Abstract

The aim of this paper is to analyse whether institutional factors determine the level of corporate governance compliance among major listed companies in emerging markets of Latin America, a region characterized by a poor legal system, highly concentrated ownership structures, and capital markets relatively less developed. The paper used an unbalanced panel data consisting of 826 observations of the highest ranked companies on the stock exchange indices of Argentina, Brazil, Chile and Mexico during the period 2004–2010. The results provide strong empirical evidence that board independence, ownership concentration and stakeholder orientation affect positively corporate governance ratings, while board size decreases corporate governance compliance in Latin American countries. The study fills a gap in the Latin American literature, providing useful information for determining policies on corporate governance and, in general, for managers and investors of listed companies in Latin America.

Abstract

In recent years, companies in the pharmaceutical industry have been confronted with a turbulent environment characterized by dynamism, complexity and uncertainty. To cope with these changes and achieve improved performance, these companies must generate the ability to make appropriate changes in their organizations. For that reason, we use a quantitative methodology linear regression model to investigate the multilevel resources, capacities and institutional aspects that influence the level of exports of companies in Colombias pharmaceutical sector. The main findings that are highlighted include the significant role of the variables of supply costs, logistics, preview experience and the institutional environment in improving exports in the sector.

Abstract

Background:          The growing number of electric vehicles gives rise to a whole new reverse supply chain. Once the electric vehicle batteries reach their end-of-life, societal and governmental pressure forces automotive manufacturers to set up a network for disposing the hazardous batteries. Although, the volumes of returned batteries remain low, volumes will increase in upcoming years. Current networks and processes related to the return flow of electric vehicle batteries are not well established, nor well defined. Thus, creating an urgency to develop efficient collection networks.   Purpose:                  The purpose of this study is to investigate how reverse logistics networks are currently set up and to provide an overview of how the different actors and processes are connected. In addition, this thesis aims to identify challenges encountered by logistics providers and recyclers. By doing so, we hope to contribute to the research gap of which factors that constitutes a bottleneck for further development of the reverse logistics chain of electric vehicle batteries.   Method:                  The thesis conducts an interview study and is qualitative in nature. Semi-structured interviews generated empirical data, which was analysed through cross-case analysis incorporating a thematic analysis. Through this analysis we were able to achieve new theoretical understandings in connection to institutional theory.   Conclusion:             Through empirical findings a detailed framework of the reverse logistics chain of EVBs is portrayed. Furthermore, different challenges span over the processes illustrated in the framework. This presents an overview which is not found in current literature and extends current research on this topic.