In traditional finance theory, models assume a rational man that is used to make decisions that always maximize his benefit. In this model, it does not matter if the rational man is German or Chinese because the decision making does not depend on a nationality or a culture. In this paper, we...

This paper contains an empirical analysis on the determinants of trade flows in South America through the estimation of an augmented Gravity Model. Using data for countries belonging to the MERCOSUR and the Andean Community (CAN) this research attempts to test the hypotheses of the augmented...

This research examines the common elements that we can find in the outcomes at a national level resulting from clusters. There are 7 common elements of cluster impact, namely: (1) agglomeration economies; (2) knowledge spillovers; (3) increases in productivity and efficiency; (4) positive impact...

Purpose The purpose of this paper is to present evidence about cultural differences between Mexico and China, and analyze their significance when implementing an innovative financial model. Specifically, the authors analyzed the case of the Yunus model (or Grameen model), originally developed in...

Best Laboratories, a Mexican-owned company founded in 1953, concentrated exclusively on the production and supply of generic drugs for Mexican public health institutions, for over four decades. This model had a significant weakness: a single client the government, the government, a lot of...

The diffusion of innovations in business created to help solve the needs of poor people in developing countries was the subject of the analysis. The phenomenon of Trickle-up innovation was observed, whereby innovations created to serve the needs of poor people at the base of the pyramid (BoP)...

Chinese Abstract:...

The main objective of this paper is to develop an asset pricing model for the Mexican stock market during the period of July 1989 to December 1998. Asset pricing theory has been a topic of debate in the United States for over thirty years and consensus has not been reached. Pursuit of empirical...

This study analyzes the impact of microcredit on the life of women. Most of the literature has described the bright side of microfinance and how it helps women to improve their micro-firms. We argue that there is a dark side of microcredit that needs to be addressed. This dark side includes...

The main objective of this research is to analyze whether the momentum effect (Jegadeesh, 1990) and the long-term reverse effect (DeBondt and Thaler, 1985) are observed at the Mexican Stock Exchange, their magnitude, and their significance. These anomalies challenge the efficient market...