It is a research group that brings together ESCSET's research in economics, business and entrepreneurship, tourism, marketing and, in general, the economic and social environment from an applied point of view. In addition, it also integrates the research carried out within the framework of the Chair of Social Economy. The aim of this research is to contribute to improving the competitiveness and well-being of the territory while preserving the quality of the social environment. These areas of knowledge have obvious synergies and interdependencies that the group reinforces. The research group was born with a firm desire to transfer knowledge with the public and private sectors given the existence of strong collaboration agreements with many public and private entities.



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  • Dr. Joseph Maria Raya

    Coordinator of the Research Group Applied to the Financial, Economic and Social Environment

Areas of research

Research lines:

- Tourism, Housing and Transport

- Social Economy

- Entrepreneurship

- Finance and business development

- research in digital communications, marketing and behavioral economics

- Logistics and maritime business

Group members

Dr. Alex Araujo

Dr. Valeria Bernadó

Dr. Marian Buil

Dr. Enric Camón Lluís

Dr. Doloros Celma

Dr. Patricia Crespo

Dr. Roberto Dopeso

Dr. Yvette Fuentes

Dr. Giovanni Giusti

Dr. Ismael Hernández Adell

Dr. Helena Hernández Pizarro

Dr. Alexander Kucel

Dr. Jesus Martínez Marín

Dr. Núria Masferrer

Dr. Jose Ignacio Monreal Galan

Dra. Mónica Juliana Oviedo León

Dr. Joseph Patau

Dr. Josep Torres Pruñonosa


Dr. Noemi Ruiz

Dr. Eloi Serrano Robles

Dr. Judith Turrión Prats

Luis Codinas Poch


  • “Housing Prices: Gender Differences in Mortgage Decisions and Measuring the Impact of the Collaborative Economy and Crime” - Josep M. Raya, Tecnocampus (Pompeu Fabra University), Mariona Segú, Cergy Paris Université, Ozlem Akin, University of Istanbul, Daniel Mcmillen, University of Illinois
  • "Yes We Rent! Leveraging vacant private property to build up a cooperative affordable housing scheme" - Dr. Josep María Raya, Dr. Helena Hernández (Abstract here)
  • "THE TRUE PRICE OF HOUSING IN SPAIN. IMPLICATIONS FOR THE REAL ESTATE, FINANCIAL AND PUBLIC SECTORS." ECO2016-78816-R. Josep M. Raya, Tecnocampus (Pompeu Fabra University), Catia Nicodemo, Oxford University, Ozlem Akin, University of Istanbul, Daniel Mcmillen, University of Illinois. (Abstract here)
  • Principal Investigator: Buil-Fabregà, M. Certification of the entrepreneurial competence of the research work of Baccalaureate of the GEM school of Mataró. January 2021-January 2022.
  • Principal investigator: Serrano, E. The industrial cooperatives of Catalonia and the adoption of the SDGs. January 2021.
  • Principal Investigator: Rovira, C. Proposal for the implementation of the Demola program in the TecnoCampus university centers. December 2020-June 2021.
  • Principal Investigator of the contract with public administration (2020): Helena Hernández. Quantification of costs of the new model for the promotion of autonomy and care for people who need long-term support in the community environment in Catalonia (BE-2021-1792)
  • Responsible researcher: Patau, J. Service Cost Analysis of the operational areas of the Maresme County Council. Maresme County Council. From November 2019 to October 2020.
  • Evaluation of Rental Aids from the Catalan Housing Agency. - Dr. Josep Mª Raya
  • "Evaluation of aid for the payment of rent." Dr. Josep Mª Raya (TecnoCampus Mataró-Maresme). (Abstract here).
  • “Study of the depth of the concepts of social economy in TUSGSAL” - Dr. Eloi Serrano. (Agreement)
  • “Bioeconomic measurement indicators for the economy of Catalonia, 2000-2017” - Dr. Eloi Serrano. (Agreement)
  • “Methodology for calculating the climate credit of the LIFE CLIMARK project - LIFE16 CCM / ES / 000065”. Dr. Josep Mª Raya (TecnoCampus Mataró-Maresme). PTOP-2020-278_AT (Abstract here).
  • "Study on the online presence of Catalan social economy companies". Dr. Alex Araujo (Teaching Innovation Area - TecnoCampus Mataró-Maresme), Mr. Victor Jordan Vallverdú (TenoCampus Mataró-Maresme) (Aabstract here)
  • "Economic and fiscal impact and cost-benefit analysis of the Circuit de Catalunya". Dr. Josep María Raya (TecnoCampus Mataró-Maresme) (Abstract here)
  • "Evaluation of the economic and social impact of the Tecnocampus Mataró-Maresme Science Park". Dr. Josep María Raya (TecnoCampus Mataró - Maresme) (Abstract here)
  • "History of Engineers' Box." Dr. Eloi Serrano and Dr. Yolanda Blasco (UB) Elaboration of the history of the entity from an economic and business perspective. Funded by Caja de Ingenieros. 
  • "Map of Catalan Cooperativism and its analysis with the economic crises (1970-2016). Dr. Dolors Celma, Dr. Esther Martinez (UdG), Dr. Patricia Crespo, Dr. Eloi Serrano. (Abstract here)
  • "Update of the global indicator of adaptation to the impacts of climate change in Catalonia". Dr. Josep María Raya (TecnoCampus Mataró-Maresme) (Abstract here)
  • "Partial drafting of the economic and social impact report, referring to the area of ​​the Vall dels Horts sector in the municipality of Sant Fruitós de Bages". Dr. Josep Mª Raya (TecnoCampus Mataró-Maresme). (Abstract here).
  • "Study to implement an analytical cost accounting for the different services of the Maresme County Council." Dr. Josep Patau (TecnoCampus Mataró-Maresme). (Abstract here).
  • “Marketing plan for the NGO Lesbos Solidarity”. Dr. Ismael Hernández (TecnoCampus Mataró-Maresme), Dr. Eloi Serrano (TecnoCampus Mataró-Maresme). (Acceptance of work).
  • "Promotion and dissemination of the Social Economy in Mataró and Maresme". Dr. Ismael Hernández (TecnoCampus Mataró-Maresme), Dr. Eloi Serrano (TecnoCampus Mataró-Maresme). 
  • "Advice on assessing the economic impact of the Medsailing Championship." Dr. Josep Mª Raya (TecnoCampus Mataró-Maresme). (Abstract here)

Production of recent years

Below are the different scientific articles written by the members of the research group in recent years.

 Casanovas, MM, Ruíz-Munzón, N., and Buil-Fabregá, M. (2021). Higher education: the best practices for fostering skills for sustainable development through the use of active learning methodologies. International Journal of Sustainability in Higher Education •    

- Manera, C., Serrano, E., Pérez-Montiel, J., and Buil-Fabregà, M. (2021). Construction of Biophysical Indicators for the Catalan Economy: Building a New Conceptual Framework. Sustainability, 13 (13), 7462 •    

- Fabregá, MB, Masferrer, N., Patau, J., and Pérez, APM (2020). Self-conscientious competence as a driver of innovation and environmental commitment in higher education students. International Journal of Sustainability in Higher Education. •    

Sorribes, J., Celma, D. and Martínez-Garcia, E. (2021). Sustainable human resources management in crisis contexts: Interaction of socially responsible labor practices for the wellbeing of employees. Corporate Social Responsibility and Environmental Management, 28 (2), 936,952. Impact factor ISI-JCR (2019): 4,542; Citations: 3.173; Q1 (Business); Q1 (Management); Q1 (Environmental Studies).

Torres-Pruñonosa, J., Raya, J., and Dopeso-Fernández, R. (2020). The economic and social value of science and technology parks. The case of TecnoCampus. Frontiers in Psychology, 11, 632600.

- Crespo, P., Fuentes, I., Araujo, À., Raya, J. (2021). Economic and Social Yield of Investing in a Sporting Event: Sustainable Value Creation in a Territory. Sustainability, 13, 7033.

- Galí, J., Giusti, G., and Noussair, CN (2021). Monetary policy and asset price bubbles: a laboratory experiment. Journal of Economic Dynamics and Control, 130, 104184.

- Raya, J, i Giusti, G. (2021). Can information regarding previous sales stabilize the house price index? Evidence from a field experiment in Spain. Journal of Housing and the Built Environment, 36 (2), 353-366.

- López-López, D., and Giusti, G. (2020). Comparing Digital Strategies and Social Media Usage in B2B and B2C Industries in Spain. Journal of Business-to-Business Marketing, 27 (2), 175-186

- Giusti, G., and Dopeso-Fernández, R. (2020). Incentive magnitude and reference point shifting: a laboratory experiment. International Journal of Manpower.

- Maynou, L., Hernández-Pizarro, HM, and Errea Rodríguez, M. (2021). The association of physical (in) activity with mental health. Differences between elder and younger populations: a systematic literature review. International journal of environmental research and public health, 18 (9), 4771.

- Hernández-Pizarro, HM, Nicodemo, C., and Casasnovas, GL (2020). Discontinuous system of allowances: The response of prosocial health-care professionals. Journal of Public Economics, 190, 104248.

Llaneza, C. and Raya, J. (2021): The effect of covid-19 on peer-to-peer rental market. Tourism Economics. Forthcoming.

- Duro, JA, Perez-Laborda, A., Turrion-Prats, J., and Fernández-Fernández, M. (2021). Covid-19 and tourism vulnerability. Tourism Management Perspectives, 38, 100819.

- Bernardo, V. and Fageda, X. (2020) Impacts of competition on connecting travelers: Evidence from the transatlantic aviation market . Transport Policy96, 141-151.

-Bagur-Femenías, L., Buil-Fabrega, M. and Aznar, JP (2020) Teaching digital natives to acquire skills for sustainable development. International Journal of Sustainability in Higher Education21 (6), 1053-1069

-Camón Luis, E. and Celma, D. (2020) Circular economy. A review and bibliometric analysis. Sustainability. 12 (16), 6381. 

-Giusti, G. and Dopeso-Fernández, R. (2020) Incentive magnitude and reference point shifting: a laboratory experiment. International Journal of Manpower. ISBN: 0143-7720

-Agulleiro, A., Miquel, S., Garcia, I. and González, Z. (2020) Approach to the non-professional profile of the fashionable micro instagrammer in SpainThe Information Professional, 29, 4.

-Hernández-Pizarro, HM, Nicodemo, C. and Casasnovas, GL (2020)Discontinuous system of allowances: The response of prosocial health-care professionals. Journal of Public Economics, 190, 1042-1048.

-Bertoli, P., Grembi, V., Llaneza, C. and Vall, J. (2020)The effect of budget cuts on C-section rates and birth outcomes: Evidence from Spain, Social Science & Medicine265, article 113419

-Giusti, G. and Raya, J. (2020)Can information regarding previous sales stabilise the house price index? Evidence from a field experiment in SpainJournal of Housing and the Built Environment (forthcoming). 35 (3).

-Garcia Montalvo, J., Piolatto, A. and Raya, J. (2020)Transaction-tax evasion in the housing market, Regional Science and urban Economics (forthcoming)81, article 103526

-Raya, J. and Ripoll, A. (2020)Tourism indicators and airports' technical efficiencyAnnals of Tourism Research 80, article 102819

-Raya, J., Nicodemo, C. and Mcmillen (2020):Does Juan Carlos or Nelson Obtain a Larger Price Cut in the Spanish Housing Market? Urban Affairs Review 56 (5), 1581-1604.

-Duro, JA, and Turrión-Prats, J. (2020)Territorial versus individual hotel seasonality in a high seasonal destinationCurrent Issues in Tourism, 1-16.

- MONTALVO, G JOSE, RAYA, JM 2018. Constraints on LTV as a macroprudential tool: a precautionary tale. Oxford Economic Papers.

- RAYA, JM, MARTÍNEZ-GARCIA, ESTHER & CELMA, Dolors (2018). “Economic and social yield of investing in hiking paths: The case of Berguedà, Spain”. Journal of Travel & Tourism Marketing, 35 (2), 148,161,

- CELMA, DOLORS, MARTÍNEZ-GARCIA, ESTHER Y RAYA, JOSEP M. (2018). “Socially responsible HR practices and their effects on employees' wellbeing: empirical evidence from Catalonia, Spain”. European research on management and business economics, 24, 82–89.

- MARTÍNEZ-GARCIA, ESTHER, RAYA, JM, GALÍ, N (2018). “Factors Affecting TimeSpent Visiting Heritage City Areas”, Sustainability, 10, pp. 1824-1838.

- MARTÍNEZ-GARCIA, ESTHER, SORRIBES, JOAN, CELMA, DOLORS (2018); “Sustainable development through CSR in human resource management practices: the effects of the economic crisis on job quality". Corporate Social Responsibility and Environmental Management, 25 (4), 441-456.

- OVIEDO, MÓNICA, GUTIÉRREZ-ROMERO, ROXANA (2018). "The good, the bad and the ugly: the socieconomic impact of drug cartels and their violence". Journal of Economic Geography.

TURRIÓN-PRATS, J., & DURO, JA (2018). Tourist seasonality and the role of markets. Journal of destination marketing & management8, 23-31.

- TURRIÓN ‐ PRATS, J., & DURO, JA (2019). Seasonality determinants for the main markets in Spain. International Journal of Tourism Research21

- DURO, JA, & TURRIÓN-PRATS, J. (2019). Tourism seasonality worldwide. Tourism Management Perspectives31, 38-53

- MASFERRER LLABINES, N., CRESPO, P., & BUIL FABREGA, M. (2018). Social economy companies in the times of crises: Entrepreneurship and survival. Intangible Capital14

- FABREGA, MB (2018). How entrepreneurship in higher education helps to sustainable development at the local level: The case of tecnocampus. In Towards Green Campus Operations (pp587-604). Springer, Cham.

AZNAR, JP, BUIL, M., GALIANA, J. & ROCAFORT-MARCO, A. “An Explanatory Study of MBA Students with Regards to Sustainability and Ethics Commitment”, Sustanability 8 (3), 280. 

CUADRAS-MORATÓ, X. & RAYA, JM 2016. Boycott or buycott ?: Internal politics and consumer choices. The BE Journal of Economic Analysis & Policy, 16, 185-218.

GIUSTI, G., JIANG, JH, & XU, Y. (Forthcoming, 2016). Interest on Cash, Fundamental Value Process and Bubble Formation: an Experimental Study. Journal of Behavioral and Experimental Finance.

- BUIL, M., KUCEL, A, MASFERRER, N. & ROBERT, P. “Entrepreneurial skills and education-job matching of university graduates”, European Journal of Education (2016), Vol. 51, Issue 1, pp. 73-89

- KUCEL, A & VILALTA-BUFI, M. “Entrepreneurial skills and wage employment”, International Journal of Manpower (2016, forthcoming).

FUENTES, I., KUCEL, A & RAYA, J. “Over-education and its opportunity cost in Japan”, Asia Pacific Education Review (2016, forthcoming) ,.

SERRANO ROBLES, E. MANERA ERBINA, C. GARAU TABERNER, J. “The volution and impact of tourism in the Mediterranean: the case of Island Regions (1990-2002)”. Tourism Notebooks. Nº 37, 2016 pp.269-303.

RAYA VILCHEZ, JMR & MONTALVO, JG 2016. Cost-benefit and economic impact analysis of the ALBA synchrotron. Economics Note, 115-125.

- BAGUR-FEMENIAS, LLORENÇ, CELMA, DOLORS Y PATAU, JOSEP. (2016). “The Adoption of Environmental Practices in Small Hotels. Voluntary or Mandatory? An Empirical Approach ”. Sustainability, 8 (7) 695.

- CELMA, DOLORS, MARTÍNEZ-GARCIA ESTHER Y RAYA, JOSEP M. (2016). “An analysis of CSR in human resource management practices and its impact on employee job satisfaction in Catalonia, Spain”. European Accounting and Management Review, 1 (3); 45-71.

- GROS, B., & LOPEZ, M. (2016). Students as co-creators of technology-rich learning activities in higher education. International Journal of Educational Technology in Higher Education13(1), 28.

- BAGUR-FEMENIAS, L., LLACH, J., & del MAR ALONSO-ALMEIDA, M. (2013). Is the adoption of environmental practices a strategic decision for small service companies? An empirical approach. Management Decision, 51 (1), 41-62.

- KUCEL, A & VILALTA-BUFI, M. “Why do tertiary graduates regret their study program? Comparison between Spain and the Netherlands ”, Higher Education (2013), Vol. 65, Issue 5, pp. 565-579.

- KUCEL, A. & VILALTA-BUFI, M. “Job satisfaction of mismatched workers in Spain”, Revista de Economía Aplicada (2013) Número 61 (vol. XXI), pp. 29 to 55.

-RAYA VILCHEZ, J. 2013a. Destination and seasonality valuations: a quantile approach. Tourism Economics, 19, 835-853.

- RAYA VILCHEZ, J. 2013b. Valuing Tourist Destinations: an Oaxaca-Blinder Approach. International Journal of Tourism Research, 15, 417-429

- SERRANO ROBLES, E. "Spanish investment in Latin America is a process driven by public enterprise?". Journal of Industrial History. No. 53, 2013 pp.175-214.  

- OLIVERAS, E .; CRESPO, P .; RAYA VILCHEZ, JP (2013). The Bologna process in the area of ​​accounting: Effects on student satisfaction. Journal of Education in Accounting, Finance and Business Administration. 4, 22-33.ISSN 2173-478X

- OLIVERAS, E .; CRESPO, P. (2013). Teaching methods for increasing the participations of students: Innovative dynamics games. Intangible Capital, 9 (2): 526-537

- AMAT, N; MERCADER, R; CRESPO.P. (2013). The reliability of financial information and its impact for analysts and investors: The case of Pescanova. Journal of Accounting and Management. 16, 291-314.

- MARTÍNEZ-GARCIA, ESTHER; CELMA DOLORS (2013): “Internationalization strategies for mature tourist destinations: the case of the counties of Girona”, RITUR, Revista Iberoamericana de Turismo, 3 (2); 44-61. ISNN 2236-6040. Quality indicators: meets all LATINDEX criteria

- BUONANNO, P., MONTOLIO, D. & RAYA-VÍLCHEZ, JM 2012. Housing prices and crime perception. Empirical Economics, 45, 305-321.

- KUCEL, A. “Graduate labor mismatch in Poland”, Polish Sociological Review (2012), 3 (179), pp. 413-429.

- MARTÍNEZ-GARCIA, E., FERRER-ROSSELL, B., & COENDERS, G. (2012). Profile of business and leisure travelers on low cost carriers in Europe. Journal of Air Transport Management, 20, 12-14.

- NICODEMO, C. & RAYA, JM 2012. Change in the distribution of house prices across Spanish cities. Regional Science and Urban Economics, 42, 739-748.

- RAYA, J. & GARCIA, J. 2012a. Which Are the Real Determinants of Tenure? A Comparative Analysis of Different Models of the Tenure Choice of a House. Urban Studies, 49, 3645-3662.

- RAYA, JM 2012. Length of Stay for Triathlon Participants in the Maresme-Barcelona Challenge: A Survival Approach. Journal of Sport & Social Issues, 36, 89-105.

- RAYA, JM & GARCIA, J. 2012b. Which are the real determinants of tenure? A comparative analysis of different models of the tenure choice of a house. Urban Studies, Forthcoming.

GARCÍA-MONTALVO, J. & RAYA, J. 2012. What is the right price of Spanish residential real estate? SEFO-Spanish Economic and Financial Outlook, 1, 22-28.

SERRANO ROBLES, E. “Motivations of Pemex at Repsol, the game in reverse ?. Foreign affairs Latin America. Vol 12, Nº2, 2012 pp.58-66.  

- GARCÍA-MONTALVO, J. & RAYA, J. 2012. What is the right price of Spanish residential real estate? SEFO-Spanish Economic and Financial Outlook, 1, 22-28.