Orlando E. Contreras-Pacheco

Drawing on the legitimacy theory framework, this study introduces an alternative means to spot “fuzzy reporting” signals as a way to detect greenwashing at the firm level. Its approach is based on the way the sustainability reporting process can mislead stakeholders after critical incidents take place. In order to do so, a single environmental incident, which took place in Colombia, is analyzed in light of what happened before, during and afterwards, with special emphasis on the corporate disclosure process performed by the company involved. Results obtained give support to the assumption that fuzzy reporting can be objectively detected not only through the analysis of annual sustainability reports, but also by tracking other forms of corporate messages when a specific concern is carefully followed. This study’s contribution is two-fold. First, it builds on the theoretical notions of greenwashing and fuzzy reporting by illustrating a practical and objective way to identify some deceiving corporate practices. Second, it empirically evaluates this approach in a sensitive context in order to obtain better illustration and prepare the groundwork for further studies.

The authors study the performance of mean-variance optimized (MVO) equity portfolios for retail investors in various markets in the U.S. and around the world. Actively managed equity mutual funds have relatively high fees and tend to underperform their benchmark. Index funds such as exchange traded funds still charge appreciable fees, and only deliver the performance of the benchmark. The authors find that MVO portfolios are relatively easy to manage by a retail investor, and that they tend to outperform their benchmark or, at worst, equal its performance, even after adjusting for risk. Moreover, they show that the performance of these funds is not particularly sensitive to the frequency at which they are rebalanced so that, in the limit, an investor might have to rebalance his/her portfolio only once a year. This last finding translates into very low trading costs, even for retail investors. Thus, the authors conclude that MVOs offer an easy, cheap alternative to invest in the world’s equity markets.

Night work is one of the most recognized responsibilities of security personnel. Feeling vital is a necessary condition for assuring proper development of this function. Thus, the analysis of its effects on physical and mental conditions is a relevant resource for achieving adequate results at individual and organizational levels. Based on a questionnaire applied to 184 private security guards in Colombia, this study examines the subjective vitality of the personnel working during night shifts and its association with self-perceptions regarding their physical and mental health. Additionally, it analyzes the interference that various demographic variables exert on these relationships. By using partial least squares structural equation modeling, the study found that subjective vitality significantly affects night workers’ mental health more than their physical health. That is, subjective vitality among respondents explains 51% of the variability of mental health and 36% of the variability of physical health. A further significant effect of physical health on mental health was also evidenced, in which the former explains the 25% of the latter variability. When comparing results between genders, the study shows that the variability of mental health explained by subjective vitality among women is larger than among men (75% vs. 28%). These results are discussed in light of the theoretical aspects of organizational behavior and are grounded around their potential to address the phenomenon of human resource management in practice. Practical implications include the need for organizational schemes that balance physical and mental health among night workers.

Acknowledgments
The authors want to acknowledge the 184 Colombian security guards who provided their time to complete the questionnaire for this study.

In balancing the mission of state security forces and bodies, private security guards are expected to provide partial fulfillment to society’s sturdy desire for safety and security. They exert responsibility for protecting housing and commercial communities, as well as institutions and critical infrastructure systems, including manufacturing, utilities, transportation, and health and educational facilities. Acknowledging that these individuals must possess specific capabilities for a satisfactory level of performance, this study aims to empirically explore how those capabilities interact to obtain a good fit for their job. In order to accomplish this objective, the paper scrutinizes the insights of 94 Colombian security guards. It examines the potential associations (through a partial least squares-structural equation modeling) and configurations (through a fuzzy-set qualitative comparative analysis) between the personality trait of conscientiousness and two relevant cognitive skills: mental agility and visual memory. The findings revealed coincidences and contradictions between techniques and addressed constructs’ arrangements to understand how individual capabilities are associated with work outcomes. Even though conscientious individuals tend to perceive strong compatibility with the security job, the skills under study display signs of being contingent on obtaining the same work attachment effect. This study concludes that a security guard’s job specification must privilege the possession of a conscientiousness trait and, if possible, self-perception of proficiency in cognitive skills, such as mental agility and visual memory, to obtain a correct fitting for the job.

Unlocking the potential of small and medium-sized enterprises hinges on grasping the underlying principles driving the development of sustainability-oriented innovations. It empowers this community of firms to contribute to sustainability and, at the same time, generate value. In this sense, drawing on the sustainable value creation model, the purpose of this study is to propose a framework for sustainability-oriented innovations in small and medium-sized enterprises by analyzing various strategic approaches. The study employs a theoretical approach aligning conceptual foundations with sustainability-oriented innovations. The study utilizes the sustainable value creation model and identifies four strategies suitable for small and medium-sized enterprises: (i) pollution prevention, (ii) product stewardship, (iii) clean technology, and (iv) sustainable vision focused on the base-of-the-pyramid. Further, portfolios of sustainability-oriented innovations, framed in each of the four strategies and in the context of small and medium-sized enterprises found in the literature are discussed. To illustrate each strategy, the analysis of four small and medium-sized enterprises operating in Colombia is conducted. The findings demonstrate how these strategies, combined with the implementation of portfolios of sustainability-oriented innovations, generate value in small and medium-sized enterprises, while promoting sustainability in the case of the context of an emerging economy. Moreover, the study suggests that small and medium-sized enterprises can effectively adopt a strategic orientation toward designing and implementing portfolios of sustainability-oriented innovations. Ultimately, the study highlights the potential of small and medium-sized enterprises in developing economies to contribute strategically to sustainable development, given their unique characteristics.