Arce, Oscar; Campa Fernández, José Manuel; Gavilán, A.
How do different financing conditions affect investments, allocation of credit and output across sectors? IESE's José M. Campa, Óscar Arce, of the Bank of Spain, and Ángel Gavilán, of BBVA, explore financing conditions in the construction sector in a number of OECD countries during the decade prior to the 2007 financial crisis. Their findings present an interesting model, with salutary lessons for investors.
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.
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.
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?
Costa-Font, Joan; Mas Canal, Núria; Navarro, Patricia
A host of fast-food enterprises are starting to address obesity and diet-related diseases, so as to be part of the solution instead of contributing to this global problem. Obesity has many causes, but as new research by IESE's Núria Mas and others suggests, there is a robust association between globalization and both obesity and calorie intake. Their findings should be relevant to MNCs involved in the sale of products high in sugar, salt, fat or calories.
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.
A variable remuneration scheme can create value or, if it is poorly designed and implemented, destroy it. When it discourages rather than motivates employees, not only do you fail to achieve the expected results, but you pay extra for something that is detrimental to the company. IESE's Pablo Maella offers recommendations aimed at strengthening the incentive effect.
Ferrer, Juan Carlos; Rocha e Oliveira, Paulo; Parasuraman, A.
The hard cost of flight delays came sharply into focus when the European Court rejected appeals by airlines to avoid paying compensation to passengers for late flights. Yet the soft cost of delays may be even more significant than airlines realize, costing them valuable customers, as a new study on the behavioral consequences of repeated flight delays reveals.
Stein Martínez, Guido; Gallego, Manuel
An analysis of 111 major Spanish companies shows that CEO dismissal due to poor management increases when the board is dominated by members who are proprietary directors, that is, shareholders themselves or representatives of major shareholders, and/or who belong to the boards of other companies.