Template-Type: ReDIF-Article 1.0 Author-name: Eduardo Sandoval Title: DEVELOPED STOCK MARKETS PERFORMANCE DURING THE GREEK CRISIS, DESEMPENO DE LOS MERCADOS ACCIONARIOS DESARROLLADOS DURANTE LA CRISIS GRIEGA Abstract: This paper investigates empirically the performance of developed stock markets (according to the classification of MSCI) during the recent crisis in Greece, which started in early October 2009. Performance is measured by Jensen's alpha. An international version of the CAPM is used as the equilibrium model, while the World Index is used as the benchmark portfolio for investors. The results show that stock markets in Italy, Spain and Greece were the most exposed to value destruction during the crisis period. By contrast, the U.S. stock market had superior performance while the markets of Canada, the Pacific area and Israel do not present a risk-adjusted performance statistically different from that shown by the World Index. We conclude that eurozone countries with excessive public debt to GDP should be able to create the spaces for a greater fiscal discipline and provide incentives to private sector with the objective to generate greater economic productivity to overcome this kind of crisis which negatively have affected to other European stock markets regardless of their size. Classification-JEL: G11, G15 Keywords: Crisis of Greece, Jensen’s Alpha Journal: Revista Internacional Administraction and Finanzas Pages: 1-13 Volume: 6 Issue: 3 Year: 2013 File-URL: http://www.theibfr2.com/RePEc/ibf/riafin/riaf-v6n3-2013/RIAF-V6N3-2013-1.pdf File-Format: Application/pdf Handle: RePEc:ibf:riafin:v:6:y:2013:i:3:p:1-13 Template-Type: ReDIF-Article 1.0 Author-name: Luis Alfredo Arguelles Ma Author-name: Roman Alberto Quijano Garcia Author-name: Mario Javier Fajardo Author-name: Deneb Eli Magana Medina Title: SUPERVISION, IMPACT ON THE FINANCIAL PROFITABILITY OF PYMES. MANUFACTURING SECTOR, LA SUPERVISION, SU IMPACTO EN LA RENTABILIDAD FINANCIERA DE LAS PYMES: SECTOR MANUFACTURERO Abstract: This paper presents descriptive and correlational research, qualitative and quantitative, carried out in eleven small and medium enterprises in the manufacturing sector, San Francisco de Campeche, Campeche, Mexico. The paper addresses financial profitability as it relates to monitoring generated from the perspective of internal control in organizations. A large number of operations closed institutions, getting no expected financial results. The literature suggests a lack of supervision, based on efficient and reliable systems. The purpose is to provide employers a guide of elements to make good decisions. We investigated the most significant aspects of supervision, that impact profitability. We identifying those variables that best explain the relationship between financial profitability and monitoring. The result shows a negative association between the two, explains that the higher investment in monitoring, lower profitability, by contrast, and is lower, improve financial results. Proving to be reliable to predict financial profitability of pymes, taking as support the monitoring, and promoting its growth. Classification-JEL: M21 Keywords: Supervision, Financial Profitability, Pymes Journal: Revista Internacional Administraction and Finanzas Pages: 15-27 Volume: 6 Issue: 3 Year: 2013 File-URL: http://www.theibfr2.com/RePEc/ibf/riafin/riaf-v6n3-2013/RIAF-V6N3-2013-2.pdf File-Format: Application/pdf Handle: RePEc:ibf:riafin:v:6:y:2013:i:3:p:15-27 Template-Type: ReDIF-Article 1.0 Author-name: Ernesto Geovani Figueroa Gonzalez Author-name: Flor Isela Hernandez Cantu Author-name: Maria Brenda Gonzalez Herrera Author-name: Delia Arrieta Diaz Title: ELECTRONIC COMMERCE AS A COMPETITIVE FACTOR IN MICRO-, SMALL-, AND MID-SIZED COMPANIES OF THE COMMERCIAL SECTOR IN THE STATE OF DURANGO, COMERCIO ELECTRONICO COMO FACTOR COMPETITIVO EN LAS MICRO, PEQUENAS Y MEDIANAS EMPRESAS DEL SECTOR COMERCIAL EN EL ESTADO DE DURANGO Abstract: The objective of this study is to analyze electronic commerce as a competitive factor for micro-, small-, and mid-sized companies, in the commercial sector in the State of Durango. To achieve the objective, interviews with business owners of this sector were developed to gather the necessary information to obtain an outlook of the situation. We examine electronic commerce to determine if it is a competitive factor for the MIPyMES. During the research we found that electronic commerce is seldom applied among MIPyMES. Lines of investigation were projected that aim to stimulate specific aspects for electronic commerce, with the goal of providing effective application, so that MIPyMES, are in a position to have a competitive advantages for their development. Classification-JEL: M15 Keywords: electronic commerce, competitive factor, MIPyMES Journal: Revista Internacional Administraction and Finanzas Pages: 29-44 Volume: 6 Issue: 3 Year: 2013 File-URL: http://www.theibfr2.com/RePEc/ibf/riafin/riaf-v6n3-2013/RIAF-V6N3-2013-3.pdf File-Format: Application/pdf Handle: RePEc:ibf:riafin:v:6:y:2013:i:3:p:29-44 Template-Type: ReDIF-Article 1.0 Author-name: Isabel Adriana Escobedo Fuentes Author-name: Sheila Delhumeau Rivera Author-name: Andrea Spears Kirkand Title: PERFORMANCE INDICATORS AND USER PERCEPTION. REFLECTIONS ON THE CASE OF PUBLIC SECURITY IN ENSENADA, BAJA CALIFORNIA,INDICADORES DE DESEMPENO Y PERCEPCION CIUDADANA. REFLEXIONES SOBRE EL CASO DE SEGURIDAD PUBLICA EN ENSENADA, BAJA CALIFORNIA Abstract: Adaptation to change constitutes one of the most valuable qualities utilized by the private sector in order to subsist. However, this quality is not exclusive to the private sector; public administration has been affected by the same necessity. Government authorities have conducted benchmarking exercises with the private sector to adapt traditional managerial practices to more revolutionary strategies, which has given rise to what is now known as New Public Management. The use of performance indicators, as a measure of control, constitutes one of the new strategies used by government officials to determine compliance with standards established in their plans and programs. In this study, we present the case of the Municipal Department of Public Security of Ensenada, Baja California, and analyze the pertinence of the current instrument based on performance indicators, which is used to determine compliance. In order to determine the effectiveness of the system, we compare results obtained from a government-designed survey with those obtained from an instrument designed in this study to measure user perception. We conclude that the results obtained by the government agency do not accurately reflect user perception. Classification-JEL: M48, R50, Z18 Keywords: Public Management, Performance Indicators, User Perception Journal: Revista Internacional Administraction and Finanzas Pages: 45-58 Volume: 6 Issue: 3 Year: 2013 File-URL: http://www.theibfr2.com/RePEc/ibf/riafin/riaf-v6n3-2013/RIAF-V6N3-2013-4.pdf File-Format: Application/pdf Handle: RePEc:ibf:riafin:v:6:y:2013:i:3:p:45-58 Template-Type: ReDIF-Article 1.0 Author-name: Ma. Luisa Leal Garcia Author-name: Monica Maria Munoz Cornejo Author-name: Arturo Castaneda Olalde Title: HEALTH-DISEASE PROCESS (PHYSICAL AND MENTAL) WORKERS IN AN AUTO PARTS COMPANY, PROCESOS DE SALUD-ENFERMEDAD (FISICA Y MENTAL) DE LOS TRABAJADORES EN UNA EMPRESA DE AUTOPARTES Abstract: The study shows the implications for physical and mental health workers from exposure to certain conditions (risks and demand) in an important company in Mexico, dedicated to the manufacture of auto parts. It describes the working process of the company and the new administrative models under organized labor activity. The study was conducted was observational, transversal and analytical, which took into consideration several factors or variables of the work process with possible relation physical and mental damage. The results describe the health and safety conditions of the workplace, the risk profile and requirements, the pathological profile and the risk map. Finally, we propose alternative interventions that improve or modify the conditions of work and thus the health of workers. Classification-JEL: J28 Keywords: Health and Disease Processes, Physical-Mental, Workers Journal: Revista Internacional Administraction and Finanzas Pages: 59-70 Volume: 6 Issue: 3 Year: 2013 File-URL: http://www.theibfr2.com/RePEc/ibf/riafin/riaf-v6n3-2013/RIAF-V6N3-2013-5.pdf File-Format: Application/pdf Handle: RePEc:ibf:riafin:v:6:y:2013:i:3:p:59-70 Template-Type: ReDIF-Article 1.0 Author-name: Rafaela Martinez Mendez Author-name: Maria Antonieta Monserrat Vera Munoz Author-name: Jose Gerardo Serafin Vera Munoz Title: THE ORGANIZATIONAL STRUCTURE IN THE SMALL CONSTRUCTION COMPANIES OF PUEBLA, MEXICO, LA ESTRUCTURA ORGANIZACIONAL EN LAS PEQUENAS EMPRESAS CONSTRUCTORAS DE PUEBLA, MEXICO Abstract: In this research an analysis is presented of how small construction companies are structured from an organizational stance in the State of Puebla, Mexico. To identify their complexity, centralization and formally several authors who are involved in this issue were taken into consideration as theoretical support. Later some elements were taken into account by means of the application of a questionnaire to a sample of 44 small construction companies. The focus of this research is to determine the type of organizational structure used in those companies. Therefore, the research question is: How is the organizational structure that prevails in small construction companies in Puebla, Mexico? Classification-JEL: L10, L74, M1, M10 Keywords: Structure, Complexity, Centralization, Formality, Small Construction Company Journal: Revista Internacional Administraction and Finanzas Pages: 71-83 Volume: 6 Issue: 3 Year: 2013 File-URL: http://www.theibfr2.com/RePEc/ibf/riafin/riaf-v6n3-2013/RIAF-V6N3-2013-6.pdf File-Format: Application/pdf Handle: RePEc:ibf:riafin:v:6:y:2013:i:3:p:71-83 Template-Type: ReDIF-Article 1.0 Author-name: Emma Vanessa Casas Medina Author-name: Luis Enrique Ibarra Morales Title: GROWING IMPACT ANALYSIS OF PYMES DEVELOPED UNDER A BUSINESS INCUBATION SCHEME: A CASE STUDY, ANALISIS DEL IMPACTO DE CRECIMIENTO EN LAS PYMES QUE SE DESARROLLARON BAJO UN ESQUEMA DE INCUBACION: CASO DE ESTUDIO Abstract: This investigation analyzes the growth of small companies which were involved in a business incubation scheme. We use a descriptive design, including participation of 44 incubated companies in a Business Incubation Program Empreser, at Hermosillo, Sonora in the year 2010, and the same number of companies not included in the program. We find the main growth development indicators (SEBRAE) are organization, position, and innovation in activities. Classification-JEL: M10 Keywords: Pymes, Competing, Business Incubator Journal: Revista Internacional Administraction and Finanzas Pages: 85-94 Volume: 6 Issue: 3 Year: 2013 File-URL: http://www.theibfr2.com/RePEc/ibf/riafin/riaf-v6n3-2013/RIAF-V6N3-2013-7.pdf File-Format: Application/pdf Handle: RePEc:ibf:riafin:v:6:y:2013:i:3:p:85-94 Template-Type: ReDIF-Article 1.0 Author-name: Hilario Diaz Guzman Author-name: Estela Carolina Fuentes Garcia Title: COMMUNICATION IN THE FAMILY-OWNED BUSINESSES: MAJOR ELEMENT IN THE PRESERVATION OF FAMILY HARMONY, LA COMUNICACION EN LA EMPRESA FAMILIAR, PRINCIPAL ELEMENTO EN LA PRESERVACION DE LA ARMONIA FAMILIAR Abstract: Family business is a vital force in the global economy. Family-owned business is composed of two overlapping subsystems: family and business. But family business management becomes complex because family and business domains often have conflicting sets of needs and values. Family business success often means: harmony for family and growth/profitability for business. Harmony and communication are the strongest pillars of the family-owned business and are closely linked, the second helps to preserve the former. Communication becomes more than just a management tool to become a vital process for family businesses. This is the first statistical study of family businesses in Tehuacan. The survey sample covers 342 family businesses in manufacturing, trade and services in Tehuacan city. The results show that communication in family businesses of Tehuacan is good but somewhat formal, although this last feature does not affect significantly their harmony. Classification-JEL: M19, M29 Keywords: Family Business, Family Harmony, Communication Journal: Revista Internacional Administraction and Finanzas Pages: 95-114 Volume: 6 Issue: 3 Year: 2013 File-URL: http://www.theibfr2.com/RePEc/ibf/riafin/riaf-v6n3-2013/RIAF-V6N3-2013-8.pdf File-Format: Application/pdf Handle: RePEc:ibf:riafin:v:6:y:2013:i:3:p:95-114 Template-Type: ReDIF-Article 1.0 Author-name: Maricela Carolina Pena Cardenas Author-name: Armandina Margarita Olloqui Lopez Author-name: Adrian Aguilar Fraire Title: RELATIONSHIP OF FACTORS IN JOB SATISFACTION OF EMPLOYEES OF A SMALL BUSINESS INDUSTRY METAL – MECHANICAL,RELACION DE FACTORES EN LA SATISFACCION LABORAL DE LOS TRABAJADORES DE UNA PEQUENA EMPRESA DE LA INDUSTRIA METAL - MECANICA Abstract: This work was undertaken with the objective in mind of exploring the relationship between Age, Seniority and Level of Studies of a blue collar employee sample with the level of their satisfaction at work. The study was conducted at a Small Metal-Machining Company located at Frontera, Coahuila. The study was make it by a consensus of 33 workers, applying a structured questionnaire, using Likert Scale, which has 40 items that belonged to 10 different variables. To assure the trustworthiness of the tool the Cronbach’s Alpha proof was used. The internal coefficient of consistence achieved was 0.89. Based on a previous study carried out in the same company, the factors with the greatest incidence on employee satisfaction were identified. In this research are included 10 different variables encompassing factors such as Age, Seniority and Level of Studies of the workers under scrutiny, ultimately computing the Contingency Coefficients. The outcome of the study shows: Age as a variable is related with Polices, Perks and Communication; Seniority reports association with Communication, Relationship with Coworkers and Polices; while the Level of Studies shows relation with Supervision, Perks, Communication and the work itself. Classification-JEL: J28, L61, M10 Keywords: Job Satisfaction and Labor Climate Journal: Revista Internacional Administraction and Finanzas Pages: 115-128 Volume: 6 Issue: 3 Year: 2013 File-URL: http://www.theibfr2.com/RePEc/ibf/riafin/riaf-v6n3-2013/RIAF-V6N3-2013-9.pdf File-Format: Application/pdf Handle: RePEc:ibf:riafin:v:6:y:2013:i:3:p:115-128