Written by Marc Oliveras

Volume 5 – Issue 1

Written by Marc Oliveras

Article 4, Volume 5 Issue 1

A Binomial Model with Edgeworth Expansion on Particular Circumstances

Gaston Milanesi and Emilio El Alabi

DOI: 10.26595/eamr.2014.5.1.4

Abstract


Contexts with high volatility and extreme events condition the value of the firm, its tax savings and continuity. These conditions must be contemplated for the employed valuation model. In that sense, the present paper’ basis is the classic binomial model incorporating: a) firm contingent states of continuity or dissolution; b) tax saving valuation like a basket of real options, and c) extreme events by Edgeworth transformation. The paper structures in the following manner: first it develops the binomial function changed with the Edgeworth extension and the construction of implicit binomial lattice. Then it develops a valuation adapted to the binomial model with Edgeworth expansion that incorporates contingent tax savings, continuity or liquidation scenarios and cost of bankruptcy. With a hypothetical case it is illustrated its functioning, and comparing the results obtained between situations with kurtosis and skewness or normally. Finally the main conclusions are exposed.

Keywords


  • Contingent States
  • Real options
  • Tax Savings
  • Edgeworth Expansion

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Written by Marc Oliveras

Article 3, Volume 5 Issue 1

The European Perspective of the Labour Market for Graduates in Business Administration: The Spanish case.

Miguel de Aguilera, Mercedes Cancelo and José Daniel Barquero

DOI: 10.26595/eamr.2014.5.1.3

Abstract


In view of the economic situation of the European Union, a growing concern of graduates in business and social sciences is the phenomenon of finding a job and therefore, professional skills required by modern companies, short-, medium- and long-term causes and consequences of it.

This research can be a useful tool for students and professionals who are in the process of seeking their first opportunity or who have lost their job. Even for those executives who will decide to change their career path by facing day to day the challenge of selection processes. An objective that, in addition to the traditional interest that encloses in itself, has become one of the key current topics.

Among the immediate objectives of this study, there is an in-depth analysis of the students’ true professional objectives, in order to find out if they really meet the business world expectations. Collaboration and suitability between higher education and business requirements. Professional and university education should be more focused on today’s reality.

Keywords


  • Job
  • Vacancy
  • Administration and Business Management Degree
  • European Union
  • Public Relations
  • Communication

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Written by Marc Oliveras

Article 1, Volume 5 Issue 1

Mission Climate Measurement: a new validated scale

Marta Mas-Machuca 

Frederic Marimon

DOI: 10.26595/eamr.2014.5.1.1

Abstract


Despite the level of interest surrounding mission statements and their internalization in organizations, there is a lack of a valid construct to measure the sense of mission in organizational climate surveys. The aim of this exploratory study is to define and validate an instrument to assess the perception of the implementation of the mission in everyday routines. A sample of 132 employees from two companies completed the questionnaire to probe the scale’s reliability and validity. A principal components analyses (PCAs) were conducted, taking the three dimensions separately. Later,  a confirmatory analysis of the entire scale, which was a factor analysis using structural equation modelling (SEM) techniques, taking into accounts the three aforementioned dimensions. The scale is composed of ten items arranged in three dimensions: sensemaking of the mission, employee mission engagement, and organizational alignment. These scales provide clues to human resources managers about how to define and implement the mission to ensure that it will be interiorized by all members of the company. This new scale provides scholars with a comprehensive way to measure and assess the presence of the mission in the organizational climate and provides human resources managers with a useful kit to apply within their organizations.

Keywords


  • Climate
  • Mission statement
  • Sensemaking of the mission
  • Employee mission engagement
  • Organizational alignment

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Written by Marc Oliveras

Article 5, Volume 5 Issue 1

Supplier–customer negotiation model: the vendor receives a bonus for holding the inventory

Frederic Marimon

Jasmina Berbegal-Mirabent

DOI: 10.26595/eamr.2014.5.1.5

Abstract


This article proposes a model based on economic order quantity (EOQ) for the negotiation between supplier and customer when a benefit is derived to the supplier from taking responsibility for the inventory holding costs. In turn, the customer can afford a smaller batch size since the holding savings enable it to place a greater number of orders.

Taking the original situation in which the customer supports both holding and ordering cost as an initial point, the paper analyses the benefits for the supplier and customer in a new situation in which the supplier supports the holding of the inventory. The customer would agree to change to the new scenario due to the savings in the holding cost. The provider would also agree if a bonus is achieved as compensation for the investment in holding costs.

The model provides clues for a win-win negotiation between a supplier and a buyer.

Keywords


  • Inventory costs
  • Optimal batch
  • EOQ model
  • Inventory management model

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