2018 ISSUE 2

TÍTLE: MAXIMIZATION OF THE PROFITS THROUGH THE OPTIMAL MIX OF PRODUCTS
AUTHORS: Paula Beatriz MORALES BAÑUELOS, Jorge SMEKE ZWAIMAN, Luis HUERTA GARCÍA
ABSTRACT: When the plant of a company operates at its maximum capacity, or when the people who work in an entity that is dedicated to the provision of services are at the top in the amount of work; the administration of the company must establish priorities, analyzing the profitability by scarce resource of each one of the products and / or services; once the products and/or services have been identified in accordance with said meter, the service that provides the greatest profitability will be manufactured and/or provided, if the installed capacity is available to continue production, the second place will be elaborated, and so on until the scarce resource is exhausted. In the present study, several simulations were carried out, analyzing the results by applying the traditional model of allocation of indirect manufacturing expenses under one or more restrictions, the Theory of restrictions together with the Throughput Accounting; obtaining as a result in all cases that the cost based on activities with multiple restrictions is the one that provides the best possible result in contrast to the other models.
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TÍTLE: INTERNATIONALIZATION STRATEGY IN THE SPANISH BANKING SECTOR : THE BBVA CASE
AUTHORS: Alejandra ALBERO
ABSTRACT: In the present economic context which fosters economic globalization, the internationalization of the big financial institutions is a key factor to increase the integration of the different banking systems worldwide. For this reason, it is important to study which variables, both internal and external, influence the internationalization process. This paper describes the expansion strategy of the Spanish bank BBVA, where three stages are identified. The outcomes of this process is analysed, as well. The study shows how factors such as productivity and financial deregulation are determinant is the strategy’s selection. Furthermore, the diversification stage reached makes it possible to obtain new benefit sources and reduce the impact of financial crisis in both national and international markets.
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TÍTLE: THE DIFFICULTY OF APPLYING EXCLUSION CRITERIA IN ETHICAL PORTFOLIOS
AUTHORS: Iván ARRIBAS-FERNÁNDEZ, María Dolores ESPINÓS-VAÑÓ, Fernando GARCÍA
ABSTRACT: A main problem for socially responsible investors is deciding which companies should be included in their investment portfolio. Small investors may decide not to invest in companies they know are not behaving responsibly. Therefore, discredited companies will not be included in their portfolios, as they will understand those companies cannot be defined as ethical. To implement this procedure properly and apply it to big portfolios is a complex exercise which requires big amounts of information and the problems faced by investors applying such exclusion criteria to slect their portfolio.
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TÍTLE: IMPLEMENTATION OF AN ACTIVITY BASED COSTING SYSTEM
AUTHORS: Luis Oswaldo RODRÍGUEZ MANAY, Inmaculada GUAITA, Inmaculada MARQUÉS
ABSTRACT: Research has been presented on the application of activity-based cost (ABC) in the manufacturing and service industries in the agricultural sector, which examines recent advances in cost accounting methods with special reference to the application of cost based in methodological activities in the primary sector. Accordingly, this document proposes using a transparent, flexible, easy to apply and understand cost model; based on activities to calculate and manage production costs in companies.
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TÍTLE: RELATIONSHIP BETWEEN CROWDFUNDING AND MICROFINANCE: A THEORETICAL APPROACH
AUTHORS: Jesús Manuel de SANCHA-NAVARRO, Carlos SANCHÍS-PEDREGOSA, María Dolores OLIVER-ALFONSO
ABSTRACT: Crowdfunding is becoming an important tool to get funds for many projects thanks to web platforms that links funders and backers. Backers can get back from funders some return like equity capital, rewards, interest rates or nothing (donation). Recently, these Crowdfunding tools have been use by Microfinancial institutions to help people living in underdeveloped countries to improve their quality of life. Specially, these institutions have been using Donation Crowdfunding and Crowdlending tools. Moreover, we can establish that when Crowdfunding tools are dedicated to social integration, differences with Microfinance institution way to operate are not clear. In this paper, we try to set factors appearing in the academic literature relating both concepts. Results will help to find points of collaboration between them to get their owns objectives.
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