scholarly journals Regional Disparities and Spatial Dependence of Bankruptcy in Spain

Mathematics ◽  
2021 ◽  
Vol 9 (9) ◽  
pp. 960
Author(s):  
Manuel Rico ◽  
Santiago Cantarero ◽  
Francisco Puig

Firm survival, bankruptcy, and turnaround are of great interest nowadays. Bankruptcy is the ultimate resource for a company to survive when it is affected by a severe decline. Thus, determinants of firm turnaround and survival in the context of bankruptcy are of interest to researchers, managers, and policy-makers. Prior turnaround literature has broadly studied firm-specific factors for turnaround success. However, location-specific factors remain relatively unstudied despite their increasing relevance. Thus, this paper aims to evaluate the existence of spatial dependence on the outcome of the bankruptcy procedure. Economic geography and business literature suggest that location matters and closer companies behave similarly to further ones. For this purpose, we designed a longitudinal analysis employing spatial correlation techniques. The analyses were conducted on a sample of 862 Spanish bankrupt firms (2004–2017) at a regional level (province). For overcoming the limitations of the broadly usually logistic model employed for the turnaround context, the Moran’s Index and the Local Association Index (LISA) were applied with gvSIG and GeoDa software. The empirical results show that the predictors GDP per capita and manufacturing specialization are related to higher bankruptcy survival rates. Both characteristics tend to be present in the identified cluster of provinces with better outcomes located in the North of Spain. We suggest that location broadly impacts the likelihood of the survival of a bankrupt firm, which can condition the strategic decision of locating in one region or another. Our findings provide policy-makers, managers, and researchers with relevant contributions and future investigation lines.

Author(s):  
c. rodríguez-cabello ◽  
a. fernández ◽  
i. olaso ◽  
f. sánchez

discards represent a significant percentage of the total catches (up to 35%) in the north of spain trawl fishery. in the cantabrian sea (southern area of the bay of biscay), the estimated average total annual catch of small-spotted catshark (scyliorhinus canicula) is approximately 1500 tn, from which 80% is discarded. several experiments have been carried out in order to estimate the survival-rate of the small-spotted catshark caught by commercial trawlers in this area. the estimate of mean survival-rate from tagging surveys was 90% while from commercial trawlers it was 78%. several factors potentially influencing the survival-rate (sex, length, maximum depth fished, sorting time and trawl duration) were examined. no significant differences in survival-rates were found between males and females, and no strong relationships between survival-rate and depth fished, sorting time or trawl duration were evident. in commercial trawlers survival-rate was not dependent on the fish length.


Author(s):  
Jorge L. Villacís ◽  
Jesús de la Fuente ◽  
Concepción Naval

A renewed interest in the study of character and virtue has recently emerged in the fields of Education and Psychology. The latest research has confirmed the association between virtuous consistent behaviours and academic positive outcomes. However, the motivational dimension of character (the intentions underlying the patterns of observed behaviours) has received little attention. This research aims to extend the knowledge on this topic by examining the predictive relationships between the behavioural and motivational dimensions of character, with reference to academic engagement, career self-doubt and performance of Spanish university students. A total of 183 undergraduates aged 18–30 (142 of whom were women) from the north of Spain completed specific parts of self-report questionnaires, including the Values in Action VIA-72, a Spanish translated and validated version of the Moral Self-Relevance Measure MSR, and the Utrecht Work Engagement Student Scale UWES-S9. The collected data were analysed using Structural Equation Modelling. The behavioural dimension of character (character strength factors of caring, self-control and inquisitiveness) showed positive associations with academic engagement and performance. The motivational dimension of character (phronesis motivation), was negatively related to career self-doubt. For the first time, the present study has provided support for the contribution of both dimensions of character to undergraduate academic outcomes.


2000 ◽  
Vol 78 (11) ◽  
pp. 1420-1429 ◽  
Author(s):  
Theresa M Culley

Few studies of inbreeding depression have focused on species producing both showy, chasmogamous (CH) flowers and self-pollinated, cleistogamous (CL) flowers. The goals of this investigation were to measure the level of inbreeding depression in the North American violet, Viola canadensis L., and to determine if any fitness differences were linked to floral type (CH versus CL) rather than to cross type (self versus outcross). Hand pollinations were carried out to produce self- and outcross-pollinated CH progeny, and CL seeds were also collected. In a greenhouse, selfed and outcrossed CH flowers produced similar numbers of seeds, and both types of progeny had similar survival rates and comparable numbers of CH flowers, although outcrossed CH progeny had 14% greater vegetative biomass than selfed CH progeny. The level of inbreeding depression in V. canadensis was low, indicating that there may be few drawbacks to selfing in this species. A comparison of CL and self-pollinated CH progeny showed that, although there were differences in CH flower number, overall fitness differences were minimal. The similar performance of selfed (CL and CH) and outcrossed progeny in early life-history stages of V. canadensis suggests a history of inbreeding in the population.Key words: cleistogamy, inbreeding depression, outcrossing, selfing, Viola canadensis.


2016 ◽  
Vol 17 (1) ◽  
pp. 148-167 ◽  
Author(s):  
Mariachiara Barzotto ◽  
Giancarlo Corò ◽  
Mario Volpe

Purpose – The purpose of this paper is twofold. First, to explore to what extent being located in a territory is value-relevant for a company. Second, to understand if a company is aware of, and how it can sustain, the territorial tangible and intangible assets present in the economic area in which it is located. Design/methodology/approach – The study presents an empirical multiple case-study, investigating ten mid-/large-sized Italian companies in manufacturing sectors. Findings – The results indicate that the sampled manufacturing companies are intertwined with the environment in which they are embedded, both in their home country and in host ones. The domestic territorial capital has provided, and still provides, enterprises with workers endowed with the necessary technical skills that they can have great difficulty in finding in other places. In turn, companies support territorial capital generation through their activities. Research limitations/implications – To increase the generalisability of the results, future research should expand the sample and examine firms based in different countries and sectors. Practical implications – Implications for policy makers: developing effective initiatives to support and guide a sustainable territorial capital growth. Implications for managers and investors: improving managerial and investors’ decisions by disclosing a complete picture of the enterprise, also outside the firm boundaries. Originality/value – The study contributes to intangibles/intellectual capital literature by shedding light on the importance of including territorial capital in a company’s report to improve the definition of the firm’s value. Accounting of the territorial capital would increase the awareness of the socio-economic environment value in which companies are located and its use.


2012 ◽  
Vol 15 (6(Suppl 4)) ◽  
Author(s):  
A Rodriguez-Guardado ◽  
C Suarez ◽  
M Fernandez ◽  
M Rodriguez ◽  
O Martinez ◽  
...  

2005 ◽  
Vol 18 (2) ◽  
pp. 329-352
Author(s):  
Irnerio Seminatore

The emergence and evolution of the literature dealing with interdependence in the international System is looked into. An attempt is made to show its significance and main points as well as its implications. The debates on interdependence within the North-American political context are regarded as solutions to the preceding issues on dependence. Interesting passages are dedicated to the impact of the interdependence theory on the interpretation of the international system, as illustrated by two schools of thought in foreign policy (Kissinger-Brzezinski). Linkage of the tactical and strategic aspects to the economic and political interrelation of international relations, as put forward by policy makers, has brought to the fore the difficulties and limits of negotiation in the face of competition and in the aftermath of confrontation. This paper offers subtle, yet positive, conclusions on the use of the interdependance theory in international policy.


2016 ◽  
Vol 10 (11) ◽  
pp. 255
Author(s):  
Jhon Sebastian Castiblanco ◽  
Alcido Elenor Wander

The present study aims to analyze the competitiveness of the chain of sugarcane cluster that is located in Goianesia (Goiás state, Brazil) and in nearby municipalities like Barro Alto, Santa Rita and Vila Propicio. It was used Michael Porter’s Diamond of Competitiveness, which lets to study the competitiveness of a company, cluster or country, by four factors: demand conditions, factor conditions, context for firm strategy and rivalry and related and supporting industries. To build the Diamond of Competitiveness was used secondary and primary information, where the latter was collected by interviewing the key actors inside and outside the Jalles Machado, central company of the cluster analyzed. In terms of results they were found several interesting aspects that affect (positively and negatively) competitiveness of the cluster. It was identified, for instance, how investment in research and development, as well as the adoption of technology, are key for the central company of the cluster to facing the physical constraints of the Goianesian soil, and how this contribute to the cluster competitiveness against other actors that are in better conditions. In addition, the cooperation between cluster’s stakeholders - which makes the central company and its partners identify together the cluster's weaknesses and work on a solution- was identified as a key factor in creating competitive advantage. The paper presents the factors that affect both positively and negatively the competitiveness of Goianésia’s cane sugar cluster, leaving available the necessary inputs for policy makers drawing strategies for improving the competitiveness of this cluster.


2000 ◽  
Vol 6 (2-3) ◽  
pp. 352-358 ◽  
Author(s):  
W. Maziak ◽  
F. Mzayek ◽  
M. Al Moushareff

Characterizing the smoking habit in specific populations is important for health planners and policy-makers. We studied the smoking patterns of schoolteachers in Saraqeb, Syrian Arab Republic and found that 52.1% of males and 12.3% of females were current smokers. Male daily smokers smoked 20 +/- 1 cigarettes per day, females 10 +/- 4. Males had smoked for, on average, 16 +/- 1 years, females for 9 +/- 4 years. Daily smokers buying foreign brands spent 22.0% of their monthly income on cigarettes, while those smoking local brands spent 12.2%. Most teachers who smoked did so openly at school. Smoking among teachers should receive attention because it is closely related to the attitudes and practices of young people towards smoking


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