Vol. 18 No. 1 (2024)

This issue of the Journal of Globalization, Competitiveness, and Governability continues with its commitment to our readers, in terms of frequency and quality criteria that are internationally accepted and audited by a number of institutions. GCG is currently indexed in: SCOPUS (Elsevier Bibliographic Databases. Scimago Journal Rank), Categories: Business, Management and Accounting, Economics, Econometrics and Finance; EconLit (American Economic Association's electronic bibliography); EBSCO Publishing databases (Business Source Complete; Business Source Premier; Business Source Elite; Fuente Académica Premier; Fuente Académica Plus); and ABI/INFORM (ProQuest; LATINDEX; REDALYC; Google Scholar Metrics. This drive for quality has seen GCG categorised as an A-level Journal (top category) of all the Spanish Journals dealing with the human and social sciences by Web of Science and/or SCOPUS (ISOC-CSIC).

In the first paper, Victor Godeiro de Medeiros Lima and Andrea de Oliveira Gonçalves (Universidade de Brasília, Brazil) investigate the possibility of the existence of an environmental discontinuity in federal public teaching hospitals due to the incorporation of Empresa Brasileira de Serviços Hospitalários (EBSERH). The research methodology was the difference method with a quantitative approach, analyzing 51 hospitals, with 9 being excluded. For the authors, the results show that there were signs of discontinuity in two of the three dependent variables, the average admission per patient (at 1%) and the mortality rate (at 10%).

Cleonice Witt (Universidade do Contestado, Brazil), Ilse Maria Beuren (Universidade Federal de Santa Catarina, Brazil) and Nelson Hein (Universidade Regional de Blumenau, Brazil) analyze the influence of budgetary deviation and turbulence on the primary outcome of local governments with data from 230 Brazilian municipalities using hierarchical linear models. For the authors, budgetary turbulence seems to have a negative influence on the primary outcome of small municipalities and a positive influence on medium and large ones. Moreover, budget drift seems to negatively influence medium-sized municipalities and positively influence small and large municipalities. They conclude that when budgetary turbulences and deviations occur, the primary result of small and medium-sized municipalities is influenced negatively and that of large municipalities positively.

Matheus de Lima Marques and Odilanei Morais dos Santos (Universidade Federal do Rio de Janeiro, Brazil) investigate the perspectives of Brazilian accounting professors on the accounting treatment of cryptocurrencies. According to the authors, the experts established a moderate consensus between the situations examined for circumstances in which an entity purchases cryptocurrencies for itself and in cases where an entity produces cryptocurrencies (mining). In such circumstances, the initial recognition should be a financial instrument and the initial and subsequent measurement at fair value. This understanding differs from the prevailing literature, which states that cryptocurrencies cannot be recognized as a financial instrument. There are also disagreements about initial and subsequent valuations. As a result, the regulatory accounting framework needs to be updated so that cryptocurrencies can be more reliably recognized, valued and disclosed.

In the following article, the authors project Mexican economic growth in the face of SARS COV-2, using a Cobb-Douglas production function and annual data from 1980 to 2022. For Eugenio Guzmán-Soria (Tecnológico Nacional de México); Samuel Rebollar-Rebollar (Universidad Autónoma del Estado de México); Juvencio Hernández-Martínez (Universidad Autónoma del Estado de México); Aníbal Terrones-Cordero (Universidad Autónoma del Estado de Hidalgo, Mexico) and Nicolás Callejas-Juárez (Universidad Autónoma de Chihuahua. Mexico), the results of the labor (0.60) and capital (0.37) elasticities indicate that the Mexican economy has a very close relationship with its labor force. The Solow residual (-10.26), which explains the factors that favor the economic development of a region, derived from technical progress, being negative indicates in part the lack of constancy in the gross formation of capital in Mexico, which has affected the growth rate, even when the labor factor has remained on the rise.

Researchers Erik Muñoz H. (Universidad de Talca, Chile), Francisco Gálvez-Gamboa (Universidad Católica del Maule, Chile) and Elmer Sánchez Dávila (Universidad Peruana de Ciencias Aplicadas, Lima, Peru) study the connectivity of seven regional financial markets from 2018 to 2023 through a TVP-VAR model. The selected time period allows us to study the effects of connectivity before and after international shocks such as COVID-19 and the Russian-Ukrainian war. The results show that these markets are highly connected, but the results are heterogeneous depending on the international shock. During the COVID-19 pandemic, global uncertainty led to greater interconnectedness; while the war conflict has no significant implications, but it did increase the sensitivity of regional markets close to the armed conflict.

Felipe Arenas-Torres, Paz Cabrera-Vargas and Michel Zamorano-Labra (Universidad de Talca, Chile) seek to determine the impact of board diversity on the implementation of compliance practices in Chilean companies. The research considered 1,322 reports on Social Responsibility and Corporate Governance. The results indicate that the degree of adoption of compliance practices is partially explained by the diversity in the composition of the boards of directors of Chilean companies. Likewise, the authors conclude that in Chile, there is a need for greater concern on the part of the authorities in the implementation of practices for the composition of boards of directors, and that compliance is a mechanism that is increasingly present in corporate governance.

I would once again like to thank all those who have made this journal possible: members of the Advisory Board, the Editorial Board, Editors and Associate Editors, assessors, authors and, last but not least, the readers.

Editor in Chief