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Introduction
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January 2011 - present
January 2011 - present
Publications
Publications (74)
The social status of entrepreneurs, which measures the degree to which a country admires entrepreneurs and values their social contribution to society, varies significantly across countries. In some economies, such as the United States, entrepreneurs are seen as cultural heroes, whereas in others, particularly in many European countries, their stat...
Institutional economics theory predicts that multinational enterprises (MNEs) operate in foreign countries with high institutional quality, which is known as the institutional profile effect. Nevertheless, the predictions of this theory seem to diverge from the international presence of certain MNEs, raising questions about the broader applicabilit...
Research Summary
Scholars have noted that pronounced changes in consumer demand and technology often offer firms temporary opportunities to strengthen their performance vis‐à‐vis rivals. This article contributes to the literature on windows of opportunity from an organizational learning perspective. It investigates whether the depth and breadth of...
La orientación para la carrera resulta un proceso clave para ayudar a los y las estudiantes preuniversitarios en la elección de carrera. Para contribuir a la recogida de información del alumnado de once centros de enseñanza secundaria de la provincia de Teruel, un equipo de profesores y profesoras del grado de Administración y Dirección de Empresas...
In this paper, we analyse entrepreneurial exit from an institutional lens and consider high-growth aspiration initiatives. We elaborate on the idea that institutions that are market-supporting reduce exit, while the level of high-growth aspiration entrepreneurship increases it. More importantly, we show that the existence of strong market-supportin...
The creation of new ventures involves a great deal of risk and uncertainty. However, research has been theoretically divergent and empirically inconclusive about the influence of individuals’ risk tolerance on entrepreneurial entry. In this paper, we argue that this relationship is contingent on the reference point of individuals, taking into accou...
First-mover advantages (FMA) and multimarket contact (MMC) have evolved independently in the strategic management literature. This is surprising because FMA erode as a result of competition which, in turn, is affected by MMC. This paper links these literatures through the concept of spheres of influence and analyses the effect of MMC on pioneers' p...
Análisis del impacto económico y social del aeropuerto de Teruel en sus primeros cinco años de actividad.
La población española involucrada en negocios que se encuentran en fases iniciales del proceso emprendedor vuelve a aumentar ligeramente en el último año, manteniendo así los niveles de participación por encima del umbral de seis personas emprendedoras en fase inicial por cada cien personas de la población adulta.
De acuerdo con el indicador de ac...
La orientación universitaria trata de dotar a las personas de las competencias necesarias para poder identificar, elegir y/o reconducir alternativas formativas y profesionales. El momento de elección de los estudios superiores es un momento clave que debería ser el resultado de un proceso y no un momento puntual. Además de ello, es fundamental que...
Despite the benefits of entrepreneurial activity on economic development, entrepreneurs do not have a good social status in all societies. While in some countries they are highly respected (Anglo-Saxon context), in others, their image is not so positive (European context). In this paper, we highlight these differences using a sample from the GEM pr...
This paper analyzes opportunity entrepreneurship through the interplay between formal and informal institutions. It seems evident that not all entrepreneurial initiatives have the same quality, thus the goal of a society should be to encourage the activities that best contribute to innovation and value generation. We theorize that informal institut...
The evolution of industry has recently attracted the attention of scholars studying the relationships between exploration and exploitation strategies and innovation performance. Surprisingly, although extant research has already acknowledged its multidimensional character, it has only been analyzed in an aggregate fashion. In this paper, we disting...
Entrepreneurs play a key role in introducing innovations into the market. However, the extant literature has found that the degree of innovation within new ventures varies considerably and that these differences can be related to the individual factors of entrepreneurs. In this article, we go one step further and suggest that the influence of indiv...
The aim of this study is to analyse how the distance between countries determines host
country selection. To explain foreign market entry we use two dimensions of the distance
between countries: (1) geographic distance and (2) historical ties between the home and the
host countries. We carry out descriptive, empirical and case study analyses in the...
Entrepreneurs are involved in entrepreneurial ecosystems. These ecosystems incorporate institutions that interact with entrepreneurs in different ways depending on the stage of the business life cycle the entrepreneur is in. By incorporating institutional theory and business life cycle theory to the analysis of ecosystems, we propose which kind of...
We advance first mover advantages literature by adding novel insights into the conditions that affect the persistence of first mover profitability and market share. We investigate the role of two industry dynamics - market growth and technological discontinuity - and we argue that they will negatively affect the persistence of first mover performan...
The study of network industries has emerged as an important research theme. In these markets, the customer base is a critical strategic asset for assessing the firm's current and future competitive position. To manage the customer base optimally in these industries, it is crucial to understand the key drivers of customer acquisition and retention....
The objective of this research is to deepen in the role played by formal institutions on the different types of entrepreneurship (opportunity and necessity) as well as in its relative importance. The institutions we analyze are property rights, business freedom, fiscal freedom, labor freedom, financial capital and educational capital. Our results s...
We complement extant FMA literature by systematically bringing in the institutional context, a hitherto missing dimension. We focus on two components of the formal and informal institutional context – a country’s market supporting institutions and a country’s cultural orientation towards uncertainty, respectively – and we elaborate on their interpl...
We investigate the impact of formal and informal institutions on two key decisions of multinationals (MNEs) when they expand abroad, namely, location and establishment mode. We study the role of cultural distance between home and host markets and the institutional development of host markets, as dimensions that can help to capture the essence of in...
This article examines the influence of complementary resources on the performance of incumbents after a radical technological change. In investigating this relationship, we join the technological management literature and the institution-based view of strategy and maintain that the value of complementary resources is contingent on the institutional...
The institution-based view of strategy has emerged as a leading perspective in Strategic Management. It incorporates the institutional dimension when offering relevant answers to the fundamental questions of strategy. One of the challenges of this perspective is to develop stronger measures of institutions (Peng et al., 2009). This paper seeks to c...
The aim of this paper is to analyse the impact of multimarket contact on profitability in the context of the European mobile communications industry. Our hypothesis proposes a U-shaped relationship between the average number of multimarket contacts of a firm with its rivals and its profitability. The results derived from this paper support the abov...
El objetivo de este trabajo es analizar los efectos del contacto multimer-cado sobre la rentabilidad de las operadoras que componen la industria de las telecomunicaciones móviles europeas. En particular, nuestra hipó-tesis de partida sostiene que la relación entre el número medio de contac-tos multimercado que una empresa tiene con sus rivales y lo...
The aim of this paper is to analyse the impact of multimarket contact on profitability in the context of the European mobile communications industry. Our hypothesis proposes a U-shaped relationship between the average number of multimarket contacts of a firm with its rivals and its profitability. The results derived from this paper support the abov...
This article extends previous research on network industries by analyzing the role that firm strategy plays in markets where network effects are important. The authors postulate that firms can benefit from the existence of network effects through their strategic choices. The main premise of this article is that companies, by influencing expectation...
This paper empirically analyzes the joint effect of switching costs and network effects in determining the level of competition in the European mobile communications industry. Theoretical reasoning argues that switching costs and network effects may confer some market power that firms can strategically exploit to reduce competition and thus increas...
Informe Ejecutivo GEM Aragón 2012
The purpose of this paper is to test the effectiveness of switching costs as an isolating mechanism in the context of the first-mover advantage theory. Whereas both the literature on switching costs and on pioneering propose this as a mechanism through which firms could obtain sustainable competitive advantage, other authors offer a rationale for t...
This chapter describes the internationalization process followed by the main European mobile operators from 1998 to 2008. We measure the degree of internationalization by the number of countries in which they operate in European OECD countries and the rest of the world. In this chapter, we relate the international diversification to (i) the history...
Mobile communications industry has notably evolved in the last years. With the 3G take-off, smartphones have emerged as a new strategic weapon for the operators. This seems to change the competitive environment in the industry. In this paper, we theoretically elaborate on the idea that mobile service providers have the possibility to generate value...
La teoría que sostiene que las ventajas del pionero pueden explicar el origen de la ventaja competitiva en algunos mercados tiene una tradición extensa en el ámbito de la estrategia. Sin embargo, la evidencia empírica disponible no es concluyente. Este hecho ha llevado a los investigadores a examinar los mecanismos que permiten relacionar orden de...
Los efectos de red y los costes de cambio están presentes de manera significativa en un gran número de mercados, y con especial intensidad en el contexto de la denominada Economía de la Información. Aunque trabajos recientes han puesto de manifiesto su relevancia en la creación de valor en estos negocios, el estudio de su influencia sobre el compor...
The study of information-technology (IT) markets has emerged as an important research theme in the literature. They are governed by a unique set of features and characteristics that may render invalid some of the well-established models and findings in prior research. In these markets, the customer base becomes a critical strategic asset to assessi...
Network effects and switching costs are two major economic forces in information technology industries. Although the consequences of these mechanisms on competition and firm strategy have been well documented in the literature, research on their impact on customer behaviour is lacking. In this study, the authors investigate the role of network effe...
The theory that first mover advantages can explain firm competitive advantages has a long tradition in the strategic management field. However, the empirical evidence available is inconclusive. This fact has lead researchers to examine the mechanisms that allow relating order of market entry and performance, as well as the conditions under which th...
This paper extends previous research on network effects by proposing a theoretical model that studies the role that firm strategy plays in markets where network effects are important. We suggest that, instead of the exogenous character usually attributed to network effects, firms can influence them through their strategies. Moreover, we develop a c...
Switching costs are one of the most important economic forces that affect market competition in mobile communications. Both theoretical and empirical studies have shown that switching costs reduce market competition leading to higher prices, lower product and service quality, and lower customer welfare. Given their negative consequences, national r...
Network effects and switching costs are two major economic forces in information technology industries. Although the consequences of these mechanisms on competition and firm strategy have been well documented in the literature, research on their impact on customer behavior has received less attention. In this study, the authors investigate the role...
This paper analyses the evolution of the mobile communications industry in the European Union. The research focuses its interest on the different roles played by the regulator in Europe and in other regions of the world (mainly the US). The diffusion of GSM was extraordinarily fast in Europe, mainly due to the adoption of a unified standard from in...
El presente trabajo pretende profundizar en los determinantes de la intensidad de uno de los elementos que mayor relevancia está adquiriendo en el estudio de los mercados tecnológicos: los costes de cambio. Para acometer esta tarea abordamos el análisis de dos potenciales fuentes de dicha intensidad: (i) las relacionadas con las propias característ...
De conformidad con la base quinta de la convocatoria del Programa de Estímulo a la Investigación, este trabajo ha sido sometido a eva-luación externa anónima de especialistas cualificados a fin de con-trastar su nivel técnico. La serie DOCUMENTOS DE TRABAJO incluye avances y resultados de investigaciones dentro de los pro-gramas de la Fundación de...
El establecimiento, desarrollo y mantenimiento de relaciones orientadas al largo plazo representa
un paso decisivo para alcanzar una ventaja competitiva. Los clientes leales constituyen
una de las principales fuentes de rentabilidad de las empresas y se convierten en su activo
más valioso. Para gestionar eficientemente las relaciones resulta fundam...
Purpose
The purpose of this research is to show how relationship marketing has recognized the importance of building long‐term relationships in increasing firms' profitability and guaranteeing their future viability. Owing to the damaging effects that customer switching behavior could have on the development of successful relationships, understandi...
This paper is devoted to a consideration of the present-day situation faced by the digital economy. The appearance of this phenomenon as one of the basic pillars of modern economies has provoked increasing interest in academic circles which, for the moment, is not fully reflected in the economic literature. Against this background, the central aim...
Los objetivos de este trabajo son analizar las consecuencias de la desregulación en la disponibilidad de servicios bancarios y examinar el papel de los distintos intermediarios financieros a la hora de evitar la exclusión financiera. Con este fin, el primer capítulo del estudio se centra en los efectos de la liberalización del sector bancario españ...
