Vol 11 No 3 (2017): SEPTEMBER-DECEMBER

The economic, cultural and social impact arising from the ordinary policies ofSpain’s Ministry of Defense (MoD) has recently been studied, thereby underscoring the existence of effects stemming from the activity of the MoD with direct implications for the country’s society and economy. However, studies were not carried out on the relations of the defense industry and their effects on the competitiveness of the companies that make up that industry. For this purpose, Antonio Juan Briones-Peñalver, Juan Andrés Bernal-Conesa and Carmen de Nieves-Nieto (Centro Universitario de la Defensa de San Javier and Universidad Politécnica de Cartagena, Spain), propose a model of structural equations to analyze these relations. The results of the model reveal that there is a positive, significant relation between innovation and cooperation, and between cooperation and competitiveness.

The aim of the next article is to define flaws in the manufacturing process, which enables improvement in planning and performance. By studying a case in the cable industry, José André Villas Boas Mello and Natalia Guedes de Souza Carvalho (Centro Federal de Educação Tecnológica Celso Suckow da Fonseca –Cefet-RJ,Brazil), analyze the growing number of production flaws, a fact that seriously harms the company. Their research uses the Ishikawa diagram and the 5W2H tool to qualify and quantify the data in order to evaluate the impact caused by manufacturing defects. After defining the causes directly related to the cases of non-conformity, and studying the related factors, they devised the possible corrections or actions that should be adopted in the action plan.

In the following article, Professor Felipe Hernández-Perlines (University of Castilla-La Mancha,Spain) analyzes the influence of corporate social responsibility on the performance of Spanish family businesses. For the author, the most relevant outcome of this work is that the use of secondary data gleaned from GRI (Global Reporting Initiative) sustainability reports enable the corporate social responsibility of family businesses to be properly and reliably measured, and the second conclusion of the research is that social responsibility positively influences the performance of family businesses, and is able to explain 45.8% of their variance.

In the next article, Anna Paola Fernandes-Freire, Aline Moura-Costa-da-Silva, Otávio Ribeiro-de-Medeiros and Paulo Roberto da-Nóbrega-Cavalcante (Programa Multi-institucional e Inter-regional de Pós-graduação em Ciências Contábeis. Universidade de Brasília. Universidade Federal da Paraíba. Universidade Federal do Rio Grande do Norte, Brazil), attempt to identify the marginal risk contribution of Brazilian sectors to the systemic risk, considering relevant variables pertaining to the Brazilian and global economies, using structural stress tests. The authors use a risk management model called Conditional Value at Risk (CoVaR), and conclude that the industrial sector contributed most, and the financial sector the least, to the systemic risk of Brazil’s stock exchange, supporting the empirical studies that show that the financial sector is not the only one potentially able to cause systemic crises.

The goal of the research carried out by Giovanni Dutra Menegazzo, Rogério João Lunkes, Alcindo Mendes and Darci Schnorrenberger (Universidade Federal de Santa Catarina,Brazil) is to analyze the relationship between upper echelon demographics and the use of information to support decisions in Brazilian Micro and Small Enterprises (MSEs). The results indicate that the upper echelons of MSEs are more likely to use financial information instead of non-financial. Among the demographic characteristics observed, the authors conclude that education has the greatest influence, followed by age. The remaining characteristics bear practically no relation to the use of information.

In the final article, Harrison Bachion Ceribeli, Fábio José Rodrigues Ferreira and Amanda Almeida Botelho (Universidade Federal de Ouro Preto – UFOP,Brazil) use the structural equations model to attempt to analyze the relation between professional growth opportunities, how employees perceive fairness and their intention of remaining in the organization. The authors conclude that career development and growth opportunities that organizations provide to their collaborators positively influence the way they perceive organizational fairness as well as their intention to stay. They recommend that managers adopt human development tools to complement an attractive career plan to support employees’ professional growth.

Again we would like to thank all those who contribute to the successful operation of the journal: the members of the Advisory Board, Editorial Board, Editors and regional Associate Editors, evaluators, authors, and above all, the readers.