Family SME’s internationalization: Disentangling the influence of familiness on Spanish firms’ export activity

ABSTRACT This paper studies the relationships between family involvement and internationalization of family SMEs, examining the effects exerted by the three main dimensions that comprise the concept of familiness: power, experience, and culture. Disentangling the influence of familiness dimensions lead us to discover the combined effects of family’s governance, generation and culture on SMEs’ export…

Offshoring in the Spanish footwear industry: A return journey

ABSTRACT During the 1990s and the first decade of the twenty-first century, outsourcing and offshoring constituted one of the most significant changes made by companies throughout the world. However, in more recent years, the process of offshoring manufacturing activities has been subject to reconsideration by some industry leaders, which has led to cases of bringing…

Rothschild strategies in non ferrous metals international markets (1830-1940)

ABSTRACT The aim of this article is to analyse the strategies employed by the Rothschilds up to 1940 to gain control and limit competition in the international non-ferrous metals markets. It examines how they opted for inelastic demand products of highly concentrated supply which lent themselves to market control (mercury, nickel, lead, and copper and…

Who is afraid of the big bad ban? An evaluation of the effects of the clean air law on expenditure at hospitality venues

ABSTRACT Background In January 2011 Spain modified clean air legislation in force since 2006, removing all existing exceptions applicable to hospitality venues. Although this legal reform was backed by all political parties with parliamentary representation, the government’s initiative was contested by the tobacco industry and its allies in the hospitality industry. One of the most…

Green shoots and double dips in the Euro area. A real time measure

Camacho, M., Pérez Quirós, G., y Poncela, P. 2014, International Journal of Forecasting 30: 520-535. Abstract: In order to perform real-time business cycle inferences and forecasts of GDP growth rates in the euro area, we use an extension of the Markov-switching dynamic factor models that accounts for the features of the day-to-day monitoring of economic developments,…

The Euro-Sting revisited: the usefulness of financial indicators to obtain euro area GDP

Camacho, M., y Garcia Serrador, A., 2014, The Euro-Sting revisited: the usefulness of financial indicators to obtain euro area GDP. Journal of Forecasting 33: 186-197.

Output gap and non-linear convergence

Beyaert, A., García-Solanes, J., Journal of Policy Modelling, 36, 1, 2014, pp. 121-135. Abstract: We apply unit root tests in a multivariate TAR model with bootstrapping simulations to assess the influence of short-run economic conditions on long-run economic convergence and to extract economic policy implications. We use two different groups of countries whose members share important…