Effects of functional focus on bounded momentum: Examining firm- and industry-level alliances

2017 ◽  
Vol 16 (2) ◽  
pp. 167-191 ◽  
Author(s):  
Namgyoo K. Park ◽  
Xavier Martin ◽  
Jinju Lee ◽  
John M. Mezias
Keyword(s):  
Functional Type ◽  
Cross Border ◽  
Industry Level ◽  
International Airlines ◽  
Specific Momentum ◽  
Shaped Pattern ◽  
Cross Type

Building on strategic momentum and alliance studies, we theoretically explain and test the non-monotonicity of the alliance momentum of same- or cross-functional-type alliances. We theorize about critical drivers that generate bounded momentum and further argue whether function-specific momentum occurs sequentially or simultaneously. We examine cross-border alliances of 32 international airlines from 1945 to 1994 and find that the inverted U-shaped pattern of alliance momentum holds for same-type but not for cross-type alliances at both the firm and industry levels. These findings imply that alliance momentum with a specific functional focus evolves sequentially rather than simultaneously.

28. Insolvency

2017 ◽  
Author(s):  
MA Clarke ◽  
RJA Hooley ◽  
RJC Munday ◽  
LS Sealy ◽  
AM Tettenborn ◽  
...  
Keyword(s):  
Historical Background ◽  
Insolvency Law ◽  
Cross Border ◽  
Corporate Insolvency ◽  
The Cross ◽  
International Airlines

This chapter deals with insolvency and the principles of insolvency law. It begins with a brief historical background on the evolution of insolvency law, from the Bankruptcy Acts of 1883 and 1914 to the Insolvency Act 1986 and its amended versions, along with the Cross-Border Insolvency Regulations 2006. It then considers the basic objectives of insolvency law as it relates to the bankruptcy of individuals and to corporate insolvency. In particular, it highlights the importance of the pari passu principle, as illustrated by the case British Eagle International Airlines Ltd v Cie Nationale Air France (1975). The chapter goes on to discuss the various definitions of insolvency before concluding with an overview of insolvency procedures for both individual insolvency and corporate insolvency.

6. Bank Insolvency and Resolution

2018 ◽  
Author(s):  
Ross Cranston ◽  
Emilios Avgouleas ◽  
Kristin van Zweiten ◽  
Theodor van Sante ◽  
Christoper Hare
Keyword(s):  
Special Treatment ◽  
Regulatory Regime ◽  
Cross Border ◽  
Industry Level ◽  
Bank Resolution ◽  
Domestic Level

Banks can become distressed for a range of reasons, just like other firms. These reasons may be internal to the distressed bank (e.g. risky lending practices) or external to it (both at industry level and at the macroeconomic level), or both. Distressed banks, however, are not always subject to the same regulatory regime that governs the treatment of distress in other kinds of firms. Banks have special characteristics and this has led to the special treatment, which is explored in this chapter. The discussions cover the justification for special treatment, special resolution regimes, bank resolution regimes at domestic level, and cross-border complexities.

scholarly journals The evolution of the concept of supervision over bank activities against the background of experiences of selected European countries

2018 ◽  
Vol 22 (2) ◽  
pp. 5-9
Author(s):  
Michał CHAJDA
Keyword(s):  
European Countries ◽  
Legal Issue ◽  
Functional Type ◽  
Institutional Type ◽  
Banking Supervision ◽  
Optimal Model ◽  
Cross Border ◽  
German Legislation ◽  
The Subject ◽  
Recent Financial Crisis

The subject of considerations is the legal issue of the optimal model of supervision over the functioning of credit institutions. Normative regulation models in selected European countries have been presented with particular reference to the solutions applied in German legislation. Two basic banking supervision systems were identified: institutional type and functional type. Institutional type supervision is exercised by one supervisory institution which deals with irregularities in the functioning of all entities performing bank activities. It has been adopted in Switzerland and in Poland. In this system, the supervision is entrusted to one entity. Functional supervision is exercised, by several supervisory institutions acting jointly, each has their unique statutory competences. The experience of the recent financial crisis indicates a greater effectiveness of the first type of supervision and the need to deepen further the cooperation between national supervision in cross-border activities.

scholarly journals Putting the Parts Together: Trade, Vertical Linkages, and Business Cycle Comovement

2010 ◽  
Vol 2 (2) ◽  
pp. 95-124 ◽  
Author(s):  
Julian di Giovanni ◽  
Andrei A Levchenko
Keyword(s):  
International Trade ◽  
Business Cycle ◽  
Bilateral Trade ◽  
Intermediate Inputs ◽  
Cross Border ◽  
Industry Level ◽  
Vertical Linkages ◽  
Cross Country ◽  
The Business Cycle ◽  
Total Impact

Countries that trade more with each other exhibit higher business cycle correlation. This paper examines the mechanisms underlying this relationship using a large cross-country, industry-level panel dataset of manufacturing production and trade. We show that sector pairs that experience more bilateral trade exhibit stronger comovement. Vertical linkages in production are an important explanation behind this effect: bilateral international trade increases comovement significantly more in cross-border industry pairs that use each other as intermediate inputs. Our estimates imply that these vertical production linkages account for some 30 percent of the total impact of bilateral trade on the business cycle correlation. (JEL E32, F14, F43)

High prevalence of functional type IV secretion system for CagA protein in Japanese clinical Helicobacter pylori

2001 ◽  
Vol 120 (5) ◽  
pp. A652-A653
Author(s):  
Y HIRATA ◽  
S MAEDA ◽  
Y MITUNO ◽  
M AKANUMA ◽  
T KAWABE ◽  
...  
Keyword(s):  
Helicobacter Pylori ◽  
Secretion System ◽  
Type Iv Secretion ◽  
Type Iv Secretion System ◽  
Functional Type ◽  
Caga Protein ◽  
Type Iv ◽  
High Prevalence

Modeling of a sensitive element on a planar mushroom-shaped metamaterial for non-destructive testing and searching for inhomogeneities in technological media

2020 ◽  
pp. 54-59
Author(s):  
A. A. Yelizarov ◽  
A. A. Skuridin ◽  
E. A. Zakirova
Keyword(s):  
Sensitive Element ◽  
Non Destructive Testing ◽  
Destructive Testing ◽  
Resonant Frequency Shift ◽  
Maltese Cross ◽  
Informative Parameters ◽  
Non Destructive ◽  
Cross Type ◽  
Electrodynamic Structure ◽  
Electrophysical Parameters

A computer model and the results of a numerical experiment for a sensitive element on a planar mushroom-shaped metamaterial with cells of the “Maltese cross” type are presented. The proposed electrodynamic structure is shown to be applicable for nondestructive testing of geometric and electrophysical parameters of technological media, as well as searching for inhomogeneities in them. Resonant frequency shift and change of the attenuation coefficient value of the structure serve as informative parameters.

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