Examinando por Autor "Escamilla-Solano, Sandra"

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Análisis de la divulgación de la información sobre la responsabilidad social corporativa en las empresas de transporte público urbano en España
(Elsevier, 2016-07) Escamilla-Solano, Sandra; Plaza-Casado, Paola; Flores-Ureba, Sandra
El hecho novedoso de contemplar la responsabilidad social empresarial como parte de la estrategia corporativa de las empresas pone de manifiesto la importancia de que esta sea conocida por todos los grupos de interés. Dados los últimos pasos a nivel gubernamental sobre la transparencia, aspecto muy demandado por la sociedad, se considera necesario realizar una primera aproximación sobre el estudio de las empresas de transporte público urbano en este campo por el impacto que genera su actividad en términos PIB y en el desarrollo sostenible de las ciudades donde operan. El objetivo de este trabajo es observar si las empresas de transporte público urbano divulgan información sobre responsabilidad social empresarial. Para ello, se analizan las páginas web de las 17 empresas de transporte público urbano de titularidad pública mediante la utilización del análisis de contenidos. La investigación ha puesto de manifiesto que la información sobre responsabilidad social empresarial que ofrecen es escasa, siendo las acciones medioambientales las más contempladas. Considerándose que el nivel de implantación es bajo o nulo, dado que solo el 23,53% de las empresas contemplan de 14 a 27 ítems analizados.
Corporate social responsibility disclosure: Mediating effects of the economic dimension on firm performance
(Wiley, 2023) Escamilla-Solano, Sandra; Fernández-Portillo, Antonio; Sánchez-Escobedo, Mari Cruz; Orden-Cruz, Carmen
This research aims to determine the effect of corporate social responsibility (CSR)disclosure on the firm performance (FP) of Spanish-listed companies considering themediation produced by the economic dimension. Using their sustainability reports,partial least squares structural equation modeling is employed for a content analysis.This study provides evidence on the mediating role of the disclosure of economicdimension practices and the intensity shown in the relationships between social andenvironmental dimensions and FP, allowing for a deeper understanding of the rela-tionships between the various CSR dimensions. Findings show that the disclosure ofsocial and environmental actions, aligned with appropriate standards in the economicdimension, can lead to an improvement in the FP of the company.
Disclosure of gender policies: do they affect business performance?
(Elsevier, 2022-01-14) Escamilla-Solano, Sandra; Paule-Vianez, Jessica; Blanco-González, Alicia
Disclosure of gender equality policies and their effect on business profitability is a relevant area of research due to the existence of a gap in the academic literature and the need to decrease the gender gap in companies (5th Sustainable Development Goal of the United Nations). To demonstrate the effect of disclosure of gender policies on business profitability, this study analyses the Social Responsibility Reports of 91 companies listed on the Spanish stock exchange for the period 2016–2018. Information on gender equality policies is extracted by using the content analysis technique. A positive association between disclosure of gender equality policies and the accounting profitability obtained by companies is confirmed by applying a panel data approach. Therefore, this research confirms that it is not only necessary to reduce inequalities, but it also has positive financial effects for companies and is a source of competitive advantage. The findings obtained have significant implications for business management.
Effect of the Disclosure of Corporate Social Responsibility on Business Profitability. A Dimensional Analysis in the Spanish Stock Market
(MDPI, 2019) Escamilla-Solano, Sandra; Fernández-Portillo, Antonio; Paule-Vianez, Jessica; Plaza-Casado, Paola
In recent decades, the novel fact of considering corporate social responsibility (CSR) as part of the corporate strategy of companies has resulted in interest groups demanding the disclosure of such information. Likewise, considering their importance of transparency and governance today, it is necessary to make an approximation on the study of the divulgation of CSR information on companies listed on the Spanish stock market. The aim of this work is to determine whether the disclosure of the measures taken by the companies on CSR influences business profitability. Applying PLS-SEM on the information extracted from the sustainability reports of 103 companies listed on the Spanish continuous market, it is found that the disclosure of CSR measures improves business profitability in its social and economic dimensions, with no e ect being found between the disclosure CSR in its environmental dimension on business profitability.
Fear of COVID-19 Effect on Stock Markets. A Proposal for an Algorithmic Trading System Based on Fear
(MDPI, 2023-06-12) Paule-Vianez, Jessica; Orden-Cruz, Carmen; Gómez-Martínez, Raúl; Escamilla-Solano, Sandra
This study analyzes the fear of COVID-19 effect on European stock market returns. For this purpose, the search volumes (SV) collected by Google Trends (GT) and Wikipedia were used as proxies of fear of COVID-19. In a sample from 13 European stock markets, fear of COVID-19 was found to be associated with negative European stock returns. Our research employed this observation to propose an algorithmic trading system based on fear of COVID-19. Back-testing results show the possibility of extraordinary returns based on this system. These findings have important implications for political authorities, the mass media, and investors.
Influence of COVID-induced fear on sovereign bond yield
(Taylor & Francis, 2021-06-07) Paule-Vianez, Jessica; Orden-Cruz, Carmen; Escamilla-Solano, Sandra
There is limited literature exploring the relationship between the sentiment of fear and bond markets. This study analyzes the influence of fear generated by the coronavirus on bond markets, particularly on the yield of sovereign bond debt issued by the G7 countries (Germany, Canada, the United States, France, Italy, Japan, and the United Kingdom). To accomplish this, search volumes compiled by Google Trends on the topic of coronavirus were used as a proxy for COVID-induced fear. The results from applying a panel data approach for the period from 1 January 2020 to 30 December 2020, show that this fear positively impacts the 10-year sovereign bond yield. We show that a one-point increase in COVID-induced fear was associated with an increase in the weekly change in the sovereign bond yield of around 0.0007%. Thus, we found that COVID-induced fear was associated with an increase in country risk perception. These findings have important implications for policymakers by demonstrating the importance of searching a balance between health concerns and impacts on the economy to avoid increasing country risk. In addition, the results obtained show that in times of greater fear of the coronavirus, investors can obtain higher returns by investing in safe assets, such as sovereign bonds.
Managing Perceived Legitimacy in Uncertain Times: The Effects of Long-Covid
(Archivo Digital de la URL, 2023) Miotto, Giorgia; Blanco-González, Alicia; Paule-Vianez, Jessica; Escamilla-Solano, Sandra
Uncertainty and unpredictability are the main characteristics of a crisis: the Covid-19 pandemic was definitely characterised by these two issues. During the Covid-19 pandemic, people experienced a very high level of fear that affected their behaviour in several dimensions of their lives, including their buying habits. Retailing was one of the most affected industries due to government health regulations and people’s fears and emotions. In such tumultuous times, organizational legitimacy plays a crucial role since consumers tend to interact with legitimate organizations, avoiding companies that are not fulfilling their expectations and are not aligned with the accepted social norms. The objective of this research is to understand how uncertainty and crisis may affect consumer behaviour taking into account their emotional conditioning. Specifically, we measured the impact on three different groups of people based on their relationship with the virus: those infected, those uninfected, and those with long-Covid sequelae. We conducted an empirical study in June 2022 on a sample of 515 individuals from the above groups. Our findings revealed that the effects of risk perception and legitimacy are significantly different and that these factors affect individuals purchase intention. The research findings contribute to consumer behaviour theories and offer practical insights for marketing professionals and policymakers in crisis situations.
Scientific evolution of Corporate Social Responsibility. A bibliometric analysis with mapping analysis tools
(Scielo, 2023-03-13) Escamilla-Solano, Sandra; Paule-Vianez, Jessica; Plaza-Casado, Paola; Díaz-Iglesias, Susana
When the term Corporate Social Responsibility (CSR) is heard today, a multitude of concepts such as Corporate Social Responsibility, Social Responsibility, Sustainable Development or Sustainability comes to mind where, without losing the essence of what its implementation entails, it implies not the existence of a consensus that unifies everything into a theory. The objective of this study is to obtain a better understanding of the current situation and trends in this area of research. Thus, in this paper, bibliometrics is used to evaluate performance and productivity in CSR, and scientific maps to extract and classify the most important research topics in this area. The results obtained when analyzing the period 1978-2017 show the conceptual evolution of CSR research, demonstrating the growth potential of CSR, as well as its great development, being the main thematic areas identified: Financial Performance, Corporate Reputation, Ethics, Consumers, Employees and Risk.
The effect of Economic Policy Uncertainty on the Spanish bond yield
(Universidad Camilo José Cela, 2021) Paule-Vianez, Jessica; Escamilla-Solano, Sandra; Martínez-Navalón, Juan Gabriel
Economic Policy Uncertainty has been given particular attention since the financial crisis in 2007. This paper studies the influence of Economic Policy Uncertainty on the Spanish 10-year bond yield. Under the assumption that the yield on public debt is a representative factor of the health of an economy, reflecting the confidence of a country´s investors, the uncertainty generated by fiscal, regulatory and monetary policy-makers should affect investors´ confidence and, therefore, shows tangible effects on the yields of these bonds. By using a sample from January 2001 to May 2020, it can be seen that Economic Policy Uncertainty has positive and significant impacts on the profitability of the Spanish bond, showing that a country´s Economic Policy Uncertainty reduces its investors´ confidence in the economy, leading to a demand for greater profitability to compensate for the perceived risk. The findings show the need for greater control of Economic Policy Uncertainty to avoid its consequences on the economy.
What Have We Learned From COVID-19 in Business and Management and What Are the Future Challenges?
(SAGE, 2023-08-07) Escamilla-Solano, Sandra; Díez-Martín, Francisco; Blanco-González, Alicia; Fernández-de-las-Peñas, César
The COVID-19 pandemic has created a number of business challenges that have highlighted latent business problems. In the search for solutions, academics have produced over 3,000 research articles in the field of business and management research. This research focuses on what we have learned from COVID-19 in business and management and on the future challenges for researchers. To outline the research that has been generated on the impact of COVID-19 on companies, we developed a bibliometric analysis to describe the intellectual structure of the field, identifying the main challenges for companies (Supply Chain, Consumer Behavior, SMEs, Stock Market, Tourism, ICTs, Work Stress, Cyberchondria, Education, Social Challenge, Teleworking); the ways in which scholars are developing solutions to these challenges; the main sources of knowledge in the area; and the future research challenges.