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Item type:Publication, Emerging market stock valuation: new evidence from Peru(Inderscience Publishers, 2020-12-22)There is still a debate regarding which valuation multiples can estimate the price of a stock. Nevertheless, recent research has not considered previous relevant findings and authors are still in an 'exploratory' phase that targets multiples randomly, without analysing intentionally developed and emerging markets separately. The purpose of the investigation is to determine how strongly do the valuation multiples preferred by the literature all around the world explain the price of the stocks in emerging countries such as Peru, through panel data multiple linear regression models. Specific delimitations based on the literature are considered. Results show that: a) the model composed by valuation multiples from different emerging markets studies correlates strongly with the stock price throughout 20 years of analysis; b) the model can be reduced to a very short but statistically solvent expression; c) the commodity-related business is introduced as a novel explanatory variable. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Does the 2030 Agenda generate happiness? A longitudinal approach to the SDGs vs. the wellbeing of the world(Conscientia Beam, 2024-01-01)This research aims to determine the relationship between the SDGs and the happiness of people in 40 developed and 114 developing countries since the 2030 Agenda initiative was implemented back in 2015. No literature measures such an impact and it is essential to start the debate on the matter. This study determined that the relationship between the SDGs and the world's happiness among the time horizons analyzed (2015-2021) is negligible through a set of panel data and multiple linear regressions. There is much greater structural happiness that comes from sources other than the 2030 agenda. However, although most of these relationships are negative, the classification of the statistically significant SDGs into Maslow's pyramid offers a novel view that allows prioritizing taking actions first on those SDGs associated with the most basic needs of people. This study offers opportunities for future research into why an initiative such as the 2030 Agenda which seeks to generate well-being has the opposite effect and proposes that the initiatives associated with the 2030 Agenda be first linked to the SDGs at the bottom of Maslow's pyramid and that they progressively ascend as positive correlations are achieved between the SDGs and people's well-being.2 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Impact of human factor management on company productivity: The moderating effect of digitalization(Cogent OA, 2024-01-01)The purpose of this research was to study the impact of human factor management on company productivity, with digitalization as a moderating variable, with emphasis on medium and large companies in the services sector, in Lima, Peru. This research has a quantitative approach and cross-sectional design. The technique used was structural equation modeling with the maximum likelihood estimation method. The study was carried out with a sample of 330 people from the banking sector in the city of Lima, in Peru. For statistical analysis, Confirmatory Factorial Analysis, and hypothesis testings, the SPPS AMOS tool was used. A conceptual model based on Dynamic Capability View theory was developed that allows us to better understand the phenomenon of the impact of human factor management on the productivity of companies, under the moderating effect of digitalization. As the main conclusions of this research, it was found that there is a positive relationship between the human factor management and the company productivity; likewise, it was found that digitalization has a moderating effect in the relationship between human factor management and productivity, with the exception of the human factor performance appraisal. These findings contribute to the existing literature and debate, as well as, allow to determine which dimensions of human factor management can be enhanced under the impact of a digital environment, thus contributing better to business performance. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Towards a Deeper Comprehension of Unlevered Betas in Emerging Markets: Gordon and a Regression Stock Valuation Model(Inderscience Publishers, 2023-01-01)Unlevered betas determination in emerging markets remains a challenge because of the lack of formal tropicalised procedures. Replication of methods built for developed markets only generate biases. The study proposes a standardised procedure through the match of two asset pricing models in order to calculate unlevered betas more appropriately for a specific industry in an emerging market. The paper found that the model proposed permits a successful calculation of an unlevered beta which significantly correlates with the one estimated through the market line's slope without recurring to any preconceived indicators from developed markets. Also, the CAPM is reconfirmed as an appropriate opportunity cost for valuation, but dismisses inflation and country risk as part of its composition. Additionally, the paper identifies the main challenges among unlevered betas' calculation in emerging countries and proposes future research opportunities regarding this issue.1 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, The Relationship Between Scientific Production and Economic Growth Through R&D Investment: A Bibliometric Approach(Phcog.Net, 2023-09-01)This quantitative bibliometric research measures the efficiency of investment in R&D for the 17 more relevant countries investing in R&D through a novel indicator based on the number of scientific articles (associated with stock markets), produced for every 1% of investment in R&D in terms of GDP. The study is justified by the need to deepen the relationship between investment in R&D and economic growth, and was conducted for developed and emerging countries separately, so that the understanding of which countries or regions’ investment in R&D and its consequent scientific production has the greatest impact over the size of their economies through innovation. Our findings indicate clearly that R&D investment strongly correlates to the economy’s size of the studied countries. In addition to finding our novel indicator statistically significant with respect to economic growth through a series of multiple linear regressions and proposing economic growth not statically, but as a dynamic cumulative effect over time, this becomes more relevant for emerging countries (represented in this study by China, Brazil, India, Russia and Turkey, or BRIC + Turkey) compared to developed ones, which decants into an opportunity for scholars and particularly governments to design or restructure their R&D policies towards innovation.1 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, How transformational leadership drives academic innovation through creative process engagement: conditional effects of psychological factors(Taylor & Francis, 2026-01-01)Transformational leadership has been extensively studied in corporate contexts, yet its mechanisms in knowledge-intensive professional environments remain underexplored. This study examines the mediating role of creative process engagement in the relationship between transformational leadership and innovative work behavior among university faculty in Ecuador (N = 543). Structural equation modeling revealed complete mediation through creative process engagement (standardized indirect effect β = 0.11, 95% CI [0.07, 0.15]), with no significant residual direct effect (β = 0.04, p = 0.457). Intrinsic motivation positively moderated the transformational leadership → creative process engagement relationship (β = 0.08, p = 0.032), while psychological empowerment exhibited unexpected negative moderation (β = −0.09, p = 0.019), revealing an 'academic autonomy paradox' wherein highly empowered faculty demonstrate reduced responsiveness to external facilitation. These findings challenge universal applicability of transformational leadership theory developed in hierarchical organizational contexts, necessitating theory reconceptualization for autonomous professional populations. Academic leaders should calibrate empowerment strategies carefully, recognizing threshold effects where additional autonomy provision may diminish leadership effectiveness, while emphasizing process facilitation competencies that enable creative thinking without imposing predetermined solutions.2 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Finance and women's well-being: a literature review(Cogent OA, 2025-01-01)The number of studies on finance, well-being, and women has increased in recent years. At a practical level, organizations seek to develop financial products for women. However, no study consolidates these findings for a better understanding of the theoretical and practical implications. This study offers a rigorous literature review in two stages. The first one is quantitative, through a bibliometric analysis on the relevant scientific-based literature validated by researchers such as Web of Science, Scopus and Dimensions, and supported on Bibliometrix. The second stage is qualitative, conducted through an interpretivist approach and that involved a description of terms, construction of content maps and relationships between terms, divergent interpretations and coding that led to a final concept map presentation. The main findings revolve around the great limitation that women still have to access financial literacy, particularly in emerging countries. It is suggested to create mechanisms and policies that reduce the gaps between men and women and allow the latter to better manage their finances for greater independence. Furthermore, these must be aimed at generating greater well-being that goes beyond the financial and that is not only carried out for particular interests.1 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Evaluating sustainable development goals through market capitalisation: where we are half way and future research ahead(Inderscience Publishers, 2025-01-01)The study shows the situation of the 2030 Agenda halfway between 2015 and 2030. The empirical study aims to determine which SDGs are positively correlated with market capitalisation of publicly listed companies. Through a multiple linear regression between the 17 SDGs and market capitalisation in 26 developed and 48 emerging countries, the study finds that, for the most part, SDGs are inversely correlated with the market capitalisation of the countries studied. Therefore, companies would tend to undertake initiatives only associated with those SDGs that are positively correlated (2, 3, 4, 6, 9, 12 and 17) with market capitalisation. This worrying inconsistency reflects a merely transactional implementation of initiatives, which becomes more acute depending on the type of country (developed or emerging). Seven potential factors are proposed as an explanation based on the rigorous literature review, and four relevant fields of future research are opened as a result of the study.2 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Customer-based brand equity and eWOM: the mediating effect of brand attachment in higher education(Cogent OA, 2025-01-01)The study aims to examine the relationship between customer-based brand equity, brand attachment, and electronic word-of-mouth in the context of higher education. Positive customer-based brand equity strengthens students' attachment to higher education institutions and encourages active sharing of experiences and opinions on social media platforms. This study used purposive sampling to select a sample of 707 postgraduate business students from business schools in Lima, Peru. The sample size was determined based on the total population and statistical power analysis, which guarantees an adequate sample size for robust analysis. Partial least squares structural equation modeling was used to test the proposed hypotheses. Results showed positive bilateral associations between customer-based brand equity and brand attachment and electronic word-of-mouth. Furthermore, brand attachment has a mediating role in the relationship between customer-based brand equity and electronic word-of-mouth. Additionally, customer-based brand equity can increase electronic word-of-mouth by directly increasing students' intention to share their experiences and indirectly fostering stronger brand attachment. Theoretical and practical implications of the association between study variables in higher education are discussed. Based on the results, specific strategies are proposed for practitioners to enhance the presence of higher education institutions on social media through student engagement in electronic word-of-mouth.2