CEGE - Contribuições em Revistas Científicas / Contribution to Journals
URI permanente para esta coleção:
Navegar
Entradas recentes
- Capital structure adjustments of Hotel SMEs in Portugal’s hospitality industry during the COVID-19 pandemicPublication . Palminha, Maria Francisca Gomes de Castro Coelho; Manoel, Aviner Augusto Silva; Ames, Alice CarolinaThe COVID-19 pandemic triggered an unprecedented economic shock, disrupting business operations and demand across sectors. This study examines the impact of the COVID-19 pandemic on the capital structure of small and medium-sized enterprises (SMEs) in the Portuguese hotel sector, a core segment of the hospitality industry and one of the most severely affected by the crisis. Using a panel dataset of private hotel firms in Portugal, we find a significant reduction in total debt during the pandemic. Decomposing debt by maturity reveals that firms reduced short-term borrowing while expanding long-term financing, indicating a recomposition of the debt structure during the pandemic. Furthermore, when firms are segmented by size, the reduction in total leverage was concentrated among smaller, financially constrained firms, while the expansion in long-term financing was observed among larger, financially unconstrained firms. A further decomposition of total liabilities into financial and operating components reveals that financial and operating liabilities responded in opposite directions during the pandemic: operating liabilities contracted, while financial liabilities, notably long-term financial debt, increased. This study contributes to the literature on capital structure, corporate finance, and crisis management by providing one of the first empirical assessments of COVID-19's effects on SME financing in a tourism-dependent, bank-reliant economy, a context that remains understudied. It also extends prior research by focusing on private rather than public firms. By examining a highly vulnerable sector, the findings offer insights into financial resilience during crises and provide policy implications for improving liquidity access and strengthening financial stability among tourism-dependent hotel SMEs.
- Dobb, Brenner and Postan on the nature and origin of capitalismPublication . Martins, Nuno OrnelasThis article provides a comparison of the views of Maurice Dobb, Robert Brenner and Michael Postan on the nature and origin of modern capitalism. Dobb, a leading Marxist at Cambridge, triggered the influential transition debate within Marxian historiography on the origin of capitalism. Brenner initiated another debate which was, in several ways, a continuation of the transition debate, while further extending the Marxian view, and criticising Postan’s neo-Malthusian approach to historical demography, which became the dominant view at Cambridge and beyond. It is argued here that the Marxist view advanced by Dobb and Brenner and the Malthusian view adopted by Postan can be best understood in connection with different developments of classical political economy. Those debates are here analysed taking into account their relationship to economic thought, and their relevance for debates on tracing the nature and origin of modern capitalism.
- The influence of society on the behavioural intention to use a technology: evidence from the battery electric vehicles domainPublication . Lampo, Alessandro; Silva, Susana C.; Duarte, PauloDespite several benefits, the market penetration of battery electric vehicles (BEVs) is below expectation. In light of studies suggesting the significant role of society in enhancing the uptake of technology-driven products, it is important to better understand how social factors affect consumers' intention to use technologies. Data gathered from 120 self-administered surveys were analysed using structural equation modelling (SmartPLS) to examine the effect of subjective norms (SN) and image (IM) on adoption intentions for BEVs. The result showed that social factors played important roles in the decision to adopt the technology. Image, in particular, was a significant behavioural drive for current BEV owners. Social norm and image factors should be considered in research frameworks and communication strategies, especially in contexts where the choices that individuals make are public and subject to the judgement of the members of society. The study's limitations and future research directions are also discussed.
- Prosocial employee behavior: the dynamics of purpose, public accountability and hypocrisyviourPublication . Clegg, Stewart; Cunha, Miguel Pina e; Rego, Arménio; Banerjee, Bobby; Abrantes, António Cunha MenesesTensions can exist between organizational deeds and narratives of purpose. Employees who perceive such inconsistencies may go public with the aim of fostering internal organizational change oriented towards aligning rhetoric and reality. In doing so, they engage in a distinct form of prosocial behavior not yet fully examined in existing literature: societal-oriented prosocial behavior (SOPB) This behavior may be initiated through multiple motivational pathways – identification-repair, moral conviction, hypocrisy-aversion, or strategic calculation – all sharing four defining attributes: (1) employees adopting an external, public stance on (2), a societal-relevant issue with the aim of (3), promoting internal organizational change aligning organizational actions that are consistent with prior statements of purpose, thereby (4) signaling both their allegiance to and dissent from organizational practice. This paper explores both the distinctiveness of these motivational pathways and the specific content of employee societal-oriented prosocial behaviors.
- Vertical integration with multiple (complementary) input suppliers: a theoretical approachPublication . Brito, Duarte; Gonçalves, RicardoMotivated by a recent acquisition in the live music events industry, this paper discusses the effects of and the incentives for vertical integration in the presence of multiple complementary inputs. Among other inputs, a live music events promoter needs access to a venue and a contract with an artist in order to produce a live show. Before the proposed acquisition, the venue, a monopolist arena, was already controlled by some promoters. After the operation, the promoter with control over the arena also has some control over a significant number of artists (indirectly, either through managers, through influence over agents or through the acquisition of tours). We show that when the arena is free to set prices, the vertically integrated firm has no incentive to limit competing promoters’ access to "its" artists: the arena price is a sufficient instrument to implement an input foreclosure strategy. However, if there are constraints with respect to the arena price, the vertically integrated firm may have the incentive to deny competing promoters access to artists, and this alternative input foreclosure strategy is detrimental for consumer welfare.
- Adapting a palliative care intervention for people with advanced cancer across seven European countries: the Pal-Cycles interventionPublication . Hooley, Rachel; Payne, Sheila; Brunsch, Holger; Surges, Severine Marie; Mosoiu, Daniela; Hurducas, Flavia; Hernández-Marrero, Pablo; Pereira, Sandra Martins; Csikós, Ágnes; Pozsgai, Éva; Leppert, Wojciech; Forycka-Ast, Maria; Brand, Pippa van den; Hasselaar, Jeroen; Preston, NancyBackground: International adaptation of healthcare interventions requires sensitivity to local contexts, especially in palliative care, where healthcare systems and cultural expectations about end of life differ widely. Pal-Cycles is an intervention that aims to improve transitions in care for patients with advanced cancer. This intervention was adapted for implementation in a stepped wedge trial across seven European countries (Germany, Hungary, the Netherlands, Poland, Portugal, Romania and the UK). This paper aims to illustrate the process of adapting a palliative care intervention (Pal-Cycles) to meet the needs of those using healthcare settings across seven European countries. Methods: Adapted nominal group techniques (a structured group method that supports idea generation, discussion, and prioritisation) were used, involving both in-country and cross-country adaptation meetings focused on the five key components of the original intervention design, to ensure cultural sensitivity and best fit All countries established a group of clinicians and all except two countries (Portugal and Hungary) involved groups of patients and families. The adaptation process occurred in a series of 5 meetings, which were mostly held online to accommodate participants’ schedules. Results: A total of 36 clinicians, 14 patients or family members, and 16 facilitators participated in the adaptation process over a four-month period. Structured guidance and iterative consultation meetings ensured that the final intervention was both standardised and adaptable to each country’s healthcare setting. We produced a standardised intervention manual based on a theory of change model, ensuring consistency across countries while allowing for contextual flexibility. Conclusions: This paper provides guidance for future cross-cultural adaptation of palliative care interventions, illustrating the value of detailed methodological planning, structured guidance, and multi-stakeholder engagement in the adaptation process. Trial registration: ClinicalTrials.gov NCT06259136, registered on 6 February 2024.
- How virtual fitting rooms shape wellbeing and readiness for virtual events: the moderating role of self-perception traitsPublication . Elmashhara, Maher Georges; Blazquez, Marta; Julião, JorgeAs immersive experiences become prevalent, Virtual Fitting Rooms (VFRs) have emerged as a preparatory stage in which users create and dress avatars before participating in virtual events. Drawing on Self-Determination Theory, this study examines how aspects of VFR experience influence readiness for the virtual event through hedonic wellbeing. It also applies Social Comparison Theory to assess how fashionable self-image and tendency to social comparison moderate these effects. Two VFR experience-based studies (total N = 507) were conducted, in which participants dressed avatars for either a professional or an entertainment-focused virtual event. Results indicate that wellbeing mediates the effects of perceived clothing attractiveness and VFR design on readiness in both contexts, while self-congruence with avatar clothing influences readiness through wellbeing only in professional settings. The findings reveal moderation patterns, with self-perception traits shaping relationship strength. These insights emphasize the pivotal role of the VFR stage in shaping users’ wellbeing and readiness.
- The evolution of fair value measurementPublication . Fontes, Joana Cardoso; Panaretou, Argyro; Shakespeare, CatherineWhile measurement is a fundamental process to the preparation of financial statements, the conceptual frameworks established by both the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) offer limited guidance on selecting an appropriate measurement basis for assets and liabilities. This paper examines the historical progression of fair value measurement, a measurement basis that is at the centre of some of the most polarising views. We believe that understanding the evolution of fair value measurement is pivotal for aiding academics and practitioners in shaping the future trajectory of measurement. This is particularly crucial given the technological advances in corporate reporting and the need to enhance the connectivity between financial and non-financial reporting.
- Experimentation in organizations: an integrative reviewPublication . Corbo, Leonardo; Vlačić, Božidar; Katila, RiittaOrganizations have long relied on experiments to guide decision-making. Yet, a comprehensive synthesis of this rich and timely empirical literature remains lacking. In this integrative review, we identify two primary streams of research (problem-solving-based experimentation and causal inference-based experimentation), which we organize using the classic variation–selection–retention framework. The problem-solving stream emphasizes iterative experimentation, learning from failure, and navigating organizational challenges, while the causal inference stream focuses on sharp identification, structured experimental designs, and bounded experiments, each rooted in distinct disciplinary traditions. Despite the differences, these perspectives offer complementary insights into how organizations experiment, learn, and adapt. By analyzing 177 empirical studies across several disciplines and integrating these parallel streams, we develop a unifying framework that highlights the key drivers, processes, and outcomes of organizational experimentation. We conclude by outlining promising avenues for future research, including deeper retention in shaping experimental effectiveness and organizational learning, overcoming cognitive biases, expanding the scope of experiments to strategy, organizational design, and people processes, and the possibility of the two streams to cross-feed: problem-solving to generate broad hypotheses that causal inference sharpens, and causal inference experiments to trigger reframing of the problem-solving experiments.
- All that he wants is another culture: diversity- and inclusion-oriented cultures create asymmetric stress outcomes by genderPublication . Gruda, Dritjon; Crowley-Henry, MarianPurpose: To investigate if diversity- and inclusion-oriented cultures (DIOCs) create asymmetric stress outcomes by gender, challenging the functionalist assumption that such cultures benefit all employees and revealing a potential occupational health paradox. Design/methodology/approach: This study employs a longitudinal, transition-based design using data from 1,441 US employees who moved between firms. We employ a multi-level fractional logit model with a lagged dependent variable to assess how changes in DIOC exposure affect linguistically measured stress, while accounting for baseline stress and the nested structure of employees within companies. Findings: Male employees who move to stronger DIOCs experience significant reductions in stress. Female employees show no improvement, indicating an occupational health paradox with asymmetric gendered outcomes. Research limitations/implications: Our results suggest that DIOCs may redistribute, rather than reduce, workplace stress, most likely due to an “inclusion tax” (i.e. a form of hidden emotional labor that women disproportionately bear). It extends the Job Demands-Resources model, showing that culture can be a resource for some but a demand for others, where assimilation to cultural norms is forced and invisible labor exacts a toll on subgroups (e.g. women). From an EDI perspective, these findings suggest that “occupational health peacocking”, where organizations signal inclusive values without equitable outcomes, may perpetuate rather than dismantle inequality regimes. Originality/value: This study provides novel longitudinal evidence of DIOCs' paradoxical stress effects. It introduces the concept of the “inclusion tax” to explain why diversity and inclusion efforts that do not alter the structural conditions that reproduce inequality may fail women, thereby adding critical nuance to the discourse on workplace inclusion and structural inequality.