{"title":"H-1B Visas Essential to Attracting and Retaining Talent in America - NFAP Policy Brief","authors":"S. Anderson","doi":"10.2139/SSRN.2259732","DOIUrl":"https://doi.org/10.2139/SSRN.2259732","url":null,"abstract":"H-1B temporary visas have been an essential avenue for allowing high-skilled foreign nationals to work in America. The “Gang of 8” Senate immigration bill would dramatically change employment-based immigration policy, attempting through a variety of means to discourage or, in some cases, prohibit the use of H-1B visas, while providing more employer-sponsored green cards (for permanent residence). Research indicates measures to restrict the use of H-1B visas are not based on sound evidence and would represent a serious policy mistake that would shift more work and resources outside the United States and harm the competitiveness of U.S. employers. (A grant from the Ewing Marion Kauffman Foundation funded the research for this paper. The contents are solely the responsibility of the National Foundation for American Policy.)","PeriodicalId":348605,"journal":{"name":"Industry Specific Strategy & Policy eJournal","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132571879","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":"Zarządzanie Wartością Przedsiębiorstwa Na Przykładzie Przedsiębiorstw Z Branży Tekstylnej (Enterprise Value Management on the Example of Enterprises from the Textile Industry)","authors":"Roksana Dzumylo, Katarzyna Kalcowska","doi":"10.2139/SSRN.2241234","DOIUrl":"https://doi.org/10.2139/SSRN.2241234","url":null,"abstract":"Raport przedstawia jeden ze sposobow zarządzania wartością przedsiebiorstwa na przykladzie firm X i Y dzialających w branzy tekstylnej. Przedstawione treści pokazują sposob wyznaczenia optymalnej struktury kapitalu. Do wyznaczenia poszczegolnych wartości wykorzystano dane pochodzące ze sprawozdan finansowych przedsiebiorstw, notowania gieldowe oraz inne wielkości charakterystyczne dla branzy tekstylnej. The report represents one of the methods of managing the value of the enterprise on the example of companies operating in the textile industry. The content is based on the method of determining the optimal structure of capital. To determine particular values there were used data from enterprises' financial statements, stock quotes, and other values specific for to the textile industry.","PeriodicalId":348605,"journal":{"name":"Industry Specific Strategy & Policy eJournal","volume":"235 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123756797","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":"Dynamic Platform Competition in a Two-Sided Market: Evidence from the Online Daily Deals Promotion Industry","authors":"Byung-Cheol Kim, J. Lee, Hyunwoo Park","doi":"10.2139/ssrn.2164341","DOIUrl":"https://doi.org/10.2139/ssrn.2164341","url":null,"abstract":"We empirically study a dynamic platform competition in the online daily deals promotion industry characterized by intense rivalry between two leading promotion sites, Groupon and LivingSocial, that broker between local merchants and local consumers. We find that, for a comparable deal, the incumbent Groupon enjoys a significant advantage in performance measured in the number of coupon sales, which appears largely attributable to its greater network size in the consumer side. Yet LivingSocial successfully enters and quickly increases penetration in this market. We find no evidence that LivingSocial offers consumers more favorable terms on their deals than Groupon. Instead, on the merchant side, we find that LivingSocial poach merchants from Groupon, aided by the publicly available information on individual merchants and deal performance. Poached deals generate greater and more predictable coupon sales than the deals developed internally. While information-based poaching provides a foothold for the entrant in overcoming the initial size disadvantage, over time it turns into a competition-intensifying channel, as Groupon reacts by the same poaching strategy. Our study shows how platforms compete dynamically in a two-sided market with open information structure, thereby complements prior theoretical developments for multi-sided markets.","PeriodicalId":348605,"journal":{"name":"Industry Specific Strategy & Policy eJournal","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121410185","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}
Anne-Sophie Bergerès, Philippe d'Astous, G. Dionne
{"title":"Is There Any Dependence between Consumer Credit Line Utilization and Default Probability on a Term Loan? Evidence from Bank-Level Data","authors":"Anne-Sophie Bergerès, Philippe d'Astous, G. Dionne","doi":"10.2139/ssrn.1880940","DOIUrl":"https://doi.org/10.2139/ssrn.1880940","url":null,"abstract":"We study the relationship between two financial instruments through the simultaneous analysis of personal credit line utilization and default probability on a personal term loan. We model both dependent variables in a system of simultaneous equations and find strong evidence of dependence between the two financial instruments. Individuals in the default state draw their credit line by 9 percentage points more and, depending on the specification, a 10 percentage point increase in credit line utilization decreases the default probability by 0.09 to 0.41 percentage points, on a base default rate of 1.08%. This provides evidence that borrowers may use the liquidity of the credit line to pay down the term loan in periods of financial distress and suggests that banks should manage both financial instruments simultaneously.","PeriodicalId":348605,"journal":{"name":"Industry Specific Strategy & Policy eJournal","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116675416","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":"Shipping Performance Assessment and the Role of Key Performance Indicators (KPIs): 'Quality Function Deployment' for Transforming Shipowner's Expectation","authors":"O. Duru, Emrah Bulut, S. Huang, S. Yoshida","doi":"10.2139/ssrn.2195984","DOIUrl":"https://doi.org/10.2139/ssrn.2195984","url":null,"abstract":"The aim of this paper is to investigate the role of Key Performance Indicators (KPIs) in third party ship management and their contribution to the Shipping Performance Index (SPI). This research is mainly motivated from the SPI initiative which is established by the InterManager for the assessment of the shipping performance of the third party ship management companies and to elicit quality service providers and the frontrunner companies in the maritime industry. The SPI is an unweighted average of KPI scores which is calculated from numerical outcomes of several performance indicators. However, the degree of importance and contribution of a specific performance indicator for shipowner’s satisfaction is not taken into consideration. Therefore, a theoretical gap exists on linking the shipowner’s expectations with the technical and numerical measures (i.e. KPIs). This paper proposes a preliminary process to establish the priorities of the KPIs by utilising Quality Function Deployment (QFD). The empirical results indicate the unweighted average method does not represent shipowners’ perception and the priority of KPIs should be revalued.","PeriodicalId":348605,"journal":{"name":"Industry Specific Strategy & Policy eJournal","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123946012","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":"Stakeholders: Threat or Opportunity","authors":"D. Crilly","doi":"10.1111/J.1467-8616.2012.00900.X","DOIUrl":"https://doi.org/10.1111/J.1467-8616.2012.00900.X","url":null,"abstract":"Firms that operate in the same industry with similar stakeholders and organisational pressures could be expected to respond to stakeholders in the same way. But they don't. Donal Crilly set out to discover why.","PeriodicalId":348605,"journal":{"name":"Industry Specific Strategy & Policy eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124960314","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":"Study of the BCG Matrix for Hindustan Unilever Limited","authors":"Himanshu Yadav","doi":"10.2139/SSRN.2124042","DOIUrl":"https://doi.org/10.2139/SSRN.2124042","url":null,"abstract":"This research paper categorize the entire product range of Hindustan Unilever Limited into Cash Cows, Stars, Dogs and Question Marks as per the Boston Consultancy Group (BCG) matrix. The analysis followed by the said classification has been done using empirical Indian market data.","PeriodicalId":348605,"journal":{"name":"Industry Specific Strategy & Policy eJournal","volume":"73 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115669712","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":"Long-Term Bank Balance Sheet Management: Estimation and Simulation of Risk-Factors","authors":"J. Birge, Pedro Júdice","doi":"10.2139/ssrn.2088956","DOIUrl":"https://doi.org/10.2139/ssrn.2088956","url":null,"abstract":"We propose a dynamic framework which encompasses the main risks in balance sheets of banks in an integrated fashion. Our contributions are fourfold: (1) solving a simple one-period model that describes the optimal bank policy under credit risk; (2) estimating the long-term stochastic processes underlying the risk factors in the balance sheet, taking into account the credit and interest rate cycles; (3) simulating several scenarios for interest rates and charge-offs; and (4) describing the equations that govern the evolution of the balance sheet in the long run. The models that we use address momentum and the interaction between different rates. Our results enable simulation of bank balance sheets over time given a bank’s lending strategy and provides a basis for an optimization model to determine bank asset–liability management strategy endogenously.","PeriodicalId":348605,"journal":{"name":"Industry Specific Strategy & Policy eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130023352","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":"The Rise of Fractional Scholarship","authors":"S. Arbesman, Jon F. Wilkins","doi":"10.2139/ssrn.2048780","DOIUrl":"https://doi.org/10.2139/ssrn.2048780","url":null,"abstract":"When people are doing something they are passionate about, they work harder and produce a better product. Thus, underemployed scholars represent, in some sense, a good that is currently trading well below its actual value. Of course, in the course of their primary employment, many of these individuals can and do provide value to the economy outside of traditional scholarship. However, by providing a mechanism for those who wish to conduct research, we can allow these people to engage in their passions while growing the base of scholarly knowledge, which, in turn, has the potential to create further economic growth.By creating an institution devoted to fractional scholarship, we will harness the skills and talents of thousands of underemployed researchers. At the same time, traditional academia will be aided in the creation of a new, attractive career path for people with graduate degrees.Freed from the strictures of traditional academia, fractional scholarship will be able to leap ahead of the departmental structures and artificial boundaries to collaboration too often found in universities. Fractional scholars, drawing on more varied life experiences than those steeped within the ivory tower, will not simply be scratching a research itch. They will be performing creative research, some of which could not even be done within traditional academia, and, at the same time, acting as a newfound scholarly resource for our nation.","PeriodicalId":348605,"journal":{"name":"Industry Specific Strategy & Policy eJournal","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122692231","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":"Intercontinental Airport Competition","authors":"Wim Benoot, J. Brueckner, S. Proost","doi":"10.2139/ssrn.2035334","DOIUrl":"https://doi.org/10.2139/ssrn.2035334","url":null,"abstract":"This paper analyzes strategic interaction between intercontinental airports, each of which levies airport charges paid by airlines and chooses its own capacity under conditions of congestion. Congestion from intercontinental flights is common across the airports since departure and arrival airports are linked one to one, while purely domestic traffic also uses each airport. The paper focuses on five questions. First, if both continents can strategically set separate airport charges for domestic and intercontinental flights, how will the outcome differ from the first-best solution? Second, how is the impact of strategic airport behavior affected by the extent of market power of the airlines serving the intercontinental market? Third, what happens if one continent has several competing intercontinental airports, each with its own regulator, while the other has a single airport and regulator? Fourth, how effective is a non-discrimination clause for airport charges, which prevents independent strategic use of the intercontinental charge? Fifth, what is the effect of higher airport operating costs on one continent (a result of security or immigration procedures) on the strategic outcome? The questions are addressed with an algebraic model and results are illustrated numerically.","PeriodicalId":348605,"journal":{"name":"Industry Specific Strategy & Policy eJournal","volume":"61 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133639233","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}