cometadata/datacite-titles-descriptions-related-identifiers huggingface dataset:
DOI: 10.6084/m9.figshare.11965647
title: The Double Role of Financial Covenants in Bond Issues in Brazil

description: Abstract Purpose: This study aims to identify the relationship between the use of financial covenants and the cost of borrowing via bonds issued by firms in Brazil. Design/methodology/approach: The sample comprised 269 bond series issued by 106 publicly-listed companies from 2010 to 2016. Covenants were sampled manually from the indentures and prospectuses of these issues. A distinction was made between covenants that must be fulfilled by the firm issuing the debt and those that create obligations for another firm that has a secondary liability to the issuer’s creditors. A linear regression model was constructed to test the relationships between these covenants and the spreads paid on the bonds. Findings: The results indicate that covenants that must be observed by the issuer are used as a complementary mechanism to the risk premium charged by creditors. In turn, covenants that bind guarantors constitute a mechanism to substitute the risk premium, reducing the spread. These findings show that financial covenants play a double role in bond issues in Brazil and that the role varies depending on the firm that is responsible for complying with the covenant. Originality/value: This paper contributes to the literature by showing that the effect of financial covenants on the cost of debt varies as a function of which firm must fulfill the covenant. It therefore demonstrates that it is essential to control for the responsibility to fulfill covenants when measuring their effect on the cost of debt.
DOI: 10.6084/m9.figshare.11965647.v1
title: The Double Role of Financial Covenants in Bond Issues in Brazil

description: Abstract Purpose: This study aims to identify the relationship between the use of financial covenants and the cost of borrowing via bonds issued by firms in Brazil. Design/methodology/approach: The sample comprised 269 bond series issued by 106 publicly-listed companies from 2010 to 2016. Covenants were sampled manually from the indentures and prospectuses of these issues. A distinction was made between covenants that must be fulfilled by the firm issuing the debt and those that create obligations for another firm that has a secondary liability to the issuer’s creditors. A linear regression model was constructed to test the relationships between these covenants and the spreads paid on the bonds. Findings: The results indicate that covenants that must be observed by the issuer are used as a complementary mechanism to the risk premium charged by creditors. In turn, covenants that bind guarantors constitute a mechanism to substitute the risk premium, reducing the spread. These findings show that financial covenants play a double role in bond issues in Brazil and that the role varies depending on the firm that is responsible for complying with the covenant. Originality/value: This paper contributes to the literature by showing that the effect of financial covenants on the cost of debt varies as a function of which firm must fulfill the covenant. It therefore demonstrates that it is essential to control for the responsibility to fulfill covenants when measuring their effect on the cost of debt.
DOI: 10.6084/m9.figshare.14326741
title: Discrepancy between prescribed and real work: the case of outsourced service contract supervisors at federal universities in the state of São Paulo

description: Abstract Purpose: The article aims to identify the specificities and complexity of the work of public servants who act as contract supervisors, by evaluating their prescribed work and actual work. Design/methodology/approach: For this purpose, semi-structured interviews were conducted with 14 public servants with additional service contract supervisory roles at three federal universities in the state of São Paulo. Findings: The results reveal the practice of designating contract supervisory roles when civil servants enter into public service, even though they have no previous experience or specific training, which causes great difficulties on a day-to-day basis. Originality/value: Public and private organizations should reflect on the way they organize work, which is affected by the rigidity of institutional norms, causing experiences of suffering, fear, and occupational diseases. There should be a focus on people management policies and the human and behavioral development of workers. These actions are important for the development of skills that enable greater integration of the different areas of knowledge, in order to achieve results for the organization, without wearing down teams.
DOI: 10.6084/m9.figshare.14326741.v1
title: Discrepancy between prescribed and real work: the case of outsourced service contract supervisors at federal universities in the state of São Paulo

description: Abstract Purpose: The article aims to identify the specificities and complexity of the work of public servants who act as contract supervisors, by evaluating their prescribed work and actual work. Design/methodology/approach: For this purpose, semi-structured interviews were conducted with 14 public servants with additional service contract supervisory roles at three federal universities in the state of São Paulo. Findings: The results reveal the practice of designating contract supervisory roles when civil servants enter into public service, even though they have no previous experience or specific training, which causes great difficulties on a day-to-day basis. Originality/value: Public and private organizations should reflect on the way they organize work, which is affected by the rigidity of institutional norms, causing experiences of suffering, fear, and occupational diseases. There should be a focus on people management policies and the human and behavioral development of workers. These actions are important for the development of skills that enable greater integration of the different areas of knowledge, in order to achieve results for the organization, without wearing down teams.
DOI: 10.6084/m9.figshare.14326742.v1
title: The Divergent Influence of Social Responsibility on Employee Engagement through the Lens of Marital Status: Evidence from Higher Education Institutions

description: Abstract Purpose: This research paper has two purposes. Firstly, it aims to study the influence of social responsibility on employee engagement in a non-business setting, particularly higher education institutions. Internal Corporate Social Responsibility and Perceived Roles of Ethics and Social Responsibility were used to measure the social responsibility aspect. Secondly, the study further explores the difference between two heterogeneous groups of academics. Design/methodology/approach -A quantitative approach and non-probability judgmental sampling method were used in this research. A self-administered questionnaire containing the respondents’ demographic information and the main constructs of the research framework was distributed among the respondents targeted. Partial least squares structural equation modelling was used to assess the predictability of the model and a multi-group analysis was conducted to examine the differences between the non-married and married academics. Findings: The findings reveal that Perceived Roles of Ethics and Social Responsibility and Internal Corporate Social Responsibility are significantly related to academics’ Employee Engagement. The conclusion is that ethics and social responsibility have a similar influence in a non-business setting, such as a higher education institution. An insignificant result is obtained for the two heterogeneous groups of non-married and married academics. Originality/value: This research paper provides informative insights on the roles of ethics and social responsibility in a non-business setting, i.e., higher education institutions. It also complements the understanding of their insignificant influence on married and non-married academics. This serves as good information for higher education institutions’ administrators for devising alternative means to improve academics’ engagement in the workplace.
DOI: 10.6084/m9.figshare.14326742
title: The Divergent Influence of Social Responsibility on Employee Engagement through the Lens of Marital Status: Evidence from Higher Education Institutions

description: Abstract Purpose: This research paper has two purposes. Firstly, it aims to study the influence of social responsibility on employee engagement in a non-business setting, particularly higher education institutions. Internal Corporate Social Responsibility and Perceived Roles of Ethics and Social Responsibility were used to measure the social responsibility aspect. Secondly, the study further explores the difference between two heterogeneous groups of academics. Design/methodology/approach -A quantitative approach and non-probability judgmental sampling method were used in this research. A self-administered questionnaire containing the respondents’ demographic information and the main constructs of the research framework was distributed among the respondents targeted. Partial least squares structural equation modelling was used to assess the predictability of the model and a multi-group analysis was conducted to examine the differences between the non-married and married academics. Findings: The findings reveal that Perceived Roles of Ethics and Social Responsibility and Internal Corporate Social Responsibility are significantly related to academics’ Employee Engagement. The conclusion is that ethics and social responsibility have a similar influence in a non-business setting, such as a higher education institution. An insignificant result is obtained for the two heterogeneous groups of non-married and married academics. Originality/value: This research paper provides informative insights on the roles of ethics and social responsibility in a non-business setting, i.e., higher education institutions. It also complements the understanding of their insignificant influence on married and non-married academics. This serves as good information for higher education institutions’ administrators for devising alternative means to improve academics’ engagement in the workplace.
DOI: 10.6084/m9.figshare.14326744
title: Expected Return, Firm Fundamentals, and Aggregate Systemic Risk: An Analysis for the Brazilian Market using an Accounting-Based Valuation Model

description: Abstract Purpose: This paper examines the ability of Lyle, Callen, and Elliott’s (2013) valuation accounting model in estimating expected returns (cost of capital) in the Brazilian capital market. Design/methodology/approach: To test the model’s ability to generate expected returns (cost of capital), as well as to predict prices, Fama-Macbeth’s (1973) monthly cross-sectional regressions were used. Sensitivity to different risk factors, particularly to the whole (systematic) economy risk, was also tested to forecast returns using a two-stage approach. Findings: The results showed that even under different conditions, the accounting model evaluated has unsatisfactory performance with emerging country data, during the analysis period. Moreover, the sensitivity of return to the risk factors employed was not a determinant for the forecasts. However, the findings showed consistency for price forecasting, and the evidence was consistent with the work applied in the American market. Originality/value: For the Brazilian case, the model failed to capture the dynamics of asset returns, showing that the capital market under analysis has its own characteristics and requires a methodology that considers this.
DOI: 10.6084/m9.figshare.14326744.v1
title: Expected Return, Firm Fundamentals, and Aggregate Systemic Risk: An Analysis for the Brazilian Market using an Accounting-Based Valuation Model

description: Abstract Purpose: This paper examines the ability of Lyle, Callen, and Elliott’s (2013) valuation accounting model in estimating expected returns (cost of capital) in the Brazilian capital market. Design/methodology/approach: To test the model’s ability to generate expected returns (cost of capital), as well as to predict prices, Fama-Macbeth’s (1973) monthly cross-sectional regressions were used. Sensitivity to different risk factors, particularly to the whole (systematic) economy risk, was also tested to forecast returns using a two-stage approach. Findings: The results showed that even under different conditions, the accounting model evaluated has unsatisfactory performance with emerging country data, during the analysis period. Moreover, the sensitivity of return to the risk factors employed was not a determinant for the forecasts. However, the findings showed consistency for price forecasting, and the evidence was consistent with the work applied in the American market. Originality/value: For the Brazilian case, the model failed to capture the dynamics of asset returns, showing that the capital market under analysis has its own characteristics and requires a methodology that considers this.
DOI: 10.6084/m9.figshare.14326745.v1
title: Test of a safety culture model from a management perspective

description: Abstract Purpose: The importance of developing theoretical models and their empirical validation, capable of explaining safety performance within organizations, has been pointed out by the scientific community. Fernández-Muñiz, Montes-Peón, and Vazquez-Ordáz (2007) proposed a model that integrates dimensions considered as determinants of safety culture to explain safety performance, which was tested with Occupational Health and Safety technicians of Spanish companies. This study aims to verify if that theoretical model obtains empirical support in the Portuguese context, considering the supervisors’ perspective. In addition, it also aims to contribute to the adaptation of the measurement instrument, which allowed for the empirical test of the model in the Portuguese context. Design/methodology/approach: The study conducted is quantitative with a cross-sectional study design. In total, 174 supervisors at different levels of supervision, in different Portuguese companies from different activity sectors, participated in the study. Data were gathered through the Portuguese version of the instrument developed by the authors of the model (Fernández-Muñiz et al., 2007). Findings: The results partially confirm the proposed model wherein supervisors play a determinant role in the development of safety culture and thus in the safety performance of organizations. Originality/value: This study addresses one of the demands present in the literature, having empirically tested a model that aims to explain the safety performance of organizations, expanding its application to the management perspective and to a different national context. The results emphasize the role supervisors may play in the development of safer organizations.
DOI: 10.6084/m9.figshare.14326745
title: Test of a safety culture model from a management perspective

description: Abstract Purpose: The importance of developing theoretical models and their empirical validation, capable of explaining safety performance within organizations, has been pointed out by the scientific community. Fernández-Muñiz, Montes-Peón, and Vazquez-Ordáz (2007) proposed a model that integrates dimensions considered as determinants of safety culture to explain safety performance, which was tested with Occupational Health and Safety technicians of Spanish companies. This study aims to verify if that theoretical model obtains empirical support in the Portuguese context, considering the supervisors’ perspective. In addition, it also aims to contribute to the adaptation of the measurement instrument, which allowed for the empirical test of the model in the Portuguese context. Design/methodology/approach: The study conducted is quantitative with a cross-sectional study design. In total, 174 supervisors at different levels of supervision, in different Portuguese companies from different activity sectors, participated in the study. Data were gathered through the Portuguese version of the instrument developed by the authors of the model (Fernández-Muñiz et al., 2007). Findings: The results partially confirm the proposed model wherein supervisors play a determinant role in the development of safety culture and thus in the safety performance of organizations. Originality/value: This study addresses one of the demands present in the literature, having empirically tested a model that aims to explain the safety performance of organizations, expanding its application to the management perspective and to a different national context. The results emphasize the role supervisors may play in the development of safer organizations.
DOI: 10.6084/m9.figshare.14326748
title: The Role of Family Character in Cooperation Agreements

description: Abstract Purpose: This paper aims to study the differences between family and non-family firms when establishing cooperation agreements. Design/methodology/approach: The empirical research was conducted using a sample of 1,848 firms, of which 828 are family firms. The use of statistical regression estimation is based on the binary logistic model. Findings: The results show important differences between family and non-family firms in relation to interfirm cooperation and the innovation capacity of the firms, their quality concerns, and their ability to develop external relationships. Originality/value: This paper contributes to the literature by offering new insights in relation to cooperation strategies in family firms, analyzing the effect on the different types of cooperation due to the diverse nature of the chosen partner, as well as the effect of certain internal capabilities of the firm.
DOI: 10.6084/m9.figshare.14326748.v1
title: The Role of Family Character in Cooperation Agreements

description: Abstract Purpose: This paper aims to study the differences between family and non-family firms when establishing cooperation agreements. Design/methodology/approach: The empirical research was conducted using a sample of 1,848 firms, of which 828 are family firms. The use of statistical regression estimation is based on the binary logistic model. Findings: The results show important differences between family and non-family firms in relation to interfirm cooperation and the innovation capacity of the firms, their quality concerns, and their ability to develop external relationships. Originality/value: This paper contributes to the literature by offering new insights in relation to cooperation strategies in family firms, analyzing the effect on the different types of cooperation due to the diverse nature of the chosen partner, as well as the effect of certain internal capabilities of the firm.
DOI: 10.6084/m9.figshare.14326750
title: Reflections of Information Sharing and Collaborative Innovation in the Social Responsibility of Cooperatives

description: Abstract Purpose: This study analyzes the reflections of information sharing and collaborative innovation in the social responsibility, in its environmental, economic, and social dimensions, of cooperatives that form part of strategic alliances. Design/methodology/approach: A survey was conducted of managers of Brazilian agricultural cooperatives that have strategic alliances and 91 valid questionnaires were obtained. The data collected were analyzed through structural equation modeling. Findings: Information sharing had positive effects on collaborative innovation and the environmental dimension of social responsibility. No significant relationships were found between information sharing and social responsibility, in the economic and social dimensions, nor between collaborative innovation and social responsibility, in the environmental and economic dimensions. Originality/value: The main contribution of the research is to examine the links between information sharing, collaborative innovation, and social responsibility. The study provides empirical evidence that information sharing between cooperative partnerships favors the exploration of new knowledge/technologies. It also reveals that information sharing helps social responsibility in its environmental dimension by providing information that can contribute to reducing the environmental impact of the activities of cooperative alliances. However, it suggests that information sharing influences collaborative innovation and social responsibility in its environmental dimension, but not in its economic and social dimensions.
DOI: 10.6084/m9.figshare.14326750.v1
title: Reflections of Information Sharing and Collaborative Innovation in the Social Responsibility of Cooperatives

description: Abstract Purpose: This study analyzes the reflections of information sharing and collaborative innovation in the social responsibility, in its environmental, economic, and social dimensions, of cooperatives that form part of strategic alliances. Design/methodology/approach: A survey was conducted of managers of Brazilian agricultural cooperatives that have strategic alliances and 91 valid questionnaires were obtained. The data collected were analyzed through structural equation modeling. Findings: Information sharing had positive effects on collaborative innovation and the environmental dimension of social responsibility. No significant relationships were found between information sharing and social responsibility, in the economic and social dimensions, nor between collaborative innovation and social responsibility, in the environmental and economic dimensions. Originality/value: The main contribution of the research is to examine the links between information sharing, collaborative innovation, and social responsibility. The study provides empirical evidence that information sharing between cooperative partnerships favors the exploration of new knowledge/technologies. It also reveals that information sharing helps social responsibility in its environmental dimension by providing information that can contribute to reducing the environmental impact of the activities of cooperative alliances. However, it suggests that information sharing influences collaborative innovation and social responsibility in its environmental dimension, but not in its economic and social dimensions.
DOI: 10.6084/m9.figshare.14326753
title: Risk measures and the risk-return paradox: an analysis in the context of the economic crisis

description: Abstract Purpose: The purpose of this study is to analyze, in the context of the last economic crisis, the prediction capacity of the different risk measures and the relationship between risk and return. Design/methodology/approach: We selected three risk measures constructed using annual accounting data obtained from Spanish companies. A logistic regression was then developed to verify whether the companies’ predictions were eventually correct, considering those companies that were able to survive the crisis. A multiple linear regression was subsequently employed in order to review Bowman’s paradox, that is, in the risk-return relationship. Findings: The research results support the two hypotheses formulated: 1) variability measures of risk have a greater predictive power than that of downside risk measures; 2) the risk-return paradox is more likely to exist in the more uncertain environment of a pre-crisis period of time. Originality/value: Managers could employ the frameworks developed in this study as important diagnostic tools in order to attain advance warning of whether an organization may be close to failure. An analysis of this nature would then allow a firm to take appropriate action to arrest the process.