Master Thesis Professional Orientation
Authorship
S.L.M.
Master in Economic Development and Innovation
S.L.M.
Master in Economic Development and Innovation
Defense date
07.18.2024 16:00
07.18.2024 16:00
Summary
The economic sectors associated with frontier technologies or with great knowledge are those that determine and characterize technological paradigms. Currently, some of them are telecommunications and information technology, biomedicine or nanotechnology. The presence of this type of activities is scarce and concentrated in different territories, due to the importance of proximity for the transfer and exchange of knowledge, often of a tacit nature. Large innovation poles are formed, where some of the most technologically advanced industries in Europe are present. In this paper we analyze the determinants of economic growth provided by high-tech and knowledge-intensive sectors, by means of a regression on a panel data econometric model for the European Union countries, for the period from 2010 to 2021. We begin by reviewing some of the major theoretical and empirical contributions and works related to economic growth, innovation and technology. Subsequently, the innovation framework in the European Union is described and contextualized in the time horizon set, through various indicators that are very present in the literature and that are also used in this work, with the aim of being able to establish common patterns within the European Union, or to be able to draw conclusions related to innovation in the European Union. Next, we develop the econometric model that gives rise to the work, through econometric panel data models, where we seek to clarify and/or establish conclusions with respect to the literature review carried out, to see what differences we find, all this taking into account the limitations of the model developed, in order to see what role some of the most referenced indicators in the innovation economy play on the output generated by these sectors. The importance of investment in R+D in the business sector or the negative effect of patents or the number of researchers or the estimates obtained for exports of this type of products and services, in accordance with some of the works reviewed, are some of the main results obtained in the models. Finally, some conclusions are drawn from the work carried out together with these limitations found in the model, as well as possible future lines of development or extension.
The economic sectors associated with frontier technologies or with great knowledge are those that determine and characterize technological paradigms. Currently, some of them are telecommunications and information technology, biomedicine or nanotechnology. The presence of this type of activities is scarce and concentrated in different territories, due to the importance of proximity for the transfer and exchange of knowledge, often of a tacit nature. Large innovation poles are formed, where some of the most technologically advanced industries in Europe are present. In this paper we analyze the determinants of economic growth provided by high-tech and knowledge-intensive sectors, by means of a regression on a panel data econometric model for the European Union countries, for the period from 2010 to 2021. We begin by reviewing some of the major theoretical and empirical contributions and works related to economic growth, innovation and technology. Subsequently, the innovation framework in the European Union is described and contextualized in the time horizon set, through various indicators that are very present in the literature and that are also used in this work, with the aim of being able to establish common patterns within the European Union, or to be able to draw conclusions related to innovation in the European Union. Next, we develop the econometric model that gives rise to the work, through econometric panel data models, where we seek to clarify and/or establish conclusions with respect to the literature review carried out, to see what differences we find, all this taking into account the limitations of the model developed, in order to see what role some of the most referenced indicators in the innovation economy play on the output generated by these sectors. The importance of investment in R+D in the business sector or the negative effect of patents or the number of researchers or the estimates obtained for exports of this type of products and services, in accordance with some of the works reviewed, are some of the main results obtained in the models. Finally, some conclusions are drawn from the work carried out together with these limitations found in the model, as well as possible future lines of development or extension.
Direction
CAMPOS ROMERO, HUGO (Tutorships)
CAMPOS ROMERO, HUGO (Tutorships)
Court
RODIL MARZABAL, OSCAR (Chairman)
LOPEZ CARBALLEIRA, ANALIA (Secretary)
TOUCEDA TABOADA, LEONCIO (Member)
RODIL MARZABAL, OSCAR (Chairman)
LOPEZ CARBALLEIRA, ANALIA (Secretary)
TOUCEDA TABOADA, LEONCIO (Member)
Business Plan: Glance
Authorship
R.R.V.
Master in Business Administration [S]
R.R.V.
Master in Business Administration [S]
Defense date
09.12.2024 12:30
09.12.2024 12:30
Summary
Glance is a digital application for the fashion sector that allows customers to share their experiences through review and unboxing videos. Each video is also linked to the main e-commerce sites that sell the product based on geographic location. It is worth noting that the main income of the business model will be advertising, so its strategies focus on generating traffic on the platform. Glance is aimed at 3 groups of customers: 1. Users: People aged 16 to 34 who make fashion purchases online. 2. Content Creators 3. Advertisers
Glance is a digital application for the fashion sector that allows customers to share their experiences through review and unboxing videos. Each video is also linked to the main e-commerce sites that sell the product based on geographic location. It is worth noting that the main income of the business model will be advertising, so its strategies focus on generating traffic on the platform. Glance is aimed at 3 groups of customers: 1. Users: People aged 16 to 34 who make fashion purchases online. 2. Content Creators 3. Advertisers
Direction
OTERO SIMON, MIGUEL ANGEL (Tutorships)
OTERO SIMON, MIGUEL ANGEL (Tutorships)
Court
FERNANDEZ LOPEZ, SARA (Chairman)
CASTRO CASAL, MARIA DEL CARMEN (Secretary)
BASTIDA DOMINGUEZ, MARIA (Member)
FERNANDEZ LOPEZ, SARA (Chairman)
CASTRO CASAL, MARIA DEL CARMEN (Secretary)
BASTIDA DOMINGUEZ, MARIA (Member)
Circularity in the Agri-Food Sector: Evaluation of the current situation in Uruguay
Authorship
F.C.L.
Master in Economic Development and Innovation
F.C.L.
Master in Economic Development and Innovation
Defense date
09.16.2024 09:30
09.16.2024 09:30
Summary
The agri-food sector plays a fundamental role in the productive structure of Uruguay, representing 8.83% of the Gross Domestic Product in 2022. The main agri-food chains in Uruguay are dairy, agricultural and beef. At the same time, food production is the main source of Greenhouse Gases according to the national inventory. The objective of this work is to carry out a critical analysis of the path taken by the Uruguayan government to promote circularity in the agri-food industry and analyze some examples of circular practices through selected cases from the agri-food sector.
The agri-food sector plays a fundamental role in the productive structure of Uruguay, representing 8.83% of the Gross Domestic Product in 2022. The main agri-food chains in Uruguay are dairy, agricultural and beef. At the same time, food production is the main source of Greenhouse Gases according to the national inventory. The objective of this work is to carry out a critical analysis of the path taken by the Uruguayan government to promote circularity in the agri-food industry and analyze some examples of circular practices through selected cases from the agri-food sector.
Direction
PEREIRA SANCHEZ, MARIA ANGELES (Tutorships)
PEREIRA SANCHEZ, MARIA ANGELES (Tutorships)
Court
FERNANDEZ LOPEZ, SARA (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
TURNES ABELENDA, JUAN ALBERTO (Member)
FERNANDEZ LOPEZ, SARA (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
TURNES ABELENDA, JUAN ALBERTO (Member)
Startups incubators and accelerators. business incubation and acceleration as a boost to entrepreneurship. study of the agri-food sector through the business factory food.
Authorship
M.K.E.A.
Master in Economic Development and Innovation
M.K.E.A.
Master in Economic Development and Innovation
Defense date
09.16.2024 09:30
09.16.2024 09:30
Summary
The history of business incubators and accelerators is relatively recent, but they have proven to be essential tools for supporting entrepreneurs and developing their business ideas. These innovators often face numerous obstacles when trying to start a company, from a lack of funding to inadequate training or the absence of networking opportunities. Incubators and accelerators not only emerge to ease the path for solo entrepreneurs by providing training, access to capital, coworking spaces, and other key resources, but also to drive broader social change. Their ultimate mission is to generate a positive impact on society, contributing to economic development and job creation by fostering new companies. Today, in the face of growing environmental challenges and resource scarcity, it is increasingly common for incubators and accelerators to support projects focused on sustainability. These projects aim to bring to market products made using renewable resources and energy, aligning with global demands for greater environmental responsibility. This phenomenon, which combines entrepreneurship with sustainability, has become crucial in sectors such as agrifood, where innovation is essential to meet the new demands of both the market and consumers. We will study this phenomenon by analyzing one of the most important accelerators in the agrifood sector in Galicia.
The history of business incubators and accelerators is relatively recent, but they have proven to be essential tools for supporting entrepreneurs and developing their business ideas. These innovators often face numerous obstacles when trying to start a company, from a lack of funding to inadequate training or the absence of networking opportunities. Incubators and accelerators not only emerge to ease the path for solo entrepreneurs by providing training, access to capital, coworking spaces, and other key resources, but also to drive broader social change. Their ultimate mission is to generate a positive impact on society, contributing to economic development and job creation by fostering new companies. Today, in the face of growing environmental challenges and resource scarcity, it is increasingly common for incubators and accelerators to support projects focused on sustainability. These projects aim to bring to market products made using renewable resources and energy, aligning with global demands for greater environmental responsibility. This phenomenon, which combines entrepreneurship with sustainability, has become crucial in sectors such as agrifood, where innovation is essential to meet the new demands of both the market and consumers. We will study this phenomenon by analyzing one of the most important accelerators in the agrifood sector in Galicia.
Direction
PEREIRA SANCHEZ, MARIA ANGELES (Tutorships)
PEREIRA SANCHEZ, MARIA ANGELES (Tutorships)
Court
FERNANDEZ LOPEZ, SARA (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
TURNES ABELENDA, JUAN ALBERTO (Member)
FERNANDEZ LOPEZ, SARA (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
TURNES ABELENDA, JUAN ALBERTO (Member)
Business Plan for Lois Almacén Logístico S.L.U.: Loaltic
Authorship
J.A.L.C.
Master in Business Administration [S]
J.A.L.C.
Master in Business Administration [S]
Defense date
07.16.2024 11:30
07.16.2024 11:30
Summary
This master's thesis presents a business plan for Loaltic, a company dedicated to specialised warehousing located in Brión. This project is motivated by the search for an innovative solution to take advantage of the existing infrastructure on the land belonging to the family business. With an interesting location, Loaltic seeks to offer flexible storage solutions adapted to the specific needs of Small and Medium Enterprises (SMEs) in its area of influence. The company's value proposition is based on two key pillars. Firstly, the business idea analysed in this paper highlights the ability to provide customised warehousing solutions, which enable companies to efficiently manage their inventory. Secondly, Loaltic seeks to offer competitive prices and additional services to these companies, guaranteeing these customers an attractive option to outsource their logistics and not having to worry about inventory management. Furthermore, Loaltic is characterised by the security and proximity of the warehouse to its potential client companies, which provides security to customers and facilitates the logistics of their daily operations. Finally, Loaltic promotes a sustainable approach, seeking to minimise environmental impact through concrete actions. This work is structured in three fundamental blocks, totally interrelated with each other. First, commercial viability is analysed using the Canvas method, the analysis of the environment, the marketing plan and SWOT analysis. The second block deals with operational feasibility, including legal, technical and organisational aspects. Finally, the third block focuses on the economic-financial feasibility, breaking down the revenue model, costs, investment and financing structure, as well as carrying out a financial analysis and assessing the profitability and risks of the project. In conclusion, the analysis of Loaltic's business plan demonstrates its viability and profitability from a commercial, operational and financial point of view. The implementation of Loaltic will not only meet the unsatisfied demand for storage solutions for SMEs in the catchment area, but will also provide added value by optimising the operational efficiency of customers.
This master's thesis presents a business plan for Loaltic, a company dedicated to specialised warehousing located in Brión. This project is motivated by the search for an innovative solution to take advantage of the existing infrastructure on the land belonging to the family business. With an interesting location, Loaltic seeks to offer flexible storage solutions adapted to the specific needs of Small and Medium Enterprises (SMEs) in its area of influence. The company's value proposition is based on two key pillars. Firstly, the business idea analysed in this paper highlights the ability to provide customised warehousing solutions, which enable companies to efficiently manage their inventory. Secondly, Loaltic seeks to offer competitive prices and additional services to these companies, guaranteeing these customers an attractive option to outsource their logistics and not having to worry about inventory management. Furthermore, Loaltic is characterised by the security and proximity of the warehouse to its potential client companies, which provides security to customers and facilitates the logistics of their daily operations. Finally, Loaltic promotes a sustainable approach, seeking to minimise environmental impact through concrete actions. This work is structured in three fundamental blocks, totally interrelated with each other. First, commercial viability is analysed using the Canvas method, the analysis of the environment, the marketing plan and SWOT analysis. The second block deals with operational feasibility, including legal, technical and organisational aspects. Finally, the third block focuses on the economic-financial feasibility, breaking down the revenue model, costs, investment and financing structure, as well as carrying out a financial analysis and assessing the profitability and risks of the project. In conclusion, the analysis of Loaltic's business plan demonstrates its viability and profitability from a commercial, operational and financial point of view. The implementation of Loaltic will not only meet the unsatisfied demand for storage solutions for SMEs in the catchment area, but will also provide added value by optimising the operational efficiency of customers.
Direction
VIVEL BUA, MARIA MILAGROS (Tutorships)
VIVEL BUA, MARIA MILAGROS (Tutorships)
Court
BASTIDA DOMINGUEZ, MARIA (Chairman)
DURAN SANTOMIL, PABLO (Secretary)
DEL RIO ARAUJO, MARIA LUISA (Member)
BASTIDA DOMINGUEZ, MARIA (Chairman)
DURAN SANTOMIL, PABLO (Secretary)
DEL RIO ARAUJO, MARIA LUISA (Member)
Master Thesis Research Orientation
Authorship
M.V.T.D.
Master in Economic Development and Innovation
M.V.T.D.
Master in Economic Development and Innovation
Defense date
09.16.2024 09:30
09.16.2024 09:30
Summary
En un contexto de evidencia de deterioro ambiental por causa de las pautas económicas de producción y consumo se evidenció la degradación de los ecosistemas. Con el transcurso del tiempo, se visibilizó la importancia de la biodiversidad y de los servicios ecosistémicos para el bienestar de las personas. Con ello, se promovieron enfoques transectoriales e integrales de la investigación y educación para la búsqueda de una mejor comprensión y sensibilidad de la relación entre biodiversidad y servicios ecosistémicos acompañado de nuevas estrategias de gobernanza a nivel local, regional y global Ello, permitiría conocer el potencial de los ecosistemas para fortalecer el bienestar, reestablecer los vínculos entre la naturaleza y las personas, dotar de opciones sostenibles para un mejor manejo de los recursos naturales a través de la planificación y de toma de decisiones orientadas y con base empírica . En ese marco, este trabajo tuvo por objetivos 1 identificar las tendencias generales relativas a valoraciones económicas de los servicios ecosistémicos culturales SSEEC en sectores agrícolas en las producciones académicas de los últimos diez años; 2 analizar las implicaciones metodológicas de los métodos de valoración económica empleados en el estudio de los SSEEC en agrosistemas. La metodología adoptada para responder a los objetivos fue la realización de una revisión sistemática de literatura. Se identificaron publicaciones científicas de los últimos diez años y se procedió al análisis de tendencias sobre las formas de abordaje y metodologías aplicadas para el estudio de servicios ecosistémicos culturales en el ámbito agrario. Los principales hallazgos identificaron un incremento en el número de publicaciones sobre servicios ecosistémicos culturales. Amplios esfuerzos por los intentos de lograr valoraciones cuantitativas de los SSEC y la existencia de una diversidad de métodos empleados para la valoración y una multiplicidad de técnicas empleadas para la recogida de información, aunque los formularios estandarizados y encuestas predominan en este ámbito. Los valores estimados por las publicaciones presentan una amplia heterogeneidad y se encuentran expresados en distintas unidades funcionales lo que complejiza su comparación. En concordancia con los antecedentes, los métodos empleados para la valoración influyen sobre los montos obtenidos. Las estimaciones a través de costo de viaje suelen presentar valores más altos que los métodos de valoración contingente y los experimentos de elección. Mientras se reconocen los esfuerzos aunados para la valoración de los servicios de recreación y turismo, otros servicios relativos a valores simbólicos, estéticos, y religiosos presentan una mayor complejidad para su valoración y con ello, se detecta una menor cantidad de estudios sobre estos.
En un contexto de evidencia de deterioro ambiental por causa de las pautas económicas de producción y consumo se evidenció la degradación de los ecosistemas. Con el transcurso del tiempo, se visibilizó la importancia de la biodiversidad y de los servicios ecosistémicos para el bienestar de las personas. Con ello, se promovieron enfoques transectoriales e integrales de la investigación y educación para la búsqueda de una mejor comprensión y sensibilidad de la relación entre biodiversidad y servicios ecosistémicos acompañado de nuevas estrategias de gobernanza a nivel local, regional y global Ello, permitiría conocer el potencial de los ecosistemas para fortalecer el bienestar, reestablecer los vínculos entre la naturaleza y las personas, dotar de opciones sostenibles para un mejor manejo de los recursos naturales a través de la planificación y de toma de decisiones orientadas y con base empírica . En ese marco, este trabajo tuvo por objetivos 1 identificar las tendencias generales relativas a valoraciones económicas de los servicios ecosistémicos culturales SSEEC en sectores agrícolas en las producciones académicas de los últimos diez años; 2 analizar las implicaciones metodológicas de los métodos de valoración económica empleados en el estudio de los SSEEC en agrosistemas. La metodología adoptada para responder a los objetivos fue la realización de una revisión sistemática de literatura. Se identificaron publicaciones científicas de los últimos diez años y se procedió al análisis de tendencias sobre las formas de abordaje y metodologías aplicadas para el estudio de servicios ecosistémicos culturales en el ámbito agrario. Los principales hallazgos identificaron un incremento en el número de publicaciones sobre servicios ecosistémicos culturales. Amplios esfuerzos por los intentos de lograr valoraciones cuantitativas de los SSEC y la existencia de una diversidad de métodos empleados para la valoración y una multiplicidad de técnicas empleadas para la recogida de información, aunque los formularios estandarizados y encuestas predominan en este ámbito. Los valores estimados por las publicaciones presentan una amplia heterogeneidad y se encuentran expresados en distintas unidades funcionales lo que complejiza su comparación. En concordancia con los antecedentes, los métodos empleados para la valoración influyen sobre los montos obtenidos. Las estimaciones a través de costo de viaje suelen presentar valores más altos que los métodos de valoración contingente y los experimentos de elección. Mientras se reconocen los esfuerzos aunados para la valoración de los servicios de recreación y turismo, otros servicios relativos a valores simbólicos, estéticos, y religiosos presentan una mayor complejidad para su valoración y con ello, se detecta una menor cantidad de estudios sobre estos.
Direction
SANCHEZ CARREIRA, MARIA DEL CARMEN (Tutorships)
HOSPIDO QUINTANA, ALMUDENA (Co-tutorships)
GONZALEZ GARCIA, SARA (Co-tutorships)
SANCHEZ CARREIRA, MARIA DEL CARMEN (Tutorships)
HOSPIDO QUINTANA, ALMUDENA (Co-tutorships)
GONZALEZ GARCIA, SARA (Co-tutorships)
Court
FERNANDEZ LOPEZ, SARA (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
TURNES ABELENDA, JUAN ALBERTO (Member)
FERNANDEZ LOPEZ, SARA (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
TURNES ABELENDA, JUAN ALBERTO (Member)
Master Thesis Professional Orientation. Urban development against collaborative economy
Authorship
X.D.B.
Master in Economic Development and Innovation
X.D.B.
Master in Economic Development and Innovation
Defense date
09.16.2024 09:30
09.16.2024 09:30
Summary
Technological development and the evolution of ICTs have improved people's connectivity. Information flows much faster, overcoming traditional cost barriers and market asymmetries. In other words, technological innovation went hand in hand with economic innovation. The collaborative economy appeared, a more sustainable model for managing goods and services (especially underutilized ones), through networks of local communities, prioritizing accessibility to property. New innovative companies are then born in terms of their activity, promising the development of local economies. Naturally, the pace of development of digital platforms was faster than the legislative ones, generating a trade-off. Surrounded by controversy, they are now exposed as limiting agents for social progress, mainly due to their negative externalities. This is the case of Airbnb, an online platform that brokers short-term property rentals (usually for tourism purposes). A commercial activity professionalized by the impulse of tourism and the need to amortize the mortgages of the 2008 crisis. This is the well-known short-term rentals market. Its evolution has limited the development of European cities by putting pressure on rental market prices or facilitating gentrification. In any case, this study does not analyze factors such as public housing policies. We focus only on the residential collaborative economy market, which is one more grain of sand in the conflict. In addition, we mention other issues such as its effects on the hotel sector or problems of tax evasion. We also explain how cities have been considering various ways of regulating Airbnb-type platforms and the like for a decade. From weak positions (laissez-faire) to restriction or total prohibition. To verify the relationship between Airbnb and the real estate market, we pose the monthly relationship between the market price of residential rental with the Airbnb price, the occupancy ratio, the supply of properties and the profit. We choose this company because it is one of the four largest online operators in Europe together with Booking or TripAdvisor, having twice as many beds as the 10 largest hotel companies in the EU. We took as a sample the cities of Madrid, Paris and Rome from January 2023 to June 2024 (being aware that it is a very short period, but adjusted to our database). For this we use a log-log ordinary least squares regression.
Technological development and the evolution of ICTs have improved people's connectivity. Information flows much faster, overcoming traditional cost barriers and market asymmetries. In other words, technological innovation went hand in hand with economic innovation. The collaborative economy appeared, a more sustainable model for managing goods and services (especially underutilized ones), through networks of local communities, prioritizing accessibility to property. New innovative companies are then born in terms of their activity, promising the development of local economies. Naturally, the pace of development of digital platforms was faster than the legislative ones, generating a trade-off. Surrounded by controversy, they are now exposed as limiting agents for social progress, mainly due to their negative externalities. This is the case of Airbnb, an online platform that brokers short-term property rentals (usually for tourism purposes). A commercial activity professionalized by the impulse of tourism and the need to amortize the mortgages of the 2008 crisis. This is the well-known short-term rentals market. Its evolution has limited the development of European cities by putting pressure on rental market prices or facilitating gentrification. In any case, this study does not analyze factors such as public housing policies. We focus only on the residential collaborative economy market, which is one more grain of sand in the conflict. In addition, we mention other issues such as its effects on the hotel sector or problems of tax evasion. We also explain how cities have been considering various ways of regulating Airbnb-type platforms and the like for a decade. From weak positions (laissez-faire) to restriction or total prohibition. To verify the relationship between Airbnb and the real estate market, we pose the monthly relationship between the market price of residential rental with the Airbnb price, the occupancy ratio, the supply of properties and the profit. We choose this company because it is one of the four largest online operators in Europe together with Booking or TripAdvisor, having twice as many beds as the 10 largest hotel companies in the EU. We took as a sample the cities of Madrid, Paris and Rome from January 2023 to June 2024 (being aware that it is a very short period, but adjusted to our database). For this we use a log-log ordinary least squares regression.
Direction
CADAVAL SAMPEDRO, MARIA (Tutorships)
CADAVAL SAMPEDRO, MARIA (Tutorships)
Court
FERNANDEZ LOPEZ, SARA (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
TURNES ABELENDA, JUAN ALBERTO (Member)
FERNANDEZ LOPEZ, SARA (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
TURNES ABELENDA, JUAN ALBERTO (Member)
The evaluation of business impact on sustainability: case study of B Corp certification in the dairy sector
Authorship
N.L.M.
Master in Economic Development and Innovation
N.L.M.
Master in Economic Development and Innovation
Defense date
07.18.2024 16:00
07.18.2024 16:00
Summary
The work will focus on the analysis of the business fabric and its relationship with sustainability, with the main objective of understanding how both concepts are interrelated through business standards and certifications. One of the key aspects of this study will be the Action Plan for a Circular Economy, studying in detail the limitations of the current economic model and circularity as a viable alternative. Thus, the circular economy is proposed as a system of change in which the life cycles of products are continuously extended. In the field of certifications and standards, special emphasis will be placed on the B Corp certification, one of the most recognized globally in recent years for balancing social and environmental purpose with economic profit. The origin of this certification, its functioning, the benefits it brings to companies, as well as its values and mission will be investigated. Additionally, the contractual and corporate obligations that companies must meet to obtain and maintain this certification will be explored. The B Corp seal is distinguished by its rigorous B Impact Assessment, which will be the subject of a practical analysis. This analysis is crucial to understanding how companies can improve their positive impact and minimize the negative effects of their operations. In this regard, two case studies will be presented. The first will focus on CAPSA FOOD, a company that has obtained B Corp certification and will serve as an example to understand how the certification is applied in practice, the benefits obtained, and the challenges faced. Through the analysis of CAPSA FOOD's performance with B Corp certification, valuable information will be obtained that will be used to simulate the impact analysis of Grupo Lence, another company that could benefit from the certification. The study of CAPSA FOOD will allow for the extrapolation of information and recommendations that could be applied by Grupo Lence.
The work will focus on the analysis of the business fabric and its relationship with sustainability, with the main objective of understanding how both concepts are interrelated through business standards and certifications. One of the key aspects of this study will be the Action Plan for a Circular Economy, studying in detail the limitations of the current economic model and circularity as a viable alternative. Thus, the circular economy is proposed as a system of change in which the life cycles of products are continuously extended. In the field of certifications and standards, special emphasis will be placed on the B Corp certification, one of the most recognized globally in recent years for balancing social and environmental purpose with economic profit. The origin of this certification, its functioning, the benefits it brings to companies, as well as its values and mission will be investigated. Additionally, the contractual and corporate obligations that companies must meet to obtain and maintain this certification will be explored. The B Corp seal is distinguished by its rigorous B Impact Assessment, which will be the subject of a practical analysis. This analysis is crucial to understanding how companies can improve their positive impact and minimize the negative effects of their operations. In this regard, two case studies will be presented. The first will focus on CAPSA FOOD, a company that has obtained B Corp certification and will serve as an example to understand how the certification is applied in practice, the benefits obtained, and the challenges faced. Through the analysis of CAPSA FOOD's performance with B Corp certification, valuable information will be obtained that will be used to simulate the impact analysis of Grupo Lence, another company that could benefit from the certification. The study of CAPSA FOOD will allow for the extrapolation of information and recommendations that could be applied by Grupo Lence.
Direction
FERNANDEZ FERNANDEZ, Mª LORETO (Tutorships)
FERNANDEZ FERNANDEZ, Mª LORETO (Tutorships)
Court
RODIL MARZABAL, OSCAR (Chairman)
LOPEZ CARBALLEIRA, ANALIA (Secretary)
TOUCEDA TABOADA, LEONCIO (Member)
RODIL MARZABAL, OSCAR (Chairman)
LOPEZ CARBALLEIRA, ANALIA (Secretary)
TOUCEDA TABOADA, LEONCIO (Member)
Master's Degree in Accounting and Financial Managemen
Authorship
I.D.S.R.
Master in Accounting and Financial Management
I.D.S.R.
Master in Accounting and Financial Management
Defense date
09.10.2024 11:00
09.10.2024 11:00
Summary
In the context of the growing importance of sustainability in business management, this master's thesis aims to examine the non-financial information published by Galician companies in the years 2020, 2021, and 2022. The international standards for non-financial information reporting will be highlighted. An analysis will be conducted on the degree of compliance with the norms established by Law 11/2018 of December 28 on non-financial information and diversity by Galician companies
In the context of the growing importance of sustainability in business management, this master's thesis aims to examine the non-financial information published by Galician companies in the years 2020, 2021, and 2022. The international standards for non-financial information reporting will be highlighted. An analysis will be conducted on the degree of compliance with the norms established by Law 11/2018 of December 28 on non-financial information and diversity by Galician companies
Direction
VIVEL BUA, MARIA MILAGROS (Tutorships)
VIVEL BUA, MARIA MILAGROS (Tutorships)
Court
FERNANDEZ LOPEZ, SARA (Chairman)
RODRIGUEZ GULIAS, MARIA JESUS (Secretary)
MASIDE SANFIZ, JOSE MANUEL (Member)
FERNANDEZ LOPEZ, SARA (Chairman)
RODRIGUEZ GULIAS, MARIA JESUS (Secretary)
MASIDE SANFIZ, JOSE MANUEL (Member)
Determining factors of environmentally friendly behavior in the workspace: case of Galicia.
Authorship
B.V.G.
Master in Urban Tourism and Management of Tourist Businesses
B.V.G.
Master in Urban Tourism and Management of Tourist Businesses
Defense date
09.12.2024 10:00
09.12.2024 10:00
Summary
The importance of sustainable development cannot be overestimated. Above all, talking about the tourism sector, which is one of the largest contributors to climate change problems. However, the review of prior literature demonstrates that the sustainability of the tourism sector in particular was studied from the point of view of official policies and practices and corporate social responsibility reports. In this work we offer the vision focused on the environment-related behavior of the individual. As such, the present work aims to understand mechanisms that promote employees' voluntary pro-environmental behavior in the workplace. To do this, we have chosen the following dependent variables: harmonious pro-environmental passion, voluntary environmental behavior of the supervisor, voluntary pro-environmental behavior of the individual's private life, and transformational leadership. Data collection was carried out in the hospitality sector of Galicia, resulting in 41 valid observations. After regression analysis with SPSS 25.0 we have obtained that harmonious pro-environmental passion, voluntary environmental behavior of the supervisor, voluntary pro-environmental behavior of private life positively influences the voluntary pro-environmental behavior of employees in the workplace. The implications of the study could help involve workers in such behavior if managers applied the promotion of environmental education, fostered an environmentally friendly working environment, and made visible the voluntary environmental behavior of supervisors.
The importance of sustainable development cannot be overestimated. Above all, talking about the tourism sector, which is one of the largest contributors to climate change problems. However, the review of prior literature demonstrates that the sustainability of the tourism sector in particular was studied from the point of view of official policies and practices and corporate social responsibility reports. In this work we offer the vision focused on the environment-related behavior of the individual. As such, the present work aims to understand mechanisms that promote employees' voluntary pro-environmental behavior in the workplace. To do this, we have chosen the following dependent variables: harmonious pro-environmental passion, voluntary environmental behavior of the supervisor, voluntary pro-environmental behavior of the individual's private life, and transformational leadership. Data collection was carried out in the hospitality sector of Galicia, resulting in 41 valid observations. After regression analysis with SPSS 25.0 we have obtained that harmonious pro-environmental passion, voluntary environmental behavior of the supervisor, voluntary pro-environmental behavior of private life positively influences the voluntary pro-environmental behavior of employees in the workplace. The implications of the study could help involve workers in such behavior if managers applied the promotion of environmental education, fostered an environmentally friendly working environment, and made visible the voluntary environmental behavior of supervisors.
Direction
SAIFULINA , NAILYA (Tutorships)
SAIFULINA , NAILYA (Tutorships)
Court
DEL RIO ARAUJO, MARIA LUISA (Chairman)
ALVAREZ GONZALEZ, PAULA (Secretary)
CURTO RODRIGUEZ, EDUARDO (Member)
DEL RIO ARAUJO, MARIA LUISA (Chairman)
ALVAREZ GONZALEZ, PAULA (Secretary)
CURTO RODRIGUEZ, EDUARDO (Member)
The future of sustainable tourism in Beijing
Authorship
L.H.
Master in Urban Tourism and Management of Tourist Businesses
L.H.
Master in Urban Tourism and Management of Tourist Businesses
Defense date
09.12.2024 10:00
09.12.2024 10:00
Summary
This thesis explores the importance of sustainable tourism development in Beijing and the challenges it faces. By analysing the current tourism situation, environmental issues and sustainable tourism strategies in Beijing, the study highlights the key role of sustainable tourism in protecting the environment, enhancing socio-economic benefits and improving tourist satisfaction. Although the concept of sustainable tourism is gradually gaining attention, systematic education of businesses, consumers and other relevant parties is still needed to achieve its popularity. The paper suggests that Beijing should strengthen environmental protection and tourism management, promote green infrastructure, and learn from successful international experiences in order to achieve sustainable tourism development, enhance the city's image, and provide useful experiences for global sustainable tourism.
This thesis explores the importance of sustainable tourism development in Beijing and the challenges it faces. By analysing the current tourism situation, environmental issues and sustainable tourism strategies in Beijing, the study highlights the key role of sustainable tourism in protecting the environment, enhancing socio-economic benefits and improving tourist satisfaction. Although the concept of sustainable tourism is gradually gaining attention, systematic education of businesses, consumers and other relevant parties is still needed to achieve its popularity. The paper suggests that Beijing should strengthen environmental protection and tourism management, promote green infrastructure, and learn from successful international experiences in order to achieve sustainable tourism development, enhance the city's image, and provide useful experiences for global sustainable tourism.
Direction
GARCIA GARAZO, MARIA TERESA (Tutorships)
BENITO TORRES, JOSE LEANDRO (Co-tutorships)
GARCIA GARAZO, MARIA TERESA (Tutorships)
BENITO TORRES, JOSE LEANDRO (Co-tutorships)
Court
DEL RIO ARAUJO, MARIA LUISA (Chairman)
ALVAREZ GONZALEZ, PAULA (Secretary)
CURTO RODRIGUEZ, EDUARDO (Member)
DEL RIO ARAUJO, MARIA LUISA (Chairman)
ALVAREZ GONZALEZ, PAULA (Secretary)
CURTO RODRIGUEZ, EDUARDO (Member)
Bici eats business plan
Authorship
Y.Y.
Master in Business Administration [S]
Y.Y.
Master in Business Administration [S]
Defense date
09.12.2024 13:00
09.12.2024 13:00
Summary
This plan focuses on the creation and development of a food delivery app specifically targeting Galicia, Spain. With the acceleration of the pace of modern life and the rapid rise of the food delivery industry, the development of an app that focuses on food delivery from local restaurants has significant market potential and practical feasibility. The program began in the city of Santiago and gradually expanded to the entire region of Galicia. Key features of the app include a focus on restaurant food delivery and a commitment to using bicycles for home delivery to reduce carbon emissions and promote sustainable lifestyles. Through in-depth market research, the potential of the Galician market was identified and specific marketing objectives and strategies were developed. Operational processes are carefully designed to ensure efficient order processing and delivery services. Financial analysis shows that through scientific financial forecasting and budget management, the project has good prospects for profit and long-term sustainability. The conclusion of the paper shows that this food delivery app not only meets market demand and has high deployment value, but also provides users with high-quality services through its unique value proposition and optimized operating model, and has significant advantages in a fiercely competitive market. In the future, the project plans to further expand its business scope, improve user experience, and explore more innovative services to consolidate its market position and achieve sustained growth.
This plan focuses on the creation and development of a food delivery app specifically targeting Galicia, Spain. With the acceleration of the pace of modern life and the rapid rise of the food delivery industry, the development of an app that focuses on food delivery from local restaurants has significant market potential and practical feasibility. The program began in the city of Santiago and gradually expanded to the entire region of Galicia. Key features of the app include a focus on restaurant food delivery and a commitment to using bicycles for home delivery to reduce carbon emissions and promote sustainable lifestyles. Through in-depth market research, the potential of the Galician market was identified and specific marketing objectives and strategies were developed. Operational processes are carefully designed to ensure efficient order processing and delivery services. Financial analysis shows that through scientific financial forecasting and budget management, the project has good prospects for profit and long-term sustainability. The conclusion of the paper shows that this food delivery app not only meets market demand and has high deployment value, but also provides users with high-quality services through its unique value proposition and optimized operating model, and has significant advantages in a fiercely competitive market. In the future, the project plans to further expand its business scope, improve user experience, and explore more innovative services to consolidate its market position and achieve sustained growth.
Direction
OTERO SIMON, MIGUEL ANGEL (Tutorships)
OTERO SIMON, MIGUEL ANGEL (Tutorships)
Court
FERNANDEZ LOPEZ, SARA (Chairman)
CASTRO CASAL, MARIA DEL CARMEN (Secretary)
BASTIDA DOMINGUEZ, MARIA (Member)
FERNANDEZ LOPEZ, SARA (Chairman)
CASTRO CASAL, MARIA DEL CARMEN (Secretary)
BASTIDA DOMINGUEZ, MARIA (Member)
Marketing plan for a business of BIO cosmetic products with Moroccan-origin ingredients
Authorship
B.R.
Master in Business Administration [S]
B.R.
Master in Business Administration [S]
Defense date
07.15.2024 12:30
07.15.2024 12:30
Summary
Executive Summary Raíces Marroquíes is a company dedicated to the creation and distribution of organic beauty products with authentic ingredients from Morocco. By fusing Moroccan tradition with innovation, the company offers high-quality products that are environmentally friendly and suitable for high purchasing power. Problem and Opportunity: In a market saturated with cosmetic products, Raíces Marroquíes addresses the growing demand for natural and sustainable products, offering authentic and healthy alternatives for skin and hair care using Moroccan ingredients. Value Proposition: High-quality, fully organic cosmetic products enriched with authentic Moroccan ingredients like argan oil and rosehip oil, which enhance natural beauty and promote fair trade with local communities in Morocco. Objectives: Establish a solid base in the premium market of the U.S. and Europe within 18 months. Obtain ecological and quality certifications for 70% of products within 12 months. Reduce operational costs by 10% in 12 months. Increase digital visibility by 30% in 6 months. Diversify the supplier base to reduce external dependency by 20% in 12 months. Market and Competition: We operate in an expanding market with a growing preference for natural products. We stand out for our authenticity and commitment to excellence, quality, and sustainability.
Executive Summary Raíces Marroquíes is a company dedicated to the creation and distribution of organic beauty products with authentic ingredients from Morocco. By fusing Moroccan tradition with innovation, the company offers high-quality products that are environmentally friendly and suitable for high purchasing power. Problem and Opportunity: In a market saturated with cosmetic products, Raíces Marroquíes addresses the growing demand for natural and sustainable products, offering authentic and healthy alternatives for skin and hair care using Moroccan ingredients. Value Proposition: High-quality, fully organic cosmetic products enriched with authentic Moroccan ingredients like argan oil and rosehip oil, which enhance natural beauty and promote fair trade with local communities in Morocco. Objectives: Establish a solid base in the premium market of the U.S. and Europe within 18 months. Obtain ecological and quality certifications for 70% of products within 12 months. Reduce operational costs by 10% in 12 months. Increase digital visibility by 30% in 6 months. Diversify the supplier base to reduce external dependency by 20% in 12 months. Market and Competition: We operate in an expanding market with a growing preference for natural products. We stand out for our authenticity and commitment to excellence, quality, and sustainability.
Direction
PORTO PEDRIDO, JOSE RAMON (Tutorships)
PORTO PEDRIDO, JOSE RAMON (Tutorships)
Court
VIVEL BUA, MARIA MILAGROS (Chairman)
VAZQUEZ SANMARTIN, ANTONIO (Secretary)
BASTIDA DOMINGUEZ, MARIA (Member)
VIVEL BUA, MARIA MILAGROS (Chairman)
VAZQUEZ SANMARTIN, ANTONIO (Secretary)
BASTIDA DOMINGUEZ, MARIA (Member)
Relationship between the working capital operative and the profitability. Analysis of SMEs in the manufacturing sector olive oil (2012/2022)
Authorship
Y.D.O.P.
Master in Accounting and Financial Management
Y.D.O.P.
Master in Accounting and Financial Management
Defense date
07.16.2024 09:30
07.16.2024 09:30
Summary
The objectives of this work have been twofold: (1) to study the way in which working capital is managed in companies; and (2) to analyses whether working capital periods have any effect on business profitability, both economic and financial, for companies in the olive oil manufacturing sector. Specifically, a sample of 1.127 SMEs olive oil-producing in Spain was selected for the period between 2012 and 2022. With regard to how these SMEs manage working capital (Objective 1), it was found that, over the analysis horizon, the weight of current assets with respect to total assets increased, representing around 50% of total assets. Likewise, it could be seen that to finance themselves they use more external resources than their own, and within those, most of them, around 40% of the total assets, come from the short term. Therefore, the high weight of current assets and liabilities in SMEs dedicated to the manufacture of olive oil justifies the need for effective management of their working capital. The working capital financing policy used mainly by SMEs in 2012 could be described as aggressive, with a small part of the operating working capital (OWC) being covered by working capital (WC). However, while this trend is clear and continues for most cooperatives societies, for anonymous companies and limited liability companies, there appears to be a shift towards more orthodox financing policies, where less use is made ofshort-term resources to finance the OWC. According to Altman and Amat's Z-scores, the credit risk of SMEs in this sector is high; while the liquidity ratios indicate that, in general, cooperative companies have better liquidity than anonymous and limited companies. In terms of profitability, anonymous and limited companies have higher profitable than cooperative societies, but this may be due to the different financial objectives that cooperatives pursue compared to conventional commercial partnerships. On the other hand, with regard to the periods of circulation, cooperatives have shorter periods. The reason is basically explained by the average period of existence, since anonymous and limited companies have a very high level, as the average collection period is almost the same. As a result, although the average payment period is more advantageous for anonymous and limited companies, the existence level is so high that it raises its cash cycle, on average, to 216 days, more than double that of cooperatives (90 days). With respect to the impact generated by working capital periods on business profitability (Objective 2), very interesting significant effects were found. Specifically, the average collection period has a negative effect on business profitability. This negative impact is to be expected, as it increases the probability of attracting potential delinquent and unpaid customers that reduce the company’s revenues, and therefore its economic profitability, and increase financing costs (opportunity costs), thus also harming financial profitability. On the other hand, the average inventory period maintains a U-shaped relationship with economic profitability. This result, contrary to the expected, indicates that, from a certain level of stocks, its increase, increases the profitability of the company. The arguments for this relationship may be due to the speculative potential of olive oil stocks to shape oil prices for the following year. Similarly, and given the importance of the average stock period in the CTT, it also maintains a U-shaped relationship with economic profitability.
The objectives of this work have been twofold: (1) to study the way in which working capital is managed in companies; and (2) to analyses whether working capital periods have any effect on business profitability, both economic and financial, for companies in the olive oil manufacturing sector. Specifically, a sample of 1.127 SMEs olive oil-producing in Spain was selected for the period between 2012 and 2022. With regard to how these SMEs manage working capital (Objective 1), it was found that, over the analysis horizon, the weight of current assets with respect to total assets increased, representing around 50% of total assets. Likewise, it could be seen that to finance themselves they use more external resources than their own, and within those, most of them, around 40% of the total assets, come from the short term. Therefore, the high weight of current assets and liabilities in SMEs dedicated to the manufacture of olive oil justifies the need for effective management of their working capital. The working capital financing policy used mainly by SMEs in 2012 could be described as aggressive, with a small part of the operating working capital (OWC) being covered by working capital (WC). However, while this trend is clear and continues for most cooperatives societies, for anonymous companies and limited liability companies, there appears to be a shift towards more orthodox financing policies, where less use is made ofshort-term resources to finance the OWC. According to Altman and Amat's Z-scores, the credit risk of SMEs in this sector is high; while the liquidity ratios indicate that, in general, cooperative companies have better liquidity than anonymous and limited companies. In terms of profitability, anonymous and limited companies have higher profitable than cooperative societies, but this may be due to the different financial objectives that cooperatives pursue compared to conventional commercial partnerships. On the other hand, with regard to the periods of circulation, cooperatives have shorter periods. The reason is basically explained by the average period of existence, since anonymous and limited companies have a very high level, as the average collection period is almost the same. As a result, although the average payment period is more advantageous for anonymous and limited companies, the existence level is so high that it raises its cash cycle, on average, to 216 days, more than double that of cooperatives (90 days). With respect to the impact generated by working capital periods on business profitability (Objective 2), very interesting significant effects were found. Specifically, the average collection period has a negative effect on business profitability. This negative impact is to be expected, as it increases the probability of attracting potential delinquent and unpaid customers that reduce the company’s revenues, and therefore its economic profitability, and increase financing costs (opportunity costs), thus also harming financial profitability. On the other hand, the average inventory period maintains a U-shaped relationship with economic profitability. This result, contrary to the expected, indicates that, from a certain level of stocks, its increase, increases the profitability of the company. The arguments for this relationship may be due to the speculative potential of olive oil stocks to shape oil prices for the following year. Similarly, and given the importance of the average stock period in the CTT, it also maintains a U-shaped relationship with economic profitability.
Direction
FERNANDEZ LOPEZ, SARA (Tutorships)
FERNANDEZ LOPEZ, SARA (Tutorships)
Court
CANTORNA AGRA, SARA (Chairman)
GARRIDO RUSO, MARIA (Secretary)
RODRIGUEZ SANDIAS, ALFONSO (Member)
CANTORNA AGRA, SARA (Chairman)
GARRIDO RUSO, MARIA (Secretary)
RODRIGUEZ SANDIAS, ALFONSO (Member)
Technology Transfer and Development: Sub-Saharan Africa
Authorship
J.J.N.E.
Master in Economic Development and Innovation
J.J.N.E.
Master in Economic Development and Innovation
Defense date
07.18.2024 16:00
07.18.2024 16:00
Summary
Since ancient times, technology has been a determining factor for the growth and development of peoples, making possible the creation of new forms of production and the reconditioning of human life. However, technological progress is characterized by the fact that it usually originates in a specific region without preference, and is concentrated there until the process of transfer of said technology to other countries and regions that are then considered peripheral or late in technological implementation takes place. This phenomenon was clearly observed in the First Industrial Revolution, which originated in England and then spread to the rest of continental Europe through different mechanisms of technology transfer. Today, and with the technological advances of the Fourth Industrial Revolution, the technological gap and the north-south division are still fully in force, given the limitations that some countries have in terms of development; as is the case of Sub-Saharan Africa, where basic services dependent on the introduction of technology are still not covered. In the current economic and social context of Sub-Saharan Africa, with high levels of population growth, the need for physical and urban infrastructure, challenges in the health sector, food security, etc., together with the transformations and uncertainty currently taking place in the process of financial globalization, the process of technological diffusion and development presents important challenges. This paper analyses some indicators that reflect the technological and industrial sector performance of Sub-Saharan Africa, which are contrasted with the results of other regions to get an idea of the technological gap that separates them and the effort that awaits them to make. Indicators such as industrial GDP, added value of manufacturing, industrial trade balance, provision of technological machinery, employment in the industrial sector, expenditure on research and development, industrial patents, industrial support infrastructure and environmental impact are analysed. Sub-Saharan Africa is at lower levels of industrial development, which makes it necessary to introduce technologies in all their forms. The successful experiences in technology transfer from late industrializing countries such as Japan and South Africa, as well as the role currently played by China in the region, show the fundamental role played by the State and foreign capital in technology transfer processes, both in terms of legislation and financing, in order to take the first steps and accompany the business development sector. The final part of this work presents a diagnosis of possible technological disadvantages and opportunities in the context of the economies of Sub-Saharan Africa, as well as a series of proposals for tools that could help in the design of technology transfer and industrialization policies in the region; closing with the section on conclusions.
Since ancient times, technology has been a determining factor for the growth and development of peoples, making possible the creation of new forms of production and the reconditioning of human life. However, technological progress is characterized by the fact that it usually originates in a specific region without preference, and is concentrated there until the process of transfer of said technology to other countries and regions that are then considered peripheral or late in technological implementation takes place. This phenomenon was clearly observed in the First Industrial Revolution, which originated in England and then spread to the rest of continental Europe through different mechanisms of technology transfer. Today, and with the technological advances of the Fourth Industrial Revolution, the technological gap and the north-south division are still fully in force, given the limitations that some countries have in terms of development; as is the case of Sub-Saharan Africa, where basic services dependent on the introduction of technology are still not covered. In the current economic and social context of Sub-Saharan Africa, with high levels of population growth, the need for physical and urban infrastructure, challenges in the health sector, food security, etc., together with the transformations and uncertainty currently taking place in the process of financial globalization, the process of technological diffusion and development presents important challenges. This paper analyses some indicators that reflect the technological and industrial sector performance of Sub-Saharan Africa, which are contrasted with the results of other regions to get an idea of the technological gap that separates them and the effort that awaits them to make. Indicators such as industrial GDP, added value of manufacturing, industrial trade balance, provision of technological machinery, employment in the industrial sector, expenditure on research and development, industrial patents, industrial support infrastructure and environmental impact are analysed. Sub-Saharan Africa is at lower levels of industrial development, which makes it necessary to introduce technologies in all their forms. The successful experiences in technology transfer from late industrializing countries such as Japan and South Africa, as well as the role currently played by China in the region, show the fundamental role played by the State and foreign capital in technology transfer processes, both in terms of legislation and financing, in order to take the first steps and accompany the business development sector. The final part of this work presents a diagnosis of possible technological disadvantages and opportunities in the context of the economies of Sub-Saharan Africa, as well as a series of proposals for tools that could help in the design of technology transfer and industrialization policies in the region; closing with the section on conclusions.
Direction
TURNES ABELENDA, JUAN ALBERTO (Tutorships)
TURNES ABELENDA, JUAN ALBERTO (Tutorships)
Court
RODIL MARZABAL, OSCAR (Chairman)
LOPEZ CARBALLEIRA, ANALIA (Secretary)
TOUCEDA TABOADA, LEONCIO (Member)
RODIL MARZABAL, OSCAR (Chairman)
LOPEZ CARBALLEIRA, ANALIA (Secretary)
TOUCEDA TABOADA, LEONCIO (Member)
The taxation of family businesses
Authorship
T.M.Q.
Master in Accounting and Financial Management
T.M.Q.
Master in Accounting and Financial Management
Defense date
07.16.2024 09:30
07.16.2024 09:30
Summary
The purpose of this Master's Thesis is to study the taxation of Family Businesses (FB). In Spain, family businesses are the basis of the country's economy because they represent most of the business fabric, specifically 90%, and originate around 70% of employment. These figures make Spain into one of the countries in the European Union with the greatest presence and dependence on these companies. The main characteristic of FBs is that they must be managed and controlled by the members of the same family. The taxation of family businesses presents a series of particularities that seek to balance the tax burden and the continuity of the business through the generations. These companies have to manage a range of taxes, as well as specific issues such as succession planning and passing the company on to the next generation. In addition, family businesses can benefit from tax incentives, such as tax reductions and exemptions. These measures seek to encourage the long-term growth and stability of the company. However, some of the tax advantages are subject to specific requirements, such as maintaining control of the family for a period or the continuation for business activity for a certain year.
The purpose of this Master's Thesis is to study the taxation of Family Businesses (FB). In Spain, family businesses are the basis of the country's economy because they represent most of the business fabric, specifically 90%, and originate around 70% of employment. These figures make Spain into one of the countries in the European Union with the greatest presence and dependence on these companies. The main characteristic of FBs is that they must be managed and controlled by the members of the same family. The taxation of family businesses presents a series of particularities that seek to balance the tax burden and the continuity of the business through the generations. These companies have to manage a range of taxes, as well as specific issues such as succession planning and passing the company on to the next generation. In addition, family businesses can benefit from tax incentives, such as tax reductions and exemptions. These measures seek to encourage the long-term growth and stability of the company. However, some of the tax advantages are subject to specific requirements, such as maintaining control of the family for a period or the continuation for business activity for a certain year.
Direction
SANTALICES ROMERO, FRANCISCO JAVIER (Tutorships)
SANTALICES ROMERO, FRANCISCO JAVIER (Tutorships)
Court
CANTORNA AGRA, SARA (Chairman)
GARRIDO RUSO, MARIA (Secretary)
RODRIGUEZ SANDIAS, ALFONSO (Member)
CANTORNA AGRA, SARA (Chairman)
GARRIDO RUSO, MARIA (Secretary)
RODRIGUEZ SANDIAS, ALFONSO (Member)
Valuation report of the company O Curro Bed and Food SL
Authorship
L.T.M.M.
Master in Accounting and Financial Management
L.T.M.M.
Master in Accounting and Financial Management
Defense date
09.10.2024 11:00
09.10.2024 11:00
Summary
This work aims to evaluate the Galician company O Curro Bed and Food S.L., specialized in lodging and restaurant services in Santiago de Compostela. We will start by presenting the company with a brief overview of its history and some relevant data to understand its trajectory. Next, we will conduct an analysis of the sector and the environment in which it operates. We will use the PESTEL analysis to provide a general approach, highlighting that the external factors that most influence this sector are economic, due to price competition and population income. Additionally, we will apply Porter's Five Forces model for a more specific approach, allowing us to observe the advantages and disadvantages of the sector, such as the weak entry barriers and the high bargaining power of suppliers. We will conclude with a SWOT analysis, which will allow us to identify the strengths, weaknesses, opportunities, and threats of Altamira. Among the strengths, we can highlight its strategic location, its longevity, and its recognition in the market. On the other hand, threats include dependence on tourism, seasonality, and high competition. We will continue with an economic-financial analysis to obtain information on the progress of value drivers and fundamental factors, comparing them with those of its main competitors. For this analysis, six direct competitors of O Curro Bed and Food S.L. (Altamira) have been identified, which also belong to the hotel and restaurant subsectors, as they manage both hotels and restaurants. This analysis will highlight how Altamira has a good position compared to its competitors, due to its high profitability, low debt levels, and a lower risk level compared to the rest of the companies. Based on the results of the previous analysis, a strategy will be developed to ensure the sustainability of Altamira's good results in the long term. Additionally, hypotheses will be formulated for the preparation of proforma statements (2023-2029), following the main strategy of increasing income without affecting the good indicators that Altamira already manages. To conclude, the evaluation of the company will be carried out using three approaches, achieving a value of equity of around 742,397 euros at the beginning of 2023, with a net equity valuation ratio of approximately 2.49. Finally, it closes with an examination of the risk associated with the factors that most influence the value of equity.
This work aims to evaluate the Galician company O Curro Bed and Food S.L., specialized in lodging and restaurant services in Santiago de Compostela. We will start by presenting the company with a brief overview of its history and some relevant data to understand its trajectory. Next, we will conduct an analysis of the sector and the environment in which it operates. We will use the PESTEL analysis to provide a general approach, highlighting that the external factors that most influence this sector are economic, due to price competition and population income. Additionally, we will apply Porter's Five Forces model for a more specific approach, allowing us to observe the advantages and disadvantages of the sector, such as the weak entry barriers and the high bargaining power of suppliers. We will conclude with a SWOT analysis, which will allow us to identify the strengths, weaknesses, opportunities, and threats of Altamira. Among the strengths, we can highlight its strategic location, its longevity, and its recognition in the market. On the other hand, threats include dependence on tourism, seasonality, and high competition. We will continue with an economic-financial analysis to obtain information on the progress of value drivers and fundamental factors, comparing them with those of its main competitors. For this analysis, six direct competitors of O Curro Bed and Food S.L. (Altamira) have been identified, which also belong to the hotel and restaurant subsectors, as they manage both hotels and restaurants. This analysis will highlight how Altamira has a good position compared to its competitors, due to its high profitability, low debt levels, and a lower risk level compared to the rest of the companies. Based on the results of the previous analysis, a strategy will be developed to ensure the sustainability of Altamira's good results in the long term. Additionally, hypotheses will be formulated for the preparation of proforma statements (2023-2029), following the main strategy of increasing income without affecting the good indicators that Altamira already manages. To conclude, the evaluation of the company will be carried out using three approaches, achieving a value of equity of around 742,397 euros at the beginning of 2023, with a net equity valuation ratio of approximately 2.49. Finally, it closes with an examination of the risk associated with the factors that most influence the value of equity.
Direction
RODRIGUEZ SANDIAS, ALFONSO (Tutorships)
RODRIGUEZ SANDIAS, ALFONSO (Tutorships)
Court
FERNANDEZ LOPEZ, SARA (Chairman)
RODRIGUEZ GULIAS, MARIA JESUS (Secretary)
MASIDE SANFIZ, JOSE MANUEL (Member)
FERNANDEZ LOPEZ, SARA (Chairman)
RODRIGUEZ GULIAS, MARIA JESUS (Secretary)
MASIDE SANFIZ, JOSE MANUEL (Member)
Relationship between operating working capital and profitability Analysis of the milk and other dairy products preparation sector (2012-2022)
Authorship
D.M.G.R.
Master in Accounting and Financial Management
D.M.G.R.
Master in Accounting and Financial Management
Defense date
07.16.2024 09:30
07.16.2024 09:30
Summary
Numerous studies have shown evidence that an efficient management of working capital is directly related to higher profitability. Specialized research on this field generally indicates an inverted U-shape relationship between current assets, operating working capital, and economic profitability. Furthermore, the research indicates that there is a negative relationship with financial profitability. That is, an optimal level of operating working capital (OWC) can improve a company's economic profitability, while an excessively high level can harm profitability due to associated opportunity costs. These issues are addressed in the literature review chapter, where the most important findings of recent research published in SCOPUS-indexed journals are summarized. Based on this review, hypotheses can be developed that relate collection periods, payment periods, inventory, and the cash conversion cycle to the economic and financial profitability of the company. The milk and other dairy sector is fundamental to both economy and society in Spain, which occupies the eighth place in terms of production within the European Union. Additionally, considering the Autonomous Communities (CCAA) as a whole, Galicia stands out as the main cow milk-producing region in Spain. Economically, in 2022 there was a 25% increase in imports and a 9.2% increase in exports compared to the previous year (MAPA, 2024). This sector contributes 0.91% of the national GDP (Cajamar, 2022). Efficient working capital management is relevant for the sector. Which faces challenges such as climate change, rising prices of raw milk and other costs, including electricity and fuel, which have increased production costs and affected profit margins. These factors have motivated the choice of this sector as the object of study. Specifically, a sample of 187 companies analyzed in the period between 2012 to 2022. This work has two main objectives. First, the results show that both SMEs and large companies have a structure where current assets constitute approximately 50% of total assets. SMEs are characterized by a higher proportion of short-term debt and follow a financing policy that is between conservative and aggressive. In contrast, large companies finance their operations mainly with contributions from partners and adopt an aggressive policy. In terms of liquidity, large companies have a slight advantage over SMEs in covering short-term needs. Regarding the probability of bankruptcy, according to the Altman model, both groups are in the danger zone, but the Amat model places them at a low probability of bankruptcy. Additionally, the working capital management periods are more favorable for large companies, as they have greater negotiation capacity and efficiency in managing collections and payments. And second, the results showed a U-shaped relationship between collection periods and inventory with profitability, contradicting the initial hypotheses. On the other hand, the credit period showed a negative relationship with profitability, which supports the proposed hypothesis. No significant results were found regarding the cash conversion cycle. As for profitability, the results confirmed the hypotheses related to each of the periods.
Numerous studies have shown evidence that an efficient management of working capital is directly related to higher profitability. Specialized research on this field generally indicates an inverted U-shape relationship between current assets, operating working capital, and economic profitability. Furthermore, the research indicates that there is a negative relationship with financial profitability. That is, an optimal level of operating working capital (OWC) can improve a company's economic profitability, while an excessively high level can harm profitability due to associated opportunity costs. These issues are addressed in the literature review chapter, where the most important findings of recent research published in SCOPUS-indexed journals are summarized. Based on this review, hypotheses can be developed that relate collection periods, payment periods, inventory, and the cash conversion cycle to the economic and financial profitability of the company. The milk and other dairy sector is fundamental to both economy and society in Spain, which occupies the eighth place in terms of production within the European Union. Additionally, considering the Autonomous Communities (CCAA) as a whole, Galicia stands out as the main cow milk-producing region in Spain. Economically, in 2022 there was a 25% increase in imports and a 9.2% increase in exports compared to the previous year (MAPA, 2024). This sector contributes 0.91% of the national GDP (Cajamar, 2022). Efficient working capital management is relevant for the sector. Which faces challenges such as climate change, rising prices of raw milk and other costs, including electricity and fuel, which have increased production costs and affected profit margins. These factors have motivated the choice of this sector as the object of study. Specifically, a sample of 187 companies analyzed in the period between 2012 to 2022. This work has two main objectives. First, the results show that both SMEs and large companies have a structure where current assets constitute approximately 50% of total assets. SMEs are characterized by a higher proportion of short-term debt and follow a financing policy that is between conservative and aggressive. In contrast, large companies finance their operations mainly with contributions from partners and adopt an aggressive policy. In terms of liquidity, large companies have a slight advantage over SMEs in covering short-term needs. Regarding the probability of bankruptcy, according to the Altman model, both groups are in the danger zone, but the Amat model places them at a low probability of bankruptcy. Additionally, the working capital management periods are more favorable for large companies, as they have greater negotiation capacity and efficiency in managing collections and payments. And second, the results showed a U-shaped relationship between collection periods and inventory with profitability, contradicting the initial hypotheses. On the other hand, the credit period showed a negative relationship with profitability, which supports the proposed hypothesis. No significant results were found regarding the cash conversion cycle. As for profitability, the results confirmed the hypotheses related to each of the periods.
Direction
BLANCO VARELA, BRUNO (Tutorships)
BLANCO VARELA, BRUNO (Tutorships)
Court
CANTORNA AGRA, SARA (Chairman)
GARRIDO RUSO, MARIA (Secretary)
RODRIGUEZ SANDIAS, ALFONSO (Member)
CANTORNA AGRA, SARA (Chairman)
GARRIDO RUSO, MARIA (Secretary)
RODRIGUEZ SANDIAS, ALFONSO (Member)
Innovation in Healthcare: Case Study Design of Implementation of the Value-Based Healthcare Model in a Clinic in Argentina.
Authorship
P.M.A.B.
Master in Economic Development and Innovation
P.M.A.B.
Master in Economic Development and Innovation
Defense date
09.16.2024 09:30
09.16.2024 09:30
Summary
This Master's Thesis addresses the topic of innovation management through a value maximization model in the health sector. To this end, a design plan is proposed for the implementation of the Value-Based Health Model (SBV Model) in the INTECNUS clinic, located in Argentina, whose focus on research, development and teaching, combined with the provision of highly complex services, makes it an ideal laboratory to evaluate the implementation of the SBV Model. The SBV Model, aimed at maximizing value for patients and their families is presented as an innovative approach that can encompass three types of innovation: in products/services, in processes and in the business model. This comprehensive approach aims to improve the quality of medical care, optimize resources and ensure the sustainability of the organization.
This Master's Thesis addresses the topic of innovation management through a value maximization model in the health sector. To this end, a design plan is proposed for the implementation of the Value-Based Health Model (SBV Model) in the INTECNUS clinic, located in Argentina, whose focus on research, development and teaching, combined with the provision of highly complex services, makes it an ideal laboratory to evaluate the implementation of the SBV Model. The SBV Model, aimed at maximizing value for patients and their families is presented as an innovative approach that can encompass three types of innovation: in products/services, in processes and in the business model. This comprehensive approach aims to improve the quality of medical care, optimize resources and ensure the sustainability of the organization.
Direction
CADAVAL SAMPEDRO, MARIA (Tutorships)
Reyes Santías, Francisco (Co-tutorships)
CADAVAL SAMPEDRO, MARIA (Tutorships)
Reyes Santías, Francisco (Co-tutorships)
Court
FERNANDEZ LOPEZ, SARA (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
TURNES ABELENDA, JUAN ALBERTO (Member)
FERNANDEZ LOPEZ, SARA (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
TURNES ABELENDA, JUAN ALBERTO (Member)
Influence Of Variables In Relation To Voluntary Pro-Environmental Behavior Of Employees: The Case Of The Hospitality Sector In Galicia
Authorship
Z.M.T.G.
Master in Urban Tourism and Management of Tourist Businesses
Z.M.T.G.
Master in Urban Tourism and Management of Tourist Businesses
Defense date
09.12.2024 11:30
09.12.2024 11:30
Summary
This paper explores the relevance of corporate social responsibility CSR in companies in the tourism sector, with special emphasis on the examination of voluntary pro-environmental behavior of employees in the workplace in Galicia. An empirical regression analysis is performed with SPSS 25.0, considering factors such as perceived transformational leadership, job satisfaction, corporate environmentalism and passion for the environment. The literature on sustainable tourism focuses on theoretical and empirical objectives to identify factors that influence employees' voluntary pro-environmental behavior in the workplace. Based on a survey of 56 hospitality workers, it was found that job satisfaction and passion for the environment have a positive impact on employees' pro-environmental voluntary actions in the workplace. These results underscore the critical role played by having a passion for the environment and job satisfaction. Promote work environments that promote sustainable development and practices that recognize achievement and seek personal development. Finally, it is suggested that future research should expand the sample size and conduct longitudinal studies to evaluate the evolution of pro-environmental practices in the industry, allowing companies to design more effective measures related to these variables.
This paper explores the relevance of corporate social responsibility CSR in companies in the tourism sector, with special emphasis on the examination of voluntary pro-environmental behavior of employees in the workplace in Galicia. An empirical regression analysis is performed with SPSS 25.0, considering factors such as perceived transformational leadership, job satisfaction, corporate environmentalism and passion for the environment. The literature on sustainable tourism focuses on theoretical and empirical objectives to identify factors that influence employees' voluntary pro-environmental behavior in the workplace. Based on a survey of 56 hospitality workers, it was found that job satisfaction and passion for the environment have a positive impact on employees' pro-environmental voluntary actions in the workplace. These results underscore the critical role played by having a passion for the environment and job satisfaction. Promote work environments that promote sustainable development and practices that recognize achievement and seek personal development. Finally, it is suggested that future research should expand the sample size and conduct longitudinal studies to evaluate the evolution of pro-environmental practices in the industry, allowing companies to design more effective measures related to these variables.
Direction
SAIFULINA , NAILYA (Tutorships)
SAIFULINA , NAILYA (Tutorships)
Court
SANTOS SOLLA, XOSE MANUEL (Chairman)
PICON GARCIA, MANUEL FERNANDO (Secretary)
CARBALLO PENELA, ADOLFO (Member)
SANTOS SOLLA, XOSE MANUEL (Chairman)
PICON GARCIA, MANUEL FERNANDO (Secretary)
CARBALLO PENELA, ADOLFO (Member)
Tourist motivation in a Galician sample of senior citizens. An exploratory analysis.
Authorship
M.L.P.
Master in Urban Tourism and Management of Tourist Businesses
M.L.P.
Master in Urban Tourism and Management of Tourist Businesses
Defense date
09.12.2024 11:30
09.12.2024 11:30
Summary
This Master's Thesis (TFM) focuses on the Social Psychology of Tourism, specifically on the behavior of urban tourists, with an emphasis on the travel motivations of senior citizens in Galicia. The main objective is to analyze the motivations that drive this age group to engage in tourism. To achieve this, several specific objectives were proposed, such as analyzing different variables of the tourist experience and studying the motivation behind tourist behavior based on the theories of Crompton and Pearce. The perception of the psychosocial impact of tourism was also examined, and whether it is perceived as a means to disconnect from the daily routine. A descriptive correlational study was conducted using a questionnaire administered to 73 people aged 65 to 99 years. The results revealed that the main motivations include the search for new places, the need for rest and relaxation, and the improvement of family relationships. Additionally, gender differences were found in the motivations and perceptions of the psychosocial impact of tourism. The results highlight that tourism plays an important role in satisfying the psychosocial needs of people in this age group, providing an escape from daily routine. This study provides an initial understanding of the travel motivations of senior citizens in Galicia and serves as a basis for more detailed and specific future research on this demographic group.
This Master's Thesis (TFM) focuses on the Social Psychology of Tourism, specifically on the behavior of urban tourists, with an emphasis on the travel motivations of senior citizens in Galicia. The main objective is to analyze the motivations that drive this age group to engage in tourism. To achieve this, several specific objectives were proposed, such as analyzing different variables of the tourist experience and studying the motivation behind tourist behavior based on the theories of Crompton and Pearce. The perception of the psychosocial impact of tourism was also examined, and whether it is perceived as a means to disconnect from the daily routine. A descriptive correlational study was conducted using a questionnaire administered to 73 people aged 65 to 99 years. The results revealed that the main motivations include the search for new places, the need for rest and relaxation, and the improvement of family relationships. Additionally, gender differences were found in the motivations and perceptions of the psychosocial impact of tourism. The results highlight that tourism plays an important role in satisfying the psychosocial needs of people in this age group, providing an escape from daily routine. This study provides an initial understanding of the travel motivations of senior citizens in Galicia and serves as a basis for more detailed and specific future research on this demographic group.
Direction
VILARIÑO VAZQUEZ, MANUEL (Tutorships)
VILARIÑO VAZQUEZ, MANUEL (Tutorships)
Court
SANTOS SOLLA, XOSE MANUEL (Chairman)
PICON GARCIA, MANUEL FERNANDO (Secretary)
CARBALLO PENELA, ADOLFO (Member)
SANTOS SOLLA, XOSE MANUEL (Chairman)
PICON GARCIA, MANUEL FERNANDO (Secretary)
CARBALLO PENELA, ADOLFO (Member)
Valuation Report of Ilunion Outsourcing SA
Authorship
M.G.L.
Master in Accounting and Financial Management
M.G.L.
Master in Accounting and Financial Management
Defense date
07.18.2024 09:30
07.18.2024 09:30
Summary
The objective of this Master's Thesis (TFM) is to carry out the valuation of Ilunion Outsourcing SA, a company recognized nationally and internationally dedicated to providing outsourcing services. Firstly, we will describe the main characteristics of the company, its most representative clients and competitors, as well as the economic sector in which it operates. According to this context, we will delve into the company's situation from the macro and microenvironment, based on the PESTEL analysis, Porter's five forces, and a SWOT analysis. In a second section, an economic-financial analysis will be carried out based on the historical financial statements of Ilunion and its competitors and through the analysis of value drivers such as growth, operating margin, tax rate, investment in fixed assets, and working capital. By analyzing risk and profitability, we will obtain the necessary inputs for the definition of operational and financial strategies, which are essential elements for the subsequent valuation of the company. Among the strategies identified for Ilunion, we have that, from the operational scope, we must focus on increasing the operating margin and reducing working capital, and from the financial scope, we must focus on reducing debt to mitigate high financial risk. This will be the starting point to obtain the pro forma financial statements, where we will also propose hypotheses for each line of the balance sheet and income statement, ensuring that they are achievable objectives for the company and that there is a balance in its main economic and financial indicators. These pro forma financial statements will be prepared for an eight-year planning period with two additional years for stabilization. We will conclude with the valuation of the company, in which we will rely on the methods of discounting the company's cash flows (FCF) and the shareholder's cash flows (SCF), as well as the discounting of operating residual benefits (ORB). This process results in an equity value for Ilunion of around 16 million euros, valued as of January 1, 2023, and with a price-to-book ratio (PB ratio) of 4.07, a value we have identified as being in line with that of the sector. As a complement to this valuation, we will perform a sensitivity analysis that will allow us to highlight the impact of the variables that have the greatest influence on the value of the equity.
The objective of this Master's Thesis (TFM) is to carry out the valuation of Ilunion Outsourcing SA, a company recognized nationally and internationally dedicated to providing outsourcing services. Firstly, we will describe the main characteristics of the company, its most representative clients and competitors, as well as the economic sector in which it operates. According to this context, we will delve into the company's situation from the macro and microenvironment, based on the PESTEL analysis, Porter's five forces, and a SWOT analysis. In a second section, an economic-financial analysis will be carried out based on the historical financial statements of Ilunion and its competitors and through the analysis of value drivers such as growth, operating margin, tax rate, investment in fixed assets, and working capital. By analyzing risk and profitability, we will obtain the necessary inputs for the definition of operational and financial strategies, which are essential elements for the subsequent valuation of the company. Among the strategies identified for Ilunion, we have that, from the operational scope, we must focus on increasing the operating margin and reducing working capital, and from the financial scope, we must focus on reducing debt to mitigate high financial risk. This will be the starting point to obtain the pro forma financial statements, where we will also propose hypotheses for each line of the balance sheet and income statement, ensuring that they are achievable objectives for the company and that there is a balance in its main economic and financial indicators. These pro forma financial statements will be prepared for an eight-year planning period with two additional years for stabilization. We will conclude with the valuation of the company, in which we will rely on the methods of discounting the company's cash flows (FCF) and the shareholder's cash flows (SCF), as well as the discounting of operating residual benefits (ORB). This process results in an equity value for Ilunion of around 16 million euros, valued as of January 1, 2023, and with a price-to-book ratio (PB ratio) of 4.07, a value we have identified as being in line with that of the sector. As a complement to this valuation, we will perform a sensitivity analysis that will allow us to highlight the impact of the variables that have the greatest influence on the value of the equity.
Direction
RODRIGUEZ SANDIAS, ALFONSO (Tutorships)
RODRIGUEZ SANDIAS, ALFONSO (Tutorships)
Court
VIVEL BUA, MARIA MILAGROS (Chairman)
BLANCO VARELA, BRUNO (Secretary)
SUAREZ FERNANDEZ, OSCAR (Member)
VIVEL BUA, MARIA MILAGROS (Chairman)
BLANCO VARELA, BRUNO (Secretary)
SUAREZ FERNANDEZ, OSCAR (Member)
Speculative Bubble: Concepts, Detection Tests and Analysis of Renewable Energy Companies in the IBEX 35
Authorship
M.V.B.
Master in Economics
M.V.B.
Master in Economics
Defense date
09.16.2024 11:30
09.16.2024 11:30
Summary
Speculative bubbles are a phenomenon in which the price of an asset increases rapidly and significantly above its fundamental value (Hirano and Toda, 2024). This paper reviews different definitions proposed in the literature. Various perspectives on the emergence of speculative bubbles are unified and different methodologies for assessing this phenomenon are examined. This methodology is illustrated in a case study, which answers the question: Is there a speculative bubble in renewable energy prices in Spain? The price of the shares of Iberdrola, Acciona and Naturgy on the IBEX-35 is analyzed from 2015 to 2023, and the Gordon model is used to calculate the fundamental value of the shares. The results show discrepancies since 2020 due to a notable increase in the share price of Acciona and Naturgy. However, Iberdrola presents a valuation that is more consistent with their economic fundamentals.
Speculative bubbles are a phenomenon in which the price of an asset increases rapidly and significantly above its fundamental value (Hirano and Toda, 2024). This paper reviews different definitions proposed in the literature. Various perspectives on the emergence of speculative bubbles are unified and different methodologies for assessing this phenomenon are examined. This methodology is illustrated in a case study, which answers the question: Is there a speculative bubble in renewable energy prices in Spain? The price of the shares of Iberdrola, Acciona and Naturgy on the IBEX-35 is analyzed from 2015 to 2023, and the Gordon model is used to calculate the fundamental value of the shares. The results show discrepancies since 2020 due to a notable increase in the share price of Acciona and Naturgy. However, Iberdrola presents a valuation that is more consistent with their economic fundamentals.
Direction
Giménez Fernández, Eduardo L. (Tutorships)
Giménez Fernández, Eduardo L. (Tutorships)
Court
CHAS AMIL, MARIA LUISA (Chairman)
Perez-Nievas Montiel, Miguel (Secretary)
LORES INSUA, FRANCISCO XAVIER (Member)
CHAS AMIL, MARIA LUISA (Chairman)
Perez-Nievas Montiel, Miguel (Secretary)
LORES INSUA, FRANCISCO XAVIER (Member)
Análise do turismo receptivo en Venezuela:destinos, políticas e perspectivas(2013-2023)
Authorship
M.P.N.L.
Master in Urban Tourism and Management of Tourist Businesses
M.P.N.L.
Master in Urban Tourism and Management of Tourist Businesses
Defense date
09.12.2024 10:00
09.12.2024 10:00
Summary
The main objective of this paper is to analyze in detail the state of inbound tourism in Venezuela between 2013 and 2023, taking into account the political, economic and legislative factors that have influenced the decline in the arrival of foreign tourists to the country. To this end, specific objectives are developed that include: to study the main tourist destinations in the country and their attractions, to evaluate the arrival of tourists in the proposed period, to investigate the government measures implemented for the promotion of inbound tourism and their consequences, to analyze the impact of the political and economic situation, and finally, to briefly examine its tourist image between the years 2013-2023. This is the first research conducted on the impact of Venezuela's political and economic situation on tourism, and also the one that deals with inbound tourism in the country, beyond competitiveness. Therefore, it provides a more concrete vision of the problems Venezuela faces in developing and promoting its inbound tourism, and confirms what is an open secret: the political context has indeed affected tourism. Thus, it serves as a basis for the creation or modification of policies that encourage it, as well as highlighting the challenges of its environment (of great influence for the sector) which it is recommended to improve, since without them it is unlikely that there will be sustainable progress over time. On the other hand, it provides accurate and current information collected through three semi-structured interviews that support the study and contrast with the scarcity of official data from governmental entities. Finally, it is recommended to optimize the online positioning of Mintur and Venezuela as such, in order to facilitate the tourist information of the destination for foreigners. The study concludes that Venezuela is a multi-destination country with great potential for tourism development, which represents an opportunity to diversify its economy. An opportunity that has begun to be really valued in the last two years of management. In relation to this point, he highlights the importance of investing money and efforts in the country's tourism infrastructure to make it more competitive internationally. He also confirms the great influence of political and economic instability on Venezuela's image abroad and the perception of risk, which has been preponderantly negative, and which has consequently affected tourist arrivals. Venezuela is seen as a dangerous, poor and dictatorial country. On the other hand, it is stated that the rebound of inbound tourism in the last two years is the result of several elements: airline reconnections, the promotion of Venezuela as a tourist destination in international fairs, bilateral agreements with non-traditional tourist markets, and the promotion of Venezuela by travel influencers. It is also highlighted that the foreigners with the highest flow to Venezuela are those coming from countries to which Venezuelans have emigrated, a trend known as accompanying tourism. Finally, this study highlights the need for greater commitment and coherence in the implementation and enforcement of tourism policies to take advantage of the sector and mitigate the negative effects of the country context.
The main objective of this paper is to analyze in detail the state of inbound tourism in Venezuela between 2013 and 2023, taking into account the political, economic and legislative factors that have influenced the decline in the arrival of foreign tourists to the country. To this end, specific objectives are developed that include: to study the main tourist destinations in the country and their attractions, to evaluate the arrival of tourists in the proposed period, to investigate the government measures implemented for the promotion of inbound tourism and their consequences, to analyze the impact of the political and economic situation, and finally, to briefly examine its tourist image between the years 2013-2023. This is the first research conducted on the impact of Venezuela's political and economic situation on tourism, and also the one that deals with inbound tourism in the country, beyond competitiveness. Therefore, it provides a more concrete vision of the problems Venezuela faces in developing and promoting its inbound tourism, and confirms what is an open secret: the political context has indeed affected tourism. Thus, it serves as a basis for the creation or modification of policies that encourage it, as well as highlighting the challenges of its environment (of great influence for the sector) which it is recommended to improve, since without them it is unlikely that there will be sustainable progress over time. On the other hand, it provides accurate and current information collected through three semi-structured interviews that support the study and contrast with the scarcity of official data from governmental entities. Finally, it is recommended to optimize the online positioning of Mintur and Venezuela as such, in order to facilitate the tourist information of the destination for foreigners. The study concludes that Venezuela is a multi-destination country with great potential for tourism development, which represents an opportunity to diversify its economy. An opportunity that has begun to be really valued in the last two years of management. In relation to this point, he highlights the importance of investing money and efforts in the country's tourism infrastructure to make it more competitive internationally. He also confirms the great influence of political and economic instability on Venezuela's image abroad and the perception of risk, which has been preponderantly negative, and which has consequently affected tourist arrivals. Venezuela is seen as a dangerous, poor and dictatorial country. On the other hand, it is stated that the rebound of inbound tourism in the last two years is the result of several elements: airline reconnections, the promotion of Venezuela as a tourist destination in international fairs, bilateral agreements with non-traditional tourist markets, and the promotion of Venezuela by travel influencers. It is also highlighted that the foreigners with the highest flow to Venezuela are those coming from countries to which Venezuelans have emigrated, a trend known as accompanying tourism. Finally, this study highlights the need for greater commitment and coherence in the implementation and enforcement of tourism policies to take advantage of the sector and mitigate the negative effects of the country context.
Direction
PAZOS OTON, MIGUEL (Tutorships)
SANTOS SOLLA, XOSE MANUEL (Co-tutorships)
PAZOS OTON, MIGUEL (Tutorships)
SANTOS SOLLA, XOSE MANUEL (Co-tutorships)
Court
Sánchez Vila, Eduardo Manuel (Chairman)
YRIGOY CADENA, ISMAEL (Secretary)
VILARIÑO VAZQUEZ, MANUEL (Member)
Sánchez Vila, Eduardo Manuel (Chairman)
YRIGOY CADENA, ISMAEL (Secretary)
VILARIÑO VAZQUEZ, MANUEL (Member)
Analysis of the socioeconomic impact of the Festa do Pulpo in O Carballiño
Authorship
J.P.P.
Master in Urban Tourism and Management of Tourist Businesses
J.P.P.
Master in Urban Tourism and Management of Tourist Businesses
Defense date
09.12.2024 11:30
09.12.2024 11:30
Summary
The present work analyzes the socioeconomic impact of the Festa do Pulpo in O Carballiño, a gastronomic event of significance in Galicia and recognized as a Festival of International Tourist Interest since 2022. Through a methodological approach that combines economic data analysis and conducting surveys with attendees, the aim is to estimate the direct economic impact of the festival, as well as to evaluate its social repercussions. The economic analysis focuses on estimating the number of overnight stays and the economic expenditure of tourists and day-trippers at the festival. The collected data indicates that the Festa do Pulpo generates a significant economic impact on the locality, contributing notably to the local economy through increased hotel occupancy and spending by attendees. In the social sphere, the perception of residents and visitors is evaluated, identifying both positive aspects and areas that require improvement. The results show a high degree of satisfaction among attendees, although some concerns are highlighted regarding the sustainability of the event and the need to diversify activities to attract a wider audience, especially young adults. The study concludes that, although the Festa do Pulpo is a key economic driver for O Carballiño, there are opportunities to optimize its management. It is recommended to implement measures that foster greater transparency in the organization and promote complementary activities that enrich the experience and encourage greater community participation.
The present work analyzes the socioeconomic impact of the Festa do Pulpo in O Carballiño, a gastronomic event of significance in Galicia and recognized as a Festival of International Tourist Interest since 2022. Through a methodological approach that combines economic data analysis and conducting surveys with attendees, the aim is to estimate the direct economic impact of the festival, as well as to evaluate its social repercussions. The economic analysis focuses on estimating the number of overnight stays and the economic expenditure of tourists and day-trippers at the festival. The collected data indicates that the Festa do Pulpo generates a significant economic impact on the locality, contributing notably to the local economy through increased hotel occupancy and spending by attendees. In the social sphere, the perception of residents and visitors is evaluated, identifying both positive aspects and areas that require improvement. The results show a high degree of satisfaction among attendees, although some concerns are highlighted regarding the sustainability of the event and the need to diversify activities to attract a wider audience, especially young adults. The study concludes that, although the Festa do Pulpo is a key economic driver for O Carballiño, there are opportunities to optimize its management. It is recommended to implement measures that foster greater transparency in the organization and promote complementary activities that enrich the experience and encourage greater community participation.
Direction
SALGADO BARANDELA, JESYCA MARIA (Tutorships)
SALGADO BARANDELA, JESYCA MARIA (Tutorships)
Court
SANTOS SOLLA, XOSE MANUEL (Chairman)
PICON GARCIA, MANUEL FERNANDO (Secretary)
CARBALLO PENELA, ADOLFO (Member)
SANTOS SOLLA, XOSE MANUEL (Chairman)
PICON GARCIA, MANUEL FERNANDO (Secretary)
CARBALLO PENELA, ADOLFO (Member)
marketing plan of fertilizer moalka
Authorship
M.A.G.K.
Master in Business Administration [S]
M.A.G.K.
Master in Business Administration [S]
Defense date
07.15.2024 11:30
07.15.2024 11:30
Summary
In carrying out this work, I have encountered a great difficulty, which is the lack of information, documentation and opacity on the part of the Egyptian ministry, which has not been able to provide me with the requested information. Not found either in information portals or in the media. Part of the documentation and the execution of this work is generated by my own professional experience developed for years in that sector and by calls from colleagues who are developing activities of this nature. Both in the import sector and in the primary sector of agriculture. Agriculture is a key sector in Egypt's economy, and in 2021, it accounted for 28% of total employment. In Egypt, agriculture is mainly concentrated on the fertile lands along the Nile River and in the delta region. These areas benefit from the annual Nile floods, which deposit nutrient-rich soil. Agriculture in these areas has been a vital part of the Egyptian economy and culture since ancient times. Furthermore, after the construction of the Great Nile Dam in southern Egypt in 1971, this prevented the natural fertilizers present in the river water from being absorbed and deposited before the dam, causing them not to reach the lands. farmers, which impoverished them. in plant nutrients, in addition to Egypt's population, which reached 108,000,000 people on January 1, 2024, forcing the government to reclaim many desert lands that lacked plant nutrients. In view of this boom and growth, I verify that there is a possibility in this sector, in which more exports of fertilizers can be developed, which more specifically cover the needs of the market to which they are going to be destined, and that they are not completely satisfied. , with the offer that exists. I offer a specific product Yuma, which will be offered through different channels. And regarding the segments we will provide you with close, expert and concrete information. The key activities will be: logistics, marketing to make ourselves known and enter the market. Finally, the most important costs inherent to the business model would be continuous development of the website, digital marketing and constant investment in RD. And the source of income would be: the direct, massive and constant sale of the product. For this business model to be successful, both a macro and micro external analysis was carried out, a SWOT was extracted, 3 specific, measurable, achievable, realistic and temporal objectives were defined. Which are: firstly, reach 180,000 euros of income from the export of fertilizers to Egypt at the end of the last quarter of 2025 and marketing expenses 70,000 euros, also have the presence and dissemination of our fertilizers in 15 of the 27 provinces of Egypt by early 2025 and the third to obtain the largest number of farmers, with a minimum of 20 and 10 traders during 2025. Finally, to achieve these objectives, a Marketing strategy was implemented and 5 actions were outlined with their respective implementation and control.
In carrying out this work, I have encountered a great difficulty, which is the lack of information, documentation and opacity on the part of the Egyptian ministry, which has not been able to provide me with the requested information. Not found either in information portals or in the media. Part of the documentation and the execution of this work is generated by my own professional experience developed for years in that sector and by calls from colleagues who are developing activities of this nature. Both in the import sector and in the primary sector of agriculture. Agriculture is a key sector in Egypt's economy, and in 2021, it accounted for 28% of total employment. In Egypt, agriculture is mainly concentrated on the fertile lands along the Nile River and in the delta region. These areas benefit from the annual Nile floods, which deposit nutrient-rich soil. Agriculture in these areas has been a vital part of the Egyptian economy and culture since ancient times. Furthermore, after the construction of the Great Nile Dam in southern Egypt in 1971, this prevented the natural fertilizers present in the river water from being absorbed and deposited before the dam, causing them not to reach the lands. farmers, which impoverished them. in plant nutrients, in addition to Egypt's population, which reached 108,000,000 people on January 1, 2024, forcing the government to reclaim many desert lands that lacked plant nutrients. In view of this boom and growth, I verify that there is a possibility in this sector, in which more exports of fertilizers can be developed, which more specifically cover the needs of the market to which they are going to be destined, and that they are not completely satisfied. , with the offer that exists. I offer a specific product Yuma, which will be offered through different channels. And regarding the segments we will provide you with close, expert and concrete information. The key activities will be: logistics, marketing to make ourselves known and enter the market. Finally, the most important costs inherent to the business model would be continuous development of the website, digital marketing and constant investment in RD. And the source of income would be: the direct, massive and constant sale of the product. For this business model to be successful, both a macro and micro external analysis was carried out, a SWOT was extracted, 3 specific, measurable, achievable, realistic and temporal objectives were defined. Which are: firstly, reach 180,000 euros of income from the export of fertilizers to Egypt at the end of the last quarter of 2025 and marketing expenses 70,000 euros, also have the presence and dissemination of our fertilizers in 15 of the 27 provinces of Egypt by early 2025 and the third to obtain the largest number of farmers, with a minimum of 20 and 10 traders during 2025. Finally, to achieve these objectives, a Marketing strategy was implemented and 5 actions were outlined with their respective implementation and control.
Direction
PORTO PEDRIDO, JOSE RAMON (Tutorships)
PORTO PEDRIDO, JOSE RAMON (Tutorships)
Court
VIVEL BUA, MARIA MILAGROS (Chairman)
VAZQUEZ SANMARTIN, ANTONIO (Secretary)
BASTIDA DOMINGUEZ, MARIA (Member)
VIVEL BUA, MARIA MILAGROS (Chairman)
VAZQUEZ SANMARTIN, ANTONIO (Secretary)
BASTIDA DOMINGUEZ, MARIA (Member)
Human resources employability as a strategic factor: sustainable employability in nursing
Authorship
M.E.R.F.
Master in Business Administration [S]
M.E.R.F.
Master in Business Administration [S]
Defense date
07.16.2024 12:30
07.16.2024 12:30
Summary
The increasing nursing shortage nationally and worldwide is a concern for public and private healthcare institutions and organizations. Analyzing the sustainable employability of nursing staff at the Servicio Gallego de Salud could reveal relevant information about strategic aspects susceptible of being approached by the Consejería de Sanidad of the Autonomic Region of Galicia to minimize the impact of this deficit promoting sustainable employability in this professional sector. Previous studies demonstrated that the type of shiftwork schedule as well as the different operationalizational ages are factors related with sustainable employability in nursing professionals. In order to carry out this study an online survey was designed and distributed to the nursing staff of the Área Sanitaria de Santiago de Compostela y Barbanza. Data from 262 nurses was collected about their employability, socio-demographic and occupational aspects, through an institutional email from the Management Department. ANOVA test and Spearman’s correlation were used for statistical analysis of the variables. Results showed that chronological age, functional age and life-span age influence a higher number of sustainable employability indicators’ than the type of shiftwork schedule of the respondents. Moreover, it was also observed that jobs status (employment stability) is a factor that affects more indicators of sustainable employability than the shiftwork schedule and the organizational age. In summary, the approach of physical and emotional wellbeing aspects, as well as family-work interference and home support seem to be a priority from a strategic human resources management of nursing professionals at the Servicio Gallego de Salud. Promoting this type of proposals, at the same time as facilitating employment stabilization through permanent contracts could reduce the negative effects generated on sustainable employability indicators for these professionals.
The increasing nursing shortage nationally and worldwide is a concern for public and private healthcare institutions and organizations. Analyzing the sustainable employability of nursing staff at the Servicio Gallego de Salud could reveal relevant information about strategic aspects susceptible of being approached by the Consejería de Sanidad of the Autonomic Region of Galicia to minimize the impact of this deficit promoting sustainable employability in this professional sector. Previous studies demonstrated that the type of shiftwork schedule as well as the different operationalizational ages are factors related with sustainable employability in nursing professionals. In order to carry out this study an online survey was designed and distributed to the nursing staff of the Área Sanitaria de Santiago de Compostela y Barbanza. Data from 262 nurses was collected about their employability, socio-demographic and occupational aspects, through an institutional email from the Management Department. ANOVA test and Spearman’s correlation were used for statistical analysis of the variables. Results showed that chronological age, functional age and life-span age influence a higher number of sustainable employability indicators’ than the type of shiftwork schedule of the respondents. Moreover, it was also observed that jobs status (employment stability) is a factor that affects more indicators of sustainable employability than the shiftwork schedule and the organizational age. In summary, the approach of physical and emotional wellbeing aspects, as well as family-work interference and home support seem to be a priority from a strategic human resources management of nursing professionals at the Servicio Gallego de Salud. Promoting this type of proposals, at the same time as facilitating employment stabilization through permanent contracts could reduce the negative effects generated on sustainable employability indicators for these professionals.
Direction
ALVAREZ GONZALEZ, PAULA (Tutorships)
ALVAREZ GONZALEZ, PAULA (Tutorships)
Court
BASTIDA DOMINGUEZ, MARIA (Chairman)
DURAN SANTOMIL, PABLO (Secretary)
DEL RIO ARAUJO, MARIA LUISA (Member)
BASTIDA DOMINGUEZ, MARIA (Chairman)
DURAN SANTOMIL, PABLO (Secretary)
DEL RIO ARAUJO, MARIA LUISA (Member)
From Local Pollution to Global Investment: The Effect of CO2 Emissions on Business Internationalization
Authorship
H.E.B.B.
Master in Economics
H.E.B.B.
Master in Economics
Defense date
09.16.2024 11:30
09.16.2024 11:30
Summary
The growing awareness of the impact of greenhouse gases on the environment has driven companies to adopt environmental sustainability policies. These policies have also improved their public image by portraying them as entities committed to the community and the country, showing that their interests go beyond profitability. The advantages of capital mobility between countries have been widely studied. The Ricardian theory of comparative advantage can be applied to Foreign Direct Investment (FDI), which measures how countries and companies make decisions to leverage comparative advantages and specialize in specific economic sectors. Companies evaluate the destination of their investments by considering where production factors are more efficient or less costly. For countries, foreign direct investments become catalysts for economic development by increasing employment, technology transfer, and trade relations. Restrictions, or the lack thereof, on CO2 emissions in different countries can be seen as a comparative advantage for some companies. This process of relocating investments across different countries can be viewed as an effect of a country’s economic growth. That is, a country's internationalization can help measure its development while reflecting the search for advantages in other countries. Furthermore, new greenhouse gas emission restrictions in a country’s business sector are a consequence of a more developed economy that can afford to have more investments abroad than locally. So, will a country’s economy be more internationalized (i.e., have greater foreign investments than received from abroad) due to greenhouse gas emission restrictions, or have emissions decreased due to companies' internationalization? In both cases, a relationship might be found between companies' internationalization, measured by net direct investment stock, and CO2 emissions, providing evidence for the Halo and Haven hypotheses; foreign investments improve the level of environmental sustainability; and companies seek countries with lax regulations to move their polluting activities. In this context, this study examines the relationship between the difference in direct investment received in and emitted from a given country and environmental impact, using CO2 emissions as an environmental indicator. Based on the growth path theory and Dunning's OLI theory, which assess direct investment as a measure of economic development, the study will present evidence on this relationship in 34 economies, mainly OECD members, using VAR econometric models and Granger causality tests, along with panel data models to measure different effects.
The growing awareness of the impact of greenhouse gases on the environment has driven companies to adopt environmental sustainability policies. These policies have also improved their public image by portraying them as entities committed to the community and the country, showing that their interests go beyond profitability. The advantages of capital mobility between countries have been widely studied. The Ricardian theory of comparative advantage can be applied to Foreign Direct Investment (FDI), which measures how countries and companies make decisions to leverage comparative advantages and specialize in specific economic sectors. Companies evaluate the destination of their investments by considering where production factors are more efficient or less costly. For countries, foreign direct investments become catalysts for economic development by increasing employment, technology transfer, and trade relations. Restrictions, or the lack thereof, on CO2 emissions in different countries can be seen as a comparative advantage for some companies. This process of relocating investments across different countries can be viewed as an effect of a country’s economic growth. That is, a country's internationalization can help measure its development while reflecting the search for advantages in other countries. Furthermore, new greenhouse gas emission restrictions in a country’s business sector are a consequence of a more developed economy that can afford to have more investments abroad than locally. So, will a country’s economy be more internationalized (i.e., have greater foreign investments than received from abroad) due to greenhouse gas emission restrictions, or have emissions decreased due to companies' internationalization? In both cases, a relationship might be found between companies' internationalization, measured by net direct investment stock, and CO2 emissions, providing evidence for the Halo and Haven hypotheses; foreign investments improve the level of environmental sustainability; and companies seek countries with lax regulations to move their polluting activities. In this context, this study examines the relationship between the difference in direct investment received in and emitted from a given country and environmental impact, using CO2 emissions as an environmental indicator. Based on the growth path theory and Dunning's OLI theory, which assess direct investment as a measure of economic development, the study will present evidence on this relationship in 34 economies, mainly OECD members, using VAR econometric models and Granger causality tests, along with panel data models to measure different effects.
Direction
González Loureiro, Miguel (Tutorships)
González Loureiro, Miguel (Tutorships)
Court
CHAS AMIL, MARIA LUISA (Chairman)
Perez-Nievas Montiel, Miguel (Secretary)
LORES INSUA, FRANCISCO XAVIER (Member)
CHAS AMIL, MARIA LUISA (Chairman)
Perez-Nievas Montiel, Miguel (Secretary)
LORES INSUA, FRANCISCO XAVIER (Member)
The relation between working capital and profitability. Analysis of the aluminium production sector in Spain (2012-2022)
Authorship
I.D.R.
Master in Accounting and Financial Management
I.D.R.
Master in Accounting and Financial Management
Defense date
09.10.2024 11:00
09.10.2024 11:00
Summary
This paper analyses the impact of working capital management on the profitability of aluminium companies in Spain. The objective of the study is to analyse the influence of working capital management on the economic and financial profitability of aluminium producing companies, differentiating between economic profitability (ROA) and financial profitability (ROE). The study aims to identify how variation in the timing of the cash cycle affects these profitability indicators. A sample of 273 companies corresponding to the National Code of Economic Activity (CNAE 2442), mainly pymes, is used, collecting data from the period between 2012 and 2022. The data are obtained from the ‘Sistema de Análisis de Balances Ibéricos (SABI)’ database. Panel data methodology is used to estimate the models. The study did not confirm any of the hypotheses on the relationship between working capital management and economic profitability in aluminium production companies. A U-shaped relationship between debt and profitability was observed: an initial increase in debt reduces profitability, but may then increase. Revenue growth and past profitability also positively influence economic profitability. Working capital management variables did not significantly affect ROE, although growth showed a slight effect and past ROE was consistent in its impact.
This paper analyses the impact of working capital management on the profitability of aluminium companies in Spain. The objective of the study is to analyse the influence of working capital management on the economic and financial profitability of aluminium producing companies, differentiating between economic profitability (ROA) and financial profitability (ROE). The study aims to identify how variation in the timing of the cash cycle affects these profitability indicators. A sample of 273 companies corresponding to the National Code of Economic Activity (CNAE 2442), mainly pymes, is used, collecting data from the period between 2012 and 2022. The data are obtained from the ‘Sistema de Análisis de Balances Ibéricos (SABI)’ database. Panel data methodology is used to estimate the models. The study did not confirm any of the hypotheses on the relationship between working capital management and economic profitability in aluminium production companies. A U-shaped relationship between debt and profitability was observed: an initial increase in debt reduces profitability, but may then increase. Revenue growth and past profitability also positively influence economic profitability. Working capital management variables did not significantly affect ROE, although growth showed a slight effect and past ROE was consistent in its impact.
Direction
BLANCO VARELA, BRUNO (Tutorships)
BLANCO VARELA, BRUNO (Tutorships)
Court
FERNANDEZ LOPEZ, SARA (Chairman)
RODRIGUEZ GULIAS, MARIA JESUS (Secretary)
MASIDE SANFIZ, JOSE MANUEL (Member)
FERNANDEZ LOPEZ, SARA (Chairman)
RODRIGUEZ GULIAS, MARIA JESUS (Secretary)
MASIDE SANFIZ, JOSE MANUEL (Member)
Political skills: Effects on subjective career success and interpersonal conflict.
Authorship
B.A.C.
Master in Business Administration [S]
B.A.C.
Master in Business Administration [S]
Defense date
07.16.2024 11:00
07.16.2024 11:00
Summary
The purpose of this Master's thesis is to study political skills and their dimensions, examining from a theoretical and empirical point of view the relationships between political skills and two constructs: “subjective career success” and “interpersonal conflict”. In turn, the effect of these variables on self-perceived performance was analyzed. The methodology used in the theoretical part is based on the study of the specialized literature, referred to in the bibliographical sources, to formulate the different hypotheses. In addition, an empirical study was carried out by means of a questionnaire to 101 professionals from different sectors. The analyses were carried out with the SPSS computer program. While there was evidence of a positive relationship between political skills and “subjective career success”, there was no evidence of a negative association between political skills and “interpersonal conflict”. Likewise, self-perceived performance was found to be positively influenced by “subjective career success”, but not by “interpersonal conflict”. Although the results are in line with other studies, more research is needed regarding the antecedents and consequences of interpersonal conflict.
The purpose of this Master's thesis is to study political skills and their dimensions, examining from a theoretical and empirical point of view the relationships between political skills and two constructs: “subjective career success” and “interpersonal conflict”. In turn, the effect of these variables on self-perceived performance was analyzed. The methodology used in the theoretical part is based on the study of the specialized literature, referred to in the bibliographical sources, to formulate the different hypotheses. In addition, an empirical study was carried out by means of a questionnaire to 101 professionals from different sectors. The analyses were carried out with the SPSS computer program. While there was evidence of a positive relationship between political skills and “subjective career success”, there was no evidence of a negative association between political skills and “interpersonal conflict”. Likewise, self-perceived performance was found to be positively influenced by “subjective career success”, but not by “interpersonal conflict”. Although the results are in line with other studies, more research is needed regarding the antecedents and consequences of interpersonal conflict.
Direction
CASTRO CASAL, MARIA DEL CARMEN (Tutorships)
CASTRO CASAL, MARIA DEL CARMEN (Tutorships)
Court
BASTIDA DOMINGUEZ, MARIA (Chairman)
DURAN SANTOMIL, PABLO (Secretary)
DEL RIO ARAUJO, MARIA LUISA (Member)
BASTIDA DOMINGUEZ, MARIA (Chairman)
DURAN SANTOMIL, PABLO (Secretary)
DEL RIO ARAUJO, MARIA LUISA (Member)
Climate change: risks for the financial system and the climate transition finance
Authorship
D.V.P.
Master in Economics
D.V.P.
Master in Economics
Defense date
09.16.2024 11:30
09.16.2024 11:30
Summary
The goal of this paper is to analyze the relationship between climate risks and the financial system, to comprehend the transmission mechanisms of these risks, understand how they can be measured and reflect on the vulnerability situations they cause in the countries. It also aims to examine the response of institutions, as the main legislators on environmental issues and leaders in the climate transition, as well as financial markets and central banks, to this situation. Finally, it will be analyzed the issue of climate finance with the aim of elucidating the gap between current financing and the need, as well as the main sources of financing and its destination at both the sectoral and geographic levels.
The goal of this paper is to analyze the relationship between climate risks and the financial system, to comprehend the transmission mechanisms of these risks, understand how they can be measured and reflect on the vulnerability situations they cause in the countries. It also aims to examine the response of institutions, as the main legislators on environmental issues and leaders in the climate transition, as well as financial markets and central banks, to this situation. Finally, it will be analyzed the issue of climate finance with the aim of elucidating the gap between current financing and the need, as well as the main sources of financing and its destination at both the sectoral and geographic levels.
Direction
IGLESIAS CASAL, ANA (Tutorships)
LOPEZ ANDION, Mª DEL CARMEN (Co-tutorships)
IGLESIAS CASAL, ANA (Tutorships)
LOPEZ ANDION, Mª DEL CARMEN (Co-tutorships)
Court
CHAS AMIL, MARIA LUISA (Chairman)
Perez-Nievas Montiel, Miguel (Secretary)
LORES INSUA, FRANCISCO XAVIER (Member)
CHAS AMIL, MARIA LUISA (Chairman)
Perez-Nievas Montiel, Miguel (Secretary)
LORES INSUA, FRANCISCO XAVIER (Member)
Marketing Plan ChargeMe
Authorship
Z.Z.
Master in Business Administration [S]
Z.Z.
Master in Business Administration [S]
Defense date
02.19.2024 12:00
02.19.2024 12:00
Summary
The collaborative economy is gaining ground globally and examples can be found in Spain, such as shared bikes, accommodation and car rental business models. Due to the use of mobile devices by people, in our research we believe that the demand for shared charge batteries has also arisen. ChargeMe, a Santiago de Compostela-based startup, seeks to revolutionize mobile device charging with shared charging stations in strategic locations. Its goal is to meet the needs of users who heavily depend on their devices for various activities. ChargeMe provides customers with convenient battery rental services by setting up charging stations. Its income will be obtained by customers who rent shared batteries and pay for the time of use. In this paper, a report is presented that includes an analysis of the market and environment, a marketing plan with objectives and specific KPI's for the launch of said product in the city of Santiago de Compostela.
The collaborative economy is gaining ground globally and examples can be found in Spain, such as shared bikes, accommodation and car rental business models. Due to the use of mobile devices by people, in our research we believe that the demand for shared charge batteries has also arisen. ChargeMe, a Santiago de Compostela-based startup, seeks to revolutionize mobile device charging with shared charging stations in strategic locations. Its goal is to meet the needs of users who heavily depend on their devices for various activities. ChargeMe provides customers with convenient battery rental services by setting up charging stations. Its income will be obtained by customers who rent shared batteries and pay for the time of use. In this paper, a report is presented that includes an analysis of the market and environment, a marketing plan with objectives and specific KPI's for the launch of said product in the city of Santiago de Compostela.
Direction
PORTO PEDRIDO, JOSE RAMON (Tutorships)
PORTO PEDRIDO, JOSE RAMON (Tutorships)
Court
DEL RIO ARAUJO, MARIA LUISA (Chairman)
SUAREZ FERNANDEZ, OSCAR (Secretary)
BASTIDA DOMINGUEZ, MARIA (Member)
DEL RIO ARAUJO, MARIA LUISA (Chairman)
SUAREZ FERNANDEZ, OSCAR (Secretary)
BASTIDA DOMINGUEZ, MARIA (Member)
WonWon Business Plan
Authorship
R.S.
Master in Business Administration [S]
R.S.
Master in Business Administration [S]
Defense date
02.19.2024 12:00
02.19.2024 12:00
Summary
The rise of online retail has energized most global businesses, creating opportunities for sectors of diverse nature and size. In this sense, in this work we have identified business opportunities in the pet supplies retail sector. With the development of the following business plan, an analysis of the potential market is included, the current environment for the Spanish economy, and an execution plan for the launch of the WowWow brand in Spain; a business idea based on the import of pet supplies from China to the Spanish market. Using a comparative study between competitors, market segments and user targets, we have established a strategy for the introduction and launch of the brand and its products available for one year of activity. Culminating with a preliminary financial analysis for the business and some projections for the following years, this work presents the work and start-up structure for a company in the ecommerce sector.
The rise of online retail has energized most global businesses, creating opportunities for sectors of diverse nature and size. In this sense, in this work we have identified business opportunities in the pet supplies retail sector. With the development of the following business plan, an analysis of the potential market is included, the current environment for the Spanish economy, and an execution plan for the launch of the WowWow brand in Spain; a business idea based on the import of pet supplies from China to the Spanish market. Using a comparative study between competitors, market segments and user targets, we have established a strategy for the introduction and launch of the brand and its products available for one year of activity. Culminating with a preliminary financial analysis for the business and some projections for the following years, this work presents the work and start-up structure for a company in the ecommerce sector.
Direction
CAMPOS VAZQUEZ, ADOLFO (Tutorships)
CAMPOS VAZQUEZ, ADOLFO (Tutorships)
Court
DEL RIO ARAUJO, MARIA LUISA (Chairman)
SUAREZ FERNANDEZ, OSCAR (Secretary)
BASTIDA DOMINGUEZ, MARIA (Member)
DEL RIO ARAUJO, MARIA LUISA (Chairman)
SUAREZ FERNANDEZ, OSCAR (Secretary)
BASTIDA DOMINGUEZ, MARIA (Member)
Empresa de Consultoría en Enerxía renovable especializada en Hidróxeno Verde
Authorship
F.S.B.B.
Master in Business Administration [S]
F.S.B.B.
Master in Business Administration [S]
Defense date
09.12.2024 13:30
09.12.2024 13:30
Summary
In this work, the business plan of a renewable energy consultancy specialized in green hydrogen, called InnoH2 Green Consulting, is developed. It will be based in Coruña and will provide its services in Spanish territory to all companies and institutions that wish to be part of the transition global energy and reduced its carbon footprint. The Canvas has been used, called lienzo, which is a key tool to describe the interrelationship of nine components of a business model. Then, the analysis of the macroenvironment is carried out to know the details of the Spanish energy sector, to then delve into the magical world of consulting, to know its structure, its competitors, the market and then illuminate the demand for hydrogen. At the moment, gray hydrogen is used but the world needs to use green hydrogen. Currently in Spain, the production and consumption of gray hydrogen is 500,000 tons per year for almost exclusively industrial use (70% in refineries and 25% in the chemical industry) and the Spanish government, through the Hydrogen Roadmap, establishes that By 2030, 25% renewable (green) hydrogen must be used of the total hydrogen used in the industry. Consequently, in Spain and throughout Europe, the decarbonization race began for industries because political-environmental sanctions are coming, such as the CBAM (Carbon Border Adjustment Mechanism). That said, this work continues with an analysis of commercial viability, passing through the analysis of technical operational feasibility and finally arriving at the economic-financial analysis. The results show that starting from an investment of €32,000, the project provides positive cash flows, an NPV of €373,750 and an IRR of 66.44%. In short, after having studied the market and the sector, knowing the great expectations for green hydrogen at all levels (political, industrial, academic) and having analyzed the financial numbers, we can indicate that this project is viable and profitable.
In this work, the business plan of a renewable energy consultancy specialized in green hydrogen, called InnoH2 Green Consulting, is developed. It will be based in Coruña and will provide its services in Spanish territory to all companies and institutions that wish to be part of the transition global energy and reduced its carbon footprint. The Canvas has been used, called lienzo, which is a key tool to describe the interrelationship of nine components of a business model. Then, the analysis of the macroenvironment is carried out to know the details of the Spanish energy sector, to then delve into the magical world of consulting, to know its structure, its competitors, the market and then illuminate the demand for hydrogen. At the moment, gray hydrogen is used but the world needs to use green hydrogen. Currently in Spain, the production and consumption of gray hydrogen is 500,000 tons per year for almost exclusively industrial use (70% in refineries and 25% in the chemical industry) and the Spanish government, through the Hydrogen Roadmap, establishes that By 2030, 25% renewable (green) hydrogen must be used of the total hydrogen used in the industry. Consequently, in Spain and throughout Europe, the decarbonization race began for industries because political-environmental sanctions are coming, such as the CBAM (Carbon Border Adjustment Mechanism). That said, this work continues with an analysis of commercial viability, passing through the analysis of technical operational feasibility and finally arriving at the economic-financial analysis. The results show that starting from an investment of €32,000, the project provides positive cash flows, an NPV of €373,750 and an IRR of 66.44%. In short, after having studied the market and the sector, knowing the great expectations for green hydrogen at all levels (political, industrial, academic) and having analyzed the financial numbers, we can indicate that this project is viable and profitable.
Direction
CAMPOS VAZQUEZ, ADOLFO (Tutorships)
CAMPOS VAZQUEZ, ADOLFO (Tutorships)
Court
FERNANDEZ LOPEZ, SARA (Chairman)
CASTRO CASAL, MARIA DEL CARMEN (Secretary)
BASTIDA DOMINGUEZ, MARIA (Member)
FERNANDEZ LOPEZ, SARA (Chairman)
CASTRO CASAL, MARIA DEL CARMEN (Secretary)
BASTIDA DOMINGUEZ, MARIA (Member)
Strategic Plan for the Social and Economic Development of the Valle del Alagón Region.
Authorship
P.G.C.
Master in Economic Development and Innovation
P.G.C.
Master in Economic Development and Innovation
Defense date
02.21.2024 17:30
02.21.2024 17:30
Summary
This work deals with the elaboration of a strategic plan to achieve the social and economic development of the Valle del Alagón region. It is intended to achieve two main objectives: to improve the life of families and to stop the tendencies of population loss. Also important, although they occupy a more secondary place: territorial cohesion between municipalities and the generation of a collective identity. In order to achieve these goals, a bibliographic review has been made on the evolution of development policies and on the plans and programs implemented in Extremadura and in the region in the past and at present. In order to make an in-depth diagnosis through qualitative (primary sources and interviews) and quantitative (survey) techniques. Once the diagnosis is done, the main conclusions are established and the strategic plan is elaborated. This plan has 5 strategic lines aimed at directly addressing the 5 original problems: lack of political consensus, lack of regional identity, lack of entrepreneurship, depopulation and low levels of training. Each of these lines will have measures and actions, totaling 26.
This work deals with the elaboration of a strategic plan to achieve the social and economic development of the Valle del Alagón region. It is intended to achieve two main objectives: to improve the life of families and to stop the tendencies of population loss. Also important, although they occupy a more secondary place: territorial cohesion between municipalities and the generation of a collective identity. In order to achieve these goals, a bibliographic review has been made on the evolution of development policies and on the plans and programs implemented in Extremadura and in the region in the past and at present. In order to make an in-depth diagnosis through qualitative (primary sources and interviews) and quantitative (survey) techniques. Once the diagnosis is done, the main conclusions are established and the strategic plan is elaborated. This plan has 5 strategic lines aimed at directly addressing the 5 original problems: lack of political consensus, lack of regional identity, lack of entrepreneurship, depopulation and low levels of training. Each of these lines will have measures and actions, totaling 26.
Direction
RODRIGUEZ RODRIGUEZ, GONZALO (Tutorships)
RODRIGUEZ RODRIGUEZ, GONZALO (Tutorships)
Court
Lois González, Rubén Camilo (Chairman)
SANCHEZ CARREIRA, MARIA DEL CARMEN (Secretary)
LÓPEZ IGLESIAS, EDELMIRO (Member)
Lois González, Rubén Camilo (Chairman)
SANCHEZ CARREIRA, MARIA DEL CARMEN (Secretary)
LÓPEZ IGLESIAS, EDELMIRO (Member)
Exploratory analysis of tourism motivation among Chinese university students.
Authorship
K.H.
Master in Urban Tourism and Management of Tourist Businesses
K.H.
Master in Urban Tourism and Management of Tourist Businesses
Defense date
02.21.2024 10:30
02.21.2024 10:30
Summary
For tourism, university students are a potential group of tourist interest. At the same time, in the People's Republic of China, university students are a growing group and have some economic potential. The study of its attributes, including tourism motivation, can be beneficial for the development of tourism products and the tourism market. This article is an exploratory study based ona non-representative sample (small size and selected through a non-probabilistic sampling) that can indicate the parameters in which the study variables could move, and also allow us to see whether the tourist motivations that include the main theories on tourism motivation are relevant to this sample and, therefore, applicable to it. Additionally, other variables will be analyzed, also in an exploratory way, such as the tourist experience and its impact on the participants ona psychosocial scale. In addition, considering the need to consider the gender perspective, we will proceed to compare men and women to determine whether there are differences between the two groups in the study variables.
For tourism, university students are a potential group of tourist interest. At the same time, in the People's Republic of China, university students are a growing group and have some economic potential. The study of its attributes, including tourism motivation, can be beneficial for the development of tourism products and the tourism market. This article is an exploratory study based ona non-representative sample (small size and selected through a non-probabilistic sampling) that can indicate the parameters in which the study variables could move, and also allow us to see whether the tourist motivations that include the main theories on tourism motivation are relevant to this sample and, therefore, applicable to it. Additionally, other variables will be analyzed, also in an exploratory way, such as the tourist experience and its impact on the participants ona psychosocial scale. In addition, considering the need to consider the gender perspective, we will proceed to compare men and women to determine whether there are differences between the two groups in the study variables.
Direction
VILARIÑO VAZQUEZ, MANUEL (Tutorships)
VILARIÑO VAZQUEZ, MANUEL (Tutorships)
Court
DEL RIO ARAUJO, MARIA LUISA (Chairman)
GARCIA GARAZO, MARIA TERESA (Secretary)
BENITO TORRES, JOSE LEANDRO (Member)
DEL RIO ARAUJO, MARIA LUISA (Chairman)
GARCIA GARAZO, MARIA TERESA (Secretary)
BENITO TORRES, JOSE LEANDRO (Member)
Study on enhancing the competitiveness of traditional tourist destinations in China: the case of Guangzhou
Authorship
Z.W.
Master in Urban Tourism and Management of Tourist Businesses
Z.W.
Master in Urban Tourism and Management of Tourist Businesses
Defense date
09.12.2024 10:00
09.12.2024 10:00
Summary
Tourism is one of the fastest growing sectors in the world today. Traditional tourist destinations, with their rich history and culture, have led tourism. However, in the face of the constant emergence of new tourism products, the position of traditional destinations is at risk. Therefore, to maintain their long-term vitality, traditional tourism destinations must innovate. Guangzhou, one of China's most famous historical and cultural cities, has long been an important destination for both domestic and foreign tourists. Taking Guangzhou as an example, this paper analyzes the current situation of Guangzhou's tourism economic development and exposes the main problems limiting the improvement of Guangzhou's competitiveness. Based on a combination of theoretical models such as Crouch and Ritchie's (2003) Sustainable Tourism Competitiveness Model, Dwyer and King's (2003) Comprehensive Competitiveness Model for International Tourism, and Guo Shu and Cao Ning's (2004) Six Associated Factors Model to analyze tourism competitiveness in terms of a number of dimensions, such as resources and attractions, supporting factors, demand conditions, destination management, environmental conditions, and policy and planning. Literature review, comparative analysis, theoretical analysis and qualitative analysis are used to analyze the extent to which factors affect tourism competitiveness in a case study, focusing on Guangzhou. Proposals are made to improve Guangzhou's tourism competitiveness.
Tourism is one of the fastest growing sectors in the world today. Traditional tourist destinations, with their rich history and culture, have led tourism. However, in the face of the constant emergence of new tourism products, the position of traditional destinations is at risk. Therefore, to maintain their long-term vitality, traditional tourism destinations must innovate. Guangzhou, one of China's most famous historical and cultural cities, has long been an important destination for both domestic and foreign tourists. Taking Guangzhou as an example, this paper analyzes the current situation of Guangzhou's tourism economic development and exposes the main problems limiting the improvement of Guangzhou's competitiveness. Based on a combination of theoretical models such as Crouch and Ritchie's (2003) Sustainable Tourism Competitiveness Model, Dwyer and King's (2003) Comprehensive Competitiveness Model for International Tourism, and Guo Shu and Cao Ning's (2004) Six Associated Factors Model to analyze tourism competitiveness in terms of a number of dimensions, such as resources and attractions, supporting factors, demand conditions, destination management, environmental conditions, and policy and planning. Literature review, comparative analysis, theoretical analysis and qualitative analysis are used to analyze the extent to which factors affect tourism competitiveness in a case study, focusing on Guangzhou. Proposals are made to improve Guangzhou's tourism competitiveness.
Direction
PIÑEIRO ANTELO, MARIA DE LOS ANGELES (Tutorships)
PIÑEIRO ANTELO, MARIA DE LOS ANGELES (Tutorships)
Court
Sánchez Vila, Eduardo Manuel (Chairman)
YRIGOY CADENA, ISMAEL (Secretary)
VILARIÑO VAZQUEZ, MANUEL (Member)
Sánchez Vila, Eduardo Manuel (Chairman)
YRIGOY CADENA, ISMAEL (Secretary)
VILARIÑO VAZQUEZ, MANUEL (Member)
Generation Z's role in eradicating fast fashion: moving towards sustainability and the circular economy
Authorship
T.G.M.
Master in Economic Development and Innovation
T.G.M.
Master in Economic Development and Innovation
Defense date
07.18.2024 16:00
07.18.2024 16:00
Summary
Fast fashion has transformed the textile industry since the 1990s, offering fashionable clothes at affordable prices but of low quality. This business model, based on fast and disposable production cycles, has generated significant environmental and social problems, including high levels of pollution and unethical labour practices in developing countries. The circular economy emerges as a sustainable response to these challenges, promoting waste disposal, recycling and reuse of materials. Unlike the linear economy, the circular economy seeks to keep products in use for as long as possible, reducing the need for new resources and minimising waste. Generation Z, born between 1996 and 2009, plays a crucial role in this transition. These young consumers, influenced by global events such as the Covid-19 pandemic and climate change, are showing a greater awareness of and commitment to sustainability by adopting green and responsible practices, prompting the fashion industry to rethink its business models. Government initiatives such as the European Green Pact, which aims to achieve climate neutrality by 2050, establish guidelines and regulations that incentivise companies to adopt more sustainable practices. This regulatory framework is essential to promote sustainability and support the transition to a circular economy in the textile sector. This Master's thesis highlights how Generation Z, with their growing environmental awareness, can be a catalyst for eradicating fast fashion, adopting more responsible consumption habits and supporting sustainable government policies, this generation has the potential to drive significant change towards a more sustainable future in the fashion industry.
Fast fashion has transformed the textile industry since the 1990s, offering fashionable clothes at affordable prices but of low quality. This business model, based on fast and disposable production cycles, has generated significant environmental and social problems, including high levels of pollution and unethical labour practices in developing countries. The circular economy emerges as a sustainable response to these challenges, promoting waste disposal, recycling and reuse of materials. Unlike the linear economy, the circular economy seeks to keep products in use for as long as possible, reducing the need for new resources and minimising waste. Generation Z, born between 1996 and 2009, plays a crucial role in this transition. These young consumers, influenced by global events such as the Covid-19 pandemic and climate change, are showing a greater awareness of and commitment to sustainability by adopting green and responsible practices, prompting the fashion industry to rethink its business models. Government initiatives such as the European Green Pact, which aims to achieve climate neutrality by 2050, establish guidelines and regulations that incentivise companies to adopt more sustainable practices. This regulatory framework is essential to promote sustainability and support the transition to a circular economy in the textile sector. This Master's thesis highlights how Generation Z, with their growing environmental awareness, can be a catalyst for eradicating fast fashion, adopting more responsible consumption habits and supporting sustainable government policies, this generation has the potential to drive significant change towards a more sustainable future in the fashion industry.
Direction
SANCHEZ CARREIRA, MARIA DEL CARMEN (Tutorships)
SANCHEZ CARREIRA, MARIA DEL CARMEN (Tutorships)
Court
RODIL MARZABAL, OSCAR (Chairman)
LOPEZ CARBALLEIRA, ANALIA (Secretary)
TOUCEDA TABOADA, LEONCIO (Member)
RODIL MARZABAL, OSCAR (Chairman)
LOPEZ CARBALLEIRA, ANALIA (Secretary)
TOUCEDA TABOADA, LEONCIO (Member)
Economic and financial analysis of Mercedes Benz España
Authorship
R.P.F.
Master in Accounting and Financial Management
R.P.F.
Master in Accounting and Financial Management
Defense date
09.10.2024 11:00
09.10.2024 11:00
Summary
The objective of this work is to carry out an economic-financial analysis of the company Mercedes Benz España S.A.U. in order to know its evolution during the years 2018 and 2022. For this purpose, it will be compared with one of the largest companies in the sector: Volkswagen Group. This work will be divided into four parts. First, a brief description of the company will be commented, followed by an explanation of the external and internal analysis of the company. Afterwards, we will carry out an economic-financial analysis of the main indicators, ending with the elaboration of a SWOT analysis. Finally, the main conclusions of the work will be commented. Mercedes Benz Spain is the largest company in the automotive sector and is compared with the second largest: Volkswagen Group Spain. The company under study is in a better situation in terms of profitability, indebtedness, LT solvency and average periods, having recovered in 2022 from the COVID years. However, the CG company has better results in solvency at LT, in financial equilibrium at LT and in the average financial maturity period, being less affected by the pandemic. This paper consists of 16483 words.
The objective of this work is to carry out an economic-financial analysis of the company Mercedes Benz España S.A.U. in order to know its evolution during the years 2018 and 2022. For this purpose, it will be compared with one of the largest companies in the sector: Volkswagen Group. This work will be divided into four parts. First, a brief description of the company will be commented, followed by an explanation of the external and internal analysis of the company. Afterwards, we will carry out an economic-financial analysis of the main indicators, ending with the elaboration of a SWOT analysis. Finally, the main conclusions of the work will be commented. Mercedes Benz Spain is the largest company in the automotive sector and is compared with the second largest: Volkswagen Group Spain. The company under study is in a better situation in terms of profitability, indebtedness, LT solvency and average periods, having recovered in 2022 from the COVID years. However, the CG company has better results in solvency at LT, in financial equilibrium at LT and in the average financial maturity period, being less affected by the pandemic. This paper consists of 16483 words.
Direction
GARRIDO RUSO, MARIA (Tutorships)
GARRIDO RUSO, MARIA (Tutorships)
Court
FERNANDEZ LOPEZ, SARA (Chairman)
RODRIGUEZ GULIAS, MARIA JESUS (Secretary)
MASIDE SANFIZ, JOSE MANUEL (Member)
FERNANDEZ LOPEZ, SARA (Chairman)
RODRIGUEZ GULIAS, MARIA JESUS (Secretary)
MASIDE SANFIZ, JOSE MANUEL (Member)
Analysis of tourism in A Costa da Morte. Tourist motivation and diffusion effects derived from the Parador de Turismo.
Authorship
B.C.C.
Master in Urban Tourism and Management of Tourist Businesses
B.C.C.
Master in Urban Tourism and Management of Tourist Businesses
Defense date
09.12.2024 10:00
09.12.2024 10:00
Summary
In November 2002, the Prestige oil tanker spill caused the Black Tide, affecting A Costa da Morte. To revitalize the economy, the Parador Costa da Morte, the largest hotel in the area, was inaugurated in 2020. Tourism has grown, especially the Camino de Santiago and the Camiño dos Faros route, changing the local economy towards the tertiary sector. The study seeks to characterize tourism in A Costa da Morte, analyzing the profile, motivations, satisfaction and spending of tourists, as well as the impact of the inn. A questionnaire was used for visitors to the parador and the data were analyzed with SPSS, performing descriptive, factorial analyzes and statistical tests. Tourism in Costa da Morte has grown significantly, driven by the opening of the Parador Costa da Morte in 2020. Despite By reducing the average stay, the region has positioned itself as an emerging destination in Galicia. Tourists value the consumption of local products and the enjoyment of nature, indicating a potential for sustainable tourism development. Tourists interested in relaxation and outdoor activities are the most satisfied and tend to spend the most. It is recommended to focus tourism policies on women and foreigners, highlighting the connection with local culture and nature. The Parador has had a positive economic impact in Muxía and has generated knock-on effects throughout the region, with tourists visiting and spending in other locations.
In November 2002, the Prestige oil tanker spill caused the Black Tide, affecting A Costa da Morte. To revitalize the economy, the Parador Costa da Morte, the largest hotel in the area, was inaugurated in 2020. Tourism has grown, especially the Camino de Santiago and the Camiño dos Faros route, changing the local economy towards the tertiary sector. The study seeks to characterize tourism in A Costa da Morte, analyzing the profile, motivations, satisfaction and spending of tourists, as well as the impact of the inn. A questionnaire was used for visitors to the parador and the data were analyzed with SPSS, performing descriptive, factorial analyzes and statistical tests. Tourism in Costa da Morte has grown significantly, driven by the opening of the Parador Costa da Morte in 2020. Despite By reducing the average stay, the region has positioned itself as an emerging destination in Galicia. Tourists value the consumption of local products and the enjoyment of nature, indicating a potential for sustainable tourism development. Tourists interested in relaxation and outdoor activities are the most satisfied and tend to spend the most. It is recommended to focus tourism policies on women and foreigners, highlighting the connection with local culture and nature. The Parador has had a positive economic impact in Muxía and has generated knock-on effects throughout the region, with tourists visiting and spending in other locations.
Direction
MARTINEZ ROGET, FIDEL (Tutorships)
MARTINEZ ROGET, FIDEL (Tutorships)
Court
Sánchez Vila, Eduardo Manuel (Chairman)
YRIGOY CADENA, ISMAEL (Secretary)
VILARIÑO VAZQUEZ, MANUEL (Member)
Sánchez Vila, Eduardo Manuel (Chairman)
YRIGOY CADENA, ISMAEL (Secretary)
VILARIÑO VAZQUEZ, MANUEL (Member)
Factores que combinan turismo y cultura en las ciudades chinas El caso de Qujiang New District
Authorship
Y.Y.
Master in Urban Tourism and Management of Tourist Businesses
Y.Y.
Master in Urban Tourism and Management of Tourist Businesses
Defense date
09.12.2024 11:30
09.12.2024 11:30
Summary
The purpose of this article is to debate the integration and development of the cultural industry and the tourism industry, taking the Qujiang New District of Xi'an (China) as a case study. Therefore, the TFM aims to analyze your experience of success and the factors that influence it. The work is divided into introduction, literature review, case study, PEST analysis, questionnaire survey and conclusion. As for the case study, the Qujiang New District, China, is taken into consideration. The PEST analysis section evaluates the macro-environmental factors affecting cultural and tourism integration in Qujiang New Area: Political: political support. Economic: income level and consumption capacity. Social: disposition and tourist preference. Technological: dissemination channels and infrastructure. In the results and conclusions paragraphs, cultural and tourism integration in Qujiang New Area is analyzed using 198 valid questionnaires. The results indicate that accessibility, uniqueness of cultural and tourism resources, political support, cultural activities, tourism infrastructure and economic factors have a significant impact. The conclusions highlight that government policies, the uniqueness of resources and transportation accessibility are crucial for cultural and tourism integration. The analysis shows that the uniqueness of cultural and tourism resources is the most influential factor.
The purpose of this article is to debate the integration and development of the cultural industry and the tourism industry, taking the Qujiang New District of Xi'an (China) as a case study. Therefore, the TFM aims to analyze your experience of success and the factors that influence it. The work is divided into introduction, literature review, case study, PEST analysis, questionnaire survey and conclusion. As for the case study, the Qujiang New District, China, is taken into consideration. The PEST analysis section evaluates the macro-environmental factors affecting cultural and tourism integration in Qujiang New Area: Political: political support. Economic: income level and consumption capacity. Social: disposition and tourist preference. Technological: dissemination channels and infrastructure. In the results and conclusions paragraphs, cultural and tourism integration in Qujiang New Area is analyzed using 198 valid questionnaires. The results indicate that accessibility, uniqueness of cultural and tourism resources, political support, cultural activities, tourism infrastructure and economic factors have a significant impact. The conclusions highlight that government policies, the uniqueness of resources and transportation accessibility are crucial for cultural and tourism integration. The analysis shows that the uniqueness of cultural and tourism resources is the most influential factor.
Direction
Lopez , Lucrezia (Tutorships)
Lopez , Lucrezia (Tutorships)
Court
SANTOS SOLLA, XOSE MANUEL (Chairman)
PICON GARCIA, MANUEL FERNANDO (Secretary)
CARBALLO PENELA, ADOLFO (Member)
SANTOS SOLLA, XOSE MANUEL (Chairman)
PICON GARCIA, MANUEL FERNANDO (Secretary)
CARBALLO PENELA, ADOLFO (Member)
Human resource management and generational diversity
Authorship
S.Q.
Master in Urban Tourism and Management of Tourist Businesses
S.Q.
Master in Urban Tourism and Management of Tourist Businesses
Defense date
02.21.2024 10:30
02.21.2024 10:30
Summary
Corporate social responsibility (CSR) is no longer limited to the organization, but extends to society as a whole, and is becoming increasingly important. As the working age population increases, women become more economically active, and younger generations enter the workforce, gender equality and intergenerational work teams are more critical than ever. To delve deeper into the field of human resource management and generational diversity, we conducted a study with people of different ages. In light of these ideas, it is important to think about how to handle diversity in the workforce, as well as how our labor market is changing. The catering industry, and the hotel sector in specific, is considered multicultural and has an increasingly diversified workforce as a result of its surroundings, making it an attractive field for research (Sezerel and Tonus, 2014). At the same time, the field of hotel research in intergenerational diversity is gradually growing in Spain and China. Focusing on Human Resource (HR) practices, we analyzed the impact of intergenerational diversity on perceptions of human resource management practices. Our study focused on these practices in order to better understand their impact and value for tourism companies and, particularly, hotels. For this purpose, questions on HR practices were designed using a 5-point Likert scale. Then a questionnaire was developed based in order to find out what they think about the importance of implementing HR practices in hotels. The data collected was assessed based on pairwise comparisons of the perceptions of respondents from different generations, distinguishing two clusters: the Centennial Generation and Other Generations (Baby Boomers, Generation X and Generation Y). The study sample consisted of 145 respondents (135 Chinese and 10 Hispanics). Possible differences in mean scores for each generation were analyzed for different HR practices. The results showed that the Centennial generation's views on entitlements in the workforce are more skewed toward women and gender equality. Centennials tend to value initiatives that promote women's rights and support gender equality more than other generations. At the same time, centennial respondents are more likely than other generations to value the adoption of measures to ensure that hotels promote communication, open and transparent communication.
Corporate social responsibility (CSR) is no longer limited to the organization, but extends to society as a whole, and is becoming increasingly important. As the working age population increases, women become more economically active, and younger generations enter the workforce, gender equality and intergenerational work teams are more critical than ever. To delve deeper into the field of human resource management and generational diversity, we conducted a study with people of different ages. In light of these ideas, it is important to think about how to handle diversity in the workforce, as well as how our labor market is changing. The catering industry, and the hotel sector in specific, is considered multicultural and has an increasingly diversified workforce as a result of its surroundings, making it an attractive field for research (Sezerel and Tonus, 2014). At the same time, the field of hotel research in intergenerational diversity is gradually growing in Spain and China. Focusing on Human Resource (HR) practices, we analyzed the impact of intergenerational diversity on perceptions of human resource management practices. Our study focused on these practices in order to better understand their impact and value for tourism companies and, particularly, hotels. For this purpose, questions on HR practices were designed using a 5-point Likert scale. Then a questionnaire was developed based in order to find out what they think about the importance of implementing HR practices in hotels. The data collected was assessed based on pairwise comparisons of the perceptions of respondents from different generations, distinguishing two clusters: the Centennial Generation and Other Generations (Baby Boomers, Generation X and Generation Y). The study sample consisted of 145 respondents (135 Chinese and 10 Hispanics). Possible differences in mean scores for each generation were analyzed for different HR practices. The results showed that the Centennial generation's views on entitlements in the workforce are more skewed toward women and gender equality. Centennials tend to value initiatives that promote women's rights and support gender equality more than other generations. At the same time, centennial respondents are more likely than other generations to value the adoption of measures to ensure that hotels promote communication, open and transparent communication.
Direction
CARBALLO PENELA, ADOLFO (Tutorships)
CARBALLO PENELA, ADOLFO (Tutorships)
Court
DEL RIO ARAUJO, MARIA LUISA (Chairman)
GARCIA GARAZO, MARIA TERESA (Secretary)
BENITO TORRES, JOSE LEANDRO (Member)
DEL RIO ARAUJO, MARIA LUISA (Chairman)
GARCIA GARAZO, MARIA TERESA (Secretary)
BENITO TORRES, JOSE LEANDRO (Member)
The Digital Marketing Plan in a Company
Authorship
Z.S.
Master in Urban Tourism and Management of Tourist Businesses
Z.S.
Master in Urban Tourism and Management of Tourist Businesses
Defense date
09.12.2024 10:00
09.12.2024 10:00
Summary
The study focuses on e-marketing strategies in the car rental sector. The current state of the application of e-marketing in the sector is analyzed. The advantages of strategies such as web platform promotion, online reservation systems and customer relationship management are explored. It is analyzed empirically with real cases. The article points out that e-marketing strategies help car rental companies improve their competitiveness in the market, optimize customer experience and achieve sustainable development. E-marketing programs have significant advantages and potential in the car rental industry. Through the application of web platform promotion, online reservation system and customer relationship management and other means, car rental companies can improve market competitiveness, optimize customer experience and achieve sustainable development. However, faced with challenges such as cybersecurity and data protection, car rental companies need to constantly innovate and improve their e-marketing strategies to adapt to market changes and meet consumer needs.
The study focuses on e-marketing strategies in the car rental sector. The current state of the application of e-marketing in the sector is analyzed. The advantages of strategies such as web platform promotion, online reservation systems and customer relationship management are explored. It is analyzed empirically with real cases. The article points out that e-marketing strategies help car rental companies improve their competitiveness in the market, optimize customer experience and achieve sustainable development. E-marketing programs have significant advantages and potential in the car rental industry. Through the application of web platform promotion, online reservation system and customer relationship management and other means, car rental companies can improve market competitiveness, optimize customer experience and achieve sustainable development. However, faced with challenges such as cybersecurity and data protection, car rental companies need to constantly innovate and improve their e-marketing strategies to adapt to market changes and meet consumer needs.
Direction
PORTO PEDRIDO, JOSE RAMON (Tutorships)
PORTO PEDRIDO, JOSE RAMON (Tutorships)
Court
DEL RIO ARAUJO, MARIA LUISA (Chairman)
ALVAREZ GONZALEZ, PAULA (Secretary)
CURTO RODRIGUEZ, EDUARDO (Member)
DEL RIO ARAUJO, MARIA LUISA (Chairman)
ALVAREZ GONZALEZ, PAULA (Secretary)
CURTO RODRIGUEZ, EDUARDO (Member)
Study Case: The Revitaliza Program
Authorship
C.S.D.
Master in Economic Development and Innovation
C.S.D.
Master in Economic Development and Innovation
Defense date
07.18.2024 10:00
07.18.2024 10:00
Summary
The Revitaliza program in Pontevedra province is a leading example of circular economy and sustainable waste management. This study analyzes the program's evolution from 2015 to 2023, evaluating its environmental, economic, and social impacts. It focuses on diverting organic waste from incineration and landfilling, establishing a decentralized composting system, and promoting sustainable and cost-effective practices. The study also compares the program with other models in Galicia, such as incineration and Sogama's composting plants, and with initiatives in Spain and Europe. The research highlights lessons learned and best practices for territories interested in the circular economy. The program has proven effective in reducing landfill waste, minimizing greenhouse gas emissions, and creating local jobs. Emphasizing community education and citizen involvement has fostered environmental responsibility among residents. The recommendations underscore the need for ongoing legislative support, stakeholder collaboration, and monitoring and evaluation systems to ensure long-term success and scalability. The Revitaliza program serves as a valuable model for other territories seeking more sustainable waste management.
The Revitaliza program in Pontevedra province is a leading example of circular economy and sustainable waste management. This study analyzes the program's evolution from 2015 to 2023, evaluating its environmental, economic, and social impacts. It focuses on diverting organic waste from incineration and landfilling, establishing a decentralized composting system, and promoting sustainable and cost-effective practices. The study also compares the program with other models in Galicia, such as incineration and Sogama's composting plants, and with initiatives in Spain and Europe. The research highlights lessons learned and best practices for territories interested in the circular economy. The program has proven effective in reducing landfill waste, minimizing greenhouse gas emissions, and creating local jobs. Emphasizing community education and citizen involvement has fostered environmental responsibility among residents. The recommendations underscore the need for ongoing legislative support, stakeholder collaboration, and monitoring and evaluation systems to ensure long-term success and scalability. The Revitaliza program serves as a valuable model for other territories seeking more sustainable waste management.
Direction
TURNES ABELENDA, JUAN ALBERTO (Tutorships)
TURNES ABELENDA, JUAN ALBERTO (Tutorships)
Court
SANCHEZ CARREIRA, MARIA DEL CARMEN (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
PEREIRA SANCHEZ, MARIA ANGELES (Member)
SANCHEZ CARREIRA, MARIA DEL CARMEN (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
PEREIRA SANCHEZ, MARIA ANGELES (Member)
Tangible and intangible impact of the Harbin Ice and Snow Festival on the city
Authorship
X.Q.
Master in Urban Tourism and Management of Tourist Businesses
X.Q.
Master in Urban Tourism and Management of Tourist Businesses
Defense date
09.12.2024 10:00
09.12.2024 10:00
Summary
The Harbin Ice and Snow Festival has become an important event that affects the economic, cultural and social fabric of Harbin and has brought enormous economic benefits. This study evaluates the impact of the Festival through economic analysis and the use of economic indicators. And it also analyzes improvements in infrastructure and public services, focusing on how advanced technologies such as 5G and artificial intelligence can be used to enhance the visitor experience. The establishment of this tourism project not only brings economic benefits, but also plays an important role in the cultural development of the city. This case study can serve as an example of how tourism projects can positively change communities.
The Harbin Ice and Snow Festival has become an important event that affects the economic, cultural and social fabric of Harbin and has brought enormous economic benefits. This study evaluates the impact of the Festival through economic analysis and the use of economic indicators. And it also analyzes improvements in infrastructure and public services, focusing on how advanced technologies such as 5G and artificial intelligence can be used to enhance the visitor experience. The establishment of this tourism project not only brings economic benefits, but also plays an important role in the cultural development of the city. This case study can serve as an example of how tourism projects can positively change communities.
Direction
SALGADO BARANDELA, JESYCA MARIA (Tutorships)
SALGADO BARANDELA, JESYCA MARIA (Tutorships)
Court
Sánchez Vila, Eduardo Manuel (Chairman)
YRIGOY CADENA, ISMAEL (Secretary)
VILARIÑO VAZQUEZ, MANUEL (Member)
Sánchez Vila, Eduardo Manuel (Chairman)
YRIGOY CADENA, ISMAEL (Secretary)
VILARIÑO VAZQUEZ, MANUEL (Member)
Impact of the collaborative economy on tourism in Shanghai and its implications for the development of Santiago de Compostela.
Authorship
K.Q.
Master in Urban Tourism and Management of Tourist Businesses
K.Q.
Master in Urban Tourism and Management of Tourist Businesses
Defense date
09.12.2024 10:00
09.12.2024 10:00
Summary
The main objective of the study is to analyze in depth the impact of the collaborative economy on Shanghai's tourism industry and to draw lessons applicable to Santiago de Compostela. The collaborative economy, characterized by the extensive use of digital technologies and the promotion of access to shared resources, has drastically changed the tourism industry in cosmopolitan cities. This study aims to assess these changes and explore how Santiago de Compostela, with its rich cultural and religious heritage, has benefited from these innovations.
The main objective of the study is to analyze in depth the impact of the collaborative economy on Shanghai's tourism industry and to draw lessons applicable to Santiago de Compostela. The collaborative economy, characterized by the extensive use of digital technologies and the promotion of access to shared resources, has drastically changed the tourism industry in cosmopolitan cities. This study aims to assess these changes and explore how Santiago de Compostela, with its rich cultural and religious heritage, has benefited from these innovations.
Direction
VAZQUEZ SANMARTIN, ANTONIO (Tutorships)
VAZQUEZ SANMARTIN, ANTONIO (Tutorships)
Court
DEL RIO ARAUJO, MARIA LUISA (Chairman)
ALVAREZ GONZALEZ, PAULA (Secretary)
CURTO RODRIGUEZ, EDUARDO (Member)
DEL RIO ARAUJO, MARIA LUISA (Chairman)
ALVAREZ GONZALEZ, PAULA (Secretary)
CURTO RODRIGUEZ, EDUARDO (Member)
Human capital, environmental capital and quality of accounting information. Effects on economic profitability
Authorship
S.S.I.
Master in Accounting and Financial Management
S.S.I.
Master in Accounting and Financial Management
Defense date
09.12.2024 10:00
09.12.2024 10:00
Summary
This paper conducts an in-depth analysis of the economic profitability (ROA) of a sample of 166 energy companies around the world during the 2016-2022 time period, considering a wide range of factors that influence its evolution. Thus, using multivariate analysis techniques, the relationship between ROA and variables such as the quality of accounting information, human capital efficiency, professional development policies, ESG risks and CO2 emissions is evaluated. The results show that the quality of accounting information, human capital efficiency and professional development policies contribute positively to a higher ROA. Financial transparency, investment in human capital and professional development strategies are crucial to gaining investor trust, improving talent efficiency and increasing organizational commitment. In contrast, ESG controversies and CO2 emissions negatively affect ROA. Effective management of ESG risks and the adoption of decarbonization strategies are essential to protect the company's reputation, reduce costs and improve environmental sustainability. This paper has significant theoretical and practical implications for guiding regulators and energy companies to ensure sustainable development of the sector. It is suggested that close collaboration between regulators and energy companies is essential to establish a robust regulatory framework that promotes innovation, encourages investment in clean technologies and human capital, and ensures transparency and corporate responsibility. In this way, not only the economic viability of the sector can be ensured, but also its positive contribution to the environment and society as a whole.
This paper conducts an in-depth analysis of the economic profitability (ROA) of a sample of 166 energy companies around the world during the 2016-2022 time period, considering a wide range of factors that influence its evolution. Thus, using multivariate analysis techniques, the relationship between ROA and variables such as the quality of accounting information, human capital efficiency, professional development policies, ESG risks and CO2 emissions is evaluated. The results show that the quality of accounting information, human capital efficiency and professional development policies contribute positively to a higher ROA. Financial transparency, investment in human capital and professional development strategies are crucial to gaining investor trust, improving talent efficiency and increasing organizational commitment. In contrast, ESG controversies and CO2 emissions negatively affect ROA. Effective management of ESG risks and the adoption of decarbonization strategies are essential to protect the company's reputation, reduce costs and improve environmental sustainability. This paper has significant theoretical and practical implications for guiding regulators and energy companies to ensure sustainable development of the sector. It is suggested that close collaboration between regulators and energy companies is essential to establish a robust regulatory framework that promotes innovation, encourages investment in clean technologies and human capital, and ensures transparency and corporate responsibility. In this way, not only the economic viability of the sector can be ensured, but also its positive contribution to the environment and society as a whole.
Direction
MASIDE SANFIZ, JOSE MANUEL (Tutorships)
SUAREZ FERNANDEZ, OSCAR (Co-tutorships)
MASIDE SANFIZ, JOSE MANUEL (Tutorships)
SUAREZ FERNANDEZ, OSCAR (Co-tutorships)
Court
CANTORNA AGRA, SARA (Chairman)
VIVEL BUA, MARIA MILAGROS (Secretary)
RODRIGUEZ SANDIAS, ALFONSO (Member)
CANTORNA AGRA, SARA (Chairman)
VIVEL BUA, MARIA MILAGROS (Secretary)
RODRIGUEZ SANDIAS, ALFONSO (Member)
Company Valuation Report Naviera de Galicia S.A.
Authorship
N.V.P.V.
Master in Accounting and Financial Management
N.V.P.V.
Master in Accounting and Financial Management
Defense date
09.10.2024 11:00
09.10.2024 11:00
Summary
The objective of this work is to carry out the valuation of the Galician company Naviera de Galicia S.A., hereinafter NAVIGASA, or the company, a company dedicated to providing services as a ship operator. It focuses its activities on container, bulk and general cargo transportation operations, for maritime merchandise traffic to any part of the world. First, the company will be described, briefly commenting on its history and some key data that will help understand its evolution. In addition, an analysis of the maritime transport sector and the environment where its economic activity takes place will be carried out, both at a macro level, relying on PESTEL tools, and at a micro level, using Porter's five forces for this, and completed in accordance with the information collected, in a SWOT analysis. Secondly, a financial economic analysis of the company will be carried out based on historical data, in order to obtain information on the evolution of its value drivers, fundamental factors (growth, profitability and risk) and its strategic matrix, being These variables are extremely important for subsequent planning. We will also do this analysis in comparison to its main competitors; For the study of the comparison group, four main competitors in the sector in which the company operates were defined. In this analysis we will see that its position is favorable compared to the competition; In terms of income growth, it is the one that has the highest growth rate, with respect to its profitability it is above the average of the comparison group and in terms of its risk position it is one of the companies in the selected sector with the highest risk, mainly due to its low financial autonomy. Based on the previous analysis, the strategy will be proposed and the objectives and valuation hypotheses necessary to prepare the planning of the pro forma financial statements for the period from 2023 to 2030 will be determined. The main objective and strategic focus will be tocontinue with the growth of their income and making investments in operational fixed assets, fine-tuning of vessels, a fact that, as we will see, is intrinsically related to the growth of their income. Within the strategy, it was also aimed at improving the operating margin and thereby increasing its profitability. Likewise, it will seek to reduce the volume of treasury to reasonable values to cover the operational needs derived from the ordinary operation of the company and reduce the levels of debt with third parties mainly in the long term, optimizing its working capital, facts that will also help to improve its risk position. Finally, the valuation of the company will be carried out through the three fundamental methods, with their corresponding disaggregation, obtaining a value of the own resources at the time of the valuation of around 52 million euros as of January 1, 2023, with the valuation ratio over net worth of 4.708, a ratio that is above the average for companies in the transportation sector.It concludes with a risk analysis of the variables that have the greatest impact on the value of own resources at the time of their calculation and finally the respective conclusions and caveats of the work carried out are detailed.
The objective of this work is to carry out the valuation of the Galician company Naviera de Galicia S.A., hereinafter NAVIGASA, or the company, a company dedicated to providing services as a ship operator. It focuses its activities on container, bulk and general cargo transportation operations, for maritime merchandise traffic to any part of the world. First, the company will be described, briefly commenting on its history and some key data that will help understand its evolution. In addition, an analysis of the maritime transport sector and the environment where its economic activity takes place will be carried out, both at a macro level, relying on PESTEL tools, and at a micro level, using Porter's five forces for this, and completed in accordance with the information collected, in a SWOT analysis. Secondly, a financial economic analysis of the company will be carried out based on historical data, in order to obtain information on the evolution of its value drivers, fundamental factors (growth, profitability and risk) and its strategic matrix, being These variables are extremely important for subsequent planning. We will also do this analysis in comparison to its main competitors; For the study of the comparison group, four main competitors in the sector in which the company operates were defined. In this analysis we will see that its position is favorable compared to the competition; In terms of income growth, it is the one that has the highest growth rate, with respect to its profitability it is above the average of the comparison group and in terms of its risk position it is one of the companies in the selected sector with the highest risk, mainly due to its low financial autonomy. Based on the previous analysis, the strategy will be proposed and the objectives and valuation hypotheses necessary to prepare the planning of the pro forma financial statements for the period from 2023 to 2030 will be determined. The main objective and strategic focus will be tocontinue with the growth of their income and making investments in operational fixed assets, fine-tuning of vessels, a fact that, as we will see, is intrinsically related to the growth of their income. Within the strategy, it was also aimed at improving the operating margin and thereby increasing its profitability. Likewise, it will seek to reduce the volume of treasury to reasonable values to cover the operational needs derived from the ordinary operation of the company and reduce the levels of debt with third parties mainly in the long term, optimizing its working capital, facts that will also help to improve its risk position. Finally, the valuation of the company will be carried out through the three fundamental methods, with their corresponding disaggregation, obtaining a value of the own resources at the time of the valuation of around 52 million euros as of January 1, 2023, with the valuation ratio over net worth of 4.708, a ratio that is above the average for companies in the transportation sector.It concludes with a risk analysis of the variables that have the greatest impact on the value of own resources at the time of their calculation and finally the respective conclusions and caveats of the work carried out are detailed.
Direction
RODRIGUEZ SANDIAS, ALFONSO (Tutorships)
RODRIGUEZ SANDIAS, ALFONSO (Tutorships)
Court
FERNANDEZ LOPEZ, SARA (Chairman)
RODRIGUEZ GULIAS, MARIA JESUS (Secretary)
MASIDE SANFIZ, JOSE MANUEL (Member)
FERNANDEZ LOPEZ, SARA (Chairman)
RODRIGUEZ GULIAS, MARIA JESUS (Secretary)
MASIDE SANFIZ, JOSE MANUEL (Member)
A study on the survival of social economy enterprises
Authorship
C.F.R.
Master in Accounting and Financial Management
C.F.R.
Master in Accounting and Financial Management
Defense date
07.18.2024 09:30
07.18.2024 09:30
Summary
The current economic situation is deeply marked by the abrupt changes in the monetary policies of the central banks and the various economic and health crises that have followed one after the other. Faced with this scenario, the question arises as to the impact of the social economy on business competitiveness: is it possible that there are differences in survival time depending on the legal form or management model followed? The purpose of this study is to answer this question, continuing the research carried out by Sanz et al. (2013) on the effect of the social economy on business survival. Specifically, we examine business survival, measured as the number of days that the enterprise remains active and healthy, extending the time period and geographical scope used in the previous research and also analysing the differences in survival between the most common legal forms of the social economy in Spain. To this end, statistical techniques based on duration models (Cox regression) have been applied. The sample of companies has been obtained from the SABI database, and is made up of social economy entities, with different legal forms, and companies from different sectors. Based on this sample, the average survival time for the period between 2000 and 2021 is contrasted. The variables included in the Cox regression are the management model, the sector of activity and the stages. For the latter, the year of creation and recent legislative changes in the social economy are taken into account. The results show that social economy enterprises are different from the rest, and that their risk of failure is significantly lower. Moreover, from a sectoral perspective, a worse performance is identified for the secondary and tertiary sectors compared to the primary sector in the case of social economy enterprises. Likewise, a lower risk of failure is found for those enterprises created in the less current stage, a result that is maintained when only social economy entities are considered. It is also found that among the legal forms of the social economy, cooperatives are less likely to fail than worker-owned companies, once the effect of sector and stage is controlled for.
The current economic situation is deeply marked by the abrupt changes in the monetary policies of the central banks and the various economic and health crises that have followed one after the other. Faced with this scenario, the question arises as to the impact of the social economy on business competitiveness: is it possible that there are differences in survival time depending on the legal form or management model followed? The purpose of this study is to answer this question, continuing the research carried out by Sanz et al. (2013) on the effect of the social economy on business survival. Specifically, we examine business survival, measured as the number of days that the enterprise remains active and healthy, extending the time period and geographical scope used in the previous research and also analysing the differences in survival between the most common legal forms of the social economy in Spain. To this end, statistical techniques based on duration models (Cox regression) have been applied. The sample of companies has been obtained from the SABI database, and is made up of social economy entities, with different legal forms, and companies from different sectors. Based on this sample, the average survival time for the period between 2000 and 2021 is contrasted. The variables included in the Cox regression are the management model, the sector of activity and the stages. For the latter, the year of creation and recent legislative changes in the social economy are taken into account. The results show that social economy enterprises are different from the rest, and that their risk of failure is significantly lower. Moreover, from a sectoral perspective, a worse performance is identified for the secondary and tertiary sectors compared to the primary sector in the case of social economy enterprises. Likewise, a lower risk of failure is found for those enterprises created in the less current stage, a result that is maintained when only social economy entities are considered. It is also found that among the legal forms of the social economy, cooperatives are less likely to fail than worker-owned companies, once the effect of sector and stage is controlled for.
Direction
MASIDE SANFIZ, JOSE MANUEL (Tutorships)
CANTORNA AGRA, SARA (Co-tutorships)
MASIDE SANFIZ, JOSE MANUEL (Tutorships)
CANTORNA AGRA, SARA (Co-tutorships)
Court
VIVEL BUA, MARIA MILAGROS (Chairman)
BLANCO VARELA, BRUNO (Secretary)
SUAREZ FERNANDEZ, OSCAR (Member)
VIVEL BUA, MARIA MILAGROS (Chairman)
BLANCO VARELA, BRUNO (Secretary)
SUAREZ FERNANDEZ, OSCAR (Member)
Demographic and Socioeconomic Dynamics of Rural Areas: New Trends in the Post-COVID Period
Authorship
M.I.R.I.
Master in Economic Development and Innovation
M.I.R.I.
Master in Economic Development and Innovation
Defense date
07.18.2024 16:00
07.18.2024 16:00
Summary
The COVID-19 pandemic, caused by the SARS-Cov-2022 virus, had an unprecedented impact on public health, the economy, and society. In Galicia, the pandemic significantly altered demographic trends, increasing mortality and affecting life expectancy and population aging. Rural areas recorded up to 21 deaths per 1000 inhabitants in 2022. The pandemic intensified the previous trend of declining birth rates, affecting fertility patterns and consequently the population structure. The increase in mortality exceeded the decrease in births, resulting in a negative natural growth rate, especially in disadvantaged rural areas. While changes in mortality may be temporary, new fertility patterns could have long-term effects. To combat the pandemic, mobility restrictions and border closures were imposed, affecting migratory flows. This led to an increase in migration to rural areas in search of greater security and quality of life. This urban exodus placed additional pressure on local resources and infrastructure, which were not prepared to accommodate so many new residents in such a short period of time. Urban areas, with higher population density and social interaction, showed higher infection rates compared to rural areas, which demonstrated greater resilience. The health crisis revealed that while urban areas suffered severe impacts, rural areas emerged as spaces of opportunity. The state of alarm and confinement measures promoted teleworking, allowing people to move to rural areas with better quality of life and lower housing costs. The possibility of telecommuting is linked to digital connectivity, a crucial factor in net migrations. Rural tourism also experienced a boom during the pandemic, as people sought safe and less crowded destinations. During lockdowns, the ability of rural areas to produce fresh and healthy food was crucial for food security, increasing demand for local and organic products and highlighting the connection between local production and public health. Demographic revitalization aims to reverse population decline and promote a balanced and sustainable distribution, depending on integrated public policies, access to basic services, digital coverage, long-term changes in population dynamics, along with technological advances and new forms of organization. In addition to demographic consequences, the pandemic had profound repercussions on Galicia's economic structure, especially in rural areas. It significantly affected the primary sector due to disruptions in the supply chain and changes in demand, compounded by the ongoing deagrarianization of the past 60 years. The services sector, although initially experiencing losses, found growth opportunities in telecommuting and digital services, increasing its weight compared to other sectors. The future of rural areas in Galicia in the post-pandemic context depends on their ability to adapt to new socio-economic realities and the policies implemented to promote sustainable rural development. It is crucial to seize emerging opportunities, such as teleworking and rural tourism, and address existing challenges, such as the need for adequate infrastructure and basic services for the new population.
The COVID-19 pandemic, caused by the SARS-Cov-2022 virus, had an unprecedented impact on public health, the economy, and society. In Galicia, the pandemic significantly altered demographic trends, increasing mortality and affecting life expectancy and population aging. Rural areas recorded up to 21 deaths per 1000 inhabitants in 2022. The pandemic intensified the previous trend of declining birth rates, affecting fertility patterns and consequently the population structure. The increase in mortality exceeded the decrease in births, resulting in a negative natural growth rate, especially in disadvantaged rural areas. While changes in mortality may be temporary, new fertility patterns could have long-term effects. To combat the pandemic, mobility restrictions and border closures were imposed, affecting migratory flows. This led to an increase in migration to rural areas in search of greater security and quality of life. This urban exodus placed additional pressure on local resources and infrastructure, which were not prepared to accommodate so many new residents in such a short period of time. Urban areas, with higher population density and social interaction, showed higher infection rates compared to rural areas, which demonstrated greater resilience. The health crisis revealed that while urban areas suffered severe impacts, rural areas emerged as spaces of opportunity. The state of alarm and confinement measures promoted teleworking, allowing people to move to rural areas with better quality of life and lower housing costs. The possibility of telecommuting is linked to digital connectivity, a crucial factor in net migrations. Rural tourism also experienced a boom during the pandemic, as people sought safe and less crowded destinations. During lockdowns, the ability of rural areas to produce fresh and healthy food was crucial for food security, increasing demand for local and organic products and highlighting the connection between local production and public health. Demographic revitalization aims to reverse population decline and promote a balanced and sustainable distribution, depending on integrated public policies, access to basic services, digital coverage, long-term changes in population dynamics, along with technological advances and new forms of organization. In addition to demographic consequences, the pandemic had profound repercussions on Galicia's economic structure, especially in rural areas. It significantly affected the primary sector due to disruptions in the supply chain and changes in demand, compounded by the ongoing deagrarianization of the past 60 years. The services sector, although initially experiencing losses, found growth opportunities in telecommuting and digital services, increasing its weight compared to other sectors. The future of rural areas in Galicia in the post-pandemic context depends on their ability to adapt to new socio-economic realities and the policies implemented to promote sustainable rural development. It is crucial to seize emerging opportunities, such as teleworking and rural tourism, and address existing challenges, such as the need for adequate infrastructure and basic services for the new population.
Direction
LÓPEZ IGLESIAS, EDELMIRO (Tutorships)
Torre Cuevas, Fernando de la (Co-tutorships)
LÓPEZ IGLESIAS, EDELMIRO (Tutorships)
Torre Cuevas, Fernando de la (Co-tutorships)
Court
RODIL MARZABAL, OSCAR (Chairman)
LOPEZ CARBALLEIRA, ANALIA (Secretary)
TOUCEDA TABOADA, LEONCIO (Member)
RODIL MARZABAL, OSCAR (Chairman)
LOPEZ CARBALLEIRA, ANALIA (Secretary)
TOUCEDA TABOADA, LEONCIO (Member)
Valuation report of the company Aluminios Cortizo S.A.
Authorship
M.H.H.
Master in Accounting and Financial Management
M.H.H.
Master in Accounting and Financial Management
Defense date
07.18.2024 09:30
07.18.2024 09:30
Summary
The present work aims to carry out the valuation of the company Aluminios Cortizo S.A. This company operates in the aluminum transformation sector, and its activity is oriented towards the manufacturing and construction industries. Firstly, a brief introduction to the company will be prepared, presenting its history and some key data to understand its structure. Then, an analysis of the sector and the environment in which it operates, both at the micro and macro levels, will be carried out. Regarding the aluminum sector, the objectives and policies of governments project it as one of the protagonists of the ecological transition for the coming decades, either due to its high recyclability or its lower energy consumption compared to other basic raw materials such as steel. Secondly, an economic and financial analysis will be carried out with the aim of obtaining information on the evolution of the three fundamental factors (profitability, growth, and risk). We built a comparison group with six main competitors that cover most of the activities that Cortizo carries out. This analysis will show that the company has a favorable and robust position compared to its competitors, as it presents profitability above the average and with the lowest volatility. Based on the previous analysis, a strategy will be proposed to maintain the company's good results over time, such as reducing net debt or keeping operating margins relatively stable through greater control of income and expenses. Additionally, the valuation assumptions necessary to prepare the proforma financial statements for the period from 2023 to 2032 will be defined. Subsequently, the company will be valued using three fundamental methods, breaking them down in detail, and obtaining a value of equity of around 468 million euros as of January 1, 2023. It will conclude with an analysis of the risks of the variables that have the greatest impact on the value of equity at the time of its calculation, where we will highlight the account of merchandise and material consumption, which has a significant influence characteristic of the manufacturing sector. Finally, we will include a conclusions section, as well as a section on caveats and limitations that we may have encountered along the way.
The present work aims to carry out the valuation of the company Aluminios Cortizo S.A. This company operates in the aluminum transformation sector, and its activity is oriented towards the manufacturing and construction industries. Firstly, a brief introduction to the company will be prepared, presenting its history and some key data to understand its structure. Then, an analysis of the sector and the environment in which it operates, both at the micro and macro levels, will be carried out. Regarding the aluminum sector, the objectives and policies of governments project it as one of the protagonists of the ecological transition for the coming decades, either due to its high recyclability or its lower energy consumption compared to other basic raw materials such as steel. Secondly, an economic and financial analysis will be carried out with the aim of obtaining information on the evolution of the three fundamental factors (profitability, growth, and risk). We built a comparison group with six main competitors that cover most of the activities that Cortizo carries out. This analysis will show that the company has a favorable and robust position compared to its competitors, as it presents profitability above the average and with the lowest volatility. Based on the previous analysis, a strategy will be proposed to maintain the company's good results over time, such as reducing net debt or keeping operating margins relatively stable through greater control of income and expenses. Additionally, the valuation assumptions necessary to prepare the proforma financial statements for the period from 2023 to 2032 will be defined. Subsequently, the company will be valued using three fundamental methods, breaking them down in detail, and obtaining a value of equity of around 468 million euros as of January 1, 2023. It will conclude with an analysis of the risks of the variables that have the greatest impact on the value of equity at the time of its calculation, where we will highlight the account of merchandise and material consumption, which has a significant influence characteristic of the manufacturing sector. Finally, we will include a conclusions section, as well as a section on caveats and limitations that we may have encountered along the way.
Direction
RODRIGUEZ SANDIAS, ALFONSO (Tutorships)
RODRIGUEZ SANDIAS, ALFONSO (Tutorships)
Court
VIVEL BUA, MARIA MILAGROS (Chairman)
BLANCO VARELA, BRUNO (Secretary)
SUAREZ FERNANDEZ, OSCAR (Member)
VIVEL BUA, MARIA MILAGROS (Chairman)
BLANCO VARELA, BRUNO (Secretary)
SUAREZ FERNANDEZ, OSCAR (Member)
Drivers and Barriers to the Development of the Green Hydrogen Market. Situation Analysis for Galicia
Authorship
G.P.A.
Master in Economic Development and Innovation
G.P.A.
Master in Economic Development and Innovation
Defense date
07.18.2024 10:00
07.18.2024 10:00
Summary
Global warming has been identified as a major planetary issue due to current human activities and associated GHG emissions, leading to natural disasters, biodiversity loss, and socio-economic impacts. Green hydrogen is emerging as an alternative for hard-to-abate sectors and promoting economic development in less industrialized countries. This study reviews the global green hydrogen market, covering production technologies, uses, trade, environmental impacts, financing, and strategies, using a PESTEL analysis to identify drivers and barriers. Specifically, the development prospects of the green hydrogen value chain in Galicia were evaluated. Information from public sources on major projects in the region was compiled, including production initiatives, transport applications, and grid injection. Despite being an emerging alternative, green hydrogen represents less than 1% of global hydrogen consumption (95 Mt). Studies project demand growth to around 40 Mt by 2030 and 200-600 Mt by 2050. Water electrolysis, powered by renewables, is seen as the main future production method, with alkaline and PEM technologies being the most mature. Technological improvements and economies of scale are crucial for adoption, influencing efficiency and cost reductions. Government policies and subsidies are driving initial investments, but significant investment gaps remain, especially in developing countries. Key barriers include demand uncertainty, competitiveness, and technological risks. A significant portion of future production is intended for export, requiring enabling infrastructure. Environmental and social impacts of large-scale development include ecosystem disruption and resource consumption. Technological dependence on a few countries is likely, emphasizing the need for local capacity development. In Galicia, with a target of 105,000 tons of hydrogen by 2030, 28 projects have been identified, covering production and transport applications. No operational production exists yet, but potential output could exceed 50,000 tons of green hydrogen and 400,000 tons of derivative fuels by decade's end. Investment estimates are around 2 billion euros, with EU support. Challenges include insufficient infrastructure and social concerns over wind farms. Coordinated efforts are needed to leverage Galicia’s potential and position in the hydrogen value chain.
Global warming has been identified as a major planetary issue due to current human activities and associated GHG emissions, leading to natural disasters, biodiversity loss, and socio-economic impacts. Green hydrogen is emerging as an alternative for hard-to-abate sectors and promoting economic development in less industrialized countries. This study reviews the global green hydrogen market, covering production technologies, uses, trade, environmental impacts, financing, and strategies, using a PESTEL analysis to identify drivers and barriers. Specifically, the development prospects of the green hydrogen value chain in Galicia were evaluated. Information from public sources on major projects in the region was compiled, including production initiatives, transport applications, and grid injection. Despite being an emerging alternative, green hydrogen represents less than 1% of global hydrogen consumption (95 Mt). Studies project demand growth to around 40 Mt by 2030 and 200-600 Mt by 2050. Water electrolysis, powered by renewables, is seen as the main future production method, with alkaline and PEM technologies being the most mature. Technological improvements and economies of scale are crucial for adoption, influencing efficiency and cost reductions. Government policies and subsidies are driving initial investments, but significant investment gaps remain, especially in developing countries. Key barriers include demand uncertainty, competitiveness, and technological risks. A significant portion of future production is intended for export, requiring enabling infrastructure. Environmental and social impacts of large-scale development include ecosystem disruption and resource consumption. Technological dependence on a few countries is likely, emphasizing the need for local capacity development. In Galicia, with a target of 105,000 tons of hydrogen by 2030, 28 projects have been identified, covering production and transport applications. No operational production exists yet, but potential output could exceed 50,000 tons of green hydrogen and 400,000 tons of derivative fuels by decade's end. Investment estimates are around 2 billion euros, with EU support. Challenges include insufficient infrastructure and social concerns over wind farms. Coordinated efforts are needed to leverage Galicia’s potential and position in the hydrogen value chain.
Direction
VENCE DEZA, XAVIER (Tutorships)
Varela Cabo, Luis Miguel (Co-tutorships)
VENCE DEZA, XAVIER (Tutorships)
Varela Cabo, Luis Miguel (Co-tutorships)
Court
SANCHEZ CARREIRA, MARIA DEL CARMEN (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
PEREIRA SANCHEZ, MARIA ANGELES (Member)
SANCHEZ CARREIRA, MARIA DEL CARMEN (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
PEREIRA SANCHEZ, MARIA ANGELES (Member)
Valuation Methods for Biotech Startups
Authorship
L.V.P.
Master in Accounting and Financial Management
L.V.P.
Master in Accounting and Financial Management
Defense date
09.12.2024 10:00
09.12.2024 10:00
Summary
The main objective of this paper is to evaluate and compare different valuation methods for biotech startups, identifying the discrepancies and the most appropriate methodologies. This is done considering the difficulties these companies face in obtaining external capital, due to the lack of operating history, the high probability of failure, the technological risk associated with the rapid evolution of technology, and strict regulatory standards, among other causes. The methodology used includes three valuation methods applicable to biotech startups: the risk-adjusted Net Present Value (NPV), the Venture Capital Method (VCM), and the Monte Carlo simulation. To this end, relevant data from academic and professional sources have been collected and analyzed, and a proprietary valuation model called Modebio has been developed and implemented in Excel. The results obtained indicate that the intention to obtain a return on investment from venture capital distorts the valuation using the VCM, in contrast to the NPV, which is considered a more appropriate model for the objectives of these organizations. Conversely, the Monte Carlo method provides a more realistic valuation than the NPV, as it allows for the incorporation of implicit options and the multiplicity of scenarios and risks inherent to biotechnology startups.
The main objective of this paper is to evaluate and compare different valuation methods for biotech startups, identifying the discrepancies and the most appropriate methodologies. This is done considering the difficulties these companies face in obtaining external capital, due to the lack of operating history, the high probability of failure, the technological risk associated with the rapid evolution of technology, and strict regulatory standards, among other causes. The methodology used includes three valuation methods applicable to biotech startups: the risk-adjusted Net Present Value (NPV), the Venture Capital Method (VCM), and the Monte Carlo simulation. To this end, relevant data from academic and professional sources have been collected and analyzed, and a proprietary valuation model called Modebio has been developed and implemented in Excel. The results obtained indicate that the intention to obtain a return on investment from venture capital distorts the valuation using the VCM, in contrast to the NPV, which is considered a more appropriate model for the objectives of these organizations. Conversely, the Monte Carlo method provides a more realistic valuation than the NPV, as it allows for the incorporation of implicit options and the multiplicity of scenarios and risks inherent to biotechnology startups.
Direction
Otero González, Luis Alberto (Tutorships)
Otero González, Luis Alberto (Tutorships)
Court
CANTORNA AGRA, SARA (Chairman)
VIVEL BUA, MARIA MILAGROS (Secretary)
RODRIGUEZ SANDIAS, ALFONSO (Member)
CANTORNA AGRA, SARA (Chairman)
VIVEL BUA, MARIA MILAGROS (Secretary)
RODRIGUEZ SANDIAS, ALFONSO (Member)
Municipal waste management in Galicia. A vision on the three models: SOGAMA, Nostián and Barbanza.
Authorship
R.C.P.
Master in Economic Development and Innovation
R.C.P.
Master in Economic Development and Innovation
Defense date
07.18.2024 10:00
07.18.2024 10:00
Summary
In the current work an analysis of municipal waste management in Galicia will be made. First of all, a brief introduction will be writen up, where the issue of municipal waste management will be explained, the objectives, the methodology and the sources of information will be established. Then, we will proceed with an analysis of the existing legislation at different institutional levels, by studying the European, state and Galician regulations. After the legislative analysis, we will delve into the three existing models in order to make a comparison between them so that we know which one can operate best. The models to be analyzed will be SOGAMA, Nostián and the community Serra do Barbanza. Subsequently, in order to get closer to reality, interviews will be held in the following towns: Carballo, Zas, Porto do Son, Carnota, Cambre and A Coruña. To continue, a series of proposals will be designed for a new model of garbage collection management, both at the regional and municipal levels and even supramunicipal. To conclude, conclusions will be suggested and the possible limitations and extensions of the work will be discussed
In the current work an analysis of municipal waste management in Galicia will be made. First of all, a brief introduction will be writen up, where the issue of municipal waste management will be explained, the objectives, the methodology and the sources of information will be established. Then, we will proceed with an analysis of the existing legislation at different institutional levels, by studying the European, state and Galician regulations. After the legislative analysis, we will delve into the three existing models in order to make a comparison between them so that we know which one can operate best. The models to be analyzed will be SOGAMA, Nostián and the community Serra do Barbanza. Subsequently, in order to get closer to reality, interviews will be held in the following towns: Carballo, Zas, Porto do Son, Carnota, Cambre and A Coruña. To continue, a series of proposals will be designed for a new model of garbage collection management, both at the regional and municipal levels and even supramunicipal. To conclude, conclusions will be suggested and the possible limitations and extensions of the work will be discussed
Direction
DOLDAN GARCIA, XOAN RAMON (Tutorships)
DOLDAN GARCIA, XOAN RAMON (Tutorships)
Court
SANCHEZ CARREIRA, MARIA DEL CARMEN (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
PEREIRA SANCHEZ, MARIA ANGELES (Member)
SANCHEZ CARREIRA, MARIA DEL CARMEN (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
PEREIRA SANCHEZ, MARIA ANGELES (Member)
Economic-Financial Analysis of El Pozo Alimentación SA
Authorship
D.D.V.
Master in Accounting and Financial Management
D.D.V.
Master in Accounting and Financial Management
Defense date
07.18.2024 09:30
07.18.2024 09:30
Summary
The main objective of this work is to carry out an economic-financial analysis of the company El Pozo Alimentación S.A., through the review of its financial statements, and compare its situation with the company Industrias Cárnicas Loriente Piqueras S.A., the second company in the meat sector with higher turnover in 2022. The work is structured in the following parts: a short introduction about the history of the company and its main milestones, followed by an internal and external analysis, the preparation of a financial economic analysis and, finally, the conclusions, limitations and possible extensions of the work. The main conclusions include greater economic and financial profitability in ElPozo, which has been reduced in the last year due to the drop in sales margin, both gross and net. Furthermore, both companies are in a financial imbalance. Despite this, both are in good financial health and do not appear to have any risk of insolvency.
The main objective of this work is to carry out an economic-financial analysis of the company El Pozo Alimentación S.A., through the review of its financial statements, and compare its situation with the company Industrias Cárnicas Loriente Piqueras S.A., the second company in the meat sector with higher turnover in 2022. The work is structured in the following parts: a short introduction about the history of the company and its main milestones, followed by an internal and external analysis, the preparation of a financial economic analysis and, finally, the conclusions, limitations and possible extensions of the work. The main conclusions include greater economic and financial profitability in ElPozo, which has been reduced in the last year due to the drop in sales margin, both gross and net. Furthermore, both companies are in a financial imbalance. Despite this, both are in good financial health and do not appear to have any risk of insolvency.
Direction
GARRIDO RUSO, MARIA (Tutorships)
GARRIDO RUSO, MARIA (Tutorships)
Court
VIVEL BUA, MARIA MILAGROS (Chairman)
BLANCO VARELA, BRUNO (Secretary)
SUAREZ FERNANDEZ, OSCAR (Member)
VIVEL BUA, MARIA MILAGROS (Chairman)
BLANCO VARELA, BRUNO (Secretary)
SUAREZ FERNANDEZ, OSCAR (Member)
Financial literacy in Spain. A research of individual and regional factors
Authorship
M.C.C.
Master in Accounting and Financial Management
M.C.C.
Master in Accounting and Financial Management
Defense date
07.16.2024 09:30
07.16.2024 09:30
Summary
Given the importance of the degree of financial literacy in financial decisions and financial well-being, it is vital know the Spanish case. In this research, the relationships that individual and social factors have in the financial literacy indices (knowledge, behaviour and attitude) are investigated. To know the variables which are associated with financial knowledge, we use a multilevel model because the social factors of each region influence in financial knowledge. We conclude that the satisfaction with material conditions of life and satisfaction with work can describe financial knowledge. However, the financial behaviour and financial attitude only the individual factors have been studied because don´t exist differences among the Spanish regions. In general, age, gender, level education, employment situation, income and size of the community are useful to describe the financial literacy index. We show that the people who are middle age have a greater financial literacy than young and older people. Regarding gender differences, men have better financial knowledge and financial indices. Nevertheless, women have better financial attitudes than men.
Given the importance of the degree of financial literacy in financial decisions and financial well-being, it is vital know the Spanish case. In this research, the relationships that individual and social factors have in the financial literacy indices (knowledge, behaviour and attitude) are investigated. To know the variables which are associated with financial knowledge, we use a multilevel model because the social factors of each region influence in financial knowledge. We conclude that the satisfaction with material conditions of life and satisfaction with work can describe financial knowledge. However, the financial behaviour and financial attitude only the individual factors have been studied because don´t exist differences among the Spanish regions. In general, age, gender, level education, employment situation, income and size of the community are useful to describe the financial literacy index. We show that the people who are middle age have a greater financial literacy than young and older people. Regarding gender differences, men have better financial knowledge and financial indices. Nevertheless, women have better financial attitudes than men.
Direction
FERNANDEZ LOPEZ, SARA (Tutorships)
PORTELA MASEDA, MARTA (Co-tutorships)
FERNANDEZ LOPEZ, SARA (Tutorships)
PORTELA MASEDA, MARTA (Co-tutorships)
Court
CANTORNA AGRA, SARA (Chairman)
GARRIDO RUSO, MARIA (Secretary)
RODRIGUEZ SANDIAS, ALFONSO (Member)
CANTORNA AGRA, SARA (Chairman)
GARRIDO RUSO, MARIA (Secretary)
RODRIGUEZ SANDIAS, ALFONSO (Member)
Environmental tax: green taxes
Authorship
C.F.F.
Master in Accounting and Financial Management
C.F.F.
Master in Accounting and Financial Management
Defense date
07.16.2024 09:30
07.16.2024 09:30
Summary
Green taxes, also known as environmental taxes or ecological taxes, are fundamental environmental policy tools through which activities harmful to the environment, with the aim of encouraging less polluting behaviour. The growing importance of this tax figure begins with the increase of concern for the natural environment, and they are also a useful tool to get collection for the State. In this study, it has been carried out with the aim of knowing more widely these taxes and how they work, to understand the legislation related to these taxes in Spain and to study how their collection has evolved over the years. After all that has been observed, it is concluded that, although they have achieved some improvement in the situation, a reform of the Spanish environmental system is necessary, since in some respects it is below the European average, bearing in mind the polluter-pays principle.
Green taxes, also known as environmental taxes or ecological taxes, are fundamental environmental policy tools through which activities harmful to the environment, with the aim of encouraging less polluting behaviour. The growing importance of this tax figure begins with the increase of concern for the natural environment, and they are also a useful tool to get collection for the State. In this study, it has been carried out with the aim of knowing more widely these taxes and how they work, to understand the legislation related to these taxes in Spain and to study how their collection has evolved over the years. After all that has been observed, it is concluded that, although they have achieved some improvement in the situation, a reform of the Spanish environmental system is necessary, since in some respects it is below the European average, bearing in mind the polluter-pays principle.
Direction
SANTALICES ROMERO, FRANCISCO JAVIER (Tutorships)
SANTALICES ROMERO, FRANCISCO JAVIER (Tutorships)
Court
CANTORNA AGRA, SARA (Chairman)
GARRIDO RUSO, MARIA (Secretary)
RODRIGUEZ SANDIAS, ALFONSO (Member)
CANTORNA AGRA, SARA (Chairman)
GARRIDO RUSO, MARIA (Secretary)
RODRIGUEZ SANDIAS, ALFONSO (Member)
Plan comercial do Hotel Fora Terrae
Authorship
I.C.F.
Master in Urban Tourism and Management of Tourist Businesses
I.C.F.
Master in Urban Tourism and Management of Tourist Businesses
Defense date
09.12.2024 10:00
09.12.2024 10:00
Summary
El sector turístico es un ámbito económico complejo, caracterizado por una alta competitividad debido al gran número de hoteles y establecimientos turísticos existentes. En este contexto, el presente plan comercial de una empresa turística se enfoca en la diferenciación respecto a la competencia. Esta diferenciación se logra mediante la adopción de una nueva tendencia turística aún poco explotada: el turismo del sueño. El turismo del sueño se basa en la premisa de que el acto de dormir contribuye a la renovación física y mental. En esta modalidad turística, el destino principal es el hotel, y el objetivo primordial es facilitar el sueño. Esta tendencia ha surgido en respuesta a los problemas de insomnio, cada vez más frecuentes en la población mundial, exacerbados por el estrés y el impacto de la pandemia de COVID-19. La creciente conciencia sobre la importancia de un sueño de calidad para la salud general ha llevado a una mayor valoración del descanso adecuado. En consecuencia, este plan comercial propone la creación de un hotel situado en una zona tranquila, propicia el descanso y la relajación. Además de contar con un diseño de alta calidad, el establecimiento implementará todas las medidas posibles durante su estancia. El establecimiento se centra en los siguientessegmentos: turistas de más de cuarenta años que buscan un sueño reparador, peregrinos que realizaron el Camino de Santiago y parejas que buscas la relajación y desconexión.
El sector turístico es un ámbito económico complejo, caracterizado por una alta competitividad debido al gran número de hoteles y establecimientos turísticos existentes. En este contexto, el presente plan comercial de una empresa turística se enfoca en la diferenciación respecto a la competencia. Esta diferenciación se logra mediante la adopción de una nueva tendencia turística aún poco explotada: el turismo del sueño. El turismo del sueño se basa en la premisa de que el acto de dormir contribuye a la renovación física y mental. En esta modalidad turística, el destino principal es el hotel, y el objetivo primordial es facilitar el sueño. Esta tendencia ha surgido en respuesta a los problemas de insomnio, cada vez más frecuentes en la población mundial, exacerbados por el estrés y el impacto de la pandemia de COVID-19. La creciente conciencia sobre la importancia de un sueño de calidad para la salud general ha llevado a una mayor valoración del descanso adecuado. En consecuencia, este plan comercial propone la creación de un hotel situado en una zona tranquila, propicia el descanso y la relajación. Además de contar con un diseño de alta calidad, el establecimiento implementará todas las medidas posibles durante su estancia. El establecimiento se centra en los siguientessegmentos: turistas de más de cuarenta años que buscan un sueño reparador, peregrinos que realizaron el Camino de Santiago y parejas que buscas la relajación y desconexión.
Direction
GARCIA GARAZO, MARIA TERESA (Tutorships)
BENITO TORRES, JOSE LEANDRO (Co-tutorships)
GARCIA GARAZO, MARIA TERESA (Tutorships)
BENITO TORRES, JOSE LEANDRO (Co-tutorships)
Court
DEL RIO ARAUJO, MARIA LUISA (Chairman)
ALVAREZ GONZALEZ, PAULA (Secretary)
CURTO RODRIGUEZ, EDUARDO (Member)
DEL RIO ARAUJO, MARIA LUISA (Chairman)
ALVAREZ GONZALEZ, PAULA (Secretary)
CURTO RODRIGUEZ, EDUARDO (Member)
Professional competencies in personnel selection and university education.
Authorship
D.G.V.
Master in Business Administration [S]
D.G.V.
Master in Business Administration [S]
Defense date
09.12.2024 16:00
09.12.2024 16:00
Summary
This document examines the role of personnel selection within the Human Resources management context, with a special focus on the competency-based selection model. The complexity of the current work environment, characterized by globalization, technological progress and significant socioeconomic changes, demands an effective alignment of human talent with corporate strategic objectives. In this context, competency-based personnel selection is highlighted as a key methodology to improve organizational adaptability and innovation. This paper details a competency-based selection model, examining fundamental theories, history and evolutions of the selection process, and how competencies are assessed and managed for organizational performance. Through an empirical analysis based on a questionnaire given to university students from different disciplines, it is investigated how they assess themselves with respect to the competencies acquired in training and what significant differences exist in the different fields of study analyzed. The results underline the need for a more integrative approach to selection and training, adapted to the specific competencies required in today's workplace.
This document examines the role of personnel selection within the Human Resources management context, with a special focus on the competency-based selection model. The complexity of the current work environment, characterized by globalization, technological progress and significant socioeconomic changes, demands an effective alignment of human talent with corporate strategic objectives. In this context, competency-based personnel selection is highlighted as a key methodology to improve organizational adaptability and innovation. This paper details a competency-based selection model, examining fundamental theories, history and evolutions of the selection process, and how competencies are assessed and managed for organizational performance. Through an empirical analysis based on a questionnaire given to university students from different disciplines, it is investigated how they assess themselves with respect to the competencies acquired in training and what significant differences exist in the different fields of study analyzed. The results underline the need for a more integrative approach to selection and training, adapted to the specific competencies required in today's workplace.
Direction
García Chas, Romina (Tutorships)
García Chas, Romina (Tutorships)
Court
ALVAREZ PEREZ, MARIA DOLORES (Chairman)
PORTO PEDRIDO, JOSE RAMON (Secretary)
DEL RIO ARAUJO, MARIA LUISA (Member)
ALVAREZ PEREZ, MARIA DOLORES (Chairman)
PORTO PEDRIDO, JOSE RAMON (Secretary)
DEL RIO ARAUJO, MARIA LUISA (Member)
Marketing Plan: Solguro
Authorship
Y.F.
Master in Business Administration [S]
Y.F.
Master in Business Administration [S]
Defense date
07.15.2024 12:00
07.15.2024 12:00
Summary
According to the WHO, solar ultraviolet radiation causes more than 1.5 million cases of skin cancer each year worldwide. The thinning of stratospheric ozone, due to man-made chemicals, increases ultraviolet radiation. The WHO recommends protection from the sun when the UV index is equal to or higher than 3. In Spain, during the summer, the UV index can reach levels of 9-10, and in the rest of Europe, 5-7, exceeding the values considered dangerous by the WHO. This highlights the need for sun protection in these regions. Solguro is dedicated to selling hats specifically designed with UPF50+ and UPF30 sun protection, making it easier for European consumers to protect themselves from the sun. Solguro hats offer options for the top (empty, solid, padded or hollow) and brim (basic or vinyl coated), allowing for customisation according to season and weather conditions. In addition, the brim and drawstring are removable, offering flexibility to users. Consumers can purchase a basic model and add accessories according to their needs. This master's thesis presents a strategic marketing plan for Solguro, focused on capturing the sun protection market in Europe. The analysis of the micro and macro environment identified two target segments and developed specific strategies for them. The four key objectives are: Achieve sales of 2000 hats in the first year: Production through outsourced Asian factories and targeted promotion to specific segments; Increase visibility on social media, achieving over 5 million impressions across all platforms in 3 months : This refers to the cumulative number of impressions across all platforms exceeding 5 million. Increasing brand exposure on social media; Obtaining two key material certifications, UPF and OEKO-TEX STANDARD 100 certification: Product differentiation and selling point; Shortening the launch cycle of new children's hat designs: Capturing trends quickly and offering unique options. This work employed a variety of research and analysis methods in the process of identifying specific objectives. These methods help to better understand the micro- and macro-environment of the market, thus laying the foundation for our implementation plan. It mainly includes data collection methods, such as the questionnaire survey method, target segment analysis, and environmental and business analysis methods, such as PESTEL analysis, CANVAS analysis, SWOT analysis and SMART analysis. And to achieve these four specific objectives, a marketing strategy has been developed that includes segmentation, differentiation, positioning, product strategy, pricing, distribution and communication. In addition, a series of actions and their respective execution, budgeting and monitoring are outlined. The plan will be implemented from September 2024 to September 2025, with an investment of 28,700 euros in the first year, equivalent to 70% of the sales target, seeking to optimise costs. This strategic plan will allow Solguro to deploy in the European market and reach its sales and visibility targets, taking advantage of the opportunities in the sun protection market.
According to the WHO, solar ultraviolet radiation causes more than 1.5 million cases of skin cancer each year worldwide. The thinning of stratospheric ozone, due to man-made chemicals, increases ultraviolet radiation. The WHO recommends protection from the sun when the UV index is equal to or higher than 3. In Spain, during the summer, the UV index can reach levels of 9-10, and in the rest of Europe, 5-7, exceeding the values considered dangerous by the WHO. This highlights the need for sun protection in these regions. Solguro is dedicated to selling hats specifically designed with UPF50+ and UPF30 sun protection, making it easier for European consumers to protect themselves from the sun. Solguro hats offer options for the top (empty, solid, padded or hollow) and brim (basic or vinyl coated), allowing for customisation according to season and weather conditions. In addition, the brim and drawstring are removable, offering flexibility to users. Consumers can purchase a basic model and add accessories according to their needs. This master's thesis presents a strategic marketing plan for Solguro, focused on capturing the sun protection market in Europe. The analysis of the micro and macro environment identified two target segments and developed specific strategies for them. The four key objectives are: Achieve sales of 2000 hats in the first year: Production through outsourced Asian factories and targeted promotion to specific segments; Increase visibility on social media, achieving over 5 million impressions across all platforms in 3 months : This refers to the cumulative number of impressions across all platforms exceeding 5 million. Increasing brand exposure on social media; Obtaining two key material certifications, UPF and OEKO-TEX STANDARD 100 certification: Product differentiation and selling point; Shortening the launch cycle of new children's hat designs: Capturing trends quickly and offering unique options. This work employed a variety of research and analysis methods in the process of identifying specific objectives. These methods help to better understand the micro- and macro-environment of the market, thus laying the foundation for our implementation plan. It mainly includes data collection methods, such as the questionnaire survey method, target segment analysis, and environmental and business analysis methods, such as PESTEL analysis, CANVAS analysis, SWOT analysis and SMART analysis. And to achieve these four specific objectives, a marketing strategy has been developed that includes segmentation, differentiation, positioning, product strategy, pricing, distribution and communication. In addition, a series of actions and their respective execution, budgeting and monitoring are outlined. The plan will be implemented from September 2024 to September 2025, with an investment of 28,700 euros in the first year, equivalent to 70% of the sales target, seeking to optimise costs. This strategic plan will allow Solguro to deploy in the European market and reach its sales and visibility targets, taking advantage of the opportunities in the sun protection market.
Direction
PORTO PEDRIDO, JOSE RAMON (Tutorships)
PORTO PEDRIDO, JOSE RAMON (Tutorships)
Court
VIVEL BUA, MARIA MILAGROS (Chairman)
VAZQUEZ SANMARTIN, ANTONIO (Secretary)
BASTIDA DOMINGUEZ, MARIA (Member)
VIVEL BUA, MARIA MILAGROS (Chairman)
VAZQUEZ SANMARTIN, ANTONIO (Secretary)
BASTIDA DOMINGUEZ, MARIA (Member)
Effects of diversity on business failure in Europe.
Authorship
E.F.V.
Master in Business Administration [S]
E.F.V.
Master in Business Administration [S]
Defense date
07.15.2024 11:00
07.15.2024 11:00
Summary
Diversity refers to the inclusion and variety of characteristics that people possess, such as race, gender, ethnicity, age, physical and mental capacity, and sexual orientation, among others. In recent years, its management has become increasingly important in the business sphere, especially for global companies, as it is recognized not only as an ethical and social value, but also as a key factor that can affect business success. In this context, the main objective of this study is to assess the impact of diversity on business survival using a sample of European companies. Achieving this objective also aims to achieve a series of secondary objectives, which are identified with: (a) disseminating possible practices that increase diversity in the business sphere; (b) identifying areas in companies where there may be room for improvement; and (c) guiding possible solutions from the public sphere. To achieve the proposed objectives, a sample of companies in the Eurozone between the years 2019 and 2023 is evaluated, with information obtained from the Refinitiv Eikon database and using an econometric model as a technique. The review of the academic literature indicates that most studies focus on gender and cultural diversity. It is therefore, along with the limitation in the availability of information in the database used, that in this study the focus is on these two dimensions (gender and cultural diversity). As for their results found in the previous literature, most agree that companies with some type of diversity and inclusive practices achieve better financial results. However, some studies suggest that the effect of diversity may be negative, while others indicate that it is zero. Given this disparity and lack of unanimity, it is necessary to transfer this analysis to a specific dimension, such as business survival, and to focus the study on companies with a certain homogeneity, such as that presented by a study focused exclusively on companies in the Eurozone. The results obtained in our analysis do not support the broader branch of previous literature indicating that diversity does not have positive effects on business survival, but on the contrary. While diversity policies, gender diversity and inclusion indicators lead to an increased risk of default, our analysis showed that the presence of women on the board was indeed related to a reduction in the risk of default. This result demonstrates the importance of considering the different components of diversity rather than treating it as a whole, as well as the importance of understanding its combined impact on a multitude of variables and not just one. Also, through the measures used, possible actions to be carried out, and possible future lines of research are identified.
Diversity refers to the inclusion and variety of characteristics that people possess, such as race, gender, ethnicity, age, physical and mental capacity, and sexual orientation, among others. In recent years, its management has become increasingly important in the business sphere, especially for global companies, as it is recognized not only as an ethical and social value, but also as a key factor that can affect business success. In this context, the main objective of this study is to assess the impact of diversity on business survival using a sample of European companies. Achieving this objective also aims to achieve a series of secondary objectives, which are identified with: (a) disseminating possible practices that increase diversity in the business sphere; (b) identifying areas in companies where there may be room for improvement; and (c) guiding possible solutions from the public sphere. To achieve the proposed objectives, a sample of companies in the Eurozone between the years 2019 and 2023 is evaluated, with information obtained from the Refinitiv Eikon database and using an econometric model as a technique. The review of the academic literature indicates that most studies focus on gender and cultural diversity. It is therefore, along with the limitation in the availability of information in the database used, that in this study the focus is on these two dimensions (gender and cultural diversity). As for their results found in the previous literature, most agree that companies with some type of diversity and inclusive practices achieve better financial results. However, some studies suggest that the effect of diversity may be negative, while others indicate that it is zero. Given this disparity and lack of unanimity, it is necessary to transfer this analysis to a specific dimension, such as business survival, and to focus the study on companies with a certain homogeneity, such as that presented by a study focused exclusively on companies in the Eurozone. The results obtained in our analysis do not support the broader branch of previous literature indicating that diversity does not have positive effects on business survival, but on the contrary. While diversity policies, gender diversity and inclusion indicators lead to an increased risk of default, our analysis showed that the presence of women on the board was indeed related to a reduction in the risk of default. This result demonstrates the importance of considering the different components of diversity rather than treating it as a whole, as well as the importance of understanding its combined impact on a multitude of variables and not just one. Also, through the measures used, possible actions to be carried out, and possible future lines of research are identified.
Direction
LADO SESTAYO, RUBEN (Tutorships)
LADO SESTAYO, RUBEN (Tutorships)
Court
VIVEL BUA, MARIA MILAGROS (Chairman)
VAZQUEZ SANMARTIN, ANTONIO (Secretary)
BASTIDA DOMINGUEZ, MARIA (Member)
VIVEL BUA, MARIA MILAGROS (Chairman)
VAZQUEZ SANMARTIN, ANTONIO (Secretary)
BASTIDA DOMINGUEZ, MARIA (Member)
Master Thesis Research Orientation
Authorship
I.M.N.F.
Master in Economic Development and Innovation
I.M.N.F.
Master in Economic Development and Innovation
Defense date
07.18.2024 10:00
07.18.2024 10:00
Summary
Offshore wind power is attracting growing interest due to its potential as a technology that will enable progress towards climate decarbonization goals and increase the energy sovereignty of territories. The first wind farm installed offshore, the Danish Vindeby, came into operation in 1997 and since then the installed power has been growing gradually with a high degree of geographical concentration in Western Europe. Spain was left out of this development due to the bathymetric characteristics of its coast, which prevented these turbines (viable only at depths of up to 60 meters) from being installed on the coast. In 2017, after years of technological development, the first floating offshore wind farm, Hywind Scotland, was installed in Scotland. The appearance of this technology allowed access to the use of wind energy in the sea at greater depths, thus opening the door to the installation of this type of wind farms on the coast of the Spanish State. In view of this, the Ministry for Ecological Transition and the Demographic Challenge published the Roadmap for the development of offshore wind and marine energy in Spain, with a fourfold objective: 1) to establish itself as a European reference pole for technological development and environmental R+D+I associated with renewable energies in the marine environment, 2) to be an international reference in industrial capacities and in the sector's value chain as a whole, 3) to promote the development of marine renewable energies that are compatible and sustainable from an environmental and social point of view, and 4) to establish an appropriate state framework for the orderly deployment of marine renewable energies. Within this framework, Galicia is positioned as a candidate for the deployment of offshore wind farms on its coastline due to its wind resource. Although the Galician territory already has previous experience in the use of wind for electricity production, this type of wind power has certain differences with its terrestrial counterpart, among which the conflict of uses with fishing activity stands out. This is particularly relevant given the role played by the fishing production complex as a key sector of the Galician economy. The Roadmap for the development of offshore wind and sea energy in Spain recognizes the concern of the fishing sector regarding these technologies but presents references of compatibility of uses between both sectors in other territories with previous experience in the installation of offshore wind farms. However, none of the references shown correspond to floating offshore wind farms. Given the differences in the submerged structures of floating and grounded turbines, it is worth analysing both typologies separately. The main objective of this work will be to analyse how the floating offshore wind farms already in operation are being developed, paying special attention to the technical characteristics and the management of conflicts of use with fisheries.
Offshore wind power is attracting growing interest due to its potential as a technology that will enable progress towards climate decarbonization goals and increase the energy sovereignty of territories. The first wind farm installed offshore, the Danish Vindeby, came into operation in 1997 and since then the installed power has been growing gradually with a high degree of geographical concentration in Western Europe. Spain was left out of this development due to the bathymetric characteristics of its coast, which prevented these turbines (viable only at depths of up to 60 meters) from being installed on the coast. In 2017, after years of technological development, the first floating offshore wind farm, Hywind Scotland, was installed in Scotland. The appearance of this technology allowed access to the use of wind energy in the sea at greater depths, thus opening the door to the installation of this type of wind farms on the coast of the Spanish State. In view of this, the Ministry for Ecological Transition and the Demographic Challenge published the Roadmap for the development of offshore wind and marine energy in Spain, with a fourfold objective: 1) to establish itself as a European reference pole for technological development and environmental R+D+I associated with renewable energies in the marine environment, 2) to be an international reference in industrial capacities and in the sector's value chain as a whole, 3) to promote the development of marine renewable energies that are compatible and sustainable from an environmental and social point of view, and 4) to establish an appropriate state framework for the orderly deployment of marine renewable energies. Within this framework, Galicia is positioned as a candidate for the deployment of offshore wind farms on its coastline due to its wind resource. Although the Galician territory already has previous experience in the use of wind for electricity production, this type of wind power has certain differences with its terrestrial counterpart, among which the conflict of uses with fishing activity stands out. This is particularly relevant given the role played by the fishing production complex as a key sector of the Galician economy. The Roadmap for the development of offshore wind and sea energy in Spain recognizes the concern of the fishing sector regarding these technologies but presents references of compatibility of uses between both sectors in other territories with previous experience in the installation of offshore wind farms. However, none of the references shown correspond to floating offshore wind farms. Given the differences in the submerged structures of floating and grounded turbines, it is worth analysing both typologies separately. The main objective of this work will be to analyse how the floating offshore wind farms already in operation are being developed, paying special attention to the technical characteristics and the management of conflicts of use with fisheries.
Direction
REGUEIRO FERREIRA, ROSA MARIA (Tutorships)
REGUEIRO FERREIRA, ROSA MARIA (Tutorships)
Court
SANCHEZ CARREIRA, MARIA DEL CARMEN (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
PEREIRA SANCHEZ, MARIA ANGELES (Member)
SANCHEZ CARREIRA, MARIA DEL CARMEN (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
PEREIRA SANCHEZ, MARIA ANGELES (Member)
Master Thesis Professional Orientation
Authorship
R.M.R.
Master in Economic Development and Innovation
R.M.R.
Master in Economic Development and Innovation
Defense date
07.18.2024 10:00
07.18.2024 10:00
Summary
This master's thesis (TFM) focuses on planned obsolescence, its impact, and the corresponding regulation, with a particular emphasis on the electronic sector. Planned obsolescence refers to the practice of manufacturing products with intentionally short lifespans to encourage frequent replacement. This phenomenon aims to increase short-term sales and profitability but generates serious long-term environmental, social, and economic consequences. The main objective of this work is to thoroughly analyze the economic, social, and environmental implications of planned obsolescence and propose sustainable alternatives within the context of the circular economy.
This master's thesis (TFM) focuses on planned obsolescence, its impact, and the corresponding regulation, with a particular emphasis on the electronic sector. Planned obsolescence refers to the practice of manufacturing products with intentionally short lifespans to encourage frequent replacement. This phenomenon aims to increase short-term sales and profitability but generates serious long-term environmental, social, and economic consequences. The main objective of this work is to thoroughly analyze the economic, social, and environmental implications of planned obsolescence and propose sustainable alternatives within the context of the circular economy.
Direction
Nogueira López, María da Alba (Tutorships)
Nogueira López, María da Alba (Tutorships)
Court
SANCHEZ CARREIRA, MARIA DEL CARMEN (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
PEREIRA SANCHEZ, MARIA ANGELES (Member)
SANCHEZ CARREIRA, MARIA DEL CARMEN (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
PEREIRA SANCHEZ, MARIA ANGELES (Member)
Bank interdependence and sovereign risk transmission: Evidence from the United States, Europe, and the United Kingdom
Authorship
C.J.C.
Master in Economics
C.J.C.
Master in Economics
Defense date
07.18.2024 09:00
07.18.2024 09:00
Summary
The objective of this master’s final project is to analize the interdependence among the european, north american and english banking over the period 2019-2024 from a financial risk transmission prospect and the analysis of sovereing risk transmission towards it’s own bank system. In order to achive this goal, two methodological approaches have been used, the first one relies on the estimation of VAR-BEKK-X and VAR-DCC-X both with leverage effect and t-Student distribution, while the second one is the well-known connectedness approach proposed by Diebold and Yilmaz. The results shed light to the fact that the european and english banking are highly dependent as shown by their high correlation, whilst the north american banking and both of the former kept a lower and more variable correlation, in addition, spillover effects have been found among the three bank systems, although it has not been possible to determine their direction. Also these effects show up from sovereings to it’s own banking although these are weaker.
The objective of this master’s final project is to analize the interdependence among the european, north american and english banking over the period 2019-2024 from a financial risk transmission prospect and the analysis of sovereing risk transmission towards it’s own bank system. In order to achive this goal, two methodological approaches have been used, the first one relies on the estimation of VAR-BEKK-X and VAR-DCC-X both with leverage effect and t-Student distribution, while the second one is the well-known connectedness approach proposed by Diebold and Yilmaz. The results shed light to the fact that the european and english banking are highly dependent as shown by their high correlation, whilst the north american banking and both of the former kept a lower and more variable correlation, in addition, spillover effects have been found among the three bank systems, although it has not been possible to determine their direction. Also these effects show up from sovereings to it’s own banking although these are weaker.
Direction
IGLESIAS CASAL, ANA (Tutorships)
LOPEZ ANDION, Mª DEL CARMEN (Co-tutorships)
IGLESIAS CASAL, ANA (Tutorships)
LOPEZ ANDION, Mª DEL CARMEN (Co-tutorships)
Court
LOUREIRO GARCIA, MARIA LUZ (Chairman)
ANTELO SUAREZ, MANEL (Secretary)
PEREIRA LOPEZ, XESUS (Member)
LOUREIRO GARCIA, MARIA LUZ (Chairman)
ANTELO SUAREZ, MANEL (Secretary)
PEREIRA LOPEZ, XESUS (Member)
Application of machine learning models to credit risk assessment
Authorship
M.G.J.
Master in Accounting and Financial Management
M.G.J.
Master in Accounting and Financial Management
Defense date
09.12.2024 10:00
09.12.2024 10:00
Summary
This master's thesis focuses on analysing and predicting default risk in P2P loans using advanced machine learning models. The main objective is to design and optimise Random Forest models to improve the accuracy and reliability of default risk estimation in loans with significant imbalance. The paper is structured in several sections. First, the relevance of P2P lending and the challenges in credit risk assessment are contextualised, and the importance of advanced methods, such as Random Forest, versus traditional techniques, such as logistic regression, is highlighted. The literature review includes fundamental studies such as Altman's Z-Score model and Carmichael's dynamic logistic regression, which provide a solid basis for understanding the methodologies and variables that influence default risk. In the methodology, the steps followed are described, including data selection and pre-processing, class balancing and cross-validation. A stratified sampling approach and balancing techniques are used to address class imbalance. In addition, supervised, unsupervised, semi-supervised and reinforcement learning methods are highlighted, emphasising the flexibility and effectiveness of Random Forest. The empirical analysis is performed using Lending Club data, and logistic regression and Random Forest models are applied. The results indicate that the Random Forest model outperforms logistic regression in terms of accuracy and predictive ability. In addition, class balancing improves the predictive ability of all models, reducing the bias towards the majority class. Finally, the paper concludes that Random Forest is an effective tool for predicting default risk in P2P lending. The implementation of advanced preprocessing and class balancing techniques has been crucial to improve the accuracy of the models. This study provides practical tools to improve risk management in P2P lending platforms, which benefits both borrowers and investors. The application of advanced models and the integration of artificial intelligence techniques can revolutionise credit risk assessment by providing a robust and accurate framework for financial decision-making.
This master's thesis focuses on analysing and predicting default risk in P2P loans using advanced machine learning models. The main objective is to design and optimise Random Forest models to improve the accuracy and reliability of default risk estimation in loans with significant imbalance. The paper is structured in several sections. First, the relevance of P2P lending and the challenges in credit risk assessment are contextualised, and the importance of advanced methods, such as Random Forest, versus traditional techniques, such as logistic regression, is highlighted. The literature review includes fundamental studies such as Altman's Z-Score model and Carmichael's dynamic logistic regression, which provide a solid basis for understanding the methodologies and variables that influence default risk. In the methodology, the steps followed are described, including data selection and pre-processing, class balancing and cross-validation. A stratified sampling approach and balancing techniques are used to address class imbalance. In addition, supervised, unsupervised, semi-supervised and reinforcement learning methods are highlighted, emphasising the flexibility and effectiveness of Random Forest. The empirical analysis is performed using Lending Club data, and logistic regression and Random Forest models are applied. The results indicate that the Random Forest model outperforms logistic regression in terms of accuracy and predictive ability. In addition, class balancing improves the predictive ability of all models, reducing the bias towards the majority class. Finally, the paper concludes that Random Forest is an effective tool for predicting default risk in P2P lending. The implementation of advanced preprocessing and class balancing techniques has been crucial to improve the accuracy of the models. This study provides practical tools to improve risk management in P2P lending platforms, which benefits both borrowers and investors. The application of advanced models and the integration of artificial intelligence techniques can revolutionise credit risk assessment by providing a robust and accurate framework for financial decision-making.
Direction
Otero González, Luis Alberto (Tutorships)
Otero González, Luis Alberto (Tutorships)
Court
CANTORNA AGRA, SARA (Chairman)
VIVEL BUA, MARIA MILAGROS (Secretary)
RODRIGUEZ SANDIAS, ALFONSO (Member)
CANTORNA AGRA, SARA (Chairman)
VIVEL BUA, MARIA MILAGROS (Secretary)
RODRIGUEZ SANDIAS, ALFONSO (Member)
The Maritime Transport of Hazardous Waste: An Analysis from the Circular Economy
Authorship
E.F.V.
Master in Economic Development and Innovation
E.F.V.
Master in Economic Development and Innovation
Defense date
09.16.2024 09:30
09.16.2024 09:30
Summary
This Master's Thesis focuses on the analysis of transboundary movements of hazardous waste and the need to integrate this process within the framework of the Circular Economy (CE) to address the ecological and social challenges it presents. Maritime transport, a key part of global trade, plays a fundamental role in the movement of this waste, including industrial, electronic, and chemical waste, which pose risks to both the environment and human health. The negative consequences of poor waste management are highlighted, especially when the waste is transported to developing countries that lack the necessary infrastructure for proper treatment. The motivation behind these movements lies in the differences in disposal costs and lax environmental regulations in some receiving regions. The thesis examines the international regulatory framework governing this type of transport, emphasizing the importance of agreements such as the Basel Convention and the IMDG Code, which aim to ensure the safe management and transport of hazardous waste. Despite the existence of these regulations, their implementation is complex, particularly in countries with limited resources. One of the main approaches to addressing this issue is the Circular Economy, which offers viable solutions for managing this waste more sustainably by promoting more efficient resource use and reducing waste generation. Proposed solutions include redesigning products to be more durable, preventing and optimizing waste management, transforming global cycles into local ones, among others.
This Master's Thesis focuses on the analysis of transboundary movements of hazardous waste and the need to integrate this process within the framework of the Circular Economy (CE) to address the ecological and social challenges it presents. Maritime transport, a key part of global trade, plays a fundamental role in the movement of this waste, including industrial, electronic, and chemical waste, which pose risks to both the environment and human health. The negative consequences of poor waste management are highlighted, especially when the waste is transported to developing countries that lack the necessary infrastructure for proper treatment. The motivation behind these movements lies in the differences in disposal costs and lax environmental regulations in some receiving regions. The thesis examines the international regulatory framework governing this type of transport, emphasizing the importance of agreements such as the Basel Convention and the IMDG Code, which aim to ensure the safe management and transport of hazardous waste. Despite the existence of these regulations, their implementation is complex, particularly in countries with limited resources. One of the main approaches to addressing this issue is the Circular Economy, which offers viable solutions for managing this waste more sustainably by promoting more efficient resource use and reducing waste generation. Proposed solutions include redesigning products to be more durable, preventing and optimizing waste management, transforming global cycles into local ones, among others.
Direction
VENCE DEZA, XAVIER (Tutorships)
VENCE DEZA, XAVIER (Tutorships)
Court
FERNANDEZ LOPEZ, SARA (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
TURNES ABELENDA, JUAN ALBERTO (Member)
FERNANDEZ LOPEZ, SARA (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
TURNES ABELENDA, JUAN ALBERTO (Member)
Responsibility, fairness and equality with heterogeneous productivities.
Authorship
M.I.R.
Master in Economics
M.I.R.
Master in Economics
Defense date
02.05.2024 10:00
02.05.2024 10:00
Summary
The goal of this paper is to complete the social ordering function proposed by Fleurbaey and Maniquet (2011a). More specifically, in defining the equivalent utility function throughout the domain. Two viable solutions are discussed. Therefore, we compare the ethical, normative and axiomatic principles that must be adopted if one solution or another is implemented.
The goal of this paper is to complete the social ordering function proposed by Fleurbaey and Maniquet (2011a). More specifically, in defining the equivalent utility function throughout the domain. Two viable solutions are discussed. Therefore, we compare the ethical, normative and axiomatic principles that must be adopted if one solution or another is implemented.
Direction
Calo Blanco, Aitor (Tutorships)
Calo Blanco, Aitor (Tutorships)
Court
RODRIGUEZ GONZALEZ, XOSE ANTON (Chairman)
FERNANDEZ GRELA, MANUEL (Secretary)
Díaz Vázquez, María del Pilar (Member)
RODRIGUEZ GONZALEZ, XOSE ANTON (Chairman)
FERNANDEZ GRELA, MANUEL (Secretary)
Díaz Vázquez, María del Pilar (Member)
Monedas digitales de los bancos centrales: estudio comparado
Authorship
M.M.M.
Master in Economics
M.M.M.
Master in Economics
Defense date
07.18.2024 09:00
07.18.2024 09:00
Summary
The objective of this paper is to study the motivations, development and impact of the issuance of Central Bank Digital Currency (CBDC), analyzing the implications of alternative designs and comparing the projects of different central banks. This study explores the phenomenon of CBDC through a clear and detailed structure. The introduction provides context, definition, and relevance of CBDC in the global economic scenario. It is further contextualized through a theoretical review, defining essential concepts, and clarifying the distinction between different types of money. The problem statement, central to this research, exposes the challenges and opportunities presented by the adoption of CBDC as an official currency by central banks. The analysis focuses on the effects of both retail and wholesale CBDCs in key areas such as monetary policy, financial inclusion, and financial stability. Case studies of the Euro digital, E krona, and e CNY are presented, comparing their designs and characteristics. The study confirms the hypothesis that the adoption of CBDCs can enhance the effectiveness of the financial system by providing more effective tools for managing the money supply and controlling inflation. However, significant challenges are also identified, including risks related to privacy, security, and international coordination. In conclusion, CBDCs represent a transformative opportunity for the global financial system, offering improvements in efficiency, financial inclusion, and economic stability, provided that the associated risks and challenges are adequately addressed.
The objective of this paper is to study the motivations, development and impact of the issuance of Central Bank Digital Currency (CBDC), analyzing the implications of alternative designs and comparing the projects of different central banks. This study explores the phenomenon of CBDC through a clear and detailed structure. The introduction provides context, definition, and relevance of CBDC in the global economic scenario. It is further contextualized through a theoretical review, defining essential concepts, and clarifying the distinction between different types of money. The problem statement, central to this research, exposes the challenges and opportunities presented by the adoption of CBDC as an official currency by central banks. The analysis focuses on the effects of both retail and wholesale CBDCs in key areas such as monetary policy, financial inclusion, and financial stability. Case studies of the Euro digital, E krona, and e CNY are presented, comparing their designs and characteristics. The study confirms the hypothesis that the adoption of CBDCs can enhance the effectiveness of the financial system by providing more effective tools for managing the money supply and controlling inflation. However, significant challenges are also identified, including risks related to privacy, security, and international coordination. In conclusion, CBDCs represent a transformative opportunity for the global financial system, offering improvements in efficiency, financial inclusion, and economic stability, provided that the associated risks and challenges are adequately addressed.
Direction
DIAZ VAZQUEZ, MARIA DEL ROSARIO (Tutorships)
DIAZ VAZQUEZ, MARIA DEL ROSARIO (Tutorships)
Court
LOUREIRO GARCIA, MARIA LUZ (Chairman)
ANTELO SUAREZ, MANEL (Secretary)
PEREIRA LOPEZ, XESUS (Member)
LOUREIRO GARCIA, MARIA LUZ (Chairman)
ANTELO SUAREZ, MANEL (Secretary)
PEREIRA LOPEZ, XESUS (Member)
Monedas digitales de los bancos centrales: estudio comparado
Authorship
M.M.M.
Master in Economics
M.M.M.
Master in Economics
Defense date
09.16.2024 11:30
09.16.2024 11:30
Summary
The objective of this paper is to study the motivations, development and impact of the issuance of Central Bank Digital Currency (CBDC), analyzing the implications of alternative designs and comparing the projects of different central banks. This study explores the phenomenon of CBDC through a clear and detailed structure. The introduction provides context, definition, and relevance of CBDC in the global economic scenario. It is further contextualized through a theoretical review, defining essential concepts, and clarifying the distinction between different types of money. The problem statement, central to this research, exposes the challenges and opportunities presented by the adoption of CBDC as an official currency by central banks. The analysis focuses on the effects of both retail and wholesale CBDCs in key areas such as monetary policy, financial inclusion, and financial stability. Case studies of the Euro digital, E krona, and e CNY are presented, comparing their designs and characteristics. The study confirms the hypothesis that the adoption of CBDCs can enhance the effectiveness of the financial system by providing more effective tools for managing the money supply and controlling inflation. However, significant challenges are also identified, including risks related to privacy, security, and international coordination. In conclusion, CBDCs represent a transformative opportunity for the global financial system, offering improvements in efficiency, financial inclusion, and economic stability, provided that the associated risks and challenges are adequately addressed.
The objective of this paper is to study the motivations, development and impact of the issuance of Central Bank Digital Currency (CBDC), analyzing the implications of alternative designs and comparing the projects of different central banks. This study explores the phenomenon of CBDC through a clear and detailed structure. The introduction provides context, definition, and relevance of CBDC in the global economic scenario. It is further contextualized through a theoretical review, defining essential concepts, and clarifying the distinction between different types of money. The problem statement, central to this research, exposes the challenges and opportunities presented by the adoption of CBDC as an official currency by central banks. The analysis focuses on the effects of both retail and wholesale CBDCs in key areas such as monetary policy, financial inclusion, and financial stability. Case studies of the Euro digital, E krona, and e CNY are presented, comparing their designs and characteristics. The study confirms the hypothesis that the adoption of CBDCs can enhance the effectiveness of the financial system by providing more effective tools for managing the money supply and controlling inflation. However, significant challenges are also identified, including risks related to privacy, security, and international coordination. In conclusion, CBDCs represent a transformative opportunity for the global financial system, offering improvements in efficiency, financial inclusion, and economic stability, provided that the associated risks and challenges are adequately addressed.
Direction
DIAZ VAZQUEZ, MARIA DEL ROSARIO (Tutorships)
DIAZ VAZQUEZ, MARIA DEL ROSARIO (Tutorships)
Court
CHAS AMIL, MARIA LUISA (Chairman)
Perez-Nievas Montiel, Miguel (Secretary)
LORES INSUA, FRANCISCO XAVIER (Member)
CHAS AMIL, MARIA LUISA (Chairman)
Perez-Nievas Montiel, Miguel (Secretary)
LORES INSUA, FRANCISCO XAVIER (Member)
Business plan: miga e mel
Authorship
E.R.M.
Master in Business Administration [S]
E.R.M.
Master in Business Administration [S]
Defense date
07.16.2024 12:00
07.16.2024 12:00
Summary
The master's thesis presented deals with a business plan for the creation or opening of a cafeteria specialized in breakfast and snacks located in the town of Santa Comba. The name selected for the premises so that it is recognized by the public is “Miga e mel”. This name comes from the fact that it combines two typical elements of breakfasts and snacks, bread and honey, while also sounding warm and sweet. The establishment would be decorated with a cozy and pleasant atmosphere that invites the user to have a coffee, with opening hours from 9:00 in the morning to 8:00 p.m. The menu that Miga e Mel will offer will be an assorted menu of drinks and sweet and savory foods, serving everything from various toasts to different types of specialty coffees, smoothies or homemade cakes that would vary depending on the day at affordable prices, for an audience of middle class. Likewise, starting in the second year of opening, Miga e mel would offer home delivery service and in the third year, catering service at events. The main strong point of this project is the flexible hours it offers in contrast to the nearby competition, which has earlier closing times. Miga e mel would be the only establishment in the region with a closing time of 8:00 p.m. that offers a varied menu for both breakfast and snacks. Consequently, it would be positioned as an ideal meeting place to escape the hustle and bustle of everyday life, being a serene and quiet place that invites you to spend time with loved ones and friends, that is, where the client finds a relaxed and comfortable atmosphere. To develop this business plan, a Business Plan will be prepared where the technical, economic and financial feasibility will be studied. Likewise, the steps to turn this project into a reality in the sector will be discussed.
The master's thesis presented deals with a business plan for the creation or opening of a cafeteria specialized in breakfast and snacks located in the town of Santa Comba. The name selected for the premises so that it is recognized by the public is “Miga e mel”. This name comes from the fact that it combines two typical elements of breakfasts and snacks, bread and honey, while also sounding warm and sweet. The establishment would be decorated with a cozy and pleasant atmosphere that invites the user to have a coffee, with opening hours from 9:00 in the morning to 8:00 p.m. The menu that Miga e Mel will offer will be an assorted menu of drinks and sweet and savory foods, serving everything from various toasts to different types of specialty coffees, smoothies or homemade cakes that would vary depending on the day at affordable prices, for an audience of middle class. Likewise, starting in the second year of opening, Miga e mel would offer home delivery service and in the third year, catering service at events. The main strong point of this project is the flexible hours it offers in contrast to the nearby competition, which has earlier closing times. Miga e mel would be the only establishment in the region with a closing time of 8:00 p.m. that offers a varied menu for both breakfast and snacks. Consequently, it would be positioned as an ideal meeting place to escape the hustle and bustle of everyday life, being a serene and quiet place that invites you to spend time with loved ones and friends, that is, where the client finds a relaxed and comfortable atmosphere. To develop this business plan, a Business Plan will be prepared where the technical, economic and financial feasibility will be studied. Likewise, the steps to turn this project into a reality in the sector will be discussed.
Direction
PICON GARCIA, MANUEL FERNANDO (Tutorships)
PICON GARCIA, MANUEL FERNANDO (Tutorships)
Court
BASTIDA DOMINGUEZ, MARIA (Chairman)
DURAN SANTOMIL, PABLO (Secretary)
DEL RIO ARAUJO, MARIA LUISA (Member)
BASTIDA DOMINGUEZ, MARIA (Chairman)
DURAN SANTOMIL, PABLO (Secretary)
DEL RIO ARAUJO, MARIA LUISA (Member)
An analysis of digital innovation hubs as a European innovation policy instrument.
Authorship
J.I.L.F.
Master in Economic Development and Innovation
J.I.L.F.
Master in Economic Development and Innovation
Defense date
07.18.2024 16:00
07.18.2024 16:00
Summary
New formulas and policy approaches used by the European Union to boost the use of digital technologies in SMEs are analysed. Digital innovation hubs are support centres for digital infrastructures and technical advice close to SMEs. The European Commission has supported the creation of a network of digital innovation hubs through a public funding programme. This network has been set up at regional level so that all SMEs have close access to the services they provide. It is a policy instrument that starts from a specific problem, consists of objectives and actions to address it, and has been endowed with a budget line. Hubs have proved to be a positive element in driving the digitisation of SMEs and are having an appreciable impact on the demand for and integration of these technologies by SMEs. The consultation of a number of Spanish hubs has confirmed this impression. However, it raises some elements that need to be addressed to improve the operationality of the programme: There is a lack of coordination between the European Commission and the Spanish government in the management of aid to this network. The co-financing to be provided by the Spanish government is being delayed - or questioned - to the point of compromising the quality of the services provided by the hubs. The consultation with the people who manage the hubs in Spain is also taking advantage of positive aspects, which should be valued and, if possible, strengthened.
New formulas and policy approaches used by the European Union to boost the use of digital technologies in SMEs are analysed. Digital innovation hubs are support centres for digital infrastructures and technical advice close to SMEs. The European Commission has supported the creation of a network of digital innovation hubs through a public funding programme. This network has been set up at regional level so that all SMEs have close access to the services they provide. It is a policy instrument that starts from a specific problem, consists of objectives and actions to address it, and has been endowed with a budget line. Hubs have proved to be a positive element in driving the digitisation of SMEs and are having an appreciable impact on the demand for and integration of these technologies by SMEs. The consultation of a number of Spanish hubs has confirmed this impression. However, it raises some elements that need to be addressed to improve the operationality of the programme: There is a lack of coordination between the European Commission and the Spanish government in the management of aid to this network. The co-financing to be provided by the Spanish government is being delayed - or questioned - to the point of compromising the quality of the services provided by the hubs. The consultation with the people who manage the hubs in Spain is also taking advantage of positive aspects, which should be valued and, if possible, strengthened.
Direction
SANCHEZ CARREIRA, MARIA DEL CARMEN (Tutorships)
SANCHEZ CARREIRA, MARIA DEL CARMEN (Tutorships)
Court
RODIL MARZABAL, OSCAR (Chairman)
LOPEZ CARBALLEIRA, ANALIA (Secretary)
TOUCEDA TABOADA, LEONCIO (Member)
RODIL MARZABAL, OSCAR (Chairman)
LOPEZ CARBALLEIRA, ANALIA (Secretary)
TOUCEDA TABOADA, LEONCIO (Member)
Decarbonisation in Galicia: Is Galicia as low-carbon as it seems? Is its energy model sustainable?
Authorship
I.M.B.M.
Master in Economic Development and Innovation
I.M.B.M.
Master in Economic Development and Innovation
Defense date
09.16.2024 09:30
09.16.2024 09:30
Summary
This Master's Thesis includes a detailed analysis of the performance of the Autonomous Community of Galicia in the decarbonisation of its economy, with special attention to its energy sector. To this end, an evaluation of its evolution over the last decades is carried out, but with special attention to the period between 2010 and 2022. To this end, the methodology applied for its preparation is based on an extensive and detailed bibliographical consultation in order to delve deeper into the current environmental problem of climate change and thus understand its causes and consequences. Once these terms are understood, we proceed to the development of an empirical analysis focused on the observation and study of extra-regional data. on the observation and study of data extracted from the Galician Institute of Statistics and the Galician Energy Institute, in order to carry out an in-depth evaluation of the efforts of this territory to favour the energy transition and decarbonise its energy model. Galicia is characterised by being a territory very rich in renewable natural energy resources, which give it an immense opportunity to promote the use of renewable energy sources in its energy mix and thus facilitate the abandonment of fossil fuels that are so damaging to the environment. In addition, its abundance of carbon sinks also provides a considerable advantage in offsetting emissions that are difficult to mitigate. For both reasons, this territory has strong drivers for the decarbonisation of its economy and energy system. To this end, the objectives of this work are to ascertain the reality of the process of decarbonisation of the Galician economy in a broad sense, starting from the question of whether an effort is really being made to reduce gross emissions, or whether, on the contrary, the large net results stand out at the cost of intensifying the work on carbon absorption. Another main objective relates to its energy model, as the aim is to find out how Galicia is using the privilege of its wealth of renewable resources to boost its energy model, or whether fossil fuels are still deeply rooted in its energy processing instead.
This Master's Thesis includes a detailed analysis of the performance of the Autonomous Community of Galicia in the decarbonisation of its economy, with special attention to its energy sector. To this end, an evaluation of its evolution over the last decades is carried out, but with special attention to the period between 2010 and 2022. To this end, the methodology applied for its preparation is based on an extensive and detailed bibliographical consultation in order to delve deeper into the current environmental problem of climate change and thus understand its causes and consequences. Once these terms are understood, we proceed to the development of an empirical analysis focused on the observation and study of extra-regional data. on the observation and study of data extracted from the Galician Institute of Statistics and the Galician Energy Institute, in order to carry out an in-depth evaluation of the efforts of this territory to favour the energy transition and decarbonise its energy model. Galicia is characterised by being a territory very rich in renewable natural energy resources, which give it an immense opportunity to promote the use of renewable energy sources in its energy mix and thus facilitate the abandonment of fossil fuels that are so damaging to the environment. In addition, its abundance of carbon sinks also provides a considerable advantage in offsetting emissions that are difficult to mitigate. For both reasons, this territory has strong drivers for the decarbonisation of its economy and energy system. To this end, the objectives of this work are to ascertain the reality of the process of decarbonisation of the Galician economy in a broad sense, starting from the question of whether an effort is really being made to reduce gross emissions, or whether, on the contrary, the large net results stand out at the cost of intensifying the work on carbon absorption. Another main objective relates to its energy model, as the aim is to find out how Galicia is using the privilege of its wealth of renewable resources to boost its energy model, or whether fossil fuels are still deeply rooted in its energy processing instead.
Direction
VENCE DEZA, XAVIER (Tutorships)
VENCE DEZA, XAVIER (Tutorships)
Court
FERNANDEZ LOPEZ, SARA (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
TURNES ABELENDA, JUAN ALBERTO (Member)
FERNANDEZ LOPEZ, SARA (Chairman)
CAMPOS ROMERO, HUGO (Secretary)
TURNES ABELENDA, JUAN ALBERTO (Member)
Impact of personalized advertising on social networks on purchase intent of consumer
Authorship
A.G.R.
Master in Business Administration [S]
A.G.R.
Master in Business Administration [S]
Defense date
09.12.2024 16:30
09.12.2024 16:30
Summary
Over the years, the way we interact with the rest of society has changed dramatically. Nowadays, it is easier to express opinions and learn about events happening thousands of kilometers away than in the building next door. This shift is due to the rise of social media, which has radically transformed our way of life. Companies worldwide take advantage of this by using personalized advertising through social media to reach a larger target audience. This study explores how ad personalization affects the perceived relevance of the message and consumer behavior intentions, such as purchase intention, willingness to speak positively about the company, and willingness to pay more for a product or service. The research is based on data collected through an online survey distributed via the social networks Instagram and WhatsApp to a representative group of social media users, resulting in 197 responses (of which 182 are part of the final sample). The theoretical framework of the work is based on a review of existing literature on ad personalization, consumer behavior, and message relevance. Thanks to this theoretical framework and the study of the data obtained from the survey, five hypotheses related to the topic of study are tested. At the end of the work, a series of conclusions, as well as limitations, implications, and future lines of research, are discussed.
Over the years, the way we interact with the rest of society has changed dramatically. Nowadays, it is easier to express opinions and learn about events happening thousands of kilometers away than in the building next door. This shift is due to the rise of social media, which has radically transformed our way of life. Companies worldwide take advantage of this by using personalized advertising through social media to reach a larger target audience. This study explores how ad personalization affects the perceived relevance of the message and consumer behavior intentions, such as purchase intention, willingness to speak positively about the company, and willingness to pay more for a product or service. The research is based on data collected through an online survey distributed via the social networks Instagram and WhatsApp to a representative group of social media users, resulting in 197 responses (of which 182 are part of the final sample). The theoretical framework of the work is based on a review of existing literature on ad personalization, consumer behavior, and message relevance. Thanks to this theoretical framework and the study of the data obtained from the survey, five hypotheses related to the topic of study are tested. At the end of the work, a series of conclusions, as well as limitations, implications, and future lines of research, are discussed.
Direction
VARELA NEIRA, MARIA DE LA CONCEPCION (Tutorships)
VARELA NEIRA, MARIA DE LA CONCEPCION (Tutorships)
Court
ALVAREZ PEREZ, MARIA DOLORES (Chairman)
PORTO PEDRIDO, JOSE RAMON (Secretary)
DEL RIO ARAUJO, MARIA LUISA (Member)
ALVAREZ PEREZ, MARIA DOLORES (Chairman)
PORTO PEDRIDO, JOSE RAMON (Secretary)
DEL RIO ARAUJO, MARIA LUISA (Member)
Platinum as a Safe-Haven Asset: Analysis in Financial Markets of the U.S., EU, and UK
Authorship
J.F.A.E.
Master in Economics
J.F.A.E.
Master in Economics
Defense date
09.16.2024 11:30
09.16.2024 11:30
Summary
This work analyzes the viability of platinum as a protective asset for other traditional financial assets, such as stocks and sovereign bonds. An econometric analysis is conducted using a dynamic conditional correlation (DCC) model to calculate the dynamic correlations between platinum and assets from the financial markets of the United States, the European Union, and the United Kingdom. Subsequently, these correlations are used to determine whether platinum can be utilized as a diversifier, hedge, or safe-haven asset. The results indicate that platinum acts solely as a diversifier. Additionally, it shows a slight and limited negative correlation with stocks and sovereign bonds under conditions of severe negative shocks.
This work analyzes the viability of platinum as a protective asset for other traditional financial assets, such as stocks and sovereign bonds. An econometric analysis is conducted using a dynamic conditional correlation (DCC) model to calculate the dynamic correlations between platinum and assets from the financial markets of the United States, the European Union, and the United Kingdom. Subsequently, these correlations are used to determine whether platinum can be utilized as a diversifier, hedge, or safe-haven asset. The results indicate that platinum acts solely as a diversifier. Additionally, it shows a slight and limited negative correlation with stocks and sovereign bonds under conditions of severe negative shocks.
Direction
IGLESIAS CASAL, ANA (Tutorships)
LOPEZ ANDION, Mª DEL CARMEN (Co-tutorships)
IGLESIAS CASAL, ANA (Tutorships)
LOPEZ ANDION, Mª DEL CARMEN (Co-tutorships)
Court
CHAS AMIL, MARIA LUISA (Chairman)
Perez-Nievas Montiel, Miguel (Secretary)
LORES INSUA, FRANCISCO XAVIER (Member)
CHAS AMIL, MARIA LUISA (Chairman)
Perez-Nievas Montiel, Miguel (Secretary)
LORES INSUA, FRANCISCO XAVIER (Member)
the perception of followers on social networks about the manager of said networks and their impact.
Authorship
J.Y.
Master in Urban Tourism and Management of Tourist Businesses
J.Y.
Master in Urban Tourism and Management of Tourist Businesses
Defense date
02.21.2024 10:30
02.21.2024 10:30
Summary
Today, social media plays a crucial role in our lives by connecting us with others and providing opportunities for both individuals and businesses. I have come to understand the global development of the Internet and how various business entities such as companies, brands and advertisers are looking for ways to get closer to customers and increase sales through online channels. I have also observed that to ensure the quality of content, protect the brand image and offer a positive user experience, there is one position that stands out: the social media manager. These professionals play a crucial role in the management of these platforms, so it is necessary to investigate how the skills of social media managers impact the profitability of companies, that is, the importance of the skills of these managers for loyalty of the consumer, focusing especially on empathy and communication skills. These skills are critical to establishing authentic relationships with users, understanding their needs and concerns, and building trust and loyalty. By improving these skills, social media managers can better meet user expectations, increase consumer loyalty and, therefore, improve company profitability, strengthening brand influence. Current work is based on the impact of managers' empathy, affinity, and communication skills on consumer loyalty and repeat purchase decisions. The study variables include: perception of the system, affinity, empathy, communication skills, sense of belonging, positive word-of-mouth recommendation and repeat purchase intention. The results show that affinity and effective communication by managers really influence consumers' purchasing decisions.
Today, social media plays a crucial role in our lives by connecting us with others and providing opportunities for both individuals and businesses. I have come to understand the global development of the Internet and how various business entities such as companies, brands and advertisers are looking for ways to get closer to customers and increase sales through online channels. I have also observed that to ensure the quality of content, protect the brand image and offer a positive user experience, there is one position that stands out: the social media manager. These professionals play a crucial role in the management of these platforms, so it is necessary to investigate how the skills of social media managers impact the profitability of companies, that is, the importance of the skills of these managers for loyalty of the consumer, focusing especially on empathy and communication skills. These skills are critical to establishing authentic relationships with users, understanding their needs and concerns, and building trust and loyalty. By improving these skills, social media managers can better meet user expectations, increase consumer loyalty and, therefore, improve company profitability, strengthening brand influence. Current work is based on the impact of managers' empathy, affinity, and communication skills on consumer loyalty and repeat purchase decisions. The study variables include: perception of the system, affinity, empathy, communication skills, sense of belonging, positive word-of-mouth recommendation and repeat purchase intention. The results show that affinity and effective communication by managers really influence consumers' purchasing decisions.
Direction
VARELA NEIRA, MARIA DE LA CONCEPCION (Tutorships)
VARELA NEIRA, MARIA DE LA CONCEPCION (Tutorships)
Court
DEL RIO ARAUJO, MARIA LUISA (Chairman)
GARCIA GARAZO, MARIA TERESA (Secretary)
BENITO TORRES, JOSE LEANDRO (Member)
DEL RIO ARAUJO, MARIA LUISA (Chairman)
GARCIA GARAZO, MARIA TERESA (Secretary)
BENITO TORRES, JOSE LEANDRO (Member)