Drawing on stakeholder-agency theory and the earnings management framework, we explore the relationship between discretionary accounting accruals and corporate social responsibility. We hypothesize a positive connection between corporate social responsibility and earnings management. We argue...

Definir el papel que juega el sistema financiero en general, y los bancos en particular, a la hora de facilitar las inversiones y crecimiento de las empresas, impulsar la adopc ión de innovaciones tecnológicas y las mejoras en la productividad, o en la mejor supervisión de la actuación de...

En este trabajo utilizamos una base de datos formada por 13247 empresas españolas para el periodo 1996-2000 y estudiamos el efecto de la presencia de instituciones financieras –bien sea como accionista o como acreedor- en las practicas de manipulación de beneficios (earnings management) de...

El objetivo del presente trabajo consiste en identificar el socio más adecuado para llevar a cabo una cooperación tecnológica. Con esta finalidad, proponemos un modelo empírico que interrelaciona las motivaciones para cooperar, la elección del socio tecnológico y el impacto que éste tiene...

In the framework of Cognitive Approach, this paper proposes a new method to identify strategic groups (SG) using Data Envelopment Analysis (DEA) methods. Two assumptions are maintained in the SG literature: first, firms grouped together value inputs and outputs similarly, and, second, some...

Using data from 3,638 Spanish firms between 1996 and 2000, this article studies the relationship between the presence of large shareholders in the ownership structure of firms and R&D investment. Consistent with our theoretical contention, our results indicate that the impact of large...

There exists research relating management concepts with productivity measurement methods that offers useful solutions for improving management control in the public sector. Within this sphere, we connect agency theory with efficiency analysis and describe how to define an incentives scheme that...

In this article, we empirically assess the impact of the Corporate Ethical Identity (CEI) on the firm’s financial performance. Drawing on formulation of both normative and instrumental stakeholder theory, we argue that firms with a strong ethical identity achieve greater degree of stakeholder...