In this issue, we publish five papers from Chile, Spain and the UK. The first explains job satisfaction and intentions to withdraw from a company due to workers' aversion to the risk of income loss. The second analyses the elements which influence the intellectual capital information reported by the companies when they are going public. The third studies the impact of adopting the IFRS international accounting standard on company results, in Chile. The fourth considers the impact of the characteristics of companies' management teams on sales and asset turnover. Finally, the last paper, studies nine wine-producing regions in the world in order to analyse the effects of the country or region's reputation on wine prices. The Spanish version can be found further on VERSION CASTELLANO ADELANTE. Five papers; are published on topics including human resources, general management, accounting, finance and marketing. The papers are from nine universities in three countries. Valle, Ruz and Varas (the first author is from the Finis Terrae University and the other two from the Adolfo lbáñez University) study the effect of workers' risk aversion on expected income and their intentions to withdraw from the company, in a sample of sales agents at a telemarketing and sales centre in Chile. The authors take a sample of 125 sales agents operating under a pay-for-performance system, who participated in surveys and control experiments. The data were subjected to structural equations using maximun likelihood estimations. The results indicate that the sale agents trade off their expected income with their risk aversion. Agents with more risk aversion have lower expected income. This behavior and the difference between actual performance and expected performance affect the employees' pay satisfaction and intentions to withdraw from the company. Alcañiz, Gomez-Bezares and Ugarte (Universidad de Deusto, Spain) look into the characteristics of the companies or the initial public offerings (0PIs) influencing the intellectual capital reported by the organizations in the IPO prospectuses when they are going public. The authors develop an original database based on Spanish IPOs between 1996 and 2007 (when the financial crisis began). The intellectual capital described in the IPO prospectus is determined through content analysis techniques followed by a statistical analysis. The authors found that the companies that reported more information about intellectual capital are high-tech were larger, in businesses, bigger companies and those whose stakeholders do not retain the majority after the IPO.
|Journal||Academia. Revista Latinoamericana de Administración|
Ogliastri, E. (2015). Editorial, ARLA. Academia. Revista Latinoamericana de Administración, 28(4), 438–441. doi:10.1108/ARLA-09-2015-0251