Antonio Vaamonde Liste

The power of intangibles in high-profitability firms

The paper identifies which intangible management features distinguish high-profitability firms. Based on the resource-based theory of the firm, we argue that high-profitability firms focus on the management of intangible resources linked to human, structural, and relational factors. We test two groups of 246 and 250 companies, in two different periods. Results confirm that high-profitability firms are strongly focused on their management of intangibles, and especially on factors that tend to strengthen employees productivity, innovation activities, and business relationships.

The Dimensions of the Financial Condition in Spanish Municipalities: An Empirical Analysis

The current financial crisis highlights the relevance to have frameworks and analytical tools adapted to the financial specificities of the local public sector. The complex nature of the concept of financial condition has been studied from both the doctrinal and institutional perspective. The aim of this study was to analyze whether the multiple indicators of the financial realities of local entities in Spain reflect the dimensions of analysis of financial condition developed by the ICMA or the dimensions developed by the CICA. For the analysis, we used a large number of indicators and a large sample of Spanish municipalities. Our methodology combined statistical techniques of factorial analysis, canonical correlation, and cluster analysis. The results of the analysis in local governments in Spain showed a combination of the dimensions espoused by both theoretical frameworks.

Longitudinal study comparing depressive female patients with and without premenstrual exacerbation

Abstract Introduction The aim of this study was to evaluate whether there are any differences in the clinical features of depression, personality and the G factor among women with and without premenstrual exacerbation (PE) of depression. Material and methods Ninety-nine outpatients diagnosed with major depression (DSM-IV) were interviewed twice. At baseline, the patients were not taking medication. The 74 patients who achieved remission (Hamilton rating scale for depression ≤7) after 16 weeks were evaluated again through the 16-personality factor (16-PF) questionnaire (5th edition) and the D48 (or Dominos) test. Results No differences in clinical characteristics or prognosis were found between the two groups of women, except for the greater presence of seasonal features among women with PE. Women with PE also scored higher for self-control on the 16-PF and scored lower on the D48 (Domino) test. The logistic analysis showed that higher self-control scores increased the risk for PE in 51.3% of the sample, while higher scores on the D48 test decreased the risk in 8.6%. Conclusions There were no differences between the two groups in the clinical features or prognosis of depression, except for the higher rates of seasonal features in the PE group. In contrast, differences were found in personality traits and the D48 between the two groups.