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Dr. Pedro A. Martin Cervantes
UNIVERSIDAD DE ALMERIA

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0 Finance
0 bibliometric analysis
0 Corporate social responsibility (CSR)
0 Economics and business
0 Econometric Modelling

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Reference work
Published: 27 May 2021 in Encyclopedia of Sustainable Management
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ACS Style

Pedro Antonio Martín Cervantes; María Del Carmen Valls Martínez. The Poff-Michalos Procedure. Encyclopedia of Sustainable Management 2021, 1 -5.

AMA Style

Pedro Antonio Martín Cervantes, María Del Carmen Valls Martínez. The Poff-Michalos Procedure. Encyclopedia of Sustainable Management. 2021; ():1-5.

Chicago/Turabian Style

Pedro Antonio Martín Cervantes; María Del Carmen Valls Martínez. 2021. "The Poff-Michalos Procedure." Encyclopedia of Sustainable Management , no. : 1-5.

Journal article
Published: 02 March 2021 in Mathematics
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Investors and practitioners are increasingly concerned with financial assets within the scope of corporate social responsibility (CSR) meaning that, in recent times, such assets have become enshrined in the preferences of the new generations of investors and consumers. Just when the interest of investors was at its highest, SARS-CoV-2 (COVID-19) affected all international financial markets, so that, at first sight, it might seem that the financial assets assigned to CSR should have suffered collapses that were identical to the rest; however, our work shows the opposite, providing a comparative analysis of how the pandemic has affected the financial markets of each continent to demonstrate its outstanding resilience through the use of the Wavelets methodology. We analyzed the global impact of the registered cases of COVID-19 on the Dow Jones Sustainability World Index (DJSWI), the world’s leading indicator of sustainable companies, in addition to six other financial indices selected from each continent. The empirical results of this research show that the worldwide repercussions of the sudden outbreak of SARS-CoV-2 has had a substantially smaller effect on sustainability-related indices compared to the other considered indices. Similarly, the methodology employed allowed the establishment of a chronogram with details of the dating of COVID-19 expansion through the considered countries, a certain gradation in terms of the impact of the pandemic on these stock indices, and certain common guidelines describing their devastating effects on each of the financial markets represented by the indices in this research.

ACS Style

María Valls Martínez; Pedro Martín Cervantes. Testing the Resilience of CSR Stocks during the COVID-19 Crisis: A Transcontinental Analysis. Mathematics 2021, 9, 514 .

AMA Style

María Valls Martínez, Pedro Martín Cervantes. Testing the Resilience of CSR Stocks during the COVID-19 Crisis: A Transcontinental Analysis. Mathematics. 2021; 9 (5):514.

Chicago/Turabian Style

María Valls Martínez; Pedro Martín Cervantes. 2021. "Testing the Resilience of CSR Stocks during the COVID-19 Crisis: A Transcontinental Analysis." Mathematics 9, no. 5: 514.

Reference work
Published: 22 January 2021 in Encyclopedia of Business and Professional Ethics
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ACS Style

Pedro Antonio Martín Cervantes; María Del Carmen Valls Martínez; Salvador Cruz Rambaud. Corporate Social Responsibility: A Bibliometric Research. Encyclopedia of Business and Professional Ethics 2021, 1 -8.

AMA Style

Pedro Antonio Martín Cervantes, María Del Carmen Valls Martínez, Salvador Cruz Rambaud. Corporate Social Responsibility: A Bibliometric Research. Encyclopedia of Business and Professional Ethics. 2021; ():1-8.

Chicago/Turabian Style

Pedro Antonio Martín Cervantes; María Del Carmen Valls Martínez; Salvador Cruz Rambaud. 2021. "Corporate Social Responsibility: A Bibliometric Research." Encyclopedia of Business and Professional Ethics , no. : 1-8.

Reference work
Published: 10 January 2021 in Global Encyclopedia of Public Administration, Public Policy, and Governance
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Pedro Antonio Martín Cervantes; María Del Carmen Valls Martínez. Corporative Social Responsibility Vs. Public Administration. Global Encyclopedia of Public Administration, Public Policy, and Governance 2021, 1 -6.

AMA Style

Pedro Antonio Martín Cervantes, María Del Carmen Valls Martínez. Corporative Social Responsibility Vs. Public Administration. Global Encyclopedia of Public Administration, Public Policy, and Governance. 2021; ():1-6.

Chicago/Turabian Style

Pedro Antonio Martín Cervantes; María Del Carmen Valls Martínez. 2021. "Corporative Social Responsibility Vs. Public Administration." Global Encyclopedia of Public Administration, Public Policy, and Governance , no. : 1-6.

Journal article
Published: 19 November 2020 in International Journal of Environmental Research and Public Health
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Background: There has been a widespread debate about the overall impact of globalization on population, not just economically, but also in terms of health status. Moreover, the current health crisis is going to force governments to review the structure of the public budget to most effectively alleviate the negative economic and health effects on the population. Objective: The aim of this paper is to analyze the relative importance of globalization and the public budget composition—specifically the participation of public expenditure on healthcare, social services and environment in gross domestic product (GDP)—on life expectancy at birth in European countries during the period 1995–2017. Methods: The Multivariate Adaptive Regression Splines (MARS) methodology was applied to analyze the socioeconomic determinants of life expectancy at birth. Results: Our findings show that globalization has no relative importance as an explanatory variable of life expectancy in European countries, while government expenditure on social protection is the most relevant followed by public expenditure on health, gross national income per capita, education level of the population and public expenditure on environmental protection. Conclusion: European strategies intended to impact on health outcome should spend more attention to the composition of public budget.

ACS Style

Pedro Antonio Martín Cervantes; Nuria Rueda López; Salvador Cruz Rambaud. The Relative Importance of Globalization and Public Expenditure on Life Expectancy in Europe: An Approach Based on MARS Methodology. International Journal of Environmental Research and Public Health 2020, 17, 8614 .

AMA Style

Pedro Antonio Martín Cervantes, Nuria Rueda López, Salvador Cruz Rambaud. The Relative Importance of Globalization and Public Expenditure on Life Expectancy in Europe: An Approach Based on MARS Methodology. International Journal of Environmental Research and Public Health. 2020; 17 (22):8614.

Chicago/Turabian Style

Pedro Antonio Martín Cervantes; Nuria Rueda López; Salvador Cruz Rambaud. 2020. "The Relative Importance of Globalization and Public Expenditure on Life Expectancy in Europe: An Approach Based on MARS Methodology." International Journal of Environmental Research and Public Health 17, no. 22: 8614.

Journal article
Published: 26 October 2020 in Mathematics
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The objective of this study was to apply the Sadegh, Ragno, and AghaKouchak (SRA) approach to the field of quantitative finance by analyzing, for the first time, the relationship between price and trading volume of the securities using four stock market indices: DJIA, FOOTSIE100, NIKKEI225, and IBEX35. This procedure is a completely new methodology in finance that consists of the application of a Bayesian framework and the development of a hybrid evolution algorithm of the Markov Chain Monte Carlo (MCMC) method to analyze a large number (26) of parametric copulas. With respect to the DJIA, the Joe’s copula is the one that most efficiently models its succinct dependence structures. One of the copulas included in the SRA approach, the Tawn’s copula, is jointly adjusted to the FOOTSIE100, NIKKEI225, and IBEX 35 indices to analyze the asymmetric relationship between price and trading volume. This adjustment can be considered almost perfect for the NIKKEI225, and a relatively different characterization for the IBEX35 seems to indicate the existence of endogenous patterns in the price and volume.

ACS Style

Pedro Antonio Martín Cervantes; Salvador Cruz Rambaud; María Del Carmen Valls Martínez. An Application of the SRA Copulas Approach to Price-Volume Research. Mathematics 2020, 8, 1864 .

AMA Style

Pedro Antonio Martín Cervantes, Salvador Cruz Rambaud, María Del Carmen Valls Martínez. An Application of the SRA Copulas Approach to Price-Volume Research. Mathematics. 2020; 8 (11):1864.

Chicago/Turabian Style

Pedro Antonio Martín Cervantes; Salvador Cruz Rambaud; María Del Carmen Valls Martínez. 2020. "An Application of the SRA Copulas Approach to Price-Volume Research." Mathematics 8, no. 11: 1864.

Journal article
Published: 26 August 2020 in Heliyon
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In this paper, we have tested the existence of a causal relationship between the arrival of the 45th presidency of United States and the performance of American stock markets by using a relatively novel methodology, namely the causal-impact Bayesian approach. In effect, we have found strong causal relationships which, in addition to satisfying the classical Granger Causality linear test, have been quantified in absolute and relative terms. Our findings should be included in the context of one of the main markets anomalies, the so-called "calendar effects". More specifically, when distinguishing between the subperiods of pre- and post-intervention, data confirm that the "US presidential cycle" represents a process of high uncertainty and volatility in which the behavior of the prices of financial assets refutes the Efficient-Market Hypothesis.

ACS Style

Pedro Antonio Martín Cervantes; Salvador Cruz Rambaud. An empirical approach to the “Trump Effect” on US financial markets with causal-impact Bayesian analysis. Heliyon 2020, 6, e04760 .

AMA Style

Pedro Antonio Martín Cervantes, Salvador Cruz Rambaud. An empirical approach to the “Trump Effect” on US financial markets with causal-impact Bayesian analysis. Heliyon. 2020; 6 (8):e04760.

Chicago/Turabian Style

Pedro Antonio Martín Cervantes; Salvador Cruz Rambaud. 2020. "An empirical approach to the “Trump Effect” on US financial markets with causal-impact Bayesian analysis." Heliyon 6, no. 8: e04760.

Journal article
Published: 03 March 2020 in Sustainability
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Background: The analysis of the problems derived from globalization has become one of the most densely studied topics at the beginning of this millennium, as they can have a crucial impact on present and future sustainable development. This paper analyzes the differential patterns of globalization in four worldwide areas predefined by The World Bank (namely, High-, Upper-Middle-, Lower-Middle-, and Low-Income countries). The main objective of this work is to estimate the effect of globalization on some economic development indicators (specifically per capita income and public expenditure on health) in 217 countries over the period 2000–2016. Methods: Our empirical approach is based on the implementation of a novel econometric methodology: The so-called Toda–Yamamoto procedure, which has been used to analyze the possible causal relationships between the involved variables. We employ World Development Indicators, provided by The World Bank, and the KOF Globalization Index, elaborated by the KOF Swiss Economic Institute. Results: The results show that there is a causal relationship in the sense of Granger between globalization and public expenditure on health, except in High-Income countries. This can be interpreted both negatively and positively, confirming the double character of globalization, as indicated by Stiglitz.

ACS Style

Pedro Antonio Martín Cervantes; Nuria Rueda López; Salvador Cruz Rambaud. The Effect of Globalization on Economic Development Indicators: An Inter-Regional Approach. Sustainability 2020, 12, 1942 .

AMA Style

Pedro Antonio Martín Cervantes, Nuria Rueda López, Salvador Cruz Rambaud. The Effect of Globalization on Economic Development Indicators: An Inter-Regional Approach. Sustainability. 2020; 12 (5):1942.

Chicago/Turabian Style

Pedro Antonio Martín Cervantes; Nuria Rueda López; Salvador Cruz Rambaud. 2020. "The Effect of Globalization on Economic Development Indicators: An Inter-Regional Approach." Sustainability 12, no. 5: 1942.

Journal article
Published: 05 January 2020 in Sustainability
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The objective of this work is to identify and classify the relative importance of several socioeconomic factors which explain life expectancy at birth in the European Union (EU) countries in the period 2008–2017, paying special attention to greenhouse gas emissions and public environmental expenditures. Methods: The Random Forests methodology was employed, which allows classification of the socioeconomic variables considered in the analysis according to their relative importance to explain health outcomes. Results: Per capita income, the educational level of the population, and the variable AREA (which reflects the subdivision of Europe into four relatively homogeneous areas), followed by the public expenditures on environmental and social protection, are the variables with the highest relevance in explaining life expectancy at birth in Europe over the perip.1 he peusto el correo e inciod 2008–2017. Conclusions: We have identified seven sectors as the main sources of greenhouse gas emissions: Electricity, gas, steam, and air conditioning supply; manufacturing; transportation and storage; agriculture, forestry, and fishing; construction; wholesale and retail trade, repair of motor vehicles and motorcycles; and mining and quarrying. Therefore, any public intervention related to environmental policy should be aimed at these economic sectors. Furthermore, it will be more effective to focus on public programs with higher relevance to the health status of the population, such as environmental and social protection expenditures.

ACS Style

Pedro Antonio Martín Cervantes; Nuria Rueda López; Salvador Cruz Rambaud. Life Expectancy at Birth in Europe: An Econometric Approach Based on Random Forests Methodology. Sustainability 2020, 12, 413 .

AMA Style

Pedro Antonio Martín Cervantes, Nuria Rueda López, Salvador Cruz Rambaud. Life Expectancy at Birth in Europe: An Econometric Approach Based on Random Forests Methodology. Sustainability. 2020; 12 (1):413.

Chicago/Turabian Style

Pedro Antonio Martín Cervantes; Nuria Rueda López; Salvador Cruz Rambaud. 2020. "Life Expectancy at Birth in Europe: An Econometric Approach Based on Random Forests Methodology." Sustainability 12, no. 1: 413.

Journal article
Published: 03 July 2019 in International Journal of Environmental Research and Public Health
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Background: From a causal point of view, there exists a set of socioeconomic indicators concerning life expectancy. The objective of this paper is to determine the indicators which exhibit a relation of causality with life expectancy at birth. Methods: Our analysis applies the Granger causality test, more specifically its version by Dumitrescu–Hurlin, starting from the information concerning life expectancy at birth and a set of socioeconomic variables corresponding to 17 Spanish regions, throughout the period 2006–2016. To do this, we used the panel data involving the information provided by the Spanish Ministry of Health, Consumer Affairs and Social Welfare (MHCSW) and the National Institute of Statistics (NIS). Results: Per capita income, and the rate of hospital beds, medical staff and nurses Granger-cause the variable “life expectancy at birth”, according to the Granger causality test applied to panel data (Dumitrescu–Hurlin’s version). Conclusions: Life expectancy at birth has become one of the main indicators able to measure the performance of a country’s health system. This analysis facilitates the identification of those factors which exhibit a unidirectional Granger-causality relationship with life expectancy at birth. Therefore, this paper provides useful information for the management of public health resources from the point of view of the maximization of social benefits.

ACS Style

Pedro Antonio Martín Cervantes; Nuria Rueda López; Salvador Cruz Rambaud. A Causal Analysis of Life Expectancy at Birth. Evidence from Spain. International Journal of Environmental Research and Public Health 2019, 16, 2367 .

AMA Style

Pedro Antonio Martín Cervantes, Nuria Rueda López, Salvador Cruz Rambaud. A Causal Analysis of Life Expectancy at Birth. Evidence from Spain. International Journal of Environmental Research and Public Health. 2019; 16 (13):2367.

Chicago/Turabian Style

Pedro Antonio Martín Cervantes; Nuria Rueda López; Salvador Cruz Rambaud. 2019. "A Causal Analysis of Life Expectancy at Birth. Evidence from Spain." International Journal of Environmental Research and Public Health 16, no. 13: 2367.