Proprietary information

2020 ◽  
pp. 489-491
Author(s):  
John J. Fay
Keyword(s):  
Proprietary Information

Proprietary information and the cost of bank debt

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
HyunJun Na
Keyword(s):  
Least Square ◽  
Bank Loan ◽  
Content Type ◽  
Loan Contracts ◽  
Proprietary Information ◽  
Banking Deregulation ◽  
Interstate Banking ◽  
Innovative Firms ◽  
Bank Loan Contracts ◽  
The Impact

PurposeThis study explores how the firm’s proprietary information has an impact on the bank loan contracts. It explains the propensity of using the competitive bid option (CBO) in the syndicate loans to solicit the best bid for innovative firms and how it changes based on industry competition and the degree of innovations. This research also examines how the interstate banking deregulation (Interstate Banking and Branching Efficiency Act) in 1994 affected the private loan contracts for innovative borrowers.Design/methodology/approachThe study uses various econometric analyses. First, it uses the propensity score matching analysis to see the impact of patents on pricing terms. Second, it uses the two-stage least square (2SLS) analysis by implementing the litigation and non-NYSE variables. Finally, it studies the impact of the policy change of the Interstate Banking and Branching Efficiency Act of 1994 on the bank loan contracts.FindingsFirms with more proprietary information pays more annual facility fees but less other fees. The patents are the primary determinants of the usage of CBO in the syndicate loans to solicit the best bid. While innovative firms can have better contract conditions by the CBO, firms with more proprietary information will less likely to use the CBO option to minimize the leakage of private information and the severe monitoring from the banks. Finally, more proprietary information lowered the loan spread for firms dependent on the external capital after the interstate banking deregulation.Originality/valueThe findings of this research will help senior executives with responsibility for financing their innovative projects. In addition, these findings should prove helpful for the lawmakers to boost economies.

Ambiguous Customer Identity Disclosure and the Cost of Equity Capital

2017 ◽  
Vol 20 (03) ◽  
pp. 1750021 ◽  
Author(s):  
Hsin-Yi Yu ◽  
Li-Wen Chen
Keyword(s):  
Information Asymmetry ◽  
Market Competition ◽  
Equity Capital ◽  
Cost Of Equity Capital ◽  
Cost Of Equity ◽  
Proprietary Information ◽  
Customer Information ◽  
Identity Disclosure ◽  
The Cost ◽  
Proprietary Cost

In deciding how much customer information to disclose, managers face a tradeoff between the benefits of reducing information asymmetry and the losses of revealing proprietary information. This paper investigates which factors affect the level of ambiguous customer identity disclosure and whether such ambiguous disclosure affects the cost of equity capital. The empirical evidence shows that the proprietary cost is a crucial factor in ambiguous customer identity disclosure. Firms with a higher level of ambiguous customer identity disclosure generate a higher cost of equity capital. Moreover, the higher cost of equity capital is concentrated among firms under imperfect market competition.

Caveat Emptor: The Role of Suboptimal Bronchoscope Repair Practices by a Third-Party Vendor in a Pseudo-Outbreak ofPseudomonasin Bronchoalveolar Lavage Specimens

2012 ◽  
Vol 33 (3) ◽  
pp. 224-229 ◽  
Author(s):  
Sara E. Cosgrove ◽  
Polly Ristaino ◽  
Anne Caston-Gaa ◽  
Donna P. Fellerman ◽  
Elaine F. Nowakowski ◽  
...  
Keyword(s):  
Bronchoalveolar Lavage ◽  
Medical Records ◽  
Tertiary Care ◽  
Clinical Signs ◽  
Third Party ◽  
Healthcare Personnel ◽  
Care Hospital ◽  
Caveat Emptor ◽  
Proprietary Information

Objective.To describe a pseudo-outbreak associated with loose bronchoscope biopsy ports caused by inadequate bronchoscope repair practices by third-party vendors and to alert healthcare personnel to assess bronchoscope repair practices.Design.Outbreak investigation.Setting.A 925-bed tertiary care hospital in Baltimore, Maryland.Patients.Patients who underwent bronchoscopy with certain bronchoscopes after they had been repaired by a third-party vendor.Methods.An epidemiologic investigation was conducted to determine the cause ofPseudomonas putidagrowth in 4 bronchoalveolar lavage (BAL) specimens within a 3-day period in May 2008. All bronchoscopes were inspected, and cultures were obtained from bronchoscopes and the environment. Bronchoscope cleaning and maintenance practices were reviewed. Microbiologic results from BAL specimens and medical records were reviewed to find additional cases.Results.All 4 case patients had undergone bronchoscopy with one of 2 bronchoscopes, both of which had loose biopsy ports. Bronchoscope cultures grewP. putida, Pseudomonas aeruginosa,andStenotrophomonas.TheP. putidastrains from the bronchoscopes matched those from the patients. Specimens from 12 additional patients who underwent bronchoscopy with these bronchoscopes grewP. putida, P. aeruginosa,orStenotrophomonas.No patients developed clinical signs or symptoms of infection, but 7 were treated with antibiotics. Investigation revealed that the implicated bronchoscopes had been sent to an external vendor for repair; examination by the manufacturer revealed irregularities in repairs and nonstandard part replacements.Conclusions.Third-party vendors without access to proprietary information may contribute to mechanical malfunction of medical devices, which can lead to contamination and incomplete disinfection.Infect Control Hosp Epidemiol2012;33(3):224-229

Confidential and Proprietary Information

2014 ◽  
pp. 503-538 ◽  
Author(s):  
Marilyn Chimes ◽  
Priya Sankar
Keyword(s):  
Proprietary Information

COMMENTARY: Beyond the Black Box Revisited: Algorithmic Trading and TCA Analysis Using Excel

2018 ◽  
Keyword(s):  
Decision Process ◽  
Investment Decision ◽  
Black Box ◽  
Third Party ◽  
Algorithmic Trading ◽  
Impact Model ◽  
Market Impact ◽  
Proprietary Information ◽  
Analysis Techniques ◽  
Trading Decisions

In this paper we revisit techniques from “Creating Dynamic Pre-Trade Models: Beyond the Black Box” (Kissell, 2011) which was awarded The Journal of Trading’s Best Paper of the Year Award in 2011. We provide investors a pre-trade of pre-trade modeling technique that can be used to decipher broker and vendor models, and to calibrate a customized investor specific market impact model. We also provide a suite of Excel TCA Add-In functions that can incorporate investor specific market impact parameters and allow investors to perform TCA analysis on their own desktops within Excel, and with the added level of security and comfort that their investment decision process will not be reverse engineered because they do not need to upload or transmit any of their proprietary information and valuable trade information to a third-party website or API for analysis. Techniques in this paper enable investors to create their own customized TCA analyses within Excel to assist with both trading decisions and portfolio analysis and optimization.

Redacting proprietary information at the initial public offering

2016 ◽  
Vol 120 (1) ◽  
pp. 102-123 ◽  
Author(s):  
Audra L. Boone ◽  
Ioannis V. Floros ◽  
Shane A. Johnson
Keyword(s):  
Initial Public Offering ◽  
Proprietary Information ◽  
Public Offering

Effect of Knowledge Sharing and Supply Chain Management on Organizational Performance

2016 ◽  
pp. 1524-1538
Author(s):  
Korhan Arun
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Performance Measurement ◽  
Knowledge Sharing ◽  
Organizational Performance ◽  
Chain Management ◽  
Proprietary Information ◽  
Production Processes ◽  
Scor Model ◽  
Overall Performance

Low priced and attainable information technology has made it possible to connect critical and proprietary information with supply chain partners, because of ever growing size, complexity, 7/24 system ability, evolved production processes etc. need flow of knowledge continuously. The knowledge integrated in the supply chain management (SCM) systems affects both supply chain and organizational performance. But since there is no single entity on performance an effective systematically approach to performance measurement could not be established. Generally in previous studies, organizational performance hasn`t been measured within the terms of SCM but if integral unit endeavor performance can be judged by so the overall performance can be judged by its departments` efforts. So SCOR model is chosen because important supply chain characteristics and their associated interactions aren't ignored. And organizational performance is reciprocal that performance measurement is taken a system for integrating the management of supply chain and knowledge. Therefore the objectives of the study were appeared to be correlation levels and relationships between knowledge sharing, SCM and organizational performance. This study is unique in terms of the dimensions that are being investigated in Turkey. While there are studies on SCM and knowledge sharing, each examined alone, this study tried to undercover the relationships between these two terms.

Towards Ambient Business

2011 ◽  
pp. 251-279 ◽  
Author(s):  
Christian Schmitt ◽  
Detlef Schoder ◽  
Kai Fischbach ◽  
Steffen Muhle
Keyword(s):  
Ubiquitous Computing ◽  
Open Innovation ◽  
Service Providers ◽  
Open Approach ◽  
Business Services ◽  
Proprietary Information ◽  
Customer Interaction ◽  
Shopping Environments ◽  
Smart Service ◽  
The Impact

Ubiquitous computing enables the development of new innovative applications and services. Particularly influential on future business services will be the connection of the real with the virtual world by embedding computers or smallest processors, memory chips, and sensors into the environment and into physical objects, as well as using natural, multimodal customer interaction. Bearing in mind that ubiquitous computing entails the interaction of mobile smart objects and local smart environments hosted by different service providers, we propose an open approach to encourage the development of new and innovative smart applications and services. Considering the Open Source community, we assert that such an open approach reveals innovation potentials that cannot be achieved in proprietary information system environments. Most research projects, as well as commercial initiatives, however, focus mainly on specific, proprietary applications like smart shopping environments, and do not incorporate further prospects of using an open approach. Therefore, this chapter discusses as a first step the impact of Open Innovation in a world of ubiquitous computing from an economic perspective. Then, the design of an Open Object Information Infrastructure (OOII) that enables Open Innovation in the context of ubiquitous computing is presented. Finally, an innovative smart service called the Federative Library (FedLib), which represents a first instantiation of the OOII, is introduced to demonstrate the feasibility of the design.

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