Paz Méndez-Rodríguez

• Doctor of Business Administration
• University of Oviedo

Fertility is highly determined by previous fertility intentions. Spain has one of the lowest levels of fertility in Europe. This work presents an analysis of fertility intentions in Spain based on data from the 2018 Fertility Survey conducted by the Spanish National Institute of Statistics. This survey identifies the key factors influencing recent...

This paper aims to analyze how the consequences of natural disasters affect gender relations in socioeconomic terms. To meet this objective, we quantitatively analyzed the effect of the earthquake that occurred in Haiti in 2010 based on data from the Demographic and Health Survey (DHS) developed by the United States Agency for International Develop...

The study of vulnerability constitutes a central axis in research work on sustainability. Social vulnerability (SV) analyzes differences in human capacity to prepare, respond and recover from the impact of a natural hazard. Although disasters threaten all the people who suffer from them, they do not affect all members of society in the same way. So...

Induced abortion is a worldwide practice and its legalisation is a persistent demand of the women’s movement. Although in the academic literature there are numerous studies that address the study of fertility, nowhere near as much attention has been given to the analysis of induced abortion and its determining factors, and even less to the consider...

El envejecimiento demográfico determina las características del ámbito económico. La hipótesis de estabilidad en el consumo del ciclo de vida del individuo hace del envejecimiento demográfico un factor que podría afectar al nivel de ahorro agregado. Normalmente, en la modelización del comportamiento de los activos financieros, son los factores de c...

There are numerous studies that have analysed the demographic effects on the demand for housing. In addition, different studies have examined how housing market conditions affect family formation. This paper analyses the causal relations between the housing cycle and fertility in Spain during the period 1986–2014. Employing a model of the dynamic i...

In this chapter we present a portfolio selection model for Socially Responsible Investment. The model, following the spirit of Socially Responsible Investment, consists of two different steps. Firstly, a social screening is applied in order to obtain the feasible set of assets accomplishing the socially responsible investment policy of the assets’...

Although several data envelopment analysis (DEA) models have been proposed in the literature for mutual funds’ performance evaluation, few of them incorporate nonfinancial criteria. In this paper a fuzzy DEA model is used, allowing mutual funds relative performance evaluation in a more realistic and flexible way. We examine the efficiency of forty...

There are an increasing number of individual or corporate investors who demand social responsibility (SR) to a financial asset. Social responsibility is a multi-dimensional concept that requires identifying a number of criteria and their weights to be assessed in a financial asset. Currently a varied discussion is held among practitioners and acade...

Se analiza un modelo de interrelación dinámica entre el ciclo inmobiliario y la población en España durante el periodo 1986-2015. Se evalúa la evidencia empírica siguiendo la metodología tradicional de los estudios de series temporales. Se especifica un modelo de corrección de error (mce) que permite considerar la dinámica de ajuste de las variable...

OBJECTIVE Analyze the contextual and individual characteristics that explain the differences in the induced abortion rate, temporally and territorially. METHODS We conducted an econometric analysis with panel data of the influence of public investment in health and per capita income on induced abortion as well as a measurement of the effect of soc...

Purpose – The purpose of this paper is to identify whether the Spanish stock market experiences a negativity effect on the announcement of Spanish consumer sentiment information and if firms that are signatory to the UN Global Compact on corporate social responsibility are relatively more salient in the minds of investors. Design/methodology/appro...

Several methods for ranking mutual funds based on financial performance have been developed, but few of them propose a ranking methodology based on their non-financial performance. The aim of this chapter is to present two ranking methods for mutual funds based on their socially responsible performance. The ranking approaches suggested can be under...

Different factors explaining divergent results on the relationship between corporate Social Performance (SP) and Financial Performance (FP) can be found in the academic literature. The main objective of this chapter is to test the impact of these factors on these divergent results. It also aims to assess the intensity of the sensitivity of this rel...

During the late years, given the causes of the 2008 financial crisis, ethical, social, environmental and governance concerns have become relevant investment decision criteria for both individual and institutional investors. However, while a diverse set of models has been developed to support investment decision-making based on financial criteria, m...

The study analyzes in Spain the relationship between fecundity and marriage. In order to analyze how marriage and fertility are interrelated variables over time empirically evaluated a model that attempts to capture the non-causal temporal relationships between both phenomena in Spain. The analysisis approached by a VAR model and impulse response f...

As we have seen in Chap. 3, one of the critical issues in SRI analysis is how to measure social responsibility levels of financial assets. Frequently, there is available disaggregated information on SRI strengths and concerns of assets from each socially responsible criterion. This information is usually provided by independent institutions like ra...

In this work we focus on the obtaining of an integrative measure of Corporate Social Responsibility which does not require a unique precise definition of this concept. The proposed method will allow the ranking of firms based on this integrative measure which will incorporate all the available information from different sources. Moreover, a Soft Co...

Con objeto de analizar en qué medida nupcialidad y fecundidad constituyen variables relacionadas entre sí a lo largo del tiempo, se evalúa empíricamente un modelo que intenta capturar las relaciones temporales no causales entre ambos fenómenos en España. El análisis se aborda mediante un modelo de vectores autorregresivos y funciones impulso-respue...

In this chapter we present an individual investment decision making tool for stocks’ portfolio selection taking into account the subjective and individual preferences about different financial and socially responsible features of a particular investor. In order to do so, the first problem to be solved is the measurement of the degree of social resp...

In the previous chapter we highlighted the important growth experienced by SRI especially remarkable after the 2008 financial crisis. In this context of growth it is important to know the profile of the important emerging group of investors willing to invest with social responsibility criteria, especially in countries like Spain, where this kind of...

Socially Responsible Investing (SRI) corresponds to an investment practice that takes into account not only the usual return-risk criteria, but also other non-financial dimensions, namely in terms of environmental, social and governance concerns. However, while a diverse set of models has been developed to support investment decision-making based o...

The study analyzes in Spain the relationship between fecundity and marriage. In order to analyze how marriage and fertility are interrelated variables over time empirically evaluated a model that attempts to capture the noncausal temporal relationships between both phenomena in Spain. The analysis is approached by a VAR model and impulse response f...

Socially Responsible Investing (SRI), also known as sustainable or ethical investing, corresponds to an investment practice that takes into account not only the usual return-risk criteria, but also other non-financial dimensions, namely in terms of environmental, social and governance concerns. Recently, given the causes of the 2008 financial crisi...

The growing size of multinational firms and their increasing sphere of influence, combined with the inability of states and transnational organizations to regulate them have trigger the need for a new type of regulation. A first suggestion is structuring and organizing a strong civil society. However, while some experiments have been successful (Ni...

Socially Responsible Investing (SRI) corresponds to an investment practice that takes into account not only the usual financial return-risk criteria, but also other non-financial dimensions, namely in terms of environmental, social and governance concerns. In recent years, SRI has undergone tremendous growth that has increased even more after the 2...

In this work an indicator of the social responsibility degree of mutual funds is proposed based on the mutual fund's screening policy and on the quality of the information provided by the fund manager. Once this indicator is obtained it is included as a constraint in the mean-variance classical optimization model. An exploratory numerical experimen...

Socially responsible investors pursue financial as well as nonfinancial goals. Whereas the role of financial criteria in investment decisions is well understood, much less is known on the influence of social responsibility considerations. This work seeks to integrate both dimensions within a data envelopment analysis framework consistent with secon...

Socially Responsible Investing (SRI) is broadly defined as an investment process that integrates not only financial but also social, environmental, and ethical (SEE) considerations into investment decision making. SRI has grown rapidly around the world in the last decades. In the last years, given the causes of the 2008 financial crisis, ethical, s...

This paper illustrates the use of a post hoc predictive segmentation procedure to segment the loyalty card market. The specific procedure used is CHAID, an algorithm that has been gaining in acceptance because it fits the needs of marketing researchers regarding segmentation: it provides non-binary classification trees; the resulting categories/seg...

La existencia de incertidumbre introduce importantes limitaciones en el modelo clásico de Downs, donde se asume que los individuos tienen un conocimiento perfecto de todas las variables de decisión. En este contexto parece razonable, una teoría del comportamiento electoral que incorpore de una forma explícita la incertidumbre que los votantes tiene...

La evolución que sufrió la producción de viviendas que tuvo lugar en España a lo largo de las últimas décadas, presenta un desarrollo creciente. Son distintos factores los que pueden llegar a influir en la producción de viviendas terminadas. A lo largo de este trabajo centraremos concretamente en dos: Población y Producto Interior Bruto (PIB). Obse...

El modelo de ciclo político de Nordhaus supone que los gobernantes tienen un incentivo para estimular el desarrollo económico en la época inmediatamente anterior a las elecciones con el objetivo de aumentar las probabilidades de ser reelegidos. En consecuencia se predice la evolución cíclica de las variables macroeconómicas de decisión electoral pa...

Resumen En este trabajo se presenta un estudio de la evaluación y su implicación en el proceso de aprendizaje en las asignaturas obligatorias que imparte el Departamento de Economía Cuantitativa en la Escuela Universitaria de Estudios Empresariales de Oviedo. La inminente llegada de los nuevos planes de estudio en el marco del Espacio Europeo de Ed...