Examinando por Autor "Conrado Diego García-Gómez"
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Publicación Sólo datos Corporate structure and prevention: The three lines model applied to Latin American companies(2024-02-08) Edmundo R. Lizarzaburu; Kurt Burneo Farfan; Maria Camacho; Conrado Diego García-GómezThe economic environment in which enterprises operate is increasingly harsh and complex, making business more complex, volatile and uncertain. This context requires a change in the management model based on the three fundamental pillars of governance, risk management and regulatory compliance. In this sense, the presentation of the three-line model is considered particularly useful, as it has become one of the most recognized management tools internationally due to its flexibility and adaptability. Therefore, the purpose of this study is to examine the current literature on this management model and then analyze its applicability in business practice through a case study. In particular, the analysis of four companies in the Ibero-American energy sector (Petrobras, Codelco, Ecopetrol, and Iberdrola) reveals that, although the adaptation of the model is generally comprehensive and universal in all aspects, its flexibility is very Large allows adaptation to any organization’s needs and structure. Finally, the study draws some conclusions weighing the theoretical development of the three-line model and its applicability and usefulness to managers as well as researchers and legislators who want to strengthen national business structures.Publicación Sólo datos Corruption, national culture and corporate investment: European evidence(2022-11-08) Conrado Diego García-Gómez; Ender Demir; José María Díez-Esteban; Edmundo Lizarzaburu BolañosIn this paper, we provide further evidence about the influence of corruption on corporate investment. Using a large sample of the European region non-financial firms for the period 2011–2020, our results suggest that corruption in Europe negatively affects corporate investment, thus, supporting the ‘sanding the wheel' hypothesis. This relationship is moderated by all six dimensions of the national culture proposed by Hofstede. Using appropriate panel data methodology, namely GMM estimations, we find that a higher degree of uncertainty avoidance, power distance, masculinity, and indulgence exacerbate the adverse effects of corruption on corporate investment while a higher degree of long-term orientation and individualism alleviates this effect.Publicación Sólo datos CSR in Education on Business Confidence: Mediation Effect of Corporate Reputation in the Peruvian Banking Sector(2022-01-12) Edmundo Lizarzaburu Bolaños; Jesús Del Brío; Conrado Diego García-GómezThis paper analyzes the direct influence of CSR educational actions on business confidence in the context of the banking sector in an emerging country (Peru). A mediating effect through corporate reputation is also analyzed. To test the hypotheses presented in this paper, we have sent a survey to 1745 executive officers of the branches of the banks. These key individuals were selected as the target population of the study because the authors sought to study the management’s perception of CSR and business confidence. From the data obtained from the survey, it has been tested that educational CSR actions in Peruvian banks directly influences the perception of business confidence. Secondly, this relationship is partially mediated by the effect of CSR educational actions on corporate reputation.Publicación Sólo datos Evaluación de una entidad financiera usando camel: el caso de BBVA Perú(2022-04-29) Conrado Diego García-Gómez; Edmundo Lizarzaburu Bolaños; Luis Berggrum; Emilio CardonaEl presente caso de estudio busca analizar la situación financiera BBVA Perú, utilizando la metodología CAMEL, y plantear una correcta valoración de la entidad, bajo los métodos de Múltiplos Comparables y Flujo de Caja Descontado. Previamente, se describe el entorno económico bajo la metodología Top-Down: región, país, sector financiero y, por último, la empresa. El periodo de desarrollo es de 2015 a 2019 y se utiliza datos de producción, industria y tecnología. Además, se describe las operaciones del banco, detallando la estructura de ingresos, los productos y servicios financieros, políticas y gobierno corporativo.Publicación Sólo datos Formal institutions, ICSID arbitration and firm performance: evidence from Latin America(2022-04-25) Sarela Enriquez-Perales; Conrado Diego García-Gómez; José María Díez-Esteban; Edmundo R. Lizarzaburu BolañosThis paper analyzes how a country’s formal institutional quality impacts the performance of listed companies across different Latin American countries (namely, Argentina, Brazil, Colombia, Mexico, Peru, and Chile) and industries. Latin America provides a unique setting to address this question due to the region’s high institutional instability. The sample consists of 571 large listed companies, with a total of 8576 observations, for the period 2004–2019. Results show that the quality of a country’s formal institutions is positively related to firm performance, measured through two alternative variables (ROA and Tobin’s Q). Additionally, countries that are signatories of the ICSID agreement provide companies with a more stable environment in which to do business, which ultimately has a positive impact on their performance. However, as the number of cases recorded before the ICSID increases, the relationship turns negative. The paper provides a more comprehensive understanding of formal institutions by considering six alternative governance dimensions. Moreover, international arbitration is found to be a substitute for formal institutions in Latin American countries.
