Jagolinzer, Alan D.; Larcker, David F.; Ormazábal, Gaizka; Taylor, D.J.
At the height of the financial crisis, just days before the U.S. government's multibillion-dollar bailout, trading among banking executives with ties to industry regulators suggests they benefited from their political connections. So finds new research by IESE's Gaizka Ormazabal and co-authors, which paints an unsettling picture of an occasionally unlevel playing field.
Weber, Eric; Ariño, Miguel Angel; Tort-Martorell, Pedro; Puigferrat, Ricard
According to a study of business trends in Spain from 2007 to 2014, small and medium-sized companies saw their revenues drop by a third while large corporations emerged from the crisis almost unscathed. Furthermore, the primary sector was the only area that didn't suffer job losses over this period. Despite signs of recovery, Spain's unemployment problem has yet to be resolved.
Institutional changes related to risk oversight since the global financial crisis have increased the cost of serving on boards. This article describes how companies are responding to the higher demand for board involvement in risk management, especially as U.S. trends are coming to Europe.
Graupera, Susana; Pin Arboledas, José Ramón
The role of the lead independent director, which is meant to curb excessive CEO power, is now a reality for the boards of 74 percent of the IBEX 35 -- the 35 most prominent public companies in Spain. In addition, corporate boards tend to have fewer seats and more of them are occupied by women, according to the 11th annual report on the general meetings of shareholders of IBEX 35 companies.
Villanueva, Julián; Segarra, José Antonio; Ferrer, Iciar
How can you optimize the price of a product or service? Julián Villanueva, José Antonio Segarra and Iciar Ferrer outline the variables to keep in mind and explain how to tailor your pricing policy. For starters, remember that most buying decisions are far from rational, as they are influenced by certain psychological factors.
Pereira, Fernando; Grandes, Mª Jesús
Is it hard to understand what your CFO is saying through all the jargon? There's a book for that. In their updated guide to management and financial accounting, IESE professors Fernando Pereira and María Jesús Grandes provide tips for handling accounting business decisions safely and confidently.
Andreu i Civit, Rafael; Riverola, Josep; Rosanas, Josep Maria; de Santiago, Rafael
Simulation models can help managers understand the bottom-line impact of complex business decisions, taking interdependencies and a dose of randomness into account. But what about corporate goals that go beyond maximizing profits? What about learning and positive social impact? Four IESE professors present a model to look at learning and capability-building in firms.
There are three main reasons for the shortage of resources faced by many SMEs: financial expectations not adjusted to actual results; the tensions of growth; and poor financial management. This article explores the most common problems and strategies for dealing with them.
Aranda, C.; Arellano, J.; Dávila, Antonio
In theory, targets should help motivate employees. But assigning ever-more-ambitious targets in response to positive results can be counterproductive. IESE's Tony Dávila and co-authors study target setting in a large company with hundreds of branches and find that target setting works best when it takes into account the performance of other employees in similar roles.
Pin Arboledas, José Ramón; Vilanova, Núria; Graupera, Susana
Spain's IBEX 35 companies have boards that increasingly conform to the Unified Good Governance Code's recommendations in both size and composition. Yet the 10th annual report from the Forum on Good Governance and Shareholders shows that female representation on boards is far below the European Commission's target for 2020.