Submitted by Vanessa Nunes (vnunes) on 2015-03-30T19:19:06Z No. of bitstreams: 1 FabianoChitolina.pdf: 1452813 bytes, checksum: 14fdc085bfa149405f3eaf042026ebe1 (MD5) / Made available in DSpace on 2015-03-30T19:19:06Z (GMT). No. of bitstreams: 1 FabianoChitolina.pdf: 1452813 bytes, checksum: 14fdc085bfa149405f3eaf042026ebe1 (MD5) Previous issue date: 2012 / Nenhuma / Não há consenso se e como, programas sócios ambientais criam valor para o acionista. Existem dificuldades em determinar este valor por ele se apresentar no longo prazo, por ser uma medida indireta ou, simplesmente, por não haver métricas de avaliação disponíveis, que respondam claramente essa questão. Diante dessa dificuldade e consequente necessidade acadêmica de avançar nesse tema, esta pesquisa busca verificar se existe relação entre a performance sócio-ambiental e os retornos econômicos. Para isso, busca-se identificar e analisar variáveis qualitativas que possam ser utilizadas como indicadoras do nível de performance sócio-ambiental das empresas, para, então, realizar testes estatísticos com o objetivo de agregar novas informações sobre essa relação no mercado brasileiro. As variáveis dependentes trabalhadas nesta pesquisa foram ROE, ROA, EBITDA, q de Tobin e o Beta 60 meses. Além disso, foi analisado se as vantagens econômicas de uma performance sócio-ambiental superior são mais relevantes para empresas manufatureiras, bem como com maior impacto ambiental. Os resultados do estudo apontam para ganhos econômicos em termos de valorização da empresa (q de Tobin aproximadamente 20% maior) e na redução do risco das empresas (beta 60 meses 9% menor). Ao mesmo tempo, não confirmaram a influência do fato da empresa ser manufatureira ou com diferentes graus de impacto ambiental. / There is no consensus to define if and how these programs create shareholder value. There are difficulties in determining this value in the long run, being an indirect measure or simply because there is no evaluation metrics available to answer this question clearly. Faced with this difficulty and the consequent need for academic progress in this subject, this research seeks to determine whether a relationship exists between the socio-environmental performance on the one hand, and economic performance on the other. To this end, this study seeks to identify and analyze qualitative proxies that can be used as an indicator of the level of socio-environmental performance of companies, then, to perform statistical tests in order to add new information about this relationship in the Brazilian market. The dependent proxies used in this research were ROE, ROA, EBITDA, Tobin's q and the Beta 60 months. In addition, we analyzed whether the economic advantages of a higher socio-environmental performance are more relevant to manufacturing companies, as well as whether they are more relevant to companies with higher environmental impact. The study results point to economic gains in terms of company valuation (Tobin's q approximately 20% higher) and in reducing the risk of companies (beta 60 months 9% lower). At the same they did not confirm any influence based on whether the company is in manufacturing or has different levels of environmental impact

Submitted by Fabricia Fialho Reginato (fabriciar) on 2015-07-04T00:25:59Z No. of bitstreams: 1 FernandoForneck.pdf: 601299 bytes, checksum: e36434223bba55de51e83aa3859934dc (MD5) / Made available in DSpace on 2015-07-04T00:25:59Z (GMT). No. of bitstreams: 1 FernandoForneck.pdf: 601299 bytes, checksum: e36434223bba55de51e83aa3859934dc (MD5) Previous issue date: 2011 / Nenhuma / O Objetivo deste trabalho foi verificar a relação existente entre o job embeddedness dos funcionários de uma instituição financeira o seu desempenho individual e da agência em que atua. Nesse sentido, foi realizada inicialmente uma pesquisa sobre a literatura existente sobre o conceito de job embeddedness, também foi verificado o que os estudos do ramo financeiro estavam pesquisando e foram levantadas algumas informações sobre esse ramo. O modelo teórico de Job embeddedness foi testado em uma amostra de 71 respondentes de uma instituição financeira localizada no Rio Grande do Sul no primeiro semestre de 2011. Foi sugerido, através da revisão teórica, que o nível de Job embeddedness dos gerentes dessa instituição possuía relação com o desempenho individual desse gestor e com o desempenho da agência. Como técnica de pesquisa, foi utilizada a análise de regressão. Os resultados indicaram que o vínculo pessoal com a organização possui relação positiva e significante com o desempenho do gestor, e que o sacrifício em deixar a organização possui relação negativa e significante com esse desempenho. Por outro lado, o estudo colaborou para verificar que o desempenho individual dos funcionários, possui relação positiva e significante com o desempenho financeiro de uma agência bancária, confirmando uma das hipóteses de pesquisa. Isso demonstra que outros estudos podem ser efetuados para verificar a relação desse conceito com índices de desempenho e buscar verificar o que influencia nesse desempenho individual do gestor. / The purpose of this study was to verify the existing relation between Job embeddedness of the employee of a financial institution and the individual performance and the performance of the bank where he works. In this case a research was made on the existing literature about this concept, it was also verified what the studies on the financial field were researching and some information was raised on this line. In the first semester of 2011 the Job embeddedness theoretical model was tested with 71 individuals of a financial institution located in Rio Grande do Sul. It was suggested through the theoretical review that the level of Job embeddedness of the managers of this institution had a relation with the individual performance of this person and the performance of the branch. The research technique used was regressive analysis. The results show that the link each individual has with organization is positively related to his or her individual job performance. Results also show that scarify to leave the organization is negatively related to individual job performance. On the other hand the study has helped to verify that the performance of managers has a strong and significant relationship with the financial performance of the bank, confirming the eighth hypothesis. This demonstrates that other studies can be made to check the relationship of this variable with performance and try to verify what influences the individual performance of a manager.

Economia e Gestão Internacional / Master in International Economics and Management / Este trabalho pretende analisar o impacto das práticas de Gestão de Recursos Humanos (GRH) e da Orientação Empreendedora (OE) no desempenho das empresas portuguesas. Adicionalmente, esta investigação pretende colmatar a lacuna existente relativamente ao caso português. Os dados foram recolhidos através de um inquérito às empresas portuguesas, seleccionadas a partir da base de dados SABI (Sistema de Análise de Balanços Ibérico). Os resultados sugerem que as práticas de GRH estão positivamente relacionadas com a rentabilidade das vendas e com a rentabilidade do investimento; as práticas de GRH e a OE estão positivamente relacionadas. Relativamente à OE, os dados não permitiram aferir com rigor a sua relação com o desempenho económico-financeiro das empresas. / This research aims to analyze the impact of Human Resource Management practices (HRM) and Corporate Entrepreneurship (CE) in the performance of Portuguese firms. This work aims to fill the gap for the Portuguese case. Data was collected through a survey to Portuguese companies that were selected from the SABI (Sistema de Análise de Balanços Ibérico) database. The results suggest: the HRM practices are positively related to return on sales and with return on investment; the HRM practices and CE are positively related. In what concerns to CE, data did not accurately assess its relationship with financial performance.

<p>Disertacija se bavi uticajem odnosa s medijima (MR) na pojedine organizacione i poslovne performanse, u preduzećima u Srbiji. Konkretno, diesrtacija obuhvata uticaj odnosa s medijima (MR) na zadovoljstvo komunikacijom (CS), korporativni kredibilitet (CC), finansijske performanse (FP), distancu moći (PD), orjentaciju ka budućnosti (FO) i su&scaron;tinsko transformaciono liderstvo (CTL). Podaci su dobijeni anketiranjem N = 394 srednja menadžera iz 123 preduzeća u Srbiji. Od metoda statističke obrade podataka kori&scaron;ćeni su: deskriptivna statistika, korelaciona analiza, regresiona analiza, t-test i hijerarhijska regresiona analiza. Osnovni zaključci istraživanja su: 1. Korelacije između uticaja odnosa s medijima i organizacionih i poslovnih performansi su statistički značajne, snažne i pozitivne, u najvećem broju slučajeva. Najveći uticaj na organzacione i poslovne performanse imaju savremeni mediji. 2. Odnosi s medijima imaju mali uticaj na korporativni kredibilitet, a taj uticaj se ostvaruje, pre svega, preko savremenih medija. 3. Među finansijskim performansama, odnosi s medijima naročito pozitivno utiču na trži&scaron;ni udeo i rast prodaje. 4. Za povećanje organizacionih performansi, preduzeća bi posebno trebala da posvete pažnju savremenim medijima, kao i prisutnosti direktora u medijima. 5. Za povećanje finansijskih performansi, preduzeća bi posebno trebala da posvete pažnju, kako savremenim, tako i tradicionalnim medijima, pri čemu prisutnost preduzeća u medijima ima prednost nad prisustvom direktora u medijima. 6. Unapređenjem odnosa s medijima, preduzeće stvara dobru osnovu za podizanje nivoa organizacionih i poslovnih performansi.</p> / <p>The dissertation deals with the impact of media relations (MR) on certain organizational and business performances in Serbian companies. Specifically, the dissertation deals with the impact of media relations (MR) on communication satisfaction (CS), corporate credibility (CC), financial performance (FP), power distance (PD), future orientation (FO) and core transformational leader behaviour (CTL). The data were obtained using questionnaires completed by N = 394 middle managers from 123 companies in Serbia. The statistical methodologies that were used in the data analysis are: descriptive statistics, correlation analysis, regression analysis, t-test and hierarchical regression analysis. The main conclusions of the study are as follows. 1. The correlations between the media relations items and organizational and business performance are statistically significant, strong and positive, in most cases. Modern media have the greatest impact on organizational and business performance. 2. Media relations have little impact on corporate credibility, and that influence is achieved primarily through modern media. 3. In terms of financial performance, media relations have a particularly positive influence on market share and sales growth. 4. To increase organizational performances, companies should pay close attention to modern media, as well as to the presence of the CEO in the media. 5. To increase business (financial) performance, companies should pay considerable attention to both modern and traditional media, while the company&rsquo;s media presence has an advantage over that of the CEO.</p>

El propósito de la presente investigación es resolver las principales controversias que giran alrededor la responsabilidad social corporativa. Teniendo como principal objetivo conocer el grado de influencia e impacto de su aplicación en la reputación corporativa y el rendimiento financiero en las empresas del sector Retail, específicamente en los supermercados de Lima Metropolitana del año 2018. Para lograr esto se utilizó como modelo principal las cuatro dimensiones de la responsabilidad social corporativa planteadas por Carroll. El trabajo consta de un marco teórico en el cual se define tres temas importantes: la responsabilidad social corporativa, reputación corporativa y el rendimiento financiero. En segundo lugar, se encuentra el plan de investigación estableciendo el problema, hipótesis y objetivos de la investigación así como la metodología a utilizarse. Después, se realizó el desarrollo a través de entrevistas en profundidad a expertos dentro del rubro y encuestas a personas que cumplieran con el perfil delimitado para el estudio. Como consecuencia, en el quinto capítulo se desarrolla el análisis de cada uno de los instrumentos realizados. Por último, esta investigación termina con conclusiones y recomendaciones para todo aquel que busque conocer el grado de relación e impacto entre las Responsabilidad social corporativa, Reputación corporativa y Rendimiento financiero generadas a partir del análisis realizado. / The purpose of the present investigation is to resolve the main controversies of corporate social responsibility. Having as main objective to know the degree of influence and the impact of its application on corporate reputation and financial performance in companies in retail sector, specifically in the supermarkets of Lima Metropolitana in 2018. To achieve this, it was used as main model the four dimensions of corporate social responsibility proposed by Carroll. The work consists of a theoretical framework in which three important topics are defined: Corporate social responsibility, Corporate reputation and Financial profitability. Secondly, is found the research plan establishing the problem, hypothesis and objectives of the investigation as well as the methodology to be used. Then, the development was carried out through in-depth interviews with experts within the sector and surveys with people who met the profile defined for the study. Finally, the analysis of each of the instruments performed. This research ends with the conclusions and recommendations generated from the analysis accomplished. / Tesis

This thesis consists of an introductory chapter and four self-contained essays on financial performance and capital structure. Essay I assesses the strength of strategic inputs into profitability among firms within several sub-sectors within the industrial service sector in the U.S. and Sweden. In this study we employ an ordinary least square regression. The results, coupled with structural observations on production sectors, suggest that significant differences may indeed occur in both productivity and pricing in the two systems, i.e. the U.S. and Sweden. Essay II estimates the impact of operating costs and cost of debt on revenue, profit generation and asset retention in public housing companies in Sweden. A general conclusion to draw from the empirical results is that expentitures on consolidated maintenance is not only associated with short-term rental revenues, but undoubtedly long-term viability as well. Further, first difference results suggested that negotiated rents produced operating profits that kept pace with revenues over the time period of study. Essay III examines the impact of selected financial and contextual variables on managers’ decisions to appropriate funds to tax allowances in small firms in Sweden. The motive for appropriating to the tax allocation reserve is twofold. First, the tax allocation reserve is intended to lower the tax levy on investments financed with internally generated income. Second, it creates a possibility for firms to smooth income over a number of years. The results, from the logistic regression, suggest that financial performance, financial position and prior appropriations do impact on managers’ decision to appropriate. Essay IV examines the association between the two sides of the balance sheet based on financial statement information from small firms in Sweden The results of the multivariate canonical correlation analysis provides some support to the hypotheses that firms develop patterns, in their use of assets and their financing.

The purpose of the current study was to examine the level of support for innovation and individual creativity as potential mediators of relationship between managerial task performance, managerial contextual performance, organizational financial performance and employee performance in non-profit sport organizations in Turkey. For the purpose of the study, 721 volunteer managers and employees from 21 Department/School of Physical Education and Sport (D-SPES) and 23 Province Directorates of Youth and Sport (PDYS) were participated in the study. Individual Creativity Scale, Support for Innovation Scale, Managerial Task Performance Scale, Managerial Contextual Performance Scale, Organizational Financial Performance Scale, and Employee Performance Scale were used for data collection. Results of the Structural Equation Modeling (SEM) analysis revealed that the model adequately describes the data for the sample and the fit indices were all within the acceptable thresholds. The model accounted for 68% variance in support for innovation, 0.7% variance in individual creativity and 44% variance in employee performance. These results suggested that support for innovation and individual creativity significantly mediate the effects of managerial task performance, managerial contextual performance and organizational financial performance on employee performance.

This study investigates the relationship between corporate social performance (CSP)and corporate financial performance (CFP) within the context of a particular CSPelement: environmental investment. Two models of the determinants of companies’environmental investment are estimated in order to capture the difference betweenfirms’ actual and expected level of environmental investment. The regressionresiduals are used as our measure of corporate social performance. Both market-basedand accounting-based measures of financial performance are applied to representcorporate financial performance. With the analysis of a sample encompassing 223Chinese heavy-polluting companies, we have found that it is more likely to observe asignificantly positive relationship between firms’ environmental endeavors and theiraccounting-based financial performance among firms that are more active to disclosecorporate information. Besides, building on our empirical findings that corporatesocial performance is positively correlated with accounting-based financialperformance but has no correlation with market-based financial performance, wesuggest a priority for managers from Chinese heavy-polluting industries when theyfulfill social demands of various stakeholders.

Στην μελέτη αυτή εξετάζονται μία σειρά από συναφή ζητήματα τα οποία συνδέονται άρρηκτα μεταξύ τους: Α) Πως μετριούνται οι κοινωνικές επιδόσεις των εταιρειών; Β) Ποιες συνέπειες μπορεί να έχει μία καλή κοινωνικώς απόδοση; Γ) Ποιες σχέσεις τεκμηριώνονται εμπειρικώς ανάμεσα στην απόδοση σε κοινωνικούς όρους και στην απόδοση σε οικονομικούς όρους. Δ) Είναι εφικτό ένα κοινωνικό συμβόλαιο μεταξύ επιχειρήσεων και κοινωνίας; Ποια μορφή μπορεί αυτό να πάρει; Ε) Τι ρόλους καλείται να παίξει και πως η Κοινωνική Λογιστική των Εταιρειών; Ποια επιμέρους είδη Κοινωνικής Λογιστικής έχουν αναπτυχθεί και ποιες σκοπιμότητες-χρησιμότητες υπηρετούν; ΣΤ) Τι εννοείτε ως ηθική συμπεριφορά στον Τραπεζικό τομέα; Ζ) Case-Study: «Η Alpha Bank» / In this study i examine, throw desk research, a series of related issuew which are closely connected: A) How the Corporate Social Performance is measured? B) What consequences can have a socially good performance? C) Which relationships are empirically documented between corporate social performance and corporate financial performance? D) Is it feasible a social Contract between corporation and society? E) Which roles has been called the Micro-Social Accounting to play? What kinds of Micro-Social Accounting have been developed and which scope does each serve? F) What do we mean as ethical behaviour in banking sector? G) Case-Study: “Alpha Credit Bank”

While several studies examine the managerial structure of privately owned agribusinesses, few studies take a comprehensive look at publically traded agribusiness firms. Our study examines the historical position of agribusiness compared to the market, and then studies the impact of the global economic and financial crisis. The objective of this study is to pinpoint effects of corporate financial management strategies, commonly researched in financial literature on agribusiness firms’ performance. Through utilizing a quantile regression we find that agribusiness position in times of financial crisis is directly related to firm performance. As we examine internal factors, several interesting impacts of managerial factors emerge. These results are useful for agribusiness firms seeking to improve their performance, as we show which management strategies related to capital structure, and firm size are associated with an increase in profitability based on the performance record of the agribusiness. Additionally, we examine how these factors impact internal financial distress of the agribusiness firms. Our conclusions clarify the impact of traditional financial management techniques on agribusiness firms and lead to questions for further research. Ultimately, the presented research provides a foundational knowledge of corporate agribusinesses financial performance.