Rodeiro-Pazos David

University of Santiago de Compostela | USC · Departamento de Economía Financiera y Contabilidad

As is the case with any economic activity, the challenge of guaranteeing the economic and financial sustainability of the newspaper industry is recurrent, and the challenge is redoubled in periods of industry transformation, as has occurred in the media business, where there are various levels of disruption, particularly in terms of the financing m...

The role of science and technology parks (STPs) in economic development, and in particular in the growth of the firms, has received considerable attention from government policies in different countries. However, there is no consensus in the literature on whether the location in these parks has positive effects on firms’ sales growth. This paper ai...

The role of science and technology parks (STPs) in economic development, and in particular in the growth of the firms, has received considerable attention from government policies in different countries. However, there is no consensus in the literature on whether the location in these parks has positive effects on firms’ sales growth. This paper ai...

One of the main objectives of science and technology parks (STPs) is to contribute to regional development through the creation of skilled jobs in the territory where they are located. However, despite the expansion of these infrastructures over the last decades and the governmental support they receive, there is very little empirical evidence on h...

Purpose This paper provides empirical evidence for how gender diversity in top management teams (TMTs) and collaboration with university and technological centres lead to innovation outcomes. The authors review past research on these concepts and illustrate their individual and joint effects on process innovation specifically in the unique context...

The idiosyncrasies of family firms (FFs) may enable or hamper their ability to exploit the region’s knowledge spillovers. To the date, this issue has not been addressed by the literature. The purpose of this paper is twofold: firstly, to explore whether FF nature influences on firm innovative performance by acknowledging the fact that firm innovati...

Working capital management (WCM) is a critical matter for the growth of firms, especially small and medium‐sized manufacturing companies faced with liquidity shortages whose current assets account for a significant part of their investments. These characteristics describe most companies in the fish processing industry. Using a sample of more than 1...

The end of the economic crisis initiated in 2008 was not the end of the newspaper crisis. The shifts introduced by digitalisation are increasingly deeper, and advertising spending on newspapers continued to fall during the economic recovery. To study how the firms adapted to this declining market, this article performs an in-depth financial analysi...

In recent years, households have become increasingly indebted, which constitutes a matter of concern. Based on a sample from the Spanish Survey of Financial Competences , this paper examines the relationship between self-control and consumer borrowing behaviour and, in so doing, it proposes a new multi-item scale of individual’s self-control in fin...

La transferencia de conocimiento desde las universidades, a través de la creación de empresas denominadas spin-off universitarias (SOU), ha ganado el interés de los investigadores durante las últimas dos décadas. Su estudio es abordado desde las dimensiones individual, institucional y contextual. Este artículo se enfoca en la dimensión instituciona...

In the current knowledge economy, firms hardly innovate alone; the collaboration with other partners has become crucial for successful innovation. Literature has recently focused on two modes of collaboration: the learning-by-doing, by-using and by-interacting (DUI) and science and technology-based innovation (STI). Nevertheless, collaboration seem...

Digitalisation led to a structural crisis in the newspaper industry, undermining revenues from both readers and advertisers. Economies of scale play a central role in the newspaper business, but in a context of falling incomes, the major route to take advantage of them is the reduction in the asset size and operating costs. The digital business mod...

The Blue Economy is an emerging paradigm with the potential to foster balanced socio-economic development of the world’s oceans and coastal areas, but it requires an understanding of the stakeholder landscape at a national and at an international sea basin scale, so that we can model potential equitable and collaborative economic development. Apply...

Aging of the population has created a direct effect on economies and tension on social security systems. Policymakers have been senior entrepreneurship as an option to reduce unemployment and delay the age of retirement. The positive effects, of creating a firm increase when is operating in technology‐based sectors. This paper explores the technolo...

España es uno de los principales productores de conserva de pescado de Europa y este es un sector económico de gran relevancia para su economía. En los últimos años parte de las compañías del sector, en su mayoría pequeñas y medianas empresas, está sufriendo problemas de liquidez y bajas rentabilidades que pueden estar asociados, en parte, a la ges...

The innovation barriers to small and medium-sized enterprises affect their innovative process and influence their company development. In this empirical work, we analyze the cost, market, and knowledge barriers that impede or delay the development of innovative activities and projects in Ecuadorian SMEs. A logit estimation model uses fixed-effects...

Previous research on the firm growth of the university spin‐offs (USOs) and its drivers yields inconclusive results. Recently, the literature on the high‐growth firms (HGFs) has relied on regression quantile methods to study how the effects of growth determinants may differ along the firm growth distribution. This study builds a bridge between the...

Regional report of thel Global Entrepreneurship Monitor for Galicia 2020-2021.

Universities have created USOs to exploit the research knowledge and contribute to the economic development of their regions in the last decades, leading to an extensive literature on the topic. However, this growing literature has widely overlooked the links between firm size and survival. This paper explores simultaneously the role of size and ot...

Un año más el equipo GEM Galicia presenta el informe de seguimiento de la actividad emprendedora en Galicia: Pero esta edición no es como las demás. La actual situación de crisis sanitaria, económica y social derivada de la pandemia de la COVID-19 ha provocado un complejo contexto para la elaboración del trabajo. Esto nos ha llevado a estructura...

Credit restrictions, such as those happening in the current context shaped by the crisis derived from COVID-19, make working capital management (WCM) a driving force behind SME performance. This paper analyses whether WCM policies affect the economic and financial profitability of Spanish companies in the fish canning industry. Spain leads the EU’s...

The current environment of high competitiveness has made innovative firms, especially job-creating ones, central to regional economic growth. Most of previous studies have not considered the interactions between internal and regional factors, and has focused on product innovation performance. This paper aims to fill both gaps in the literature on t...

Millennials are currently facing particular financial challenges that will condition the future financial well-being of the society as a whole, and the decision-making process happening in worse circumstances than those of preceding generations. However, few studies to date have deeply analyzed millennials’ financial behaviors, and particularly, ho...

Small and medium-sized enterprises (SMEs) are a significant part of the business network in Ecuador, as they contribute to the gross domestic product and the labor force. The aim of this research is to determine the impact of innovation persistence on the growth of Ecuadorian SMEs, through sales and employment growth variables. This phenomenon is a...

It has been acknowledged that exporting and innovation activities become key performance drivers of firm growth. In this chapter, using dynamic panel data methodology with a sample of 3267 Spanish manufacturing firms over the period 2004–2014, we explore whether the effect of exports and technological innovation on firm growth differs depending on...

Dadas las incertidumbres en el mercado de trabajo, el emprendimiento se presenta como una alternativa relevante para absorber los excedentes de mano de obra existentes, contribuyendo además a un mayor bienestar social. En particular, los estudiantes universitarios juegan un papel importante para el desarrollo del emprendimiento dada su formación fo...

Informe anual sobre la actividad emprendedora en la comunidad autónoma de Galicia. Incluye un monográfico sobre el impacto de la Covid-19 en el emprendimiento tras los primeros meses de parón económico derivado de la pandemia.

Working capital management (WCM) is a key question for firms' profitability, especially for small and medium enterprises faced with severe financial restrictions and whose current assets account for a significant part of their investments. These features describe most firms in the livestock industry. However, studies on WCM related to these firms a...

University spin-offs (USOs) have become a common way to transfer new knowledge to society and create value, boosting economic growth. While innovative and export activities have been extensively researched as survival drivers in the organizational literature, the joint effects of both activities on firm survival has often been ignored, especially i...

La partición de la población española en iniciativas emprendedoras en fase inicial se mantiene un año más en torno a la cifra de seis personas por cada cien. Con estos resultados, España se posiciona por debajo de la media de las economías de la Unión Europea participantes en el proyecto GEM en lo que respecta al porcentaje de emprendedores potenci...

La utilización de fuentes de energía renovables ha aumentado en las últimas décadas, pero el acceso al capital es la principal barrera en el denominado financiamiento verde. Los proyectos del sector de energía renovable (proyectos RES) son generalmente más costosos, con mayor riesgo y un mayor plazo de recuperación. El crowdfunding se ha convertido...

Individuals’ financial well-being has been recognised as an important concern to reach individuals’ general well-being and societal welfare. In this context, understanding how individuals can ensure a good state of financial well-being is a critical question. However, previous studies have not paid enough attention to underlying the mechanisms by w...

El emprendimiento es una prioridad para los gobiernos en todo el mundo y numerosos estudios han señalado la importancia de la gobernanza para promover la creación de empresas. En este trabajo utilizamos una modelización multinivel sobre una muestra de 206 países, para el período 2004-2014, para probar empíricamente tres hipótesis. En primer lugar,...

University Spin-Offs (USOs) are dynamically involved in the knowledge spillover process and incorporated in the regional entrepreneurial ecosystem. Drawing on the knowledge spillovers related concepts and entrepreneurial ecosystem approach, the paper aims to explore the hypothesis that the regional context may partially determine the USOs' growth v...

The creation of university spin-off firms (USOs) to commercialize the academic research outputs contributes to the economic development of the regions. These firms are often resource-constrained, which may hamper their growth. However, the involvement of venture capital (VC) partners in their management can partly counterbalance their traditional l...

Os parques científicos e tecnolóxicos son considerados unha ferramenta esencial do Sistema Rexional de Innovación. Por iso, neste traballo realízase unha análise das características empresariais, financeiras e de innovación das empresas situadas en parques científicos e tecnolóxicos da Eurorrexión Galicia-Norte de Portugal. As empresas de parques g...

El Informe GEM analiza el emprendimiento desde la fase más reciente del proceso emprendedor, o “emprendimiento potencial” a la fase de consolidación de la empresa, pasando por las fases de puesta en marcha y primeros años actividad, lo que se define como “actividad em-prendedora (TEA)”. El emprendimiento potencial recoge aque-lla parte de la poblac...

This paper explores how the entrepreneurial outcomes (patents, university spin-offs, research projects and R&D contracts) of universities relate to the availability and use of information and telecommunications (IT) solutions for knowledge management (KM) over the period 2011-2014. We hypothesize that entrepreneurial universities may benefit from a...

The objective of this research is to analyze the relationship between size and growth through the validation of Gibrat's law. A sample of 17,082 Ecuadorian companies in the service sector is used for the period 2010–2015. The estimation method used is that of quantile regression for panel data; the results suggest that small companies grow faster t...

This paper explores the role of gender in new technology-based firms creation and whether this role differs across developed and emerging countries. By using a sample of 244,471 individuals in 70 countries, the results firstly show a negative relationship between being a woman and setting up a technology entrepreneurial initiative, regardless the s...

Research transfer depends mostly on the firm’s goodwill for cooperation. However, very few papers deal with the intentions and attitudes of firm’s representatives when they decide to cooperate with universities. Following an outside/in approach, this paper explores firms’ attitudes towards R&D cooperation by focusing on the determinants of both hav...

This paper studies the attitudes and decisions of research groups led by men or women towards the collaboration with firms in research and development joint projects. We worked with a sample of 420 research groups of eight regions of Spain, France and Portugal in a sequential process. First, we studied the interest of the research groups to collabo...

Research transfer depends mostly on the firm’s goodwill for cooperation. However, very few papers deal with the intentions and attitudes of firm’s representatives when they decide to cooperate with universities. Following an outside/in approach, this paper explores firms’ attitudes towards R&D cooperation by focusing on the determinants of both hav...

This paper advances the study of the researcher's motivators to collaborate with firms from a triple helix perspective. Based on a conceptual framework that relates the agency theory assumptions with those variables that literature considers as motivators of the researchers and firms to collaborate, we worked with a sample of 420 research groups of...

Since the studies of Schumpeter (1939), Solow (1957), or Nelson and Sidney (1982), innovation has been considered one of the major drivers of economic growth. This paper explores the relationship between firms' innovation and sales growth. Using an original dataset of 80 listed Spanish firms over the period 2004-2014, we firstly apply a panel data...

Environmental and sustainable projects face difficulties to attract capital and, recently, entrepreneurs have started to get funds directly from the “crowd”, instead or/in addition of traditional investors. The objective of this article is to explore the characteristics of the business models (BMs) used to fund renewable energy sources (RES) projec...

Ecuador foi un dos países latinoamericanos que experimentou cambios significativos no campo social e económico nas últimas décadas, converténdose nunha das economías máis importantes da rexión. Por iso, resulta relevante coñecer as relacións existentes entre o tamaño e a taxa de crecemento das empresas deste país. Este traballo realiza a súa achega...

The establishment of spin-offs to commercialise university knowledge/technology is a potential mechanism to promote economic and innovative development. Nevertheless, University Spin-Offs (USOs) are usually resource-constrained, especially in obtaining funding, limiting their growth. Venture Capital (VC) investors play an important role in the fina...

University Spin-Offs (USOs) are actively involved in the knowledge spillover process and fully integrated in the regional innovation systems. Drawing on the Knowledge Spillover Theory of Entrepreneurship and using a multilevel approach of analysis, we explore whether the region's knowledge spillover and the firm's absorptive capacity jointly determ...

Ecuador has been one of the Latin American countries which experienced significant changes in the social and economic field in recent decades, becoming one of the most important economies in the region. Therefore, it is relevant to know the existing relationships between the size and growth of companies in this country. This study accomplishes this...

The present investigation analyses the relationship between the size of the companies and their growth in contrast to Gibrat's law, for which it analyses a sample of 2,915 Ecuadorian manufacturing companies in the period 2012-2016. We apply regression by quantiles for panel data in order to establish the effect of variables with business characteri...

Considering the short- and long-term equilibrium between indices, the present article analyses the relationship of two segments of stock markets: environmentally sustainable investment and traditional indices. We used Johansen cointegration tests and a multivariate model of conditioned heteroscedasticity on seven stock indices: five corresponding t...

La estacionalidad de la actividad oleica, incide que los flujos de caja por ventas de contado y a crédito. Sus plazos y recuperación de efectivo, afectan el rendimiento financiero de las empresas involucradas en dicha actividad. En el entorno empresarial se rumora que dicha actividad oleica es de baja rentabilidad, lo cual motiva esta investigación...

Previous literature has focused on either the direct or indirect contribution of cultural and creative industries (CCI) firms to the innovation capability of the wider economy, while the reverse approach, that is, the effect of region on CCI firms’ innovation, has been completely neglected. In this paper, it is argued that the innovative performanc...

Purpose: Policies implemented by different government administrations to promote the transfer of research results have significantly increased the number of university spin-offs created and their survival rate. However, these companies are frequently perceived by investors as less market or commercial oriented than non-academic start-ups. This pape...

This paper advances the study of the researcher's motivators to collaborate with firms from a triple helix perspective. Based on a conceptual framework that relates the agency theory assumptions with those variables that literature considers as motivators of the researchers and firms to collaborate, we worked with a sample of 420 research groups of...

Purpose This study aims to determine that the factors that lead to university spin-offs (USOs) high-growth firms (HGFs). In recent years, HGFs have been a topic of growing interest in the field of economic research because of these companies’ capacity for job creation and the dynamism they bring to the growth of the economy. In parallel, companies...

This article explores the determinants of firms’ R&D cooperation with research groups understanding university–industry cooperation as a sequential process. In so doing, we study the determinants of both firms’ interest in and decision to engage in cooperation agreements. We applied both probit models and regression models for count data on a sampl...

Purpose The purpose of this paper is to explore the hypothesis that the female-owned university spin-off organizations (USOs) have a similar resource endowment and, as a consequence, growth rates similar to the male-owned USOs. Design/methodology/approach A unique and original longitudinal data set, which is an unbalanced panel, consisting of 120...

Un año más (y ya son una docena) tienes en tus manos el informe UNIVERSITIC, análisis global y minucioso de las TI en el Sistema Universitario Español (SUE). Como viene siendo habitual, está estructurado en tres capítulos, una introducción y distintos anexos y elementos complementarios. Aunque el núcleo central que da sentido y continuidad al infor...

Purpose The purpose of this paper is to explore the relationship between the availability and use of IT solutions for strategic knowledge management (SKM) and the universities’ performance, measured in terms of scientific production. Design/methodology/approach Drawing on the resource-based view (RBV) and the knowledge-based theory, the authors de...

Purpose: This paper aims to explore the determinants of firms’ attitudes to R&D cooperation with universities with the goal to propose a model of knowledge transfer university-firm. Design/methodology/approach: By understanding university-industry cooperation as a process, the model in this study is based on two factors: the “promoter of universit...

Knowledge Intensive Business Services (KIBS) firms are emerging into a knowledge-processing and knowledge-producing industry. Universities contribute to the creation of KIBS firms through university spin-offs (USOs), which represent an opportunity to boost knowledge spillovers from university to industry thanks to their cutting-edge research knowle...

El análisis de las pequeñas y medianas empresas (pymes) es un tema que han abordado una gran cantidad de investigadores bajo la premisa de que este grupo de empresas es un importante dinamizador de la economía de un país. En el caso de Ecuador diversos estudios indican que este tipo de empresas representa un porcentaje importante en cuanto a su núm...

The new technology-based firms (NTBF) are a key element of economic growth, and therefore, understanding NTBF´s driving forces becomes a particularly important field of study. Relatively few studies have addressed the analysis of the determinants of technology entrepreneurship (TE), and those that did, have paid more attention to institutional or e...

The degree of connection and integration between stock market indices is crucial to identifying the potential benefits associated with international diversification. However, there have been no findings on relationships between sustainability indices. The present study analyses the existence of equilibrium between short- and long-term environmental...

This paper analyzes the relationship between firms’ innovation and growth measured by sales and labor productivity in Ecuador. The literature on this topic has focused mainly on developed countries. We apply panel data quantile regressions to analyze a sample of 99,872 private limited company and public limited company for the period 2000-2013. Qua...