2024
Autores
Rocha, R; Bandeira, A; Ramos, P;
Publicação
SUSTAINABILITY
Abstract
This research aims to analyze the impact of social responsibility (SR) on the performance of 216 European companies from 2017 to 2021. The objective of this research is to determine how the operational, financial, and market performance of companies is influenced by social responsibility practices. The methodology adopted is quantitative in nature, using the estimation of models for panel data. To quantify corporate performance, this study uses the return on assets (ROA), the return on equity (ROE), and finally Tobin's Q ratio. Additionally, environment, social, and governance (ESG) and United Nations Global Compact (GC) scores are used to quantify SR. Our findings indicate a complex relationship between SR and corporate performance. While SR positively impacts market performance, it negatively affects operational and financial performance. This disparity becomes more pronounced when comparing companies with the highest and lowest SR scores. Further analysis reveals that the environment, social, and governance dimensions of ESG negatively correlate with ROA and ROE, but positively correlate with Tobin's Q. The GC's anti-corruption and environment scores exhibit a negative relationship with Tobin's Q, the human rights dimension negatively correlates with ROE and ROA, and the labor law dimension positively influences ROE. Notably, firm size amplifies these relationships, whereas firm age has a dampening effect. This research offers significant contributions to the literature by providing a comprehensive analysis of the impact of social responsibility on corporate performance based on ESG and GC scores.
2024
Autores
Teixeira, M; Oliveira, JM; Ramos, P;
Publicação
MACHINE LEARNING AND KNOWLEDGE EXTRACTION
Abstract
Retailers depend on accurate sales forecasts to effectively plan operations and manage supply chains. These forecasts are needed across various levels of aggregation, making hierarchical forecasting methods essential for the retail industry. As competition intensifies, the use of promotions has become a widespread strategy, significantly impacting consumer purchasing behavior. This study seeks to improve forecast accuracy by incorporating promotional data into hierarchical forecasting models. Using a sales dataset from a major Portuguese retailer, base forecasts are generated for different hierarchical levels using ARIMA models and Multi-Layer Perceptron (MLP) neural networks. Reconciliation methods including bottom-up, top-down, and optimal reconciliation with OLS and WLS (struct) estimators are employed. The results show that MLPs outperform ARIMA models for forecast horizons longer than one day. While the addition of regressors enhances ARIMA's accuracy, it does not yield similar improvements for MLP. MLPs present a compelling balance of simplicity and efficiency, outperforming ARIMA in flexibility while offering faster training times and lower computational demands compared to more complex deep learning models, making them highly suitable for practical retail forecasting applications.
2024
Autores
Gomes, G; Queirós, M; Ramos, P;
Publicação
SCIENTIFIC ANNALS OF ECONOMICS AND BUSINESS
Abstract
This work aims to contribute to a deeper understanding of cryptocurrencies, which have emerged as a unique form within the financial market. While there are numerous cryptocurrencies available, most individuals are only familiar with Bitcoin. This knowledge gap and the lack of literature on the subject motivated the present study to shed light on the key characteristics of cryptocurrencies, along with their advantages and disadvantages. Additionally, we seek to investigate the integration of cryptocurrencies within the financial market by applying a dynamic equicorrelation model. The analysis covers ten cryptocurrencies from June 2(nd), 2016 to May 25(th), 2021. Through the implementation of the dynamic equicorrelation model, we have reached the conclusion that the degree of integration among cryptocurrencies primarily depends on factors such as trading volume, global stock index performance, energy price fluctuations, gold price movements, financial stress index levels, and the index of US implied volatility.
2024
Autores
Silva, A; Simoes, AC; Blanc, R;
Publicação
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
Abstract
Collaborative robots (cobots) are emerging in manufacturing as a response to the current mass customization production paradigm and the fifth industrial revolution. Before adopting this technology in production processes and benefiting from its advantages, manufacturers need to analyze the investment. Therefore, this study aims to develop a decision -making framework for cobot adoption, incorporating a comprehensive set of quantitative and qualitative criteria, to be used by decision -makers in manufacturing companies. To achieve that objective, a qualitative study was conducted by collecting data through interviews with key actors in the cobot (or advanced manufacturing technologies) adoption decision process in manufacturing companies. The main findings of this study include, firstly, an extensive list of decision criteria, as well as some indicators to be used by decisionmakers, some of which are new to the literature. Secondly, a decision -making framework for cobot adoption is proposed, as well as a set of guidelines to use it. The framework is based on a weighted scoring method and can be customizable by the manufacturing company depending on its specific context, needs, and resources. The main contribution of this study consists in assisting decision -makers of manufacturing companies in performing more complete and sustained decision analyses regarding cobots adoption.
2024
Autores
Couto, G; Simoes, AC; Ferreira, LMDF; Sousa, PSA; Moreira, MRA; Ribeiro, FL;
Publicação
ADVANCES IN PRODUCTION MANAGEMENT SYSTEMS-PRODUCTION MANAGEMENT SYSTEMS FOR VOLATILE, UNCERTAIN, COMPLEX, AND AMBIGUOUS ENVIRONMENTS, APMS 2024, PT III
Abstract
Collaborative robots, or cobots, are increasingly used by manufacturing companies to meet the demands for greater flexibility and to adapt to the trend of mass customisation in production. When considering the adoption of cobots, companies enter a critical decision-making phase. This study aims to identify the relevant decision factors for adopting collaborative robots (cobots) in manufacturing medium-sized enterprises (SMEs) in Portugal, using a combined framework of Technology-Organisation-Environment (TOE), Diffusion of Innovations (DOI) theory, and Institutional Theory. Data was collected through an online survey distributed to Portuguese manufacturing companies, yielding 78 valid responses. Analysis conducted using SmartPLS 4 revealed that top management support, resource availability, and industry pressure significantly influence the adoption decision. However, factors such as the relative advantage of cobots, compatibility with existing processes, organisational innovativeness, human resources quality, and external support did not significantly impact SMEs' adoption of cobots. These findings enhance the understanding of technology management, specifically the process of adopting cobots in manufacturing. The insights from this study help managers focus on the key factors critical for successful cobot adoption, supporting decision-makers in making more informed choices.
2024
Autores
Mesquita, M; Simões, AC; Teles, V; Dalmarco, G;
Publicação
Lecture Notes in Mechanical Engineering
Abstract
Companies are putting more emphasis on the customer experience, associating services with their physical products with the help of emerging technologies. At the same time, several actors participating in research and innovation projects, such as universities, research institutes, and service providers, are involved in the value co-creation process. Thus, this study describes how digitalisation and servitisation in the context of participation in research and innovation projects contributed to innovation in industrial companies’ business model (BM). Qualitative exploratory research took place, collecting data through interviews with twelve key actors in industrial companies. The interviewees were professionals in management and R&D areas and founders from nine European countries who participated in six research and innovation European projects. The exchange of knowledge and experiences between the different actors of the innovation ecosystem influences this. From a practical point of view, research provides managers of industrial companies with the best practices and describes the main changes observed in the BM Canvas. This study also contributes to categorising companies in terms of their service maturity by associating factors other than servitisation, such as digitalisation and the actors of the research and innovation projects. © The Author(s), under exclusive license to Springer Nature Switzerland AG 2024.
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