in the Portuguese textile industry. The strong relationship between these variables suggests that the organizational capabilities and the choice of business strategy may be the key to increase the profitability in this study context. So, the ability of the Portuguese textile organizations to change their business strategy based on their organizational capabilities affects profitability in a number of ways. Concretely, the results of this study highlight the importance of the choice of the business strategy as a partial mediator between the organizational capabilities and the profitability, a point that is crucial to understanding the success of a given organization and how resources and capabilities contribute to the process. The article concludes with a number of managerial implications and directions for future research.S