The role of second-tier exchange in corporate valuation: Evidence from Korea

2021 ◽  
Author(s):  
Heejung Choi ◽  
Dong Wook Lee
Keyword(s):  
Corporate Valuation ◽  
Second Tier

The Role of Second‐Tier Exchange in Corporate Valuation: Evidence from Korea *

2021 ◽  
Author(s):  
Heejung Choi ◽  
Dong Wook Lee
Keyword(s):  
Corporate Valuation ◽  
Second Tier

Strategies and Outcomes in the Two Sectors of the Japanese Shipbuilding Industry

2001 ◽  
Vol 17 (03) ◽  
pp. 174-182
Author(s):  
Philip C. Koenig ◽  
Hitoshi Narita ◽  
Koichi Baba
Keyword(s):  
Business Strategy ◽  
Technological Development ◽  
Competitive Environment ◽  
Corporate Structure ◽  
Shipbuilding Industry ◽  
Second Tier ◽  
Two Sectors

The Japanese ocean-going shipbuilding industry has evolved into two distinct sectors and today's second tier or medium-sized firms build close to half the nation's output of large ocean-going vessels. Many vessels recently delivered by the major and the medium-sized shipbuilders are of similar size and complexity. However, the medium-sized shipbuilding companies of Japan differ considerably from the majors in business strategy and corporate structure. To date, studies published in English on the Japanese shipbuilding industry have focused mainly on the seven major firms. In this paper Japan's medium-sized shipbuilders are introduced. Their competitive environment, operations, and strategies are compared with those of the seven major firms. The relative strengths and weaknesses of the major and medium-sized shipbuilders are considered and the role of technological development in the long-term prospects of both is discussed.

scholarly journals The Role of Extended CFTR Gene Sequencing in Newborn Screening for Cystic Fibrosis

2020 ◽  
Vol 6 (1) ◽  
pp. 23 ◽  
Author(s):  
Anne Bergougnoux ◽  
Maureen Lopez ◽  
Emmanuelle Girodon
Keyword(s):  
Cystic Fibrosis ◽  
Newborn Screening ◽  
Dna Analysis ◽  
Genetic Diseases ◽  
Major Drawback ◽  
Coding Regions ◽  
Sequencing Technologies ◽  
Second Tier ◽  
Real Challenge

There has been considerable progress in the implementation of newborn screening (NBS) programs for cystic fibrosis (CF), with DNA analysis being part of an increasing number of strategies. Thanks to advances in genomic sequencing technologies, CFTR-extended genetic analysis (EGA) by sequencing its coding regions has become affordable and has already been included as part of a limited number of core NBS programs, to the benefit of admixed populations. Based on results analysis of existing programs, the values and challenges of EGA are reviewed in the perspective of its implementation on a larger scale. Sensitivity would be increased at best by using EGA as a second tier, but this could be at the expense of positive predictive value, which improves, however, if EGA is applied after testing a variant panel. The increased detection of babies with an inconclusive diagnosis has proved to be a major drawback in programs using EGA. The lack of knowledge on pathogenicity and penetrance associated with numerous variants hinders the introduction of EGA as a second tier, but EGA with filtering for all known CF variants with full penetrance could be a solution. The issue of incomplete knowledge is a real challenge in terms of the implemention of NBS extended to many genetic diseases.

Overcoming Stakeholder Barriers in the Automotive Industry: Building to Order with Extra-Organizational Systems

2003 ◽  
Vol 18 (1) ◽  
pp. 27-43 ◽  
Author(s):  
Mickey Howard ◽  
Richard Vidgen ◽  
Philip Powell
Keyword(s):  
World Wide Web ◽  
Web Services ◽  
Business Model ◽  
Automotive Industry ◽  
World Wide ◽  
Organizational Systems ◽  
Industry Dynamics ◽  
Order Model ◽  
Second Tier

The automotive industry must significantly change its outdated and unprofitable ‘sell-from-stock’ business model to a streamlined ‘build-to-order’ model. Extra-organizational systems (EOS) enable multiple firms to share industry-level systems linked by electronic portals and hubs. Successful EOS implementation requires a coordinated effort among various stakeholders including customers, dealers, vehicle manufacturers, first- and second-tier suppliers and logistics firms. However, each of these stakeholders erects different but significant structural, managerial, user and technical barriers to EOS. This paper analyses these stakeholder barriers and prescribes how they must be managed in order to implement EOS successfully. Three recommendations raise concern over (1) the differentiation between EOS and inter-organizational systems, (2) industry dynamics, particularly the role of suppliers and customers and (3) supply topology, i.e. the importance of World Wide Web services and standards in creating electronic markets.

scholarly journals Present Situation of the Disaster Area's Economy from the Point of View of Investment?Savings Balance and Role of Second-Tier Cities

2019 ◽  
Vol 8 (1) ◽  
pp. 20-27
Author(s):  
Yuichi HONJO ◽  
Yoshimasa KATO
Keyword(s):  
Present Situation ◽  
Point Of View ◽  
Second Tier

scholarly journals New-build gentrification in the post-socialist city: Łódź and Leipzig two decades after socialism

Geografie ◽  
2015 ◽  
Vol 120 (2) ◽  
pp. 164-187 ◽  
Author(s):  
Andrej Holm ◽  
Szymon Marcińczak ◽  
Agnieszka Ogrodowczyk
Keyword(s):  
Spatial Patterns ◽  
Social Consequences ◽  
International Studies ◽  
International Debate ◽  
Institutional Contexts ◽  
Second Tier ◽  
Compare And Contrast

This contribution focuses on the role of new-build gentrification in the socio-spatial re-differentiation of shrinking second-tier post-socialist cities in Germany and Poland, countries that differ in terms of the pace and character of post-socialist transition. Our main goal is to compare and contrast the unfolding of new-build gentrification in different post-socialist settings with the examples of new-build gentrification known from international studies that mostly cover “Western” cities. One of the main findings of our study is that the tempo and scale of new-build gentrification is sensitive to the pace of post-socialist transformations and to institutional contexts. Regarding the international debate on newbuild gentrification, our findings from Łódź and Leipzig highlight a rather distinctive mode of the process. Despite the undeniable similarities with the spatial patterns detected by previous studies illustrating the “Western” contexts, the new-build gentrification detected in our case cities points to different economic roots as well as specific social consequences. Irrespective of identified differences between Leipzig and Łódź, the new-build gentrification appears to be economically independent from the former (other) forms of gentrification and its dynamics.

Impacts of Mobile Use on Third Agers in China

2019 ◽  
pp. 20-36
Author(s):  
Chen Guo ◽  
Michael Keane ◽  
Katie Ellis
Keyword(s):  
Digital Technology ◽  
Transition Period ◽  
Mobile Apps ◽  
Henan Province ◽  
Smart Phones ◽  
Retirement Age ◽  
Third Age ◽  
Second Tier ◽  
China Today

The chapter explores the role of smart phones and mobile apps in the process of third age formation in Zhengzhou, a second-tier city in China located in central Henan province. The term ‘third age' refers to a transition period from active work to retirement. Compared with the previous generation, the demographic approaching retirement in China today is more digitally literate, although this varies accordingly in Zhengzhou, a second-tier city. The use of digital technology offers people a different kind of retirement. This study shows that an increasing number of people around retirement age (55-65) in Zhengzhou are using smart phones and apps to reimagine the possibilities of post-work lifestyles. The research asks if the use of mobile apps is changing peoples' perspectives on traditional responsibilities and peoples' expectations of retirement.

Universities and Their Communities

2002 ◽  
Author(s):  
David Ehrenfeld
Keyword(s):  
Coming Out ◽  
Research Universities ◽  
Epidemic Disease ◽  
University System ◽  
New Crops ◽  
System P ◽  
Second Tier ◽  
The Third World ◽  
The University

I received an invitation to speak to the Heinz Endowments a few years ago. This major foundation was thinking of starting a program of charitable donations to help the environment and wanted advice about how to make the best use of its money. Would I participate, the director asked, in a one-day meeting on environmental education being organized by David Orr? My topic would be the role of the university. I went, and the following is more or less what I said to Heinz. During my first years as a board member of the Educational Foundation of America, which gives grants in a number of areas, including the environment and education, I was struck by the extreme scarcity of exciting, innovative, useful proposals coming out of the major research universities: Harvard, Princeton, Stanford, Berkeley, and the like. The second-tier research universities are no better; they are all scrambling to copy the bad models ahead of them. The problems that the universities are doing little or nothing to address—either in teaching or in research—are those that we must confront if our civilization is to survive. They are materialism in our culture; the deterioration of human communities; anomie; the commercialization (privatization) of former communal functions such as health, charity, and communication; the growth imperative; exploitation of the Third World; the disintegration of agriculture; our ignorance of the ecology of disease, especially epidemic disease; the loss of important skills and knowledge; the devastating decline in the moral and cultural-intellectual education of children; the impoverishment and devaluation of language; and the turning away from environmental and human realities in favor of thin, life-sucking electronic substitutes. Far from confronting these problems, universities are increasingly allying themselves with the multinational commercial forces that are causing them. The institutions that are supposed to be generating the ideas that nourish and sustain society have abandoned this function in their quest for cash. It is typical, for example, that with all the academics working on developing and patenting new crops, the only effective mechanism for monitoring and preserving the priceless and rapidly dwindling stock of existing crops in North America and Europe—the heritage of agriculture—was developed by a young farmer completely outside the university system.

scholarly journals Финансовая устойчивость банковского сектора Казахстана

2020 ◽  
pp. 124-132
Author(s):  
D. Kerimkulova ◽  
G. Alina ◽  
M. Zholamanova ◽  
Д.Д. Керимкулова ◽  
Г.Б. Алина ◽  
...  
Keyword(s):  
Financial Stability ◽  
Banking Sector ◽  
Equity Capital ◽  
Capital Adequacy ◽  
Theoretical Development ◽  
National Bank ◽  
Second Tier ◽  
Relationship Of ◽  
The Impact

Today, the banks’ financial stability remains one of the most important problems in both scientific and practical aspects. Various factors play a role in achieving financial stability. The most important of which are the adequacy and quality of equity capital, which also serves as an indicator of financial stability. Based on this, this article examines the relationship of the Bank's equity capital with indicators of financial stability. Based on the study of previously published literature, the authors show the degree of scientific and theoretical development of the problem by both domestic and foreign scientists. Based on the materials of the Kazakhstan’ second-tier banks, was conducted a statistical analysis of the domestic second-tier banks equity capital for 2014-2019. A detailed analysis of the structure, quality and capital adequacy ratios of the banking sector of Kazakhstan for a five-year period was carried out. The article also examines the impact and role of the regulator-the National Bank on the financial stability of the country's banking sector. На сегодняшний день финансовая устойчивость банков остается одной из важных проблем как в научно-теоретическом так и практическом аспекте. В достижении финансовой устойчивости играют роль различные факторы. Важными из которых являются достаточность и качество ссудного портфеля, что также служит индикатором финансовой устойчивости. Исходя из этого в данной статье рассмотрена взаимосвязь собственного капитала банка с показателями финансовой устойчивости. На основании изучения ранее изданной литературы авторы показывают степень научно-теоретической разработанности проблемы как отечественными, так и зарубежными учеными. На материалах банков второго уровня Республики Казахстан проведен статистический анализ собственного капитала отечественных банков второго уровня за 2014-2019 годы. Проведены детальный анализ структуры, качества и рассчитаны коэффициенты достаточности собственного капитала банковского сектора Казахстана за пятилетний период. В статье также рассматривается влияние и роль регулятора – Национального Банка на финансовую стабильность банковского сектора страны. На основе анализа литературы и практической ситуации обосновываются задачи и перспективы деятельности банков по стабилизации финансового состояния и повышению качества собственного капитала. Авторы также проводят аналитический обзор текущей ситуации в банковском секторе в целом, деятельности Национального банка по повышению финансовой устойчивости банковского сектора и результатов оценки качества активов.

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