Browsing by Subject "Finance"
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- PublicationOpen AccessAdaptación y reacciones del sector bibliotecario a la crisis de presupuestos públicos para cultura(EPI SCP, Barcelona, Spain, 2013) Gómez-Hernández, José-Antonio; Información y DocumentaciónWe describe how public funding for cultural and library services in Spain decreased in 2012. Therefore, we analyze the impact of this problem on library services, and explain some ways to reduce the damage, such as user contributions and crowdfunding (i.e., social microfinancing). We conclude by arguing that in any case public funding remains essential for stability of these services, and that library associations and librarians must demand it.
- PublicationOpen AccessDigital Technology, Work, Finance and Crises: Do We Now Live in Lash and Urry’s Capitalism of Mobilities or in Ernest Mandel’s Late Capitalism?(Universidad de Murcia, Servicio de Publicaciones, 2023) Roberts, John MichaelThe single and combined work of Scott Lash and John Urry have become extremely significant in the social sciences in the UK and beyond. In particular, one of their principal ideas that dominant capitalist countries have made a transition to a «disorganized» and «mobile» era founded on digital networks, global flows of people, objects, images and texts, decentralized and flexible work practices, declining industrialized social classes, and a loss of power for the nation-state to regulate flows of finance, has influenced many researchers. Their work has even helped to establish of a new «mobilities» paradigm in the social sciences. Ernest Mandel has also explored the impact of digital technology on capitalist restructuring. Indeed, he claims that from 1945 onwards, a «late capitalist» wave emerged predicated on the rise of factors like automation, the service sector, and new class identities. Unlike Lash and Urry, however, Mandel applies Marxist theory to investigate these changes. The aim of this paper is to draw on Mandel’s ideas to examine critically the account put forward by Lash and Urry. Five areas in particular will be discussed: theoretical differences between Lash and Urry and Mandel; the transition between different phases in capitalism; the changing composition of social class; whether the workplace is now dominated by decentralized and flexible networks; and the relationship between finance, the state and digital technology.
- PublicationOpen AccessEuropean football clubs and their finances. A systematic literature review(Universidad de Murcia, Servicio de Publicaciones, 2024) Calahorro-López, Alberto; Ratkai, MelindaThe purpose of this systematic literature review is to provide the state of the art, trends and thematic features in the field of accounting and finances of football teams applying the PRISMA guidelines. Seventy-five studies published after the Bosman Act (1995) were included from the most relevant databases: WoS and Scopus. The lines of research included in the analysis were financial performance, sport performance and legislative performance. The synthesis of studies revealed that the scientific output has evolved overtime and changes have been detected both on a sporting and scientific level with the introduction of the Financial Fair Play (2012), which is changing the business model of the football industry towards more efficient financial and accounting decision making, which might help the achievement of sporting objectives. Useful policy conclusions such as valuation of intangibles, influence of results on clubs’ share prices and directions for future research on football finance are also included in the paper.
- PublicationOpen AccessThe Mismatch Thesis. Fiction and Reality in the Accumulation of Capital(Universidad de Murcia, Servicio de Publicaciones, 2023) Bichler, Shimshon; Nitzan, JonathanPolitical economists, both mainstream and Marxist, find it difficult to recon-cile the «real» and «financial» appearances of capital. The conventional view is that «real» capital is an objective productive entity; that «finance» merely reflects this reality; and that, unfortunately, the reflection is often inaccurate, causing the two to «mismatch». This convention, we argue, is baseless if not fraudulent. First, although econo-mists know full well that «real» capital, comprising different capital goods, cannot have a unique objective quantity – they measure this pseudo quantity anyway, arbitrarily. Second, when they realize that their arbitrary measure of «real» capital differs greatly from the corresponding magnitude of finance, they blame the deviation on invisible fluctuations in intangible capital, investor irrationality and market imperfections. And third, they insist that «real» accumulation drives «financial» on, even though their own measures show that the two processes move in opposite directions!
- PublicationEmbargoLa Vuelta. Impact on Local Communities(Routledge, 2022-11-03) Vegara Ferri, José Miguel; López Gullón, José María; Díaz Suárez, Arturo; Angosto, Salvador; Actividad Física y DeporteSince the 1992 Olympic Games in Barcelona, Spain has gained great prestige as an organiser of sports events, hosting World and European Championships in different sports. However, La Vuelta represents the biggest annual event held in the Peninsula. This event takes place in different places, generating impacts in more than 300 municipalities along the 3000 km route. La Vuelta is held in municipalities of different sizes, including small communities which other major sports events cannot reach, due to lack of infrastructure. Each stage generates a tourist attraction by drawing people from other areas, who come to the town, not only to watch the stage but also for other cultural and leisure activities. Parallel to the event, several activities are organised for the population and children, such as educational seminars and competitions to promote physical activity, at the same place where the best cyclists will finish the stage.