Sovereign Wealth Funds

2017 ◽  
Author(s):  
Nuno Fernandes
Keyword(s):  
Research And Development ◽  
Operating Performance ◽  
High Tech ◽  
Publicly Traded ◽  
Sovereign Wealth Funds ◽  
Intensive Research ◽  
Potential Channels ◽  
Using Data ◽  
Positive Effect ◽  
Large Investment

This chapter examines investments of sovereign wealth funds (SWFs) in publicly traded firms, focusing on how these investments impact firms, and the potential channels through which their effects materialize. Using data that includes SWF holdings in 8,000 firms in 58 countries, we find that SWF investments have a positive effect on firm valuations and operating performance. The results are not driven by any particular SWF and are stronger for foreign SWF holdings. Additionally, we find evidence that after a large investment by SWFs, firms have better monitoring, expand their international operations, and are able to raise more capital as a consequence of the SWF investment. In terms of determinants of their holdings, we find that SWFs prefer large and profitable firms that enjoy significant external visibility. Additionally, they tend not to invest heavily in firms in high-tech industries or those operating in areas involving intensive research and development.

scholarly journals Big Fish, Big Pond? The Joint Effect of Formal and Informal Core/Periphery Positions on the Generation of Incremental Innovations

2020 ◽  
Vol 31 (6) ◽  
pp. 1538-1559
Author(s):  
Massimo Maoret ◽  
Marco Tortoriello ◽  
Daniela Iubatti
Keyword(s):  
Research And Development ◽  
Knowledge Sharing ◽  
Joint Effect ◽  
High Tech ◽  
Informal Knowledge ◽  
The Core ◽  
Organizational Unit ◽  
Independent Effects ◽  
Positive Effect ◽  
Development Division

In this paper, we apply a core/periphery framework to an intraorganizational context to study the interplay between formal and informal core/periphery structures. Specifically, we consider how core positions occupied by inventors in the corporate research and development division of a large multinational high-tech company affect their ability to generate incremental innovations. We theorize and empirically observe that formal and informal core positions have positive and independent effects on the generation of incremental innovations. These effects have a multiplicative impact on innovative productivity when inventors who are core in the informal knowledge-sharing network are also affiliated with a core organizational unit. We also observe, however, that the positive effect of being located at the core of both the informal and formal structures is negatively moderated by individuals’ distribution of knowledge ties when these reach outside the core of their informal knowledge-sharing network.

Evaluation of Fiscal Policy Effect of China’s Photovoltaic Industry

2018 ◽  
pp. 111-116 ◽  
Author(s):  
Gang AN ◽  
Hang WANG
Keyword(s):  
Fiscal Policy ◽  
Research And Development ◽  
Operating Performance ◽  
Fiscal Policies ◽  
Micro Data ◽  
Policy Effect ◽  
Policy Suggestions ◽  
Asset Size ◽  
The Empirical Analysis

To explore the role of fiscal policies in promoting the development of photovoltaic industry, the effects of financial subsidies on the development of China’s photovoltaic industry were analyzed by using the micro data of listed companies. The empirical analysis results in this study indicate that the fiscal policies represented by financial subsidies play a remarkable positive impetus function and financial subsidies are positively correlated with the operating performance of Photovoltaic enterprises. With larger the asset size and higher the Research and Development (R&D) investments, the operating performance of Photovoltaic enterprises is the better. Based on the above results, this study puts forward some policy suggestions on optimizing fiscal policy tools and further promoting the development of photovoltaic industry.

Peranan Ketua Pengurus dan Manajer Dalam Penyusunan dan Penerapan Laporan Keuangan Berbasis SAK ETAP Pada Koperasi di Kota Palembang

2019 ◽  
Vol 14 (2) ◽  
pp. 119
Author(s):  
Riza Syahputera ◽  
Martha Rianty
Keyword(s):  
Data Analysis ◽  
Sampling Technique ◽  
Financial Statements ◽  
Significant Positive Effect ◽  
Analysis Technique ◽  
Regression Test ◽  
Using Data ◽  
The City ◽  
Positive Effect

AbstractThis study aims to determine the effect of the role of the Chairperson and Cooperative Manager in the preparation and application of Financial Statements based on SAK ETAP in cooperatives in the city of Palembang. This research is a quantitative study using data obtained from questionnaires and measured using a Likert scale. The sampling technique used is purposive sampling. The sample used in this study was the Chairperson of the cooperative and the manager of the cooperative in the city of Palembang. The cooperatives studied were 203 cooperatives. The data analysis technique used is multiple linear regression test. The results showed that the role of cooperative leaders and managers had a significant positive effect on the preparation and application of SAK ETAP-based financial statements.Keywords : chairman, manager, SAK ETAP, cooperative

scholarly journals Determinants of Corporate Anti-Corruption Disclosure: The Case of the Emerging Economics

2021 ◽  
Vol 13 (6) ◽  
pp. 3462
Author(s):  
Maider Aldaz Odriozola ◽  
Igor Álvarez Etxeberria
Keyword(s):  
Empirical Studies ◽  
Geographical Area ◽  
Control Variable ◽  
Emerging Countries ◽  
Point Of View ◽  
Press Freedom ◽  
Negative Effects ◽  
Key Factor ◽  
Using Data ◽  
Positive Effect

Corruption is a key factor that affects countries’ development, with emerging countries being a geographical area in which it tends to generate greater negative effects. However, few empirical studies analyze corruption from the point of view of disclosure by companies in this relevant geographical area. Based on a regression analysis using data from the 96 large companies from 15 emerging countries included in the 2016 International Transparency Report, this paper seeks to understand what determinants affect such disclosure. In that context, this paper provides empirical evidence to understand the factors that influence reporting on anti-corruption mechanisms in an area of high economic importance that has been little studied to date, pointing to the positive effect of press freedom in a country where the company is located and with the industry being the unique control variable that strengthens this relationship.

scholarly journals The Measurement of Innovation Efficiency of Chinese High-tech Industry Using Data Envelopment Analysis

2015 ◽  
Vol 65 (s2) ◽  
pp. 101-113 ◽  
Author(s):  
Ling Jiang ◽  
Yunyu Jiang ◽  
Zhijun Wu ◽  
Dongsheng Liao ◽  
Runfa Xu
Keyword(s):  
Data Envelopment Analysis ◽  
Technical Efficiency ◽  
Environmental Variables ◽  
Scale Efficiency ◽  
High Tech ◽  
Data Envelopment ◽  
High Tech Industry ◽  
Economic Competitiveness ◽  
Development Level ◽  
Using Data

In the era of knowledge economy, a country’s economic competitiveness depends largely on the development level of high-tech industry. This paper evaluates the efficiency of China’s high-tech industry in 31 provinces in 2012 with data envelopment analysis. The empirical results are summarized as following. Firstly, when the effects of exogenous environmental variables are not controlled, the comprehensive technical efficiency of 31 provinces will be overestimated, the pure technical efficiency will be underestimated, and the scale efficiency value will be overestimated. Secondly, after eliminating the environmental impact, the comprehensive technical efficiency of 31 provinces with the average of 0.395 is rather low, due to the low scale efficiency.

PENGARUH KUALITAS PELAYANAN, KUALITAS PRODUK DAN KEPERCAYAAN TERHADAP LOYALITAS PELANGGAN AROMANIA PARFUMERY DI KOTA BENGKULU

2021 ◽  
Vol 4 (1) ◽  
Author(s):  
Sri Ekowati ◽  
Selamat Riyadi
Keyword(s):  
Service Quality ◽  
Product Quality ◽  
Customer Loyalty ◽  
Hypothesis Test ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Quality Product ◽  
Using Data ◽  
Positive Effect

ABSTRACTThis study aims to determine the effect of service quality, product quality and  trust on customer loyalty aromania parfumery Bengkulu. This type of research is a survey research with a quantitative approach, the object of this research is the consumers in Aromania parfumery, which is precisely located on Jl. Kapuas Raya, Lingkar Barat, Kec. Gading Cempaka, Bengkulu City. with the sampling method, namely non-propability technique, namely insidential sampling technique. The number of respondents in this study were 105 people. The data collection method used a questionnaire. By using data analysis techniques using Multiple Linear Regression Analysis Test, and Hypothesis Test, namely test t and test f. The results of this study can be concluded that the variable service quality Aromania parfumery has a positive effect on customer loyalty, product quality has a positive effect on customer loyalty, and trust has a positive effect on customer loyalty.Keywords: Service Quality, Product Quality, Customer Trust and Loyalty.

Faktor-Faktor Yang Mempengaruhi Permintaan Daging Sapi Di Kota Pematangsiantar

2020 ◽  
Vol 2 (2) ◽  
pp. 86-94
Author(s):  
Wahyunita Sitinjak ◽  
Juwita Asyia Tanjung
Keyword(s):  
Survey Methods ◽  
Descriptive Analysis ◽  
Multiple Linear Regression Model ◽  
Beef Industry ◽  
Independent Variables ◽  
Analysis Methods ◽  
Beef Demand ◽  
Using Data ◽  
Beef Prices ◽  
Positive Effect

Penelitian ini bertujuan untuk mengetahui perilaku responden sebagai konsumen rumah tangga daging sapi di Kota Pematangsiantar, untuk mengetahui perilaku industri daging sapi di Kota Pematangsiantar serta untuk menganalisis faktor-faktor permintaan daging sapi di Kota Pematangsiantar. Tujuan peneliti 1 dan 2 menggunakan metode survey dan metode analisis deskriptif, Tujuan peneliti yang ke 3 menggunakan  Metode analisis data yang digunakan adalah model regresi linier berganda yang diolah dengan program SPSS 22 dengan penguji hipotesis yang terdiri dari koefisien (R2 ), uji F dan uji t. Hasil Penelitian menujukkan bahwa Harga daging sapi, harga daging kambing, dan pendapatan konsumen mampu menjelaskan variabel permintaan sebesar 80,2%. Sedangkan sisanya sebesar 19,8% dijelaskan oleh variabel lain yang tidak disertakan pada persamaan. secara parsial dari ketiga variabel bebas (independent) terdapat dua variabel (harga daging sapi dan harga daging kambing) berpengaruh tidak nyata dan positif terhadap permintaan. Variabel pendapatan konsumen berpengaruh nyata dan positif artinya bahwa setiap penambahan satuan pendapatan konsumen akan menambah permintaan daging sapi.   ABSTRACT This study aims to determine the behavior of respondents as consumers of beef households in Pematangsiantar City, to determine the behavior of the beef industry in Pematangsiantar City and to analyze the factors of beef demand in Pematangsiantar City. Researchers goals 1 and 2 use survey methods and descriptive analysis methods, Researchers aim 3 using data analysis methods used is a multiple linear regression model that is processed with the SPSS 22 program with hypothesis testing consisting of coefficients (R2), F test and t test. The results showed that the price of beef, goat meat prices, and consumer income is able to explain the demand variable of 80.2%. While the remaining 19.8% is explained by other variables not included in the equation. partially from the three independent variables, there are two variables (beef prices and mutton prices) that have no significant and positive effect on demand. The variable of consumer income has a significant and positive effect, meaning that each additional unit of consumer income will increase beef demand.

BRICS Countries Possible Areas for Scientific Cooperation

2015 ◽  
pp. 14-23
Author(s):  
I. Dezhina
Keyword(s):  
Research And Development ◽  
New Technologies ◽  
Technological Development ◽  
High Tech ◽  
Preliminary Evaluation ◽  
Exploratory Research ◽  
Scientific Cooperation ◽  
Brics Countries ◽  
The World ◽  
A Share

The article evaluates science sectors and effectiveness of scientific research in the countries forming the BRICS group, as well as the current state of scientific and technological cooperation among the group members. The science sectors of the countries under consideration differ markedly, while facing similar problems relating to government regulations and external environments. The differences exist in total expenditures on research and development (as a share of GNP), in the scope of governmental funding (large in Russia and India, but small in China), and in the distribution of allocations among various areas and types of R&D activities. China appears to have the most well-adjusted science sector among the BRICS members. It includes not only strong universities but also high-tech companies that invest actively into research and development. The overall impact (inferred from citation indexes) of fundamental and exploratory research performed in BRICS countries remains low. BRICS's scientists prefer to collaborate with their colleagues from the world-leading countries rather than with their fellows from BRICS. Yet, in contrast to the world trend, in all BRICS countries, except Russia, a share of internationally co-authored publications is now decreasing. BRICS members have more similar interests and priorities in technological development, including infrastructural and large technological projects, than in science. Currently, bilateral cooperation in technology prevails, while the projects involving all members of the group still remain at the stage of preliminary evaluation and discussion. Russia cooperates most closely with China and India, including joint projects in such high-priority directions as new materials, photonics, biomedical, space and information technologies. For Russia, cooperation in technological development appears to be of most interest because it can lead not only to introduction of new technologies but also help to create large Russian innovative companies. Development of successful multilateral cooperation in science and technology among the BRICS members is the key for this group, originally formed for geopolitical reasons, to evolve into an effective economic union.

scholarly journals COMPARISON BETWEEN BRAZIL AND THE 30 MOST INNOVATIVE COUNTRIES IN THE WORLD

2018 ◽  
Vol 9 (1) ◽  
pp. 85 ◽  
Author(s):  
Marisa Moser ◽  
Mauri Aparecido de Oliveira
Keyword(s):  
Cluster Analysis ◽  
Research And Development ◽  
Stock Exchange ◽  
High Tech ◽  
Business Practices ◽  
Social Variables ◽  
External Relations ◽  
Historical Series ◽  
Workplace Organization ◽  
The World

Innovation can be defined as the implementation of a new or significantly improved product (good or service), or a process, a new marketing method, a new organizational  method in business practices, workplace organization, or external relations. This innovation can be measured by several factors such as investments in research and development, the concentration of high-tech companies traded on the stock exchange, among others. The present study aims to perform a cluster analysis to investigate the behavior of the most innovative countries when compared to Brazil. The study contemplates a historical series from the years 2012 to 2015 of the 30 most innovative countries in the world having been added to Brazil. In addition, a series of macroeconomic, political and social variables.

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