This study examines the conditions that lead mutual funds to underperform or outperform competitors. Using fuzzy-set qualitative comparative analysis (fsQCA), we draw upon extensive research on fund returns to affirm and extend earlier discoveries. Fund performance (Morningstar ratings), features of the funds themselves, and characteristics of the fund managers are considered. Positive Morningstar star and analyst ratings are necessary conditions for funds to generate value (measured by Jensen's alpha). Funds with low management fees and low ongoing fees have attractive Sharpe ratios and high returns. Likewise, large funds with good Morningstar ratings have good Sharpe ratios and returns, often when fund managers have short tenures.
The application of information systems and technologies is a very important challenge for all areas of the company, causing changes in their work processes. Today, the literature has not reached a consensus on the impact that the digitisation of the human resources area has on the results of the company. Therefore, the Fuzzy Set Qualitative Comparative Analysis (fsQCA) has been used in a study with a sample of 42 technology companies from the Valencian Community to identify the conditions that affect the firm performance as an outcome. Two traditional contingent factors (company ownership and the CEO's educational background) are considered, as is the use of information systems and technology for Human Resource Management (HRM). The fsQCA reveals that investment in tools for human resource optimisation and obsolete device replacement positively affect firm performance. Absence of profit growth is linked to a lack of investment in human resource optimisation technology. The distribution of capital amongst different owners, regardless of the technology's current or former availability also hampers firm performance.
This article reviews the situation of single and double degrees in both public and private Spanish universities. To do so, this study analyzes information from the Registry of Universities, Centers, and Qualifications (RUCT) and Universia Spain. After analyzing the programs currently available to students, we present a proposal to establish a double degree in Administration and Business Management/Industrial Management Engineering. The proposal specifies the degree's main objectives, specific nature, and fundamental aims and benefits in terms of technical, corporate, innovative, and entrepreneurial competencies.
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