Luis Rubio Andrada

Proposal of an intellectual capital model for the Spanish hospitality sector

Taking a proposal from an intellectual capital general model for the hospitality sector composed of five capitals: human, organisational, technological, business relation and contextual, the present working paper attempts to reach a definition of a Synthetic Model by enabling the measurement and development of the existing intangibles in the Spanish hotel sector, specifically, in Madrid. Taking this General Model as starting point and with the cooperation of the expert opinion of the managers of four and five stars hotels in Madrid, we will obtain this much more operational and agile Synthetic Model.

How do organisational learning and knowledge application improve organisational performance in financial advisory services

ABSTRACTThis paper aims to determine, through a model that integrates the different study approaches observed in the literature, how organisational learning – via learning orientation (LO) and the organisational learning process (OLP) – and knowledge application (KA) improve organisational performance in financial advisory services. Previous research has already tested how each construct, considered individually, positively influences organisational performance. An integrated model that includes all the constructs would reveal whether they have a direct effect on organisational performance or not. Structural equation modelling is used to analyse how the constructs of the model interact among them and the testing of hypotheses, with a sample of 349 financial advisors. Results show KA as the construct directly connected to organisational performance, while LO and the OLP only affect performance indirectly through their interaction with KA. Furthermore, this study supports the bet made by those organisations...ABSTRACT This paper aims to determine, through a model that integrates the different study approaches observed in the literature, how organisational learning – via learning orientation (LO) and the organisational learning process (OLP) – and knowledge application (KA) improve organisational performance in financial advisory services. Previous research has already tested how each construct, considered individually, positively influences organisational performance. An integrated model that includes all the constructs would reveal whether they have a direct effect on organisational performance or not. Structural equation modelling is used to analyse how the constructs of the model interact among them and the testing of hypotheses, with a sample of 349 financial advisors. Results show KA as the construct directly connected to organisational performance, while LO and the OLP only affect performance indirectly through their interaction with KA. Furthermore, this study supports the bet made by those organisations truly involved in learning and KA, most significantly in the latter.

The Impact of the Shadow Economy on the Country Risk Index

Leading scholars examine recent evidence from theoretical and empirical research on tax compliance and tax evasion, and provide an in-depth analysis of underlying methods. Strategies to fight tax evasion are evaluated and the motivations behind it are explored, as are the impact and size of the shadow economy in Europe. As well as promoting a better understanding of the issues, this book intends to stimulate further debate and, in so doing, broaden the exchange of ideas and concepts.

Corporate culture and long-term survival of Spanish innovative firms

The purpose of this paper is to analyze how firms can enhance their innovative capabilities and become more resilient. The current business environment requires a specific type of management for companies to remain competitive and innovation plays a key role in this respect. However, this means that a particular kind of corporate culture must promote innovation in the firm. This innovation culture is likely to be present in innovative companies that have survived in the long term (at least 50 years) and be the source of an adaptive advantage.,Using innovative Spanish firms, which were established at least 50 years ago, an exploratory factorial analysis was conducted to verify the existence of an innovation culture. Thereafter, a cluster analysis was undertaken to study differences in performance to be able to detect and identify their adaptive advantage.,The findings offer a detailed profile of old and innovative firms created in Spain. Results show that most of the studied firms (88 per cent) have an innovation culture. Furthermore, two separate groups were identified, in which one showed higher profitability and a lower adjustment to an innovation culture, while the other showed the reverse results. This suggests that innovation culture helps companies be more resilient but does not necessarily lead to higher returns.,Corporate culture is identified as a useful management tool in the search for more resilient enterprises. Specific cultural traits are recommended and a benchmarking tool is applied and made available upon request.,Although there are a number of studies which consider the concept of adaptive advantage and resilience on the one side, and on corporate innovation culture on the other, this paper seems to be the first to empirically explore the relationship of both these concepts.