Conference Program - CLADEA Conference
Transcription
Conference Program - CLADEA Conference
October, 20th to 22nd Rio de Janeiro - Brazil “Past, Present, and Future of Latin American Education and Research in Business and Public Administration in the Current Global Context.” Organized by Jointly-Organized by Index Pág 4 - Program Chairs Welcome Message Pág 5 - Program Chairs Profiles Pág 6 - Message From the President Pág 7 - Host Institution Welcome Message Pág 10 - Cladea 2013 at a Glance Pág 11 - Floor Maps Pág 15 - Keynote Address Pág 17 - Plenary Sessions Pág 24 - Insitutional Sessions Pág 28 - Academic Program Pág 63 - Executive Committee Pág 64 - Insitutional Members Pág 67 - Track Chair Pág 69 - Reviewers Pág 71 - Participants Pág 75 - Notes Program Chairs Welcome Message , Dear Colleagues, Bem vindos. Bienvenidos. Welcome to the XLVIII CLADEA Conference on the Past, Present, and Future of Latin American Education and Research in Business and Public Administration in the Current Global Context. Hosted by the Escola Brasileira de Administração Pública e de Empresas (EBAPE) of Fundação Getulio Vargas (FGV), the Rio de Janeiro conference brings eminent scholars from different parts of the world together with business executives and government officials. The aim of the conference is to highlight recent trends and developments in the fields of business and public administration in Latin America and other emerging areas. We are delighted to feature more than 250 presentations from leading researchers from across the world including research papers, panels, institutional and plenary sessions. The conference is co-located in the Windsor Atlântica Hotel in Copacabana, one of Rio's most . beautiful landmark beaches. The conference brings leading scholars and practitioners together in an intimate setting to share perspectives and examine rigorous research based upon real-world experiences. This is an ideal opportunity to build strategic alliances with your peers, to generate knowledge, and to present . alternatives solutions to problems that affect the educational sector. Latin America has gained prominence as a destination for FDI and bilateral trade – particularly for North American firms with close ties to the region, as well as for European and Chinese firms. In addition, political and economic historical events in Latin America have placed businesses and education institutions in a unique position to take on the current opportunities for Latin America in the current global context. This conference seeks to contribute to the understanding of recent trends and developments in Latin America by creating a scholarly forum for discussion involving academics and practitioners from the Latin American business, industry, trade, and investment arenas, as well as specialists on the political and legal environment, finance, economics, management, and sustainability, . among other areas. Some of the many conference highlights include a doctoral consortium, workshops, and plenary panels featuring top scholars and executives from around Latin America and the world, a featured luncheon address, an opening reception, and a Gala Dinner in a traditional Brazilian restaurant. We expect the conference will challenge academics to push their research to further heights and will foster collaborative projects that advance our knowledge base on the future role of Latin America in the context . of the global economy. We hope you find the conference full of stimulating presentations and conversations. Have a great time! Ronaldo Parente Florida International University Program Chair/Organizer 4 Flavio Vasconcelos FGV-EBAPE Program Co-Chair Alvaro Cyrino FGV-EBAPE Program Co-Chair Program Chairs Profiles Ronaldo Parente, PhD - Program Chair and Organizer Dr. Parente holds a PhD from Temple University. He is currently an associate professor of strategy and international business at Florida International University. His research interests include global strategy, multinational management in emerging economies, outsourcing, strategic modularization, global supply chain management, and knowledge management. Dr. Parente's research has appeared in many leading academic journals, such as Journal of International Business Studies, Journal of the Academy of Marketing Science, Journal of Management Studies, Journal of International Management, and IEEE Transactions on Professional Communication, among others. He currently serves on the editorial board of the Thunderbird International Business Review (TIBR), Global Strategy Journal (GSJ), and Journal of International Management (JIM). He is a board member at the European International Business Academy and was a guest editor of the Global Strategy Journal 2013 Special Issue titled “Strategic Modularity & the Architecture of the Multinational Firm.” Alvaro Bruno Cyrino, PhD - Program Co-Chair Dr. Cyrino is currently deputy dean and adjunct professor at Escola Brasileira de Administração Pública e de Empresas of Fundação Getúlio Vargas (FGV-EBAPE). He holds a bachelor's degree in administration from the Federal University of Paraná, a DEA (Diplôme d'Etudes Approfondies) in management of innovation from the Université de Technologie de Compiègne, and a doctorate in strategy and business policy from the Ecole de Hautes Etudes Commerciales-HEC, Paris . He was formerly a professor and researcher at the Fundação Dom Cabral and at FGV-EAESP. Dr. Cyrino has extensive experience in the field of business administration, primarily in the following areas: business strategy, international management, small businesses, strategy implementation, and international business. Flavio Vasconcelos, PhD - Program Co-Chair Dr. Vasconcelos is dean and full professor at the Escola Brasileira de Administração Pública e de Empresas at Fundação Getúlio Vargas (FGV-EBAPE). He has a doctorate in administration (PhD in management) with distinction (Mention Très Honnorable avec les Félicitations du Jury) from the Ecole des Hautes Etudes Commerciales de Paris (HEC), a master's in sociology from the Institut d' Etudes Politiques de Paris, and bachelor's degrees in law from USP (University of Sao Paulo) and in public administration from FGV-EAESP. Dr. Vasconcelos has had many of his works published in specialized periodicals and he has presented these same works at scientific congresses. He has had several of his books published and has written many book chapters as well. He has received scientific merit awards for his work. On the professional front, he has worked as a consultant specializing in applied research, working with large-scale corporations. 5 Message from the President Dear members: I am deeply honored to give you a warm welcome to the XLVIII Annual Assembly of CLADEA hosted by the Escola Brasileira de Administração Pública e de Empresas (EBAPE) of Fundação Getulio Vargas (FGV). The central theme of the conference is the “Past, Present, and Future of Latin American Education and Research in Business and Public Administration in the Current Global Context.” We aim to promote the analysis of trends in the fields of business and public administration in Latin America, its impact on business schools, and the role of management education in the region's future. Latin America has gained global relevance in the last decade, so our business schools must prepare leaders and managers contributing not only to the progress of their organizations and businesses but also to the economic and social development of their countries. Schools in the region are facing challenging times in an increasingly competitive environment; they must adapt to local demands while at the same time striving to meet standards of excellence in education and research. Societies are demanding an ethical leadership, managers having greater contact with reality, and research with an international outlook while retaining its local relevance. Our schools have an excellent opportunity to have a significant impact on business, public organizations, and society. To tackle this challenge, deans, faculty, recruiters, and public administrators must listen to each other, working collaboratively, building alliances and strong networks. This conference brings together faculty and scholars, business executives, and government officials from Latin America and worldwide. We expect to have more than 400 participants, nine institutional sessions, ten academic panels and close to 200 paper presentations. Our annual meeting is a unique opportunity to strengthen our relations and to increase the learning opportunities among CLADEA affiliated schools. Our common goal: to reinforce management education, to promote world class research, and to serve as a reference for the quality of our graduates. Bem vindos. Bienvenidos. Welcome Maria Helena Jaén President Cladea 6 Host Institution Welcome Message Dear colleagues, It is with great pleasure that the Getulio Vargas Foundation's Brazilian School of Public and Business Administration (FGV/EBAPE) plays host, in this month of October of 2013, to the 48th Annual Assembly of CLADEA (The Latin American Council of Schools of Administration), considered one of the most important networks of business schools in the world and of which FGV/EBAPE is proud to be a member. The subject to be debated at this edition of the conference is to be “Past, Present and Future of Education in Latin America and Research in Business and Public Administration within the current global context”, and all this will take place in the city of Rio de Janeiro which has, of late, become a favorite destination for major international events, including the Catholic Church's World Youth Day 2013, the FIFA Confederations Cup 2013, the FIFA World Cup (soccer) in 2014 and the Olympics and Paralympics in 2016. The City has gained recognition for its economic development, which has mirrored that of Brazil as a nation, and is today, a point of reference within Latin America. Indeed, it is Latin America, a region in increasing economic expansion, and where the majority of CLADEA partner institutions are based, that will be the focus of debate in this year's edition of the event. The Conference will highlight recent developments and trends in the areas of business and public administration in Latin America and other emerging regions, and bring together businessmen, governmental authorities and eminent academics from different parts of the world. The idea is to create an academic forum where these current issues can be debated freely and to compile the results of these debates in order to be able to take appropriate and effective action. In all there will be 12 themes up for discussion: The Internationalization of Business Schools, Accreditation and Educational Quality; Economics, Financial Management and Accounting; Leadership and Human Capital Management; Ethics, Social Responsibility and the Environment; Entrepreneurism and SME (Small and Medium-sized Enterprises); Operations and Supply Chain Management; Technology and Innovation Management; Marketing; Strategy, Corporate Governance, Sustainable Development and Management; International Business, Multinationals and Emerging Markets; Politics, Conflicts and Social Movements; and, the Processes and Challenges of Learning Management Education. More than 450 delegates have confirmed their presence at the event to discuss changes in economics, leadership, ethics and socioenvironmental responsibility and entrepreneurism. The conference will provide a perfect opportunity to build strategic alliances with peers, to generate knowledge, and to put forward alternative solutions to problems facing the education sector. We would also like to add that it will provide participants with an excellent opportunity to experience, firsthand the many attractions that both Rio de Janeiro and FGV/EBAPE have to offer. 7 Host Institution Welcome Message I would like to thank professor Ronaldo Parente, who has been responsible for organizing the event, and through his great attention to detail, has sought out only the very best articles to be presented at the Conference. I would also very much like to thank the sponsors and backers of the event, who have ensured that this Conference can go ahead. I am sure that CLADEA 2013 will be a great success. Welcome to you all! Prof. Flávio Carvalho de Vasconcelos Dean FGV/EBAPE 8 Cladea 2013 at a Glance Sunday, Oct 20 10:00 — 18:00 11:00 — 18:00 12:00 — 18:00 17:00 — 18:00 18:30 — 19:30 - Registration - Institutional Sessions - Cladea Executive Committee Meeting - New Members Welcome - Opening Reception / Cocktail Monday, Oct 21 07:00 08:00 09:30 11:00 11:30 13:00 14:30 16:00 16:30 — 18:00 — 09:30 — 11:00 — 11:30 — 13:00 — 14:30 — 16:00 — 16:30 — 18:00 - Registration - Concurrent Sessions 1 / Doctoral Consortium - Plenary Session 1 - Coffee Break - Concurrent Session 2 / Doctoral Consortium - Luncheon - Plenary Session 2 - Coffee Break - Concurrent Sessions 3 / Doctoral Consortium Tuesday, Oct 22 7:00 — 18:00 08:00 — 09:30 09:30 — 11:00 11:00 — 11:30 11:30 — 13:00 13:00 — 14:30 14:30 — 16:00 16:00 — 16:30 16:30 — 18:00 19:00 19:30 — 22:00 - Registration - Concurrent Sessions 4 - Plenary Session 3 - Coffee Break - Plenary Session 4 - Luncheon - Concurrent Sessions 5 / Assembly Members - Coffee Break - Concurrent Session 6 / Assembly Members - Bus departure from Hotel Windsor Atlantica to Porcão Rios - Gala Dinner at Porcão Rios - Emerald Best Paper Awards - Key note Speaker Address - Michael Hitt 22:00 — Bus departure from Porcão Rios to Hotel Windsor Atlantica IMPORTANT INFORMATION >Free internet available at visit exhibition area >Luncheon at the 4th and 5th floor. Please, remember to present your voucher at the lunch area. >If you need a conference certificate, please send an email to [email protected] after the event. 10 Floor Map - First Floor 11 Exhibition Area - First Floor 12 Floor Map - Second Floor 13 Floor Map - Third Floor 14 Keynote Address Tuesday, Oct 22, 19:30 h “The Economic Prowess of Latin American Firms in the Global Competitive Landscape” by Professor Michael Hitt Texas A&A University Michael Hitt is currently a University Distinguished Professor at Texas A&M University and holds the Joe B. Foster Chair in Business Leadership. Michael received his Ph.D. from the University of Colorado. He has coauthored or co-edited 26 books and authored or coauthored many journal articles. A recent article listed him as one of the ten most cited authors in management over a 25-year period. The Times Higher Education in 2010 listed him among the top scholars in economics, finance and management based on the number of highly cited articles he has authored. A recent article in the Academy of Management Perspectives lists him as one of the top two management scholars in terms of the combined impact of his work both inside (i.e., citations in scholarly journals) and outside of academia. He has served on the editorial review boards of multiple journals and is a former editor of the Academy of Management Journal and a former co-editor of the Strategic Entrepreneurship Journal. He is currently the editor-in-chief of Oxford Research Reviews-Business and Management which publishes scholarly monographs. He received the 1996 Award for Outstanding Academic Contributions to Competitiveness and the 1999 Award for Outstanding Intellectual Contributions to Competitiveness Research from the American Society for Competitiveness. He is a Fellow in the Academy of Management and in the Strategic Management Society, a Research Fellow in the Global Consortium of Entrepreneurship Centers and received an honorary doctorate from the Universidad Carlos III de Madrid. He is a former President of both the Academy of Management and of the Strategic Management Society and a member of the Academy of Management Journals' Hall of Fame. He received awards for the best article published in the Academy of Management Executive (1999), Academy of Management Journal (2000), Journal of Management (2006) and the Family business review (2012). In 2001, he received the Irwin Outstanding Educator Award and the Distinguished Service Award from the Academy of Management. In 2004, Dr. Hitt was awarded the Best Paper Prize by the Strategic Management Society. In 2006, he received the Falcone Distinguished Entrepreneurship Scholar Award from Syracuse University. . 15 Plenary Sessions Plenary 1 - Monday, Oct 21, 09:30 – 11:00h Title: Strategic Management in Uncertain and Complex Environments: Reconciling Practice and Academics Session Chair: Marco Tulio Zanini, FGV – EBAPE Participants: Michael Hitt, Texas A&M University Cesar Franco, CEO, Facility Vanessa Sobreira Casali Lima, Coca-Cola Company – Brazil Division Overview: The session will approach the managerial dilemmas and the decision making process when executives face complex and uncertain environments. How to reduce complexity and uncertainty? What's the role of leadership and culture in these situations? Executives will provide some insights of their personal experience and will discuss what kind of lessons and learning they acquired from these situations. The session will count with the presence also of an expert scholar in strategic management and international business. Profile of Participants Marco Tulio Zanini, Professor FGV-EBAPE, Director of Executive MBA Professor and Program Director of the Executive Masters in Business Management at the Brazilian School of Public and Business Administration of Fundação Getulio Vargas (EBAPE/FGV). PhD in Management University of Magdeburg, Germany, and more recently Visiting Professor at the same university. He was a Professor at Fundação Dom Cabral. Extensive Consulting experience in Leadership and Corporate Culture Programs. He has experience in teaching, research and consulting in the areas of strategic people management, intangible assets management, trust in organizations, leadership and senior management, organizational diagnosis of the strategic intangible assets, and intangible aspects of special military forces. Michael Hitt, Distinguished Professor at Texas A&M University Professor Hitt is currently a University Distinguished Professor at Texas A&M University and holds the Joe B. Foster Chair in Business Leadership. He is an expert scholar in strategic management and international business. He has coauthored or co-edited 26 books and authored or coauthored many journal articles. The Times Higher Education in 2010 listed him among the top scholars in economics, finance and management based on the number of highly cited articles he has authored. He has served on the editorial review boards of multiple journals and is a former editor of the Academy of Management Journal and a former co-editor of the Strategic Entrepreneurship Journal. He is a Fellow in the Academy of Management and in the Strategic Management Society, a Research Fellow in the Global Consortium of Entrepreneurship Centers. He is a former President of both the Academy of Management and of the Strategic Management Society and a member of the Academy of Management Journals' Hall of Fame. 17 Plenary Sessions Cesar Franco, CEO, Facility Cesar Franco has over 20 years experience of being an executive and currently he is the CEO / President of Facility Group in Brazil. He has worked in several top management positions in areas of technology, advertising, Healthcare and infrastructure. Prior to Facility Group he worked for Young & Rubicam, Patria Investments, and DASA. Recently he is overseeing mergers and acquisitions at KB Investpar, which is an investment bank branch that is a shareholder of several companies in the service sector, laboratories and hotel. Vanessa Sobreira Casali Lima, Coca-Cola Company – Brazil Division Vanessa is an executive at Coca-Cola Company and has Master in Business Management from FGV-EBAPE and an Executive MBA from COPPEAD/UFRJ. Currently she serves as Controller for Latin America operations at The Coca-Cola Company in Brazil. She has experience as consulting, auditing, accounting and business strategy. Prior to her tenure at Coca-Cola she work at Price Waterhouse Coopers and Ernst & Young. At the Coca-Cola Company she leads the program “Operational Excellence” where she is involved in process improvement projects with teams from Brazil and other Latin American countries, implementing “Operational Excellence” tools. Plenary 2 - Monday, Oct 21, 14:30 – 16:00h Title: Responsible Leadership: A challenge for Latin American Graduate Management Education Session Chairs: María Helena Jaén, Professor at IESA, CLADEA's President 2012-2013, [email protected] Moderator: Roberto Solano, Dean of the Business and Economics School, Universidad de las Américas, CLADEA's President 2013-2014, [email protected] Participants: Esteban Giraldo, Director General of Bimbo Middle Americas and member of the Executive Committee of Grupo Bimbo worldwide, [email protected] Manola Sánchez, Dean of the Business School at Universidad Adolfo Ibanez, Chile, [email protected] 18 Overview Latin America society needs responsible leaders with skills connected to ethics, values, social responsibility, and sustainability. Institutions are demanding leaders with knowledge (knowing), abilities (doing), and sensibility (being) to address the challenges of a dynamic and complex ecosystem. Business schools are expected to contribute significantly to provide this preparation. A very important challenge for business school is to balance “knowing”, “doing” and “being”. Educators feel they had been paying a lot of attention to responsible leadership but executives believe that the issue needed still more attention. The challenge is how the schools include responsible leadership in their graduate management education curriculum and learning methods. Deans, faculty, and recruiters need to listen to each other in order to tackle this challenge. This plenary intends to address this issue by bringing deans who are developing innovative initiatives, executives who know what is expected of managers, and faculty who are studying how to teach RL. Plenary Sessions Profile of Participants María Helena Jaén María Helena Jaén is a professor in IESA (Venezuela) and a Visiting Scholar at HBS and Cisneros Visiting Scholar of the DRCLAS, Harvard University (2012 -2013). Her research and teaching focuses on business ethics, social responsibility, change management, and management education. She is the President of CLADEA (2012-2013), Director of BALAS, and member of the AASCB Doctoral Education Task Force, and SEKN. She served as VP, Academic Dean, and Research Dean at IESA. Prior to joining the faculty of IESA, she was a consultant for the WB, PAHO, UNDP, and the USAID, and worked as a General Manager for the Ministry of Health and Social Welfare (Venezuela), the WB and the IDB in the Health Services Reform project. She graduated from the UCAB (Venezuela) cum laude, obtained a MPH at the University of Texas, and earned a doctorate in Development Studies in Social Sciences in the Universidad Central de Venezuela. Roberto Solano Méndez Roberto Solano achieved a PHD in Marketing from the Texas A&M University. Dr. Solano has worked at Universidad de las Américas, Puebla since 1985. Today, he is Dean of the Business and Economics School. He has been a visiting professor at the School of Management in Reims, France; the University Diego Portales in Chile; Texas A&M University and Texas Christian University in the United States; the University of the Pacific in Peru; and the University of Turabo in Puerto Rico. He has published articles in the Journal of Advertising Research, Journal of Retailing, International Thunderbird Business Review and the Journal of Teaching in International Business. Amongst his topics of interest and expertise are: Service Marketing, Internal Marketing, and Corporate Social Responsibility. He is the elected president of CLADEA and member of the Advisory Council of the Center for International Studies of the Texas A&M Business School. José Esteban Giraldo Electronic Engineer from Universidad Pontificia Bolivariana in MedellínColombia, with Top Management courses from University of Chicago in London, Instituto de Empresa IE in Madrid and Inalde Business School in Bogotá. Worked for the Dutch multinational company Philips for 25 years, in different senior management positions in Colombia, The Netherlands, Brazil and Venezuela. After 15 years abroad, returned to Colombia in 2004 to become General Manager of Bimbo de Colombia. Since 2010 became Director General of Bimbo Middle Americas (8 countries), and member of the Executive Committee of Grupo Bimbo worldwide. Current member of the Board of Directors of Bimbo companies in Middle Americas; Chairman of the Board of Grupo Argos in Colombia; Member of the Presidents Forum of the Chamber of Commerce of Bogotá, Member of the Advisory Board of Inalde Business School in Bogotá and Member of the Colombian Private Competitiveness Council. 19 Plenary Sessions Manola Sanchez Manola is the first woman to lead the Business School at Universidad Adolfo Ibanez. A UAI undergrad in commercial engineering and Harvard MBA, Manola took over the top job at the Business School in 2012, firmly backed by her wide ranging international career. Most of professional life has taken place outside Chile. She started as an analyst for McKinsey in Buenos Aires, where she had the opportunity to participate in strategy and business development for Latin American firms. During her stay in the US, she moved to New York City, joining the M&A group at Goldman Sachs. En 2000 Manola moved to London, where she would remain for 11 years, prior her return to Chile. While in London, she worked on a series of jobs across Europe, mainly through the leading private equity firm Amadeus Capital Partners and through Deloitte's strategic consulting unit. Plenary 3 - Tuesday, Oct 22, 9:30 – 11:00h Title: Planning and Management of Mega Sports Events: The FIFA 2014 World Soccer Cup Session Chair: Paulo Roberto Motta – Professor and Former Dean at FGV-Ebape Participants: Ricardo Trade - Executive Director of Operations and Competition of the 2014 FIFA World Cup Ferruccio Feitosa – World Cup Secretary for the State of Ceará Overview A discussion and debate on the main problems faced and the solutions found in the construction, operation, and integration into the community of the sports arenas for this event. Academics, practitioners and managers will be able to get to know these two public officers firsthand. Their management skills, applied to this World Cup event, have added a new set of skills and abilities to the organization of mega events. The idea is that the panelists will share their own experiences and their perspectives in relation to their roles in managing such an event, with all its many particularities. Profile of Participants Paulo Roberto Motta – Professor and Former Dean at FGV-Ebape 20 With a Doctorate and a Master's in Administration from the University of North Carolina, USA, Paulo has been a full professor at the Fundação Getulio Vargas's Escola Brasileira de Administração Pública e de Empresas (Brazilian School of Public and Business Administration– EBAPE/FGV) since 1967. He was the School's Dean from 1976 to 1986 and President of CLADEA from 1980 to 1982. He is acting consultant to a number of national and international public institutions. Paulo has coordinated more than 700 teaching and consulting projects in Brazil and in other countries, including the US, the former Soviet Union China, Portugal, Spain and various other countries in Latin America, Africa and Asia. He has been a visiting professor at the University of Manchester (England), HEC Paris (France), the University of Macau (China), the National Institute of Administration (Portugal), the University of Magdeburg (Germany) and the Andean Simon Bolivar University (Ecuador). He has spoken at the conferences of hundreds of national and international events, and written more than 60 works that have been published in Brazil and abroad. Paulo is the President of the Brazilian Academy of Administration Science. Plenary Sessions Ricardo Trade - Executive Director of Operations and Competition of the 2014 FIFA World Cup Ricardo has been the Executive Director of Operations and Competition of the 2014 FIFA World Cup Brazil Local Organizing Committee (LOC) since 2010 and was appointed LOC Chief Executive Officer – CEO, on 28th November 2012. In January 2012, he was appointed by FIFA as special advisor to the Bureau 2014 FIFA World Cup Brazil. A former goalkeeper of the Brazilian handball team, Trade has been involved in sports since he was 11. He graduated in Physical Education and began working as physical trainer and team supervisor for Brazil´s top volleyball clubs and the Brazilian Volleyball Federation, and participated in the 1988 Olympic Games in Seoul. Also a graduate in Business Administration and postgraduate in Computer Sciences, Trade became one of the managers of a big events promotion company, working with beach soccer, beach volleyball and tennis. He then opened his own company, which was responsible for managing the Futsal League. Trade was then invited to be the Services General Manager of the 2007 Rio de Janeiro Pan-American Games. Six months before the competition started, he became one of its Operations Directors. He participated in the Rio 2016 Olympic Games' victorious candidature application. He is now a member of the Organizing Committee for the FIFA World Cup, which includes members of previous and future Local Organizing Committees, and is the local coordinator of the FIFA/CIES (International Centre for Sports Studies) in Brazil. Some of the LOC's main responsibilities include stadium monitoring and technical evaluation, safety and security inside and immediately around official venues, the Volunteers Program, legacy initiatives, host cities coordination, the medical program, Fifa World Cup and FIFA Confederations Cup opening and closing ceremonies, the Preliminary and Final Draws, logistics and the transportation of delegations Ferruccio Feitosa – World Cup Secretary for the State of Ceará Ferruccio Petri Feitosa, 44 years old, was born in Fortaleza, Ceará state, the son of Raimundo Feitosa Carvalho and Eliza Gonçalves Petri Feitosa. Married to Cristine Pinheiro Goyanna Petri Feitosa since 1993, he is father to Marcella, Amanda and Ferruccio Filho. A lawyer with a degree from the University of Fortaleza (Unifor), he has worked in the transport sector for 21 years. Since January 1st, 2007, Ferruccio Petri Feitosa has been a member of the team of state Governor, Cid Gomes. For a period of four years, he headed the Department of Sports of the state of Ceará (Sesporte). Ferruccio Petri Feitosa was one of those responsible for the success of the city of Fortaleza's candidacy to act as one of the hosts to the 2014 FIFA World Cup Brasil, and he coordinated the Investment Plan for the capital and its metropolitan areas. Since 2007, he has been the Fortaleza Venue representative to the Local Organizing Committee (LOC/FIFA) and the Federal Government. On January st 1 , 2011 he was appointed Secretary of the Special World Cup 2014 Department of the state of Ceará, a post in which he has dedicated his time wholeheartedly to the project to place the state in a position of prominence among the 12 host cities of the 2014 FIFA World Cup Brasil™. 21 Plenary Sessions Plenary 4 - Tuesday, Oct 22, 11:30 – 13:00h Title: Innovation, Impact and Engagement in Business Education Participant: Irineu G. N. Gianesi, Dean of New Academic Projects Insper Instituto de Ensino e Pesquisa Dan LeClair, Executive Vice President and Chief Operating Officer AACSB International Overview Innovation is currently a highly emphasized subject within the world of management education. In order for business schools to foster an environment of innovation, they must be catalysts for innovation themselves. As a result of this demand, schools face challenges to develop not only leaders and working professionals but innovators as well. This session will be a great starting point to discuss the vision and role of innovation and its contributions to the business community. Profile of Participants Irineu G. N. Gianesi, Dean of New Academic Projects Insper Instituto de Ensino e Pesquisa Prof. Gianesi is currently dean of new academic projects at Insper Instituto de Ensino e Pesquisa. He is responsible for the design and implementation of new undergraduate and graduate full time programs. He also leads the Teaching and Learning Center, which is in charge of the assurance of learning processes and faculty development. Professor of Operations Management and former dean of graduate programs at Insper, Prof. Gianesi is a doctorate candidate at the Cranfield University School of Management, UK, and has a Masters in Production Engineering from the University of Sao Paulo and a graduate certificate in Business Administration from Fundação Getulio Vargas. He has an experience of 25 years in academic research and teaching and is co-author of three books in the area of Operations Management and has 28 years of experience as a professional consultant in large companies. Dan LeClair, Executive Vice President and Chief Operating Officer AACSB International As executive vice president and chief operating officer, Dan provides leadership for AACSB's efforts to advance quality management education worldwide through a wide range of data, education, research, and communication services. He also ensures that vital internal functions support a high level of service quality and responsible governance of the organization. LeClair was the principal architect of AACSB's Knowledge Services, which assists business school leaders worldwide to plan and make decisions using comparable data and information about trends and effective practices. He leads the research teams of AACSB and the Global Foundation for Management Education (GFME), a think tank joint venture of AACSB and the European Foundation for Management Development (EFMD), and serves on the steering committee of the UN Global Compact's Principles for Responsible Management Education (PRME). LeClair has served on numerous industry-wide committees and task forces for organizations, such as GMAC®, EMBA Council, Association of Business Schools, and Aspen Institute Business & Society Program. 22 CLADEA - Institutional Program Sunday, Oct 20 Institutional Session 1: AACSB International Time: 11:00 to 12:30h Room: Búzios A Title: AACSB Membership and Accreditation In this session, individuals receive an overview look at the accreditation process according to the most recent set of AACSB Accreditation Standards adopted April 2013. Develop a deeper understanding of the philosophy behind AACSB accreditation. Presenter: Maria Baltar, Senior Manager Accreditation services for Latin America Email: [email protected] Institutional Session 2: EFMD European Foundation for Management Development Time: 12:00 to 13:30h Room: Búzios B Title: EFMD portfolio of services for quality improvement EFMD runs the EQUIS, EPAS, CLIP & CELand EDAF development programme which all aim to raise the standards of management education around the world. The session will provide information about EFMD portfolio of services in order to improve quality. Presenter: Prof. Julio Urgel, Deputy Director General, Operations and Quality, EFMD Email: [email protected] Participant: Ms. Isabel Ramos, Coordinator, Quality Services, EFMD Email: [email protected] Institutional Session 3 : Entrepreneurship Cladea Network 1 Title: Program of the Latin American Network of Entrepreneurship Time: 12:30 to 13:20h Room: Cabo Frio D Conference 1: Entrepreneur women in Latin America. Progress and challenges. Session open to the public Time: 15:25 to 16:15h Room: Cabo Frio D Panel 1: Talk about women and business. Experience in higher education universities. Session open to public. Time: 16:20 to 17:10h Room: Cabo Frio D Conference 2: The role of women in the family business. Session open to public. Time: 17:15 to 18:00h Room: Cabo Frio D Panel 2: Challenges to women as leaders of the family business in Latin America. Session open to public. 17:15 - 18:00 h. 24 Chair: Dr. Luis Alejandro Lagunes Toledo, División de Vinculación, Tecnológico de Monterrey Campus Puebla Email: [email protected] CLADEA - Institutional Program Sunday, Oct 20 Institutional Session 4 : Entrepreunership Cladea Network 2 Time: 14:20 to 15:20h Room: Petrópolis A Title: Assembly of the members of the Latin American Network of Entrepreneurship. Session reserved for members. Chair: Dr. Luis Alejandro Lagunes Toledo, División de Vinculación, Tecnológico de Monterrey Campus Puebla. Email: [email protected] Institutional Session 5: Emerald Publishing Time: 15:00 to 16:30h Room: Búzios A Title: Guide to Getting Published ·The aim of the session is to 'demystify' the publishing process and to provide tips, insider knowledge and key questions to maximize your chances of publication the session looks for encourage some of you to go beyond publishing, e.g. reviewing, book reviewing, editorial roles. It is panned a Q&A session. Presenter: André Jun, Publishing Relationship Manager at Emerald Latin America Email: [email protected] Institutional Session 6: PRME Brazil Time: 14:00 to 17:00h Room: Petrópolis B Title: Educating for Sustainability: business schools contributions to transform society ·This session will provide information on real stories of PRME-signatory schools that translated principles into results for large companies, through the point of view of academia and the market. Four cases will be presented: 1) ISAE / FGV and ITAIPU, 2) Fundação Dom Cabral and PRECON, 3) SESI School and SESI Paraná, and 4) Institute of Management - USP and Braskem. Presenters: Members of the Education Task Force of the Global Compact Brazilian Committee. PRME Chapter Brazil Institutional Session 7: European International Business Academy (EIBA) Time: 16:00 to 17:30h Room: Petrópolis C Title: Preparing for the 2015 EIBA Conference in Brazil The European International Business Academy (EIBA) was founded in 1974 under the auspices of the European Foundation for Management Development (EFMD) and in close cooperation with the European Institute for Advanced Studies in Management (EIASM). The Academy is a professional society for academics and practitioners with an interest in the field of International Business. It has organized an annual conference since its establishment, and the 2015 conference at PUC-IAG, Rio de Janeiro will be the 41th in the series. Presenters: Ronaldo Parente, Florida International University, [email protected] Jorge Carneiro, PUC-IAG, [email protected] Rodrigo Bandeira-de-Melo, FGV-EAESP, [email protected] 25 CLADEA - Institutional Program Sunday, Oct 20 Institutional Session 8: Cengage Publishing Time: 12:00 to 13:30h Room: Petrópolis A Title: Think Tanks: a hidden field for professional activity Think tanks or policy institutes are relevant actors in the policymaking process around the World. They make policy analysis and engage in policy advocacy activities, bringing policy relevant knowledge to enhance public policy debate and public decision-making. In the U.S. more than 1.800 think tanks make research and influence policy decisions in areas such as health, education, urban planning, environment, defense and public management. In Brazil there are only 82 think tanks, but the demand for applied research in public matters is growing. The goal here is to present this kind of organization, the current types of think tanks, their activities, resources, relationship with universities, government and mass media. Examples of Think Tanks will be discussed and presented as a field for professional activities to managers, economists, journalist, designers, and others. Presenter: Leonardo Secchi, Ph.D., President of PVBLICA - Public Policy Institute and Professor of Public Administration at Santa Catarina State University (ESAG/UDESC) Email: [email protected] Institutional Session 9: Springer Time: 16:30 to 18h Room: Petrópolis A Tittle: Ebooks: Introduction and Management in Academic Institutions Discussion about evaluation, process of introduction of eBook collections in academic institutions, and comparison between print and electronic collections. ROI case study presentation, and steps of eBook collection implementation. Presenters: Heloisa Tiberio and Marcio Gama 26 Volatility Transmission in Latin American Stock Markets SESSION 10 BANKING, ACCOUNTING & RISK TRACK 2 Paper Session Chair Date Time Room Monday, Oct 21 08:00 – 09:30 h Sala de Apoio 3B Alexander Nunez Torres, University of Puerto Rico How Good is the Memory of TARP Benefiting U.S. Banks? Alexander Nunez Torres, University of Puerto Rico Jose Cao Alvira, University of Puerto Rico Using a broad data set, detailing information on the origination of 2,417 mortgage loans generated by U.S. banks, we analyze the mortgage-originating behavior of banking institutions that received TARP funds prior, during and after the 2008 subprime crisis. The data analyzed in this study is composed of those U.S. residential mortgages with a 30 year fixed interest rate that were traded in the secondary market as a whole MBS instrument of Fannie Mae for dates between 12/1/2001 and 12/1/2012. We find evidence that banks that benefited from TARP-funds “facilitated” or encouraged the origination of risky mortgages prior and during the extent of the crisis. But, this behavior stopped once the crisis was over, accentuating the credit crunch that TARP-funds were intended to avoid. Measuring Bank Efficiency through Data Envelopment Analysis (DEA) 2005-2012 Period: Case Dominican Republic Manuel Santana, INTEC Rafael Molina, University of Valencia (Spain) Dominican banking has endured major changes since 2005, as a result, among other things, the bankruptcy of three major entities of which occurred in 2003-2004, with a loss of nearly 20% of GDP (Hank, 2004), the adoption of new technologies, processes of reform and deregulation, increased concern for the improvement of its management. In this context, the efficiency increase is presented as one of the key objectives to achieve performance in the short and medium term. This study has as main purpose to examine the level of efficiency of Dominican banks during the period 2005-2012 through Data Envelopment Analysis (DEA), based on a sample of 11 banks. The results show an average efficiency of 0.940, resulting in the Popular and Vimenca with 0.995 and 0.984 respectively are more efficient entities. The Impact of Changes in Relevance and Reliability of UK Earnings on the (Mis) Pricing of Accruals Nikola Petrovic, University San Francisco de Quito This paper explores if the ability of accounting accruals to predict stock returns partially depends on the properties of earnings. I hypothesize that an increase in value-relevance of earnings leads to higher association of accruals with subsequent returns. By contrast, an increase in reliability of accruals measured by the relative persistence of accruals to cash flows in future earnings should mitigate mispricing of accruals. I use these arguments to examine time-series variations in the UK accrual anomaly over the twentyeight year period from 1981 to 2008. Consistent with the existing literature I document the decrease in value relevance of earnings. In the same period, the reliability of accruals has decreased. In contrast to US findings, the UK accrual anomaly exhibits weaker decrease in the recent period. Consistent with my hypothesis, the lack of a clear trend is explained by the offsetting effects of increasing relevance and decreasing reliability of earnings. Laura Cardona, EAFIT University Marcela Gutiérrez, EAFIT University Diego A. Agudelo, EAFIT University This paper studies volatility transmission between developed and Latin American stock markets and its evolution in time. Using data from 1993 to 2013 and dividing it into periods of tranquility and crisis, the volatility transmission is modeled using a multivariate GARCH model. The results show that volatility is mainly transmitted from developed countries to Latin America by return disturbances rather than by pure volatility transmission. There is also evidence that the volatility transmission is present in periods of tranquility but also in times of international crisis. Brazil and Mexico are found to be leaders in the region regarding volatility transmission and are the only countries that show evidence of transmission towards developed countries. SESSION 27 ENTREPRENEURSHIP AND INSTITUTIONAL ASPECTS TRACK 5 Paper Session Chair Date Time Room Monday, Oct 21 08:00 – 09:30 h Petrópolis B Sabrina Tabares, Universidad de Medellín A Look at Academic Entrepreneurship: The Case of the Business Census of EAN University of Colombia in 2013 Leon Dario Parra Bernal, Universidad EAN Milenka Argote, CORPOTALENTOS ONG La Universidad EAN ha incorporado en su objeto misional la formación de profesionales emprendedores. Tomando en cuenta esta fortaleza, se realizó un proyecto de investigación cuyo objetivo principal fue caracterizar a las empresas de propiedad de los estudiantes y egresados eanistas a partir de la realización de un censo empresarial. Metodología. Se les preguntó a los estudiantes que respondieron tener empresa, los datos de la empresa, el nivel tecnológico, acceso al sistema financiero, nivel de formación de sus recursos humanos, acceso a mercados, nivel de asociatividad de las empresas e innovación empresarial. Resultados. Se logró censar 346 empresas de estudiantes y egresados, de las empresas censadas 292 proporcionaron la información completa de su actividad productiva. El mayor porcentaje de las empresas censadas se clasificó como micro empresas con menos de diez trabajadores y se concentró principalmente en los sectores de comercio y servicios. Aid-For-Trade and the Small Medium-Sized Enterprise (SME)’s Internationalization Process: A Case Study Sabrina Tabares, Universidad de Medellín Edith Anzo, University of Medellin Lina Estrada, University of Medellin This study is driven by one research question: (1) what is the effect of the aid-for-trade in the internationalization process of the small medium-sized enterprises in Medellín, Colombia? In order to examine this question, the study was developed through the case study methodology, and the Uppsala’s internationalization approach was taken as a theoretical framework. The results of the research show that the success of the firm in the international market depends on the way how the manager takes advantage of the experimental knowledge and its introduction to the firm through incremental decisions. For future directions, it is recommended to use a quantitative methodology and the implementation of this topic in other geographical areas. Businesswomen’s Perceptions of Puerto Rico’s Educational Needs Agile Practices Adoption: A Reality Check in Small and Medium Software Development Enterprises Grisel Melendez, University of Puerto Rico Juanita Rodriguez, University of Puerto Rico This descriptive study aims to determine the perception of the educational needs of women entrepreneurs in Puerto Rico. Through a mixed methodology, using a survey protocol type, combined with interviews with entrepreneurs, we gathered socio-demographic data on companies and preferences on issues of training of these women. The findings suggest different educational needs at different stages of the business, which vary according to the academic preparation and experience of entrepreneurs. We conclude identifying the need for an integrated curriculum, relevant and flexible to form these women and thus extend the life of the businesses they lead. The implications for higher education institutions include providing information platforms on the Web, create curricula tempered to the business life cycle and education of women entrepreneurs. Also, it is important to provide mentors for those entrepreneurs. Felipe Silva, FGV-EBAPE Adriana Netto, FGV-EBAPE Fernanda Burmann, FGV Victor Braga, FGV-EBAPE Marcos Rego, FGV This article intended to analyze what are the main techniques (either classic or agile) used in software development in small and medium-sized companies, ranking them on a use-level scale and delving into the agile practices and their level of use inside these companies. For this research, an online questionnaire was applied, focusing on software development professionals, evaluating the degree of knowledge and use of the main techniques of project management. Through the analysis of the results, it was concluded that there is a balance between the use of agile and traditional techniques among the respondents, showing that there is a significant use of agile tools although there was not a departure from the use of the classical ones. Determinants of Social Entrepreneurship: An Analysis at the Individual and Country Context Design Of An Innovation Ecosystem As Export Development Strategy Clelia Hernandez, Monterrey Institute of Technology Victor Gimenez, Autonomous University of Barcelona Carles Solà Belda, Universitat Autonoma Barcelona Social entrepreneurship (SE) is a field that is growing rapidly and increasing attention from various sectors. However, most research has focused on case studies. The main objective is to deepen the understanding of social entrepreneurship and what factors determine individual level and country level from the ResourceBased View and the Welfare Theory. To quantify this approach, we use data from 48 countries that have been extracted from the GEM 2009 and other databases worldwide. Using a logistic regression model is achieved test determinants of SE. Finally, empirical evidence generated may be useful to political decisionmakers, to scholars and to practitioner field to assess the factors that determine the SE and act to promote SE. Diana Lorena Pineda Ospina, Universidad del Valle The Vision Colombia 2032 (DNP, 2008), defined as strategies to potentiate the country’s competitiveness, the development of world-class sectors and increasing productivity and employment through science, technology and innovation. Therefore, the National System of Science, Technology and Innovation SNCTeI- defined public policy as strategic to potentiate those most international sectors. From this perspective, knowledge and innovation are established as an alternative to improve the competitiveness of Colombian companies and international market integration promising sectors of the Colombian economy. This paper proposes the configuration of an Ecosystem for Innovation as a strategy for export development of printing industry in Valle del Cauca, considered a world class industry. Effects of Intimate Partner Violence in the Decapitalization and the Opportunity Cost of Women Micro-Entrepreneurs in Ecuador Aristides Vara-Horna, San Martin de Porres University Using the National Survey of Family Relations and Domestic Violence Against Women, with a representative sample of 3324 women, this research determines the levels of intimate partner violence against women micro-entrepreneurs in Ecuador and estimates the opportunity cost and out of pocket expenses as a result of this violence. 51.1% of women who are self-employed or are patrons, have been victims of some kind of violence by their current or former partner, of which 54.1% had suffered physical damage and 84.5% had suffered emotional harm As a result of the damage suffered, 86.4% have ceased to earn incomes due to working days left, losing an average of 54 days per year and $ 371 (19.6% of the average annual salary). Out of Pocket expenses resulting from violence, represent an annual expenditure of 185.3 dollars per woman. The average capitalization rate is 36.39%. SESSION 50 INNOVATION MANAGEMENT TRACK 7 Paper Session Chair Date Time Room Felipe Silva, FGV-EBAPE Monday, Oct 21 08:00 – 09:30 h Cabo Frio D Innovation Capability: Financial Management in Higher Education Institutions Hugo Martinez, INDUSTRIAL UNIVERSITY OF SANTANDER María Fernanda Díaz Delgado, Industrial University of Santander Luis Eduardo Becerra Ardila, Industrial University of Santander This article describes the practices and strategies for building and developing the innovation capability in the financial units of Higher Education Institutions (HEIs). Identifying practices and strategies was achieved in three phases: The first consisted of a systematic review of scientific literature to obtain the innovativeness practices. The second stage was the setting and application of a diagnostic tool applied in 57 HEIs of 18 Latin American countries. We developed a descriptive analysis to verify the implementation of the practices found in the literature within financial units. Finally, the third stage was the application of interviews to HEIs to identify the strategies used in the development of practices through the use of tools. Innovation for the Base of the Pyramid: A Categorization of Inclusive Business Innovations in Latin America Maria Alejandra Pineda Escobar, Politecnico Grancolombiano Based on an inductive case study qualitative research approach, this study makes a contribution to management literature by developing theory for the understanding of inclusive business models at the base of the pyramid. The task is approached by the concurrent comparison of the theory and the data obtained from multiple case sampling. Available literature on innovation processes identifiable in BoP markets was reviewed and compared against the experiences illustrated in 30 inclusive business case studies from Latin America that had been previously documented by recognized international organizations active in the region. The research results allow proposing the first and second generation innovation strategies as two identifiable categories of innovation that have demarcated business development in the BoP. Knowledge and Innovation (K&I) Scorecard: Application in the Buenos Aires Technological District Mónica Regina de Arteche, Universidad Argentina de la Empresa Sandra Vanessa Welsh, Argentina’s University for Company Marina Santucci, Argentinian Business University We applied a Knowledge and Innovation (K&I) Scorecard for seven companies in the Buenos Aires Technological District, instrument developed based on the Balanced Scorecard by Kaplan and Norton, the Club del Intelect model, and traditional financial ratios. The methodology was qualitative and quantitative with an explicative paradigm for case studies. Five main indicators were identified: Innovation salaries, Intangible assets, Training effort level, Governmental contracts, and Sales, which were included in a simulator model created and tested under the Vensim software. Main results showed the most innovative companies are the ones that use Human and Structural Capital the best, and enabled the identification of the innovation and intangible assets types that drive that best use of Capital. Governmental contracts showed to influence the innovation process and the District development; and current innovation in companies are products of own developments in spite of joint developments with other businesses in the cluster. Proposing a Framework for Turning Patent Office Institutions in Developing Countries into Instruments for Catch Up Promotion Gabriel Cavalheiro, FGV-EBAPE Ada GONÇALVES, Projects and Studies Brazilian Agency There is widespread evidence that the performance of Patent Offices strongly influences the performance of national innovation systems. However, in a developing country context, this type of institution has typically contributed to maintain a kind of international ‘Patent Tax’, which flows from developing to developed countries. This paper examines the potential role of this particular type of institution in the development of national technological capabilities (NTCs) in developing countries. Here we propose a framework for the management of Patent Offices that take into account the varying level of technological capabilities in developing countries. The implementation of this framework should contribute to speed up industrial development by facilitating the protection and use of intellectual property rights (IPRs) by latecomer firms. SESSION 74 RESOURCES, DYNAMIC CAPABILITIES AND KNOWLEDGE MANAGEMENT TRACK 9 Paper Session Chair Date Time Room Monday, Oct 21 08:00 – 09:30 h Petrópolis A Hugo Alberto Rivera, Universidad del Rosario Dynamic Capabilities; The Source for Sustainability upon Change Hugo Alberto Rivera, Universidad del Rosario Laura Figueroa Garcia, Rosario University The Dynamic capabilities framework is an important contribution to business strategy. Based on this premise, this paper recognizes those competences as the consolidated theoretical basis for the achievement of sustainability when facing change that may affect the stability and decision making process in organizations. Given the lack of empirical application of such concept, this document demonstrates and identifies the tools application that this kind of skills can provide to organizations and the instruments for value creation. The ASOS.COM case study illustrates how to sense and seize opportunities and threats, as well as the implication of reconfiguration, renewal and creation of second-order competences to deal with dynamic environments. So the capabilities created inside the companies regarding learning and innovation, generate business understanding and best future scenarios. Manager-Entrepreneur Capital: Manager’s Intangible Resources that Impact Performance of the Organization SESSION 93 SERVICE ANALYTICS TRACK 8 Panel With the increasing importance of services in the global economy, researchers have been advocating the development of a new discipline, service science, to address the challenges in understanding the fundamentals of business and public administration services and developing appropriate theories, techniques and tools. The impact of the internet and the technological innovations in intelligent devices has increased dramatically the amount of available data about how services are produced, transferred and consumed. Whilst, in certain service areas the impact has been relatively small, there are a number of service activities and processes where the impact has been substantial. The Service Analytics session will address the challenges of uncovering useful information from service-related data through the use of techniques from knowledge discovery areas such as data mining, text mining, web mining etc. Service analytics is a relatively new research area but it is expected to play a very important role in the development of service science in the context of developed countries as in Latin America but also globally. The Service Analytics panel will discuss empirical findings, methodological approaches, and theoretical and conceptual insights related to knowledge discovery in business and public administration services. Date Time Room Monday, Oct 21 08:00 – 09:30 h Petrópolis C Session Chair Panelists David Diaz, University of Chile Hansjoerg Fromm, Karlsruhe Service Research Institute Charalampos Theodoulidis, Manchester Business School John Miles, Universidad Catolica del Uruguay This paper defines the manager-entrepreneur capital (MEC): a new component of intellectual capital (IC) that clusters intangible resources intimately associated with the manager-entrepreneur. Through an empirical study, using a causal model tested with partial least squares (PLS- analysis), it is found that there is a significant relationship between IC components of a company and its business performance. The empirical study further proves that the MEC has a positive influence on the other IC elements and, trough them, in the business performance. Finally, we determined the MEC key constituents that should be managed to improve business performance. Organizing for Commercialization Capability in Microcredit Institutions Ernesto Barrera, INALDE Business School - Sabana University In this paper, the organizations studied compete at the bottom of the pyramid (BOP) in emerging markets, trying to create social and economic value. The empirical domain in this paper refers to specialized microcredit financial institutions in the Colombian landscape. The theoretical domain relies on the resource basedview of the firm, applied to the mentioned context. The unit of analysis is the commercialization capability in its organizational environment: organizing for commercialization capability. These microcredit social enterprises refer to an “out of the office” commercial human interactions and the deployment of a service relationship between the credit analyst (employee) and the microentrepreneur (customer). The main findings are the organizational categories that interact with each other (system) in order to create social and economic value to micro-entrepreneurs: active corporate governance, microcredit social strategy, management capability in microcredit, relational culture and motivated human talent. Performance in Recessions: The Roles of Opportunity Recognition and Improvisation Claudio Conti, FGV-EBAPE Rafael Goldszmidt, FGV-EBAPE Flavio Vasconcelos, FGV While most firms suffer severe impacts from recessions, other firms are less affected or even prosper in these moments. Nevertheless, strategic management has made little progress in understanding the reasons for these differences in performance. We build on the Resource-based view of the firm (RBV) and its relationships with theories on entrepreneurship, improvisation and flexibility to create an integrative model that identifies resources, in a broad sense, which enable superior performance in recessions. We surveyed the characteristics and capabilities of Brazilian firms in various industries during the 2008-2009 recession and analyzed our data using Partial Least Squares (PLS). Our findings indicate superior performance for those firms that have a propensity to see opportunities, rather than only threats, and improvisation capability for fast and creative actions. Entrepreneurial orientation and flexibility also have indirect effects on performance. SESSION 92 HUMAN RIGHTS AND GLOBAL BUSINESS TRACK 10 Panel Date Time Room Monday, Oct 21 08:00 – 09:30 h Buzios B Session Chair Panelists Emily Carasco, University of Windsor Jang Singh, University of Windsor How does a firm ensure that human rights are respected by all players in the value chain, irrespective of their geographical location? It is no longer enough for a firm to engage in ethical practices only in the functions it performs in the value chain of a product. The ethicalness of practices throughout the value chain should be of concern to all firms engaged in the production of a good or service. In a globalized world it is commonplace for various functions in a value chain to be performed in different parts of the world. In this panel discussion it is proposed that respect and promotion of human rights should be addressed in a manner that begins at the global level and moves to the firm level, from the general to the specific. After a discussion of the value chain from the global perspective, global codes of ethics will be examined. This will be followed by an examination of corporate codes of ethics. The aim of the panel is therefore to examine some of the human rights instruments that may be relevant in the value chain. SESSION 88 POLITICS, CONFLICTS AND SOCIAL MANAGEMENT 3 TRACK 11 Paper Session Chair Date Time Room Monday, Oct 21 08:00 – 09:30 h Buzios A Benjamin Azevedo, FGV-EBAPETharcisio CaldeiraPUC-RIoPatricia Gutierrez PradaSurcolombiana UniversityMatías SanfuentesUniversity of Chile “La Polar, Shop and Go”: A Socio-Analytic Study of a Corrupt Organization Matías Sanfuentes, University of Chile This paper is based on research about the dramatic rise and collapse of “La Polar”, one of the biggest Chilean retail companies, that was bankrupt at the end of the 1990s and in less than ten years became an icon of economic dynamism and growth within the Chilean industry. In 2011 La Polar was sued for renegotiating thousands of customers’ overdue debts without consent, which helped the company’s stock appreciated spectacularly, and also led to a disproportionate and illicit enrichment of its managers. The paper analyzes, from a socio-analytic perspective, the way in which the particular economic, political and social Chilean context generated the conditions for the creation of a sophisticated system of deceit. Making use of a highly unregulated economic system the managers established a corrupt system that was able to build a chain of negligence, in which different key organizations got trapped in their ineptitude as accomplices. Comparative Analysis of Costs of Outsourcing Transportation at the Universidade Federal de Viçosa Bruno Olher, Institute of Southeast Federal de Minas Gerais Tharcisio Caldeira, PUC-RIo Andreia Albino, PUC-Rio This article analyzes the outsourcing process of public policy in the form of provision of service transport at the Universidade Federal de Viçosa. In order to stay focused on the final activities, managers hire third parties to perform the functions of operational nature. This process, originally known as outsoucing, began primarily in the private sector. In the Federal Educational Institutions, there was fostering greater in the 1990s due to the demise of senior operational level, becoming an important management tool. Little is known about the impact of outsourcing within these institutions. This, this article has the objective to make the analysis of transport costs, comparing them with the amounts paid in outsourcing fleet. Thus the results of this study will present information for better use of public resources. Comparative Study of Pay As You Go System and Capitalization System: A Case Study Carlos Murat, University of Valparaiso Pablo Mendez, Valparaiso University In 1980, Chile innovates in terms of social security, stablishing a pension system which is based on an individual capitalization and that is administered by a board of directors with exclusive line. This pension system, called AFP would replace the PAYG (Pay as you go). To keep an urban worker’s wage replacement rate oscilating between 60-70% was one of the promises of the pension system administered by the AFPs. At 30 years of operation of the system, the evidence shows that the average replacement rate is at 40%. Supporters and detractor of the system argue for and against it; however, studies of specific groups are scarce or not widespread. The current research studies the wage replacement rate of the professors and the administrative staff benefiting from retirement between 2009-2011 at a Public State University from Valparaíso, Chile. Decision Making According to Allison: The Take Over and Retake of the Justice Palace in Colombia Patricia Gutierrez Prada, Surcolombiana University This paper is a synthesis of the results of the master’s thesis in Public Policy, whose general objective is to understand the decision making process of the actors in the case of the takeover and retake of the Justice Palace under the paradigm of Rational Actor models, the Organizational and Political Governmental Process as Allison (1988). It is important to note that the three models are basic tools to approach the understanding of decision-making of actors in developing or emerging facts events that mark the history of a country, and at the same time they contribute with learning in the cycle of public policy. The decision-making in the socio-political context means facing socially problematic situations, which process is fickle as government and citizens interact with the purpose of obtaining their interests with the utmost satisfaction. Management Challenges of the Brazilian State: 1st National Conference on Transparency and Social Control Maria Cecilia Bezerra Tavares, Universidade Federal Fluminense Vanuza Figueiredo, Macae Instituto de Metrología y Tecnología The work presented here is the result of two independent studies developed within the same time period (2011-2012), on a central theme: the 1st National Conference on Transparency and Social Control and the impact that the mobilization of Brazilian society in controlling public spending and fighting corruption will result in national institutions. The data and conclusions presented here are the result of field studies by two researchers who worked in a participatory organization, mobilization and preparation of proposals of the Conference, which will contribute to the National Plan for Transparency and Social Control of the Brazilian government. The junction of these research aims to contribute to future Brazilian and Latin American studies about State and Society relationship. Public Budget with Variation Range: A Model for Simultaneously Mandatory and Authoritative Public Budget Benjamin Azevedo, FGV-EBAPE This article proposes a practical methodology for enhancement of the Brazilian Public Budget. The proposal aims to conciliate classically opposed positions, such as rigid versus flexible budget, or mandatory versus referential budget execution. The proposed mechanism, based on the establishment of a variation range for budgetary items, looks promisingly good when exposed to common issues on the budget area. Model strengths are its immediate applicability to several important questions on the budgetary arena, its gradualism and its relatively easy implementation. SESSION 68 DISTANCE EDUCATION TRACK 12 Paper Session Chair Date Time Room Monday, Oct 21 08:00 – 09:30 h Sala de Apoio 3A Ricardo Alonso Gonzalez, Finance Department of the State of Bahia Corporate Distance Learning: A Descriptive Study in the Finance Department of the State of Bahia Ricardo Alonso Gonzalez, Finance Department of the State of Bahia ALEXANDRE SILVA, DEPARTMENT OF FINANCE (TAX) OF THE STATE OF BAHIA The main goal of this paper is to investigate, through a qualitative approach, the experience of E-learning in the Finance Department of the State of Bahia as a mechanism for continuing education of its employees through the many features that this new form of teaching / learning provides. In a context of rapid technological change and growing social demands, it becomes increasingly important to improve the tax collection for greater efficiency, and a means of achieving this goal is through the consolidation of E-Learning, therefore, an important tool that enables reach a wide audience. The results point to a promising scenario in terms of scope and quantity of skilled people, plus a vast field yet to be explored, however, challenges still exist to be overcome, such as the resistance of students to this new modality and especially the high rate of evasion. Education and Community of Practice: An Experience in a Business School in Rio de Janeiro Deise Marques, FGV-EBAPE An empirical exploratory research based in the experience of a community of practice (COP) at a business school in Rio de Janeiro reveals how it influences the teacher’s practice and pedagogical conception. Taking part in this COP contributed to make the teachers surpass their professional daily challengers and at the same time improve the course. This kind of arrangement seems to potential the help to identify the learning process of the scholars. Evaluation of Distance Education as a Tool for Curriculum Development in Higher Education Classroom Ronaldo Bernardo, FGV-EBAPE Atila Indalecio, FGV-EBAPE Samuel Vasconcelos, FGV-EBAPE Fátima Oliveira, FGV This paper aims to understand the vision of the school students face forward using disciplines of EAD as a tool used in the curriculum development process and forward the goals of higher education institutions with the adoption of such practices. Thus, we surveyed 170 students from courses for management training three different universities. The results indicate satisfactory levels of acceptance and approval of semipresential methods currently used in educational institutions studied, with average ratings about all the scale that the students themselves, judge the quality of teaching blended. Regarding the goals that institutions of higher learning point as the justification for the inclusion of disciplines semipresential, there is no consensus among students of classroom teaching that these objectives are being achieved. These results invite a re-evaluation of the teaching of Higher Education Institutions. The Virtual Learning Community and Its Impacts on Business and IT Courses Gustavo Zurita, Universidad de Chile Oscar Jerez, Universidad de Chile Beatriz Hasbun, University of Chile Social networking is now presented as a new paradigm of how we socialize and access information. The way you can use it effectively for learning is the current challenge of higher education. This article presents the preliminary results of the study on the relationships that occur within a virtual learning community in a course of business and IT and its impact on learning outcomes. The results show that there is no relationship between the quality of anonymous interventions and the popularity of these within the virtual community. The participation of women in the community is relevant as they cause higher levels of interaction than men. Also, there is no demonstrated linkage between the course academic results and the participation in the virtual comunity. This raises the need to better identify what attributes of a comment or intervention can cause reactions in the community, and in turn impact on student learning. SESSION 59 THEORETICAL IMPLICATIONS AND METHODOLOGICAL APPROACHES: ACCREDITATION PROCESSES IN PERSPECTIVE TRACK 1 Paper Session Chair Date Time Room Monday, Oct 21 11:30 – 13:00 h Sala de Apoio 3A Mario Cordova-Claudio, University of Puerto Rico A Study on the Use of Quantitative Methods by Businesses in Puerto Rico Mario Cordova-Claudio, University of Puerto Rico Maria Amador-Dumois, University of Puerto Rico One of the most significant responsibilities of any School, including a School of Business, is to ensure that the teaching topics included in its curriculum remain relevant. This requires constant attention to the educational literature related to its disciplines, as well as periodic contact with the community that it intends to serve, in the authors’ case, businesses currently operating in Puerto Rico. The authors examine the use that the Puerto Rican business community makes of the quantitative methods’ techniques commonly taught in most business curricula. The study also focuses on the businesses understanding of the technique, as well as establishing a link between the business’ knowledge of the technique and the use of it. An ANOVA and a T-test revealed statistical differences in the usage frequency of these techniques, and suggest that the differences in usage may be due to the knowledge of these techniques rather than their actual relevance. Exploratory Study on the Internationalization of Schools or Business Universities: A Multinational Vision Didimo Dewar, University of Americas Puebla Sandra Marlene Viscarra Campos, Monterrey Tech A content analysis is conducted in this exploratory study with the objective of determining, with a multinational vision, the relevant variables suggested by presidents, deans and internationalization department heads, of universities of different regions of the world, for the internationalization process of business schools. The relevant variables that were established as the most important in the internationalization process of business schools were the following: students, faculty and courses and contents. A thorough explanation of these variables is presented of these variables in the conclusions. The experts addressed in the study determined, as well, that the business schools that initiate the internationalization process are the ones that establish the paths that they will follow in their internationalization strategy. Conclusions of this study also establish what are the inhibitors that affect the internationalization process as well and provide reasons for it. Perceptions of Rectors and Members of the Collegiate Maximum Bodies Chilean Universities: A View from Agency Theory Francisco Ganga Contreras, Universidad de Los Lagos Chilean university Governments are analyzed using the perceptions of principals and members of the top máximum bodies collegiate, employing agency approach, where the figure of the rector is the agent and the principal is the máximum bodies collegiate. Perceptions are found that confirm the agency theory which, along with being analyzed in its epistemological validity, serves as a tool for better governance of the university, in proposing a series of devices that provide meaningful indicators to monitor and optimize the tasks that question. Sustainable Internationalization: A Challenge for Private Business Schools in the City Rio de Janeiro Andressa Amaya, IBMEC Business School Luiz Flavio Autran Monteiro Gomes, Ibmec Business School of Economics and Fianance Antonio Freitas, FGV Maria Augusta Machado, Ibmec-RJ This study aims to understand the process of Internationalization of Business Schools in the city of Rio de Janeiro; and identify if this process can create sustainable competitive advantage. Three Higher Learning Institutions offering Programs in Business Administration were studied. This paper reviews the literature on the subject by discussing the concepts of Internationalization and Globalization and their impact on teaching activities; historical aspects of Internationalization of Education; Internationalization strategies; measurement models of the process; and how CAPES influences the Internationalization process of PhD program in Business Administration. Interviews with managers of the International Offices were made; websites and documents were analyzed. Several actions of Internationalization are being developed, which allowed us to recognize the existence of the Internationalization process and that this process contributes to building competitive advantage. Tensions between Administrative and Pedagogical Discourses in Schools MANIZALES: Case 34 MEN GUIDE German Albeiro Castaño DUque, Universidad Nacional de Colombia Andres Felipe Jimenez Lopez, Universidad Nacional de Colombia Julio Cesar Valencia, Universidad de Manizales While there is no universally accepted concept of educational quality, the attempt to establish parameters and general guidelines on the topic has been going on for some time, and is the case of the National Ministry of Colombian Education’s Guide #34, which creates a structure to follow for the institutional betterment of educational groups, and which, as it is implemented and developed, by way of quality management systems, can cause tensions between pedagogues and administrators. SESSION 6 CORPORATE GOVERNANCE & ASSET RETURN TRACK 2 Paper Date Time Room Monday, Oct 21 11:30 – 13:00 h Sala de Apoio 3B Session Chair Joelson Fagundes Junior, State University of Rio de Janeiro Forecast of Insolvency: A Comparative Analysis Between the Financial Statements for the Hits and Errors Joelson Fagundes Junior, State University of Rio de Janeiro Erica Velozo, State University of Rio de Janeiro Frederico Carvalho, FEDERAL UNIVERSITY AT RIO DE JANEIRO Alvaro Lima, State University of Rio de Janeiro The aim of this paper is to compare the result of applying the model prediction of insolvency, based on discriminant analysis, when combining indicators from the Balance Sheet (BP) with indicators derived, either the Statement of Income, Statement of Changes in now Applications and Resources, now the Statement of Cash Flows. It is intended to verify that some of these statements have compared, the best percentage of success in the ratings. We used a sample of 50 enterprises, 25 and 25 insolvent solvent, the latter being handled as pairs of insolvent. The model is mounted, single based on the indicators used in many insolvency prediction, presented in the literature review. As predicted, when summed indicators of statements, the results produced only indicators from the BP, the percentage rating improves. However, when analyzed individually, the results vary according to the source of the statement that complements the indicators from the BP. Forecasting Financial Insolvency Models in Firms: Evidence from Mexico Cuauhtemoc Villarreal, University of Monterrey In this study we analyze the efficiency of multivariable model predictive Re-Estimated 2009 Z-Score applied to a sample of the Mexican Stock Exchange for the period 1997-2012 and compared their results with the proposed alternative model, The Altman Z-Score Revisted. We analyzed twelve companies that had to be suspended payments in any year during the period analyzed, and other twelve companies with a stable financial situation. Subsequently financial ratios were calculated for the implementation of the models. The results were 56.3% overall prediction, with 75% accuracy for predicting corporate insolvency that had fallen into receivership. Moreover, by applying an alternative model, the model The Altman Z-Score Revisted was obtained resulting in a 86.5% overall prediction, furthermore the percentage of prediction for insolvent companies was 100%. Mergers and Acquisitions in Latin America: Industrial Productivity and Corporate Governance Mateo Vasco, EAFIT University Lina M. Cortés, EAFIT University Sandra Gaitan, EAFIT University Ivan Alejandro Duran Diaz, Prince Sultan University We examine the impact of industry productivity on cross-border Mergers and Acquisitions (M&As) activity from OECD countries to Latin-American countries during 1996 to 2010. Furthermore, we analize the relationship between corporate governance and crossborder M&As. For this purpose, an industry-level gravity model is used. We find that origin country’s industry productivity and high corporate governance standards promote the cross-border M&As activity. However, the higher capital and technology productivity, the lower cross-border M&As activity. Private Equity Influence in Brazilian IPOS from 2004 to 2011 Ricardo Rochman, FGV Estêvão Passos Eller, Getulio Vargas Foundation The goal of this study is to investigate whether the presence of private equity funds in a company before going public affects the long-term performance of their shares. It was used the event study methodology to investigate the returns of a sample of 126 IPOs that occurred between 2004 and 2011 in Brazil. It was found that there is an abnormal return average of 3.47% on the day of release and that over time the return becomes negative showing -15.27% in the first year, -37.32% by the end of second year and reaching -36.20% at the end of the third year. In order to investigate what influences the CAR in the long run, regressions were run for periods of 1, 6, 12, 24 and 36 months with a set of control variables. The presence of a private equity fund was significant only after six months after the IPO. Testing for Intensity, Persistence and Financial Contagion in Latin America: A New Use of the Hinich Bicorrelation Test Rafael Romero-Meza, Universidad del Desarrollo Hugo Benedetti, Universidad del Desarrollo Claudio Bonilla, University of Chile We use the Hinich bicorrelation test in a rolling window framework and combined it with a new method that graphically represents nonlinear events in stock indexes. The proposed approach was applied to detect nonlinear episodes in Latin American stocks markets, proving able to determine their start and end dates, intensity and persistence. The six episodes identified in the period studied were found to be contemporaneous with international financial crises, suggesting that the contagion caused by financial crises may induce nonlinear dependencies. The approach is complementary to traditional tests employed in the study of financial contagion. The adoption of the proposed approach would enable financial analysts and regulators to assess graphically the state of dependence measured by the bicorrelation test in real time. SESSION 35 SUSTAINABLE HUMAN RESOURCES MANAGEMENT TRACK 3 Paper Session Chair Date Time Room Monday, Oct 21 11:30 – 13:00 h Buzios B Mayte Garcia, EGADE Business School A Sustainable View of HRM: Filling the Social Research Gap Mayte Garcia, EGADE Business School Anabella Davila, Tecnologico de Monterrey In organizations, sustainability tends to be addressed from the corporate social responsibility (CSR) perspective. However, this approach suffers from the imbalance where more emphasis is given to the environmental pillar relative to the social one (that includes the human side) from the sustainability triple bottom line. The purpose of this paper is to provide evidence of HRM practices that are associated with social and human sustainability in Latin America in order to fulfill the social research deficit. This is achieved through a content analysis that illustrates award winning organizations of the PROhumana 2011CSR ranking in Chile—a country known for its early opening of the economy, high human development index and its continuous economic growth—implementing employeecentered HRM practices that the literature refers as central practices that contribute to human sustainability. Human Resources Management in Micro Projects: Case Study from Pre-sales Area, in an Eastern Multinational Company Gustavo Marchisotti, FGV-EBAPE Rodrigo Almeida, FGV Marcos Rego, FGV Project Management is an activity essential for the smooth running of any project, so a challenge that requires definitions of activities, timelines, budgets, resources, risks, scope, among other factors. Among these other factors, the main focus should be given to human resource. Without it, no project will bring good results, especially when it is shared across multiple projects and clients. In this article, the subject of human resource management is discussed quite specific in respect of dedicated human resources (dedicate resource to a particular project or client) and shared human resource (use the same resource in multiple projects or customers), in an environment of micro projects. The aim of this paper is to identify the major difficulties in making the human resources management in micro projects. For such a case study of an Oriental multinational company, pre-sales area, adhering to the concept of micro projects was used in this work. Management Education and Professional Career Development: The Impact of the MBA on its Graduates’ Career Transitions Guillermo Dabós, UNICEN Andrea Rivero, UNICEN Jorgelina Marino, UNICEN María Candela Rodríguez, UNICEN During the last few years, careers have become increasingly variable and unpredictable, characterized by continual changes and transitions. In this context, careers are primarily driven by the person, not the organization, resulting in a greater number of professionals seeking to enhance their knowledge and management skills through business education. This paper examines the impact of management education on professional career transitions. In particular, this study explores the careers transitions described by individuals with diverse professional backgrounds who have recently graduated from one of the leading Executive MBA programs in Argentina. Following an interpretative, grounded theory approach, dominant typologies of career transitions as well as individual motivations for career change emerged. Results reveal specific patterns of career transitions (role and organizational transitions) that graduates relate to the completion of the MBA, particularly in terms of time and perceived impact (ex ante and ex post transitions). Work in the New Economy and Strategic HR Management: How Organizations Choose among Alternative Work Arrangements Andrea Rivero, UNICEN Guillermo Dabós, UNICEN María Candela Rodríguez, UNICEN Based on an extensive review of the emerging research on alternative work arrangements, this paper examines how organizations combine these arrangements (e.g., from direct fulltime employment to contract work) as well as how they balance the costs and benefits associated with each of them to best fit their organizational contexts. This review leads to the development of a conceptual model to investigate strategic decision-making in the specific domain of Human Resource (HR) management, while setting the foundations for further empirical examinations of the model validity, particularly among knowledge-intensive organizations. An exploratory, multiple case study of high technology firms in the Argentinean software industry, a archetypal sector of the new economy, was conducted to illustrate the relevance and applicability of the model. The present study concludes by discussing the implications of alternative work arrangements for strategic HR management. SESSION 82 CORPORATE SOCIAL RESPONSIBILITY: PERSPECTIVES AND CHALLENGES TRACK 4 Paper Session Chair Date Time Room Monday, Oct 21 11:30 – 13:00 h Buzios A Lucia Barros, FGV-EBAPE Corporate Volunteering and Organizational Outcomes: A Theoretical Model Lucia Barros, FGV-EBAPE Even though the adoption of corporate volunteering programs has become an important trend among organizations (e.g. Grant, 2012), it is still not clear whether it benefits the employee-organization relationship or not. Therefore, the paper discusses its possible benefits and pitfalls and provide four theoretical propositions, which are integrated into a single theoretical framework. Specifically, the model links the participation in corporate volunteering programs to organizational commitment, which can be moderated by the experience’s evaluation; and to conflict, which can be moderated by the support of a servant leader. Exploratory Study of Motivations and Attitudes of Ecological Consumers in Chile Cristobal Fernandez, technical university federico santa maria Jorge Cea Valencia, Universidad Técnica Federico Santa María Paulina Santander Astorga, Federico Santa Maria University The consumption of organic products has become a concern for significant sectors of society. The purpose of this research is to approach to characterize the motivations and ecological consumer attitudes in Chile. This research involved a questionnaire administered through a non probabilistic sample with 196 valid questionnaires which evaluated demographic and psychographic variables, motivations and attitudes towards consumption of organic products. This reserach identifies that the main reason for buying organic products is that Chilean consumers believe that organic products are healthier, identifying, within the perspectives of environmental concern, that selfish perspective is the strongest among them. They also have high perceived effectiveness in their actions and in their attitudes they have high verbal, affective and real commitment with the environment. Participation of Organizations in the Regional Strategy Adaptation to Climate Change in Arequipa Erika Velasquez, Universidad Catolica San Pablo Currently, Peru does not have a national balance contribute to making decisions between institutions involved in processes of adaptation and mitigation to climate change, a situation exacerbated by the dependence of regional economies in economic activities sensitive to climate change such as agriculture, livestock, fishing, forestry and industry supply chains, services and tradedependent processing of these natural resources. This research analyzes the participation of public, private and capacity at the technical group in relation to the opportunities that are created to work the Regional Strategy for Adaptation to Climate Change. Peru is in 20 countries most vulnerable to global climate changes localized to a tropical mountain geography with a great diversity of ecosystems. Perspectives, Impacts and Perceptions: The Influence of the Aluminum Industry in Barcarena, PA Bruno Moreira, FGV Raquel Castro, FGV The paper tries to grasp what are locals’ perceptions on the impacts of the aluminum industry in the county of Barcarena, Pará, to assess in which ways does these ventures influence the routine of locals and how is the relationship between these enterprises held with the community. In order to investigate this, the researchers visited the county, engaged in conversation with stakeholders and accounted their views. Afterwards, the material was seen through the methodological lens of speech analysis. By linking the main fieldwork findings with the literature review on corporate social responsibility, theories of power and local development, it was concluded that although the population presented many criticisms to the industrial impacts, they found themselves entangled in an asymmetric relationship of power with the local ventures and whenever a proposal of withdraw was presented they refused it since they understood that this was their only source of development. Some Criticisms to Corporate Social Responsibility (CSR) and Radical CSR as a Proposal to Overcome Them Eliasib Naher Rivera Aya, Jorge Tadeo Lozano University This document compiles some criticisms of the CSR that were found during a review of various papers. Lack of clarity of the concept of CSR, the psychopathic nature of the corporation, market failures that hinder the corporation does good by doing good (profit wins over principles), the use of the CSR discourse to hide the most vicious corporate activities, the use of voluntary feature of CSR as an argument to get regulators do not impose more stringent standards or laws, the manipulation of society and external stakeholders for the benefit of the corporation, and the use by corporations of CSR as a makeup to improve their image and to achieve better financial results are the criticisms of CSR stated. Following is the idea of Radical Corporate Social responsibility (RCSR) as a proposal to overcome the criticisms expressed and achieve genuine implementation of CSR. SESSION 19 CONSUMER CULTURE THEORY (CCT) & DECISION MAKING TRACK 8 Paper Session Chair Date Time Room Monday, Oct 21 11:30 – 13:00 h Petrópolis A Fábio Francisco de Araujo, Pontifical Catholic University of Rio de Janeiro Consumer Behavior in the Property Market: Relevant Attributes for Purchase of Flat in the City of Rio de Janeiro Bruno Tanure Lopes Silva, PUC-Rio - Pontifícia Universidade Católica do Rio de Janeiro Renata Céli Moreira da Silva, Pontifícia Universidade Católica do Rio de Janeiro - IAG/PUC-Rio Fábio Francisco de Araujo, Pontifical Catholic University of Rio de Janeiro The Brazilian property market, especially in the city of Rio de Janeiro, after a long time, heat up again. The increase of income of the population, coupled with easy credit and high expectations, with the arrival of mega-events like the FIFA 2014 World Cup and the 2016 Olympics, are considered the main causes of overvaluation of properties. Given this scenario, this study was to investigate the main attributes that the consumer considers a higher priority to buy its apartment in Rio de Janeiro city. Through in-depth research, qualitative study identified that the consumer goes through conflicting situations of choice, when, for example, it gives up the location attribute for an internal space according to its preferences, since the price does not allows obtaining both. On top of that, it is concluded that at the time, consumers will not find their dream house, but one that just will fulfill their needs. Consumer Engagement in a Brand Virtual Community Vitor Lima, FGV Jose Mauro Nunes, FGV In present competitive environment, it is possible to say that brands play a key role in the full life of the organizations supporting purchasing decisions, maintaining relationships and therefore providing better margins. To make this possible, virtual communities present themselves as a powerful tool for building brand equity, because they are composed of loyal customers and, in fact, have a legitimate interest in the values proposed. Within the context of relationship and branding, the term engagement appears frequently and must be understood by the cognitive and affective commitment in the process of relationship with a brand. Thereby, it can be considered that the mere involvement or interaction in a virtual community of brand does not mean sustainable value to the organization. From these assumptions, this article aims to show how the engagement is given in a virtual community of a brazilian brand, considering the data from its Facebook page. Consumption in Alternative markets. A Study in Parangaba’s Fair Using Natural Concept Maps Veronica Peñaloza, Universidade Estadual do Ceara Lucas Souza, Universidade Estadual do Ceará (UECE) Felipe Gerhard, Universidade Estadual do Ceará Marianela Denegri, La Frontera University ricardo pintanel, university diego portales Alternative sectors remained forgotten until the late 90’s. Although, they have been gaining prominent attention in the academic and entrepreneurial field on account of business opportunity they represent. Thus, the overall purpose of this article is to investigate, through the natural concept maps technique, the low-income customer’s behavior within informal or non-traditional markets concerned with the hedonic and utilitarian dimensions of consumption. For that, we surveyed 220 consumers to inform what are the reasons that lead them to an alternative market. Concept maps main results highlighted that consumers go to this kind of markets primarily due to low piece. Nevertheless, together to the central concept of economic-utilitarian, the concept of hedonic-festive arises as an essential attribute of the consumption. Therefore, the individuals accomplish their purchases seeking to increase its usefulness; however, there is also pleasure in doing them. Effectiveness of Placement in Movies: A Study of Chilean Consumers Leslier Valenzuela, University of Chile Carolina Martínez, Finis Terrae University Felipe Yañez, Universidad de Chile The purpose of this study is investigate the effectiveness of placement in movies, in relation to their influence on the memories “explicit” and “implicit” of chilean consumers, identifying attitudes and acceptability addition to this advertising practice. The methodology is experimental and was applied to a sample of 205 university students. The main findings indicate that participants exposed to placement of brands connected with history, obtain recall and recognition rates above the placement of brand is used by a main character, and this at a time to placement when the brand is used as part of the background. It is further noted that the placement produces an increase in purchase intent subsequent participants compared to the control group. Finally, we observe the existence of slightly favorable attitudes toward the placement. Religion Impacts on Consumer Behavior: An Exploratory Study in a Religious Event Fábio Francisco de Araujo, Pontifical Catholic University of Rio de Janeiro Fabrício Correia Vieira, Pontifical Catholic University of Rio de Janeiro - Department of Economics Lucas Martins Turano, Pontifical Catholic University of Rio de Janeiro This study investigated the meaning assigned by young Catholics on activities and objects of religious consumption. The aim of this paper was to identify the impact of religion on consumer choices, seeking to understand its influence on the construction of individual and collective identity of such consumers. We limit the catholic consumption culture to products and activities for religious use, such as retreats, ritual objects, symbolic objects and instruction objects, restricting the analysis and avoiding epistemological deadlocks. To conduct this research, we used the ethnographic method of participant observation in a Catholic retreat, and also we conducted in-depth interviews with event organizers. The results indicate four main trends related to consumption practices of young respondents, namely: symbolism and meaning, construction and reinforcement of identity, not consumption; seeking interaction. The study contributes to the existing knowledge regarding the relationship between consumer behavior and religious practices, besides to opening new research perspectives. Thrift Shops in Poor Communities: From Disposal to Disposal Barbara Levy, Pontifícia Universidade Católica do Rio de Janeiro Aurelio Queiroz, Coppead UFRJ Marketing traditionally describes products lifecycle stages as purchase, consumption and disposal. However, several clothing donated to individuals or charities have a new lifecycle, part of them being resold by thrift shops. This exploratory study based on in-depth interviews and observation of local thrift shops in a lowincome community aims to investigate the market for used clothes to better understand the behavior of low-income consumers regarding secondhand clothes, in view of the traders of these goods. Key findings include the formation of social networks among thrift shop owners, even if increasing competition, but competing for supply of goods; the quest for a market positioning; a secondary market creation; decreasing but still present prejudice towards secondhand clothing; the business opportunity that thrift shops represent to the owners, and the renewed lifecycle of discarded objects captured by thrift shops. SESSION 76 CORPORATE GOVERNANCE AND SUSTAINABILITY TRACK 9 Paper Session Chair Date Time Room Monday, Oct 21 11:30 – 13:00 h Petrópolis B Jorge Alberto Durán Encalada, Universidad de las Américas Puebla Alliance for Governance and Sustainable Development to Organizations in the Forest Sector João Bento Oliveira, Federal University of Uberlandia Andre Menck, Federal University of Uberlandia Adriana Prado, Antares Consulting This paper analyzes the development of a strategic alliance, discussing its main characteristics to their success, the process of choosing a partner and the impacts on corporate governance for sustainability of an agro-forestry project. It presents the reasons for which such a model should be adopted in case of a forest company that has the challenge of implementing a set of activities aimed at the development of a forest economy in the Amazon Region. In spite of the difficulties with a first partnership, the case indicates that an alliance model increases the chances of success. This leads to the conclusion that, for effective corporate governance, a model contemplating a set of necessary skills—at all levels of the company—and strategic alignment of environmental responsibility. The results show that analysis with a relational scope adds value to traditional governance, thus contributing with new insights to strategic decision making of enterprises. Are External Directors Contributing to Mexican Family Firms’ Diversification? Jorge Alberto Durán Encalada, Universidad de las Américas Puebla Juan Manuel San Martin Reyna, Universidad de las Américas Puebla This study examines the role that external directors play on implementing diversification strategies in public family businesses. We try to define first whether the presence of external directors in the family business board of directors becomes a crucial element on diversification strategies undertaken by the firms. Second, we assess the contribution of these diversification strategies on value creation by using Tobin’s Q. The theory of agency, RBV, and the concept of social capital provide a sound theoretical basis for building our research hypotheses. Based on these, on the one hand, there are some grounds to expect that the role played by external directors will mitigate financial risks created by family property concentration and their willingness to retain control. For the empirical part of research we use data of 75 Mexican listed companies during the period 2005-2011, and apply Fixed-effect regression analysis. Clean Development Mechanism for the Carbon Market Penetration in Colombia Mauricio Ledezma, Sergio Arboleda University This study seeks to analyze the most sophisticated carbon markets; their structures, features, products and best practices implemented in order to identify guidelines for its penetration in Colombia. The project also aims to propose an accounting model for each phase of the project under the Clean Development Mechanism, in order to reflex an accurate accounting disclousure according to the provisions of the Law 1314 of 2009. In order to achive the above, the study should determine the most likely scenarios of the carbon market for the post-Kyoto period (2013 – 2020), and understand the details of the several phases involved in such projects from a institutional and financial point of view.This study is part of a research project develeped by the Business School of Sergio Arboleda University. Corporate Government in the Colombian Finance Industry: The AVAL Group and BANCOLOMBIA Case 1990-2010 Guillermo Murillo Vargas, University of Valley Jose Luis Duque Ceballos, University of Valley Geovanny Perdomo Charry, Medellín of University The concept of Corporate Goverment sumarizes the basic priciples to be followed by the senior management and controls agents based upon prestablished guidelines. However, in order to clearly establish the notions of Corporate Government governance codes come up which seek to improve an enterprise’s performance, both internally and externally, efficiently, transparently and responsibly before the society. The present research describes the results obtained from analyzing Colombia’s Financial Industry between 1990-2012, particularly the AVAL groups and Bancolombia. As result, the main conclusion obtained is that Corporate Goverment practices represent a key factor for management, transparency and power relationships among different social actors in the managerial exercise as well as with different groups of interest. Sustainable Human Resources Management: A First Approach Orlando E. Contreras, Industrial University of Santander Aura Pedraza, Industrial University of Santander Carlos Vecino, UIS This paper recounts the evolution of the concept of Corporate Social Responsibility into what today is known as Sustainability Management, where the idea of a successful business from a financial standpoint is totally compatible with the fact of creating positive social returns and favorable impact for the environment. The contribution made by this study is based on what through literature is found: Sustainability is heavily leveraged through an adequate process of human resource management, and organizations that address such administrative practices have been validated as an element of sustainable value creation and often competitiveness, which could be a wortwhile process of consolidation and convergence of ideas along with conventional reasoning of Human Resources Management, which ultimately give rise to what might be called Sustainable Human Resources Management. SESSION 15 INTERNATIONAL INTERACTION AND FDI TRACK 10 Paper Session Chair Date Time Room Monday, Oct 21 11:30 – 13:00 h Petrópolis C Maribel Ortiz, Turabo University Attitude of SME’s that Affect Internationalization: A Comparison Study of Exporters and Non Exporters Maribel Ortiz, Turabo University Most Puerto Rican SME’s have a domestic focus. This situation require analysis of the factors that influence the decision making process. The decision to export or not to export, can vary with the decision making process (behavior) of the owner. The main theory used to explain the link between attitudes and decision making actions (behavior) to export or to refrain from exporting is known as the Theory of Reasoned Actions (Fishbein y Ajzen, 1980). The objective of this study is to evaluate the effect of the attitude of the entrepreneur/owner toward export activity, toward risks and toward innovation that may affect the behavior toward export. The research intention is to compare the attitude of the nonexporters and exporter by the use of statistics analysis, logit. The study revealed that the attitude toward risks is the factors that most influence behavior toward export activity. Latin America Strengthens Relations with India through the BRICS, Is This Possible? Susana Mangana, Catholic University of Uruguay Ignacio Bartesaghi, Catholic University of Uruguay Trade relations between Latin America and India have increased considerably lately, although at lower rates than commerce with China. Indeed, it is vital that Latin America does not limit itself to China and realizes the great potential that Asia enshrines. Hence, dedicating similar efforts and analysis to another great Asian player such as India. The latter shares interests and strategic objectives with Brazil, Latin American biggest economy, through instances such as IBSA and the well known block called BRICS. Undoubtedly, both countries occupy a high position in terms of geopolitics. Thus, it is interesting to explore how Brazil can exploit this structure of emerging economies to strengthen its relations with India, beyond the economic level, while trying to achieve that resulting benefits have an impact in the region. Sustainability Standards and International Presence of Chilean Wine Industry Sammy Liberman, Universidad Finis Terrae The sustainability initiatives and practices developed by Chilean wine companies have increased considerably in recent years; however, the wine industry has a misperception of the real impact of these practices on their performance in international markets. Using the data base provided by ProChile between 2002 and 2012, this research seeks to determine the real incidence of sustainability certifications and accreditation, in the international expansion of Chilean wine companies, as well as verify, the explanatory power included in these standards in relation to the level of the international expansion of this segment of companies. SESSION 71 GENERAL APPROACHES TO IMPROVE EDUCATION TRACK 12 Paper Session Chair Date Time Room Monday, Oct 21 11:30 – 13:00 h Cabo Frio D Simone Mello, Grande Rio University A Show of Cocoa Simone Mello, Grande Rio University Davidson Freitas, Grande Rio University José Rezende, UNIGRANRIO University of Grande Rio This teaching case presents the trajectory of the chocolatier Alexandre Tadeu da Costa and of his shopping and franchise system, the Cacau Show, to characterize the activity of a Brazilian entrepreneur and the results obtained from, mainly, the schools portrayed in the Mintzberg’s work — Strategy Safari (MINTZBERG, AHLSTRAND and LAMPEL, 2000) — focus on design and entrepreneurship. The use of the case in the classroom should lead students to identify alternatives and take decisions about positioning for sustained development of competitive advantages, support logistics competence and possible approaches to the foreign markets. The case is a “secondary data” (LEENDERS & ERSKINE, 1989), developed from information available in regular media specialized in business. A Theoretical Analysis for Studying the Impact of Information Technology in Education in Latin America Mauricio Vasquez, University of Puerto Rico Melike Findikoglu, Technion Israel Institute of Technology This paper brings further discussion to the relationship between information and communication technologies (ICTs) and development, concentrating on education in developing countries. Authors explore technology deployments in education mainly in Latin America to propose reasons why ICT transfer approaches have failed to provide sustainable advancements in education. Two factors are developed in this study: the careless import of ICTs without considering the social and environmental conditions in which technology is being deployed, and the cultural gap between teachers in Latin America that poses several challenges when digital immigrants try to educate a new generation of digital natives. Gaps in Tourism Higher Education: A Comparative Study between Guadalajara (Mexico) and Lima (Peru) Otto Regalado, ESAN University Miguel Angel Montoya, Tecnológico de Monterrey El turismo es una actividad económica generadora de divisas y promotora de fuentes de empleo para la población. El presente paper (resumen extendido) tiene como objetivo principal conocer si existe una brecha en la oferta educativa en turismo brindada por las universidades e institutos técnicos y el mercado laboral. La investigación se realizó en dos partes, la primera de ellas consistió en levantar información secundaria, donde se realizó una revisión de literatura exhaustiva encontrándose poca investigación sobre el tema en México y en el Perú; y la segunda parte, consistió en realizar una investigación cualitativa de carácter exploratoria, donde se efectuaron, en cada ciudad, entrevistas semi estructuradas a 20 expertos de los sectores público, privado y académico. Para analizar las entrevistas en profundidad realizadas se utilizó el análisis de contenido buscando la interpretación de los discursos con el método deconstruccionista. Puerto Rican Employees’ Local Adaptation to Multinational Companies’ Corporate Culture: Idioms Usage and Business Etiquette Anamari Irizarry, University of Puerto Rico Rio Piedras Campus Linda Clarke, University of Florida Daniel Bonilla, University of Florida The present paper deals with the degree of local adaptation of Puerto Rican employees to the corporate culture and business etiquette of the foreign multinational companies in which they work in Puerto Rico. Specifically, this will be measured by the degree of familiarity of business idiomatic expressions of the Puerto Rican employees and through the rate of familiarity of proper business etiquette behavior observed in their companies. This is research is an adaptation of the current research in process. The Simulation Games: Educational Tools for the Understanding and Development of Concepts in Management and Marketing Santiago Roldan Zuluaga, University Autonoma of Occidente This teaching case introducing an illustration of how it can be incorporated as business simulation games as part of the contribution to pedagogical practices in management and marketing courses at universities. It also breaks down the impact on the cognitive development of the course to propose scenarios and situations for the understanding and development of concepts, core competencies where the subject is raised to potentiate the effect of evidence on the strategies used by students when it comes making a decision. SESSION 57 INTERNATIONALIZATION OF BUSINESS SCHOOLS: TRAJECTORIES AND EXPERIENCES TRACK 1 Paper Session Chair Date Time Room Monday, Oct 21 16:30 – 18:00 h Petrópolis B Alex Faria, FGV-EBAPE Internationalization, Productivism and Accreditation: Who can Classify Knowledge and Educational Institutions? Alex Faria, FGV-EBAPE rafael alcadipani, FGV-EAESP Sergio Wanderley, FGV-EBAPE In a moment that Latin American authors suggest that the criteria for the production and dissemination of management and organization knowledge (MOK) tends to subalternize anything that is produced beyond the language basis emanated from the North, and that authors from the North condemn the perpetuation of the same power basis in a process of neocolonialism, we should question ourselves on which patterns are we supposed to internationalized MOK produced in Latin America and which are the effects in our institutions if we acritticaly adhere to international accreditation. We understand that the prevailing crisis of Euro-American MOK demarcated by the financial crisis initiated in 2008 represent a unique opportunity for Latin America to bring to the to the fore MOK produced in the region in order to foster pluriversality in a world where many knowledges can coexist. Results of Academic Modernization to Face the XXI Century Eduardo Villegas, Universidad Nacional de Colombia Vicente Ortega, Universidad Nacional de Colombia La Universidad Nacional de Colombia as the main educational center of the country, and one of the oldest has undergone several changes and updates over its 146 years of existence, allowing it to be now the main center for studies and research, with a high Quality Institutional and each of its programs, finding that the School of Management of Manizales has not been immune to this transformation, and has constant updates that allowed to be at the top nationally, with high internationally renowned. To achieve these goals the Faculty of Administration in conjunction with the entire institution has developed multiple changes and updates, which have occurred since the rules, regulations, curricula content, teaching strategies, among others, thus enabling the Faculty of Administration to stay ahead in the Country. The Impacts of Globalization on the Internationalization Process of Management Education Programs Ana Celano, FGV-EBAPE Ana Guedes, PPGA/UNIGRANRIO The purpose of this essay is to question the impacts of globalization on management education, based on changes in the production and consumption of knowledge in the contemporary international context. Grounded in the literature reviewed, we intend to propose a research agenda aimed at understanding how and why international masters programs of management education are included in this new global agenda that aims to reach emerging countries such as Brazil, India and China. The International Accreditation: The Path to Establish Global Partnerships to Assure Academic Quality Carlos Villatoro, ESI School of Management Globalization changes the world and therefore the education. Latin America has the urgent need to be global in that context we have to do substantial changes in our educational systems. As a school of business we must be the example for other faculties in the internationalization of our programs. One of the advantages of been accredited by a specialized and international accreditation body is the possibility to belong a global network with which to share the same academic quality criteria. The International Assembly for Collegiate Business Education (IACBE) is the leading outcomes-based professional accrediting organization for business programs in student-centered colleges and universities throughout the world. Through IACBE, the school of business can establish international partnerships in order to help them to be global. The accreditation demonstrates the adherence to commonly good practices, increases the reputation to business schools, external accountability, and continuous improvement. The Internationalization of the Educational Organization as Driver of the Improvementent of the Management Schools Luis Felipe Agramunt, Universidad Nacional del Litoral Carlos Beltrán, Faculty of Economic Science Julio Theiler, National University of Litoral Maria Andres, Faculty of Economics - Universidad Nacional del Litoral Romina Cascino, Universidad Nacional del Litoral The Management Schools (EAd) are shown in many cases as “international”. For this purpose they incorporate international dimension content, teachers of third countries as guests, research with members from different countries, promote academic exchanges and offer courses in more than one language. However, none of these elements in themselves imply that these EAd are engaged in a process of internationalization of the institution they belong to, nor benefit from it to improve or expand their offerings. In Argentina, the Universidad Nacional del Litoral (UNL) has one of the most advanced internationalization processes and this has helped considerably in recent years the process of consolidating its EAd. The strength of this process in recent years has resulted in a significant improvement being the main benefit obtained is the definition of strategies and courses of action to take advantage of it and be positively projected in the medium and long term. SESSION 36 MANAGEMENT : STRUCTURE & CULTURE TRACK 3 Paper Session Chair Date Time Room Monday, Oct 21 16:30 – 18:00 h Buzios B Lina Nakata, Universidade Federal de Uberlândia Academic Production Analysis on International Management of Human Resources between 2001 and 2011 Natacha Silva, Universidade Presbiteriana Mackenzie Ademar Orsi, University Presbyterian Mackenzie Lina Nakata, Universidade Federal de Uberlândia The globalization represents not only the growth in mobilizing capital and products, but also the movement of workers in different markets. The aim of this work was to analyze the national and international academic production on international management of human resources between 2001 and 2011. For this, we used the bibliometrics, because it is a technique that intends to identify the trends and the knowledge growth in an area. The international management of human resources is the process of development and implementation of the best people management practices in the multinational companies of different countries. There are few studies about international management of human resources models, as the expatriates issue is more emphasized. We understand that the theme of international management of human resources is a very propitious field for new investigations, enabling the deepening on the Brazilian reality, and compare it with other countries. Conceptual Model to Examine the Relationship Between Athletes’ Emotional Intelligence and Performance in Puerto Rico Luis A. Mondríguez, Universidad del Turabo Isabel Rivera, Universidad del Turabo Emotional intelligence looks as a relevant skill in sports and management. The ability of athletes to control their emotions during a sport competition may help them in decision-making. The purpose of this study is to investigate the relationship between players’ EI and individual performance at the professional basketball level in Puerto Rico. This conceptual model contributes to the existing literature by expanding models for EI and team performance. This study makes several contributions to sport management research and practice. The proposed framework will be tested using a quantitative approach. The Modified Version of the Emotional Intelligence Scale instrument will be given to 100 basketball players to measure their EI. Individual performance will be measured by using the formula that has been designed to measure individual performance at the French National League of Basketball. Interpreting the Seventh Art Organizations: Interface Between Culture and Metaphor Cintia Medeiros, Federal University of Uberlândia Thais Andrade, Federal University of Uberlândia Valdir Júnior Machado Valadão, Federal University of Uberlândia Edileusa Godói, Universidade Federal de Uberlândia Esther Solano, Universidade Federal de São Paulo Our aim is to explore organizational metaphors and its interface with the culture, analyzing an movie whose plot has an organization as a backdrop. The film and television transformed societies in visual cultures, and representations of real substitute for experience, including that which occurs in the organizational space. Thus, it is possible to think of the film as a representation that reflects also the organizational reality, being able to offer insights and help in thinking about the issues in the context of production organizations, as that decodes representations, constructions and deconstructions. We performed the analysis of the filmic kind content analysis of a film, following a script drawn from the organizational metaphors proposed by Morgan (1996). We present our interpretations of an organization portrayed in the film industry, pointing out that the film can be valuable tool to explore the construction of realities and understand various aspects of the organizations. National Culture Aspects Evidenced in an Organizational Climate Survey: A Comparative Study in Seven Countries Lina Nakata, Universidade Federal de Uberlândia Natacha Silva, Universidade Presbiteriana Mackenzie Edileusa Godói, Universidade Federal de Uberlândia Mankind has experienced a paradigm change that affects the culture in organizations and hence their management models. We aimed at analyzing national culture aspects through organizational climate variables, comparing culturally distant countries. This study has a quantitative approach. Data were collected in 434 companies located in different continents. We evaluated the statistical description of the variables from the Hofstede model, considering three dimensions: power distance, individualism and masculinity. The results revealed similarities (two in three points for France, Brazil and India), but also differences (no point in common for Japan). When we analyzed dimensions and statements about the perception of the work environment, we also highlighted some points in common, and some dissonant. SESSION 81 CORPORATE SOCIAL RESPONSIBILITY AND BUSINESS COSTS TRACK 4 Paper Session Chair Date Time Room Monday, Oct 21 16:30 – 18:00 h Buzios A Maria Cristina Bustillo, ASCOLFA Analysis of the Actions in the Chain of Providers within the Framework of CSR at The Hotel Las Americas Global Diego Cardona, ASCOLFA Maria Cristina Bustillo, ASCOLFA Zilath Romero, Business administration association of Colombia This research aims at enquiring into the social practices implemented by the Hotel Las Americas, identifying the programs contained in the CSR framework being implemented by such an organization, and identifying those responsible for their enforcement; All of this will allow the researchers to contrast the different existing theories around the CSR issue along with the institutional principles and actions pursued by the hotel including its stakeholders, The results of the research will have suppliers as the dimension targeted by the hotel organization’s social practices and that includes an analysis of the company’s documents, an in-depth interview. Likewise, by implementing the case study methodology, the researchers will engage in deepening more on the level of ownership and understanding of those responsible for enforcing the administrative actions within the CSR framework, besides determining the stakeholders’ perception of such social practices Business Costs of Intimate Partner Violence against Women Exporters in Peru Jazmin Ponce Gómez, San Martin de Porres University In Peru, 38% of women have experienced some episode of intimate partner violence. In this context, is high probably that women exporters in Peru are victims of intimate partner violence. This study seeks to determine the costs of intimate partner violence against women exporters in Peru, estimating the opportunity cost and descapitalization. Depth interviews to women exporters will be conducted in order to determinate the levels of intimate partner violence experienced and its psychological and physical damage. Subsequently, the opportunity cost will be calculated through the days due to disability to work or immobility. Descapitalization will be calculated by the costs due to specialized care to address the psychological and physical damage. The results of the study aims to prove that the business costs of intimate partner violence on women exporters causes high financial damage to the sustainability of their businesses Corporate Environmental Management in the Banking System: A Case Study in the City of Santa Maria Dario Moreira Pinto Junior, University Center Geraldo di Biase Welington Leoncio Costa, UNIVERSITY CENTER GERALDO DI BIASE Antonio Carlos Breves de Souza, UNIVERSITY CENTER GERALDO DI BIASE Every time the organizations around the world are devoting much of their time concerned with sustainability. This dedication is mainly from business needs to ensure its resources in a sustainable behavioral change and the customers of today are increasingly demanding a commitment to the environment. Although not recent, and has been treated by many in the past as a matter of ideological environmental groups that do not accept the modern society of consumption, the concern for environmental preservation is now a growing importance for companies. An important aspect to be observed in contemporary environmental issue is the degree of increasing of managers in the search for environmentally appropriate solutions to the problems of production, distribution and consumption of products and services. This work is a study of the interests of the stakeholders of the banking sector that use the environmental management to attract new customers. CSR in the Colombian Oil Industry, from the Organizational and Institutional Change Perspectives: Case Studies Guillermo Murillo Vargas, University of Valley Monica Garcia Solarte, Valley University Andrés Azuero, Universidad del Valle The present research explains how institutional changes and their ncidence on Corporate Social Responsibility generate organizational change processes within the Colombian oil industry from three representative case studies in the sector (Ecopetrol, Petrobras and Pacific Rubiales), being the first one from Colombia, the second one from Canada and the third one from Brazil. This work was begun by reviewing different authors and perspectives regarding Corporate Social Responsibility as well as institutional and organizational change. We tried to incorporate the most representative perspectives, always making empahsis on what is understood as Corporate Social responsibility in the oil industry. This work present the role that the oil industry plays in the colombian society, characterized by multiple issues and social changes, where the hydrocarbon sector is one of the most important ones to the economy. Influence of Corporate Social Responsibility on Corporate Reputation and Financial Results Leslier Valenzuela, University of Chile Mauricio Jara, Universidad de Chile Francisco Villegas, University of Chile The objective of this research is to examine whether the implementation of social responsibility practices influence on corporate reputation and the value of the company, applied to a sample of 55 Chilean companies. Qualitative analysis identifies relevant dimensions used by companies in Chile and quantitative analysis examines the influence of these dimensions on corporate reputation and financial performance. The study reveals that there are differences in the dimensions that include companies in their CSR strategies and the influence on the financial results for companies that perform actions in four dimensions: social, ethical, environmental, collaborators. These dimensions influence the annual performance of actions (PA) and the Market to book (MTB), while sales growth (SG) would be for the ethical dimensions and partners. The Innovation in Social Responsibility that Generates Competitive Advantage: SMEs -Peru Edwin Dionisio Cuba Guevara, Catholic University San Pablo Es una investigación que sistematiza el conocimiento en la implementación de sistemas de gestión para PYMES interesadas en hacer de la Responsabilidad Social Empresarial , parte de su gestión, considerando que la ética y las buenas prácticas, corresponde a todo tipo de empresas, sin importar su tamaño, se convierte para las PYMES en una oportunidad, a la que se puede acceder con iniciativa, creatividad e innovación, más que con recursos. Las PYMES constituyen un sector fundamental de nuestra economía y su labor en materia de responsabilidad social no sólo genera beneficios para su gestión, sino que constituye también un aporte para toda la sociedad. El propósito del estudio fue abordar el concepto de Responsabilidad Social Empresarial, aplicado en la práctica de las PYMES, a la luz de los avances y limitaciones de las prácticas empresariales responsables y determinar su particular vinculación con el desarrollo sostenible. SESSION 52 MANAGING IT TRACK 7 Paper Session Chair Date Time Room Monday, Oct 21 16:30 – 18:00 h Cabo Frio D Andrea Hurtado Ayala, Universidad del ValleJose Mauro NunesFGVJorge Luiz Tesch SantosBrazilian Navy Finance Directorate Absorption Capacity of Knowledge in the Service Sector in Colombia Andrea Hurtado Ayala, Universidad del Valle Carlos Hernán González Campo, Universidad del Valle The Dynamic Capabilities Theory states that to adapt to market and gain competitive advantage, companies must develop skills to acquire new resources and reconfigure existing powers. The absorptive capacity of knowledge is a recognized dynamic capacity to promote learning and use of external knowledge. This research builds an indicator of absorptive capacity of knowledge based on the definition and scales proposed by Zahra and George (2002), applied to data from the Survey of Development and Technological Innovation held in Colombia (EDITS III) for the sector services during the period 2010-2011. You get an insufficient level of knowledge absorption capacity, highlighting the sub-parts, aviation and environmental management services to possess greater ability to manage knowledge, reflecting the need for public policies that foster knowledge generation activities and innovation in this sector. Evaluation of Rendering Military Organizations of Services (RMOS) Economic Performance by Executive Dashboards Jorge Luiz Tesch Santos, Brazilian Navy Finance Directorate Renato Santiago Quintal, Financial Directorship in Brazilian Navy Maria Santos, FINANCIAL DIRECTORSHIP IN BRAZILIAN NAVY Esdras Carlos de Santana, Brazilian Navy Finance Directorate Marcelo Davis, Brazilian Navy Finance Bureau The subject of this article is to explore what are the possibilities and limitations of the use of a computerized system of executive dashboards to evaluate the Rendering Military Organizations of Services (RMOS) economic performance. This research is classified as qualitative, non-experimental, exploratory, bibliographic, documentary and case study. The main findings are associated with the fact that the use panel indicators allowed for more accurate monitoring, and in the shortest time, the performance of the RMOS; viewing the most current and critical of their economic situation, allowing the identification and timely recommendations corrections; integration of information in a data platform safer; creating historical series for the preparation of studies and works with applications in Brazilian Navy and academia, and finally, facilitating the reading of the indicators for the use of new graphics and images in metrics representation. Leadership in Technology Antonio Cevallos, UEES The purpose of this paper is to present a theoretical review of the most important aspects that contribute to a new research perspective oriented technology leadership in organizations. This raises the need to create a reference model whose metrics to determine and identify technology leadership according to the current conditions of organizations, emphasizing the importance of technology as a distinctive element in the search for competitiveness. It is concluded that it is important to think and establish patterns that make organizations are considered a leader in the technological context. Strategic Information Management in Company X Otavio Serra, FGV Jose Mauro Nunes, FGV Company X (fake name for privacy reasons), a company in the technology sector, was founded in August 2010 by a young visionary who identified the possibility of acting in the digital book market as a distributor. The quality of information and the speed with which they are generated directly impact the business and consequently in the decision making. There is a gap in the company for acceptance of these new features, and in order to be used at full power and integrated management that allows a gain in productivity of teams and their areas. The current design and structure of “technology” in the company is doomed to a niche “IT” that is stereotyped and seen as an area of the company to solve network problems as computer installation and programming complex systems. There is, however, a role in the technology-oriented counseling or coaching technology, with respect to the “soft” technology. The Role of Absorptive Capacity on Organizational Ambidexterity - A Network Context Frederico Moreira, Federal University of São Carlos A major advantage of organizations that interact in networks can be to reach the ability to be ambidextrous (ambidexterity). In other words, simultaneously, they can innovate continuously from the inner knowledge, already consolidated and from external knowledge acquired. This research project presents a model with three hypotheses that expand the concept of realized absorptive capacity as a mediating variable of ambidexterity. Based on social capital theory, the model applies two important variables that moderate the transition between potential absorptive capacity and realized absorptive capacity - communication structure and the nature and distribution of expertise, both occurring at the level of the individuals involved in the interactions between the networks. Expected contribution to the theory comes from the empirical test of this model by means of the nonlinear structural equation modeling technique. The TV Commerce as a Tool for Desicion Making Castaño Franco Alejandra, National University of Colombia, Manizales Today’s world is full of changes most of them are technological, those bring with them useful tools as TV Commerce is. The consumer is mind changer and now, in the XXI century, has become more demanding, therefore is important to get correctly to him, by the TV Commerce it generates benefits for both client and for the company, because can define with more clarity which is the market. Ideally is that each day, by the method of create new platforms that helps to create a new profiles, it personalizes the consumer. This text shows how plenty companies are strongly betting to this new trending, because is not external that globalization makes us to be more updated. But, above all, this paper also shows limitations, and the clear unknowledge of this tool as decision making of the consumer SESSION 32 INTERNATIONAL MARKETING TRACK 8 Date Time Monday, Oct 21 16:30 – 18:00 h Paper Session Chair Room Petrópolis A Juan Carlos Sosa Varela, Turabo University Consumer Perceptions of Private Labels vs National Brands Juan Carlos Sosa Varela, Turabo University Patricia Femenias, Universidad de Puerto Rico Claudia Serrano, Universidad de Puerto Rico María Santos-Corrada, Turabo University Angie Lugo-Salls, Factory of Service Juan Osorio, Universidad del Turabo Edgar Rodríguez, Universitario of Turabo This study was conducted to investigate some of these specific factors that influence the Private Labels brand image and the consumer choice between Private Labels (PL’s) and National Brands (NB’s), specifically characteristics of consumers, their socioeconomic status, store image, perceived quality of PL’s and NB’s, prices, packaging, and the difference between product categories. The Puerto Rican sampling frame was of a convenience sample of 550 consumers. The questionnaire consisted of five-point Likert-type scale items that measured the factors that motivate consumers to purchase PL’s and NB’s. Twelve factors were tested to see which ones influenced the purchase decision of a Puerto Rican consumer. The results indicate that product quality, social aspect and loyalty affect positively the attitude toward NB’s. Meanwhile, social aspect, price/quality and PL experience affect positively the attitude toward PL brands. Dimensions on Global Brand Equity - A Conceptual Study Mario Divo Motter Junior, FGV-EBAPE The marketing practitioners are always demanded to lead brand management processes, working to add value to a brand. Actually, the brand is measurable as equity, and there are companies that include its value on the balance sheet. To make projections of a brand value, the main institutes interpret that communication and the interaction with the stakeholders strongly influence the brand equity, an asset that indicates a value, monetary or not. The game can be more complex if we look what might happen to a global brand at an international level. In times of governance, brand communities and social responsibility, the concept of “citizen brand” aggregates a real value to the brand, a value embedded in an economic system which is increasingly dynamic and global. Based on a literature review, this conceptual paper intends to propose an integration to better understand the main constructs that influence the brand equity. Perceived Cultural Proximity and Its Marketing Implications Carmen Espina, University or Puerto Rico Camila Espina, University of Syracuse The new globalized markets and their interconnectedness entail new challenges for academics and industry practitioners. Of special interest are the cultural nuances that may determine whether enterprises rise or flourish in global, national or regional markets. The current study is mainly concerned with perceived cultural proximity, the extent to which people perceive their culture as similar or different to another one, and levels of interaction, the different factors and dimensions that comprise an individual’s overall experience with another country – and the marketing implications of these processes. The relationship the United States currently maintains with one of its commonwealths, Puerto Rico, presents a unique and interesting opportunity to explore the dynamics of perceived similarities and experiences. To that end, this study employed an online survey to measure and contrast levels of interaction as well as perceived cultural proximity of Puerto Rican and American culture from the Puerto Rican vantage point. Perceived Justic & Emotions in Brazilian, Colombian, and Puertorrican Companies: A Multinational Assessment for Service Settings Juan Carlos Sosa Varela, Turabo University Flávio Brambilla, Lutheran University of Brazil Mario Giraldo, Northern University Goran Svensson, Oslo School of Management The purpose of this research is to test a construct of perceived justice and emotions and its dimensions in negative service encounters across Brazilian, Colombian, and Puerto Rican telecommunication companies. Also to compare similarities and differences of perceived justice in negative service encounters in these countries. The researchers applied convenience sampling and 1,023 useable questionnaires were obtained. The findings indicate that there is a significant difference on the level of perceived justice between Puerto Rican, Colombian and Brazilian customers. Also, that there is a significantly difference in 18 negative emotions between Puerto Rico, Colombia and Brazil. The dissimilar means support the assumption that exist differences in negative emotions on customer across countries. The empirical findings provide satisfactory validity and reliability across three countries, but there are acknowledged research limitations. These offer an opportunity for further research to verify or falsify the validity, reliability and generalization of the current findings. The Influence of Country Origin on Purchase Decision of a Brazilian Rancher Carolline Picolli, ESPM Eduardo Eugenio Spers, Superior Faculty of Advertisement and Marketing This research has as objective to get propositions about the influence in the country of origin of agricultural input company in the purchase decision of the Brazilian rancher. The method used followed three steps. The first one was a structured personal interview by a script following the criterion of the method of image configuration. Then was applied a questionnaire with a scale based on bipolar adjectives. The third step was used the technique of conjoint analysis considering three levels of attributes identified as key in a herbicide. Through analysis of data was possible to obtain five propositions: there are important differences and even opposite relations between the image that sets a national crop protection’s company and international one; the importance of technical assistance and price in relation to country of origin on the decision purchase; image of products from China and U.S; and image of herbicide for pasture. SESSION 94 NEW TEACHING AND RESEARCH CHALLENGES FOR PUBLIC ADMINISTRATION IN BRAZIL TRACK 11 Panel Date Time Room Monday, Oct 21 16:30 – 18:00 h Petrópolis C Session Chair Panelists Lindijane Almeida, Universidade Federal do Rio Grande do Norte Efrem de Aguiar Maranhao Filho, Federal University of Paraiba Henrique Heidtmann Neto, Getulio Vargas Foundation Magda Lúcio, Brasilia University Kamila Oliveira, Universidade Federal de Minas Gerais Patricia Vendramini, Universidade do Estado de Santa Catarina UDESC/ESAG Due to many social, economic and technological transformations in the 20th century and beginning of 21st century, many educational institutions seeking to improve the quality of their graduating students, have adopted multi-disciplinary and interdisciplinary systems in their pedagogical projects. The Brazilian educational system is based o rigid regulations and bureaucracy which causes many governance problems that prevent from keeping up with the current social, economic and technological trends. In this panel we discuss and compare the demand of the Minister of Education in Brazil with the demands of the market for graduating students. Leonardo Oliveira, FGV Flavio Vasconcelos, FGV In this article, we seek, through an exploratory study to identify some of the factors that influence the student´s scientific publication rate in postgraduate courses. Items relevant to the curriculum of teacher as overseas training, scientific productivity and teaching experience, as well as items relating to the structure and quality of the classes, as the requirement of a final paper, perception of class quality by students view, number of students in the classroom and dedication to the discipline are used as empirical basis in the form of independent variables in a linear regression analysis in order to predict student´s scientific publication rate. SESSION 66 LEARNING ASSESSMENT AND SUCCESS FACTORS IN EDUCATION TRACK 12 Paper Session Chair Date Time Room Monday, Oct 21 16:30 – 18:00 h Sala de Apoio 3A Leonardo Oliveira, FGV Academic Authors’ Rights: Authors Versus Publishers? Liliana Luchi, IAE Business School Miriam Pirela, IESA School of Management In the last decade, there has been an increase in the differences between academic writers and publishers regarding author rights, as their points of view and needs differ so much from one another. It is common practice that when an author publishes some work, his publishers ask that the copyright be transferred to him. This transfer of ownership usually affects their access and use of rights. Most academic authors need to publish for tenure and other academic reasons. They also must do so in well recognized publications and with a high impact factor. These are mostly published in countries where Anglo-Saxon law allows full transfer of rights. On the other hand, publishers need to profit from the publications. These two worlds may seem incompatible, but in the last few years different initiatives have emerged to solve these conflicts and preserve author rights. Determinants of Success of Students in Higher Education Leidy García, Universidad Católica del Maule, Chile Arcadio Cerda, Universidad de Talca Patricio Aroca, ADOLFO IBANEZ UNIVERSITY The paper analyzes the determinants of success of students at the University of Talca, via individual, academic, family, and socioeconomic emphasizing the effect of stem or a technical college. Probit models are used to determine the likelihood of school success, however, as there may be selection bias is Heckman model estimated in two stages. It also uses a propensity score matching methodology to compare the level of success depending on the school of origin. The results show that the main determinants of success are sex, high school notes, the results of the screening test in mathematics and language college, technical school come from a commercial and education of the mother. Matchig models show that there are significant differences in the likelihood of success among students from technical colleges commercial and others. Masters and PhD Student’s Scientific Productivity Predecessors: An Analysis of Environmental Influence in Student’s Productivity Success Factor in the Research Elite Group in Management of Colombia Germán Castaño Duque, National University of Colombia, Manizales From research “Knowledge generation in elite groups of management research in Colombia” developed into research program of ASCOLFA- Antioquia in 2011. This program meet researchers from six univertities of Colombia. This paper present the success factor as one of the issues raised in the investigation. These factors have allowed the 23 groups under study, have reached top rankings in Colciencias, A and A1. These factors are addressed as recurrence and frequencies with which they were mentioned. On the theoretical basis is discussed as related to the research groups and key elements for the generation of knowledge in the discipline and also addresses matters related to social groups and within these research groups and their characteristics that affect their success. The Relation Between the Organizaciona Learning L and the Quality in the Colombian Universities Kelly Tatiana Giraldo Pardo, Externado University of Colombia This investigation there seeks to develop a model of management of the knowledge to the interior of the universities that has as basic increase the innovation. The bases of the above mentioned model will be on the one hand, the learning organizacional and on the other hand, the management of the quality inside these organizations. In this sense, the following hypothesis was defined: H1: The processes of insurance of the quality are based on organizacional learning processes. There was done an analysis of Poisson’s regression, where the dependent variable And they were the years of in force accreditation of each one of the universities granted by the CNA, against a set of variables constituted by the obstacles to the learning organizacional and for the variables of the SNIES on the universities, which estimations removed to end using the package SAS. Wines from Brazil Silvia Bressan, Coppead Luciana Araujo, COPPEAD Graduate School of Business Sylvia Moraes, Pontifical Catholic University of Rio de Janeiro This teaching case exposes the activities of a Brazilian consortium of wine producers. The case shows the formation and mode of operation of the consortium, and exposes the advantages and the challenges encountered in this type of organization. Its success can serve as inspiration to other attempts of association of producers and manufacturers to develop a collaborative marketing strategy targeting the foreign market. It demonstrates how joint action can strengthen companies, leading them to success without sacrificing their autonomy. SESSION 70 CASE METHODOLOGY AND TEACHING CASE TRACK 12 Paper Session Chair Date Time Room Monday, Oct 21 16:30 – 18:00 h Sala de Apoio 3B Sammy Liberman, Universidad Finis Terrae Brewery 3 Cordilleras: An Idea That Became a Dream, a Dream Come True Elkin Dario Rave Gómez, Institución Universitaria CEIPA This case presents the situation of Velez Juanchi a Colombian entrepreneur who along with 44 partners founded in 2007 in the city of Medellin, Colombia, micro brewery 3 Cordilleras. The craft beer market in the country is young, is growing and 85% is concentrated in the capital Bogota. According Juanchi, General Manager of the company, 1 in 10 000 beers in Colombia is handmade, compared to a ratio of 7 out of 100 in the United States and Europe, the growth potential is 700 times. However, after five years of operation the company has not achieved its breakeven point, sales have problems and the natural market does not respond as expected. Cultura Para la Paz Sammy Liberman, Universidad Finis Terrae This case illustrates the successful initiative developed by the Centro de Mediación y Solución de Conflictos (CMSC) from the creation of the program called, “Cultura para la Paz” (CPLP). This experience of Creating Shared Value (CVC), developed between 2009 and 2012 in Chile, in relation with the issue of school violence (bullyng), allowed a very adequate link between the participating private companies and the chilean vulnerable school communities, positioning these companies as initiators in the field of the combat of bullyng in Chile. Get Up, Shakes Off the Dust and Comes Back Out on Top! Karen De Carli, UNIVALI Nathalia Werlang, UNIVALI Marcia Paloschi, Fundação Universidade do Oeste de Santa Catarina Sidnei Vieira Marinho, Programa de Pós-graduação em Administração da Universidade do Vale do Itajaí Anete Alberton, University of Vale do Itajaí From a governmental initiative in the city of Chapecó, in 2003 some negotiations have initiated between 17 cities of the western region of Santa Catarina and PRONAF, with the intuit to establish the Regional Public Market. It was created aiming to provide a space for marketing in Chapecó retail and serve as a mean of trading to agricultural and agroindustrial farmers of western region, as a way to add value to products. However, the project did not fulfill its purpose, coming up against various obstacles such as: lack of positioning in the market; sanitary barriers of commercialized products; deficiencies in publicizing and logistical problems regarding to supply chain. Today the Regional Public Market has a low commercial flow, beneath than expected and the population of Chapecó almost ignores its existence. Quo Vadis Efficacitas? (Teaching Case) Xavier Ordeñana, ESPOL Juan Carlos is the CEO of a small knowledge-intensive firm located in Guayaquil, Ecuador named Efficacitas. Efficacitas is a consulting firm specialized in environmental services. They installed an information management system that allowed them to work on projects and tasks from anywhere in the world. Due to a coincidental situation, it decided to expand its operations to the country’s capital, Quito, when one of its best employees had to move there. Juan Carlos saw that as a pilot test for what it could be the next phase of internationalization. Now, Juan Carlos and Efficacitas face the challenge of internationalizing. He has studied several potential markets, including Peru, Panama, Chile and the United States. They all have pros and cons. Is it the right time for Efficacitas to expand its operations to an international basis? If so, where should it move? ViX Swimwear: The Challenges of Enduring an International Entrepreneurial Path Angela da Rocha, Pontifical Catholic University of Rio de Janeiro Gilberto Figueira da Silva, Pontifical Catholic University of Rio de Janeiro Renato de Mello, Federal University of Rio de Janeiro This teaching case aims to provide tools for discussion of international entrepreneurship phenomenon in a traditional industry – the beachwear fashion – and the difficulties faced by the entrepreneur facing a rapid growth in international context. The case portrays the process of setting up a Born global company in the United States (USA), whose sales are dispersed in the USA, Brazil, Europe and some countries of Latin America, but manufacture is outsourced from Brazil. The case is intended to entrepreneurs training programs and courses, primarily in the areas of administration, entrepreneurship, international marketing and fashion. SESSION 3 CAPITAL STRUCTURE TRACK 2 Paper Session Chair Date Time Room Tuesday, Oct 22 08:00 – 09:30 h Petrópolis B Pablo San Martín, Universidad Católica de la Santísima Concepción Capital Structure in the Chilean Corporate Sector: Revisiting the Stylized Facts Paolo Saona, Saint Louis University - Madrid Campus Pablo San Martín, Universidad Católica de la Santísima Concepción This paper uses panel data methodology to study potential drivers of debt-equity choice. This analysis is performed with a sample of 184 quoted Chilean firms for the period 2002-2010. Our results show that leverage increases with firm size, the affiliation to economic groups, and with the availability of future growth opportunities; whilst it decreases with profitability, non-debt tax shields, and dividend pay-out. We find that highly leveraged capital structures and the affiliation to economic groups in Chilean firms are the answers to a financial system more oriented towards the banking with weak protection of both minority shareholders and creditors Determinants of Cost of Capital: An Econometric Model Sandra Gaitan, EAFIT University Hermilson Velasquez, Universidad EAFIT Daniel Cardona, EAFIT University In this paper, we present the macroeconomic and microeconomic factors affecting the cost of capital of 24 companies listed or traded on the Bolsa de Valores de Colombia (BVC) during the quarter period 2003-4 to 2012-1, using the methodology of static data panels with fixed effects and dynamic panel with differences GMM. The variables used were GDP growth, the DTF, IGBC returns, sales growth, Tobin’s q and the profit margin. The results show that most of the variables are significant in explaining the variable Weighted Average Cost of Capital (WACC), as well as evidence that macroeconomic factors have a greater impact on the cost of capital that microeconomic factors. IPO´s Impact of Capital Structure in a Company Amynthas Gallo, FGV The research described the main features of the capital structure and the motivations for the issuance of shares of 56 non-financial companies on the BM&FBovespa in the period 2004-2008. The results indicated that: companies were generating cash and had high liquidity, BNDES represented 22% of bank liabilities and highlighted the relevance of collateral security. After the IPO, the capital increase more than offset the capital needs of the company, there was a reduction in financial liabilities and companies tended to be funded with higher volume of capital. Multivariate Nonlinear Dependence: IPC’s Case and the Exchange Rate in Mexico Semei Coronado Ramirez, University of Guadalajara Rafael Romero-Meza, Universidad del Desarrollo Utilizando una extensión multivariada del test no paramétrico de no linealidad de Hinich, el presente trabajo estudia la relación lineal y no lineal entre el par de retornos del índice accionario de México (IPC) y el tipo de cambio medido como peso/dólar estadounidense por medio de la correlación cruzada y la bicorrelación cruzada para tres períodos presidenciales, entre los años 1994-2012. El test permite subdividir la muestra en ventanas, logrando aportar información sobre dependencia no lineal no disponible con otros test y además sin la necesidad de imponer una distribución de probabilidad específica para las series. No se encuentran subperíodos de correlación cruzada significativos, sin embargo existen ventanas de tiempo cuya bicorrelación cruzada es significativa, lo cual indica que existe una relación no lineal y bidireccional entre las series. Al mismo tiempo, se analiza para tres períodos presidenciales, ya que existió cambio de poderes en la gobernanza. The Effect of Business Risk on Capital Structure Thiago Castiglia Gatti, Universidade Presbiteriana Mackenzie Wilson Toshiro Nakamura, Mackenzie Presbiterian University Este artigo tem como objetivo estudar a relação entre o risco da firma e o endividamento da mesma. Para este fim, foram usadas três variáveis para representar o risco de negócio (desvio padrão do ROA, do log das vendas e da variação da receita operacional) e duas para representar o endividamento total (endividamento contábil e de mercado). O método utilizado no trabalho para o tratamento dos dados foi o painel de dados e foi usado o modelo de estimação de painel estático. Dentre as seis regressões realizadas no estudo, quatro obtiveram resultados positivos para o efeito do risco de negócio sobre a estrutura de capital. Sendo assim, foi possível chegar à conclusão que o risco está positivamente relacionado com o endividamento. SESSION 109 THE CHALLENGES OF MANAGEMENT EDUCATION IN BUSINESS SCHOOLS TO ADDRESS THE PROSPECTS FOR ECONOMIC AND SOCIAL DEVELOPMENT IN LATIN AMERICA TRACK 1 Panel Date Tuesday, Oct 22 Time 08:00 – 09:30 h RoomANGRA Session Chair Ruben Dario Echeverri, Univalle Colombia Panelists Octavio Ibarra, Universidad Del Norte Colombia Bianor Cavalcanti, FGV, Brazil Elsa Del Castillo, Universidad Pacifico, Peru This session aims to facilitate a reflection about the new economic and social development context in Latin America and the transformations that these changes raise in the business practice and enterprise development with the purpose to identified from this analysis key elements that could guide and focus structural changes in terms of curriculum contents and teaching methods in the undergraduate and graduate education offered by Business Schools. What changes are required for Business Schools to offer academic programs better suited to the new economic and business environment? This question will be the focus of our panel discussion. SESSION 37 MANAGERIAL DECISIONS TRACK 3 Paper Session Chair Date Time Room Tuesday, Oct 22 08:00 – 09:30 h Buzios B Jaime Humberto Martinez Diaz, Universidad de La SabanaMarcos Hideyuki YokoyamaOsaka University Human Capital Management in Family Business: The Impact of Family and Nonfamily Managers in Personnel Processes Jaime Humberto Martinez Diaz, Universidad de La Sabana Juan Guillermo Hoyos Díez, Universitario the Sábana The management of human resources has taken important attention inside organizations because people who work there are the most important asset to the organization. Its people who define the strategy and develop it, due to their commitment it is possible to reach the compliance of the mission and the vision of the company. On the other hand, the concept of family company has been consolidated and aspects that refer to its definition, evolution, administration, professionalization, conflict management, division of roles, management of the succession, among others, are studied to enhance the particular conditions that this type of company offers. The present paper has the purpose of sharing with the academic community the progress of the research that is been developed about the particular characteristics that are evident in the family company in terms of the execution of the different processes of the staff. Social Network Site, Leadership and Employee Outcome: The Case of Brazil Marcos Hideyuki Yokoyama, Osaka University Tomoki Sekiguchi, Osaka University Business people are increasingly using Social Network Sites (SNS), such as Twitter, LinkedIn and Facebook. As a recent phenomenon, the potentialities, benefits and risks of such tools are still not properly addressed inside organizations. This experimental study investigated how the use of SNS influences the effect of transformational and transactional leadership on employees outcome at work. Using data from an online survey with regular employees in Brazil (n=251), we found associations between transactional leadership and two outcomes: work engagement and turnover intention. We also demonstrated that, for employees’ turnover intention, SNS-using leaders neutralize the effect of transactional behaviors. We also highlight managerial implications and future research directions. Women in the Boardroom in Colombia: Identifying the Barriers Sandra Idrovo, INALDE Business School - Sabana University Pamela Leyva, IPF-Universidad de la Sabana Ana Saldívar, University of La Sabana Even though women in Latin America are 52% of the labor force and might have achieved higher levels of education than men, their presence in the corporate boardroom remains low. Despite years of laws that intend to secure equal opportunities for everybody, women have not been able to access this level of decision. In-depth semi structured interviews with Colombians board members, men (7) and women (6), reveal that although recognizing the advantages of diversity for better decision making at this level, the presence of certain forms of implicit sexism: denial of discrimination and benevolent sexism, work as barriers for women entering or already on boards. Women Who Decide: The Issue of Genfer in Corporate Decision Making Lilian Costa, FGV-EBAPE Monica Monteiro, FGV-EBAPE Giselle Francisco Vasconcellos, FGV-EBAPE The growing number of women in leadership positions has stimulated several studies on the influence of gender in the process of decision-making in corporate environments, where the role of the manager is still strongly associated with male characteristics. This study aims to identify which characteristics impact the decisionmaking process of women, and to investigate the tendency for women to become more masculine by adopting more aggressive and rational postures. In order to explore this, a study was conducted among women executives in management and director positions in Rio de Janeiro and São Paulo. A questionnaire containing questions about situations relating to day-to-day business and behavior in situations that require decision-making was conducted to professionals over 30 years of age, with and without children, working in private companies located in Rio de Janeiro and São Paulo with at least five years of corporate experience. SESSION 30 SME PERFORMANCE AND STRATEGY TRACK 5 Paper Session Chair Date Time Room Tuesday, Oct 22 08:00 – 09:30 h Sala de Apoio 3B João Bento Oliveira, Federal University of Uberlandia Entrepreneurship and the Marketing Practice in SMEs Andre Menck, Federal University of Uberlandia João Bento Oliveira, Federal University of Uberlandia This paper deals with the different marketing approaches and their influence in the performance of SMEs. The specific forms of the marketing practice in small organizations can be understood as an interface between marketing and entrepreneurship. The lack of resources among small enterprises forces the construction of relatively simple but creative marketing initiatives. This paper presents the results of interviews conducted with ten proprietors of small retail companies, in what can be regarded as entrepreneurial marketing. Such forms represent orientation to innovation, where the focus on the idea and evaluation of the market needs rely on the entrepreneur’s intuition, the word-of-mouth advertising and the relationships network as the source of information. The results points out to a diversity of understandings about what marketing is and its practice in this environment, as well as the lack of structure and methodological orientation in such practice. Profiling Nascent Entrepreneurs in Puerto Rico: The Role of Personal and Environmental Conditions Alizabeth Sanchez-Lopez, Universidad del Turabo Isabel Rivera, Universidad del Turabo Pesi Amaria, Sarasota University Intentional models have been extensively used to explain different types of behavior including entrepreneurship. However there has been lack of empirical examinations of the transition from entrepreneurial intentions to behavior mainly due to the difficulty in obtaining samples that allow exploration of the business creation process and outcomes: firm birth. Nascent entrepreneurs represent individuals with manifested intentions since they start acting on creating a business. The purpose of this study was to develop a profile of nascent entrepreneurs in Puerto Rico based on personal (i.e. attitudes, human capital, social capital and financial capital) and environmental factors (facilitating, inhibiting conditions and displacement events). The study employs inferential statistics (ANOVA) to analyze differences between entrepreneurial outcomes of nascent entrepreneurs. The results of this study suggest that there is much more involved in transitioning from nascent entrepreneurship to actual entrepreneurship (starting the business) than suggested by intentional theories on entrepreneurship. The Organizational Learning Orientation and Its Effect on the Performance of the MSMEs. An Empirical Study in Colombia Edgar Julián Galvez Albarracin, Unversity of Valle GONZALO MALDONADO GUZMAN, AUTONOMOUS UNIVERSITY OF AGUASCALIENTES FRED CONTRERAS PALACIOS, Universidad del Valle The objective of this research is to determine empirically how learning orientation measured in terms of commitment to learning, the ability to unlearn, openness and experimentation, impacts the performance of the companies observed in terms of the evolution of their: internal processes, relationships with the environment, human relations, productivity and economic indicators, and overall performance. To determine this we conducted a study with 403 MSMEs from different cities and economic sectors of Colombia. The results obtained by multiple linear regressions show a highly significant and positive effect on the relationship under study, which has important implications for entrepreneurs, academia and government sector, because it indicates that a management style that encourages practices such divergence, the generation of ideas innovative, risk-taking, knowledge sharing, cooperation agreements with universities and other companies, experimentation and continuous change, generate better organizational performance. Uruguayan Enterpreneurs in the Department of San Jose Adriana Bonomo, Universidad Católica del Uruguay This paper analyzes the characteristics of women entrepreneurs in rural and urban areas in a particular geographical framework circumscribed to the department of San José, Uruguay. The geographical determination was performed by the features of the department itself, whose motto is “San José Entrepreneur” with strong momentum agribusiness which boosts the economy and on the other hand, the access to information for carrying out the field work provided by the General Director for Development of the Departmental Government of San Jose. The research aims to promote, at the departmental level, knowledge of entrepreneurship in general and social entrepreneurship, where through the values and entrepreneurial profile is achieved development and social change, providing opportunities for growth and social inclusion. It seeks to compare in turn the differences between entrepreneurs located in the department working in rural and urban areas to determine if there are significant differences between both of them. SESSION 55 OFFSHORING, LOGISTICS AND SUPPLY CHAIN TRACK 6 Paper Session Chair Date Time Room Tuesday, Oct 22 08:00 – 09:30 h Cabo Frio D Márcia Cristina Valle Zanetti, Pontifical Catholic University of Rio de Janeiro Adaptation of GRASP Metaheuristics as an Alternative to Improve the Performance of the Logistics Applied to E-Commerce Márcia Cristina Valle Zanetti, Pontifical Catholic University of Rio de Janeiro Annik Passos Marôcco, IFSudesteMG Heleno de Souza Campos Junior, Federal Institute of Southearn Minas Gerais One of the most important issues for the success of e-commerce is the ability of organizations to offer logistics services with quality, especially in the distribution and delivery of products ordered. Therefore, these companies are increasingly dependent processes that make efficient logistics system, emphasizing the idea of offering products and services that can overcome barriers such as location and distance costs feasible. It is proposed in this paper, different versions of the GRASP to solve the Vehicle Routing Problem. To resolve different algorithms applied to the construction phase and the GRASP local search are proposed, with subsequent implementation of refinement to improve the quality of the solution sought. The end product will allow the algorithm to minimize logistics costs, delivery times, better routes and reduce the total number of vehicles required to provide the service. Factors Affecting Puerto Rico’s Imports from a Customs Broke Perspective Claudia Anaya, University of Puerto Rico at Mayaguez Mario Cordova-Claudio, University of Puerto Rico Maria Amador-Dumois, University of Puerto Rico Import is an essential element of the international exchange dyad commonly overlooked when compared to exports. The objective of this exploratory study is to identify the main factors that affect imports. The method used was an online survey to customs brokers in Puerto Rico. The questionnaire draws from the World Economic Forum Global Competitiveness Index, World Economic Forum Global Enabling Trade Index and the World Bank Logistics Performance Index. The factors included are part of border administration, information and communication infrastructure and the business environment. Most border administration and communication infrastructure factors are not barriers to imports, contrary to most business environment factors. The result suggest that government, businesses, intermediaries and industry organizations should collaborate more and help improve the factors that hinder international exchanges. Modeling the Motivations for Offshore Outsourcing: A Theoretical Approach Elsa Nieves-Rodriguez, University of Puerto Rico Lorena A Palacios-Chacon, University of Puerto Rico Myra Pérez, University of Puerto Rico In practice, offshore outsourcing has been gaining popularity, but scholars have not been widely interested in this topic. Most of the research done in this area has been centered on the activities of MNE’s in the manufacturing sector, leaving behind SME’s and those firms in the services sector. Using a theoretical approach, the purpose of this paper is to question if SME’s and services firms could also benefit from offshore outsourcing given their particular characteristics, and to inquire about the possible tangencies and differences in the motivations that these firms might have to subcontract internationally in comparison to manufacturing MNE’s. Knowing what drives SME’s and services firms to do offshore outsourcing is important for the countries and foreign suppliers in order to adapt and expand their offerings to the needs of these firms. Propositions were established in an attempt to model the motivations. The Logistics of Newspapers Distribution in the Southern Region of Rio de Janeiro: The Daily Case of Vale Dario Moreira Pinto Junior, University Center Geraldo di Biase Welington Leoncio Costa, UNIVERSITY CENTER GERALDO DI BIASE Antonio Carlos Breves de Souza, UNIVERSITY CENTER GERALDO DI BIASE With the advent of increasing competition between companies in different sectors of activity, it becomes increasingly important to use management tools that can assist managers in their decision making. Logistics can be understood as a way to increase the degree of efficiency in organizations, since, through integration between manufacturer, supplier and consumer, the process can become more agile, secure and competitive. In this context, this paper aims to conduct a study, through interviews, on the logistics process of distribution of newspapers – Diário do Vale, with emphasis on describing, evaluating and reviewing the activities involved. One can say without a doubt, that the proposed objectives for the implementation of this research have been achieved in its fullness. SESSION 16 SOCIAL RESPONSIBILITY & MARKETING MIX TRACK 8 Paper Session Chair Date Time Room Tuesday, Oct 22 08:00 – 09:30 h Petrópolis A Angela Teresa Beltran Bustos, University Autonoma of Occidente 250 SME’s with Bigger Growth in Brazil: Research About Corporate Social Responsibility and Social Marketing Andreia Albino, PUC-Rio Tharcisio Caldeira, PUC-RIo Bruno Olher, Institute of Southeast Federal de Minas Gerais Given the fact that there are few studies that relate social marketing with the business environment, this study investigated the 250 SME’s with bigger growth in Brazil in 2011, according to the ranking of the Exame PME Magazine, aiming to identify actions that the firms define as Corporate Social Responsibility (CSR). Subsequently, the research identified actions which addresses the issue of Social Marketing, i.e., actions that have the potential to change people’s behavior voluntarily. This is a descriptive study with qualitative and quantitative approach, whose main results show that: many companies do not have websites or they have shortcomings; several companies have no CSR actions and also to a lesser extent, social marketing actions; and many companies that develop CSR actions don’t disclose these actions very clearly. Brand Management Facing The Image. Costumer Perspective Angela Teresa Beltran Bustos, University Autonoma of Occidente Madeline Melchor, University Autonoma of Occidente Ana Alvarez, University Autonoma of Occidente This research analyzes the brand image, perceived by the consumer of a leading mall in the city of Cali Colombia, through a quantitative descriptive study through a questionnaire, which identifies the status of the image that the people who are purchasers . The methodology uses an instrument contextualized with customers seeking attributes and applied to a representative sample of the population. The information was obtained using multivariate statistical methods and factor analysis, which allow fulfilling the goal of identifying groups of correlated attributes and factors associated with the image perceived by users. The determination of this construct allows knowing the attractiveness of demand, perception regarding quality of service. The results indicate the existence of seven basic dimensions: the location of the site, the range of products / services, sales personnel, communication, the environment, safety and emotion. Generic Advertising: Um estudo sobre a campanha I Feel Orange Renata Sabio, Escola Superior de Propaganda e Marketing Eduardo Eugenio Spers, Superior Faculty of Advertisement and Marketing Margarete Boteon, CEPEA - ESALQ/USP Considering the falling consumption of orange juice in key consumer markets - Europe and the United States - the National Association of Citrus Juices Exporters (CitrusBR) has put in place a campaign entitled “I Feel Orange”. This article aimed to analyze the strategy adopted by CitrusBR. For this, the campaign was compared with two North American generic advertising campaigns: “Got Milk?” and the program to encourage the consumption of orange juice from the Florida Department of Citrus. As a result, it was observed that the strategy used in “I Feel Orange” is similar to the “Got Milk?” campaign. However, the budget of the North American programs is much higher in comparison with the available by CitrusBR. Finally, in-depth interviews were conducted with people related with the Brazilian orange juice production that showed that the majority did not know that the campaign was being held. Green Marketing Campaign: Really Reflecting the Company’s Green Activities or Being Greenwashing? Ruben Chumpitaz Caceres, IESEG School of Management In recent TV or magazine ads, we have seen an effort from firms to clearly associate their brand with the nature (e.g. bears giving the keys of the car or wide animals inside a car singing with the driver). This type of advertisement had become more and more frequent and is part of the greenwashing movement. Our research is an effort to understand how various criteria (green environment, eco labels and précises figures) presented in advertisements are influencing consumer’s attitudes and behaviours. Our results show that taken individually, when one criterion influences the level of perceived greenwashing, it has basically no significant effect on consumers’ behaviour toward the brand, its advertisement or its product. So, even if the presence of a criterion makes an ad perceived as less greenwashed, it rather appears useless to use this criterion in order to improve directly consumer attitude and opinion toward the brand. Health/Nutrition Claims’ Impact on Communication/Advertising Effectiveness as Evaluated by Hispanic Whites Living in the U.S Mari Luz Zapata Ramos, University of Puerto Rico Hispanics are the fastest-growing, second-largest population group in the U.S. The impact food advertising claims can have on them has not been studied. Hispanics are at an increased risk of becoming obese (Obesity and Hispanic Americans, 2011). Therefore, it is important to study how they can be influenced to make better food choices. Given that media is one of the main sources people use to obtain health/nutrition information (Harris, Bargh, & Brownell, 2009), marketers need to know how information conveyed through advertising can impact attitude toward the ad and brand, and purchase intentions. Three commonly used health/nutrition claims were evaluated under premises established by the economics of information theory, the dual-mediation and independent influence hypotheses. More detailed/objective claims were expected to have more positive communication effectiveness. An experimental study revealed no major differences in communication effectiveness as a result to exposure to different claim types. Exceptions were noted. Structure of the Relationship Between the Consumer and Your Store Elías Ramírez Plazas, Surcolombiana University Dagoberto Páramo Morales, University of North This study suggest from ethnographic and descriptive exploratory approach, the structure of the relationship between the consumer and the traditional neighborhood store. In this sense, we used the perspective of Grounded Theory (Glaser & Strauss, 1967) and the method PRODIN (Bergadaá, 2006). The results corroborate that marketing channels are not merely economic systems as suggested by institutional and functional perspective (Gattorna, 1978), but social systems where the culture of the members influences their interactions. SESSION 84 INTERNATIONAL BUSINESS AND SPECIAL TOPICS IN STRATEGIC MANAGEMENT TRACK 9 Paper Session Chair Date Time Room Tuesday, Oct 22 08:00 – 09:30 h Sala de Apoio 3A Alfredo Rébori, UNICEN Business Strategies in Small and Medium Size Software Companies Maria Isabel Camio, Universidad Nacional del Centro de la Provincia de Buenos Aires Alfredo Rébori, UNICEN María Belén Álvarez, UNICEN Claudia D´Annunzio, Universidad Nacional del Centro de la Provincia de Buenos Aires This research was carried out within the “Innovation and Management Styles” Research Project, Center for Business Studies (CEA), School of Economics, UNICEN, Argentina. Its main aim is identifying the business strategies of five software companies after working with strategy classification models inherent to the selected field. This will be the result of analyzing different strategy classification models inherent to the software sector; identifying subvariables to be taken into consideration to describe business strategies in each of the analyzed cases and identifying commonalities, and distinctive features. The result of this research fosters the development of individual models of strategy analysis for innovation, which in the future can build bridges between the standardization of business models focusing on this type of strategies, and the resources needed, in relation to the variables of size and life stage of the software companies. F&A in the Oil & Natural Gas in South America: A Qualitative Study of 5 Events Helyson Parente, FGV Alvaro Cyrino, FGV-EBAPE This analysis aimed to contextualize M&A held in South America in the oil industry performing a qualitative analysis of five events using event study methodology and stock prices analysis. It was possible to correlate number of M&A with oil industry development, showing how important M&A are to world economy. The results showed no evidence of value creation. Four out of the five events presented negative cumulative abnormal returns. Only one event has obtained positive return and it was only for Target Company. Regarding takeover method, all five events presented evidence of value destruction to companies in all three forms. The average return into post-event period – 180 days after date announced – diverged from accumulative abnormal return in the event period, highlighting uncertainties as to the reliability of the results generated. The influences of a given event can be overlooked due to limitations, operational and methodology. HealthCare Management and Foreign Direct Investments in Latin America Zila Guimaraes Horta, FGV According to WHO (2001), “a healthy workforce is important when attracting foreign direct investment”. Health Care Management must be taken into account as one of the crucial components to Latin America successfully face new economic contexts. The framework of healthcare in Latin America is very similar with great deficiencies and difficulties in accessing services : “in Latin America, approximately two out of three people do not have access to basic quality coverage and to common social risks such as illness and loss of income due to old age, invalidity or unemployment” (Batista et al., 2008, p. 14). In this PDW we want to develop a framework for Knowledge management in Latin America Healthcare and to strengthen cooperation in order to respond better to the growing demand for health services due to economic development. We want to exam the relevant national experiences, address preventive health, the challenges of healthcare system of developing countries as well as health strategies and health education in Latin America. Why healthcare management looks like an assembly line for problems? The narrowness of relations to discuss international healthcare management aspects is a mechanism of power that enhances the capacity for formulating best strategy practices. SESSION 69 CASE METHODOLOGY TRACK 12 Paper Session Chair DEVELOPMENT OF RELATIONSHIPS BETWEEN THE THIRD SECTOR ORGANIZATIONS, STATE AND SOCIETY IN BRAZIL Date Time Room Tuesday, Oct 22 08:00 – 09:30 h Petrópolis C Session Chair Panelists Lais Vanessa Carvalho de Figueiredo Lopes, Assessora Especial do Ministro da Secretaria-Geral da Presidência da República Baiena Feijolo Souto, FGV/Projetos Joaquim Fontes-Filho, FGV-EBAPE Atila Indalecio, FGV-EBAPE The panel aims to establish a debate related to the development of the third sector and its relationships with the State in Brazil. Date Time Room Tuesday, Oct 22 08:00 – 09:30 h Buzios A Alba Henriquez, Instituto Tecnologico de Santo Domingo A Prospective Look on the University-Enterprise Relationship from the Professional Skills Alba Henriquez, Instituto Tecnologico de Santo Domingo This paper presents reflections on university-enterprise relationship from professional skills. These analyses are performed from a holistic perspective pretending to perform a prospective look on this topic in order to draw conclusions that tend to reduce the gap between them. An analysis of the development and the knowledge society, is part of skills development as its central axis, is a review of the relevant literature on professional competencies, both from the point of view of work as an academic. Additionally, the relationship between universities and companies from professional skills is analysed, and finally, presents the results of exploratory research entitled “University-Enterprise from Professional Skills: Business School Case of the Technological Institute of Santo Domingo (INTEC) “, for more contextualized subject knowledge in Directors of Business Programs, Alumni and Employers. Casar é Fácil: The Use of Social Media in New Ventures SESSION 95 TRACK 11 Panel According to data provided by the Brazilian Census Institute (IBGE), there were more than 290,000 not-for-profit organizations in the country in the year of 2010, based on a workforce supported only by voluntary workers in more then 70% of them. This structure reflects a new paradigm to understand the relations between society and State, which goes beyond a representative model to another one, based on principles of participation and strong relationships between then. The five sessions of the panel intend to discuss this new relationship, bringing both a theoretical perspective as a practical one, presenting the policies proposed by the government to regulate the third sector, and bringing questions related to the governance and members’ participation in the not-for-profit organizations. Marcos Garrido, Knowledge21 Angela da Rocha, Pontifical Catholic University of Rio de Janeiro Barbara Levy, Pontifícia Universidade Católica do Rio de Janeiro This study aimed at describing and analyzing the process of new venture creation using social media and relationship marketing in its development. The empirical evidence is based on the creation and development of Casar é Fácil, a wedding planning service that started its activities in 2006. The company was born within social networks, initially from a Orkut community created by the entrepreneur, and then becoming a ceremonialist at weddings, using social media for marketing management and relationship marketing tools, such as the company’s blog, Facebook and Twitter. The entrepreneur also became a columnist for magazine and launched a book with tips on weddings. This case is intended for undergraduate courses and graduate in business administration and executive training programs, primarily related to marketing management, social media, and relationship marketing, dealing with the advantages and challenges related to the use of social media, with special emphasis in a startup’s initial steps. Low Price Shrimp: The Private Sector and the Trade Policy of a Country Maria Fernanda García, Sergio Arboleda University Mauricio Escobar, Sergio Arboleda University The case describes the decision to be taken in 2005 by the Department of Commerce of the United States regarding whether to maintain or not anti-dumping sanctions against six shrimp exporting countries (China, India, Ecuador, Vietnam, Brazil and Thailand) that had been imposed at the end of 2004. This demand was boosted by private companies in eight states in the southern United States that formed the Southern Shrimp Alliance-SSA and mend to defend its market, alleging to be detrimentally affected by shrimp imports from the six countries above. The case describes the global shrimp market, the market for shrimp in the United States and of the six defendants. It also describes how the antidumping trade policy in the U.S., was influenced by the private sector and particularly how the Byrd Amendment allowed private companies affected by imports to receive directly in their bank accounts monies collected from antidumping measures Maximizing Learning in the Classroom through Ontological Coaching Beatriz Zúñiga, Universidad del Pacífico Ecuador The educational reality raises the need for a profound reflection on the training of professionals who can respond effectively and efficiently to the demands of the modern world, immersed in an atmosphere of constant changes and transformations. It is here where it is demanded of teachers that can generate a significant learning and the creation of spaces where students can learn to think for themselves, to develop an active role in groups and find ingenious solutions to the challenges and problems. For this reason, this work aims to present a new approach to learning in the classroom through ontological coaching, to generate a process of comprehensive education, having as a result a successful link between the teacher and his students. The Experience of Carvajal S.A. Group (Colombia) on Corporate Governance and Social Accountability Edgar Varela Barrios, Universidad del Valle The study of power in organizations, especially global corporations, has been reinforced by new perspectives that connect the call corporate governance, with the issues of organizational responsibility agenda. This has affected the organizational power flows internally and relational, and has generated evidence of changes in the forms and technologies of governmentality exercise in complex organizations. This subject is discussed from an emblematic case study of multilatins enterprises, determining the peculiarities of Corporate Governance in Latin American political and organizational culture characterized by concentrated ownership, activity developed mainly in Latin American countries and appropriate conditions for unfamiliar professionalization. The final proposal defines two categories of Organizational Social Responsibility in the conflicting interests of managers with those of the dominant families. The Sinde-Wert Law Against Digital Piracy Esperanza Suarez, IESE Business School José Ramón Pin Arboledas, IESE Business School Lourdes Susaeta, IESE Business School Angela Gallifa Irujo, IESE Business School The case explains the process until the Sinde Law was approved (two years and a half till the regulation was developed). It is divided in two parts. Part A contains the background of this Law. It presents the occurrences starting in 2005 chronologically - at that point the socialist Minister of Culture created an interministerial committee to fight piracy - until May 2009. At that moment, the “Coalition” decided the way to proceed and chose between: pursuing the users or the source (web pages with illegal content). Part B starts with the decision the Government took during the summer of 2009: to pursue the “piracy supermarket”, and not the user. SESSION 91 GLOBAL IMMERSIONS FOR MBA EDUCATION: OPPORTUNITIES AND CHALLENGES TRACK 1 Panel Date Tuesday, Oct 22 Time 14:30 – 16:00 h RoomAngra Session Chair Panelists Alvaro Cyrino, FGV-EBAPE Rebecca Geffner, Temple University Talavera Jorge, ESAN University MB Sarkar, Temple University Business schools around the world are trying to re-invent the MBA to make it more relevant to a rapidly changing world. As the learning-doing-being model of MBA education (Datar, Garvin and Cullen 2010) gets traction, business schools are looking at new models of international experiences in order to challenge students’ assumptions, their values and attitudes, and give them exposure - through an experiential mode – to new business models and management practices that are being experimented with in markets very distinct from that in their home countries. This panel will seek to address this growing trend in global business education through the lens of different stakeholders – Deans, Faculty and Administrators – to share the thought leadership behind these immersions, best practices from idea generation to on-the-ground implementation and future opportunities for growth. The panel will bring together institutional perspectives from Brazil, Peru and the USA among others to highlight opportunities and challenges in global immersion models. SESSION 38 THE IMPACT OF LEADERSHIP TRACK 3 Paper Session Chair Date Time Room Tuesday, Oct 22 14:30 – 16:00 h Buzios B Liliane Furtado, FGV-EBAPE Decoding LMX Quality Black Box: The Role of Attributions in Leader-Member Relationship Development Liliane Furtado, FGV-EBAPE Leader-member exchange (LMX) theory posits that leaders develop special relationships with certain employees. By and large, prior studies have emphasized the importance of leader–member relationships for a host of important outcomes, including citizenship behaviors, career success and satisfaction. Yet there is a paucity of research examining how these LMX relationships develop over time. Using the framework outlined by Attribution Theory, this paper develops a theoretical model identifying the role of internal and external member attributions on changes in the relationship quality. Specifically we analyze the reactions that may arise from these causal attributions made by the members and we propose how these reactions and feelings impact the self-improvement and consequently the quality this paper discusses the role the LMX relationship status. empirically examines some of well. of the LMX relationship. In addition, of leader in assessing and changing Directions for future research that these propositions are discussed as Enjoy the Following Ride! Linking Personality Traits, Followership Style and Job Satisfaction Felipe Araujo, FGV Despite the importance of followers for the organizations, there is still much to understand about followership. This paper presents 10 propositions and an expanded model on followership. Personality traits are presented as an antecedent to followership style, with follower schema acting as a moderating variable. As the dependent variable we have job satisfaction, which is impacted by follower style, with the moderating presence of leadership type. Three styles of followers are presented (proactive, active and passive). The model also proposes which of the big five personality traits are related to each type of follower. Finally, transformational, transactional and laissez faire leadership will moderate the impact of follower style on job satisfaction. The next step is to empirically test the model and further advance the literature on followership. Impacts of Informal Networks in a Formal Leadership of a Brazilian Public Organization Rodrigo Almeida, FGV Leila Chagas Guimarães, FGV Natalia Batista, FGV This article try to find the main informal leaders perceptions due the impact that their respective social networks offer the formal leaders of a Brazilian public institution. To achieve the objective, this paper visit to the literature on formal organizations, informal networks and leadership. We developed this study as a quantitative, semi-structured interviews and the use of observation, aiming at mapping the informal networks looking for the identification of the impacts on the objects of study. The results show that networks with higher density have informal leaders with greater access to other networks and most importantly, shows that the main impacts of informal networks in the formal leader were the fear that the formal leader is in power loss and his conseguence replacement and the convenience of formal leadership to leave informal leader solve general problems. The Real Brazilian Leadership Style: Are Morality and Authoritarianism Still Part of It? Alessandra Lewit, FGV-EBAPE The relevance of this article is indeed related to the fact that paternalism may change over time. Based on Cheng et al.’s (2000) paternalist leadership model, the main purpose here is to analyze paternalistic leadership as a multidimensional construct (i.e., benevolence, authoritarianism, and morality). Culture context, will also be analyzed as an important boundary condition and then it turns to understand how this context interferes attenuating or strengthening its effects on paternalist dimensions. From the understanding of paternalistic Brazilian leadership antecedents and consequences the author proposes that the dimension “benevolence” has considerably more representativeness in Brazilian leadership style, when compared to other two paternalistic dimensions: authoritarianism and morality. Finally it will be possible to demystify the “Real Brazilian Leadership Style”. The Relationship between Leadership Styles and Quality of Universities: An Empirical Study from Chile EMILIO RODRIGUEZ-PONCE, TARAPACA UNIVERSITY Liliana Pedraja-Rejas, TARAPACA UNIVERSITY Carmen Araneda, Universidad de Tarapacá The study aims to describe the relationship between participative and collaborative leadership styles and quality of universities. To this end, a sample of 45 universities that participated in the institutional accreditation process conducted by the Comisión Nacional de Acreditación of Chile. The method of data collection was a questionnaire addressed to the president or a senior manager of each university. The information was processed through a multiple regression analysis. The results show that there is a relevant relationship between participative and collaborative leadership styles and quality of universities, because explained leadership styles by 42% the quality of universities (p <0.01). In conclusion, participative leadership and collaborative leadership inside management team are key to achieving optimal levels of quality in universities. SESSION 80 CORPORATE SOCIAL RESPONSIBILITY: A CRITICAL PERSPECTIVE TRACK 4 Paper Session Chair Date Time Room Tuesday, Oct 22 14:30 – 16:00 h Buzios A Yuna Fontoura, FGV-EBAPE Biosafety Discourse Formation and Management for Ethics and Sustainability: The Transition from “Natural” to “Capital” Yuna Fontoura, FGV-EBAPE Ana Guedes, PPGA/UNIGRANRIO From a historical perspective based on Foucault’s Archeology and with the object of study situated in a critical approach of Management for Ethics and Sustainability theory, we delve into identifying and understanding how the discourse of biosafety is shaped, which actors and additional discursive resources are involved based on the relationship it establishes between language, power and knowledge. Together, different discourses, in a heterogenic and multifaceted network, established conditions for the emergence of a global discourse on biosafety, coming to function as a discourse of “truth”. We also reinforce that biosafety is directly related to the current critical ways that capitalism works and its contradictions, especially regarding the transformation of a “natural” good, the seed, into a marketable “product”. Management Challenges in Latin America, from Critical View Francisco Ganga Contreras, Universidad de Los Lagos Now days, organizations live in a highly convoluted and complicated scenario, that forces us to dynamically rethink the great challenges facing management in Latin America. In this sense, the main purpose of this academic work is to provide background information and data that enlightens the real challenges that American managers face, in trying to have genuinely developed organizations. To achieve the proposed academic objectives, we used secondary sources of information, mainly documents and statistics from international organizations. Considering what it has previously been stated, management challenges are addressed -from a transformative and critical perspective- related with political and social variables, expressed in areas such as income inequality, gender inequality and syndicalism. Moral Sense or Utilitarian Reason? A Study on Philanthropic Motivation Bruno Mendes, FGV Debora Tayt-Son, FGV-EBAPE Mariana Brandão, FGV Volunteering is generally considered an altruistic activity. It depends on one’s intention to give away his time and effort towards a greater good. In fact, volunteers are responsible for a considerable share of social development and well-fare state. Still, philanthropic organizations believe that more could be done if more people were willing to volunteer. Given that, our research objective is to explore the very motivational nature of volunteering. In addition, we sought to understand the moral sense that guides this activity. This research was developed under the grounded theory procedures, achieving a theoretical saturation with the analysis of 30 interviews. Our finds have shown that instead of an end, volunteering regards means of achieving personal goals. More of the Same? Again the Unknown Frontiers of the Role of Business in Sustainable Development of Territories Raquel Wildhagen, Pontifícia Universidade Católica de Minas Gerais Armindo Teodósio, Pontifical Catholic University of Minas Gerais Yasmine Mansur, Pontifícia Universidade Católica de Minas Gerais This paper has as main objective to discuss corporate responsibility in the sustainable development of the territories. For concepts that will be addressed as the New Economic Sociology discussion guiding sustainable development, pointing institutionalization processes of the sustainability issue. Are some discussions about Corporate Social Responsibility, criticizing the approach of the model steakholders very present in the classic studies on sustainable development. Presence of the Subject “Corporate Social Responsibility” in the Marketing, Management, and Industrial Engineering Curricula in Colombia Eliasib Naher Rivera Aya, Jorge Tadeo Lozano University This document presents the results of a study to identify the percentage by which the subject labeled “Corporate Social Responsibility”is present at the curriculum in undergraduate programs in Marketing, Business Administration and Industrial Engineering offered in Colombia.It was found that only 13% of the Marketing curriculum, 19% of the Business Administration curriculum, and the 9% of the Industrial Engineering curriculum include some compulsory subject in “Corporate Social Responsibility”. By expanding the range and also include in the observation subjects that relate directly to CSR, such as Environmental Management and Sustainable Development, the percentage increases to 26% for marketing, 45% for administration and 67% for Industrial Engineering. SESSION 23 FINANCING ENTREPRENEURSHIP TRACK 5 Paper Session Chair Date Time Room Tuesday, Oct 22 14:30 – 16:00 h Sala de Apoio 3B Soledad Etchebarne, University of Chile Business Incubation to International Markets: Case Study Soledad Etchebarne, University of Chile Valeska Geldres, La Frontera University José Ernesto Amorós, Develop University Sebastian Gutierrez, Universidad de Santiago de Chile The study aims to analyze the factors that influence the process of internationalization and the role of business incubators in this process by using the case study research. In depth information on ten cases has been collected through semi-structured interviews accompanied by a questionnaire to collect quantitative data. The results show that the companies have been boosted by internal and external factors similar to those identified in the literature on international entrepreneurship and resources and capabilities. Furthermore, the incubators´ role has been focused on providing access to funding and international networks, but there is no evidence supporting the internationalization process. Crowdfunding Development in Latin America Amynthas Gallo, FGV This conceptual paper is willing to identify some research hypotheses necessary for the deepening of research on collective or collaborative funding using digital platforms called crowdfunding. Few studies have been published with respect to these issues. By observing the common features of 70 companies dedicated to this activity in Brazil and in some economies in Latin America, It is Intending to build a theoretical model about the viability of this business. The focus of this study is to answer the following question: what are the main factors that influence the success of a fundraising via a digital platform for crowdfunding applied to Brazil and Latin American countries? It was revealed a number of assessment opportunities and challenges for futures studies. Determinants of Venture Capital Commitments in Latin America Samuel Mongrut, ITESM This study aims to identify what factors affect the committed amount of money established by venture capitalists in the region as reported by the Latin American Venture Capital Association (LAVCA). Using the data set of the total amount of venture capital commitments for six Latin American countries during the period 1997-2010 we found that the higher the market capitalization of initial public offerings, the lower the country risk, the lower the degree of ownership concentration, and the higher the degree of institutional strength increase the committed amount of venture capital investment in the region. These results were obtained using an unbalanced panel data model controlling for the net flows of foreign direct investments, the percentage of tax pressure, the average entrepreneurial experience within a country and the total number of patents applied to residents and non-residents within a country. Informal Venture Capital Funding New Entrepreneurial Activities: A Call to the Academic Forum in Latin America Izaias Martins, EAFIT University Entrepreneurship contributes to economic growth by generating wealth, social development, introducing innovation, enhancing rivalry and creating competition. However, despite the relevance of entrepreneurial activity, early-stage ventures often face difficulties in financing their projects. Business angels have been highlighted as important partners for potential high-growth firms. They cover a financing gap due to market imperfections and offer their business expertise. This paper has examined several studies on informal investors around the world and has detected an absence of academic evidences in Latin American countries. Facing the lack of deep analyses referenced in academic journals, scholars are challenged to discuss this phenomenon. Thus, the present study seeks to invite the academic community in Latin America by suggesting important issues, useful theoretical approaches and effective methodologies in this research topic. SESSION 78 STRATEGY FORMULATION AND IMPLEMENTATION TRACK 9 Paper Session Chair Date Time Room Tuesday, Oct 22 14:30 – 16:00 h Petrópolis A Daniel Ballesteros, Monterrey Institute of Technology Examining the Impact of Management Control Systems Use on the Development of Firm Capabilities Daniel Ballesteros, Monterrey Institute of Technology Joan-Lluis Capelleras, Autonomous University of Barcelona yancy Vaillant, ESC Rennes School of Business Organizations under great pressure to deliver value, believe that Management Control Systems (MCS) can help them in this task. MCS research has been done regarding design criteria, purposes, types and factors that influence the adoption or use, but less is known about MCS impact in the organizational capabilities that trigger performance. The research question is what is the impact of MCS use in generating capabilities of Entrepreneurial Orientation and Learning orientation in firms. The hypothesized relationship was supported by evidence from a study of 644 firms in Mexico. The main findings show that the type of MCS use is related to the capabilities of EO & LO, independently on its size or industry and somehow against the theory all relationships are positive. Resource-based-theory (RBT) (Barney, Ketchen, & Wright, 2011) and management control literature (Simons, 1995; Vandenbosch, 1999) are the context to explain the MCS role and relationship to capabilities. Integration between Strategic Planning and Management Control Systems in Public Sector Flavio Souza, FGV-EBAPE Thiago Parreira, Getúlio Vargas Foundation Carolina Fontenelle, UNESA - Universidade Estácio de Sá In order to address demands of a growing and increasingly complex society public organizations need to use tools that allow their institution being driven to certain directions, seeking the improvement of public services and waste reduction. In this scenario the strategic planning proves being essential. Formulation is not enough but must be effectively implemented, thus permeating the other processes of the organization. Hence, this essay intends to promote discussion on the implementation of strategic planning in the public sector, addressing its relationship with management control systems, and in particular with budgetary system which is vital to this sector. Furthermore, the report aims to identify how the actions that should have beenconditioned by strategic planning are linked to it, also promoting a debate about the benefits of this integration as well as the obstacles that can make it impracticable. Private Hospitals’ Production Costs. Development a Determination Methodology Sandra Canale, Universidad Nacional del Litoral Argentina Hector De Ponti, Litoral University Mariano Monteferrario, Universidad Nacional del Litoral Argentina The identification and analysis of costs in institutions sanatorium is a complex activity that requires analysis about definition of the product and processes developed. When inquiries should be addressed to intermediate entities that gather different organizations in terms of size, operational modalities and the work is more complex, since it must resolve the issue of diversity. This work conveys the experience of a cost study developed by professors from the Universidad Nacional del Litoral in collaboration with the Association of Santa Fe hospitals. Previously the team had to resolve issues relating to the products defray the cost allocation method used and the size of the structure to be analyzed in terms of the allocation of production factors. This presentation relates to addressing these issues. As a result of the work presents the methodology developed modeling as well as to arrive for a predefined type of the entities of the Association. Successful Business Models’s Exploration in the Apparel and Leather Sector in Colombia through of Model RCOV Pilar Sepúlveda, INALDE Business School - Sabana University The research aims to explore three business models through Model RCOV in order to study its coherence, dynamics and evolution. The methodological approach of this research is qualitative, exploratory, under the method of content analysis of interviews and secondary source documents. The exploration of the different categories of analysis, it concluded that founder´s vision, and experimentation processes are key elements for coherence and business models´s sustainable development. The sustainability of these companies is the result of its ability to foresee the consequences of a voluntary or emergent change on any element of the model. SESSION 13 CONTEXT AND INSTITUTIONS TRACK 10 Paper Session Chair Date Time Room Tuesday, Oct 22 14:30 – 16:00 h Cabo Frio D Fernando Parrado, Sergio Arboleda University Culture Differences Between U.S. Americans and Latin Americans: The Impact in Negotiation Fernando Parrado, Sergio Arboleda University The paper compares Latin American (Colombia, Peru, Ecuador, and Venezuela – CPEV) cultural values to North American (U.S.A) values based in Hofstede’s National Dimensions. I suggest possible cultural values differences that challenge negotiations between US Americans and Latin Americans in Colombia, Peru, Ecuador, and Venezuela. Hofstede defines six cultural dimensions, each one related to an index: individuals/collective (IDV), equality/ hierarchy (PDI), uncertainty/avoidance (UAI) tough/tender (MAS), time perception (LTO), and Indulgence (IVR). I support the findings with 5 years research, interviews to foreign, intercultural training, statistics, and the experience of living 10 years in the USA and 35 in Colombia. Finally, in conclusion, I suggest practical cultural strategies that would make Latin-American companies more successful in international negotiations with US American companies and possible areas of intercultural negotiation research. Emerging Markets Multinationals: The Presence of the State and State Owned Enterprises Sergio Wanderley, FGV-EBAPE In this article we argue that we should go beyond the dominant idea that the extension of traditional theorizing is enough for a proper explanation of the internationalization of EMNC. The author of this article argues that we should take a decolonial turn instead and embrace theories and knowledge that relate more specifically to Latin America in order to provide a better understanding of the internationalization of MNC not only from the North, but also from the South. Accordingly, we consider that history, geography and politics should be brought back into the theoretical debate from a specific locus of theorizing. We aruge that a major issue involving the role of government and state companies, which are more obviously important in the South, but no less important the North, remains largely overlooked or misrepresented. in Increasing the Use of Multiple Contexts in International Business Research: The Case of Idiom Usage in Cross-Cultural Settings Anamari Irizarry, University of Puerto Rico Rio Piedras Campus Linda Clarke, University of Florida Daniel Bonilla, University of Florida Scholars focus on different aspects of “context” in order to better understand the variability underlying a particular phenomenon because of distinct cultural or institutional settings in which the phenomenon takes place. Although scholars often describe the “context” in which their research takes place, it remains undemonstrated whether they capture the “polycontextuality,” or multiple embedded contexts inherent in cultural phenomena. While the use of multiple, “polycontextual” variables has increased over time, most IB studies have yet to take into account the multiply embedded layers of context; including the macro-environment, cultural, or temporal-spatial considerations. One pervasive cultural layer, given little attention, is the use idiomatic expressions. This paper examines the case of the degree of local adaptation of Puerto Rican employees to the corporate culture of the multinational companies in which they work. Specifically, this will be measured by the degree of familiarity of business idiomatic expressions of the Puerto Rican employees. The Globalization in the Growth and Development of Countries Johanna Milena Mogrovejo Andrade, Universidad Francisco de Paula Santander Globalization becomes the backbone of economic integration with links that have endured over the years. This situation constitutes a determining factor in the economic and social environment, high levels under-employment, the price differential, of stimulus profitability generated by this activity. The proposed investigation of descriptive and documentary structure, because its purpose is to identify and analyze the current situation living some countries of Latin America and the impact generated in the of the same. Answer us questions what makes a country prosperous and have all the conditions to ensure their citizens a better standard of living? Are the institutions that affect developing countries? Does globalization has contributed to economic growth in developing countries? These questions will be raised in order to answer whether institutions and training are causes of inequality and underdevelopment that generates growth. SESSION 87 POLITICS, CONFLICTS AND SOCIAL MANAGEMENT 2 TRACK 11 Paper Session Chair Date Time Room Tuesday, Oct 22 14:30 – 16:00 h Petrópolis C Mario Divo Motter Junior, FGV-EBAPELilliam G. RodriguezUniversidad del Turabo Education and the Economy - Is Synergy Possible in Brazil? Mario Divo Motter Junior, FGV-EBAPE The wish to develop the economy in a sustainable way is a challenge that faces every public leadership, whether at the local, state or federal level. Moreover, everything becomes more complex with the requirement that the economic development occurs in harmony with the human development, a debate always present in our lives. The main objective for the development should be to create an enabling environment for people to have a long, healthy and creative everyday life. In Brazil, Education and Economics concepts are seen as in potential harmony or are whenever apart? Perhaps, the most important moment for a president of a country to present the way he(she) intends to treat the question is at the first official speech before the fellow citizens. This lexical and content analysis wanted to show how Brazilian presidents, elected since 1990, positioned themselves about Education. The result is, at least, intriguing. Healthcare Expenditures, Diminishing Returns, and Life Expectancy in Latin American and Caribbean Countries Lilliam G. Rodriguez, Universidad del Turabo Cesar Sobrino, School of Business and EntrepreneurshipUniversidad del Turabo The goal of this investigation is to study if the healthcare systems of 34 Latin American and Caribbean countries experience diminishing returns. Methods: We estimated an aggregate healthcare production function in high and low frequencies, using a CobbDouglas function through panel data setting to measure the impact of public healthcare expenditure on life expectancy at birth. Results: The main outcome is that life expectancy at birth is not sensitive to changes of public healthcare expenditure, neither in the short run or in the long run. Likewise, idiosyncratic characteristics make the life expectancy at birth different among Latin American and Caribbean countries. Conclusion: This investigation found that the public healthcare expenditure has diminishing returns in Latin American and Caribbean countries, indicating that these countries need to pay more attention in the way they manage the public healthcare expenditure in order to achieve an efficient healthcare system. New Approaches on Governance: Discovering the Structural Form of American Countries Daniel Chada, Getulio Vargas Foundation Michelle Holperin, FGV Bernardo Fajardo, FGV Governance structure is widely recognized by practitioners and social researchers as a determinant aspect of the decision making process. Despite the increasing importance of the concept, an adequate measure of good governance still remains elusive and conclusive evidence remains lacking. Utilizing data of the Worldwide Governance Indicators project, the Kemp and Tenembaum (KT) algorithm, a hierarchical Bayesian cognitive method, was applied over the 2000 and 2010 datasets. Although widely used, one of the main criticisms regarding these indicators is the difficulty posed to separately examine the different dimensions proposed. Hence, the present study analyzes the governance structure of Latin and North American countries through the lens of Bayesian statistical methods. Our results indicate that Bayesian models can be applied with promising results in business research, allowing different perspectives and new intuitions on the American political and institutional environment. Reflections on the Role of the CNJ in Relation to the Executive and Legislative Leonel Oliveira, FGV-EBAPE National Council of Justice (CNJ) was created by Constitutional Amendment 45/2004 in order to be an organ of administrative and financial control of the Brazilian Judiciary. But it is evident a political role for the organ that interferes in the relationship with the Executive and Legislative branches. Attempt to reflect on the recent movements of the CNJ to combat the nepotism, the restrictions imposed for the assignment of the other Powers’ servers working in the Judiciary and the corruption. This is an exploratory study that investigates the referrals of Targets 18 and 19 of the Brazilian Judiciary for 2013. The preliminary monitoring demonstrates the efforts of courts to adjudicate all cases of the administrative misconduct and the crimes against the public administration. Concludes with the proposals for future research and the appointment of preliminary inferences were identified as the impact of the CNJ’s interference, aiming at the achievement of targets. Rethinkin The Theory Of Brazilian Electoral System: The Case Of São Paulo District Vote Celso Florencio de Souza, FGV-EBAPE This paper aims to show that contradict what some authors argue – such as Barry Ames –, in the last elections to the Chamber of Deputies, the mostly victorious parliamentarians had their votes scattered and not concentrated in the São Paulo state. Thus, we can concluded that the deputies work to some specifics cities to seek theirs re-election, but they do this to strengthen the relationships with local political networking and not to create an instrument to show to this population that they brought some measurable benefits to them. Therefore, the candidate tends to intensify their campaign in places where they have greater political support, not necessarily in cities closer to their local “voting fodder”. SESSION 85 TOWARDS A SUSTAINABLE MORALITY: TEACHING ETHICS ON MANAGEMENT EDUCATION TRACK 12 Panel Date Time Room Tuesday, Oct 22 14:30 – 16:00 h Petrópolis B Session Chair Wanda Galluzzi Nunes, Court of Account - Rio de Janeiro Panelists Rachel Nigro, Catholic University of Rio de Janeiro Vanice Valle, Estácio de Sá University Beatriz Villardi, Federal Rural University of Rio de Janeiro The complexity of contemporary life poses new challenges to corporations and governments, requiring the overcoming of traditional ethics. In the business world, broad concerns such as the threat of financial crisis, the environmental impact of production or the overexposure of companies as a result of consumers’ mobilization through social networks, force organizations to (re) build public trust. Governments, in turn, are demanded to expand public policies at the same time that they are asked to adopt cost reduction measures, while citizens are calling for greater accountability from politicians and civil servants. Taking into account these information, this panel suggests that strengthening ethical education on the teaching of Administration can contribute to the implementation of more efficient and fair models of management, since it prepares executives to face the moral dilemmas they will find throughout their careers. However, to achieve this goal, an innovative approach is necessary, far beyond the narrow boundaries of the traditional study of codes of ethics. Thus, with such a critic, autonomous and coherent perception of the administrative phenomenon, the students will be better prepared to be creative agents on the decision-making process, improving their professional performance and the social impact of their work. SESSION 9 INVESTMENTS & CAPITAL MARKETS TRACK 2 Date Tuesday, Oct 22 Paper Session Chair Time Room 16:30 – 18:00 h Sala de Apoio 3A José Albuja, Army Polytechnic School Behavior of Capital Market in Ecuador during the Period 2006-2012 José Albuja, Army Polytechnic School The traditional finance considers that the participants of the capital market should consider all available information to thus opt for a particular decision-making on investment or disinvestment. This information and decision can generate an increase or decrease in the stock price. But if all investors to access all available information, the stock price would be totally predictable and there would be no place for extraordinary returns, also reflecting homogeneity in the decisions. To have knowledge about the capital market of Ecuador, a survey was conducted to determine the behavior of the intrinsic value of the share. The research showed that the available information on which investors make decisions is not always related to stock returns data, but the aspects of the external environment of the issuing company. Does BNDES Create Economic Profit? Ricardo Rochman, FGV Gina Montone, Fundação Getulio Vargas The goal of this paper was to determine whether the BNDES, in the period between 2000 and 2011 generated economic profit for its main shareholder, the Federal Government. We analyzed financial statements and notes published in this period to obtain data for the calculation of Economic Value Added. This methodology deducts the cost of all capital employed in the company’s from the operating profit after taxes. The use of certain assumptions and developing some scenarios were required to estimate the cost of equity shareholder. Some adjustments, such as the inclusion of dividends and interest on capital paid to shareholders by BNDES were performed for the calculation of EVA, and other accounting adjustments needed to estimate the cost of equity shareholder. At the end of the study, we observed that in all scenarios used to generate economic profit for used in all scenarios the economic profit was negative. Does Past Hyperinflation Experience Have an Impact on Individual’s Investment Behavior? Manuela Dantas, FGV Jose Fajardo, Getulio Vargas Foundation In this paper we study to which extent extreme macroeconomic instability have a long-lasting effect in Brazilian’s investing behavior. Using data from a survey made based on the one used by Hong et al. (2009), we find evidence that individuals that have memories from past hyperinflation event decrease in 32% their probability of participating in the stock market. The results show that although inflation in Brazil has been contained for almost 20 years, memories of high inflation do not fade as was thought it would. Expected Shortfall: A Likely Change of Tack Víctor Álvarez, Saint Andrews University Adrian Rossignolo, University of San Andres Consequence of 2007/8 financial crisis has been capital shortages in many banks. Basel Committee promptly unveiled Basel III Capital Accord which strengthened the VaR-based Minimum Capital Requirements (MCR) included in Basel II through the stressedVaR. Although the move reinforced financial health, in 2012 reckoned several glitches derived from flaws of VaR and proposed the Expected Shortfall (ES) as replacement. This paper analyses introduction of ES in MCR formulation and assesses the outcome of some specifications in the context of adverse movements in non developed markets. Evidence suggests that, though MCR increase substantially after the application of ES, only EVT-leptokurtic models would provide adequate protection against turmoil. Accuracy of models should be contemplated, either decreasing fixed multiples or lowering confidence levels to reflect their superior quality in ES estimation. Adoption of these measures would contribute to enhance stability of the financial system and foster incentives to develop precise risk management techniques. SESSION 65 CORPORATE SOCIAL RESPONSABILITY TRACK 4 Paper Session Chair Date Time Room Tuesday, Oct 22 16:30 – 18:00 h Buzios A Lourdes Susaeta, IESE Business School Corporate Social Responsibility and Employee Commitment: An Exploratory Study for the IberoAmerican Hospitality Industry Lourdes Susaeta, IESE Business School Esperanza Suarez, IESE Business School José Ramón Pin Arboledas, IESE Business School Angela Gallifa Irujo, IESE Business School The aim of the present paper, therefore, is to discuss, from a HR and CSR viewpoint, the connection between a company’s CSR practices and its ability to attract, retain and engage employees, and, ultimately, to influence work and business outcomes in the IberoAmerican Hospitality industry. We explore the “Social bottom line” of CSR and the employee engagement effect based on the core competences of the firm and key employee competences. This paper seeks to offer an outline for a conceptual approach relating three concepts, Engagement-Corporate Social Responsibility and Human Resources, in the specific context of the Hospitality Sector, using empirical interviews performed among HR and CSR managers. On the Greening of a Colombian University and Its Commitment to Education for Sustainability Maria Alejandra Pineda Escobar, Politecnico Grancolombiano Politecnico Grancolombiano is a Colombian institution of higher education with over 30 years of existence and more than 16,000 students. The article presents Politecnico Grancolombiano’s experience in its path toward becoming a sustainable university. It details the campus restoration for recovering its surrounding ecosystem, migrating from a deteriorated eucalyptus monoculture to the planting of 60 native species from more than 40 botanical families. It also describes the adoption of an environmental management system, according to ISO 14001, set in four main programs. To date the results are promising. The campus recovery process prognoses a successful example of restoration of the eastern hills of Bogota. Progresses in water and energy savings are equally remarkable, as are improvements in waste management, particularly hazardous waste. All university programs have crosscutting environmental education. A key component has been the support from the university community, particularly from the Chancellor and other institutional heads. Questioning the Corporate Responsibility Department Alignment with the Business Model of Top Brazilian Companies Tanguy Jacopin, ESIC This contribution will question the CR department alignment with the business model of the top Brazilian companies to provide some insights concerning : 1- Until what extent have the Brazilian public companies appearing more recently in the Forbes 2000 ranking a superior alignment between their CSR Department and their business model than the Brazilian companies represented in the ranking in 2005? Is it possible to determine if this superior alignment comes from a higher focus on process or on the vision of the company? 2- Until what extent have Brazilian companies present in 2005 and represented in the Forbes 2000 index in 2013 improved their alignment between the CR Dpt. and the business model? Is it possible to determine the importance of the alignment of the CR Dpt with the organization at this stage in terms of bottom line performance? The Place of Ethics in Management Practice of Young Businessmen Eduardo Basso Junior, Universidade Luterana do Brasil Aida Lovison, Universidade Federal Do Rio Grande Do Sul At the present time the function of the entrepreneur acquires increasing social content (GUERREIRO RAMOS, 1983) and young entrepreneurs is not given a different context. But for it to qualify your practice, here understood as an ethical action, which has requirements of substantive rationality, it is necessary to understand the meaning of ethics as “the possibility of foundation of the future” (SOUZA, 2004). This study has focused on investigating the practical experience of young entrepreneurs, aiming to elucidate the ethical conception underlying the corporate practice of these associated to the Association of Young Entrepreneurs of Porto Alegre. The business practice was the context of delimitation of the research and the method of investigation used was phenomenology. Ethics is presented as a business practice’s element of young entrepreneurs, mainly based on their values as they acquire throughout their lifes or in their families. SESSION 63 ENTREPRENEURSHIP AND SMES: ENTREPRENEURIAL AND MANAGERIAL TRAINING FOR SMES AND FAMILY BUSINESS: CASES AND EXPERIENCES. TRACK 5 Panel Date Tuesday, Oct 22 Time 16:30 – 18:00 h RoomAngra Session Chair Antonio Freitas, Fundação Getulio Vargas Panelists Vladimir Nanut, MIB School of Management Barbara Santoro, Italian Association for Management Development Elio Vera, Centre for Executive Studies in Management and Administration THE PREMISE: The self-made entrepreneur and the family-owned business represents more than 90 % of the Italian entrepreneurial system and economy. SME’s are, in percentage, twice the European average and represent 643% of the top 100 large, established Italian brands. Italian entrepreneurial style and organizational structure is characterized by traits which are universally recognized as distinctly Italian: creativity, tradition-based craftsmanship, innovation, technology, sense of community, respect for the environment, business networks and cooperation. However, the critical aspects of this business model, that hinder growth and threaten the survival of most SME ‘s, are 1) the delicate problem of intergenerational transition (only 15% survive the second generational shift); 2) the difficulty of being both the maker and the business developer (the entrepreneur and founder is normally the artisan); 3) the reluctance to explore new markets; 4) the need to create strategic business alliances and attract investors; THE OBJECTIVE: This ASFOR panel will: examine the role of Management Education and Training Methodologies and practices in SME start-ups, generational transition and dimensional expansion; benchmark and collate international best practices and management training models and methodologies. SESSION 51 MANAGING INNOVATION IN LATIN AMERICA TRACK 7 Paper Session Chair Date Time Room Tuesday, Oct 22 16:30 – 18:00 h Petrópolis B Rubén Darío Echeverry Romero, Universidad del Valle Background Colombian Economic Policy for Export Development and Innovation Rubén Darío Echeverry Romero, Universidad del Valle Tulio Silva Tulio SIlva, Universidad del Valle Diana Lorena Pineda Ospina, Universidad del Valle Under the development of innovation, economic integration and globalization of economies, economic policy approaches, in the country, becomes a key element to accelerate the process of economic growth and development. Currently, Colombia is known for being a country with significant advances in the design of policies to stimulate innovation and scientific activities seeking to improve their international competitiveness. It is precisely in this area where it is necessary to analyze the background of these policies to identify the main guidelines that have allowed, and enable the productive transformation of the country. Therefore, this paper aims to analyze the history of Colombian economic policy for export development and innovation within the production structure, with special emphasis on traditional industries such as the food sector. Decisive Factors of Innovative Results for the Colombian Manufacturing Sector: Moderate Effect of R&D Investment Carlos Hernán González Campo, Universidad del Valle Andrea Hurtado Ayala, Universidad del Valle Monica Garcia Solarte, Valley University Endogenous Development Theory, states that among the key factors to apply knowledge and transform it into innovations, are R & D invest, human capital, technology, among others. Considering these aspects, the authors use the Survey of Development and Technological Innovation held in Colombia (EDIT V) for the manufacturing sector over the period 2009-2010, conducted on a sample of 9,396 firms in the industry, and made a model hierarchical regression to compare the influence of these variables on the innovative performance of the manufacturing sector, and the moderating effect of investment in R & D. The results show that investment in human capital and R & D, have a direct and positive influence on innovation in manufacturing firms, and investment in R & D activities leverages the generation of technology and human capital increase innovation in the sector. Evolution of the Technological Innovation in Mobile Phone Sector in Colombia: A Case Study Federico Manuel Zevallos Peña, Jorge Tadeo Lozano University Maria del Pilar Corredor Garcia, Jorge Tadeo Lozano University We describe the evolution of the actors and interrelationships of the mobile sector, TO understand the role of technological innovation in the mobile phone industry and in particular, in the field of Mobile Telephony operators (TMC). Although in the graphs presented not displayed the relationship between technological innovations (and timing) and performance measures TMC operators, it is clear that technological innovations in devices and networks energize the TMC operators sector, because the TMC sector operators may include more utilities in their service packages for new roles and potential developed in the devices. In turn, the constant technological innovation leads to shorter life cycles for the devices, which accelerates both the replacement market as service packs. Management of Innovation in Women-Owned Businesses in Bogota - Colombia Maria Ortiz, Universidad Militar Nueva Granada Beatriz Herrera, ASCOLFA Edison Fredy Laon Paime, Universidad Militar Nueva Granada In this paper we analyze the capabilities and conditions for innovation of 17 female-owned businesses in the city of Bogotá – Colombia. On one hand, we identify internal strengths of the company and the characteristics of the entrepreneur and on the other hand are evident aspects of the environment that have enabled the development of innovations in these companies. For this we conducted 17 semi-structured interviews were systematized and analyzed with Nvivo software. The results show that most companies make product innovation. Internal capabilities more important to facilitate innovation are strategic planning and talent management. On the external conditions, it is evident that public and private entities make various efforts that are not integrated with each other and obey clearly identified policies The Networked Blog Managed in the Resource Dependence View Isadora V. Castro, University of Brasilia Carlos D. Santos, University of Brasilia Blogs have gained prominence as key actors in the dialogue between producer and consumer market, being increasingly sought after by companies to form strategic alliances. Therefore, they are embedded in networks of relationships and interdependence of resources with other blogs, readers and companies. This network, molded as a structure that favors pages that exists for a longer time, makes the blogger to manage not only the resources on which his blog depends to survive in a competitive environment, but also the challenge of overcoming the initial vulnerabilities imposed by this network. However, do bloggers have the same managerial behavior in the pursuit of survival and success? Therefore, we developed a theoretical model that allowed verifying an evolution of behavior according to the level of resource dependence, which may contribute to blogs that wants to achieve success quickly and legitimately and to companies that wants to establish alliances with blogs. SESSION 22 MARKETING AND SERVICES TRACK 8 Paper Session Chair Date Time Room Lara Vaccari, PUC - Rio Tuesday, Oct 22 16:30 – 18:00 h Petrópolis A A Comparative Analysis of Theoretical Models for Attitude and Pro-Environmental Consumer Behavior Lara Vaccari, PUC - Rio Marcos Cohen, Pontifical Catholic University of Rio de Janeiro - PUC-Rio This article aims to describe some of the most influential theoretical models used in the literature and contribute to better understanding of the gap between attitude and behavior of consumers, especially with regard to environmental issues. Attitude-behavior models are presented, followed by a table summarizing the strengths and weaknesses of each model and a grouping of models in different categories. The study results open light to a greater understanding of how environmental awareness could help more effectively educators and marketers to pursue a pro-environmental behavior at all levels of society. Keywords: attitude, pro-environmental behavior, consumer. Customer Perception of Service Quality in Social Enterprises: The Case of Credit Unions in P.R Evelyn Lopez, Universidad del Turabo Maribel Ortiz, Turabo University Virgin Dones, Turabo University This study measures the relationship between customer’s perception of service quality using the following models: SERVQUAL, SERVLOYAL and Benefits Integration, in order to measure the impact of customer’s perception of service value and the benefits received in their level of satisfaction and how this satisfaction impacts loyalty behavior. The sampling frame was 168 customers of Credit Unions of Puerto Rico. We used multiple regression analysis to analyze the relationship between variables. The results indicate the most valuable dimensions of service and determine the perception of service quality behind the use of SERVQUAL, SERVLOYAL and Benefits Integration model variables which determine the level of satisfaction and loyalty. This study makes a contribution to theory and management, and will be useful for future research and managers of service enterprises. Exploratory Study about Special Interest Tourism and Principal Chilean Consumer Motivation Cristobal Fernandez, technical university federico santa maria Paulina Santander Astorga, Federico Santa Maria University Jorge Cea Valencia, Universidad Técnica Federico Santa María Present study aims to identify the main motivations of people deciding their holiday destination under the special interest tourism in the central coast of Chile. The methodology for obtaining qualitative results was exploratory phase through interviews and a second phase where we obtained conclusive quantitative key findings and recommendations of this study. The results point to generate a family-oriented offering, further development of activities and sightseeing and increasing existing cultural offer. Influence in the Characteristics in the Consumer Unit in Retail Loyalty Francisca Sanchez, School of Economics - National University of Litoral Marcela Martin, Universidad Nacional del Litoral Maria Raigada, Universidad Nacional del Litoral The current work includes the study of the influence in the sociodemographic characteristics of the consumer unit in loyalty. The investigation is developed in the context of commercial retail distribution of consumer products in Santa Fe, offering results that may help enterprises to improve their services and adapt their commercial strategies depending on every client profile and in order to ameliorate loyalty levels. The main conclusions are contrasted with the results of different studies by international writers. The Effects of Interactive Technologies on Online Apparel Shopping Jorge Ferreira, Pontifical Catholic University of Rio de Janeiro Cristiane Giovannini, Pontifical Catholic University of Rio de Janeiro Angilberto Freitas, Unigranrio Renata Kurtz, Pontifical Catholic University of Rio de Janeiro Fernanda Pina, Pontifical Catholic University of Rio de Janeiro This work investigates the impact of interactive technologies on consumer perception regarding online apparel shopping. In order to achieve this goal an online survey involving internet users who had bought online at least once was conducted and the data analyzed by structural equation modeling. The results indicate relevant positive effects of the interactive technology on consumer enjoyment and shopping involvement, and negative effects of enjoyment and involvement on the desire to stay at the online store. Theoretical and practical implications point to high interactivity as a stimulant for online navigation and shopping. SESSION 77 BUSINESS STRATEGY IN TURBULENT ENVIRONMENTS TRACK 9 Paper Session Chair Date Time Room Tuesday, Oct 22 16:30 – 18:00 h Cabo Frio D Brigitte Natalia Calvachi Prieto, Universidad del Rosario Business Model to Achieve Organizational Sustainability David Villacis, Externado University of Colombia The high uncertainty environments where companies have to develop their activities constitute a challenge for organizational sustainability, requiring organizations to have a notable adaptation capacity. The Grounded Theory methodology was adopted, supported by deep interviews, surveys and the Atlas/ ti software. A proposed model emerged from the research work, configuring an adaptation capacity to volatile scenarios in order to achieve organizational sustainability grounded in Prospective planning, Adaptive systems and Structural integration. Prospective planning through scenario analysis offers the decision makers a broader future vision for their decision selection. The adaptive system and its capacity to follow the scenario movements allow a company to maintain a better maneuvering position. The inside and outside company structural integration keeps it connected with every external change and enables its internal adjustment. An organizational sustainability emerged from the model. Strategic Resilience and Turbulence Environment Hugo Rivera, Rosario University Brigitte Natalia Calvachi Prieto, Universidad del Rosario In recent years a turbulent landscape has characterized the business, forcing companies to make quick decisions that allow them temporary competitive advantages. The Academy has developed management alternatives that will allow companies face the turmoil. One of these proposals comes from the concept of organizational resilience, dynamic capacity generated by companies in order to structure an organization with greater elasticity and resistance ability to adapt to changing global needs Strategies for Health Supplements: A Case Study of Provider Unimed Fesp Mauri Pimentel, FGV-EBAPE Alvaro Cyrino, FGV-EBAPE The supplemental health segment in Brazil presents, nowadays, substantial importance on the national scene, not only for its breadth and coverage, but also for its economic relevance. In this scenario, the segment of medical cooperatives Unimed excels itself, serving about 8% of the population and holding over 33% of the sector market share. Since the advent of the sector’s regulation in Brazil, the supplemental health segment has been subjected to a rigorous process of economical restructuring, that is the reducing, year after year, of the autonomy of free negotiation of prices and the expansion of the list of mandatory procedures for operators. Given this scenario, and under the theme of business strategy, a new proposition of an exploratory study of Unimeds Federation of the State of São Paulo (Fesp) was formulated critically your new strategic configuration, aligned to the competitive market environment in which it operates. The Trajectory of a Long-lived Brazilian Construction Company through a Longitudinal Analysis of its Strategies Determinants of Health Quality in the Municipalities of the State of Rio de Janeiro Antonio Ferreira, Universidade Federal Rural do Rio de Janeiro Fabricio Carvalho Cipola, Bank of Brazil Inc Marcelo Alvaro Macedo, UFRJ This article aims to analyze the determinants of quality of care in the municipalities of the state of Rio de Janeiro. Therefore, it try to explain, using regression analysis, the FIRJAN health indicator through spending per capita on health: total expenses, personnel costs, outsourced services costs and investment spending. In addition, it sought to examine if the origin of the resources employed (SUS or Own Resources) was also able to explain the FIRJAN health indicator. The main results show that, in general, the higher the per capita expenditure better indicator of health of the municipality. It is also observed in the results that spending on outsourced services is the most relevant and the use of own resources brings more benefits to the population than the use of SUS resources. Discretion against Corruption: Audit Technicians in Brazil as Street-Level Bureaucrats Rafael Diogo Pereira, CEPEAD-UFMG Janete Lara de Oliveira, CEPEAD-UFMG This study aimed to analyze the strategies historically implemented by leaders of a long-lived company of the construction industry. In this sense, the trajectory and the company’s strategies will be discussed in relation to the panorama of development of construction industry in Brazil, establishing, whenever possible, parallels between the strategies adopted by the organization and its economic and political context. Considering the diverse currents present in the field of strategy, this study uses the theories of Michael Porter for their relevance and because it considers the interdependence between strategy and industry structure. This study was guided by qualitative research strategy, using the method of single case study, the option chosen by the possibility of deepening the phenomenon in question. From the case studied, it was possible to demonstrate the inexorable interaction between company and environment in the development and implementation of strategies for a construction company for over five decades. Mauricio Ribeiro, FGV This paper focuses on how the audit courts’ technicians in Brazil exercise their roles with a great deal of discretion and freedom, concluding that the label of “street-level bureaucrats” can be applied to them. When on charge of the analysis of bidding processes and of the budgetary performance of the Public Administration, the audit courts’ technicians perform these activities with freedom, a wide range of powers, and based mostly on their own ideas of how the State should act; the prerogatives of their functions also make them less exposed to pressures coming whether from the analyzed public departments or from the highest hierarchical ranks of the audit courts. Therefore, the discretion that come with the job transform the audit technicians into public agents with special powers when it comes to fighting corruption, turning them into essential contributors to good governance. Turbulent Environment: The Impact of Strategy Vesna Mandakovic, Universidad del Desarrollo Employment protection legislation is present worldwide, being more stringent mainly in developing countries. While these laws are positive for short-term job stability, they can hinder enterprises’ ability to optimally adjust when facing negative shocks, which may harm their efficiency and long-term economic growth. This paper analyzes the impact of stringent employment protection legislation on the propensity to downsize, exploiting the heterogeneity of productivity levels of firms within various sectors. Using a parsimonious theoretical model and an empirical application for panel data of manufacturing plants in Chile between 1980 and 1994, the evidence presented in this paper strongly supports the idea that when firing costs are higher, the probability of downsizing will decrease but will do so heterogeneously. The differences arise from sectors’ price growth rates, firm productivity, and the labor wedge. Hugo Alberto Rivera, Universidad del Rosario In last years, the field of strategic management has stopped to study how environmental turbulence affects the strategic behavior of firms. Theoretical investigations have recently emerged in which it appears that the environment is also subject to the influence that comes from the actions taken by companies to cope. The relevance of this new line of work lies that the environment goes from being just a driving force to also acquire a dependent. Given the above, it is necessary to investigate this bidirectional relationship between environmental turbulence and the behavior of the constituent companies, which undoubtedly will advance the development of empirical studies that confirm the existence of this relationship. SESSION 86 POLITICS, CONFLICTS AND SOCIAL MANAGEMENT 1 TRACK 11 Paper Session Chair Date Time Room Tuesday, Oct 22 16:30 – 18:00 h Petrópolis C Antonio Ferreira, Universidade Federal Rural do Rio de Janeiro Downsizing and Employment Protection Legislation: Evidence from Chilean Manufacturing Firms (1980-1994) Freedom of Information in the Defense Sector: The Brazilian Case Karina Rodrigues, FGV-EBAPE The access to information law (12.527) in Brazil had to deal with military resistance since before its promulgation. But with its enactment, new challenges emerge towards making secrecy an exception in the public administration, especially in military and defense-related institutions. To evaluate the compliance of these institutions with the law, it has been made a Freedom of Information audit through requests to the Brazilian Defense Ministry, Aeronautics, Army and Navy Commands. It has been noticed that compliance is very low on quality of disclosure mainly for the Army and Navy. In spite of the quality of the answers, Aeronautics exceeded the stipulated time of response. The Ministry of Defense presented the best performance, with complete and on time responses. There is evidence that military institutions are more closed to giving information, but there is also need of further studies directed to other civilian institutions, to corroborate the analysis. The Third Sector in the Brazilian Context and the Problem of Its Control Flavio Souza, FGV-EBAPE Marcos Santos, Rio de Janeiro State University Igor Queiroz, UFRJ - FACC Thiago Parreira, Getúlio Vargas Foundation The crisis of the bureaucratic model of public administration, marked by high costs and low quality of pubic services, led to a general movement for reform of the state. The fiscal adjustment and institutional change were the two main pillars of this reform. The former was achieved with privatization, reduction of the state apparatus and expenses cut, while the later was associated with the creation of new institutions, such as social organizations and executive agencies. However, these two pillars lead to a paradox called “dilemma of control”: while the attempts of fiscal adjustment require considerable effort to expand the control mechanisms over the bureaucratic apparatus, the institutional changes aim to ease these mechanisms. Hence, this paper has the purpose to promote a debate about some features of the third sector in Brazil, focusing on issues related to their control in order to better study this contradiction. SESSION 61 ACADEMIC APPROACHES AND DEVELOPING EDUCATIONAL MODELS TRACK 12 Paper Session Chair Date Time Room Tuesday, Oct 22 16:30 – 18:00 h Buzios B Diego Gonzales-Miranda, University EAFIT Organizational Identity: A Review of the Literature Diego Gonzales-Miranda, University EAFIT Carmen Ocampo, Universidad EAFIT Mariano Gentilin, Universidad EAFIT Andres Sierra, Universidad EAFIT Organizational identity is a subject of discussion and controversy in the study of organizations. Its conceptualization and theoretical approach endow particularity self-definition and distinction to organizations. It is a variable concept, a framework or tool for understanding organizational phenomena, while providing a solid foundation for intervention and organizational analysis. In this paper we discuss some disciplinary foundations of this concept, while the original intention was questioned given by Albert and Whetten in 1985. The aim is to present a theoretical framework and bibliographical reference to guide the discussion around organizational identity from a critical and multidisciplinary view. Perspectivação - Educational Model Norman Arruda, ISAE This abstract aims to present the educational model of ISAE - Advanced Institute of Administration and Economics, as a vector to enhance the responsible leaders development in Brazil. ISAE is associated of FGV - Getulio Vargas Foundation, one of the 30 best think tanks in the world, and developed its educational model, the Perspectivação, as a complementary approach to the students experience in the FGV courses, bringing educational concepts related to values and personal characteristics. This extended abstract also brings an avaliation approach of the model , where were used the method of face validity with 50 experts in this issues. On the results, 92% of the interviewed agreed the this model contributes to enhance the development of global responsible leaders. The Discourse in the Study of Organizations: A Review of the Literature Alejandra Ocampo, Universidad EAFIT Andres Sierra, Universidad EAFIT In this paper we present the results of a review of literature on discourse analysis in the organization studies; in the contributions of different authors we observed thematic aspects, epistemological and methodological. The results were obtained from a systematic analysis of 5,509 articles, published in ten principal international journals relating with the organization studies, there we identified 88 articles on organizational discourse in the period 2000-2012. To relieve and categorize selected literature data was used qualitative research software Atlas ti version 6.2, the data analysis method was supplemented with content analysis and text. The review showed approaches to the concept of discourse in the organizational field, dimensions of organizational discourse, discourse analysis approaches and topics of organizational studies that have been addressed from the perspective of discourse, including: organizational identity, organizational change, new organizational forms and organizational power. The False Dilemma Theory - Practice in the Administration Pablo Munera, Universidad de San Buenaventura-Medellín The relationship between theory and practice in the administration usually presented in terms of tension, antagonism and even more simplistic, dilemma, which is a false proposition, for incomplete and extremist. While theory and practice, by themselves, and further administration are different phenomena are also at the same time, complementary phenomena, which overlap, include and complement: there is theory in practice and practice in theory. To show that reduced this relationship to its antagonistic dimension is a reductionism and a false dilemma, identify the principles and basic flaws of both theoreticians (intellectualists call them here) as of practitioners. The usefulness of this work is that it serves as input to present, at another time, a proposal overcomes this dilemma, since the articulation between theory and practice, where the antagonistic and complementary perspectives that have, could be presented in a dialogical and pragmatic way. SESSION 62 TEACHING LEARNING PROCESS TRACK 12 Paper Session Chair Date Time Room Tuesday, Oct 22 16:30 – 18:00 h Sala de Apoio 3B Antonio Hoyos Chaverra, Universidad Nacional de Colombia An Approach to the Microworlds as Strategies in the Teaching-Learning Processes in Management Science Antonio Hoyos Chaverra, Universidad Nacional de Colombia Isabel Cristina Gómez Ramírez, Universidad Nacional de Colombia The success of the teaching-learning process is given by multiple strategies, one of them is active methodologies, which are characterized by promote in students the acquisition meaningful knowledge. However, there are limitations to the application of different theories and concepts in management sciences because, unlike other sciences, they rarely have a training camp. Therefore, the aim of this paper is to show that the micro-worlds are an alternative that allows the practice and development of knowledge in the area of administration. Initially, it is presented an introduction to the problem, the concept, characteristics, process design microworlds, its relationship with learning and some applications to education in management science. Afterwards, it is realized a brief critique and it concludes that to achieve meaningful learning, it is not enough with the use of microworlds. Does the Use of the Case Method in MBA Programs Foster the Development of Analytical Skills? Juan J. Segovia, Concordia University The case method (Case-Based Learning) is a pedagogical tool which is used in many MBA programs around the world as a means towards developing essential business skills such as: analytical, problem solving, decision making, etc. These skills are necessary to manage in an ever changing business world, in an effective and efficient manner. Alternatively, traditional Lectured-Based Learning can be used as a means towards developing such skills. The purpose of this study is to assess the effectiveness and efficiency of the CBL method in the development of such cognitive skills. This method was compared to the LBL method. A Managerial Accounting course in an MBA Program at a Canadian University was used as a vehicle to perform such an assessment. Our results suggest that indeed the CBL is a more effective and efficient vehicle in the development of such cognitive skills as compared to the LBL method. FLOW to Communicate Catalina Isabel Ortiz, Sergio Arboleda University FLOW to communicate is a class that has two contexts and has been given at higher education administration programs, a successful experience is systematized through a research where it was possible to retrieve knowledge, best practices and provide recommendations for classes seeking work elements that enable students to strengthen their communication and be persuasive speakers. Identification of the Needs for Professional Training in Social and Productive Sectors Byron Acosta, National Secretariat for Science, Technology and Innovation Maria Fernanda Orquera, National Polytechnic School of Ecuador This study aims to identify training needs and development of professional skills in organization liked to the Productive Transformation Agenda and to the Priority Attention in Ecuador. Through the establishment of national sectorial workshops, representative institutions of businesses and workers from the productive and social sectors were called in order to apply them one survey. Results indicate that the priority occupations for training processes are the operational level - officers, operators and mechanical artisans. Also, machine´s operators, assemblers and installers. On the other hand, social and productive sectors prioritize short-term training through courses. It was identified that in the social sector the three areas of greatest demand for training are: Administration and Legislation, Gastronomy and Tourism. Although, for the productive sector priority areas are: Administration and Legislation, Process, Information Technology and Communication. From this research raises the guidelines for future application of the instrument developed in a national wide The Spaces of Teaching and Learning in Organizations of Z Generation: A Constructivist Approach Priscila Fernandes, FGV Claudia Molina, Universidad Simon Bolivar In this paper we present the construction of the Z generation epistemic spaces of teaching and learning. It is based on epistemic subject with skills to build relationships for the development of space operations in the acquisition of knowledge in the context of current internet technologies. We believe that learning in this type of organizational spaces has a metaphorical term approaching the intangible to a cognitive tool that helps developing social imaginary and it reflects on the relationship from territory and subject to demand teaching and learning for the formulation of new concepts, symbols and language in the Z generation organizations. Teaching and learning nowadays need much more spatio-temporal, personal and group flexibility. The construction of knowledge is no longer individual but collective. Thus, we see the importance that communities of practice have in cybers corporations led by the Z generation. Cladea Executive Committee María Helena Jaén Presidenta IESA Instituto de Estudios Superiores de Administración Vicepresidenta Avda. IESA, Edificio IESA, San Bernardino Caracas 1010-A Telf: 58 212 555 4404/ 555 4436 58 212 555 4210 [email protected] [email protected] Antonio Freitas Past Presidente Escola Brasileira de Administração Pública Fundacão Getulio Vargas EBAPE/FGV Provost Praia de Botafogo 190, 12° Andar - CEP 22250-900 Rio de Janeiro, Brasil (55-21) 3799-5505 [email protected]; [email protected] Roberto Solano Presidente Electo Decano de la Escuela de Negocios y Economía de la Universidad de las Américas Puebla Sta. Catarina Mártir. Cholula, Puebla. C.P. 72820. México 52 (222) 229 2000 ext.2473 [email protected] Marcelo Paladino Decano Escuela de Dirección y Negocios, IAE Universidad Austral Mariano Acosta s/n° Derqui (B1629WWA) Pilar Buenos Aires, Argentina [email protected] [email protected] Olga Pizarro Stiepovic Directora Escuela de Postgrado Universidad del Desarrollo Av. Plaza 680, San Carlos de Apoquindo, Las Condes Santiago, Chile [email protected] Ignacio Gaitán Villegas Decano Ejecutivo Escuela de Administración Universidad Sergio Arboleda Calle 74 N° 14 - 14 Torre F Piso 6 Bogotá, Colombia [email protected] Hilda Arango de Ortega Decana Escuela Internacional de Ciencias Económicas y Jorge Talavera Miembro Vitalicio Rector Universidad ESAN Alonso de Molina 1652 - Monterrico Chico Santiago de Surco Lima - Perú (51-1) 345 1331 / 317 7200 [email protected] Administrativas Universidad de la Sabana Campus del Puente del Común, Km. 7, Autopista Norte de Bogotá. Chía, Cundinamarca, Colombia [email protected] Local Organizer Committee Rachel Daza Executive Committee Members Alberto Zapater Director Ejecutivo [email protected] Mariella Olivos de Cáceres Coordinadora Ejecutiva [email protected] Javier Espina Hellín Director International Relations ESIC Business & Marketing School Avda. De Valdenigrales s/n 28223 Pozuelo de Alarcón Madrid, España [email protected] [email protected] Coordenadora de Comunicação e Marketing Escola Brasileira de Administração Pública e de Empresas Praia de Botafogo, 190 – 5º andar – 22250-900 – Brasil [email protected] Roberta Guimarães Assessora de Comunicação e Marketing Escola Brasileira de Administração Pública e de Empresas Praia de Botafogo, 190 – 5º andar – 22250-900 – Brasil roberta.guimarã[email protected] Henrique Pacheco Research Assistant Nupin / PUC-Rio [email protected] Tomislav Mandakovic Decano D. Inez Andreas School of Business Barry University 11300 NE nd. Avenue, Miami Shores, FI 33161 – 6695, USA [email protected] [email protected] Raquel Dias Gerente de eventos SKL Eventos e Turismo [email protected] 63 Institutional Members ALEMANIA HochschuleReutlingen Universidad Dortmund Leipzig Graduate School of Management Universidad de CienciasAplicadasFachhochschule Worms PforzheimUniversity ARGENTINA Universidad Nacional del Litoral Universidad Nacional del Centro de la Provincia de Buenos Aires Universidad Católica de Córdoba - UCC Universidad Católica Argentina Fundación Alta Dirección Escuela de Negocios - ADEN Universidad Austral Universidad de San Andrés Universidad delCema AUSTRALIA University of Queensland BÉLGICA European Foundation for Management Development EFMD Vlerick Leuven Gent Management School BOLIVIA Universidad del Valle BRASIL Associação Escola Superior de Propaganda e Marketing ANPAD - Associação Nacional de Pós-Graduação e Pesquisa emAdministração Universidade Federal do Río Grande do Sul Federal University of Rio de Janeiro - UFRJ Fundación Getulio Vargas EBAPE/FVGV Fundación Getulio Vargas EAESP/FGV FundacaoDom Cabral Business School Sao Paulo - BSP Instituto Superior de Administracao e Economía do MERCOSUL ISAE CANADA Schulich School of Business University of York OrganizaciónUniversitariaInteramericana - OUI Canadian Federation of Business School Deans CFBSD/ FCDEA CHILE Universidad Autónoma de Chile Universidad de Valparaíso Universidad del Pacífico Universidad Católica de Temuco 64 Universidad Mayor de Chile Universidad de las Américas Universidad Católica de Valparaíso Universidad Adolfo Ibañez Universidad del Desarrollo Universidad de Talca Universidad de Chile Universidad Austral de Chile Universidad Diego Portales Universidad de Santiago de Chile COLOMBIA Universidad Antonio Nariño Corporación Universitaria de Investigación y Desarrollo UDI Universidad Libre Seccional de Cali Corporación Universitaria - UNITEC Universidad Francisco de Paula Santander Corporación Universitaria Iberoamericana Universidad Autónoma de Occidente Universidad Autónoma del Caribe Pontificia Universidad Javeriana de Bogotá Universidad de La Salle Universidad de Medellín Universidad del Valle Universidad ICESI Universidad del Rosario FAEN Universidad de La Sabana Fundación Universidad del Norte Universidad de Los Andes - UNIANDES Universidad EAN Politécnico Gran Colombiano Institución Universitaria Universidad Autónoma de Bucaramanga Universidad Externado de Colombia Universidad EAFIT Fundación Universitaria - CEIPA Asociación Colombiana de Facultades de Administración ASCOLFA Universidad Nacional de Colombia - Sede Manizales Escuela Colombiana de Ingenieria Julio Garavito Colegio de Estudios Superiores de Administracion - CESA Universidad Sergio Arboleda Universidad Santo Tomas - Sede Principal Pontificia Universidad Javeriana de Cali Fundación Universitaria Empresarial de la Cámara de Comercio de Bogotá Universidad Militar Nueva Granada Universidad Nacional Abierta y a Distancia - UNAD Fundación Universidad Central COSTA RICA INCAE Business School Instituto Tecnológico de Costa Rica Institutional Members ECUADOR Universidad Politécnica Salesiana Universidad de Especialidades Espíritu Santo Universidad San Francisco de Quito Universidad Tecnológica ECOTEC Escuela Politécnica del Ejército - ESPE Escuela Politécnica Nacional de Quito IDE Business School Escuela Superior Politécnica del Litoral Universidad Católica de Santiago de Guayaquil Universidad del Pacífico ESPAE – ESPOL ESCOCIA University of Strathclyde ESPAÑA Madrid School of Marketing - MSMK Nebrija Business School Escuela Europea de Negocios Vértice, Business School ITAEREA Aeronáutical Business School ESDEN, Escuela Superior de Negocios y Tecnologías EuropeanUniversity Universidad Europea de Madrid - IEDE Centro Estudios Financieros, CEF - UDIMA Escuela Negocios Novacaixagalicia InstitutoEuropeo de Posgrado GUNI, Global University Network for Innovation IESE Business School ESEUNE - Escuela Europea de Estudios Universitarios y de Negocios ESIC Escuela Superior de Gestión Comercial y Marketing Universidad Ramón Llull / BES La Salle EAE Business School Instituto de Empresa - IE FUNDESEM Business School Escuela de Organización Industrial - EOI EADA Escuela de Alta Dirección y Administración ESADE Business School IEB - Instituto de Estudios Bursátiles EUDE - Escuela Europea de Dirección y Empresa ISEAD - Instituto Superior de Educación, Administración y Desarrollo Fundación Universidad Empresa de Región Murcia – ENAE ESTADOS UNIDOS University of Texas at San Antonio ACBSP - Accreditation Council for Business School and Programs WACRA - World Association for Case Method Research & Application Business Assoc. of Latin American Studies - BALAS AACSB International - The Association to Advance Collegiate Schools of Business Florida International University, FIU University of Richmond Association of University Programs in Health Administration - AUPHA American Graduate School of Int. Management Thunderbird Campus University of San Diego Rollins College University of the Incarnate World Barry University George Mason University University of San Francisco – USF FRANCIA IÉSEG School of Management Skema Business School Groupe HEC ESCP - EAP European School of Management Groupe ESC Clermont Groupe SUP de CO Montpellier ESC Bretagne Brest Audencia Nantes School of Management Toulouse Business School InstitutSuperieur de Gestión - ISG International Partnership of Business Schools - IPBS GUATEMALA Escuela de Alta Dirección Empresarial Escuela Superior Internacional – ESI HONDURAS Universidad de San Pedro Sula Universidad Tecnológica Centroamericana – UNITEC ITALIA ASFOR MÉXICO Universidad Nacional Autónoma de México UNAM Universidad del Mayab, S. C Universidad Anáhuac México Sur - México ITESM - Campus Ciudad de México ITESM - EGADE Campus Monterrey Universidad de las Américas Puebla ITESM - Campus Puebla Universidad de Monterrey NUEVA ZELANDA Auckland University of Technology – AUT PANAMÁ Quality Leadership University – QLU 65 Institutional Members PARAGUAY Universidad Americana – INCADE PERÚ Universidad de Lima Universidad Continental Universidad San Ignacio de Loyola Universidad Peruana de Ciencias Aplicadas - UPC Pontificia Universidad Católica del Perú - CENTRUM Universidad del Pacífico Universidad ESAN Universidad Particular de Chiclayo Universidad Privada Tacna Universidad San Martín de Porres - USMP Universidad Norbert Wiener Universidad Católica San Pablo - UCSP Universidad Tecnológica del Perú POLONIA SilesianCollege of Economics and Administration in Bytom PUERTO RICO Universidad de Puerto Rico, Recinto de Río Piedras Universidad Interamericana de Puerto Rico, Recinto Metropolitano 66 Universidad Politécnica de Puerto Rico Universidad Metropolitana Universidad de Puerto Rico, Recinto Mayagüez Universidad del Este Universidad del Turabo REPÚBLICA DOMINICANA Barna Business School Universidad APEC Universidad Iberoamericana - UNIBE Pontificia Universidad Católica Madre y Maestra Instituto Tecnológico de Santo Domingo – INTEC SUIZA FundaciónEducatis TRINIDAD Y TOBAGO Arthur Lok Jack Graduate School of Business URUGUAY Universidad Católica del Uruguay Universidad ORT VENEZUELA Instituto de Estudios Superiores de Administración - IESA Track Chairs Track 1: The Internationalization of Business Schools, Accreditation, and Educational Quality. Gastón Labadie - Universidad ORT, Uruguay Mônica Pinhanez - FGV/EBAPE, Brazil Track 2: Economic, Financial Management and Accounting Urbi Garay – IESA, Venezuela José Santiago – Fajardo Barbachan FGV/EBAPE, Brazil Patrick Behr – FGV/EBAPE, Brazil Track 3: Leadership and Management of Human Capital M. Virginia Lasio – ESPOL, Ecuador Filipe Sobral – FGV/EBAPE, Brazil Track 4: Ethical, Social and Environment Responsibility Sylvio Borrero – ICESI, Colombia Helio Arthur – FGV/EBAPE, Brazil Track 5: Entrepreneurship and SMEs José Ernesto Amorós – U. del Desarrollo, Chile Rafael Goldszmidt – FGV/EBAPE, Brazil Sumit Kundu – FIU, USA Track 6: Operations and Supply Chain Management Bernard Killian – INCAE Ram Mudambi – Temple University, USA Track 7: Technology and Innovation Management José Antonio Robles – ESAN, Perú Paulo Figueiredo – FGV/EBAPE, Brazil Curba Lampert – FIU, USA 67 Track Chairs Track 8: Marketing Gina Pipoli – Universidad del Pacífico, Perú Vinicius Brei – UFRGS Janet Murray – Univ. of Missouri – St Louis Track 9: Strategy, Corporate Governance, Sustainable Development and General Management Sergio Olavarrieta – U. de Chile Alvaro Cyrino – FGV/EBAPE, Brazil Jose Pla-Barber – University of Valencia Track 10: International Business, Multinationals and Emerging Markets Carlos Alsúa – UAI William Newburry – FIU, USA Andreja Jaklic – University of Ljubljana, Slovenia Track 11: Politics, Conflict and Social Movements Carlos Pereira – FGV/EBAPE, Brazil Track 12: Learning Processes and Challenges for Management Education Jorge González – Tec Guadalajara, México Fátima Bayma – FGV/EBAPE, Brazil 68 CLADEA2013-Reviewers Alvaro Espejo - University of Adolfo Ibañez William Newburry - Florida International University Joaquin Alegre - University of Valencia Alvaro Cuervo-Cazurra - Northeastern University Eduardo Kayo - Universidade de Sao Paulo Scott Turner - University of South Carolina Erzsébet Czakó - Corvinus University of Budapest Xavier Mendoza - ESADE Ilgaz Arikan - Ohio State University Vikas Kumar - University of Sydney Michael Mol - University of Warwick Fabrizio Noboa - USFQ Business School Ronaldo Parente - Florida International University Matthew Semadeni - Indiana University Maria Lasio - ESPAE-ESPOL Armando Borda - FIU Julie Li - City University of Hong Kong Rafael Goldszmidt - FGV-EBAPE Tales Andreassi - Fundação Getulio Vargas Renata Peregrino de Brito - Faculdade de Economia e Finanças Ibmec Marcelo Cano Kollmann - Temple University Thomas Hannigan - Temple University Won Kyung Min - Temple University Claudio Conti - GV-EBAPE Juan-Pablo Torres - University of Warwick José Ernesto Amorós - Universidad del Desarrollo Christian Felzensztein - Universidad Adolfo Ibañez Alvaro Cyrino - FGV-EBAPE Sergio Wanderley - FGV Rio Joaquim Fontes-Filho - FGV-EBAPE Diana Benito-Osorio - UNIVERSIDAD REY JUAN CARLOS Luis Enrique Urtubey De Césaris - FGV/EBAPE Escola Brasileira de Administração Pública e de Empresas Stefano Elia - Polytechnic University of Milan C. Annique Un - Northeastern University Ryan Krause - Texas Christian University Carla Bustamante - University of Colorado-Boulder Filip De Beule - University of Leuven Fernando Parrado - Universidad Sergio Arboleda. Monica Pinhanez - FGV-EBAPE Anna-Katharina Lenz - EBAPE - Fundacao Getulio Vargas (FGV) Sergio Olavarrieta - University of Chile Carlos Alsua - Universidad Adolfo Ibáñez Fatima Oliveira - FGV Jose Pla-Barber - University of Valencia Jorge A. González - Tecnológico de Monterrey Andreja Jaklic - University of Ljubljana Olga Pizarro-Stiepovic - Universidad del Desarrollo Anabella Davila - Tecnologico de Monterrey lfredo Behrens - Faculdade FIA de Administração e Negócios Edgar Izquierdo - ESPAE Graduate School of Management Patricia Monteferrante - IESA Rosa María Fuchs - Universidad del Pacífico Juliana Mansur Kopp - Escola Brasileira de Administração Pública e de Empresas - EBAPE/FGV Liliane Furtado - FGV-EBAPE Diego De Faveri - Getulio Vargas Foundation Ignacio Bartesaghi - Universidad Católica del Uruguay Carlos Hernán González Campo - Universidad del Valle Andrea Hurtado Ayala - Universidad del Valle Federico Fernandez Dupouy - IESA Gianni Romani - Universidad Católica del Norte Soledad Etchebarne - University of Chile Isabel Alvarez - UNIVERSIDAD COMPLUTENSE DE MADRID Sergio Soto - Universidad de Chile Felipe Silva - FGV-EBAPE Jesus Sanchez - Pontificia Universidad Católica de Puerto Rico Sandra Vanessa Welsh - Universidad Argentina de la Empresa Celia Torrecillas - University of Jaén Marina Santucci - UADE (Universidad Argentina de la Empresa) Diana Lorena Pineda Ospina - Universidad del Valle Silvio Borrero - Universidad Icesi Adriana Ramirez Rocha - Instituto Tecnológico y de Estudios Superiores de Monterrey Antonio Lecuna - Universidad del Desarrollo Carlos Albornoz - Universidad del Desarrollo Marcio Laurini - University of São Paulo - USP María Fernanda Díaz Delgado - Universidad Industrial de Santander Eduardo Esteva - Tecnologico de Monterrey Lygia Costa - FGV Susana Mangana - Universidad Católica del Uruguay Gladys Mireya Valero Cordoba - Universidad Pontificia Bolivariana, seccional Bucaramanga Colombia Elisabeth Silveira - FGV Isadora V. Castro - Universidade de Brasília Johanna Milena Mogrovejo Andrade - Universidad Francisco de Paula Santander Rubén Darío Echeverry Romero - Universidad del Valle Alessandra Lewit - FGV-EBAPE Cristina Villar - University of Valencia Antonio Cevallos - UEES Valeska Geldres - Universidad de La Frontera Ariel Alfonso Reyes Castro - Universidad Nacional Abierta y a Distancia UNAD Anamari Irizarry - University of Puerto Rico Rio Piedras Campus Carlos William Mera Rodríguez - Universidad Nacional Abierta y a Distancia - UNAD José Albuja - ESCUELA POLITÉCNICA DEL EJÉRCITO Luis Silva-Domingo - Universidad ORT Uruguay Pedro Lincoln Mattos - Universidade Federal de Pernambuco Marcelo Barrios - Universidad de San Andrés Edgar Ferrer - Universidad del Turabo Anze Burger - University of Ljubljana, Faculty of Social Sciences 69 CLADEA2013-Reviewers Tania Furtado - Fundação Fundação Getúlio Vargas Martha Corrales - Tecnologico de Monterrey Christian Cancino - Universidad de Chile Renato Santiago Quintal - Diretoria de Finanças da Marinha Frederico Moreira - Universidade Federal de São Carlos Santiago Lazo Villela - Caribbean University Luis Fernando Bustamante Zapata - Comercializadora y Representaciones ANTIOTRADING S.A.S. Sylvia Vergara - FGV - Fundação Getulio Vargas Peter Magnusson - Florida International University MinJu - University of Missouri-St. Louis Daniel Baack - University of Denver Mike Chen-ho Chao - William Paterson University Deborah Zouain - Fundação Getulio Vargas Matevz Raskovic - University of Ljubljana, Faculty of Economics Gerald Gao - University of Missouri-St. Louis Chin-Chun (Vincent) Hsu - University of Nevada Las Vegas Maria de Lourdes Bacha - Universidade Presbiteriana Mackenzie Eduardo Andrade - FGV-Ebape Gabriel Milan - Universidade de Caxias do Sul Danilo Sampaio - Universidade Federal de Juiz de Fora Stella Naomi Moriguchi - Universidade Federal de Uberlândia Walter Nique - EA/UFRGS Pedro Ivo Dias - Coppead Graduate School of Business Federal University of Rio de Janeiro Edgard Barki - FGV-EAESP Kety Lourdes Jauregui Machuca - Universidad ESAN Henry Xie - College of Charleston Jane Marques - Universidade de São Paulo Aquiles Farias - University of Brasília Lina Martinez - Icesi Maribel Suarez - Universidade Federal do Rio de Janeiro Kenny Basso - Faculdade Meridional - IMED Delane Botelho - EAESP-FGV Iris Mariavelez Osorio - UNIVERSIDAD ICESI Luigi Corbelletta Rojas - ICESI Lina Sofia Valenzuela - Icesi Denise Rodriguez - Escuela Superior Politecnica del Litoral Walkyria Goode - ESPAE - Graduate School of Business at ESPOL Andre Guettler - Ulm University Sergio Oliveira - Universidade Salvador Jose Hernande - Centro Universitário da FEI Jose Renato Ornelas - Banco Central do Brasil Wilson Toshiro Nakamura - Universidade Presbiteriana Mackenzie Fernando Camilo Fernández Ordóñez - Universidad Icesi Maximiliano González - Universidad de los Andes Hermes Moretti Ribeiro da Silva - Universidade de São Paulo 70 Iliana Paez - Universidad Externado de Colombia Felix Noth - Goethe University Frankfurt Ximena Duenas - Universidad Icesi Fernando Pereira - Pontificia Universidad Javeriana Cali Henry Lopez - Linkoping University Leonardo Veiga - Universidad de Montevideo Alejandro Acosta - Universidad Icesi Aljaz Kuncic - University of Ljubljana, Faculty of Social Sciences Matija Rojec - University of Ljubljana, Faculty of Social Sciences Edgardo Bravo - Universidad ESAN Faride Crespo-Razeg - Universidad Icesi Sylvia Cujar - Universidad ICESI Adelaide Baeta - Centro Universitário de Sete Lagoas Maja Bucar - University of Ljubljana, Faculty of Social Sciences Jhony Ostos - Universidad Esan Daniel Calderon - INCAE Carlos Roberto Martinez Romero - INCAE Business School Rodrigo Costa Magna - IESE Business School Gustavo Andre Jimenez - INCAE Business School Rolando Gonzales - universidad ESAN Ana Gonzalez - Universidad Icesi, Facultad de Ciencias Administrativas y Económicas Aída Medina - Universidad Icesi Andres Lopez - icesi university Angels Dasi - Universitat de Valencia Lorenzo Revuelto-Taboada - Universidad de Valencia Juan Felipe Henao Piza - Universidad Icesi Cristina Braga Moreira - Fundação Getúlio Vargas Benedict Ludges - FGV DianaMadrigal - Universidad icesi Claudio Mancilla - Universidad de Los Lagos Diego Lima - Fundação Getulio Vargas Henrique Heidtmann Neto - Fundação Getulio Vargas Bruno Fernandes - Universidade Positivo Denise Dimon - University of San Diego Carla Garibi - Instituto Tecnológico de Estudios Superiores de Monterrey Maria del Pilar Acosta - ESCP Europe Sabrina Lenz - EBAPE/FGV Joaquín Camps - Universidad de Valencia Rafael Fernández - Universitat de Valencia Alicia Coduras - Nebrija Universidad Pep Pla - U. Valencia Carlos Poblete - Universidad del Desarrollo Pablo Muñoz - Universidad Adolfo Ibáñez Lloyd Rivera - CIMS-INCAE Guillermo Selva - INCAE Business School Carlos Roque - ITESM Campus Guadalajara Coatlicue Regalado Arenas - Tecnológico de Monterrey, Campus Guadalajara Naivsoto - Itesm Isidro Velarde - Estman Kodak Company, Hewlett-Packard J. Alfonso González - Tec de Monterrey Anna Karen Fadl - Tec de Monterrey Frederico Bertolini - Getulio Vargas Foundation Participants Ada Gonçalves Ademar Orsi Adrian Rossignolo Adriana Bonomo Adriana Netto Adriana Prado Aida Lovison Alba Henriquez Alberto Paucar-Caceres Alejandra Ocampo Alessandra Lewit Alex Faria Alex Medina Giacomozzi Alexander Nunez Torres Alexandre Silva Alfredo Rébori Alizabeth Sanchez-Lopez Alvaro Cyrino Alvaro Lima Amynthas Gallo Ana Alvarez Ana Celano Ana Guedes Ana Saldívar Anabella Davila Anamari Irizarry Andre Menck Andrea Hurtado Ayala Andrea Rivero Andreia Albino Andrés Azuero Andres Felipe Jimenez Lopez Andres Sierra Andressa Amaya Anete Alberton Angela da Rocha Angela Gallifa Irujo Angela Teresa Beltran Bustos Angie Lugo-Salls Angilberto Freitas Anna Maria Gil Lafuente Annik Passos Marôcco Antonio Carlos Breves de Souza Antonio Cevallos Antonio Ferreira Antonio Freitas Antonio Hoyos Chaverra Arcadio Cerda Aristides Vara-Horna Armindo Teodósio Atila Indalecio Aura Pedraza Aurelio Queiroz Baiena Feijolo Souto Barbara Levy Barbara Santoro Beatriz Hasbun Beatriz Herrera Beatriz Villardi Beatriz Zúñiga Benjamin Azevedo Bernardo Fajardo Brigitte Natalia Calvachi Prieto Bruno Mendes Bruno Moreira Bruno Olher Bruno Tanure Lopes Silva Byron Acosta Camila Espina Carles Solà Belda Carlos Beltrán Carlos D. Santos Carlos Hernán González Campo Carlos Murat Carlos Vecino Carlos Villatoro Carmen Araneda Carmen Espina Carmen Ocampo Carolina Fontenelle Carolina Martínez Carolline Picolli Castaño Franco Alejandra Catalina Isabel Ortiz Catherin Moreno Celso Florencio de Souza Cesar Sobrino Charalampos Theodoulidis Cintia Medeiros Claudia Anaya Claudia D´Annunzio Claudia Molina Claudia Serrano Claudio Bonilla Claudio Conti Clelia Hernandez Clemencia Martínez Cristiane Giovannini Cristobal Fernandez Cuauhtemoc Villarreal Dagoberto Páramo Morales Daniel Ballesteros Daniel Bonilla Daniel Cardona Daniel Chada Danny Ibarra Dario Moreira Pinto Junior David Diaz David Villacis Davidson Freitas Debora Tayt-Son Deise Marques 71 Participants 72 Diana Lorena Pineda Ospina Didimo Dewar Diego A. Agudelo Diego Cardona Diego Gonzales-Miranda Edgar Julián Galvez Albarracin Edgar Rodríguez Edgar Varela Barrios Edileusa Godói Edison Fredy Laon Paime Edith Anzo Eduardo Basso Junior Eduardo Eugenio Spers Eduardo Villegas Edwin Dionisio Cuba Guevara Efrem de Aguiar Maranhao Filho Elías Ramírez Plazas Eliasib Naher Rivera Aya Elio Vera Elkin Dario Rave Gómez Elsa Nieves-Rodriguez Emilio Rodriguez-Ponce Emily Carasco Erica Velozo Erika Velasquez Ernesto Barrera Esdras Carlos de Santana Esperanza Suarez Estêvão Passos Eller Esther Solano Evelyn Lopez Fábio Francisco de Araujo Fabio Raul Blanco Mesa Fabricio Carvalho Cipola Fabrício Correia Vieira Fátima Oliveira Federico Manuel Zevallos Peña Felipe Araujo Felipe Gerhard Felipe Silva Felipe Yañez Fernanda Burmann Fernanda Pina Fernando Parrado Flávio Brambilla Flavio Souza Flavio Vasconcelos Francisca Sanchez Francisco Ganga Contreras Francisco Villegas Fred Contreras Palacios Frederico Carvalho Frederico Moreira Gabriel Cavalheiro Geovanny Perdomo Charry German Albeiro Castaño Duque Germán Castaño Duque Gilberto Figueira da Silva Gina Montone Giselle Francisco Vasconcellos Gonzalo Maldonado Guzman Goran Svensson Grisel Melendez Guillermo Dabós Guillermo Murillo Vargas Gustavo Marchisotti Gustavo Zurita Hansjoerg Fromm Hector De Ponti Heleno de Souza Campos Junior Helyson Parente Henrique Heidtmann Neto Hermilson Velasquez Hugo Alberto Rivera Hugo Benedetti Hugo Martinez Hugo Rivera Ignacio Bartesaghi Igor Queiroz Isabel Cristina Gómez Ramírez Isabel Rivera Isadora V. Castro Ivan Alejandro Duran Diaz Izaias Martins Jaime Humberto Martinez Diaz Janete Lara de Oliveira Jang Singh Jazmin Ponce Gómez Joan-Lluis Capelleras João Bento Oliveira Joaquim Fontes-Filho Joelson Fagundes Junior Johan Manuel Redondo Johanna Milena Mogrovejo Andrade John Miles Jorge Alberto Durán Encalada Jorge Cea Valencia Jorge Ferreira Jorge Luiz Tesch Santos Jorgelina Marino José Albuja Jose Cao Alvira José Ernesto Amorós Jose Fajardo Jose Luis Duque Ceballos Jose Mauro Nunes José Ramón Pin Arboledas José Rezende Juan Carlos Sosa Varela Juan Guillermo Hoyos Díez Juan J. Segovia Juan Manuel San Martin Reyna Participants Juan Osorio Juanita Rodriguez Julio Cesar Valencia Julio Theiler Kamila Oliveira Karen De Carli Karina Rodrigues Kelly Tatiana Giraldo Pardo Lais Vanessa Carvalho de Figueiredo Lopes Lara Vaccari Laura Cardona Laura Figueroa Garcia Leidy García Leila Chagas Guimarães Leon Dario Parra Bernal Leonardo Oliveira Leonel Oliveira Leslier Valenzuela Lilian Costa Liliana Luchi Liliana Pedraja-Rejas Liliane Furtado Lilliam G. Rodriguez Lina Estrada Lina M. Cortés Lina Nakata Linda Clarke Lindijane Almeida Lorena A Palacios-Chacon Lourdes Susaeta Lucas Martins Turano Lucas Souza Lucia Barros Luciana Araujo Luis A. Mondríguez Luis Eduardo Becerra Ardila Luis Felipe Agramunt Luiz Flavio Autran Monteiro Gomes Madeline Melchor Magda Lúcio Manuel Santana Manuela Dantas Marcela Gutiérrez Marcela Martin Marcelo Alvaro Macedo Marcelo Davis Márcia Cristina Valle Zanetti Marcia Paloschi Marcos Cohen Marcos Garrido Marcos Hideyuki Yokoyama Marcos Rego Marcos Santos Margarete Boteon Mari Luz Zapata Ramos Maria Alejandra Pineda Escobar Maria Amador-Dumois Maria Andres Maria Augusta Machado María Belén Álvarez María Candela Rodríguez Maria Cecilia Bezerra Tavares Maria Cristina Bustillo Maria del Pilar Corredor Garcia María Fernanda Díaz Delgado Maria Fernanda García Maria Fernanda Orquera Maria Isabel Camio Maria Ortiz Maria Raigada Maria Santos María Santos-Corrada Mariana Brandão Marianela Denegri Mariano Gentilin Mariano Monteferrario Maribel Ortiz Marina Santucci Mario Cordova-Claudio Mario Divo Motter Junior Mario Giraldo Mateo Vasco Matías Sanfuentes Mauri Pimentel Mauricio Escobar Mauricio Jara Mauricio Ledezma Mauricio Ribeiro Mauricio Vasquez MAURO MEDA Mayte Garcia MB Sarkar Melike Findikoglu Michelle Holperin Miguel Angel Montoya Milenka Argote Miriam Pirela Mitrabarun Sarkar Monica Garcia Solarte Monica Monteiro Mónica Regina de Arteche Myra Pérez Natacha Silva Natalia Batista Natalia Nieto Nathalia Werlang Nikola Petrovic Norman Arruda Omaira Cardenas Orlando E. Contreras Oscar Jerez 73 Participantes 74 Oscar Rubiano Otavio Serra Otto Regalado Pablo Mendez Pablo Munera Pablo San Martín Pamela Leyva Paolo Saona Patricia Femenias Patricia Gutierrez Prada Patricia Vendramini Patricio Aroca Paulina Santander Astorga Pedro Severino Pesi Amaria Pilar Sepúlveda Priscila Fernandes Rachel Nigro Rafael Alcadipani Rafael Diogo Pereira Rafael Galindez Rafael Goldszmidt Rafael Molina Rafael Romero-Meza Raquel Castro Raquel Wildhagen Rebecca Geffner Renata Céli Moreira da Silva Renata Kurtz Renata Sabio Renato de Mello Renato Santiago Quintal Ricardo Alonso Gonzalez ricardo pintanel Ricardo Rochman Rodrigo Almeida Romina Cascino Ronaldo Bernardo Ruben Chumpitaz Caceres Rubén Darío Echeverry Romero Sabrina Tabares Sammy Liberman Samuel Mongrut Samuel Vasconcelos Sandra Canale Sandra Gaitan Sandra Idrovo Sandra Marlene Viscarra Campos Sandra Vanessa Welsh Santiago Roldan Zuluaga Sebastian Gutierrez Semei Coronado Ramirez Sergio Wanderley Sidnei Vieira Marinho Silvia Bressan Simone Mello Soledad Etchebarne Stella Bullo Susana Mangana Sylvia Moraes Talavera Jorge Tanguy Jacopin Thais Andrade Tharcisio Caldeira Thiago Castiglia Gatti Thiago Parreira Tomoki Sekiguchi Tulio Silva Tulio Silva Valdir Júnior Machado Valadão Valeska Geldres Vanice Valle Vanuza Figueiredo Veronica Peñaloza Vesna Mandakovic Vicente Ortega Víctor Álvarez Victor Braga Victor Gimenez Virgin Dones Vitor Lima Vladimir Nanut Wanda Galluzzi Nunes Welington Leoncio Costa Wilson Toshiro Nakamura Xavier Ordeñana yancy Vaillant Yasmine Mansur Yuna Fontoura Zila Guimaraes Horta Zilath Romero Notes 75 Notes 76 Notes 77 Notes 78 Platinum Sponsorship Silver Sponsorship Basic Sponsorship Academic Sponsorship Organized by Generously Supported by Jointly-Organized by