Examinando por Autor "Sanchez de Lara, Miguel Angel"

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Explanatory factors for public transportation financing needs in Spain
(Journal of Advanced Transportation - Hindawi, 2019-06-20) Delgado Jalo, María Luisa; Sanchez de Lara, Miguel Angel; Gelashvili, Vera
Public transport financing in Spain has generated interest due to the absence of a governing regulatory framework. There is a need for rules that help allocate public subsidies to guarantee the system’s financial sustainability. Without explicit regulation, the current system for assigning and distributing public funding among Spanish cities has become unbalanced. Our goal is to identify the principal factors that explain why urban transport services in different cities require varying levels of public financing. Our results show that variables such as the “passengers,” “number of vehicles,” “number of employees,” “autonomous community deficit”, and “population density” are influencing factors for the needs of public subsidies.
Factoring, Leasing and Confirming for Entrepreneurs
(Springer Nature, 2023-06-30) Flores Ureba, Sandra; Plaza Casado, Paola; Sanchez de Lara, Miguel Angel; Gomez Ortega, Alba
The sources of financing selected to support and develop a business are a key element during the different stages of a company’s life. In this sense, in a com pany’s financial planning process, it is essential to determine its financing needs to achieve the company’s general objectives and, specifically, its financial objectives. In this chapter, factoring and leasing are studied as financial tools for a company’s cash management and as widely used sources of financing. Factoring is a combina tion of different services, ranging from risk hedging through collection and recov ery management to invoice portfolio control. Leasing is characterized by the fact that a party (the lessor) assigns the use and enjoyment of an asset through the pay ment of periodic installments that include the cost of the assignment plus interest and expenses. Some of their main advantages and disadvantages are presented, as well as the different types of factoring and leasing that can be found. Finally, a spe cific section is included on confirming as a supplier payment management system that allows the collection of invoices before the agreed due date (maturity date)
The urban transport companies in Spain: analysis of efficiency with data envelopment analysis
(Emerald, 2024-12-16) Flores Ureba, Sandra; Simón de Blas, Clara; Sanchez Toledano, Joaquín; Sanchez de Lara, Miguel Angel
Purpose – This paper aims to define the efficiency achieved by urban transport companies in Spain concerning the resources they use, considering the type of management used for implementation, public-private, and size. Design/methodology/approach – This study consisted of an analysis of the efficiency of 229 public-private urban transport operators during the period 2012–2021 using Data Envelopment Analysis, the Malmquist Index and inference estimators to determine productivity, efficiency change into Pure Technical Efficiency Change (PTECH), and scale efficiency change. Findings – Based on the efficiency analysis, the authors concluded that of the 229 companies studied, more than 35 were inefficient in all analysed periods. Considering the sample used, direct management is considered significantly more efficient. It cannot be concluded that the size of these companies influences their efficiency, as the data show unequal development behaviours in the studied years. Originality/value – This study provides arguments on whether there is a significant difference between the two types of management in the urban transport sector. It also includes firm size as a study variable, which has not been previously considered in other studies related to urban transport efficiency. Efficiency should be a crucial factor in determining funding allocation in this sector, as it encourages operators to optimize and improve their services.