Persona: Herrador Alcaide, Teresa Carmen
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Herrador Alcaide
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Teresa Carmen
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Publicación Successful entrepreneurship, higher education and society: from business practice to academia(Nature, 2024-10-23) Sevilla Bernardo, J.; Herrador Alcaide, Teresa Carmen; Sánchez-Robles Rute, BlancaThis research explores the coverage of success factors for entrepreneurship in higher education through the lens of the actual practice in prosperous company launchings. Accordingly, the paper analyzes how universities prioritize the importance of the success factors in entrepreneurship identified by business practitioners. Through the text analysis of a set of syllabi of courses on entrepreneurship we find that the success factors underlined in the teaching-learning process are the idea, business model, CEO, finance, and marketing. The exploration of a collection of recent papers on entrepreneurship education suggests that the factors emphasized by researchers are CEO, social impact, team, and formation. We find differences in the teaching-learning and research spheres regarding the ranking of success factors. Teaching-learning focuses on more traditional aspects of entrepreneurship and firm management, associated with key functional areas in companies. Research, in contrast, emphasizes social and psychological aspects and pays more attention to recent trends in management, like gender, diversity, and social impact. This suggests that research enjoys more flexibility and capacity for quick adaptation to new trends and ideas in society than teaching. Our findings imply that the process of teaching-learning in entrepreneurship must strive to remain closer to the reality of firms to prioritize the transmission and development of knowledge and skills more in accord with business practice.Publicación Success factors of startups in research literature within the entrepreneurial ecosystem(MDPI, 2022-08-12) Sevilla Bernardo, Javier; Sánchez-Robles Rute, Blanca; Herrador Alcaide, Teresa CarmenWhat are the most important factors for the success of a startup? This study aims to shed light on this issue through the statistical analysis of a bibliographical sample of 60 recent articles. Through a detailed study of the selected literature, but from the perspective of business experience, we have identified the comparative relevance of those factors that recent research has highlighted as the main drivers of start-up success. Our analysis allows us to define a core of seven practical business success factors supported by the academic literature (Core-7 SF). This core makes it possible to identify the intersection between success in business practice and academic research. Our Core-7 SF shows that the most important variable to predict the success of a start-up is the Idea, followed by the CEO’s Leadership, the Business Model, the Marketing approach, and the Entrepreneurial Team. In addition, we found some differences between the geographic areas of affiliation of the authors, suggesting that cultural characteristics influence the weight given to the various reasons for success.Publicación CSR of stock markets companies and customers purchase intentions: An empirical analysis in Spain(Elsevier, 2024-05-06) Herrador Alcaide, Teresa Carmen; Topa Cantisano, Gabriela Elba; Juan José Fernández MuñozThis research explores the relationship between IBEX 35 Firms’ customers’ perceptions of CSR, their attributions of CSR activities, positive affect, and purchase intentions through two independent empirical studies. Study 1 (N= 560) explores the serial mediation of four types of attributions (value-driven, stakeholders-driven, strategic-driven, and egoistic-driven) in the relationships between CSR perceptions and Purchase intentions. Study 2 (N =831) explores the moderating role of positive affect on the relationships between CSR perceptions and purchase intentions mediated by attributions. Results indicate that customers’ perceptions of CSR positively influence their attributions of CSR to a company’s motives, which in turn positively influence their positive affect and purchase intentions. Positive affect was found to moderate the relationship between CSR attributions and purchase intentions. Findings highlight the importance of companies engaging in CSR activities to positively influence customers’ perceptions of the company’s motives, which can lead to increased positive affect and ultimately purchase intentions.Publicación Ensayos sobre investigación en innovación y experiencias docentes en economía, empresa y turismo(Universidad Nacional de Educación a Distancia (España). Editorial, 2018-11-01) Herrador Alcaide, Teresa Carmen; García Llamas, María del Carmen; Santamaría Lancho, MiguelLas universidades siguen siendo una palanca, por excelencia, para la elevación de la inclusión y la equidad social. Es precisamente por la educación, la formación y el entrenamiento a lo largo de la vida, que se puede realizar el tan deseado cambio social y contribuir así a una sociedad mejor y más inclusiva. La presencia de la clase en las redes sociales es también una cuestión abierta que merece un debate en profundidad, pues éste puede ser un mecanismo de estímulo fundamental para concretar una aproximación efectiva de los contenidos en línea a los efectivos intereses del estudiante.Publicación Efficiency of European oil companies: an empirical analysis(Springer Nature, 2022-11-12) Sánchez-Robles Rute, Blanca; Herrador Alcaide, Teresa Carmen; Hernández Solís, MontserratWe explore the efficiency in the oil industry employing a sample of around 300 companies operating in Europe over 2010–2019. We construct efficiency scores by means of DEA non-parametric techniques. Average efficiency in the sample is modest, 0.27, and decreasing over time. We examine the association of efficiency with economic and financial variables. Results suggest that size is closely associated to efficiency. Large (in the top 10th percentile of income) and very small firms are more efficient, ceteris paribus, whereas medium size and small firms exhibit lower levels of efficiency. Firms which have strived more to implement sustainable technologies and cut greenhouse emissions are more efficient too. Increases in employee costs and decreases in financial solvency jeopardize efficiency, which displays a positive correlation with economic activity and oil prices. As a robustness test, we have repeated the exercise by means of the Simar-Wilson methodology, which confirms our main results regarding efficiency levels and trends and correlations with other variables. Our findings suggest that an industry consolidation is foreseeable in the future.Publicación COVID-19 Vaccines, Healthcare Policies and Stock Markets: Are There Winners and Losers?(Taylor and Francis Group, 2023-05-24) Diaz, Ricardo F; Herrador Alcaide, Teresa Carmen; Sánchez-Robles Rute, BlancaPurpose: This paper focuses on the stock market performance of a set of biopharmaceutical companies listed in the US stock exchange in response to news about the unfolding of the COVID pandemic and the development of COVID-19 vaccines. Methods: We analyze the short-term impact of some episodes by means of event analysis. We consider two categories of events: news related to the expansion of the pandemic and information about the development of COVID-19 vaccines. Results: We find that the impact during the first months of the pandemic news impacted the returns of the pharmaceutical firms, but the effect was not large, in general. The only exceptions are two small biotechnological firms, Moderna and Novavax, are exceptions since they registered large positive abnormal returns, which vanished over time. Encouraging announcements about the success of Phase III results had a positive impact the share prices of Pfizer, Moderna and Novavax. Our results also suggest that the emergency authorization provided by the US regulatory agency to the Pfizer vaccine was anticipated several days in advance and welcomed by the market. The announcement of a deal to supply vaccines between Moderna and the European Commission have generated large positive returns for this company. Conclusion: Our findings have policy implications. First, financial markets have supported and reinforced government strategies to fight the pandemic, characterized by funding of promising projects, building diversified vaccine portfolios and expediting approvals by regulatory agencies. Second, our findings suggest that not all drug developers have automatically obtained large profits from the design and manufacturing of COVID-19 vaccines, according to the behaviour of stock prices. These results cast doubts over attempts to discredit the efficacy of COVID-19 vaccines with the argument that they are primarily a means to obtain large and quick profits by pharmaceuticals, or than vaccination campaigns are driven by economic goals rather than by public health considerations.