We study the market price reaction and liquidity impact that firms experience when they are incorporated into the differentiated corporate governance listing segments of the Sao Paulo Stock Exchange. The Brazilian market is of special interest since it allows us to analyze the effect of improved...

We introduce a family of goodness-of-fit statistics for testing composite null hypotheses in multidimensional contingency tables of arbitrary dimensions. These statistics are quadratic forms in marginal residuals up to order r. They are asymptotically chi-square under the null hypothesis when...

Este documento plantea un modelo de convergencia entre la gestión de la confianza, elemento clave para la colaboración entre empresas; la incorporación de los servicios web a la gestión de datos entre empresas y el comercio colaborativo. Dicho modelo, que se apoya en el trabajo de campo...

Franchise jobs are described as representing the epitome of the "low road" approach to managing employees. High turnover, little training, deskilled jobs, and little employee involvement, practices often seen as unsophisticated. Research on franchise operations suggests that their basic...

(WP 19/03 Clave pdf) This paper presents an exploratory study of IS competencies of business managers in Spain.Following resource-based theory and a knowledge-based view of IS competencies, an extensive review of the literature is conducted to identify a comprehensive list of IS competencies of...

(WP 09/03 Clave pdf) This study adopted a historical perspective to trace back outsourcing through examination of the case of cigarette manufacturing by poor Catholic nuns during 1817-1819, that is, from the launch of said product until the cessation of operations as a consequence of low demand....

Form postponement postulates that changes in product form occur at the latest possible point along a production and distribution process. The potential benefits of form postponement have been widely investigated in the literature on the subject. However, conflicting or hard-to-relate findings...