ERN: Integration (Topic)最新文献

{"title":"Co-Parenting: A Model of Value Creation in the Multinational Network","authors":"José Pla-Barber, Cristina Villar, A. Madhok","doi":"10.2139/ssrn.3028674","DOIUrl":"https://doi.org/10.2139/ssrn.3028674","url":null,"abstract":"We analyze a novel way to configure and manage multinational networks and propose a model of \"co-parenting\", characterized by the sharing of parenting roles and distribution of responsibilities between two units. We develop our argument around the notion of the springboard subsidiary, which has an extra-regional geographic mandate of a more strategic nature. Such extra-regional headquarters help parent firms overcome the liability of inter-regional foreignness. Based upon qualitative data, our model revolves around three stages: establishment, consolidation and maturity, each of which reflects distinct roles and knowledge flows among the three actors involved: HQ, springboard subsidiary and local subsidiary. Overall, our study sheds distinct light on when and how headquarters add value by matching parenting to context.","PeriodicalId":230377,"journal":{"name":"ERN: Integration (Topic)","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121742005","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Studying the Integration of Damascus Securities Exchange with Selected Stock Markets","authors":"Oubay Mahmoud, Boushra M. Ali, Yousefi Mahmoud","doi":"10.18488/JOURNAL.62/2016.3.7/62.7.85.102","DOIUrl":"https://doi.org/10.18488/JOURNAL.62/2016.3.7/62.7.85.102","url":null,"abstract":"This study aims to examine the integration of Damascus Securities Exchange (DSE) with some Arab and international financial markets, which are (Jordan, Iraq, Germany, and France). The study used monthly data of each stock market index during the period 2010-2015. To achieve the objectives of the study, five tests are used. Namely, Unit Root Test, Johansen Cointegration Test, Vector Error Model, Vector Autoregressive Models (Impulse Response Function and Variance Decomposition) and finally Granger Causality. The findings show a long-run relationship between DSE and other studied markets. Consequently, markets move together in a long-term. No evidence is found about short-term relationship. In addition, DSE seems to respond slowly to changes in the other markets; as a result, shocks on these markets do not explain the variation on DSE index. Finally, Granger Causality test reveals absence of causality among these markets. Thus, investors can benefit from diversifying their portfolios in short-term, but not in the long-term.","PeriodicalId":230377,"journal":{"name":"ERN: Integration (Topic)","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125789585","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Determinants and Dimensions of Supply Chain Evolution Path","authors":"Jong Dae Kim, Sangchun Lee","doi":"10.16980/jitc.12.1.201602.91","DOIUrl":"https://doi.org/10.16980/jitc.12.1.201602.91","url":null,"abstract":"Vertical integration, as well as outsourcing, are typical make or buy decisions and have been given attention in the academic area and among practitioners. Many previous studies have been done on the determinants of the span of process of a firm and the related choice of appropriate governance structure. In turn, those decisions affect an appropriate structure of supply chain which continually evolves with environmental changes. In this study, we propose an evolution map of supply chains and groups of accelerators and decelerators which accelerate or decelerate the evolution of supply chains. \u0000In creating a supply chain evolution map, we define three dimensions of the evolution, namely, span of process, supplier base structure and inter-organizational relationship. Following these dimensions, we propose three stages for each dimension: full spectrum, core and outsourcing and Micro-some for the first dimension, span of process. One-to-one, N-to-one and No-to-N for the second dimension, supplier base structure.","PeriodicalId":230377,"journal":{"name":"ERN: Integration (Topic)","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130224740","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"أثر الدمج المصرفي علي كفاءة الأداء والربح في السودان (Bank Mergers, Efficiency and Profitability in Sudan)","authors":"Issam A.W. Mohamed","doi":"10.2139/SSRN.2615016","DOIUrl":"https://doi.org/10.2139/SSRN.2615016","url":null,"abstract":"Arabic Abstract: يعتبر الدمج المصرفي احد الوسائل التي يتبعها القطاع المصرفي الحديث لمعالجة بعض المشاكل التي تواجه القطاع المصرفي وذلك من خلال عملية دمج المصارف التي تعاني من بعض المشاكل ودمجها مع بعض البنوك ذات الوضع المتحسن والمستقر وفي السودان كانت تلك التجربة ذات أثر كبير في مسيرة القطاع المصرفي وذلك من خلال التجارب التي طبقت في المصارف السودانية. ولمعرفة ذلك الأثر قامت الدراسة علي استعراض دراسة حالة مصرف المزارع التجاري وذلك بتسليط الضوء علي مشكلة هل تعتبر عملية الدمج المصرفي هي الخيار الأمثل للإصلاح المصرفي وذلك لمعرفة أهمية الدمج المصرفي وايجابيات وسلبيات عملية الدمج. هذا بهدف التعرف علي مساهمة عملية الدمج في تطوير الجهاز المصرفي ودراسة وتحليل مراحل عملية الدمج. ركزت الدراسة علي افتراض أن الدمج له أثر ايجابي علي تقوية المركز المالي وزيادة الربحية وحجم التعاملات الداخلية والخارجية. ذلك بإتباع المنهج الوصفي والتحليلي لتقييم الدراسة. ثم استخلصت بعض النتائج التي توصلت إليها الدراسة ومنها أن الدمج المصرفي الذي كان نتاجه مصرف المزارع التجاري من أنجح العمليات المصرفية. وكذلك التوصية بضرورة الاهتمام بعملية الدمج المصرفي مع التقييم المصرفي في البنوك السودانية.English Abstract: Banking merger means a process of integrating banks that suffer from some problems to be combined with some other banks for better performance due to expanding their working capital. With the dire situation of the banking in Sudan, that experience a big impact in the banking sector in 2008 due to dead debts it was imperative to apply it. The study reviews the case study merger of the Commercial Bank and highlights the considered a banking merger process is the perfect choice for banking reform. The importance is to study banking mergers and its construction in order to recognize the contribution of the integration process in the development of the banking system. Moreover, it is essential to study and analyze phases of the merger. The study focused on the assumption that the merger has a positive impact on the strengthening of the financial position, increase profit and volume of internal and external performance by following the systematic descriptive and analytical to assess study. Findings included banking merger, which was of successful commercial banking operations, as well as recommending the need for attention to the process of banking merger and rating operations in Sudanese banks.","PeriodicalId":230377,"journal":{"name":"ERN: Integration (Topic)","volume":"116 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127020212","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Strategic Investment in Merchant Transmission: The Impact of Capacity Utilization Rules","authors":"F. Boffa, Viswanath Pingali, Francesca Sala","doi":"10.2139/ssrn.2959331","DOIUrl":"https://doi.org/10.2139/ssrn.2959331","url":null,"abstract":"In this paper we look at the relative merits of two capacity utilization regimes in the merchant electricity transmission network: Must offer (Mo) where the entire capacity installed has to be made available for transmission and Non Must Offer (NMo) where some capacity could be withheld. We look at two specific cases: (i) demand for transmission varies across time, and (ii) vertical integration is allowed between investors in transmission network and electricity generators. In the case of time-varying demand under Mo, we find that a monopolist may underinvest in transmission when compared to NMo, although NMo may lead to more capacity withholding. In the case of vertical integration, we find that when the market power is with the generators of the exporting node, without vertical integration no welfare-enhancing merchant investment would occur, neither under Mo nor NMo. Further, if the generators in the importing node have market power, in case vertical integration is allowed, Mo is better than NMo. Finally, we also argue that the incentive to collude among various transmission network investors is mitigated with Mo in place.","PeriodicalId":230377,"journal":{"name":"ERN: Integration (Topic)","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116772165","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Decentralization, Incentive Contracts and the Effect of Distortions in Performance Measures","authors":"Tigran Melkonyan","doi":"10.1111/manc.12031","DOIUrl":"https://doi.org/10.1111/manc.12031","url":null,"abstract":"A model endogenizing authority over decisions and incentive contracts is developed. In addition to motivating the agent to exert effort, the principal is concerned about some non-contractible decision that is chosen simultaneously with the agent's effort. The choice of this decision affects both the performance measure and the principal's objective. We consider two allocations of authority to make this decision; principal and agent authority. The choice of authority structure affects the incentive contract, which together with authority structure, affects the agent's effort. We determine the optimal authority structure and incentive contract and how they are affected by different factors.","PeriodicalId":230377,"journal":{"name":"ERN: Integration (Topic)","volume":"38 3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130607839","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Firm Size and Wages in Italy: Evidence from Exogenous Job Displacements","authors":"Vincenzo Scoppa","doi":"10.1111/manc.12037","DOIUrl":"https://doi.org/10.1111/manc.12037","url":null,"abstract":"We use longitudinal data based on administrative archives from 1985 to 2002 to estimate the relationship between wages and firm size in Italy. By controlling for individual fixed effects, we find that larger firms pay significantly higher wages, although the individual unmeasured ability component accounts for about one half of the uncovered size–wage premium. To reduce potential self-selection problems arising from endogenous job changes, we focus on a sample of workers displaced by firm closures. By using this sample, we confirm that larger firms pay higher wages, in part for unmeasured workers' abilities and in part for firm size effects.","PeriodicalId":230377,"journal":{"name":"ERN: Integration (Topic)","volume":"193 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114659128","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Inflation Targeting and the Consistency of Monetary Policy Decisions in Mexico: An Empirical Analysis with Discrete Choice Models","authors":"Rebeca I. Muñoz Torres, D. Shepard","doi":"10.1111/manc.12039","DOIUrl":"https://doi.org/10.1111/manc.12039","url":null,"abstract":"This paper examines the nature of monetary policy decisions in Mexico using discrete choice models applied to the Central Bank's explicit monetary policy instrument. We find that monetary policy adjustments in Mexico have been strongly consistent with the CB's inflation targeting strategy. We also find evidence that monetary policy responds in a forward‐looking manner to deviations of inflation from the target and that observed policy adjustments exhibit asymmetric features, with stronger responses to positive than to negative deviations of inflation from the target and a greater likelihood of policy persistence during periods when monetary policy is tightened, compared with periods when policy is loosened.","PeriodicalId":230377,"journal":{"name":"ERN: Integration (Topic)","volume":"99 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117187836","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Financial Networks and Contagion","authors":"M. Elliott, B. Golub, M. Jackson","doi":"10.2139/ssrn.2175056","DOIUrl":"https://doi.org/10.2139/ssrn.2175056","url":null,"abstract":"We study cascades of failures in a network of interdependent financial organizations: how discontinuous changes in asset values (e.g., defaults and shutdowns) trigger further failures, and how this depends on network structure. Integration (greater dependence on counterparties) and diversification (more counterparties per organization) have different, nonmonotonic effects on the extent of cascades. Diversification connects the network initially, permitting cascades to travel; but as it increases further, organizations are better insured against one another's failures. Integration also faces trade-offs: increased dependence on other organizations versus less sensitivity to own investments. Finally, we illustrate the model with data on European debt cross-holdings.","PeriodicalId":230377,"journal":{"name":"ERN: Integration (Topic)","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124966579","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Literature Review of Reverse Logistics Problem","authors":"Varun Kumar S G, R. Panneerselvam","doi":"10.2139/ssrn.2977791","DOIUrl":"https://doi.org/10.2139/ssrn.2977791","url":null,"abstract":"In this paper a literature review of various problems concerned with the area of reverse logistics has been carried out. Reverse logistics forms an important domain in supply chain management. Because of growing global competition, increased concern towards green environment and strict legislations, business organizations of many countries are compelled to use reverse logistics as a part of their logistics support in bringing back the products which have been supplied to customers after sometime. Reverse logistics in brief is all about recycle, reduce and reuse of products. In the literature review, the problems are classified into facility location problem, logistics network problem, vehicle routing problem and other problems. Under each problem type, discussions are carried out based on type of models/algorithms used to solve that problem. At the end, directions for future research are presented.","PeriodicalId":230377,"journal":{"name":"ERN: Integration (Topic)","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123195044","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}