Template-Type: ReDIF-Article 1.0 Author-Name: Daniel Botero Guzmán Author-Name: Carlos Enrique Vecino Arenas Title: ESTIMATING THE RISK-RETURN RELATIONSHIP IN THE INTERNATIONAL STOCK MARKET, ESTIMACIÓN DE LA RELACIÓN RENTABILIDADRIESGO EN EL MERCADO ACCIONARIO INTERNACIONAL Abstract: The estimation of the risk-return international relationship requires strong assumptions. One of them is perfect integration. This article attempts to validate if this assumption holds for emerging and developed countries. We propose an alternative model that fits significantly to the risk-return relationship of the countries. Multivariable linear regression is used and validated by a robust regression. The results show that the CAPM is the best model to explain the risk return relationship in developed countries. Emerging markets remain segmented and are affected by specific risks which may explain over 40% of their returns Classification-JEL: G12, G15, F30 Keywords: Return, Risk, Model, Estimate, Partial Integration Journal: Revista Internacional Administraction and Finanzas Pages: 1-13 Volume: 9 Issue: 5 Year: 2016 File-URL: http://www.theibfr2.com/RePEc/ibf/riafin/riaf-v9n5-2016/RIAF-V9N5-2016-1.pdf File-Format: Application/pdf Handle: RePEc:ibf:riafin:v:9:y:2016:i:5:p:1-13 Template-Type: ReDIF-Article 1.0 Author-Name: Fernando M. Ruiz Díaz Author-Name: Yolanda Saldana Contreras Author-Name: Laura Leticia Gaona Tamez Author-Name: Daniela Guadalupe Jacobo Martínez Title: THE CONCEPT OF FAMILY IN THE MEXICAN CULTURE AND ITS IMPACT IN THE FAMILY BUSINESS, CONCEPTO DE FAMILIA EN LA CULTURA MEXICANA Y SU IMPACTO EN LA EMPRESA FAMILIAR Abstract: We live in a global society where the only constant is the transformation of institutions, canons and paradigms in the society. This research shows how, in spite of the changes in the social norms that regulate the individual behavior, the concept of family is still rooted in the Mexican culture. This concept can impact the dynamics and continuity of the family business. We carried out documentary interdisciplinary research. Additionally, a survey was administered to 184 persons with ages varying from 18 to 24 years. The results show that despite the social changes that took place in Mexico, the familiar network still is considerably extensive and complex. The idiosyncrasy that Mexican’s foster respect to family, can impact the family business. The family can exert good influence in the family business. The aim is to manage such influence with the objective of preserving the corporate heritage as well as support and employment of the next generations Classification-JEL: M120, M140, N26, J130 Keywords: Mexican Idiosyncrasy, Family and Family Business Journal: Revista Internacional Administraction and Finanzas Pages: 15-25 Volume: 9 Issue: 5 Year: 2016 File-URL: http://www.theibfr2.com/RePEc/ibf/riafin/riaf-v9n5-2016/RIAF-V9N5-2016-2.pdf File-Format: Application/pdf Handle: RePEc:ibf:riafin:v:9:y:2016:i:5:p:15-25 Template-Type: ReDIF-Article 1.0 Author-Name: Eduardo Alexander Duque Grisales Author-Name: John Dairo Ramírez Aristizábal Author-Name: Juan Pablo Valencia Ocampo Title: CARBON MARKET: A CHANCE FOR SMALL HYDROELECTRIC POWER STATIONS IN COLOMBIA, MERCADO DE BONOS DE CARBONO: UNA OPORTUNIDAD PARA LAS PEQUEÑAS CENTRALES HIDROELECTRICAS EN COLOMBIA Abstract: The world utilizes power generation by fossil fuel involving the emission of carbon dioxide. This has an impact on the greenhouse effect and climate change. The concern has led to creation of a new market: the Carbon market. This market issues a type of credit called Certified Emission Reduction to projects reducing the amount of greenhouse gases. Hydropower projects are among the most likely to receive this type of incentive because they are considered a source of clean energy with minimal impact on the environment by the Clean Development Mechanism. This article presents a review of the existing methodologies for assessing greenhouse gas emissions and the implementation of the ACM2 methodology in small hydroelectric plants in Colombia. We calculate an emission factor updated for the country. Classification-JEL: Q42, Q43, Q51, Q54 Keywords: Carbon Market, Clean Development Mechanism (CDM), Small Hydroelectric Plant (SHP) Journal: Revista Internacional Administraction and Finanzas Pages: 27-37 Volume: 9 Issue: 5 Year: 2016 File-URL: http://www.theibfr2.co/RePEc/ibf/riafin/riaf-v9n5-2016/RIAF-V9N5-2016-3.pdf File-Format: Application/pdf Handle: RePEc:ibf:riafin:v:9:y:2016:i:5:p:27-37 Template-Type: ReDIF-Article 1.0 Author-Name: María Virginia Flores-Ortiz Author-Name: Alfonso Vega-López Author-Name: Edgar Armando Chávez-Moreno Title: COMPARATIVE ANALYSIS OF THE MAIN FACTORS AFFECTING THE PROFESSIONALISM OF FAMILY BUSINESSES OF MANUFACTURING, TRADE AND SERVICES OF TIJUANA, BC, MEXICO, ANALISIS COMPARATIVO DE LOS PRINCIPALES FACTORES QUE INCIDEN EN LA PROFESIONALIZACIÓN DE LAS EMPRESAS FAMILIARES DEL SECTOR INDUSTRIAL, COMERCIAL Y DE SERVICIOS DE TIJUANA, B.C., MÉXICO Abstract: This research conducts a comparative analysis of contingency factors, such as a process of professionalization, training, organizational culture, leadership and selection. The goal is to determine what affect the professionalization of family businesses in the manufacturing, services and trade industries of Tijuana, BC, Mexico. The importance of managing the entire organization to achieve professionalization, is through hiring managers from outside the family. To measure levels of professionalism those states or organizational conditions as contingency factors were examined. We propose a number of variables. Statistical analysis of the data, produces a scheme in which contingency factors that directly affect the professionalism shown were identified. Classification-JEL: L21, L22 Keywords: Contingency Factors, Professionalization, Manufacturing, Trade and Services Journal: Revista Internacional Administraction and Finanzas Pages: 39-62 Volume: 9 Issue: 5 Year: 2016 File-URL: http://www.theibfr2.com/RePEc/ibf/riafin/riaf-v9n5-2016/RIAF-V9N5-2016-4.pdf File-Format: Application/pdf Handle: RePEc:ibf:riafin:v:9:y:2016:i:5:p:39-62 Template-Type: ReDIF-Article 1.0 Author-Name: Jaime Apolinar Martínez Arroyo Author-Name: Irma Cristina Espitia Moreno Author-Name: Marco Alberto Valenzo Jiménez Title: IMPACT OF QUALITY IN COMPETITIVENESS OF HIGHER EDUCATION INSTITUTIONS: EMPIRICAL EVIDENCE, IMPACTO DE LA CALIDAD EN LA COMPETITIVIDAD EN INSTITUCIONES DE EDUCACION SUPERIOR: EVIDENCIAS EMPIRICAS Abstract: The quality of education has generated much interest for institutions of higher education. The evaluation of customer satisfaction has emerged as a key factor in the quality of service of the Institutions of Higher Education. It is important to systematically monitor and measure these efforts to improve the satisfaction of students and staff by delivering an appropriate and consistent standard. For this purpose, we identified key variables of quality from the point of view of students, faculty and staff. The problem at the Instituto Tecnológico Superior Purhépecha is complex and weakens the learning center as an academic body with little preparation and take aim at improving school quality management and decisions. This article measures the impact of proposed variables on the quality of education as well as the dimensions and indicators. The results show the variable direction and administrative management has the greatest relationship with the dependent variable and human resources. Classification-JEL: I2, I21, I23 Keywords: Quality, Higher Education, Evaluation Journal: Revista Internacional Administraction and Finanzas Pages: 63-76 Volume: 9 Issue: 5 Year: 2016 File-URL: http://www.theibfr2.com/RePEc/ibf/riafin/riaf-v9n5-2016/RIAF-V9N5-2016-5.pdf File-Format: Application/pdf Handle: RePEc:ibf:riafin:v:9:y:2016:i:5:p:63-76 Template-Type: ReDIF-Article 1.0 Author-Name: Sergio Méndez Valencia Title: ANALYSIS OF THE MIXTURE OF CULTURAL TYPES UNDER COMPETITIVE VALUES FRAMEWORK IN PUBLIC AND PRIVATE COMPANIES IN THE MEXICAN SHALLOWS, ANALISIS DEL TIPO DE CULTURA ORGANIZACIONAL EN EMPRESAS PUBLICAS Y PRIVADAS DEL BAJIO MEXICANO BAJO EL MODELO DE VALORES EN COMPETENCIA Abstract: This paper studies organizational climate and culture in public and private organizations in the Bajio region in Mexico. We analyze their culture type´s mix under the Competing Values Framework CVF, determining if one domain prevails over others. This additionally verifies differences among variables forming the four culture types. The sample included 26 companies from diverse industry sectors. The Mexican validated version of the Organizational Climate and Culture Survey, was applied to 1,444 employees. The study links organizational climate and culture. Notwithstanding that, the four cultural domains (clan, adhocracy, hierarchy and market) are present in the organizations of the sample as predicted by the CVF. Market culture is more prevalent. In order to comprehend climate and culture in the organizations, the consideration of the confluence and linkage of all CVF´s quadrants is needed. Classification-JEL: M12, M14, M50 Keywords: Organizational Climate, Organizational Culture, Validation Journal: Revista Internacional Administraction and Finanzas Pages: 77-93 Volume: 9 Issue: 5 Year: 2016 File-URL: http://www.theibfr2.com/RePEc/ibf/riafin/riaf-v9n5-2016/RIAF-V9N5-2016-6.pdf File-Format: Application/pdf Handle: RePEc:ibf:riafin:v:9:y:2016:i:5:p:77-93 Template-Type: ReDIF-Article 1.0 Author-Name: Maricela Carolina Peña Cárdenas Author-Name: Ma. Guadalupe Díaz Díaz Author-Name: Adriana Guadalupe Chávez Macías Author-Name: Cesar Eduardo Sánchez Esparza Title: THE ORGANIZATIONAL COMMITMENT AS PART OF THE BEHAVIOR OF WORKERS IN SMALL BUSINESSES, EL COMPROMISO ORGANIZACIONAL COMO PARTE DEL COMPORTAMIENTO DE LOS TRABAJADORES DE LAS PEQUEÑAS EMPRESAS Abstract: For the proper functioning of an organization requires innovative and spontaneous activities by employees that go beyond the requirements in their job descriptions. It also requires people committed to organizational goals. The purpose of the present research was to identify factors of greatest relevance of the commitment to the organization of small enterprises. We specifically examine firms in the metal mechanical industry of Monclova, Coahuila. The sample consists of sixty workers. Data collection was completed by an instrument of Meyer and Allen (1991), to diagnose Organizational Commitment. The survey scale was Likert, composed of 21 items which evaluated the Affective Commitment, as well as Continuity and Normative. The analysis of reliability of the questionnaire shows a Coefficient Alpha of Cronbach’s of 0.89. Once the data were tabulated, statistical treatment consisted of calculating frequencies, median, contingency coefficients and Significance Levels, using the SPSS program (version 17.0). Classification-JEL: D23, M12 Keywords: Organizational Commitment, Affective Commitment, Commitment to Continuity and Normative Commitment Journal: Revista Internacional Administraction and Finanzas Pages: 95-105 Volume: 9 Issue: 5 Year: 2016 File-URL: http://www.theibfr2.com/RePEc/ibf/riafin/riaf-v9n5-2016/RIAF-V9N5-2016-7.pdf File-Format: Application/pdf Handle: RePEc:ibf:riafin:v:9:y:2016:i:5:p:95-105