International Journal of Education, Economics and Development, 2019
Financial Education promotes individuals' material well-being in accordance with established scho... more Financial Education promotes individuals' material well-being in accordance with established school of thought (see Section 1). In order to contribute to a discussion of this conventional wisdom, we investigated BRICS countries, as their Bank Credit and Human Wealth enjoyed rapid growth during 2003 to 2014 period, and these emerging countries faced several social and economic challenges. Besides the gap in the literature, these are the reasons why BRICS countries were chosen. Our panel data regressions results indicated that Non-Performing Loan and Inflation were oriented towards Bank Credit and Consumption. According to literature (i) material well-being is derived from Consumption (i. e. established school of thought) and (ii) Financial Education efforts are in line with this conventional wisdom. Our combined qualitative analysis and quantitative research findings provided a new light on the Financial Education role. We suggested the material well-being in accordance with established school of thought offers a narrow understanding about how the variables we studied in empirical models should be interpreted (see Section 4). We advocate for an enlightening educative process that cooperates to the improvement of individual's discernment and understanding about this interpretation.
This report presents the findings of a sectoral exploratory study that was developed in the fashi... more This report presents the findings of a sectoral exploratory study that was developed in the fashion retail sector. The main objective of the project was to provide the parent project NEMODE with a perspective of new business model developments and improvements that emerged in the fashion retail sector through developments in the digital economy. The report points out example cases showing business model innovations in the sector, the core functionalities the models implement and key digital technologies and platforms enabling the core functionalities of the business models.
Uma importante atividade econômica em qualquer sociedade diz respeito à comercialização de bens. ... more Uma importante atividade econômica em qualquer sociedade diz respeito à comercialização de bens. O varejo consiste exatamente no vínculo que se estabelece entre a indústria e o consumidor final. Prever as vendas é essencial para que se possa gerenciar de modo adequado os processos produtivos e de comercialização. No varejo esse aspecto reveste-se de importância ainda maior. Vender significa harmonizar os interesses dos que produzem com aqueles que compram. Portanto, o presente trabalho tem por propósito examinar comparativamente a aplicação de dois métodos de previsão de vendas de varejo no mercado brasileiro: as séries temporais e as redes neurais. A escolha dessas duas técnicas como objeto dessa comparação foi suscitada pela importância que essas duas concepções têm assumido na literatura. Embora a utilização de redes neurais tenha proporcionado a menor soma dos quadrados dos resíduos, pode-se dizer que os resultados empregando modelos do tipo ARIMA se mostraram praticamente equiv...
ABSTRACT Purpose – The purpose of this paper is to investigate the impact of ISO 9000 certificati... more ABSTRACT Purpose – The purpose of this paper is to investigate the impact of ISO 9000 certification on three dimensions of firm performance that are theoretically derived to have a relationship with the adoption of ISO 9000 standards, namely, sales revenue, cost of goods sold/sales revenue, and the asset turnover ratio (sales/total assets). Design/methodology/approach – Employing a panel data approach covering all publicly traded companies in Brazil that had adopted the ISO 9000 standards from 1995 to 2006, the authors investigate the impact of the certification on firm performance using three categories of economic regression models: the pooling of cutting data with ordinary least squares, the fixed effects and the random effects. Findings – ISO 9000 certification is found to be associated with an increase in sales revenues, decrease in cost of goods sold/sales revenue and increase in the asset turnover ratios of the certified firms. Research limitations/implications – The research findings suggest that companies large or small, irrespective of their capital structure (i.e. debt/equity) and cutting across industries will benefit from the adoption of ISO 9000 standards. However, the extent to which firms benefit from such adoption is likely to vary. Moreover, the generalizability of the research findings is limited by the size of the sample. Originality/value – The paper's chief contribution lies in the validation of the signaling theory in the context of business organizations and extending the domain of research on this topic to emerging markets generally.
International Journal of Commerce and Management, 2010
... Claudio Felisoni de Angelo, FEA (School of Economics and Administration), Universidade de São... more ... Claudio Felisoni de Angelo, FEA (School of Economics and Administration), Universidade de São Paulo, São Paulo, Brazil. ... Where a host country environment is perceived more risky, Buckley and Casson's (1981, 1999) internalization theory predicts that multi-national firms ...
The demand for passengers is a leading source of risk for projects related t... more The demand for passengers is a leading source of risk for projects related to transportation in subways and railroad. Thus, its measurement and forecasting are essential to the planning and execution of the subway opera tional activities. This article was based on a descriptive and quantitative research, where the macroeconomic indicators of the GDP and the Unemployment Rate of São Paulo metropolitan area were used as independent variables in order to explain the passengers demand volume of Line 3 - Red Line of the São Paulo Subway. Line 3 (Red Line) was chosen due to its long history of records from 1989 until the present day. The regression model was constructed through the robust OLS – (Ordinary Least Squares), showing that 93.6% of the variations in the passengers demand volume are explained by the GDP and the unemployment rate. The GDP coefficient in the regression model reveals a direct relationship with the demand for passengers. The unemployment rate, in turn, has a negative influence with such demand.
International Journal of Education, Economics and Development, 2019
Financial Education promotes individuals' material well-being in accordance with established scho... more Financial Education promotes individuals' material well-being in accordance with established school of thought (see Section 1). In order to contribute to a discussion of this conventional wisdom, we investigated BRICS countries, as their Bank Credit and Human Wealth enjoyed rapid growth during 2003 to 2014 period, and these emerging countries faced several social and economic challenges. Besides the gap in the literature, these are the reasons why BRICS countries were chosen. Our panel data regressions results indicated that Non-Performing Loan and Inflation were oriented towards Bank Credit and Consumption. According to literature (i) material well-being is derived from Consumption (i. e. established school of thought) and (ii) Financial Education efforts are in line with this conventional wisdom. Our combined qualitative analysis and quantitative research findings provided a new light on the Financial Education role. We suggested the material well-being in accordance with established school of thought offers a narrow understanding about how the variables we studied in empirical models should be interpreted (see Section 4). We advocate for an enlightening educative process that cooperates to the improvement of individual's discernment and understanding about this interpretation.
This report presents the findings of a sectoral exploratory study that was developed in the fashi... more This report presents the findings of a sectoral exploratory study that was developed in the fashion retail sector. The main objective of the project was to provide the parent project NEMODE with a perspective of new business model developments and improvements that emerged in the fashion retail sector through developments in the digital economy. The report points out example cases showing business model innovations in the sector, the core functionalities the models implement and key digital technologies and platforms enabling the core functionalities of the business models.
Uma importante atividade econômica em qualquer sociedade diz respeito à comercialização de bens. ... more Uma importante atividade econômica em qualquer sociedade diz respeito à comercialização de bens. O varejo consiste exatamente no vínculo que se estabelece entre a indústria e o consumidor final. Prever as vendas é essencial para que se possa gerenciar de modo adequado os processos produtivos e de comercialização. No varejo esse aspecto reveste-se de importância ainda maior. Vender significa harmonizar os interesses dos que produzem com aqueles que compram. Portanto, o presente trabalho tem por propósito examinar comparativamente a aplicação de dois métodos de previsão de vendas de varejo no mercado brasileiro: as séries temporais e as redes neurais. A escolha dessas duas técnicas como objeto dessa comparação foi suscitada pela importância que essas duas concepções têm assumido na literatura. Embora a utilização de redes neurais tenha proporcionado a menor soma dos quadrados dos resíduos, pode-se dizer que os resultados empregando modelos do tipo ARIMA se mostraram praticamente equiv...
ABSTRACT Purpose – The purpose of this paper is to investigate the impact of ISO 9000 certificati... more ABSTRACT Purpose – The purpose of this paper is to investigate the impact of ISO 9000 certification on three dimensions of firm performance that are theoretically derived to have a relationship with the adoption of ISO 9000 standards, namely, sales revenue, cost of goods sold/sales revenue, and the asset turnover ratio (sales/total assets). Design/methodology/approach – Employing a panel data approach covering all publicly traded companies in Brazil that had adopted the ISO 9000 standards from 1995 to 2006, the authors investigate the impact of the certification on firm performance using three categories of economic regression models: the pooling of cutting data with ordinary least squares, the fixed effects and the random effects. Findings – ISO 9000 certification is found to be associated with an increase in sales revenues, decrease in cost of goods sold/sales revenue and increase in the asset turnover ratios of the certified firms. Research limitations/implications – The research findings suggest that companies large or small, irrespective of their capital structure (i.e. debt/equity) and cutting across industries will benefit from the adoption of ISO 9000 standards. However, the extent to which firms benefit from such adoption is likely to vary. Moreover, the generalizability of the research findings is limited by the size of the sample. Originality/value – The paper's chief contribution lies in the validation of the signaling theory in the context of business organizations and extending the domain of research on this topic to emerging markets generally.
International Journal of Commerce and Management, 2010
... Claudio Felisoni de Angelo, FEA (School of Economics and Administration), Universidade de São... more ... Claudio Felisoni de Angelo, FEA (School of Economics and Administration), Universidade de São Paulo, São Paulo, Brazil. ... Where a host country environment is perceived more risky, Buckley and Casson's (1981, 1999) internalization theory predicts that multi-national firms ...
The demand for passengers is a leading source of risk for projects related t... more The demand for passengers is a leading source of risk for projects related to transportation in subways and railroad. Thus, its measurement and forecasting are essential to the planning and execution of the subway opera tional activities. This article was based on a descriptive and quantitative research, where the macroeconomic indicators of the GDP and the Unemployment Rate of São Paulo metropolitan area were used as independent variables in order to explain the passengers demand volume of Line 3 - Red Line of the São Paulo Subway. Line 3 (Red Line) was chosen due to its long history of records from 1989 until the present day. The regression model was constructed through the robust OLS – (Ordinary Least Squares), showing that 93.6% of the variations in the passengers demand volume are explained by the GDP and the unemployment rate. The GDP coefficient in the regression model reveals a direct relationship with the demand for passengers. The unemployment rate, in turn, has a negative influence with such demand.
Uploads
Papers by Nuno Fouto
Keywords: cognition, economy, finance, mixed methods, qualitative research, regression analyses
essential to the planning and execution of the subway opera
tional activities. This article was based on a descriptive and quantitative research, where the macroeconomic
indicators of the GDP and the Unemployment Rate of São Paulo metropolitan area were used as independent variables in order to explain the passengers demand volume
of Line 3 - Red Line of the São Paulo Subway. Line 3 (Red Line) was chosen due to its long history of records from 1989 until the present day. The regression model was
constructed through the robust OLS – (Ordinary Least Squares), showing that 93.6% of the variations in the passengers demand volume are explained by the GDP and the unemployment rate. The GDP coefficient in the regression model reveals a direct relationship with the demand for passengers. The unemployment rate, in turn, has a negative influence with such demand.
Keywords: cognition, economy, finance, mixed methods, qualitative research, regression analyses
essential to the planning and execution of the subway opera
tional activities. This article was based on a descriptive and quantitative research, where the macroeconomic
indicators of the GDP and the Unemployment Rate of São Paulo metropolitan area were used as independent variables in order to explain the passengers demand volume
of Line 3 - Red Line of the São Paulo Subway. Line 3 (Red Line) was chosen due to its long history of records from 1989 until the present day. The regression model was
constructed through the robust OLS – (Ordinary Least Squares), showing that 93.6% of the variations in the passengers demand volume are explained by the GDP and the unemployment rate. The GDP coefficient in the regression model reveals a direct relationship with the demand for passengers. The unemployment rate, in turn, has a negative influence with such demand.