Papers by Teofilo Ozuna Jr
Reports, Jun 1, 1991
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Multidisciplinary business review, Jul 4, 2023
The entrepreneurial process in social enterprises El proceso emprendedor en las empresas sociales... more The entrepreneurial process in social enterprises El proceso emprendedor en las empresas sociales Resumen Este artículo examina la naturaleza evolutiva de la empresa social e identifica los factores más importantes relacionados con las personas y las instituciones. Las organizaciones que persiguen objetivos tanto lucrativos como no lucrativos, manteniendo así una combinación de prácticas y creencias orientadas al mercado y a la misión para abordar cuestiones sociales y ecológicas, son "empresas sociales". El artículo examina los métodos para identificar, evaluar y explotar los principales factores de las oportunidades empresariales sociales. Para ello se realizó una investigación cualitativa aplicando la técnica Delphi. Se incluyó una muestra Delphi de 25 expertos de España y Latinoamérica. Este estudio contribuye a construir un marco de referencia para académicos y profesionales en torno a los factores clave que influyen en las diferentes etapas del proceso de emprendimiento social. Los resultados empíricos del estudio ofrecen un testimonio de los factores más significativos, tanto contextuales como individuales, en cada etapa del proceso de emprendimiento social.
This study determines if small business collateral requirements differ between racial/ethnic and ... more This study determines if small business collateral requirements differ between racial/ethnic and gender groups and how firm, loan, and market characteristics impact any differences in these terms. Previous literature establishes that Hispanics, Blacks, and females are considered riskier than their non-minority and male counterparts, receiving more loan denials and higher loan costs. Lenders mitigate asymmetric information by monitoring or influencing riskier borrowers through the use of non-price loan factors such as collateral requirements. Data from the Federal Reserve's Survey of Small Business Finances is analyzed to determine whether lenders impose larger collateral requirements on minority and female small businesses as a way to monitor this group of borrowers. A Blinder-Oaxaca decomposition is used to demonstrate how variations in collateral requirements are influenced by identifying characteristics. Decomposition results show differences collateral requirements and much of the evidenced gap is attributed to differences in levels of banking competition in borrower markets, loan interest rates, and loan amounts.
Reports, Apr 1, 1991
In this paper various natural resource and environmental issues that could occur or be further ag... more In this paper various natural resource and environmental issues that could occur or be further aggravated by the proposed Agreement are highlighted. These include water quantity and quality, air quality, coastal resources, wildlife, land use, and hazardous materials. The majority of these resources are of the transnational common pool resource type. Current or potential transnational environmental externalities will be difficult to resolve. International initiatives are needed to coordinate border development goals in order to deal more effectively with these environmental externalities. Hence, one of the most crucial steps towards an environmentally sustainable development of the U.S.-Mexico border region is to insure that the U.S.-Mexico Free Trade Agreement (FTA) will address these issues. The U.S.-Mexico FTA provides the opportunity to shift from a basically reparative to a more anticipatory and preventive natural resource and environmental strategy.
IOS Press eBooks, Oct 31, 2022
Defining vibrancy as the levels of entrepreneurial activity promoted by the coordination of the n... more Defining vibrancy as the levels of entrepreneurial activity promoted by the coordination of the network and the cooperation that represents an entrepreneurial ecosystem, practitioners and academicians have identified core attributes to create value based on the complex connection of factors to make it vibrant. Nevertheless, some ecosystems do not have efficient activity levels or are not well interconnected, preventing all stakeholders' total involvement or spillover (value creation and outcomes such as socioeconomic development, well-being, and happiness). The contribution of this work is to use a transdisciplinary spatial method (used in measuring the spatial concentration of airline traveling) to measure the vibrancy of an entrepreneurial ecosystem. The framework procures the measurement of vibrancy and its sustainability for value creation in turbulent environments. A vibrant entrepreneurial ecosystem imbues regional development. A case will present a numerical comparison between the level of vibrancy between ecosystems and illustrations of its activity levels for the creation of networks and regional development.
Marine Resource Economics, Jul 1, 2000
This study estimates the value of recreational red snapper fishing in the Gulf of Mexico. Additio... more This study estimates the value of recreational red snapper fishing in the Gulf of Mexico. Additionally, the study shows how to decompose the estimated red snapper recreation demand function into changes: (i) due to recreationists who were not taking recreational red snapper fishing trips but were induced to take a trip in response to changes in catch rates and (ii) due to recreationists already taking trips and responding to changes in catch rates. The decomposition allows us to also decompose the estimated elasticities and consumer surplus. The results indicate that an improvement in expected fishing quality will increase consumer surplus and that most of the increase is contributed by recreationists who initially do not take recreational red snapper fishing trips, but later take a positive number of trips. This finding has important policy implications for managing the red snapper fishery in the Gulf of Mexico.
Multidisciplinary Business Review
The present study examines the evolving nature of social enterprise and identifies the most signif... more The present study examines the evolving nature of social enterprise and identifies the most significant factors related to individuals and institutions. Organisations that pursue both profit and non-profit objectives, thus maintaining a mix of market- and mission-oriented practices and beliefs for addressing social and ecological issues, are known as “social enterprises.” The present study examines the methods of identifying, evaluating, and exploiting the principal factors related to social entrepreneurial opportunities. For this purpose, a qualitative research process applying the Delphi technique was conducted. A Delphi sample of 25 experts from Spain and Latin America was included. This study contributes to building a framework of reference for academics and practitioners regarding the key factors influencing the different stages of the social entrepreneurial process. The empirical results of the study offer a testimony of the most significant, both contextual and individual, factor...
Advances in transdisciplinary engineering, Oct 31, 2022
Defining vibrancy as the levels of entrepreneurial activity promoted by the coordination of the n... more Defining vibrancy as the levels of entrepreneurial activity promoted by the coordination of the network and the cooperation that represents an entrepreneurial ecosystem, practitioners and academicians have identified core attributes to create value based on the complex connection of factors to make it vibrant. Nevertheless, some ecosystems do not have efficient activity levels or are not well interconnected, preventing all stakeholders' total involvement or spillover (value creation and outcomes such as socioeconomic development, well-being, and happiness). The contribution of this work is to use a transdisciplinary spatial method (used in measuring the spatial concentration of airline traveling) to measure the vibrancy of an entrepreneurial ecosystem. The framework procures the measurement of vibrancy and its sustainability for value creation in turbulent environments. A vibrant entrepreneurial ecosystem imbues regional development. A case will present a numerical comparison between the level of vibrancy between ecosystems and illustrations of its activity levels for the creation of networks and regional development.
The Electricity Journal, 2021
Journal of Agricultural and Applied Economics, 1995
The purpose of the Journal is to provide a forum for creative and scholarly work in agricultural ... more The purpose of the Journal is to provide a forum for creative and scholarly work in agricultural economics and related areas. Contributions on methodology and applications in business, extension, research and teaching phases of agricultural economics are equally encouraged. Only submitted articles recommended by the editorial council are accepted for publication. Criticism of articles is encouraged and comments and replies will be published, subject to editorial review.
Journal of Travel Research, 1989
The purpose of this study was to estimate the economic impacts of outdoor recreation activity (sp... more The purpose of this study was to estimate the economic impacts of outdoor recreation activity (specifically, sport fishing, hunting, picnicking, swimming, camping, pleasure boating and sightseeing) on the economies of the Texas Gulf Coast region and the state of Texas in the form of output, employment, income, and state and local tax revenues. The statewide Texas Gulf Coast economic impacts were estimated using the statewide expenditure data for the entire Texas Gulf Coast collected for this study and the 1986 Texas Input-Output Model developed for this study. The results of this analysis indicated that the total output impact during 1986 amounted to $1.19 billion for the Texas Gulf Coast and $1.91 billion for the state. The results also show that 59% of these impacts resulted from fishing-related travel to this area.
Agricultural and Resource Economics Review, 2003
This study extends the joint estimation of revealed and stated preference data literature by acco... more This study extends the joint estimation of revealed and stated preference data literature by accounting for truncation in the revealed preference data. The analytical model and estimation procedure are used to estimate the value of recreational red snapper fishing in the Gulf of Mexico. This recreational red snapper valuation is decomposed into its direct and indirect components. As expected, the value of recreational red snapper fishing using the joint revealed-stated preference model proposed in this analysis is bracketed on the upper limit by the value obtained using the contingent valuation method and on the lower limit by the travel cost method. The results also indicate that the joint model improves the precision of estimated recreational red snapper valuation.
The purpose of this study is to investigate the financial characteristics that might influence th... more The purpose of this study is to investigate the financial characteristics that might influence the use of derivatives by banks in Latin America. We find that in Latin America banks using derivatives, compared to nonuser banks, are associated with riskier capital structures. Additionally, we find that onbalance sheet activities such as liquidity is not a substitute for derivatives and that derivatives are not being used to coordinate interest-rate risk and credit risk management strategies. These results identifying a derivative user bank as a weak capitalized bank, which does not seek to hedge unwanted risk, argue the need for any additional restrictions on derivatives activities. Latin American policy makers need to address the possible speculative behavior of banks in Latin America, otherwise they risk having an unstable and detrimental banking system.
Journal of College Teaching & Learning (TLC), 2011
This paper describes technological application designed to focus on student-learner approaches to... more This paper describes technological application designed to focus on student-learner approaches to education to develop critical-thinking among undergraduate students. The high-tech classroom achieves the critical-thinking objective and reduces seat-time so colleges overcome ever-growing shortages of classroom space.
Journal of International Financial Markets, Institutions and Money, 2005
In this study, we examine the response of Latin American stock markets to movements in crosscount... more In this study, we examine the response of Latin American stock markets to movements in crosscountry Latin American macroeconomic variables. We find little evidence that Latin American stock markets are responsive to these changes. Alternatively, we find that Mexico's stock market affects other Latin American stock markets but not vice-versa. We also find that the exchange rate of a Latin American country affects its own stock market, suggesting that currency risk is an important source of risk in Latin America. We conclude that the use of crosscountry macroeconomic variables is not very useful for forecasting Latin American stock market movements.
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Papers by Teofilo Ozuna Jr