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November 2012 (World Review of Business Research)

November

2012

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September 2016
November 2012 (World Review of Business Research)

Total Articles - 9

Pages 1 – 25

Author: Chia-Hua Chang

Because of the ever increasing demand of the lower power consumption, lower cost and higher performance in consumer electronic industry, the Moore’s Law almost came to its end. Most of the integrated device manufacturers (IDMs) of CMOS Image Sensor (CIS), such as Sony and OmniVision, had then already put 3D IC (Three Dimensioned Integrated Circuits) applying Through Silicon Via (TSV) technology in their roadmaps to resolve the upcoming challenges. Under such manner, for helping analyze the current situation of applying 3D IC concept in CIS industries, this research proposed a novel two-level evaluation model, where the long-term strategies were structured at the top level, and their corresponding short-term tactics were constructed at the bottom. Besides, Resource Based Theory (RBT) was also applied in the proposed model to help review and evaluate the resulted competitive advantage. In order to consolidate the proposed model, the data from the related market sections was retrieved and analyzed for modeling. For conducting the experiments, three significant IDMs were carefully selected for case studies in order to compare their current strategic competitiveness after introducing 3D IC related technologies in their roadmaps.

Pages 26 – 45

Author: Mohammad Ahmad Al-Saleh and Ahmad Mohammad Al-Kandari

The main objective of this article was to find the most accurate model for financial distress prediction. As it is known, predicting bank financial distress reduces the incurred loss and helps avoiding misallocation of Bank's financial resources. A total of six Kuwaiti commercial banks were financially analyzed using data compiled for nine consecutive years from 2001 to 2009. Data has been collected from the annual financial report represented in the balance sheet and income statement for Kuwaiti Commercial Banks. Logistic regression, which can be used as a part of an “early warning” system with respect to the financial distress of the commercial banks, was then undertaken to form a prediction model for time periods in which the banks were going into financial distress. Results have shown that during the operation of the banks; 41.7% of time periods the banks were expected to go into financial distress, whereas 83.8% of time periods the banks were expected to be in a good financial situation. Out of the eleven ratios that have been included in the study, only three ratios are statistically significant in predicting financial distress of the banks. The 1st ratio is (Investment in Securities to Total Assets), the 2nd ratio is (Loans to Total Assets) and the 3rd ratio is (Loans to Deposits). These ratios are considered to be the best predictors of financial distress for the banks under this study.

Pages 46 – 58

Author: D.E. Allen, A. R. Kramadibrata, R. J Powell and A.K. Singh

Transition matrices help lenders to analyze credit risk by identifying the probability of a loan (or portfolio of loans) transitioning from one risk grade to another, including the risk of transitioning to a default grade. Traditionally, transition matrices have been used to measure credit Value at Risk (VaR), which is an estimate of losses below a selected threshold. Conditional Value at Risk (CVaR) measures the extreme risk beyond VaR. We use enhanced transition matrix CVaR techniques to measure the relative credit risk of ten European industries. This helps lenders identify those industries exposed to extreme default risk. The paper finds no correlation between VaR and CVaR metrics, meaning that VaR techniques fail to adequately identify the most risky industries which are most likely to experience defaults in times of extreme risk. The CVaR techniques, on the other hand, do identify this extreme industry risk. Over concentration in high risk industries can contribute to bank losses. The techniques in this study can assist lenders in identifying high risk industries which may need additional provisions, capital or industry exposure limits.

Pages 59 – 68

Author: Monir Ahmmed, Serajul Islam and Mohammad Toufiqur Rahman

This paper is an attempt to analyze the repayment behavior of the clients of commercial Banks. Such an effort has been made to find the socioeconomic factors that effect the loan repayment and to quantitatively determine the level of relationship. A sample bank named Mercantile Bank Limited has been randomly selected where 100 clients from different branches of the same bank have been surveyed through a structured questionnaire between August to December 2011.Descriptive Statistics was used to analyze the socio-economic factors while Multiple Regression Analysis was used to quantitatively determine the socioeconomic factors that influence the level of loan repayment. Results show that the average age of the respondents is 45 years and the mean schooling is 14 years .Loan recovery ratio is high having 84% collection rate. It is also found that age of clients, years of schooling and nature of business have high positive correlation with loan recovery while experiences of client have moderate correlation. On the other hand ,the portion of the debt ,capital structure and age of company possesses very weak correlation.

Pages 69 – 83

Author: Dewi Nusraningrum

Air transport has become an integral part of the structure of the world community, especially to the development of world economy in terms of trade and tourism, which is now very real. One of the human resources that have great contribution in the smooth airline is the aircraft technicians who in charge of preparing aircraft in order to fly with a predetermined schedule. The objective of this research is to test the hypothesis that the self-concept is associated with aircraft technician performance. The sampling frame was taken as many as 80 people, 30 people to test instruments and 50 people for the study sample. From the analysis proved that the concept itself has a significant relationship with the performance of the aircraft technician. The test results obtained value of 5.768 t count > t table 2.682 at significant level  = 0.01 so that it can be concluded that the correlation coefficient between self-concept and performance of aircraft technicians are highly significant. There is a positive relationship between self-concept and performance of aircraft technicians. This means more and better self-concept, the higher aircraft technician performance.

Pages 84 – 99

Author: Xiaojing (Joanne) MA

In this paper, we study the time inconsistency problem in the durable goods market with entry of new consumers in each period. The monopolist only wants to sell the product to high valuation consumers at the beginning. However, the accumulation of low valuation consumers makes it irresistible to hold a sale, which takes away the monopolist’s profits from high valuation consumers. He can strategically introduce a damaged good and sell it to low valuation consumers to mitigate this problem. In a two period model, he sells the damaged good in each period. In an infinite horizon model, he introduces the damaged good with some delay. The social welfare is lower with the introduction of the damaged good than otherwise.

Pages 100 – 118

Author: Giuseppina Chesini

This paper investigates whether, as a result of competition, certain explicit transaction costs (execution fees) paid by broker-dealers to execute client orders on trading platforms are effectively decreasing, and considers the implications for stock exchanges and equity markets. It aims to integrate the literature on trading costs in equity markets by focusing on qualitative aspects and their specific relevance to the assessment of securities market quality, considering that in a high quality market, transaction costs are low. Changes in the price lists of the major European stock exchanges and multilateral trading facilities (MTFs) are examined to highlight the main pricing policy trends. In line with the prevailing literature, trading fees paid by brokers on these platforms are compared. The decrease in execution fees has coincided with a fall in trading revenues; lower revenues may undermine the profitability and long term stability of stock exchanges, and have a negative impact on equity market quality. It emerges that stock exchanges are progressively diversifying their business, increasing other sources of income to compensate for the loss of trading revenues.The findings relate largely to the period 2008 – first half 2012.

Pages 119 – 134

Author: Thannaletchimy Thanagopal, Paul Zagamé, Arnaud Fougeyrollas and Pierre Le Mouel

Increasingly many developed countries are losing their export market shares to lower priced emerging countries. Emerging countries unlike higher wage developed countries are able to produce a similar product to be traded at a lower cost. To regain its competitive streak, developed countries would need to compete in terms of higher quality products rather than lower priced products. This paper, thus, attempts to quantify the effect of higher quality goods trade within Europe. Using a panel data comprising of 11 European countries for a total of 15 manufacture goods sectors ranging over 14 years (from 1990 to 2003), the paper attempts to re-estimate import elasticities of substitution and quality elasticities to determine the relative strength of Europe in terms of offering lower prices or higher quality products. This paper concludes that improving product quality is important for trade and such product improvement is much more beneficial to European countries in sectors that produce differentiated goods rather than homogeneous ones.

Pages 135 – 143

Author: Sheikh Shamim Hasnain

This is a conceptual and theoretical paper written with a view to constructing a quantitative measurement model of knowledge for the organisations. Knowledge of a firm is the total accumulated knowledge for its operational and administrative requirements. This study attempts to find out the ways of measuring knowledge quantitatively in the organisations. This paper is mainly based on literature on Knowledge Management (KM) and Strategic Management with a special emphasis to Walsh and Ungson’s (1991) sixretention bins and External Factor Analysis Summary (EFAS) of Maytag as adopted by Hunger and Wheelen (2002).The exhibited approaches provide quantitative techniques of knowledge measurement in the organisations. Organisations may calculate their total possession of knowledge numerically. A quantitative technique of knowledge measurement is developed which may be explored through empirical investigations. Knowledge managers do not have any tool box like finance managers by which they (knowledge managers) may identify the availability of knowledge and quantify those knowledge resources in their organisations. The quantitative approach to knowledge measurement is not addressed in the existing Knowledge Management (KM) literature. This paper advances the knowledge management process by prefixing a new element of ‘knowledge measurement’ to it (knowledge management process) and also exhibits the quantitative techniques to measurement knowledge in the organisation.

Total Articles- 9

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