Artículos (Contabilidad y Economía Financiera)

URI permanente para esta colecciónhttps://hdl.handle.net/11441/11126

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The role of multiple board directorships in sustainability strategies: symbol or substance?
(Springer, 2024) Bravo Urquiza, Francisco; Reguera Alvarado, Nuria; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera
Multiple board directorships are a global phenomenon in the business environment and have come under intense debate from regulators, professionals, and academics alike. At the same time, sustainability has become a major challenge for firms in the current scenario. The main objective of this paper is to investigate whether multiple directorships lead firms to symbolic or substantive sustainability strategies. After performing different methodological approaches and robustness tests, our findings highlight that multiple directorships lead to symbolic sustainable development by significantly intensifying environmental, social and governance (ESG) reporting practices, although this is not supported by substantial ESG actions. This symbolic behaviour is even more evident in socially and environmentally sensitive industries. Given the ongoing regulatory and professional discussions concerning multiple board directorships, the ever-increasing importance of sustainability and the significant consequences of symbolic ESG strategies, our paper has direct implications for firms in the selection of board members, as well as for regulators and professionals when refining their legislation and recommendations concerning boards.
Avoiding order reduction phenomenon for general linear methods when integrating linear problems with time dependent boundary values
(Elsevier, 2024) Alonso Mallo, Isaías; Reguera Alvarado, Nuria; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera
When applied to stiff problems, the effective order of convergence of general linear methods is governed by their stage order, which is less than or equal to the classical order of the method. This produces an order reduction phenomenon, present in all general linear methods except those with high stage order, in a manner similar to that observed in other time integrators with internal stages. In this paper, we investigate the order reduction which arises when general linear methods are used as time integrators when using the method of lines for solving numerically initial boundary value problems with time dependent boundary values. We propose a technique, based on making an appropriate choice of the boundary values for the internal stages, with which it is possible to recover one unit of order, as we prove in this work. As expected, this implies a considerable improvement for the general linear methods suffering order reduction. Moreover, numerical experiments show that the improvement is not only in these cases, but that, even when the order reduction is not expected, the size of the errors is drastically reduced by using the technique proposed in this paper.
Impact of fraud in Europe: Causes and effects
(Elsevier, 2024) Ramos, Sofía; Pérez López, José Ángel; Abreu, Rute Gomes; Nunes, Sara; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera
This research aims to explore the impact of fraud on society, in general, and in the European Union, in particular. Methodologically, this research is divided into two analyses. Firstly, a theoretical analysis based on a systematic literature review of fraud and its impact on society and the economy. Subsequently, an empirical analysis using a structural equation model to estimate its causes and effects, with a sample of key performance indicators (KPI) from 27 European Union countries between 2012 and 2020. The results present relevant KPI that are identified as causing fraud and provide sustainable evidence about their effects, which impact on the society. This research contributes, on the one hand, to identifying the causes of fraud so they must be avoided through measures and contribute to a paradigm shift. On the other hand, the literature review provides evidence of causes and effects of fraud, through several reasons why fraud is committed, identifying the effects that arise from fraud and the impact it causes on society, the economy, and the well-being of the citizen. These findings guide managers and researchers in approaching measures and public policies to mitigate fraud and improve citizen safety and well-being.
ESG Dimensions and Corporate Value: Insights for Sustainable Investments
(MDPI, 2024-08-27) Segura, Liliane Cristina; Naser, Abu; Abreu, Rute Gomes; Pérez López, José Ángel; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera
This study adopts an integrated approach to analyze the environmental, social, and governance (ESG) dimensions and their relationship with corporate value in terms of two separate hypotheses: financial performance and market value. While previous studies in the literature have researched ESG from an overall aspect, this study stands out by simultaneously considering all three dimensions individually, providing a holistic and detailed view of their combined impact on corporate value to obtain insights for sustainable investments. Another contribution to the literature is the best practices associated with dialogue with stakeholders, as this study significantly contributes to the ongoing debate regarding sustainable investments. It is very important to demonstrate the relationship between ESG dimensions and corporate value based on empirical evidence. Thus, this study fills a gap in the literature and offers a basis for future research on sustainable investments from a multidimensional perspective of ESG. A relevant contribution is a dataset that includes detailed information about ESG dimensions for 100 publicly listed companies on the B3 stock market in Brazil. This comprehensive research allows for a robust generalization of the results and proposes insights that can be applied in a variety of contexts, increasing the relevance and practical applicability of this paper.
Doble materialidad y credibilidad de la información sobre sostenibilidad: cuestiones clave y retos actuales
(Centro de Estudios Financieros, 2023) Bravo Urquiza, Francisco; Abad Navarro, María Cristina; Reguera Alvarado, Nuria; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera
El principio de doble materialidad es un aspecto clave en el reciente marco normativo europeo relativo a la divulgación de información corporativa sobre sostenibilidad. Nuestro trabajo revisa la evolución del concepto de doble materialidad y de los requisitos informativos en esta materia. En particular, nuestro estudio empírico examina, a través de un análisis de contenido de los estados de información no financiera, las prácticas de divulgación de información sobre materialidad de las empresas del IBEX 35. Nuestros resultados ponen de manifiesto que estas empresas publican de forma generalizada información basada en un enfoque de doble materialidad, aunque se aprecian aún deficiencias tanto en la cantidad como en la calidad de dicha información. A la luz de nuestros resultados, planteamos una serie de reflexiones e identificamos retos para las empresas, así como para reguladores, auditores e investigadores.
Positions on regulations affecting auditing and nonauditing activities
(Pontificia Universidad Católica del Perú (PUCP), 2014) López Gavira, María Rosario; Pérez López, José Ángel; Romero García, José Enrique; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera; Universidad de Sevilla. Departamento de Economía Aplicada I
The change in regulations that occurred in Spain in the domain of auditing has led to the analysis of regulations according to the positions adopted by different groups involved in the auditing market. The purpose of this study was to investigate the positions taken by professionals involved in this sector regarding those aspects of the law that regulate the provision of services other than the auditing of annual accounts, with a view to obtaining relevant conclusions for the regulation of the auditing activity. Findings show the existence of three professional subgroups according to the level of global prohibition of the incompatibilities analyzed and the level of importance assigned to the prohibitions in two important groups of prohibitions. The difference between these professional groups is analyzed in terms of their level of prohibition in comparison with the law. Other results show the most important variables for measuring a firm’s degree of independence.
Management and accounts of the disentailment process in Seville Cathedral (19th century): the sale of estates
(Elsevier, 2024) Caro Puro, Rocío; Hernández Borreguero, José Julián; Donoso Anés, Alberto; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera
Ecclesiastical disentailment has traditionally been associated with seizing real estate owned by "dead hands" for immediate sale. The administrative and accounting documentation of the Cathedral Chapter of Seville shows how it was forced to dispose of numerous properties in two phases during the 19th century. This was not carried out through confiscation but through orderly sales organised by the ecclesiastical institution itself, which is not mentioned in the historical-economic literature. This study analyses these alienations, their causes, procedures and consequences, as well as the financial problems the Cathedral Chapter of Seville faced, the application for numerous loans and the sale of real estate. The sales process, in our opinion, was serious, transparent and professional.
Dynamic resource management and slack resources
(Emerald, 2024) Agustí Pérez, María de las Aguas; Aguilar Caro, Rocío; Galán González, José Luis; Acedo González, Francisco José; Universidad de Sevilla. Departamento de Administración de Empresas y Comercialización e Investigación de Mercados (Marketing); Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera
Purpose – Organisational slack has been widely considered in strategic management, but there is a gap in understanding the process of accumulation and application of slack resources. From a dynamic perspective and over an extended period of time, this paper analyses the management of slack resources and evaluates whether the different behaviours, in relation to the accumulation and consumption of slack resources, have any effect on performance. Design/methodology/approach – The resource-based view and the dynamic extension of this theory, i.e. resource management and resource orchestration, were analysed in order to evaluate how slack resources can be managed and generate value. Assuming a configurational approach, the analysis was structured into two stages to answer the proposed hypothesis. The first stage studied whether there were different patterns of management of slack resources over time using the DistatisR package. The second stage evaluated which behaviours had the greatest impact in terms of profitability by using a dynamic panel data regression. Findings – Three different types of slack resource management were found in companies: efficient, effective and erratic. Different types do not have the same impact on performance. Originality/value – The dynamic management of slack resources has scarcely been considered, even during periods of crisis and economic expansion. This research advances the understanding of how firms transform slack resources into performance from a dynamic perspective.
Critical discussion regarding the valuation of the most relevant assets in soccer clubs: Auditorst’insights
(Universidad de Murcia, 2024) Martín Lozano, Francisco Javier; Carrasco Gallego, Amalia; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera
This paper proves that under current international accounting standards, the most relevant assets of all professional soccer clubs at year-end, players’ transfer fees, can be measured and disclosed at fair value. Research was based on a triangulation approach. Firstly, a theoretical discussion regarding the feasibility of Fair Value Accounting as opposed to Historical Cost Accounting as currently applied was carried out. Secondly, an extra-accounting assessment technique occasionally used by clubs was analysed in depth. Thirdly, qualitative research work was undertaken which included surveys and interviews with soccer clubs financial auditors. This work shows how unreliable the financial statements figures of these intangible assets in soccer clubs are, and consequently points to the lack of transparency generated by applying the inadequate currently accounting valuation. It also demonstrates the need to apply a valid and feasible external valuation technique at fair value complying with IFRS requirements. A new contribution is made using a valuation and disclosure proposal which could avoid current accounting misreporting, thus helping not only the football clubs’ stakeholders in their decision-making process, but also the UEFA with their "Financial Fair Play"1 regulation which monitors clubs finances.
Respuestas regulatorias penales al fraude financiero corporativo: un enfoque cualitativo el caso chileno
(Centro de Investigación ALAC, 2024) Clavería Navarrete, Alberto; Carrasco Gallego, Amalia; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera
Propósito: Las respuestas regulatorias y legales frente a los grandes escándalos contables ocurridos en las principales economías mundiales han sido abordadas por diversos autores, pero aún no se conoce la experiencia desde la perspectiva de los protagonistas de la realidad social de un país de economía emergente de América Latina, que ha experimentado situaciones similares, relacionadas con casos de fraude de alto impacto público, como es el caso de Chile. La investigación intenta comprender el nivel de preparación que posee el país para disuadir, de forma efectiva, los fraudes corporativos, y conocer si la experiencia de la Unión Europea puede ser un referente para enfrentar dicha problemática. Diseño/metodología/enfoque del estudio: Estudio exploratorio, de carácter cualitativo con diseño fenomenológico estructurado en base a entrevistas en profundidad con informantes claves del ámbito legal y académico, con experiencia principalmente en derecho penal, derecho civil y derecho administrativo chileno y comparado europeo. Hallazgos: Los hallazgos confirman que el país aún no presenta un nivel de preparación adecuado para modernizar y reformar en forma efectiva su marco regulatorio y legal relacionado con el fortalecimiento de los gobiernos corporativos y la disuasión de los fraudes financieros, según las opiniones manifestadas por los expertos.
Las normas europeas de divulgación de información corporativa en materia de sostenibilidad y la hipótesis de la Reina Roja
(Asociacion Espanola de Contabilidad y Administracion de Empresas, 2022) Abad Navarro, María Cristina; Bravo Urquiza, Francisco; Reguera Alvarado, Nuria; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera
La información sobre sostenibilidad ha adquirido una importancia sin precedentes, existiendo numerosas iniciativas para regular su divulgación, lo que ha dificultado su comparabilidad y fiabilidad. La emisión de la propuesta de Directiva sobre información corporativa en materia de sostenibilidad y el desarrollo paralelo de normas europeas de divulgación de información corporativa en materia de sostenibilidad por el European Financial Reporting Advisory Group (EFRAG), supone que la UE haya decidido asumir una posición de liderazgo a nivel internacional en la búsqueda de la ansiada comparabilidad.
La Academia Contable en España durante la transición de las Escuelas de Comercio a las primeras Facultades de Estudios Empresariales
(Asociación Española de Contabilidad y Administración de Empresas, 2024) Escobar Pérez, Bernabé; Garzón Molina, Irene; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera; Universidad de Sevilla. Departamento de Economía Aplicada I
Los orígenes de los estudios empresariales mayoritariamente se han recogido en literatura no académica como los aniversarios de las Escuelas de Comercio, de las Escuelas Universitarias o de las Facultades. Sin embargo, no conocemos que haya un estudio sistemático acerca de esa transición en general, ni tampoco en Contabilidad en particular. Por ello, el motivo de este estudio es contrastar empíricamente la afirmación de que los primeros profesores de las Facultades de estudios empresariales provenían de las Escuelas de Comercio y analizar los orígenes de los estudios empresariales con objeto de reconocer el papel de los académicos pioneros y describir dicha transición en el área de la Contabilidad en España. Para ello se han llevado a cabo entrevistas semiestructuradas con diversos participantes referentes de las primeras Facultades de estudios sobre el ámbito empresarial creadas en España.
La información narrativa de las empresas del Ibex 35: análisis del informe de gestión y del informe de resultados
(CEF. Centro de Estudios Financieros, 2023) Abad Navarro, María Cristina; Alcaide Ruiz, María Dolores; Bravo Urquiza, Francisco; Moreno Ureba, Elena; Reguera Alvarado, Nuria; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera
La información narrativa de los distintos documentos publicados por las empresas ha adquirido un papel importante en las estrategias de comunicación de estas. El objetivo de nuestro trabajo es analizar la información textual publicada en el informe de gestión y el informe de resultados de las empresas cotizadas en el Ibex 35 para el periodo 2018-2021. En particular, estudiamos el tono de la información publicada y la extensión de dichos documentos. Nuestros resultados ponen de manifiesto que las empresas del Ibex 35 no incorporan sesgos significativos en la información narrativa de informes de gestión e informes de resultados, que está marcada por un reducido nivel de optimismo y un alto nivel de realismo. Asimismo, tampoco se observan diferencias importantes en el tono de la información narrativa determinadas por el rendimiento económico de las empresas o por el año en el que se publican los documentos. Sin embargo, la extensión del informe de resultados y, especialmente de los informes de gestión, ha crecido significativamente en el periodo analizado, particularmente en las empresas con menor rendimiento.
Un análisis sucinto del Asiento de esclavos con Inglaterra (1713-1750) y el papel desempeñado por la contabilidad en su desarrollo
(CSIC, 2007) Donoso Anés, Rafael
En 1713, el Tratado de Utrecht daba fin a la Guerra de Sucesión al trono de España, ratificando el Asiento firmado entre España e Inglaterra, que otorgaba a la segunda el privilegio exclusivo, hasta ese momento tenido por Francia, del tráfico de esclavos negros en toda la América Española por un período de treinta años y cuyo desarrollo fue concedido por la reina Ana a la South Sea Company. El período investigado abarca hasta 1750, año en el que se firmaba un Tratado con Inglaterra que daba fin al citado Asiento. Este estudio nos ha permitido reconocer que la contabilidad desempeñó un papel destacado en el desarrollo de ese Asiento de negros y en la política internacional seguida por Patiño en su afán de hacer frente al contrabando inglés.
Scientific production on revenue management in tourism on Web of Science and SCOPUS
(Taylor & Francis, 2020) Domingo Carrillo, Miguel Ángel; Chávez Miranda, María Esther; Escobar Pérez, Bernabé; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera; Universidad de Sevilla. Departamento de Economía Financiera y Dirección de Operaciones
This research constitutes a bibliometric and content study work about research on Revenue Management in Tourism included in the Web of Science and SCOPUS databases between 1989-2013 (25 years-period). The study analyses the evolution and trend, the origin of the scientific production (by countries, authors, universities and companies, and the collaboration between them), its dissemination (journals) and content (research methods and Revenue Management strategies). A total of 293 works centred on Revenue Management in Tourism (638 signatures) of 433 authors from 183 universities and 56 companies which have been published in 67 journals have been identified and classified by the authors of this research in accordance with the measurements analysed. The results confirm an annual growth rate of 15.9%. The research originates in countries of the 5 continents, 2% of authors sign 83% of the production and most of this production comes from Universities (83%). Collaboration between institutions is around 27% of the cases. 6 journals accumulate 48% of the research published. Models and/or simulations are the research methodologies most used (59%), and capacity management (43%) the main strategy studied. The findings will facilitate both the design of future research and the establishing of collaboration strategies between authors and/or institutions.
Respuestas regulatorias penales al fraude financiero corporativo: un enfoque cualitativo el caso chileno
(Centro de Investigación ALAC, 2024) Clavería Navarrete, Alberto; Carrasco Gallego, Amalia; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera
Propósito: Las respuestas regulatorias y legales frente a los grandes escándalos contables ocurridos en las principales economías mundiales han sido abordadas por diversos autores, pero aún no se conoce la experiencia desde la perspectiva de los protagonistas de la realidad social de un país de economía emergente de América Latina, que ha experimentado situaciones similares, relacionadas con casos de fraude de alto impacto público, como es el caso de Chile. La investigación intenta comprender el nivel de preparación que posee el país para disuadir, de forma efectiva, los fraudes corporativos, y conocer si la experiencia de la Unión Europea puede ser un referente para enfrentar dicha problemática. Diseño/metodología/enfoque del estudio: Estudio exploratorio, de carácter cualitativo con diseño fenomenológico estructurado en base a entrevistas en profundidad con informantes claves del ámbito legal y académico, con experiencia principalmente en derecho penal, derecho civil y derecho administrativo chileno y comparado europeo. Hallazgos: Los hallazgos confirman que el país aún no presenta un nivel de preparación adecuado para modernizar y reformar en forma efectiva su marco regulatorio y legal relacionado con el fortalecimiento de los gobiernos corporativos y la disuasión de los fraudes financieros, según las opiniones manifestadas por los expertos.
Board’s financial expertise: a bibliometric analysis and future research agenda
(Springer International Publishing, 2024) Alcaide Ruiz, María Dolores; Bravo Urquiza, Francisco; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera
This paper runs a bibliometric analysis in order to present the characteristics and evolution of the publications of the research on board financial expertise. Our sample is composed of all the documents from the Web of Science for the period 1900–2020. The findings show that financial expertise research activity has grown exponentially, although in Europe it has been scantly developed. The analysis also reveals the most cited authors and papers, including the most frequent topics in this research area, highlighting that current trends are moving toward corporate social responsibility and ethical aspects. Potential research directions are also provided by suggesting specific research themes and conceptual approaches. This analysis has direct implications for academics in positioning their future research. The increasing importance of the assessment of scientific production has also made bibliometric studies have significant implications for universities and policymakers.
Barriers to the implementation of cost-effective in Spanish local authorities
(Taylor & Francis, 2021) García Fénix, Manuel Jesús; González González, José María; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera; Universidad de Sevilla. SEJ400: Grupo de Investigación Empírica en Economía Financiera y Contabilidad de la Universidad de Sevilla
This paper aims to analyse the main barriers to the forms of institutional work that have been developed to the implementation of Cost-Effective of Services in Local Governments (CESEL, in Spanish) in the Spanish local governments. The research methodology has consisted of a longitudinal case study conducted in the City Council of Seville that has extended in the period 2012–2018. The results have been interpreted according to the arguments of New Institutional Sociology. This paper contributes to the previous literature by proposing a theoretical model in which the institutional pressures of the context, the forms of institutional work carried out, the main barriers, the mediating factors and the actions of institutional work adopted by various actors are identified and related. As a consequence, the new cost system was configured as an instrument for improving the transparency, although with an almost null impact in the public services management.
Influencia del género en el desempeño de las instituciones microfinancieras: el caso de América Latina y el Caribe
(Universidad Catolica de Colombia, 2024) Paillacho Bolaños, Lisbeth; Palacín Sánchez, María José; Irimia Diéguez, Ana Isabel; Pérez López, José Ángel; Universidad de Sevilla. Departamento de Economía Financiera y Dirección de Operaciones; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera
El objetivo de esta investigación es determinar la influencia de la fuerza laboral femenina en el desempeño de las instituciones microfinancieras (IMF) de América Latina y el Caribe (ALCA). Partiendo de datos obtenidos en el MIX Market, se analizó la influencia de la mujer en puestos como oficiales de crédito, gerentes y consejeras, de 171 IMF en 18 países de la región durante el periodo 2010-2018, en la eficiencia, productividad, rendimiento financiero y alcance. Los resultados obtenidos muestran que las oficiales de crédito y las gerentes influyen de forma positiva en el desempeño en tanto que las consejeras lo hacen de forma negativa. No obstante, cuando se analiza la influencia de las consejeras en aquellos consejos donde tienen una participación mayoritaria, se observa un mejor desempeño. Se recomienda incrementar la participación femenina en la fuerza laboral de las IMF, especialmente en niveles gerenciales.
Los arrendamientos en el sector retail: analisis de la implementación de la NIIF 16
(Centro de Estudios Financieros, 2022) García Garrote, José Fernando; Abad Navarro, María Cristina; Universidad de Sevilla. Departamento de Contabilidad y Economía Financiera
The entry into force of IFRS 16 deserves special attention given the effects it may cause on the financial statements of listed companies. Throughout this document, we delve into the most relevant aspects of it and assess its impacts on the financial statements and the main financial indicators of the most representative groups in the retail industry. Results show that predictions formulated during the debate that took place before the standard was issued were correct. Leverage increases while assets turnover and return on assets decrease. There have also been positive consequences, as the increase in ebitda.

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