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Imagen de apoyo de  Follow-On Financing Of Business Angel Backed Companies. "Choices and Sources: Debt vs Equity (Business Angels vs Venture Capitals)"

Follow-On Financing Of Business Angel Backed Companies. "Choices and Sources: Debt vs Equity (Business Angels vs Venture Capitals)"

Por: Tatiana Cuartas Alzate | Fecha: 2019

Abstract: Entrepreneurial Companies play a fundamental role in economic growth, the creation of employment, local and regional development, and social cohesion. Start-ups will not necessarily become the largest source for employment, but they are considered economic drivers that commercialize innovation, expand internationally and create economic value. With the recent increase in prominence of new entrepreneurial ventures all over the world, much attention has been devoted to the creation of new firms. Belgium consists of three main regions: Brussels, Flanders, and Wallonia. The breakdown of start-ups according to these regions is the following: Brussels: 31.5%, Flanders: 53.4%, and Wallonia: 15.1%. Note that Brussels, despite hosting only 11% of all active companies in Belgium, is doing exceptionally well regarding its share of start-ups and scaleups; almost 50% of all Belgian start-ups are concentrated in and around the cities of Brussels, Ghent, and Antwerp. It is no surprise that, being the largest cities of Belgium, students make up for a significant portion of the population. More than half of the companies are active in the following categories: eCommerce, Software as a Service (SaaS), consumer mobile/web applications, industrial technology/production, and education. Half of the companies are at the start-up stage (i.e. completion of MVP or initial customers/revenue). 22% is in the seed stage and 24% in growth stage - 85% of the companies are mainly in B2B. While the majority (55%) of entrepreneurs believe that their product or service is a novelty in the world, only 4% realizes that their product or service is not a market innovation. In addition to that, 23% of startups do not have employees (Mohout, 2016). The supplying side of the market for informal capital consists of high net-worth individuals with considerable business experience, commonly known as Business Angels (BAs). Business Angels invest a portion of their wealth in high-risk, high-return start-ups (Coveney & Moore, Business Angels: Securing Start-up Finance, 1998). While it is difficult to precisely quantify the size of the angel market (due to its informal nature), some studies estimate its size to be twice the size of the institutional venture capital market (Freear, Sohl, & Wetzel, 1995). This suggests that Business Angels provide the largest amount of capital among early-stage ventures and fund a greater number of firms than venture capitalists (VCs) do. After receiving a first investment from a Business Angel, start-ups face a new critical question: whether to raise new funding under the form of debt or equity and, in the case of equity, involving new Business Angels or migrating to Venture Capital. Literature suggests that these young enterprises more often than not receive funds from equity in the early stages. However, in the case of demand for more resources and having a BA as back up, the entrepreneur may appeal to traditional financing sources in order to maintain the ownership. Resumen: Las microempresas juegan un rol fundamental en el crecimiento económico de un país, la creación de nuevos empleos y el desarrollo local y regional. Start-ups no se convierten necesariamente en la mayor fuente de empleo pero si son considerados impulsadores económicos que comercializan innovación, se expanden internacionalmente y crean valor económico. Después de recibir una primera inversión de un Ángel Inversionista, Start-Ups tienen que enfrentar una nueva y critica pregunta: ¿es mejor conseguir nuevos fondos adquiriendo una deuda o nuevo capital proveniente de inversionistas y en caso de recurrir a inversionistas, conseguir un nuevo ángel inversionista o migrar a un fondo de inversión? La literatura sugiere que estas nuevas empresas a menudo reciben fondos de capital en las primeras etapas de inversión. Sin embargo, teniendo un Ángel inversionista como respaldo, el empresario puede optar por métodos de financiación más tradicionales con la intensión de mantener propia la empresa.
Fuente: Biblioteca Virtual Banco de la República Formatos de contenido: Tesis
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  • Economía

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Follow-On Financing Of Business Angel Backed Companies. "Choices and Sources: Debt vs Equity (Business Angels vs Venture Capitals)"

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Imagen de apoyo de  Resisting and Creating the state in the Peasant Reserves Zones in Colombia. Exploring a Social Movement’s Dynamic of Contention in Practice

Resisting and Creating the state in the Peasant Reserves Zones in Colombia. Exploring a Social Movement’s Dynamic of Contention in Practice

Por: Pablo Andrés Durán Chaparro | Fecha: 2017

Abstract: Law 160 of 1994 in Colombia marks a point of transit between the sterile attempts for agrarian reform in the 20th century and a series of market-based land policies. However, this law also marks the end of a cycle of peasant mobilization, especially in border areas, and with it a partial recognition of the peasant settlers is achieved, through what the law named Peasant Reserve Zones (PRZ). These zones allow basically three main things to the inhabitants of frontier zones: the titling of the land that the settlers have transformed and that they informally possess, the closure of the agricultural frontier through a control of the amount of land that can be owned inside the zone, and the peasant governance of the zone. The peasant governance is manifested through processes of territorial ordering, in which the peasant associations that impulse each zone regulates the social and economic activities of it. The majority of the academic literature that has analyzed the PRZ in the last 25 years has focused its attention in particular zones treating them as case studies. Through these cases, this literature has presented the PRZ as a reaction of the peasant communities to the processes of capital accumulation and capital penetration in the Colombian countryside. Nevertheless, this literature has done this analysis without considering in depth the variation in the strategies the PRZ have used in developing a repertoire of contention against the implementation of land policies before the law 160 was issued and after it, and focusing mainly in the critical geography discussion of the dynamics of territorialization. Through a sociological and historical analysis, this paper offers an initial exploration of the dynamic process of formation of a repertoire of contention of the Colombian PRZ. This paper analyzes in a parallel way the formation of the Colombian state and the formation of a peasant social movement. It concludes arguing that the PRZ have developed two repertoires of contention through which they have at the same time resist and create the Colombian state, and 5 strategies that have enabled them a margin of maneuver between the two repertoires.
Fuente: Biblioteca Virtual Banco de la República Formatos de contenido: Tesis
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Resisting and Creating the state in the Peasant Reserves Zones in Colombia. Exploring a Social Movement’s Dynamic of Contention in Practice

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Imagen de apoyo de  Correlating Affective Commitment with Prosocial Behavior: Does Perceived Meaningfulness at Work Matter?

Correlating Affective Commitment with Prosocial Behavior: Does Perceived Meaningfulness at Work Matter?

Por: Orlando Enrique; Vecino Arenas Contreras Pacheco | Fecha: Ca. 2020

Abstract: The present work studies the engagement of prosocial behavior as an antecedent of affective commitment within for-profit organizations. In order to accomplish this, the work focuses on the role of positive feelings. It tests a partial least square-structural equation model using a cross-sectional survey of 144 professional employees from several Colombian industries. Results obtained show that prosocial behavior is associated with affective commitment, but only with the intervention of meaningfulness at work. These associations provide insight into professional employees’ attitudes towards the search for intrinsic motivation and engagement in for-profit organizational environments. Further implications revolve around the justification for working on practices that not only found and foster prosocial behavior in the workplace but also promote skill variety, task identity, and task meaningfulness to obtain adequate levels of engagement and commitment. Finally, since most studies have been conducted in developed countries, this study also contributes to a better understanding of the topic in previously unexplored contexts. In this case, a Latin American emerging economy, like Colombia. Resumen: El presente trabajo estudia el comportamiento prosocial como un antecedente, tanto del trabajo significativo como del compromiso afectivo en el contexto de las organizaciones con fines de lucro. Para ello, el trabajo se enfoca en el papel de los sentimientos positivos y prueba un modelo de ecuaciones estructurales basado en mínimos cuadrados parciales, a partir de la aplicación transversal de un instrumento a 144 empleados profesionales de varias industrias en Colombia. Los resultados obtenidos muestran que el comportamiento prosocial está asociado con el compromiso afectivo, pero solo gracias la intervención de la experiencia de tener un trabajo significativo. Estas asociaciones proporcionan conocimiento sobre las actitudes de los empleados profesionales hacia la búsqueda de la motivación intrínseca y la participación en entornos organizacionales con fines de lucro. Las implicaciones giran en torno a la justificación para trabajar en prácticas gerenciales que no solo encuentran y fomentan el comportamiento prosocial en el lugar de trabajo, sino que también promuevan la variedad de habilidades, la identidad de la tarea y la significancia de la tarea para obtener niveles adecuados de responsabilidad y compromiso. Finalmente, dado que la mayoría de los estudios se han realizado en países desarrollados, este estudio también contribuye a una mejor comprensión del tema en contextos previamente inexplorados; en este caso, una economía en vías de desarrollo, como la colombiana.
Fuente: Biblioteca Virtual Banco de la República Formatos de contenido: Artículos
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Correlating Affective Commitment with Prosocial Behavior: Does Perceived Meaningfulness at Work Matter?

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Imagen de apoyo de  Enmarcando la seguridad y la salud en el trabajo: entre lo reglamentario, lo estratégico y lo moral

Enmarcando la seguridad y la salud en el trabajo: entre lo reglamentario, lo estratégico y lo moral

Por: Orlando Enrique; Lesmez Peralta Contreras Pacheco | Fecha: 2021

Abstract: Using the theoretical-methodological perspective based on experience frameworks, this paper aims at analyzing and understanding the way in which organizations communicate aspects that are related to occupational safety and health. In this sense, we carry out an analysis of the narratives related to this topic and propose a diagnosis mechanism to subjectively measure the burden of the regulatory, strategic, and moral frameworks of these narratives. A panel of Latin American experts applied a three-round Delphi analysis on five case studies in Colombia to illustrate how this mechanism works. In addition to the use of a robust research paradigm, this work contributes by proposing a scheme capable of presenting the motivations and interests of occupational safety and health professionals in perspective, finding imbalances in the way relevant information is transmitted through official messages and channels. Therefore, its use is susceptible to study in this and other areas of knowledge of the organizational discipline, and its adoption could be worthwhile in order to generate more and better knowledge in this regard. Resumen: Haciendo uso de la perspectiva teórico-metodológica basada en los marcos de la experiencia, el presente trabajo tiene como propósito analizar y entender la forma en la que, usualmente, se comunican los aspectos relacionados con la seguridad y la salud en el trabajo en el contexto organizacional. En este sentido, se despliega un análisis sobre las narrativas propias de esta temática y se propone un mecanismo de diagnóstico para medir subjetivamente la carga de los marcos reglamentario, estratégico y moral de dichas narrativas. Un análisis Delphi de tres rondas aplicado por un panel de expertos latinoamericanos sobre cinco casos de estudio en Colombia ilustra la manera en la que el mecanismo en mención puede funcionar. Adicional al uso de un paradigma investigativo robusto, el trabajo contribuye, toda vez que propone un esquema capaz de exponer en perspectiva, las motivaciones y los intereses de los profesionales de la seguridad y salud en el trabajo, encontrando desequilibrios en cuanto a la forma de transmitir información relevante por medio de mensajes y canales oficiales. Por tanto, su uso es susceptible de estudio en esta y otras áreas del conocimiento de la disciplina organizacional, y su adopción podría valer la pena en aras de generar más y mejor conocimiento al respecto.
Fuente: Biblioteca Virtual Banco de la República Formatos de contenido: Artículos
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  • Economía

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Enmarcando la seguridad y la salud en el trabajo: entre lo reglamentario, lo estratégico y lo moral

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Imagen de apoyo de  Thesis Cuartas Jhon

Thesis Cuartas Jhon

Por: Jhon Alexander Cuartas Acosta | Fecha: 2021

Abstract: The adequate provision of service delivery is essential for social welfare; however, providers performance varies, tending to underperform in developing countries. Therefore, whether providers responsiveness is sensitive to citizen oversight remains a relevant question for public governance. To this extent, Understanding the dynamics of accountability as a strategy to foster access, quality, and affordability of services delivery is vital to ensure development. This thesis establishes a quantitative assessment of the relationship between accountability and development. First, I systematically reviewed the empirical literature evaluating how accountability interventions affect service delivery in developing countries between 1990-2020, finding twenty-one papers from nine developing countries. Then, I conducted a meta-analysis based on an RVE model with over 90 outcomes to quantitatively synthesise the effectiveness of accountability in triggering citizen oversight of service delivery and providers responsiveness. The findings suggest that although accountability increases citizen knowledge of civic and political means to demand service delivery reforms, factors such as context, accountability structure and interventions length influence its effectiveness. While the results provide evidence to inform policy-making about aspects that effectively ignite citizen participation, they also suggest future research avenues to further conceptualise this relationship in an era of widely accessible information and new approaches to democracy.
Fuente: Biblioteca Virtual Banco de la República Formatos de contenido: Tesis
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Thesis Cuartas Jhon

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Imagen de apoyo de  ¿Son la misión y visión verdaderos promotores de ventaja competitiva e innovación?

¿Son la misión y visión verdaderos promotores de ventaja competitiva e innovación?

Por: Orlando Enrique; Pirazán Parra Contreras Pacheco | Fecha: 2020

Resumen: Durante años, expertos en Estrategia han resaltado la importancia de definir claramente el marco estratégico de una empresa debido a que éste le permite crear su identidad, propósito y dirección. Asimismo, porque a la vez dicho marco sirve como instrumento para apropiarse de una mayor porción de valor creado a partir de, por ejemplo, la implementación de más y mejores prácticas de innovación empresarial. Sin embargo, ¿es realmente determinante la construcción acuciosa de un marco estratégico para efectos de generar resultados adecuados en términos de innovación y competitividad? El presente trabajo tiene como propósito abordar dicho cuestionamiento. Para ello se pretende desplegar un planteamiento teórico y conceptual sobre el impacto de la calidad del marco estratégico (i.e., misión y visión organizacional) sobre la creación de ventaja competitiva y posterior consecución de una cultura de innovación en las organizaciones. Para ello, en principio se desarrollará una revisión sistemática sobre el impacto de estos dos componentes sobre los resultados organizacionales, y se propondrá el vínculo teórico que puede existir entre las variables involucradas. Los resultados obtenidos serán proposiciones teóricas susceptibles de ser comprobadas empíricamente en un estudio posterior.
Fuente: Biblioteca Virtual Banco de la República Formatos de contenido: Artículos
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  • Economía

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¿Son la misión y visión verdaderos promotores de ventaja competitiva e innovación?

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Imagen de apoyo de  Enmarcando la seguridad y la salud en el trabajo: entre lo reglamentario, lo estratégico y lo moral

Enmarcando la seguridad y la salud en el trabajo: entre lo reglamentario, lo estratégico y lo moral

Por: Orlando Enrique; Lesmez Peralta Contreras Pacheco | Fecha: 2021

Abstract: Using the theoretical-methodological perspective based on experience frameworks, this paper aims at analyzing and understanding the way in which organizations communicate aspects that are related to occupational safety and health. In this sense, we carry out an analysis of the narratives related to this topic and propose a diagnosis mechanism to subjectively measure the burden of the regulatory, strategic, and moral frameworks of these narratives. A panel of Latin American experts applied a three-round Delphi analysis on five case studies in Colombia to illustrate how this mechanism works. In addition to the use of a robust research paradigm, this work contributes by proposing a scheme capable of presenting the motivations and interests of occupational safety and health professionals in perspective, finding imbalances in the way relevant information is transmitted through official messages and channels. Therefore, its use is susceptible to study in this and other areas of knowledge of the organizational discipline, and its adoption could be worthwhile in order to generate more and better knowledge in this regard. Resumen: Haciendo uso de la perspectiva teórico-metodológica basada en los marcos de la experiencia, el presente trabajo tiene como propósito analizar y entender la forma en la que, usualmente, se comunican los aspectos relacionados con la seguridad y la salud en el trabajo en el contexto organizacional. En este sentido, se despliega un análisis sobre las narrativas propias de esta temática y se propone un mecanismo de diagnóstico para medir subjetivamente la carga de los marcos reglamentario, estratégico y moral de dichas narrativas. Un análisis Delphi de tres rondas aplicado por un panel de expertos latinoamericanos sobre cinco casos de estudio en Colombia ilustra la manera en la que el mecanismo en mención puede funcionar. Adicional al uso de un paradigma investigativo robusto, el trabajo contribuye, toda vez que propone un esquema capaz de exponer en perspectiva, las motivaciones y los intereses de los profesionales de la seguridad y salud en el trabajo, encontrando desequilibrios en cuanto a la forma de transmitir información relevante por medio de mensajes y canales oficiales. Por tanto, su uso es susceptible de estudio en esta y otras áreas del conocimiento de la disciplina organizacional, y su adopción podría valer la pena en aras de generar más y mejor conocimiento al respecto.
Fuente: Biblioteca Virtual Banco de la República Formatos de contenido: Artículos
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  • Economía

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Enmarcando la seguridad y la salud en el trabajo: entre lo reglamentario, lo estratégico y lo moral

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Imagen de apoyo de  Green extractivism in Chile: The case of lithium mining in the Salar de Atacama

Green extractivism in Chile: The case of lithium mining in the Salar de Atacama

Por: Sara Mejia Muñoz | Fecha: 2021

Abstract: “Green extractivism” refers to the way in which decarbonisation and the transition to green energy as part of the sustainable development policies of the Global North have increased the commodification of nature and expanded the extraction of minerals. Many of these minerals are located in the Global South, and within the territory of peasant and Indigenous communities. One example is the case of Chile, which has some of the largest reserves of lithium in the world; a mineral used for the production of batteries key to renewable energy technologies. In this dissertation, using a political ecology approach, I examine lithium mining in the Salar de Atacama (“the Salar”) in Chile, and the dynamics between the State, extractive companies, and Atacameña Indigenous communities. With the results obtained through a literature review and document analysis, I demonstrate how green extractivism perpetuates asymmetric local relations, and how this is related to the socio-environmental effects faced by Indigenous Atacameña communities due to the exploitation of lithium mining in their territories. Relying on an original analysis of legal and policy documents, I argue that green extractivism highlights the structural deficiencies of lithium mining regulation and Chile's neoextractivist system. These in turn contribute to the unequal and unfair distribution of the socioenvironmental costs of lithium exploitation in the Salar de Atacama. The dissertation shows that mining companies operating in the Salar benefit from the commodification of nature and transfer externalities to local communities to bear the costs of the green economy policies of the Global North. Nevertheless, I explain that the Atacameña Indigenous communities, despite being in an asymmetric relationship, have assumed an active role, through legal and political mechanisms, in defending their rights and demanding that companies and the State recognise their obligations to protect the Salar’s ecology. The dissertation concludes by contemplating possible political changes through a new constitution in Chile in the next few years and what this may mean for the dominance of green extractivism, especially for the Salar.
Fuente: Biblioteca Virtual Banco de la República Formatos de contenido: Tesis
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Green extractivism in Chile: The case of lithium mining in the Salar de Atacama

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Imagen de apoyo de  Lithium extractivism: perpetuating historical asymmetries in the ‘Green economy’

Lithium extractivism: perpetuating historical asymmetries in the ‘Green economy’

Por: Sara; Babidge Mejia Muñoz | Fecha: 2023

Abstract: The ‘Green economy’, a central plank of the sustainable development political and economic international agenda, relies on industrial extraction of water, minerals and other earths to produce ‘green energy’ to feed capitalist growth. The term Green extractivism describes a global problem that we examine through the case of lithium extraction in the territory of Atacameño-Likanantay (Indigenous) peoples in the Salar de Atacama, Chile. Green extractivism is a multiscalar logic and practice justified in international sustainable development policies, responding to the demands of capital, modifying international and national legal and political instruments, and permeating social, ecological and political realities in the territories of extraction. Green extractivism has many consistencies with the asymmetries of power and economic dependency that characterises the history of extractivism in Chile and Latin America. As such, Green extractivism provides a new logic to sustain consistencies in transnational capitalism. This paper traces national political and legal histories of lithium from the mid-twentieth century, demonstrating the long extractivist relationship between the state and the lithium companies that operate in the Salar de Atacama. We consider, in particular, the dynamics of Atacameño-Likanantay peoples’ participation in and refusals of industry and state processes, which trouble extractivist logics.
Fuente: Biblioteca Virtual Banco de la República Formatos de contenido: Artículos
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Lithium extractivism: perpetuating historical asymmetries in the ‘Green economy’

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Imagen de apoyo de  Contributing from Afar: The Case of Sudanese and Venezuelan Diaspora Organisations in the Humanitarian Crises of their Countries of Origin

Contributing from Afar: The Case of Sudanese and Venezuelan Diaspora Organisations in the Humanitarian Crises of their Countries of Origin

Por: Nathalia Realphe Vivas | Fecha: 2023

Abstract: The case studies of Sudan and Venezuela, in light of the existing literature on diasporas, provide an insight into the role diaspora organisations play in assisting their countries of origin during humanitarian crises. Through a comparative exercise it is shown how they collaborate, coordinate and distribute different types of resources in protracted situations where humanitarian aid is clearly needed but often limited. It is how the performed analysis makes it possible to establish both strengths and weaknesses of these diasporas’ involvement, something that should be carefully considered in terms of the impact on the overall well-being of affected and vulnerable communities in their homelands. Which, in turn, paves the way for more research to be done on diasporas as legitimate humanitarian actors in the international system, as well as highlights the necessity for establishing mutually beneficial relationships with traditional international actors.
Fuente: Biblioteca Virtual Banco de la República Formatos de contenido: Tesis
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Contributing from Afar: The Case of Sudanese and Venezuelan Diaspora Organisations in the Humanitarian Crises of their Countries of Origin

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