AD-minister <p><em>AD-minister</em>&nbsp;is an interdisciplinary academic journal and we publish scientific papers resulted of empirical evidence and that contribute to understanding the management of companies in emerging economies and markets.</p> <p>&nbsp;</p> Universidad EAFIT en-US AD-minister 1692-0279 <span>Authors who publish with this journal agree to the following terms:</span><br /><br /><ol type="a"><ol type="a"><li>Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a<a href="" target="_new">Creative Commons Attribution License</a> that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.</li></ol></ol><br /><ol type="a"><ol type="a"><li>Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.</li></ol></ol><br /><ol type="a"><li>Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See <a href="" target="_new">The Effect of Open Access</a>).</li></ol> Incidence of corporate social responsibility practices on the cost of equity: evidence from Colombian companies <p>This study analyzes the effect of corporate social responsibility (CSR) practices on the cost of equity, for Colombian companies that are listed on the Colombian Stock Exchange (BVC, Bolsa de Valores de Colombia) and have produced sustainability reports through the Global Reporting Initiative (GRI), for the period 2012-2016. Using the panel data model for thirty-one companies, it was found that companies which implemented CSR practices and included them on their corporate reports reduced their cost of capital. Furthermore, it was also found that the length of the corporate report, and how unbiased it is, both reduce the cost of equity.</p> Leidy Tatiana Mesa-Jurado Paola Andrea Rivera-López Melissa María Román-Buriticá Diego Andrés Correa Mejía ##submission.copyrightStatement## 2020-06-30 2020-06-30 36 5 30 10.17230/Ad-minister.36.1 Sense of belonging, intra-organizational relations and active participation in community development: an analysis of medium-sized manufacturing companies in Mexico <p>Causal relations between sense of belonging, intra-organizational relationships and active participation in community development are analyzed in this article, which is an explanatory investigation. The analytical tool measures sense of belonging, intraorganizational relationships and active participation in community development using seventeen items on a sample of one hundred ninety-three workers from five medium-sized manufacturing companies in Mexico. Results seem to indicate positive causal relations between sense of belonging and intraorganizational relationships, and also between intraorganizational relationships and active participation in community development. This is a contribution for a better understaning of the relationships among the components of organizational culture, organizational citizen behavior and corporate social responsability.</p> Carlos Robles Acosta Laura Edith Alviter Rojas, M.A. Edim Martínez Rodríguez, Dra. ##submission.copyrightStatement## 2020-06-30 2020-06-30 36 31 44 10.17230/Ad-minister.36.2 Formal institutions, human development and entrepreneurship: a comparative study between highly developed countries and member countries of the pacific alliance <p>In this paper a comparison is made between highly developed countries (Australia, United Kingdom, Canada, United States, Sweden, and Finland) and the four member countries of the Pacific Alliance (Colombia, Mexico, Peru and Chile), trying to find possible relationships between formal institutions, rate of entrepreneurship and human development. It is a descriptive-correlational scope study which uses information derived from the World Bank’s Governance Indicators (2018), the Heritage Foundation’s Index of Economic Freedom (2018), the Global Entrepreneurship Index (2018), and the United Nations Development Program’s Human Development Index (2018).It is concluded that there is a positive relationship between the quality of formal institutions and the level of human development in the countries that were compared.</p> Cesar Ignacio Leon Quillas Hector Fernando Rueda Rodriguez Carlos Hernan Gonzalez Campo ##submission.copyrightStatement## 2020-06-30 2020-06-30 36 45 66 10.17230/Ad-minister.36.3 Strategic risk management in some large Colombian private companies <p>Strategic risk management is a continuous activity that identifies the events that affect the capacity of an organization in creating value and which can hinder the attainment of its strategic goals. This activity requires a framework that defines the structure, roles, responsibilities, policies, risk appetite and the integration with strategy and organizational management. The main goal of this article is to describe how some large Colombian private companies do their strategic risk management. Qualitative methods were used and five semi structured interviews were conducted with leaders in strategic risk management from large energy, brewing, food and soft drink companies. One of the main findings was the importance of an integrated strategic and risk managment in the companies, so as to mitigate the impact of negative events and take advantage of the timely identification of opportunities. It was also found that thorough qualitative and quantitative information available in the analysis of risk helps to reduce existing uncertainty. From the knowledge of these processes, this article proposes a starting point for organizations that wish to implement strategic risk management as a mobilizer for the achievement of business objectives.</p> Andrea Lucia Palacio Giraldo Maria Antonia Nuñez ##submission.copyrightStatement## 2020-06-30 2020-06-30 36 67 96 10.17230/Ad-minister.36.4 Exploring enabling factors for innovation outcomes. A firm-level analysis of Peruvian companies <p>Most innovation research has been primarily focused on developed countries, creating a gap in the literature related to innovation processes in emerging markets, such as Latin America. Even as some studies aim at this region, their approach is usually conducted from the standpoint of a R+D funding perspective only. This paper aims to discuss the relationship between resources for innovation and sources of innovation with innovation outcomes, using a sample of Peruvian companies that received public funds for the development of innovative activities. This study found evidence that resources for innovation and sources of innovation have a positive influence on innovation outcomes. Moreover, resources for innovation are related to non-technological innovation, although internal R+D is the most frequently used by companies, even when it is not related to product, nor to process innovation. Sources of innovation are related to product innovation and firms have shown an incipient use of inter-firm collaboration strategies to gain access to them.</p> Jean Pierre Seclen-Luna Fátima Ponce Regalado Miguel Cordova ##submission.copyrightStatement## 2020-06-30 2020-06-30 36 97 112 10.17230/Ad-minister.36.5 A cause-related marketing model for the iranian banking system: a phenomenological approach <p>Despite almost four decades of introducing the Cause-Related Marketing (CRM) concept into business and marketing literature, there is still no general agreement as to the definition, content, and scope of marketing, in particular, in countries such as Iran. In this regard, while this article will&nbsp; examine and present the conceptual framework of this issue during the period of creation, it aims to achieve a conceptual model for Cause-Related Marketing in the banking system of Iran. For this reason, the concept of Cause-Related Marketing is analyzed in terms of its origin and evolution, content and scope, and various well-known definitions. The first part reviews the subject literature and integrates the findings of previous researchers. The second section was done by the phenomenological method and through a detailed interview with banking system experts. The study population was senior managers of Keshavarzi Bank, and the strategy of sampling was non-random, available, and utilized theoretical sampling methods. In this regard, 16 senior managers of the Agricultural Bank of Iran were selected as the statistical sample for data collection. Qualitative data were analyzed using open and axial coding using the MaxQDA12pro software. Findings separate the concept of Cause-Related Marketing from other related or similar terms and describe various types of Cause-Related Marketing campaigns. Finally, the phenomenological method was used to examine and provide the dimensions and components of Cause-Related Marketing in the banking system of Iran. Analyzing the results of the interviews shows that Cause-Related Marketing in the banking system has direct (management, economic, and characteristics of the causal activities) and indirect (social, scientific, cultural, religious, and geographical components) dimensions.</p> Ali Valipour Mahmoud noraei Kamyar Kavosh ##submission.copyrightStatement## 2020-06-30 2020-06-30 36 113 136 10.17230/Ad-minister.36.6