Emma Berenguer Cárceles

Universidad Pablo de Olavide | UPO · Department of Accounting and Finance

Crowdlending is a disruptive financial tool that has been increasingly requested by SME ’s to cover their capital needs. However, the growth of this technological development is being limited by the existing risk of default resulting in loss for lenders. To deal with this, funding platforms have started to offer more sustainable products such as th...

Peer-to-Business (P2B) crowdlending is gaining importance among companies seeking funding. However, not all projects get the same take-up by the crowd. Thus, this study aims to determine the key factors that drive non-professional investors to choose a given loan in an online environment. To this purpose, we have analyzed 243 crowdlending campaigns...

Crowdlending is gaining importance as a financial option and is democratizing access to capital markets. However, the key factors that drive investors to choose a given project requires further research. Some authors have identified certain isolated factors, but a holistic approach is needed. To fill this gap, we identified 10 success factors allow...

The aim of this paper is to analyze the relationship of family executive women with firm performance in family firms. We have obtained a final sample of 269 family and non-family firms (comprising 3073 firm/year observations) from the Spanish High Council of Chamber (SHCC) website, while data were collected from System for Analysis of Iberian Balan...

The aim of this paper is to analyse the influence on Spanish Small and Medium Enterprises exporting activity of women in managerial positions. We distinguish women in three roles: as owners, as board members and as executive managers. Data were collected from System for Analysis of Iberian Balances database and the Spanish High Council of Chamber w...

In this study we have focused on the export activity of family firms, to see if women in governance positions have a positive effect on it. In order to clarify these effects, we have divided such positions in three different roles: ownership, boards of directors and the executive management. Data were collected from System for Analysis of Iberian B...

Since the seminal paper of Vasicek and Fong (1982), the term structures of interest rates have been fitted assuming that yields are cross-sectionally homoskedastic. We show that this assumption does not hold when there are differences in liquidity, even for bonds of the same issuer. Lower turnover implies higher volatility. In addition, a minimum t...

Resumen Una práctica común que realizan las entidades aseguradoras es la de modificar las tasas de mortalidad instantánea al aplicar el principio de prima neta con el fin de hacer frente a las desviaciones desfavorables de la siniestralidad. Este documento proporciona una respuesta matemática a esta cuestión mediante la aplicación de la función de...

One of the impacts most widely expected and analyzed by international economists regarding the application of the Basel III requirements is the credit squeeze from the financial institutions towards the private sector of a given country, largely due to the increase in capital requirements. However, it seems unlikely that these negative effects will...

Since the seminal paper of Vasicek and Fong (1982) term structure models are estimated assuming that yields are cross-sectionally homokedastic. In this paper, we show that this hypothesis does not hold even for bonds from the same issuer when there are differences in their level of liquidity. Those bonds with a lower daily turnover would experiment...

La inminente introducción del Crédito Europeo (ECTS) exige el replanteamiento de las fórmulas tradicionales de enseñanza universitaria. Para realizar el cambio de la manera menos traumática posible algunas universidades, entre las que se encuentra nuestra Universidad, han optado por realizar experiencias piloto de la implantación del nuevo sistema....