Sancho Gargallo, Carlos; Santomá Juncadella, Javier
If two companies from different countries with a contractual relationship have a conflict, it behooves them to go through an arbitrator rather than the national court system. According to IESE's Carlos Sancho and Javier Santomá, the procedure is faster, less expensive and ensures a greater degree of confidentiality than a lawsuit.
Ricart Costa, Joan Enric; Llopis Casellas, Jaume; Garrido, Amaia; Tonijuan, Gemma
Spanish exports hit a record 220 billion euros in 2012, which is equivalent to a fifth of the country's total economic output. Though unprecedented, still only 1 out of 100 companies exports on a regular basis. A study led by IESE's J.E. Ricart and Jaume Llopis serves as a practical guide for companies considering international expansion.
Reuer, Jeffrey J.; Tong, Tony W.; Tyler, Beverly B.; Ariño Martín, Africa
Both international joint ventures (IJVs) and acquisitions facilitate the entry of companies into new markets and business domains. They also expose firms to significant risk. How do executives weigh decisions about which governance approach is best, particularly in emerging markets like China where information may be limited? A team of professors led a study to better understand how to make these strategic decisions.
Berrone, Pascual; Fosfuri, Andrea; Gelabert, Liliana; Gómez-Mejía, Luis R.
The role of companies in tackling today's environmental challenges cannot be understated. Their ability to innovate and develop "green" strategies is of utmost importance to the global agenda. IESE's Pascual Berrone and an international team of professors explore the impact of regulatory and normative pressures on the emergence of solutions to reduce environmental harm.
Fernández López, Pablo
One year since Argentina took control of the oil company YPF from the Spanish firm, Repsol, IESE Prof. Pablo Fernandez asked 22,000 international experts to give their best estimate of the compensation that Repsol should receive as a result of the expropriation: $10.3 billion was the average, according to the nearly 2,000 responses received.
Soley Sans, Jorge; Sánchez de León, Carlos
The Bankia case raises many questions. IESE Prof. Jorge Soley and Carlos Sánchez de León analyze the savings bank, from its creation and IPO, to its nationalization and restructuring, which has seen branch closures, layoffs and a new commercial strategy. How much wiggle room does a nationalized bank have? And how will Bankia's woes affect the rest of the Spanish banking system?
Cassiman, Bruno; Veugelers, Reinhilde; Arts, Sam
As companies increasingly turn to outside partnerships for innovation, understanding how best to make use of them becomes paramount. A paper coauthored by IESE's Bruno Cassiman examines how firms use partnerships to capture value from basic research. Which research investments reap the best results, in terms of yielding quality ideas and then developing those ideas into some innovation?
Ceja, Lucía; Tàpies Lloret, Josep
Much research attests to the phenomenon of "psychological ownership" -- the degree to which employees feel personally connected and identify with their organizations. New research by IESE's Family-Owned Business Chair explores some of the ways in which such feelings can be fostered, given that one of the keys to the perpetuation of family businesses is the commitment level of future generations.
As organizations grow increasingly reliant on a global workforce, they need to know how to mitigate time zone challenges. This article, based on 20 years of research by the author on global working arrangements, explains how companies can not only mitigate the time zone problem but can use it as a source of competitive advantage.
IESE Prof. Fabrizio Ferraro believes this is an opportune moment for institutionalizing responsible investment and ushering in a new, more sustainable age of capitalism. This article identifies some of the key drivers and the challenges that responsible investment poses to investors and managers as they try to take this novel field and embed it into their institutional practices.