Spanish abstract: En este artículo sometimos a escrutinio el concepto de “racionalidad”, como ejercicio de la razón. Conforme avanzamos en la investigación quedó claro que esa razón está fundada en un conjunto de valores y principios que le dan validez como decisiones correctas a...

In this article we analyze the remuneration mechanism for the reduction of energy losses, through a dynamic principal-agent model in continuous time. The agent represents the power distribution company, which makes investments, or in other words, makes an effort to reduce energy losses. The...

In this article we analyze the remuneration mechanism for the reduction of energy losses, through a dynamic principal-agent model in continuous time. The agent represents the power distribution company, which makes investments, or in other words, makes an effort to reduce energy losses. The...

The traditional methods for the valuation of investments are based on the possibility of calculating discount cash flows. The present paper analyses the problem associated to investments on innovative products, which require an important demand of R&D. The mentioned investments present...

This article estimates the effect of the introduction of technologies and the effect of investing in innovation activities without the introduction of technologies on employment, using data from the Ecuadorian Innovation Survey and the Social Security Institute and applying the inverse...

Financing has been considered as a critical requirement for firm innovation projects. However, these projects are typically characterized by a high degree of uncertainty, complexity and specificity. As a consequence companies may find difficulties to obtain support from financial markets. By a...

This article estimates the effect of the introduction of technologies and the effect of investing in innovation activities without the introduction of technologies on employment, using data from the Ecuadorian Innovation Survey and the Social Security Institute and applying the inverse...

Hace 25 años, el CEDEP publicó mi libro, Los Grupos Financieros en el Ecuador. El libro, con 665 paginas, era una versión resumida y editada de mi Tesis de Grado como Economista de la Pontificia Universidad Católica del Ecuador (PUCE), presentada en agosto de 1989. El estudio construía...

The metal-working and aluminium industries are widely known as basic industries since their supply feed into a number of of other economic activities producing final goods. Additionally, these industries are classified as heavy industries since they require a substantial capital investment per...

In last years entrepreneurial orientation has generated an increased interest in the field of entrepreneurship. The literature review allows us to suggest the need to analyze the ambiguity and complexity of the relationship between entrepreneurial orientation and firms' performance. In this...