cometadata/datacite-titles-descriptions-related-identifiers huggingface dataset:
DOI: 10.6084/m9.figshare.14320826
title: Relevance of Country Risk Premium in Cost of Equity Estimation

description: A common practice in business valuation and the determination of fair rates of return by regulatory agencies is to use the capital asset pricing model (CAPM) with the ad hoc addition of a country risk premium. The present paper documents this practice in the valuation reports required in public acquisition offers available on the CVM (Brazilian Securities and Exchange Commission) website. Multiple linear regression is used with monthly returns for stock shares of 204 firms listed on the BM&FBovespa (Brazilian Stock Exchange). The period covered is from January 2009 to December 2013, and the results indicate that there is a premium for Brazilian risk that is not completely reflected in Ibovespa returns for only 17 securities. Hence, if one uses the local market index when estimating a firm's cost of equity, it would be both redundant and incorrect to add a country risk premium. The paper concludes with a real company example in which the adoption of the conventional approach - with a country risk premium added - would lead to a 17% pricing error.
DOI: 10.6084/m9.figshare.14320824.v1
title: Capital Structure Rebalancing: Industry Leverage and Financial Slack

description: We assume a model in which a firm's indebtedness is strongly influenced by a fund's supply side because creditors and investors (users of CAPM and market multiples) assess their exposure and risk level at relative bases (similar companies). This behavior induces firms' capital structure targets towards the industry debt median, so managers can just manage capital structure around this value (financial slack). We investigated the role of financial slack, assessed as a measure of relative indebtedness, and industry debt in capital structure rebalancing. We used an initial sample of 32,309 US firm-year observations to estimate the industry median of 64 industries and a subsample of 5,380 observations in 58 industries used to construct a balanced panel for a period of 20 years. The results of the dynamic panel for book leverage indicate that a company's indebtedness tends to follow industry indebtedness, but tends to reverse its trend in a period of two years. Reversion rate is associated with financial slack, i.e., companies farthest from the median debt in an industry converge faster.
DOI: 10.6084/m9.figshare.14320824
title: Capital Structure Rebalancing: Industry Leverage and Financial Slack

description: We assume a model in which a firm's indebtedness is strongly influenced by a fund's supply side because creditors and investors (users of CAPM and market multiples) assess their exposure and risk level at relative bases (similar companies). This behavior induces firms' capital structure targets towards the industry debt median, so managers can just manage capital structure around this value (financial slack). We investigated the role of financial slack, assessed as a measure of relative indebtedness, and industry debt in capital structure rebalancing. We used an initial sample of 32,309 US firm-year observations to estimate the industry median of 64 industries and a subsample of 5,380 observations in 58 industries used to construct a balanced panel for a period of 20 years. The results of the dynamic panel for book leverage indicate that a company's indebtedness tends to follow industry indebtedness, but tends to reverse its trend in a period of two years. Reversion rate is associated with financial slack, i.e., companies farthest from the median debt in an industry converge faster.
DOI: 10.6084/m9.figshare.14320829.v1
title: Callendar Effect and Behavioral Finance in Brazilian Hedge Funds

description: The aim of this paper was to analyze the relationship between Mondays and the profitability provided by Brazilian hedge funds. We used a data basis composed of 3,337 hedge funds, totaling 3,529,808 observations of daily data, during the period from January 2005 until September 2013. To test the hypothesis, we used regression with panel data and we inserted control variables in the model that the literature points out as relevant. The main results showed that the Monday effect also occurs in the hedge funds segment and this effect is intensified in periods of financial crisis. However, we show that the effect is not consistent across all sub-categories of hedge funds. The results were persistent for funds which don't have a redemption period, as well as for the control for the Ibovespa daily returns. The discussion was mainly based on Behavioral Finance Theory in seeking potential explanations for this anomaly.
DOI: 10.6084/m9.figshare.14320829
title: Callendar Effect and Behavioral Finance in Brazilian Hedge Funds

description: The aim of this paper was to analyze the relationship between Mondays and the profitability provided by Brazilian hedge funds. We used a data basis composed of 3,337 hedge funds, totaling 3,529,808 observations of daily data, during the period from January 2005 until September 2013. To test the hypothesis, we used regression with panel data and we inserted control variables in the model that the literature points out as relevant. The main results showed that the Monday effect also occurs in the hedge funds segment and this effect is intensified in periods of financial crisis. However, we show that the effect is not consistent across all sub-categories of hedge funds. The results were persistent for funds which don't have a redemption period, as well as for the control for the Ibovespa daily returns. The discussion was mainly based on Behavioral Finance Theory in seeking potential explanations for this anomaly.
DOI: 10.6084/m9.figshare.14320830.v1
title: Bank Capital and Lending in Brazil

description: This paper investigates the relationship between bank capital and lending in the Brazilian market from 2003 to 2012, by adapting the methodology used by Berrospide and Edge (2010). Initially, we estimate a long-term target capital, actively managed by each bank, and then we compute the banks' capital surpluses. In a second step, we investigate whether this capital surplus is related to the change in non-earmarked credit using panel data regressions. The results show a positive relationship between the change in loans and the capital surplus, stronger in the second part of the sample period (after September/2008), but yet economically modest, contradicting the assumption of constant leverage. Similar results are obtained using direct observable accounting indicators of bank capital. There is no significant relationship between capital and credit growth in governmental banks.
DOI: 10.6084/m9.figshare.14320830
title: Bank Capital and Lending in Brazil

description: This paper investigates the relationship between bank capital and lending in the Brazilian market from 2003 to 2012, by adapting the methodology used by Berrospide and Edge (2010). Initially, we estimate a long-term target capital, actively managed by each bank, and then we compute the banks' capital surpluses. In a second step, we investigate whether this capital surplus is related to the change in non-earmarked credit using panel data regressions. The results show a positive relationship between the change in loans and the capital surplus, stronger in the second part of the sample period (after September/2008), but yet economically modest, contradicting the assumption of constant leverage. Similar results are obtained using direct observable accounting indicators of bank capital. There is no significant relationship between capital and credit growth in governmental banks.
DOI: 10.6084/m9.figshare.14320833.v1
title: Building a Brand Community Online During a New Product Launch

description: AbstractThis article presents an investigation of the building process of an online brand-associated community. It uses netnographic methods to investigate an automotive community, created months before a new model was actually launched. The study highlights the motivation to gather information and to influence product launch as factors to mobilize community existence. Category involvement, aspirational positioning of the corporate brand and revolutionary promises for this product also seem to be relevant to promote the community. The research presents a typology of community members based on two dimensions: information about the category and user experience with the brand/model. The typology distinguishes between newbies (low information and low experience), theoretical (high information and low experience), pragmatic (low information and high experience) and experts (high information and high experience). The paper highlights logics that stratify members´ interactions, explaining community formation dynamics and evolution processes.
DOI: 10.6084/m9.figshare.14320833
title: Building a Brand Community Online During a New Product Launch

description: AbstractThis article presents an investigation of the building process of an online brand-associated community. It uses netnographic methods to investigate an automotive community, created months before a new model was actually launched. The study highlights the motivation to gather information and to influence product launch as factors to mobilize community existence. Category involvement, aspirational positioning of the corporate brand and revolutionary promises for this product also seem to be relevant to promote the community. The research presents a typology of community members based on two dimensions: information about the category and user experience with the brand/model. The typology distinguishes between newbies (low information and low experience), theoretical (high information and low experience), pragmatic (low information and high experience) and experts (high information and high experience). The paper highlights logics that stratify members´ interactions, explaining community formation dynamics and evolution processes.
DOI: 10.6084/m9.figshare.14320835
title: The Contribution of Scientific Production in Marketing for the Social Sciences

description: AbstractMarketing researchers often employ bibliometric analysis to assess the importance of scientific production in the field, but few studies have examined its influence outside the discipline itself, particularly in the social sciences with which it maintains an interdisciplinary relationship. This study aimed to fill this knowledge gap by analyzing citations of the eleven leading Marketing journals in the top journals of the closest social sciences – Management, Economy and Finance, Psychology, Sociology and Anthropology – and identifying the articles, journals and subjects which have had more impact in these areas. The subjects were constructed by clustering article keywords, and the results were interpreted by means of network analysis and cross-tabulation. The results show that, although the overall contribution of the discipline is relatively small, certain topics have been objects of interest in each social science. Furthermore, the discipline's contribution is polarized, providing Management with methodology and articles of managerial and strategic natures, while providing other areas mainly with articles in Consumer Behavior. Based on the insights obtained, the scientific status of Marketing production is discussed, as well as the avenues for increasing the relevance of the discipline.
DOI: 10.6084/m9.figshare.14320835.v1
title: The Contribution of Scientific Production in Marketing for the Social Sciences

description: AbstractMarketing researchers often employ bibliometric analysis to assess the importance of scientific production in the field, but few studies have examined its influence outside the discipline itself, particularly in the social sciences with which it maintains an interdisciplinary relationship. This study aimed to fill this knowledge gap by analyzing citations of the eleven leading Marketing journals in the top journals of the closest social sciences – Management, Economy and Finance, Psychology, Sociology and Anthropology – and identifying the articles, journals and subjects which have had more impact in these areas. The subjects were constructed by clustering article keywords, and the results were interpreted by means of network analysis and cross-tabulation. The results show that, although the overall contribution of the discipline is relatively small, certain topics have been objects of interest in each social science. Furthermore, the discipline's contribution is polarized, providing Management with methodology and articles of managerial and strategic natures, while providing other areas mainly with articles in Consumer Behavior. Based on the insights obtained, the scientific status of Marketing production is discussed, as well as the avenues for increasing the relevance of the discipline.
DOI: 10.6084/m9.figshare.14320836.v1
title: Impact of Control Systems over New Product Sales

description: AbstractThis paper's main goal is to understand the impact of control systems on the relationship between a salesperson's effort and their performance. The control systems have two perspectives: outcome and behavior. The difference between them is how a salesperson is evaluated in regards to their job. If the sales manager is only concerned with sales results, the control system is based on outcome. However, if the sales manager is concerned with a salesperson's capacities, abilities and knowledge, the control system is based on behavior. Based on the theories developed by Anderson and Oliver (1987) and Oliver and Anderson (1994), we proposed a theoretical framework to explain sales performance, positioning the control system as a moderating variable. We undertook two descriptive field investigations to test the proposed model's hypotheses for pharmaceutical sales representatives and car dealer salespersons. We estimated four regression equations to test the hypotheses. The first conclusion is that the perception of product innovation by salespeople actually influences the launch of new products. The second conclusion showed that salesperson effort has a negative relationship with performance. Third, we demonstrated the moderating effect control systems have on the relationship between salesperson experience and sales efforts.
DOI: 10.6084/m9.figshare.14320836
title: Impact of Control Systems over New Product Sales

description: AbstractThis paper's main goal is to understand the impact of control systems on the relationship between a salesperson's effort and their performance. The control systems have two perspectives: outcome and behavior. The difference between them is how a salesperson is evaluated in regards to their job. If the sales manager is only concerned with sales results, the control system is based on outcome. However, if the sales manager is concerned with a salesperson's capacities, abilities and knowledge, the control system is based on behavior. Based on the theories developed by Anderson and Oliver (1987) and Oliver and Anderson (1994), we proposed a theoretical framework to explain sales performance, positioning the control system as a moderating variable. We undertook two descriptive field investigations to test the proposed model's hypotheses for pharmaceutical sales representatives and car dealer salespersons. We estimated four regression equations to test the hypotheses. The first conclusion is that the perception of product innovation by salespeople actually influences the launch of new products. The second conclusion showed that salesperson effort has a negative relationship with performance. Third, we demonstrated the moderating effect control systems have on the relationship between salesperson experience and sales efforts.
DOI: 10.6084/m9.figshare.14320838
title: Forecast Techniques: A Comparative Study

description: Abstract Future technologies may affect a company’s business, and prediction of such technologies is an important step in the planning process, especially regarding cutting-edge technology industries. The objective of this paper is to develop a comparative theoretical study on key techniques aimed at predicting future technologies, evaluated according to six criteria: operation costs; required number of people; required time to obtain results; operation complexity, that is, ease of implementing techniques; analysis type (subjective or objective), wherein quantitative techniques are considered more objective; and reliability of results (consistency and replicability). Thus, this study provides parameters to assist companies in selecting the most suitable prospective techniques, according to their needs. The research methodology is qualitative, and the study scope is a descriptive analysis using bibliographic and documentary research as data collection methods. The conclusion is that it is advantageous to use several methods simultaneously, providing higher efficiency and producing better assessments. Finally, it is hoped that this article launches a debate on the assigned criteria for techniques used to predict future technologies.
DOI: 10.6084/m9.figshare.14320838.v1
title: Forecast Techniques: A Comparative Study

description: Abstract Future technologies may affect a company’s business, and prediction of such technologies is an important step in the planning process, especially regarding cutting-edge technology industries. The objective of this paper is to develop a comparative theoretical study on key techniques aimed at predicting future technologies, evaluated according to six criteria: operation costs; required number of people; required time to obtain results; operation complexity, that is, ease of implementing techniques; analysis type (subjective or objective), wherein quantitative techniques are considered more objective; and reliability of results (consistency and replicability). Thus, this study provides parameters to assist companies in selecting the most suitable prospective techniques, according to their needs. The research methodology is qualitative, and the study scope is a descriptive analysis using bibliographic and documentary research as data collection methods. The conclusion is that it is advantageous to use several methods simultaneously, providing higher efficiency and producing better assessments. Finally, it is hoped that this article launches a debate on the assigned criteria for techniques used to predict future technologies.
DOI: 10.6084/m9.figshare.14320839
title: Exploration, Exploitation, and Organizational Coordination Mechanisms

description: Abstract This paper presents an empirical relationship among exploration, exploitation, and organizational coordination mechanisms, classified as the centralization of decision-making, formalization, and connectedness. In order to analyze the findings of this survey, we used two techniques: Principal Component Analysis (PCA) and Partial Least Squares Path Modeling (PLS-PM). Our analysis was supported by 249 answers from managers of companies located in Brazil (convenience sampling). Contrary to expectations, centralization and exploitation were negatively associated. Our data supports the research hypothesis that formalization is positively associated with exploitation. Although the relationship between formalization and exploration were significant, the result is contrary to the research hypothesis that we made. The relationships among connectedness and exploitation, and connectedness and exploration were both positive and significant. This relationship means that the more connectedness increases, the higher the likelihood of exploitation and exploration.
DOI: 10.6084/m9.figshare.14320839.v1
title: Exploration, Exploitation, and Organizational Coordination Mechanisms

description: Abstract This paper presents an empirical relationship among exploration, exploitation, and organizational coordination mechanisms, classified as the centralization of decision-making, formalization, and connectedness. In order to analyze the findings of this survey, we used two techniques: Principal Component Analysis (PCA) and Partial Least Squares Path Modeling (PLS-PM). Our analysis was supported by 249 answers from managers of companies located in Brazil (convenience sampling). Contrary to expectations, centralization and exploitation were negatively associated. Our data supports the research hypothesis that formalization is positively associated with exploitation. Although the relationship between formalization and exploration were significant, the result is contrary to the research hypothesis that we made. The relationships among connectedness and exploitation, and connectedness and exploration were both positive and significant. This relationship means that the more connectedness increases, the higher the likelihood of exploitation and exploration.
DOI: 10.5281/zenodo.4639789
title: SciExpeM - 10.5281/zenodo.4639789

description: "Experimental and kinetic study on ignition delay times of DME/H2/O2/Ar mixtures" Lun Pan, Erjiang Hu, Jiaxiang Zhang, Zihang Zhang, Zuohua Huang
DOI: 10.5281/zenodo.4639788
title: SciExpeM - 10.5281/zenodo.4639789

description: "Experimental and kinetic study on ignition delay times of DME/H2/O2/Ar mixtures" Lun Pan, Erjiang Hu, Jiaxiang Zhang, Zihang Zhang, Zuohua Huang
DOI: 10.6084/m9.figshare.14320842
title: Back to the Past: The Individual and its Role in Creativity in Organisations

description: Abstract The goal of the current text is to highlight the role of the individual in creativity in organisations. This role has been strangely disregarded in recent years, as modern accounts of creativity have been emphasising the idea that creativity is only defined in context. This main stream argues that creativity is a process that essentially occurs within a functional, relational, and organisational context in which workers are inserted. Key authors defending such a position include the likes of Amabile (1996), Csikszentmihalyi (1996), and, more recently, Glăveanu (2010a, 2010b). This is a vision rooted in the psychosocial interactionist perspective, which has also had a considerable impact in other areas in psychology, sociology, management and other social and human sciences. This supremacy, with regards to creativity, has led many to forget the role of the individual person in the creative process and output, removing their responsibility and protagonism for generating and producing ideas. Hence, the current text intends to bring back to discussion the individual bases of creativity, that people can have an existence isolated from external influences, further defending that the concept can and should be defined out of context, rather than in context.
DOI: 10.6084/m9.figshare.14320842.v1
title: Back to the Past: The Individual and its Role in Creativity in Organisations

description: Abstract The goal of the current text is to highlight the role of the individual in creativity in organisations. This role has been strangely disregarded in recent years, as modern accounts of creativity have been emphasising the idea that creativity is only defined in context. This main stream argues that creativity is a process that essentially occurs within a functional, relational, and organisational context in which workers are inserted. Key authors defending such a position include the likes of Amabile (1996), Csikszentmihalyi (1996), and, more recently, Glăveanu (2010a, 2010b). This is a vision rooted in the psychosocial interactionist perspective, which has also had a considerable impact in other areas in psychology, sociology, management and other social and human sciences. This supremacy, with regards to creativity, has led many to forget the role of the individual person in the creative process and output, removing their responsibility and protagonism for generating and producing ideas. Hence, the current text intends to bring back to discussion the individual bases of creativity, that people can have an existence isolated from external influences, further defending that the concept can and should be defined out of context, rather than in context.