RAN - Revista Academia & Negocios

Real Estate Bubbles in Emerging Economies: A Review of Trends and Future Directions

Jairo Dote-Pardo — Wed, 01 Jan 2025 00:00:00 -0500

Purpose: To analyze the scientific literature on real estate bubbles in emerging economies, identifying the most relevant theoretical, contextual, and methodological trends. The findings offer useful information for policymakers, investors, and academics interested in understanding speculative dynamics and financial stability in less developed markets.
Methodology: A systematic literature review was conducted using data from Web of Science and Scopus. Bibliometric and content analysis techniques were applied under the PRISMA framework, ensuring transparency and methodological rigor. Collaboration network analysis, keyword co-occurrence, and trend detection allowed for mapping the intellectual structure and thematic evolution of the field, combining a quantitative and qualitative approach to identify research gaps and emerging topics.
Results: There is evidence of growing academic interest in real estate bubbles in emerging markets since 1996. The main theoretical approaches are related to behavioral finance, monetary policy, and financial integration. Among the most relevant determinants are credit expansion, investor confidence, and government interventions.
Implications: It contributes to strengthening risk assessment, financial regulation, and sustainable housing policies in developing countries.
Originality: Bibliometric and qualitative methods are integrated to address a poorly systematized phenomenon, offering a novel comparative and contextual perspective on emerging markets.

Strategic direction from the university context and the SDG4: Bibliometric Analysis

Luis Fernando Quintero Arango, Juan Santiago Calle Piedrahita — Wed, 01 Jan 2025 00:00:00 -0500

Purpose: The article analyzes the state of knowledge between university strategic direction and the achievement of Sustainable Development Goal 4. It identifies a disconnect between the two and asks the question: How have scientific production and the articulation between university strategic direction and SDG 4 been addressed?
Methodology: A bibliometric study was based on the Web of Science (WoS) database, given its high academic impact; it covered articles from 2015–2024 and assessed author output, country output, and keyword co?occurrence using VOSviewer and Tree of Science.
Results: The role of university strategic direction for the achievement of SDG 4 is acknowledged. However, few studies contribute to the conceptual approach of the topic, and they omit strategic elements and indicators for implementation.
Implications: The review identifies a gap in university-context literature compared to other SDGs. The results point university managers and researchers toward designing strategies that advance SDG 4 in higher education.
Originality: The article provides a broad vision of the integration and updating of bibliometric analysis between strategic direction and SDG 4.

Multinationals in the blue economy: Navigating through Sustainable Development Goals

José Satsumi López-Morales, Alan Enrique Angulo Valenzuela — Wed, 01 Jan 2025 00:00:00 -0500

Purpose: to identify which SDGs have been addressed by the main multinational companies of the blue economy.
Methodology: the annual reports of 41 multinationals that carry out activities in the oceans were reviewed. For its analysis, the qualitative research software Atlas.ti was used, where the texts of these reports were analyzed through codes.
Results: the most represented SDGs are 7 and 9. The conclusion was to indicate a lack of alignment between their activities and their impact on the ocean, focusing on activities specific to their sector of economic activity.
Implications: it is important that the MNEBE consider more policies and practices related to the environment, especially due to the nature of their operation in the ocean. The second practical implication is that decision makers in companies can carry out periodic evaluations on the progress of achieving the SDG goals in their activities.
Originality: to study the multinationals of the blue economy and its relationship with Sustainable Development Goals.

Greenwashing and its influence on fast fashion consumption

Jessica Müller Pérez, Luis Manuel Hernández Pérez — Wed, 01 Jan 2025 00:00:00 -0500

Purpose: To analyze the purchasing intention of sustainable fashion among Mexican women according to the Theory of Planned Behavior (TPB), incorporating greenwashing, perceived risk, and aesthetic risk as additional variables.
Methodology: A structural equation model (SEM) was estimated. Data collection was conducted through an online survey, targeting Mexican women who consume fashion products.
Results: The variable subjective norms acted as the main determinant of sustainable purchasing intentions, followed by attitudes. The variables economic risk, aesthetic risk, and perception of greenwashing were statistically significant, contributing to the adequacy and validity of the proposed model.
Implications: Subjective norms and attitudes are key factors influencing responsible purchasing intentions, which support and expand the applicability of the TPB in sustainable consumption contexts. Messages associated with sustainability should be strengthened through close role models (family, friends, local influencers), emphasizing the connection of sustainable fashion with personal benefits, lifestyle aspirations, and emotional values, beyond rational or informative arguments.
Originality: The incorporation of greenwashing perceptions as an explanatory variable within the model constitutes a novel contribution, as it opens new lines of research on the role of perceived authenticity and brand trust in green purchasing intentions, especially among younger consumers.

Differences between accounting and fiscal information in the prediction of results under IFRS-based tax rules

Martha Cecilia Lozada-Orejuela, Vasilica-Maria Margalina — Wed, 01 Jan 2025 00:00:00 -0500

Purpose: To assess the effect of differences between accounting and tax information as well as the adoption of IFRS as tax standards on the persistence of accounting and tax results.
Methodology: The autoregressive model was used to estimate the effects of book-tax differences and IFRS on the persistence of results on data collected from 83 Ecuadorian companies from 2011 to 2018.
Results: Book-tax differences have an incremental effect on the persistence of the accounting result and the fiscal result. The adoption of IFRS in tax legislation affected the tax results but had no effect on the persistence of results.
Implications: Results suggest that book-tax differences constitute a relevant indicator for market players and for tax authorities. Reducing the differences between the accounting and tax systems in the context of IFRS adoption may help achieve tax goals but does not necessarily improve the quality of results.
Originality: It contributes to the study of the effects of book-tax differences on the persistence of accounting system and fiscal results using fiscal outcome values instead of proxies. The effect of the use of IFRS as standards for calculating the fiscal result is examined.

Influence of board composition on the level of SDG reporting of Chilean listed companies

Julio César Hernández Pajares, Cecilia Venegas Morales, Fernando Morales Parada — Wed, 01 Jan 2025 00:00:00 -0500

Purpose: To analyze the influence of board composition on the level of disclosure of the Sustainable Development Goals (SDGs) in listed Chilean companies, in order to identify preliminary patterns that improve understanding of the variables associated with this sustainability transparency.

Methodology: A quantitative approach was used, with a non-confirmatory explanatory scope aimed at identifying significant relationship patterns. The influence of board characteristics on SDG disclosure in companies' integrated reports was examined using an ordinary least squares (OLS) regression model.

Results: The size of the board and its proportion of women had a positive and significant influence on the level of SDG disclosure. According to legitimacy theory, belonging to sectors that are sensitive to sustainability and applying the GRI standard also had a significant influence on such disclosure.

Implications: The results indicate the importance of strengthening the role of regulatory bodies in implementing sustainability regulatory frameworks and promoting corporate governance policies that improve transparency with the SDGs.

Originality: Providing empirical evidence on the relationship between board composition and sustainability disclosure in the context of Chilean market regulation, contributing to the development of an emerging line of research in Latin America.

Energy-related financial literacy among university students

Sergio Hernández-Mejía, Elena Moreno-García — Wed, 01 Jan 2025 00:00:00 -0500

Purpose: To analyze energy and financial literacy among university students in Veracruz, Mexico and its impact on investment decisions regarding energy-efficient appliances.
Methodology: The data were obtained by applying a structured survey to a non-probability self-selected sample. A multiple regression model and a Probit model were employed to analyze data from 557 students.
Results: Financial and energy literacy, as well as students' area of knowledge, have a significant impact on their ability to make decisions about energy-efficient appliances.
Implications: Education on basic energy and on financial topics can improve students' decision-making ability regarding energy-efficient appliances. This enhances financial well-being and contributes to environmental conservation. Future research should analyze other variables, such as income level, work experience, and socialization on energy and financial practices.
Originality: This is the first study conducted in Latin America to examine energy investment literacy determinants. The results may contribute to the design of educational strategies to improve young people's energy investment decision-making.

The influence of the factors in the student satisfaction with the use of business simulators in higher education programs

Tue, 01 Jul 2025 00:00:00 -0400

Purpose: Institutions and faculty members in the field of business have incorporated tools such as simulators to enhance the teaching–learning process. Therefore, it is necessary to identify the factors that influence student satisfaction with their use.
Methodology: A literature review was conducted in Scopus and Web of Science databases, which provided the foundation for constructing the data collection instrument. This instrument was applied to 141 students from an Argentine university. Data analysis was carried out using the Smart PLS model, which revealed the relationships between the factors studied and student satisfaction.
Results: The results of this study indicate that the factors influencing students' satisfaction with the use of simulators include teaching performance, interactivity, visual feedback, and clear iconography. Therefore, when the interface is well designed and supported by an experienced instructor who facilitates the use of business simulators by integrating academic content with the business context, student satisfaction increases. These findings are consistent with those of Gaviria et al. (2024).
Implications: This study provides practical insights for educational institutions, simulator developers, and business organizations seeking to strengthen competencies, promote practical learning, and enhance the application of knowledge in business education. Integrating these factors can improve simulator design, foster skills development, and enhance practical application in the field of business education.
Originality: This study examines technological, human and aesthetic components, highlighting their contribution to students' satisfaction with simulator use. The human factor the teacher is highlighted as a key element in the educational process.

Pharmaceutical e-commerce in Venezuela: A Case Study on the Impact of Price, Risk, and Emotions in Online Purchasing

Eugenia Csoban-Mirka, Jenifer Campos — Wed, 01 Jan 2025 00:00:00 -0500

Purpose: To identify how price image, risk perception, and emotions influence online pharmacy customers' purchase intentions.
Methodology: A Partial Least Squares Structural Equation Model (PLS-SEM) was estimated using data from a survey of 303 customers to evaluate the reliability and validity of the measures, along with the relationships between latent variables and purchase intentions.
Results: Price image influences customers' risk perceptions and emotions; price-quality influences functional risk and emotions; perceptibility influences psychological and social risk and negative emotions; and processability influences functional and temporal risk, as well as emotions. Furthermore, psychological risk and positive emotions directly influence purchase intentions.
Implications: This study identifies which dimensions of price perception are key to reducing the risk of online purchases and increasing customers' positive emotional experiences, thereby supporting the development of marketing tactics that build customer loyalty and satisfaction.
Originality: This study aims to close a gap in the literature by specifying how price image dimensions influence the perceived risk and emotions of Venezuelan consumers, aspects little explored in both Latin America and Venezuela.

Resilience and economic empowerment: Voices of female entrepreneurship

Lucía Irma Montiel-Espinosa, Rocio Huerta-Cuervo — Wed, 01 Jan 2025 00:00:00 -0500

Purpose: To comprehend the characteristics of the empowerment process of women entrepreneurs and how they experience it, to identify and highlight the social changes that are becoming increasingly evident.
Methodology: Using an exploratory qualitative strategy and conducting in-depth interviews in the settings where these entrepreneurs operate, experiences and reflections of six women from small and medium-sized businesses in Hidalgo, Mexico, were gathered.
Results: The women interviewed reported experiencing tensions in balancing their roles as heads of households and business owners. They faced gender stereotypes both within the family and workplace, as well as institutional structures not designed to serve small entrepreneurs - particularly women. Withing this context, their resilience is reinforced, serving as an expression of empowerment.
Implications: Resilience as part of the empowerment process is underexplored, opening new avenues for study. Empowerment is manifested in the satisfaction of being providers, capable of addressing the technical, relational, economic, and political difficulties of their activity, which have not been addressed by public policies.
Originality: The study corresponds with empirical exploration of the process by which women achieve empowerment. Unlike other studies, it recovers the voice and subjective experience of microentrepreneurs.

Proceedings of the 7th International Business Congress: Innovation, Sustainability, and Social Commitment

Julián Andrés Díaz Tautiva, Claudia Gómez-Gómez, Claudia Quezada-Baier — Thu, 01 Jan 2026 00:00:00 -0500

Efecto de la emisión de deuda corporativa sostenible en el retorno accionario: un estudio de eventos aplicado al mercado chileno entre 2018 y 2025

Thu, 01 Jan 2026 00:00:00 -0500

Inclusión Financiera y Endeudamiento en Chile: Luces y sombras de un modelo en expansión

Thu, 01 Jan 2026 00:00:00 -0500

Empowerment and Engagement as Drivers of Performance in the Textile Industry

Vera Voitova, Jesus Juyumaya — Thu, 01 Jan 2026 00:00:00 -0500

Estudio de eventos y análisis de sentimientos de las criptomonedas ante publicaciones en RRSS entre abril 2021 y julio 2025

Verónica Castro S., Camilo Pacheco F., Jairo Stefano Dote-Pardo — Thu, 01 Jan 2026 00:00:00 -0500

Financial and ESG Drivers of Profitability and Market Valuation: Emerging and Developed Markets Evidence

Jairo Stefano Dote-Pardo, Javier Parra-Domínguez, Laura Sanz-Martín — Thu, 01 Jan 2026 00:00:00 -0500

Influencia de la gestión del talento humano en el comportamiento organizacional en los trabajadores administrativos de la Universidad Nacional de Cañete, Departamento de Lima, año 2015

Jesús Enrique Reyes Acevedo — Thu, 01 Jan 2026 00:00:00 -0500

El efecto del cambio climático en la innovación verde en empresas: Evidencia a partir de datos alemanes de Community Innovation Survey en el año 2023

Valentina Javiera Mora-Sandoval, Karen Belén Muñoz-Carrasco — Thu, 01 Jan 2026 00:00:00 -0500

Sistemas RAG aplicados al aseguramiento de reportes de sostenibilidad ambiental en emisores chilenos: diseño metodológico y comparación con expertos humanos

Luis A. Pinuer, Francisco A. Nova — Thu, 01 Jan 2026 00:00:00 -0500

Sustainable Corporate Finance and Capital Structure: Redefining determinants through ESG integration

Jairo Stefano Dote-Pardo — Thu, 01 Jan 2026 00:00:00 -0500

Unraveling stock market drivers in Latin America: A structural equation modeling approach to Capital, Profitability, and ESG

Jairo Stefano Dote-Pardo, Javier Parra-Domínguez — Thu, 01 Jan 2026 00:00:00 -0500