Vol 10 No 1 (2016): JANUARY-APRIL

This tenth volume of the Globalisation, Competitiveness and Governability magazine meets the publication date expected by our readers and complies with internationally accepted quality standards audited by LATINDEX (the guarantor of scientific standards in Latin America and the Caribbean). GCG remains indexed to SCOPUS (Elsevier Bibliographic Databases. Scimago Journal Rank 2014 (SJR) : 0.101 Q4  Category: Business, Management and Accounting (219 of 236); in EconLit (American Economic Association), ABI / INFORM Complete (Proquest), Ulrich´s Periodicals Directory; Ebsco Publishing´s Databases (Business Source Complete); DICE (ANECA-CSIC), RESH, etc.. This focus on quality has qualified GCG as an A-rated magazine and it ranks 56th out of 233 (7 out of 26 among Economy and Business magazines) among all Spanish human and social sciences magazines in the Web of Science and/or SCOPUS (ISOC-CSIC); and it currently ranks 22nd out of 65 Spanish magazines in the field of Economy and Business and 7th out of 38 magazines in the field of Political Science and Government according to Index H of "Revistas Científicas Españolas" and Google Scholar Metrics, 2010-2014. We encourage authors to send in articles that meet the required standards and provide executives and business owners with responses and valuable insight in relation to their own concerns and problems.

The first article analyses a Brazilian accounting standard applicable to the public sector, NBC T 16:11, governing the application and use of the Cost Information System in the public sector (SICSP). Ederson Luiz Lovato, Antonio Gonçalves de Oliveira, Inácio Andruski Guimarães, and Anderson Catapan (Paraná Federal Technology University, Brazil) address the following question: What is the perception of users regarding the importance of the SICSP as a management and managerial action tool? To ascertain the opinions of those responsible for application and use of the SICSP, the authors use exploratory and explanatory research methods, concluding that the SICSP offers a significant contribution as a management and planning tool and facilitates managerial action, among other findings.

Edmundo R Lizarzaburu (ESAN University, Peru) and Jesus Del Brio (Oviedo University, Spain) propose a theoretical model that links corporate social responsibility and corporate reputation, on the basis of which they put forward a hypothesis about its influence on investor confidence through case studies at financial companies located in Peru. They use case studies to analyse four Peruvian banks that account for 25% of participants in the Peruvian banking system and represent 80% of three financial indicators: % loans, % deposits and % equity. In the authors' opinion the reputations of Peruvian banks have improved as a result of their actions in the area of social responsibility. This improved reputation has strengthened their enterprise value.

In the following article, Carmen Jaca, Marta de Zárraga Rodriguez, Elisabeth Viles and M. Jesús Álvarez (Navarra University, Spain) analyse how information can be managed and used efficiently in companies and how this forms part of the innovation process. The study looks at the role of efficient management and use of information in innovation based on the experiences of managers of Spanish companies acknowledged to be innovative, using a grounded theory. The results obtained suggest that a company's strategy promotes values and an organisational strategy aligned with innovation and present benchmarks that explain the factors that support innovation management in companies; thereby helping to understand to what extent the efficient management and use of information and knowledge management are a potential source of innovation.

Setting asset prices is one of the greatest challenges facing the fixed income markets, particularly prices for assets issued on foreign markets. Débora Confortini, Luiz Paulo Lopes Fávero (São Paulo University, Brazil) and Robson Braga (Bahia State University, Brazil) analyse the probable influence of certain variables in the valuation of debt issues made by Brazilian companies in the US market. To conduct a more diversified study, the authors selected six different issues in the period from January 2008 to December 2015, with similar terms and different credit notes. Using regression models, the authors conclude that the main variables affecting asset prices are identified using a different approach for short and long term securities. The model suggested in the research study can help fixed income investors and analysts to take decisions on setting asset prices.

Entrepreneurs are the main job creators to boost countries' economic and social regeneration. The economic-financial and social crisis emerging in the past few years has given rise to a new climate in which the need to further identify the components of entrepreneurism is especially relevant. The objective of this article is to analyse attitudes to and motives for entrepreneurism, and the main impetuses and difficulties arising when undertaking a business project in today's society. For the authors, Ana María Romero Martínez (Complutense Univesity, Madrid) and Mónica Milone (Amway) the results demonstrate that most of those responding to the survey hold a positive view of entrepreneurism. To work independently, realise one's potential and find an alternative to unemployment are the main motivations but fear of failure and the unfavourable social climate hold people back.

Professors Felipe Hernández Perlines and Juan Pablo Sánchez-Infante (Castilla La Mancha University, Spain) analyse the influence of Corporate Social Responsibility (CSR) on Economic Results (ER) in micro, small and medium sized companies (micro SMEs). A model has been prepared using data from the sustainability reports of 278 Spanish micro SMEs drawn up under GRI standards. The results lead the authors to state that micro SMEs also carry out CSR activities and those that do have improved their results, this is in line with studies conducted previously for larger companies, and concludes that there is a directly observable impact of CSR activities on ER, with no need for mediating or moderating variables.

Once again we would like to thank all of you who make this magazine run smoothly: members of the Advisory Committee, Editorial Board, Editors and Associate Area Editors, evaluators, authors and above all, our readers.