Investigación

URI permanente para esta comunidadhttps://hdl.handle.net/11441/10690

Esta comunidad enfocada en la investigación recoge artículos, capítulos de libros, libros, ponencias y datos fuentes de investigación.

This research-focused community collects articles, book chapters, books, presentations and research source data.

Examinar

Mostrando 1 - 4 de 4

Does compliance with corporate governance codes help to mitigate financial distress?
(Elsevier, 2021) Bravo Urquiza, Francisco; Moreno Ureba, Elena; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera
This paper analyzes whether the compliance with corporate governance codes helps to mitigate the financial distress of firms. We examine three different levels of compliance: overall compliance, the compliance with the recommendations regarding the board of directors and the compliance with the recommendations on board subcommittees. Our results reveal that only the fulfillment with the recommendations about the board of directors leads to a reduction in the likelihood of financial distress. These findings extend the academic debate concerning the role of governance codes and their impact on firm outcomes, and have practical implications for both professionals and firms. Moreover, our findings emphasize the need to distinguish between the different types of recommendations to investigate the effects of these codes. In addition, the results can be useful for policymakers in the configuration of new requirements and recommendations regarding corporate governance structures. Furthermore, our results contribute to the literature, delving into the determinants of the financial distress of firms.
Sustainable development disclosure: environmental, social, and governance reporting and gender diversity in the audit committee
(Wiley Online Library, 2018) Bravo Urquiza, Francisco; Reguera Alvarado, Nuria; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera; Ministerio de Ciencia e Innovación; Ministerio de Ciencia e Innovación (ECO2015-69637-R)
This paper analyzes the link between female representation on audit committees (ACs) and specific information attributes of environmental, social, and governance (ESG) disclosures. We also examine whether the role of women is moderated by the busyness and intensity of the committee. Our results reveal a positive association between gender diversity in the AC and the quality of voluntary ESG reporting, which results in greater comprehensiveness and relevance. These findings extend the academic debate concerning the role of female directors on sustainability policies. Moreover, given the importance of ESG information in capital markets and its potential benefits for firms, this evidence may help regulators and owners to implement adequate corporate governance mechanisms. In addition, the busyness of the AC negatively moderates the influence of female AC members. Therefore, we highlight the need to consider the context in which women work in order to understand their influence on sustainability reporting.
The influence of board social capital on corporate social responsibility reporting
(Emerald, 2022) Reguera Alvarado, Nuria; Bravo Urquiza, Francisco; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera
Purpose – The main objective of this paper is to analyze the influence of multiple directorships, as a critical component of board social capital, on CSR reporting. This study also explores the moderating effect of certain board attributes on multiple directorships. Design/methodology/approach – The authors’ sample is composed of Spanish listed firms in the Madrid Stock Exchange for the period 2011–2017. A dynamic panel data model based on the Generalized Method of Moments (GMMs) is employed. Findings – Relying on a resource dependence view, the authors’ results highlight an ambiguously positive association between multiple directorships and the level of CSR reporting. In particular, this relationship is positively moderated by both board size and gender diversity. Research limitations/implications – These findings contribute to academic debates concerning the value of board members intellectual capital. In particular, the authors emphasize the importance of board social capital, as well as the need to consider the context in which directors make decisions. Practical implications – This evidence may prove helpful to firms when configuring the board of directors, and for regulators and professionals when refining their legislations and recommendations. Originality/value – To the best of the authors’ knowledge, this is the first study that empirically analyzes the impact of an important element of board social capital, such as multiple directorships, on CSR reporting, which has become crucial in financial markets
The influence of corporate entrepreneurship strategy on SMEs’internationalization: proposing and testing a model
(Emerald, 2025) Baena Luna, Pedro; Martínez Román, Juan Antonio; Romero García, José Enrique; Liñán, Francisco; Universidad de Sevilla. Departamento de Administración de Empresas y Comercialización e Investigación de Mercados (Marketing); Universidad de Sevilla. Departamento de Economía Aplicada I
Purpose – This paper aims to propose and test a corporate entrepreneurship strategy (CES) model in small- and medium-sized enterprises (SMEs) with international activity located in Andalusia (Spain) – a peripheral region with high levels of inequality in the European Union (EU). Design/methodology/approach – A quantitative analysis has been carried out with data from 101 SMEs to contrast and analyze the proposed CES model. The sample data were obtained through questionnaire-guided interviews with chief executive officers. Data processing has been done using partial least squares-path modeling, a variance-based technique for structural equation modeling. Findings – The results of this study show the positive effect of environmental conditions on the development of CES actions in Andalusian SMEs (Spain) and the positive influence of CES on the results of SMEs’ international activity. In turn, environmental conditions do not directly affect the international activity. Originality/value – Although previous works address the relationship between corporate entrepreneurship (CE) and international enterprise activity, to the best of the authors’ knowledge, this work is original in testing a CES model (including CE and the entrepreneurial strategic vision) in SMEs in a region that has one of the lowest levels of development in the EU. The results have important implications for SMEs and policymakers and could be extrapolated to other emerging economies.

Examinar

Examinando Investigación por Premio "Premio Anual Publicación Científica Destacada de la US. Facultad de Turismo y Finanzas"