Journal of Economics, Finance and Administrative Science
URI permanente para esta comunidadhttps://hdl.handle.net/20.500.12640/4090
La Journal of Economics, Finance and Administrative Science (JEFAS), de la Universidad ESAN, es una publicación académica de acceso abierto que presenta investigaciones revisadas por pares en administración, economía y finanzas, con un enfoque en el contexto latinoamericano e iberoamericano. Fundada en 1992 como Cuadernos de Difusión, en 2009 cambió de nombre a su actual denominación como JEFAS. Ha evolucionado en colaboración con importantes editoriales, como Elsevier y actualmente Emerald Publishing. La revista publica investigaciones de alta calidad sin costo para los autores, con el respaldo de ESAN y su compromiso con la difusión del conocimiento científico y académico, y la práctica gerencial.
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Ítem Solo Metadatos Global strategies for domestic firms in emerging economies in a world of multinationals: toward a model(Universidad ESAN. ESAN Ediciones, 2002-12-30) Li, MingfangAn issue little studied in the field of global strategic management is that of the strategies that local companies in emerging economies must adopt to effectively face the challenges of a globalized economy replete with multinationals. This article explores key dimensions of local business strategies, reviews the main elements of business strategies, corporate strategy, global orientation and the mixture of competitive approaches. It then integrates these dimensions and strategic elements into a conceptual framework that identifies viable types of strategies so that local companies in emerging economies can compete effectively with their powerful and resource-rich counterparts. The research considers previous contributions, limitations and future lines of research.Ítem Solo Metadatos Enterprise UNIONISM in crisis in Japan(Universidad ESAN. ESAN Ediciones, 2004-06-30) Suzuki, HiromasaDuring the last decades, the unionization rate in Japan has been decreasing, while new forms of employment and outsourcing practices are imposed. In this context, the author analyses whether trade unions can continue to be considered legitimate representatives of workers and if they are responding to their aspirations. The first part of the work examines the achievements of trade unionism in companies between 1945 and 1980, while the second part exposes the problem areas identified since in 1991 the economic conditions of Japan changed substantially as a result of global competition and, in As a consequence, the companies restructured their activities, which included a reduction in employment and new locations in China.Ítem Solo Metadatos Factors influencing the adoption of microenterprises and their impact in rural Guatemala(Universidad ESAN. ESAN Ediciones, 2004-12-30) Gennrich, NicolasThere is a growing consensus that non-agricultural income represents an important source for household support in rural areas, as the resources from agricultural production are insufficient. One wonders to what extent microenterprises (MEs) help to fight poverty and what factors motivate households to form an ME. The present investigation was carried out in El Quiché, Guatemala, a province very affected by extreme poverty, malnutrition and disintegration, due to the civil war that lasted 36 years. It is found that ME is the most significant factor in household income, but unlike what is expected, its effect on housing and nutrition is limited. Regarding the significant factors in the decision to form a ME, they include human capital, social capital, types of crops and market access. The work also explores the effect of collective activities, such as commercialization, on the development of the ME, since the implementation of fairs and community stores contributes considerably to the reduction of transaction costs and the expansion of the market.Ítem Solo Metadatos Cross-cultural construct complexity: an initial empirical analysis of Perú(Universidad ESAN. ESAN Ediciones, 1999-12-30) Luque, Mary Sully de; Matute, GenaroCross-cultural scholars continually request empirical research that broadens the complexity of culture. We examine the effects of culture following the broad conception of cultural constructs as cultural syndromes that are multifaceted. Based on past theoretical and empirical research, this study identifies three cultural syndromes, Individualism Collectivism, Tolerance for Ambiguity and Status Identity, with the objective of utilizing original and existing conceptually sound measures of these constructs. The dimensionality of these constructs was assessed through the development and analysis of responses from a sample 0f226 Peruvian managers and experienced employees. Results provide support for the multi-dimensionality of these dimensions.Ítem Solo Metadatos An empirical study of the relationships betwen corruption, capital leakages and country risk: part I(Universidad ESAN. ESAN Ediciones, 2006-06-30) Bouchet, Michel; Groslambert, BertrandThis paper investigates the relationship between corruption and capital flight in developing countries. Part I tackles the challenge of defining and measuring capital flight, as well as the various root causes of expatriated savings. Our research contributes to the corruption and capital market literature in several ways. First, the issue of capital flight has attracted less attention than that of external capital inflows in emerging market countries. In particular, capital flight has kept a low profile in academic circles until the late 1990s. In addition, research often looks at capital flight as a portfolio issue, and very few studies consider corruption as a «push factor». Second, our paper looks at why capital flight deserves renewed interest, as the globalization of financial markets broadens investment diversification opportunities for domestic residents. Increasingly, official agencies express concern regarding the recycling of generous development aid flows and heavy borrowing in the international capital markets outside the developing countries’ economies. In the aftermath of the G-7 1996 Cologne meeting, larger and broader debt relief, coupled with a strong emphasis on sustainable development policies, focuses on the urgency of capital flight repatriation. Third, we assume that corruption combines two kinds of centrifugal forces for capital leakages: corruption-driven money leaves a country because of fear of being caught by the tax and judiciary authorities; in addition, money leaves a country because of fear that a corrupt government will not provide a stable and conducive environment for safe savings and profitable investment. In Part II of our research, we test the assumption that the higher the level of corruption, the less conducive the national environment for private investment, and the greater the capital leakages.Ítem Solo Metadatos Developing economies and the Asia-Pacific economic cooperation forum-APEC: intrabloc trade and attraction of foreign direct investment from region(Universidad ESAN. ESAN Ediciones, 2008-06-30) Rodríguez, ChristianSince one of the main goals of the APEC is to facilitate the international trade and investments among its members, it is said that taking over APEC presidency (as Peru in 2008), will contribute to foster trade and attract investments from member economies. But, is there any pattern which allows quantifying the benefi ts resulting from this kind of commitment? After evaluating the trade statistics of APEC developing economies ever since the creation of the Forum in 1989, it can be inferred that presiding APEC does not guarantee an increase in its trade with the rest of APEC economies. Right after hosting the summit, its imports grow higher compared with its exports, but there is not any conclusive information on the growth of foreign direct investment (FDI). Nevertheless, even though the growth of trade and FDI attraction from APEC other member economies does not rely exclusively on taking over the Forum’s Presidency, this commitment is a unique opportunity to promote trade with the planet’s most important economic bloc.Ítem Solo Metadatos International law and the role of APEC in the gobernance of economic cooperation within the Asia Pacific region(Universidad ESAN. ESAN Ediciones, 2008-06-30) Davidson, Paul J.The cumbersome administrative process of trading in the Asia Pacifi c region has lead to propose the creation of a Free Trade Area of the Asia Pacifi c Region (FTAAP), as part of the governance structure. In this respect, the Asia Pacifi c Economic Cooperation (APEC) would play a major role regarding the setting of guidelines for economic cooperation and a free and open approach to investments. It is also provided that APEC’s legal framework may be applied to the economic activities which have not been regulated by other international agreements, offering advantages as adapting to the real conditions of each state and the standardization of the already existing regulations. However, this non-binding framework, (soft law), does not foreclose, but complements the OMC’s binding legal framework (hard law).Ítem Solo Metadatos International banking: its role in Florida's economy at the outset of the twenty-first century(Universidad ESAN. ESAN Ediciones, 2001-12-30) Roussakis, Emmanuel; Thomakos, DimitriosOne of the most remarkable economic developments of the 1970s for the State of Florida was its emergence in the international financial world. Florida's economy which until then was essentially relying on tourism agriculture and the construction industry began during the 1970s to gradually acquire a new dimension--international banking. Florida's proximity to Central and South American markets its bilingual population and the promulgation by the state of international banking legislation have all contributed to Miami's emergence--both nationally and internationally--as a specialized Latin American banking center.With international banking a major financial activity its impact is felt throughout the Florida economy. Employment and office expenditures have a direct effect on local income. However the total economic impact of international banking activities on the local economy is even more important when the multiplier effect of all direct and indirect expenditures associated with international banking is factored in. The purpose of this study is to describe the size and composition of international banking activities in Miami and to identify the effects of these activities for Miami-Dade County and more broadly for the Florida economy. To quantify this information a survey was undertaken in February 2000 among banking institutions in Miami-Dade. * Although other financial institutions such as security firms provide international services this survey was limited to commercial banks and Edge Act corporations.Ítem Solo Metadatos Derivatives usage by non-financial firms in emerging markets: the Peruvian case(Universidad ESAN. ESAN Ediciones, 2009-12-30) Martín, Miguel Angel; Rojas, Wolfgang; Eráusquin, José Luis; Yupanqui , Dayana; Vera, ÉdgarFinancial derivatives markets have reached a remarkable development in recent years but this pattern has not attained the same strength in developing countries. In consequence an important question arises: what is the development degree of financial derivatives markets in emerging countries and which variables influence the use of derivatives in the top companies? To analyze this topic Peru has been chosen as a reference and the Non-Financial Firms as well. In order to enhance objectivity an empirical study has been conducted through a structured survey directed to chief financial managers of companies classified among the TOP 1000 in the country. This information was collected in order to explain the effect of the determinants that influence the development of financial derivatives in Peru. The results show that the use of derivatives in Peru is low and the relevant factors affecting its development are the degree of training in derivatives and the market regulation. This outcome suggests that there should be patterns of behaviour for market agents and government entities to promote the use of derivatives as well as provide information for future research that might contribute to establish the most adequate mechanisms for market-development purposes.Ítem Solo Metadatos Effectiveness measurement: when will we get it right?(Universidad ESAN. ESAN Ediciones, 2009-12-30) Dwyer, Rocky J.Credible demonstration of policy or program impacts depends on understanding the distinction between inputs outputs outcomes and indicators. Moreover in order to be trusted public reports on a programs' performance need to focus more selectively on identifying the key measures of performance. In the first place the aim of the article is to provide those involved in the practice of program evaluation with enhanced understanding of the current literature reports and documentation on estimating impacts and results of government programs and policies. Secondly it is designed to share definitions and guidelines used to determine economic impacts. Finally this article includes current best practices involved in measuring incremental impacts all of which we contend enable program evaluation staff providing them with new ways of approaching measurement effectiveness and accountability in a strategic and comprehensive manner.
