2010, Volume XV, nº 1
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- Cross-cultural comparison of leadership practices from Slovenia and Portugal using the globe research program methodologyPublication . Raskovic, Matevz; Krzisnik, SpelaLeadership may account for up to 45 per cent of an organization's performance (Day and Lord, 1988). As a research strand, leadership has been subject to scientific research from various angles for over 100 years, providing a plethora of definitions and research typologies, which all give merit to its ambiguity and complexity {Stogdill, 1974). One of these research 'angles' cross-cultural leadership- examines the aspect of universal validity of leadership and its practices, arid questions the cultural context of leadership. This paper uses the GLOBE research program methodology {House et al., 2004) as one of the most frequent studies and research approaches to cross-culture comparison of leadership practices. By comparing Slovenia and Portugal, it aims to provide managerial implications for cross-cultural leadership practices between the two selected countries and expand empirical evidence, which until now has been predominantly from large, western countries.
- Corporate dividend policies in bank-based and market-based systems : survey evidence from UK and PortugalPublication . Archbold, Stuart; Vieira, Elisabete F. SimõesThis paper reports the empirical results of a questionnaire survey about corporate dividend policy addressed to finance directors of UK and Portuguese listed firms. Similar to other studies (for example, Brav et al., 2005 in the US and Dhanani, 2005 in the UK), we survey 313 finance directors in the UK and 48 in Portugal to examine their views of and understanding about the dividend decision in order to compare practice with theoretical propositions to be found in the literature and to examine cross-country determinants of dividend policy. Our survey results demonstrate similarities in the responses from the UK and Portugal, but also substantive differences, particularly in respect of the interaction between dividend and investment decisions and views about the signalling consequences of dividends.
- Bank relationships and corporate governance : a survey of the literature from the perspective of SMEsPublication . Pinto, António Pedro Soares; Augusto, Mário Gomes; Gama, Paulo M.The aim of this work is to review and systematise the literature on how bank relationships, corporate governance and the interdependence between them can influence corporate performance. The banks and the enterprises establish relationships which enable them to overcome problems of asymmetrical information thereby alleviating difficulties felt in obtaining financial resources.In addition, the specificities that SMEs face, namely their ownership structure, as they are often owned and controlled by families, lead us to study the role played by corporate governance and the various control mechanisms in achieving corporate objectives. These features confer an important supervisory role on credit institutions which stem from the information they hold.