The aim of this study is to analyze the relationship among diverse factors that explain the use of derivatives for the fulfillment of hedge operations. The independent variables (related to flexibility) that explains the dependent variable (level of utilization of the derivatives) are:...

The objective of this study was to verify the influence of profitsharing/gainsharing plans on the performance of value drivers. The drivers evaluated were: growth of sales, investment in working capital, investment in fixed capital, operating profit margin, income tax rate, cost of equity, cost...

The theory of finance and the theory of strategic planning can be viewed as two cultures that investigate the same problem, despite the differences in language and approach that make them apparently incompatible. In this theoretical essay, it is suggested a new perspective for studies in...

The purpose is to investigate the existence of a causal relationship in organizational levels of slack, risk, and corporate performance. The starting point is the assumption that the amount of organizational slack is a determining factor of risk reflected by the company, as well as of its...

This paper examines the behavior of the exchange rate over the long term from the perspective of the purchasing power parity theory (PPP) model developed empirically by Cassel and of the model proposed by Basso originating from the Marxist benchmark, which emphasizes prices and productivities to...

The resource-based view (RBV) appears as a more comprehensive theory than the neoclassical theory to explain value creation in the capitalist system. RBV emphasizes the role of strategic resources to the firm. Barney (1991) adopts the standpoint that the stock of strategic resources is important...

The presente study has as theme the influence of proftisharing and gainsharing programs on financial and non-financial value drivers. The drivers evaluated in this survey were: growth in sales, investment in working capital, investment in fixed capital, operating profit margins, income tax rate,...

In the spirit of discussion of theoretical alternatives, we present the Asset-Attitude Approach that aims to bring new concepts to the study of competitive advantage. Although assets, as related to resources and capabilities, do not represent a new concept, the AAA introduces the importance of...

In 1542, the Spanish conquistador Francisco de Orellana led an expedition into the heart of the Amazon jungle. The Spanish were looking for El Dorado, the mythic civilization possessing indescribable treasures in the form of gold and silver that the Indians claimed existed within the dense...

In accordance to Resource Based View (RBV), the main cause of the variety of firm's performance in the market lies on the specific nature of their resources and accumulated competences. Nevertheless, the majority of explicative variables are qualitative what makes it hard to quantify and...