Jorge Rosell-Martinez

• PhD
• Professor (Associate) at University of Zaragoza

This article proposes a new model for analyzing innovation as a driver of absorptive capacity of spillovers from foreign direct investment (FDI) upon technical progress in Spanish manufacturing firms. So, we identify and justify innovation factors that determine the absorptive capacity from FDI upon technical progress. We group into four basic cate...

Regulation of energy firms faces the complex problem of balancing private (earning a fair rate of return on investment) and public (assure safe and reliable supply of energy at lowest possible costs) goals. Tobin’s q is a forward looking indicator on investment opportunities and on market power of firms that energy regulators can use for more effec...

This study evaluates the importance of product differentiation as a determinant of vertical integration in firms. The proposed model also controls for known determinants of integration, such as transaction costs and firm-level capabilities. By identifying transaction-, firm- and strategy-level determinants, we derive testable predictions about the...

Despite the spread of Public-Private Partnerships (PPPs) and their interest among academicians and policy-makers, many investigations generally treat them as a homogenous mode of governance neglecting their different forms. The present work investigates the factors that determine the concrete form of PPP finally adopted. We use the Transaction Cost...

This study analyses the impact of active learning methods on the academic performance of first year management students. It evaluates how the assessment system, whether focused on active methods or traditional exam-based approaches, affects students' academic performance. Academic data from more than 4000 students were collected and analysed using...

Una subasta es una alternativa al mercado para determinar un precio de equilibrio para un bien o servicio. Aunque lo primero que se nos viene a la cabeza es un subastador bajando el martillo para entregar el bien a aquel oferente cuya oferta ha sido la más alta, existen otros formatos de subasta En 2020 el Nobel de Economía recayó sobre Paul R. Mi...

Global warming and air pollution are severe threats to humans and ecosystems. While some of these issues, particularly those on a small scale requiring low-cost behaviors, may be relieved by developing and implementing environmental policies, it is clear that legislative measures and behaviors requiring a significant degree of sacrifice are require...

The complex situation that global society is facing as a result of COVID-19 has highlighted the importance of companies committing to the principles of social responsibility. Among the internal initiatives, those related to the health of workers are, obviously, highly topical. The objective of our research is to provide concise knowledge of the rel...

This research shows, on a wide dataset of students, that evaluation methods to promote active learning improve students’ academic success and performance. On a database of 4622 engineering and design students, we demonstrate that this result holds when correcting the selection bias—more engaged students opt for active learning. The intriguing resul...

El presente trabajo aborda, con un enfoque económico, el análisis de la medición de la creación de riqueza en la empresa con el fin de clarificar las diferentes aportaciones que al tema se realizan tanto desde el ámbito académico como profesional. Para ello, se realiza una revisión del propio concepto desde la Economía y se analiza buena parte de l...

La investigación científica ha sido un elemento principal que influye en la calidad de vida de la población cubana, que trae como resultado en nuestro país estándares en salud elevados. Particularmente el Sistema de Ciencia e Innovación de la Universidad de Ciencias Médicas de Matanzas, concebido a nivel nacional para promover la investigación y la...

Risk is a crucial topic in project management, particularly in major public projects. This paper deals with the optimal allocation of risks between parties when the governance (and contracting) of these projects takes place under Public Private Partnerships (PPPs). According to some general literature in economics and management, we propose that th...

Acquiring the team working competence is important nowadays to improve the engineering graduates' employability. In some Engineering Schools in accordance with accreditation programmes, the faculty is implementing tools to develop the teamwork process. This study proposes the implementation of some tools in Business Administration subject (like pro...

El crecimiento de la economía española en los años previos a la crisis se apoyó en unos costes de los factores, trabajo y capital, decrecientes, que llevaron a medidas de productividad también decrecientes. Superada la fase más aguda de la crisis que tuvo lugar de 2009 a 2014, desde 2015 se está recuperando el crecimiento de la actividad y, al cont...

An analysis of Spanish firms' financial data reveals that growth prior to the recent recession was based on decreasing input costs, but was not accompanied by efficiency gains. Post-recession, these firms, and in particular those in the manufacturing sector, have reduced their leverage and increased earnings, but as input costs and interest rates r...

The model is a production function that contains the effects of foreign capital and foreign presence on added value (output). It includes variables that arise from the interaction of a foreign presence in a sector with other variables. These combined variables permit an analysis of the factors determining absorptive capacity from FDI.

Time-collaborative planning is an international practice that encourages the integration of firms into supply chains. The aim of this article is to develop a strategic collaborative planning model among actors in the supply chains to improve their competitiveness. We validate this proposal in two cases, a supply chain in Cuba and another one in Mex...

This article aims to find empirical evidence of the connection between industrial deregulation and the appearance of anticompetitive practices. We test our hypothesis using data on antitrust proceedings in Spain from 1990 to 2003, when the Spanish government undertook intense reforms in several industries. We construct a database of proceedings bro...

This paper analyzes the case of Spain in the period from 1993 to 2005, when intense reforms in several industries took place in the country. We observe an increase in collusion and trust practices in liberalized industries, what requires an increase in the resources dedicated to antitrust policy. An econometric estimation demon- strates the influen...

El objetivo de este artículo es presentar de manera sencilla algunos conceptos básicos relacionados con las estructuras de mercado, sus implicaciones para los agentes que intervienen en dichos mercados, y ponerlo en relación con algunos aspectos aplicados como la política de defensa de la competencia y la regulación sectorial que llevan a cabo las...

This paper examines the effect of participation by foreign capital and the spillovers from a foreign presence on the technical progress of Spanish manufacturing firms. The results show that foreign direct investment (FDI) creates positive spillover effects for local firms, and when the presence of foreign capital and the absorptive capacity of spil...

This article analyses the effects of Foreign Direct Investment (FDI) on technical progress in Spanish manufacturing. Particularly, we study how FDI's contributions vary depending on the economic structure of the industry. The results show that most FDI goes to capital-intensive sectors, especially when those sectors are also Research and Developmen...

In Spain, recent liberalizing tendencies occurred in the last decades have driven to striking changes in important industries, which used to be under monopolistic or regulated regimes. Whereas literature has widely paid attention to analyze the effects of liberalization on prices or competitiveness, few papers are dedicated to study the effects of...

En España, las tendencias liberalizadoras de las últimas décadas han dado lugar a fuertes cambios en la estructura industrial de importantes sectores económicos, tradicionalmente en régimen de monopolio o de fuerte regulación. Mientras existen abundantes trabajos en la literatura dedicados a analizar los efectos de la liberalización sobre los preci...

This paper uses the principal-agent theory to analytically investigate the optimal incentive-based compensation contract that a processor should offer to a grower performing efforts in quantity and quality. In this process, we contribute to the substantive literature on multi-task principal-agent models by analyzing the quality-quantity trade-off a...

The authors study the determinants of make or buy decisions for grapes made by wineries belonging to the Rioja Qualified Designation of Origin (DOCa). In particular, they analyze the relationship between product quality and vertical integration. Although there is a long tradition in transaction cost theory of analyzing the determinants of make or b...

The central purpose of this paper is to examine the incentive contract as an equilibrium phenomenon. We analyse a model of vertical differentiation in which we deal with the strategic role of the competitor’s decisions in a successive duopoly. Is it better for a processor to offer an incentive contract to an upstream producer or the spot market? We...

The central purpose of this paper is to examine the incentive contract as an equilibrium phenomenon. We analyse a model of vertical differentiation in which we deal with the strategic role of the competitor’s decisions in a successive duopoly. Is it better for a processor to offer an incentive contract to an upstream producer or the spot market? We...

This study analysed the relationship between product quality and governance mode choice (market mode, hybrid mode or vertical integration) using the results of a survey of 187 qualified appellation of origin (DOC) Rioja wineries. By estimating a generalized ordered logit, it is concluded that wineries that produce high-quality wines are more likely...

This article develops and tests a model of integration of the first stage of the wine value chain, i.e. the viticulture activity. The model, derived from the transaction cost analysis developed princi- pally by Williamson, is formulated as a tobit function, which is estimated with data from the wine in- dustry in the Rioja's denomination of origin....

El presente trabajo desarrolla y comprueba empíricamente un modelo de integración vertical de la primera etapa de la cadena de valor del vino, la viticultura. El modelo, derivado del análisis de costes de transacción, desarrollado principalmente por Williamson, se formula como una función tobit que se estima con datos de la industria del vino...

This paper provides an analysis of the choice of governance mechanism in agriculture using an integrated perspective based on agency theory. The main ways of organizing agriculture are compared: spot market and incentive contract. With the analytical development of both models, it is explored that the choice of the optimal mechanism depends on init...

The possible co-existence of spot and contract market that can emerge in the presence of quality issues with a number of growers and processors in each stage is something that has largely remained an open question in the literature. This paper is an attempt to fill this void. We use a straightforward two-stage Cournot oligopoly model with specific...

This paper develops a double-sided moral hazard model of share contract in agriculture, with imperfect quality measurement by the agent and the principal, who contribute to the final good quality in terms of production effort and marketing effort respectively. Using this model, we analyse the implications of the share contract for quantity and qual...

We analyze the relationship between product quality and governance mode choice using the results of a survey of DOC Rioja wineries. Wineries that produce high-quality wines are more likely to vertically integrate than are wineries that produce low-quality wines. Consistent with Transaction Cost Economics, we find evidence that asset specificity and...

At present, competition policy in Spain is experiencing a period of changes. On the one hand, this is due to the promulgation of Ley 15/2007 of 3th of July, de Defensa de la Competencia that comes to replace the previous one of 1989. On the other, it is due to the start of the autonomic organs of competition defense, according to the forecasts of L...

El objetivo del presente trabajo es comprobar las predicciones de la teoría de costes de transacción considerando las alternativas del mercado, híbrido y jerarquía a través de una encuesta realizada a las bodegas en DOC Rioja. En general, se encuentra evidencia de que a mayores costes de transacción vinculados con el mercado, mayor probabilidad de...

Este trabajo analiza los determinantes de la exportación de las pymes aragonesas considerando simultáneamente los factores empresariales (características de la empresa), los factores de localización (características de los mercados destino) y los factores determinantes del modo de entrada. El estudio de la información macroeconómica refleja una alt...

El presente trabajo tiene como objetivo conocer mejor cómo está afectando a la economía y a las empresas aragonesas la internacionalización de las actividades comerciales y productivas. Aragón es una economía con alta apertura exterior y por tanto vulnerable a vaivenes bruscos en la dirección de los flujos de comercio y de inversión directa de empr...

Este trabajo analiza la evolución de la economía española en los últimos 20 años a partir del comportamiento y resultados de las empresas no financieras que colaboran con la Central de Balances del Banco de España. El comportamiento de las empresas se estudia a partir de decisiones reales, como inversión y empleo, y decisiones financieras, como su...

Este trabajo analiza la evolución de la inversión y financiación de las empresas españolas no financieras en el periodo de 1983 a 2000. La hipótesis principal del mismo es la existencia de interrelaciones entre ambas decisiones debido a las asimetrías informativas entre gestores de las empresas y proveedores de fondos. En particular se pretende det...

Este trabajo presenta un análisis de los resultados económicos de la empresa española en el período 1983-1992, a partir de la muestra total de empresas de la Central de Balances del Banco de España. El análisis se centra en los resultados de explotación y utiliza magnitudes de flujos y stocks ajustados por cambios en los precios absolutos y relativ...

The aim of this paper is to verify Transaction Costs Theory's predictions about the determinants of subcontracting and outsourcing decisions in manufacturing firms. We pinpoint a double test of prediction about subcontracting core activities of the value chain (particularly those related to production) and on the other hand about outsourcing auxili...

Este trabajo presenta un análisis económico y financiero de la empresa española a partir de datos de la Central de Balances del Banco de España para el período 1983-1992. Esta información, de carácter contable, es sometida a los ajustes necesarios para recoger los efectos de las variaciones absolutas y relativas en los precios sobre el activo empre...

Las empresas son la principal fuente de generación de riqueza de una región. El objetivo de este trabajo es conocer la capacidad de las empresas aragonesas para generar valor y para competir dentro de su entorno próximo, que es el sector empresarial español, mediante un análisis económico y financiero. La información utilizada es la proporcionada p...

Esta tesis doctoral analiza el valor, los resultados de las empresas y sus decisiones de inversión y financiación ofreciendo una serie de herramientas teóricas y metodológicas desde el análisis económico. El primer capítulo revisa el modelo económico de empresas, y a partir de él se ofrece una revisión crítica de las medidas más utilizadas para val...