Jesus Godoy-Bejarano

• Ph D Management (Finance)
• Professor (Associate) at University of Ibagué

Academic mobility plays a crucial role in fostering intellectual collaboration, knowledge transfer, and the internationalization of science. While existing research has extensively examined international scientific migration, national mobility, particularly in middle and low-income countries, remains underexplored. This study investigates the relat...

The mission statement (MS) is the most used organizational strategic planning tool worldwide. The relationship between an organization’s MS and its financial performance has been shown to be significantly positive, albeit small. However, the relationship between the ms and the macroeconomic environment and organizational innovation has not been inv...

This study estimates the relationship between macro and industry-sector economic factors, mission statements content, and the innovation-financial performance of cross-sectorial organizations. Results show that research-intensive organizations provide more complex mission statements, and those from the private sector that are simpler and financial-...

This article examines the impact of the Dow Jones Sustainability Index (DJSI) announcements that are prepared annually by RobecoSAM on the market value of Colombian firms. The analysis of 77 events and their impact on 13 firms for the 2009-2018 period found that DJSI-related events lead to insignificantly abnormal returns being generated for shareh...

This article examines the impact of the Dow Jones Sustainability Index (DJSI) announcements that are prepared annually by RobecoSAM on the market value of Colombian firms. The analysis of 77 events and their impact on 13 firms for the 2009-2018 period found that DJSI-related events lead to insignificantly abnormal returns being generated for shareh...

Purpose The purpose of this study is to estimate the effect of information disclosure on firm value for firms in the Integrated Latin American Market (MILA) over the period 2011–2017. Design/methodology/approach The study uses structural equation modeling (SEM), where the latent variable “Disclosure Quality” is measured using five textual analysis...

This study estimates the relationship between macro and industry-sector economic factors, mission statements content, and the innovation-financial performance of cross-sectorial organizations. Results show that research-intensive organizations provide more complex mission statements, and those from the private sector that are simpler and financial-...

Firms hold excess resources, known as slack, that could be valuable as the environment becomes more complex. This article provides evidence on how higher environmental complexity alters the slack-performance relationship in the long run by introducing three types of effects: the efficiency effect, the profitability effect, and the incentives effect...

Excess resources or slack can increase the probability of survival of a firm by cushioning environmental shocks or reducing internal conflicts by power but they can also create a comfort sensation that reduce firm’s competitiveness. These time-dependent advantages and disadvantages of slack are contingent on firm-speficific and environmental factor...

We estimate the effect of the mission statement on firm financial performance. The mission power, a latent construct, is included in a structural equation model to compute its impact across two channels: the profit margin and the assets turnover. Our estimates, based on a sample of Colombian companies, show that the non-significant impact of missio...

This dissertation presents three essays on international macroeconomics. The first article is a literature review of three separate, and often disconnected, strands of the economic literature that has addressed pairs of linkages between foreign indebtedness, economic growth, and macroeconomic volatility during the last three decades. The article sur...

Este trabajo estudia las relaciones de interdependencia que presentan los ciclos del empleo de cada una de las trece áreas metropolitanas incluidas en la encuesta continua de hogares (ECH) frente a las demás áreas incluidas en la misma encuesta. El uso de modelos VAR irrestrictos permitió identificar aquellas ciudades cuyos ciclos de empleo se adap...

This work studies the interdependence relationship presented in employment cycles of some cities against the cycle of the rest of Colombian cities. Irrestrictive VAR models usage allowed us to identify those cities whose employment cycles are adapted faster to the aggregate cycle of the other cities in a national level or the aggregate cycles of si...