{"title":"The Global Innovation Policy Index 2012","authors":"R. Atkinson, Stephen Ezell, L. A. Stewart","doi":"10.2139/SSRN.2018524","DOIUrl":"https://doi.org/10.2139/SSRN.2018524","url":null,"abstract":"The Policy Index assesses 55 countries against 84 indicators grouped across seven core innovation policy areas: 1) trade and foreign direct investment; 2) science and RD 3) domestic market competition; 4) intellectual property rights; 5) information technology; 6) government procurement; and 7) high-skill immigration.The Index ranks countries as either upper tier, upper-mid tier, lower-mid tier or lower tier on each of the seven policy areas and overall, and highlights best practices in policy development among these countries that other nations can learn from. Only Canada and Singapore placed in the upper tier on all seven innovation policy indicators, while the United States placed in the top tier in every category except openness to high-skill immigration. The report ranks 18 countries as upper tier, 15 as upper-mid tier, 13 as lower-mid tier, and nine as lower tier in innovation policy.Released by the Information Technology and Innovation Foundation (ITIF) and the Kauffman Foundation.","PeriodicalId":348605,"journal":{"name":"Industry Specific Strategy & Policy eJournal","volume":"6 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":"123703471","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}
D. Allen, A. Kramadibrata, R. Powell, Abhay K. Singh
{"title":"Optimising a Mining Portfolio Using CVaR","authors":"D. Allen, A. Kramadibrata, R. Powell, Abhay K. Singh","doi":"10.2139/ssrn.1967312","DOIUrl":"https://doi.org/10.2139/ssrn.1967312","url":null,"abstract":"The mining industry can be extremely volatile during times of economic downturn. We compare extreme risk in mining share portfolios from each of the worldAs seven leading mining areas using Conditional Value at Risk (CVaR) which measures those risks beyond traditional Value at Risk (VaR) metrics. We also show how CVaR can be used to optimise portfolios and minimise extreme risk. We find significant differences between countries in CVaR as compared to standard deviation risk rankings, as well as differences in portfolios optimised using CVaR compared to portfolios using traditional variance methodology. This indicates that investors will not adequately minimise risk using traditional approaches.Classification-JEL:","PeriodicalId":348605,"journal":{"name":"Industry Specific Strategy & Policy eJournal","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124302520","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":"Asymmetric Demand Effects and Cost Pass-Through","authors":"A. Alexandrov, Özlem Bedre-Defolie","doi":"10.2139/ssrn.1788765","DOIUrl":"https://doi.org/10.2139/ssrn.1788765","url":null,"abstract":"We build a model to analyze the cost (wholesale price) pass-through incentives of a retailer selling two products. The products, `leader' and `follower,' are such that the leader's price affects the follower's demand, but not vice versa. These products could be in different categories, such as a featured soft drink and chewing gum near the register, or they could be in the same category, such as a national brand and a generic alternative. In each case, we find that the retailer has stronger incentives to pass-through trade deals to consumers on the leader product, and weaker incentives to pass-through on the follower product. We outline the intuition of these results and show that the incentive to pass-through on the leader product increases with retail competition. We show that in the monopoly case with linear demand, the pass-through rates add up to one, with the leader's being larger, and that higher demand elasticity due to peak demand reduces the difference between the pass-through incentives associated with each type of product, resulting in more similar pass-through rates. In the duopoly case with linear demand, competition increases the pass-through rate of the leader, decreases the pass-through rate of the follower, and makes the sum of the pass-through rates larger than one.","PeriodicalId":348605,"journal":{"name":"Industry Specific Strategy & Policy eJournal","volume":"88 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127891148","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 Role of RBC, Hurricane Exposure, Bond Portfolio Duration, and Macroeconomic and Industry-Wide Factors in Property-Liability Insolvency Prediction","authors":"Jiang Cheng, Mary A. Weiss","doi":"10.2139/ssrn.1898631","DOIUrl":"https://doi.org/10.2139/ssrn.1898631","url":null,"abstract":"This research analyzes the performance of the Risk-Based Capital (RBC) ratio and other variables in predicting insolvencies in the property-liability insurance industry during the period 1994 to 2008. This research contributes to the literature by analyzing a longer period of time than previous research, testing timely variables such as exposure to hurricane prone areas and testing the role of macroeconomic and industry-wide variables in property-liability insurer insolvencies. The results indicate that the accuracy of the RBC ratio in predicting insolvencies is inconsistent over time and that some previously tested financial ratios that are part of the Financial Analysis Solvency Tools system do not always reliably predict insurer insolvency. In addition, the insolvency propensity is found to be significantly related to an insurer’s hurricane prone area exposure, changes in interest rates, the industry-wide combined ratio, and the industry-wide Herfindahl index of premiums written.","PeriodicalId":348605,"journal":{"name":"Industry Specific Strategy & Policy eJournal","volume":"303 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131545582","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":"Identifying the Characteristics of Banks Proprietary Trading Style","authors":"Luís Vasco Lourenço Pinheiro, Miguel A. Ferreira","doi":"10.2139/ssrn.1884167","DOIUrl":"https://doi.org/10.2139/ssrn.1884167","url":null,"abstract":"Bank’s proprietary desks and hedge funds have similar investment styles, goals and dynamics. We apply bank related factors, trend following strategies, and active managers benchmarks in order to understand the style and especially the dynamics of banks proprietary trading desks decisions. We find that bank traders are not trend followers, but are positively correlated to macro hedge funds and above all are short volatility strategies, meaning selling options (calls and puts) with bonds as the major underlying. We conclude that Asset Based Style (ABS) factors are an alternative approach for regulators and other market participants to understand banks proprietary market exposure.","PeriodicalId":348605,"journal":{"name":"Industry Specific Strategy & Policy eJournal","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114639234","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}
Y. T. Halim, Mohamed Samy Eldeeb, Emad Elwy Habib, M. Bassim
{"title":"Supply Chain Performance Evaluation Through Eva in Hospitality","authors":"Y. T. Halim, Mohamed Samy Eldeeb, Emad Elwy Habib, M. Bassim","doi":"10.2139/ssrn.1874931","DOIUrl":"https://doi.org/10.2139/ssrn.1874931","url":null,"abstract":"Hospitality industry operates their businesses in an increasingly changeable and unpredictable environment, where competition assumes a global scale; that requires the generation of new ideas, tools and methods. In this paper we propose a model to help hotels measure and evaluate the performance of their supply chains components. Applying both tangible and intangible assets measurements and also measuring supply chain components performance internally and externally. The proposed model develops an enhancement for maximizing shareholders value creation through measuring and evaluating the supply chain components performance, targeting customers’ satisfaction.","PeriodicalId":348605,"journal":{"name":"Industry Specific Strategy & Policy eJournal","volume":"64 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116944546","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":"Special Events - An Industry","authors":"M. Hriscu","doi":"10.2139/ssrn.1858104","DOIUrl":"https://doi.org/10.2139/ssrn.1858104","url":null,"abstract":"The evolution of special events into a free-standing industry is a debatable statement in the academic field literature. From this perspective, the article tries to offer legitimacy to special events industry concept through its framing and argumentative explanation in the economic theoretical context.","PeriodicalId":348605,"journal":{"name":"Industry Specific Strategy & Policy eJournal","volume":"61 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127488139","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}
Hugo Alberto Rivera Rodríguez, Gina I. Barreto, Andrea C. Rendon, A. Sánchez
{"title":"Turbulencia Empresarial en Colombia: Sector de Materias Primas Químicas 2001-2009 (Turbulence Business Environment: Row Material for Chemical Industry Sector)","authors":"Hugo Alberto Rivera Rodríguez, Gina I. Barreto, Andrea C. Rendon, A. Sánchez","doi":"10.2139/SSRN.1836516","DOIUrl":"https://doi.org/10.2139/SSRN.1836516","url":null,"abstract":"In the past five years, companies have been confronted with an environment principally by the presence uncertainty, dynamism and complexity. Uncertainty evident when making decisions, without being able to have certainty about what can happen to the company, the dynamic look is accomplished by the permanent change in the customer needs and the emergence of new products, which causes increased competition for price, and the complexity can be identified in the emergence of new actors that must interact to conduct a transaction. Many companies have failed to address this situation in the best way, which has led them to present financial problems. One reason is the lack of perception environment.This paper uses the study of the row material for chemical industry using a quantitative overcrowding, overcrowding qualitative analysis performance, competitive landscape, competitive study, called the sector sustainable potential growth, erosion rates and market forces.","PeriodicalId":348605,"journal":{"name":"Industry Specific Strategy & Policy eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129398133","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":"Quality Management of Internet Banking Services","authors":"Jean-Michel Sahut","doi":"10.2139/ssrn.1755497","DOIUrl":"https://doi.org/10.2139/ssrn.1755497","url":null,"abstract":"Quality Function Deployment (QFD) is a product and service design technique primarily oriented to deliver the ‘voice of the customer’ throughout every single planning and design activity. QFD was successfully applied in almost every manufacturing industry, methodologically adapted and employed in the service industries and software development too. The electronic product and service delivery is nowadays a necessary part of a business strategy. By increasing the competitive pressure the electronic environment makes the service providers ‘listen’ to the voice of the customer more carefully, to refine it and deliver high quality products and services. This paper demonstrates the QFD application to Internet banking services, which led us to study the quality of online banking from both the customer’s and the provider’s perspective. It outlines the links between quality, quality management tools and Internet banking and discusses the complexity of a quality management system for electronic banking.","PeriodicalId":348605,"journal":{"name":"Industry Specific Strategy & Policy eJournal","volume":"70 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127638824","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 Control and Generation of Technology in European Food and Beverage Multinationals","authors":"Catalina Martínez, R. Rama","doi":"10.2139/ssrn.1743956","DOIUrl":"https://doi.org/10.2139/ssrn.1743956","url":null,"abstract":"Using a sample of 59 major European food and beverage multinationals and their 8,432 subsidiaries worldwide, we study the characteristics and evolution over time of their inventions. In doing so, we analyse: i) 8,626 EPO applications filed by these companies between 1978 and 2005; ii) 3,650 US patents they applied for between 1978 and 2001; iii) more than 2,000 patent families of three different kinds; and iv) the location of their RD however, such companies do not display a geographical preference with regard to high value or technically complex innovations, which are generated at home and abroad and inside and outside the EU. From these findings we extract conclusions relevant to European R&D policy.","PeriodicalId":348605,"journal":{"name":"Industry Specific Strategy & Policy eJournal","volume":"61 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127209318","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}