Here we present a roundup of the publications by IESE's professors and researchers between January and August 2010.
Sport Management and Value Creation
Gómez, Sandalio; Kase, Kimio; Urrutia, Ignacio
To be published on 07/2010
Publisher: Cambridge University Press
The sports business has become one of the fastest growing industries in recent years. Sports organizations now have the potential to generate massive amounts of revenue through a variety of different channels, including broadcasting rights, advertising and branding. However, the rise of sports-related business has so far received relatively little attention from management scholars and social scientists. This book argues that we can no longer afford to ignore this important economic and social phenomenon. It presents a new conceptual framework based on the concept of value creation to show how we can understand and explain the success and failure of sports organizations. Key concepts are illustrated with case studies of sporting organizations, including Real Madrid, FC Barcelona and the Americas Cup. Written by a team of authors from one of Spain's leading business schools, it provides a unique set of theoretical and practical insights for researchers and sports organization managers.
Accounting conservatism in accounting-based valuation models
Palencia Herrero, Luis
03/2010
Publisher: Lambert Academic Publishing
Accounting-based valuation models use accounting numbers (earnings and book values) to infer the value of ongoing businesses (as a whole or on a per share basis). The most common accounting valuation model is the Discounted Residual Income model. Although this model is, in theory, insensitive to the accounting regime, the necessary truncation through terminal values leaves it dependent on the accounting. This monograph studies the effect of the accounting regime on the accuracy of the residual income model. It first characterizes the concept of accounting conservatism (through an index) and, second, analyzes the interaction among the drivers of residual income: profitability and growth in assets. The results show how the parameters capturing the evolution of profitability and growth vary with the level of conservatism and also that valuation models that account for that interaction are more accurate than models with continuing values estimated under simpler assumptions.
Compensation and organizational performance: Theory, research, and practice
Gómez-Mejía, L.; Berrone, Pascual; Franco-Santos, M.
02/2010
Publisher: M.E. Sharpe
This up-to-date, research-oriented textbook focuses on the relationship between compensation systems and overall firm performance. In contrast to more traditional compensation texts, it provides a strategic perspective to compensation administration rather than a functional viewpoint. The text emphasizes the role of managerial pay, its importance, determinants, and impact on organizations. It analyzes recent topics in executive compensation, such as pay in high technology firms, managerial risk taking, rewards in family companies, and the link between compensation and social responsibility and ethical issues, among others. The authors provide a thorough and comprehensive review of the vast literatures relevant to compensation and revisit debates grounded in different theoretical perspectives. They provide insights from disciplines as diverse as management, economics, sociology, and psychology, and amplify previous discussions with the latest empirical findings on compensation, its dynamics, and its contribution to firm overall performance.
Management across cultures: Challenges and strategies
Steers, R.; Sánchez-Runde Sánchez, Carlos; Nardon, L.
01/2010
Publisher: Cambridge University Press
Management practices and processes frequently differ across national and regional boundaries. What may be acceptable managerial behavior in one culture may be counterproductive or even unacceptable in another. As managers increasingly find themselves working across cultures, the need to understand these differences has become increasingly important. This book examines why these differences exist and how global managers can deal with them.
Other languages
Partnerstwo publiczno-prywatne w sferze użyteczności publicznej
(Public-private partnerships in the utilities sector)
Moszoro, Marian
07/2010
Language: Polish
Publisher: Wolters Kluwer, Warsaw
This book presents an analytical research study on the efficiency of public-private partnerships. The author begins with basic definitions and then developed formal models to the subject matter. The models are shown to be consistent with real data. The results in turn allow the formulation of specific policies regarding the effective organization of the public utilities sector.
Moszoro shows not only a wide theoretical knowledge but also experience in the analysis of economic phenomena. This monograph is valuable from the scientific point of view, but is at the same time very interestingly written.
Analiza problemów biznesowych
(Analysis of business problems)
Moszoro, Marian
07/2010
Language: Polish
Publisher: Wolters Kluwer, Warsaw
This book consists of a selection of unique case studies of Polish companies in various sectors. They are the result of extensive in-company research and advisory projects. The author has reconstructed the circumstances and constraints that managers faced and encapsulated the close relationships between strategic, marketing and financial decisions in a dynamic emerging economy. The author encourages the reader to take an active role by presenting both real business dilemmas and personal perspectives.
The case studies are grouped in areas of business academic disciplines. References to supplementary literature for each case study are provided.
The case studies were prepared by the author for eight annual case study competitions in Poland, as well as MBA and executive program. More than 1,200 participants have taken part in the sessions and provided valuable comments, further enhancing them for managerial education.
