This is the third meeting of the Dean's Workshop, and Tulane is very proud to be a part of this effort. The main topic of the meeting was social responsibility and entrepreneurship from the perspective of education, finance and business.
DEAN’S WORKSHOP
Challenge or social responsibilities and entrepreneurship to business schools
First I would like to thank John Trapani and Dean Angelo DeNisi for inviting me to attend the Dean's Workshop and speak on Social Entrepreneurship Curricula in Business Schools. In the next 15 minutes I will share with you how the School of Management Universidad de los Andes has, in recent years, included the subject of social entrepreneurship in all our main activities.
In the case of alliances, a Company works closely with Associations or with other types of actors such as the Government, or NGOs. Another interesting example is the involvement of the School in The National Environmental Forum, an alliance between eight organisations, 7 environmental NGOs and our School.
In general, we worked on building bridges between our School and different stakeholders such as regional universities, companies, business associations, private foundations, non-governmental organizations, community-based organizations and social entrepreneurs. To consolidate UASM's regional positioning: social entrepreneurship and environmental management as distinguishing factors of the School.
Abstract
Social and business environments in general have enthusiastically adopted "Social Responsibility" in various organizations around the world. Social responsibility in general is defined as the moment in which an organization becomes aware of its environment and its role in it.
The Universidad de Monterrey
The UDEM has a clear vision of what they expect in the future: to be one of the top five Catholic universities in the Americas and the top in Mexico. Position of the UDEM as the best university in Latin America in terms of.
UDEM’S three social responsibility initiatives
Contributions from the citizens of life domains that are of their interest will strengthen democracy. The main purpose of the incubation phase is to create a new business based on innovation.
Conclusions, discussion and further challenges
He does his social work, choosing between one hundred and twenty projects in seventy institutions. The UDEM community makes a public commitment to be ready to act in any feasible and reasonable way to put together the pieces of the puzzle to achieve improvements that contribute to the social creation of value for local, regional, national and global communities.
BUSINESS ETHICS, CORPORATE SOCIAL RESPONSIBILITY AND SUSTAINABILITY: CURRICULUM REFORM, RESEARCH AND DIALOGUE AT ICADE IN THE CONTEXT OF THE BOLOGNA CONVERGENCE PROCESS OF EUROPEAN HIGHER EDUCATION. It comes at a time when the institution is embarking on a major reform of curricula at undergraduate and postgraduate level in the context of the Bologna process of convergence in European higher education.
The place of business ethics, CSR and sustainability in business education
Ethics, CSR and sustainability in business education in spain
The diversity of European approaches is likely due to several factors: the result of, among others, linguistic, cultural, religious, philosophical and educational differences, different business systems and practices, varied regulatory frameworks and the plethora of terms used to describe similar themes. to describe. It is an open question and an ongoing debate whether or not there is a Spanish version of education in corporate social responsibility and sustainable business.
Ethics, CSR and sustainability in business education at ICADE
Most material seemed to take the format of case studies more in line with postgraduate teaching strategies. In addition, there also appears to be a lack of up-to-date, relevant case studies for basic courses such as finance, organizational behavior and strategy according to representatives of the European Academy of Business in Society reported in the Wall Street Journal (2007:B7) ).
Conclusions
So, to be honest, we're not convinced that mainstreaming is the right approach for our school right now.
WHAT CAN LATIN AMERICAN SCHOOLS OFFER TO THE CHALLENGE OF SOCIAL RESPONSIBILITIES
Whether through bottom-of-the-pyramid business strategies, community engagement programs (e.g. popular in the extractive sector), outright philanthropy, a number of Latin American companies have attempted to improve their social records. and environmental (see IDB CSR Americas). For Latin America, the thaw has many negative consequences for economic growth and could reverse the social and economic reforms of the last decade.
SELECTED PAPERS
While negotiators with ambitious aspirations tend to outperform those with less ambitious goals (Zetik and Stuhlmacher, 2002), they are also more likely to experience delays. We further predict that the perceived agreeableness of negotiators with ambitious aspirations mediates the effect of aspirations on their counterparts' willingness to cooperate with them in the future.
Results
We used an adapted version of Rudman and Glick's (1999) Social Skills Index as a measure of negotiators' impressions of their counterpart's agreeableness. As a measure of their willingness to cooperate in the future, participants indicated on a scale of 1-7 how willing they would be to do this person a favor, to have this person on their team for a class project , to recommend this person for a job and involve this person in social activities with other classmates.
Discussion
Participants rated on a scale of 1 to 7 how much each of the following 11 words described the impression created by their negotiation partner: honest, kind, good listener, helpful, kind, likable, popular, sensitive to the needs of others, sincere, supportive and warm. In the next section, we briefly discuss the rationale behind each of our hypotheses, and then present the experiment and the statistical model we used to draw our conclusions.
Hypotheses
Therefore, our purpose is to explain the likelihood of consumer confusion for different types of goods. Therefore, we hypothesize that limited time product selection will be positively related and reduce the likelihood of confusion.
The experiment
Within the OTC models, we find that brand presence plays an important role in reducing confusion or moderating the effect of "me too" on confusion. Choosing a "me too" product while the brand is on the packaging is related to a lower likelihood of confusion compared to not having a visible brand.
Limitations & future research
In summary, our results provide evidence that “me too” products may or may not cause confusion depending on the product category. However, according to the most common results, to reduce the likelihood of "me-too" product confusion, marketing managers should work to strengthen consumer brand recall and, in some cases, improve in-package brand recognition.
MAKING DO WITH LESS: INCREASING THE HAPPINESS-TO-CONSuMPTION RATIO
Money can’t buy me love… or happiness
That is, if consumption behavior responds to a desire to satisfy existential needs, increases in material well-being can translate into higher happiness only as long as individuals seek to satisfy their lower-order needs. Recent research suggests that gratitude is a key factor in achieving well-being: a conscious focus on blessings appears to have benefits that in turn translate into happiness.
A grateful, experiential, and collectivist approach
H3: Diminishing returns in happiness, relative to wealth, are stronger for non-materialistic countries than for materialistic countries. H5: Diminishing returns in happiness, relative to wealth, are stronger for collectivist countries than for individualist countries.
Assessing world’s happiness
H4: Diminishing returns to happiness, relative to consumption entropy, are stronger for non-materialistic countries than for materialistic countries. H6: Diminishing returns to happiness, relative to consumption entropy, are stronger for collectivist countries than for individualist countries.
Preliminary results
Make do with less
OPTIMAL PORTFOLIO ALLOCATION FOR LATIN AMERICAN STOCK INDICES
Changes in the optimization inputs (standard deviations, expected returns, and covariances between assets) can cause significant changes in the optimal portfolio composition both cross-sectionally and in time series. In addition, this paper analyzes the risk-return performance of these optimal portfolios and compares it to an equally weighted portfolio (naive diversification).
Tangency portfolio composition
Next, the portfolios with minimum risk (Q) and maximum return (R) in the efficient frontier are identified. Next, the method requires analyzing a series of equidistant points (in terms of efficiency) that lie in the efficient boundary between Q and R.
Results and conclusions
From a practical point of view, the existence of stationarity in one of the series, e.g. imply a lower need for portfolio restructuring compared to a specific country investment. A possible extension of this paper would be to work with multivariate GARCH models to obtain forecasts of the variance-covariance matrix and thus of optimal portfolio weights and then compare the time stability and performance of these tangency portfolios with that of the portfolios analyzed in this paper.
THE LATIN AMERICAN CASE
As a second step, we solve the endogenous problem reported by Rajan and Zingales with panel data using the generalized method of moments. Finally, for Argentina and Mexico, we can partly explain the capital structure with the determinants used by Rajan and Zingales.
Keywords
On the other hand, for Argentina and Mexico we can partially explain the capital structures with the model. Institutional factors in China are more important than firm-specific factors in explaining the capital structure decision made by firms.
Data and methodology
Where: Lev corresponds to either debt over the book value of equity (Book Gearing) or Debt over Market Value of Equity (Market Gearing); Seaweed. Assets equal book value of tangible assets over book value of total assets; Market to book is measured as book value of debt plus market value of equity over book value of total assets; Log(Sales) corresponds to.
Analysis of results Descriptive Statistics
Second, Rajan and Zingales solve the endogeneity problem by using four-year averages for the explanatory variables. For Mexico we report similar results except for the size coefficient which is not statistically significant.
Concluding remarks
However, in the case of Latin America we find disappointing results and fail to conclude that US and Latin American firms have common determinants of capital structure. This may be due to the development of the capital markets of the last ten years in Latin America.
Literature review
The risk measure is known as the maximum drawdown which can be understood as the worst percentage change in an asset's price from its maximum (max) to its bottom in a specified period (t). As an alternative to optimizing the mean variance (MV), Reveiz and Leon suggest maximizing the cumulative return (or wealth creation according to the authors) after decreasing what is commonly known as the Calmar ratio.
Data and methodology Data
In addition, the risk-free rate in unreported results was also not dominant or dominated by the funds' returns. Given negative returns, the first partial moment informs the magnitude of the expected percentage loss.
Performance evaluation, fund selection and portfolio allocation applied to Proteccion’s voluntary pension fund 8
Regarding the performance of voluntary pension funds, we have observed a decline in fund performance and an increase in risk (by any metric) in recent years. Neither of the two voluntary pension funds analyzed showed short-term sustainability patterns, and instead, we documented rebound patterns.
Environment, literature synopsis and the proposed model
On the other hand, human psychology affects decision-making, so we focus on testing whether retail investors held bonds longer than was reasonable due to psychological biases. Our model (shown in Figure 2) relates to common reasons for decision-making under uncertainty the willingness of individuals to hold their position in government-issued bonds denominated in foreign currencies—measured as the time elapsed between the moment of allocation by government offices and bond sales in the secondary market—with the endowment effect, overreaction, and status quo bias, taking into account a few variables known to correlate with portfolio decision-making: loss aversion and gain-satisfaction.
Main hypothesis and experimental design
Analysis and final remarks
Formal hypothesis testing provides statistical evidence to reject the null hypothesis of no relationship between the endowment effect, status quo, and time of tenure, at conventional significance levels, with positive values as expected. On the one hand, some of the control variables were not useful in terms of statistical significance, especially genre, education level and knowledge as an investor.
SELECTED ABSTRACTS
EXPLORING THE RELATIONSHIP BETWEEN PERSONALITY TRAITS NEED FOR COGNITION, POSITIvE AND NEGATIvE
The choices and time estimates they had to make were related to the field of industrial construction, which could not interest most of the participants in the experiment, even those ranked high in NC. The results of the experiment show that, contrary to expectations, people with higher NA gave more importance to singular rather than distributional information.
CORPORATE FINANCIAL DISTRESS AND BANKRuPTCY LAWS IN COLOMBIA
And we found a positive relationship between return on assets (ROA) and the probability of bankruptcy, contrary to the relationship found by Altman (2000) and Shumway (2001), this positive relationship occurs when the economy recovers and firms overreact in terms of fixed asset investments with debt as the main financial source.
ANNEXES
PROGRAM
FREEMAN SCHOOL OF BUSINESS TULANE UNIVERSITY
March 25, 2009
Room 3101, Goldring Woldenberg Hall II
March 26, 2009
Room 3101, Goldring Woldenberg Hall II Dean’s workshop and larc seminars 11
In 2007, the Deans' Workshop was initiated as part of the Consortium's meeting to provide the deans of the top business schools in Latin America with a forum to share their programs and initiatives in leadership education in the region.
Management research seminars March 26, 2009
Finance research workshops March 26, 2009
Room 151, Goldring Woldenberg I
March 27, 2009
Dean’s meeting on faculty development doctoral programs at tulane 12
Management worshops March 27, 2009
Room 3110, Goldring Woldenberg II
Exploring the relationship between need to know personality traits, positive emotionality and negative emotionality, and information choices, time estimates, and level of trust. The moderating effect of global self-esteem on the relationship between two dimensions of Big Five personality factors (extraversion and negative emotionality) and subjective well-being (SWB): A Colombian case.
Finance research workshops March 27, 2009
Room 3111, Goldring Woldenberg II