The January 1st, 1995, General Agreement on Trade in Services (GATS), which entered into force in March 1999, is intended to bring about complete liberalization of international trade in all services, the largest and fastest growing component of such trade. This includes the financial services sector. Financial liberalization can generate a number of benefits, including services specialization, economies of scope, economies of scale in technology acquisition, a reduction of systemic risk, and improved risk management. However, in the case of small island developing countries, as with those in the Caribbean, a number of risks are evident, including adverse selection, increased moral hazard, and decreasing loan quality. This research focuses upon the nature of the financial policy framewo...
We examine pure no-load funds over a 5-year period. For equity funds, trading activity is negatively related to returns. Expense ratios are not significantly related to returns. Potential capital gains exposure and tax cost ratio are positively related to return. For fixed income funds, trading activity is positively related to return. Expense ratios and tax cost ratios are negatively related to returns. Mutual funds exhibit economies of scale and managers experience scale and scope economies. The individual investor is better off in a large fund that is a member of a large fund family.
The titular pitchmen of the Emmy-winning TV drama "Mad Men" draw their smoky, martini-fueled inspiration from reality. Madison Avenue's pitchmen of the 1960s - when the acclaimed show is set - played a pivotal role in transforming America via the new medium of television. However sharp the era's real mad men and women, they could not have predicted marketing's wild technological ride since: the fragmentation of mass markets by cable, the patchwork opportunities of satellite radio, the golden eggs of search-engine optimization and online analytics.
... instead of market share and employing economies of scope instead of economies of scale, the book i...
In his article "From Firm to Networked Systems," Thomas Hughes introduces concepts, such as infrastructure and networking, that are critical to today's managerial system, but, by focusing on electric utilities, the story he tells does not go beyond the arrival of the new science of electronics in the early twentieth century. Hughes, therefore, does not consider the critical role of high-technology industries -- that is, those that commercialized and brought to market new products based on new scientific learning -- in exploring the evolution of managerial systems. By analyzing the role of high-technology industries and the commercialization of new scientific learning, it can be seen how the coming of the information revolution differed from the arrival of the second industrial revolutio...
... earlier works, The Visible Hand (1977) and Scale and Scope (1990).3 In those volumes I did emphasiz... resulted not only from the "static economies of scale and scope in production" but also from "t...
If the phrase "Made in Germany" once stood for quality products, for many researchers, engineers and production workers in the country today, it has taken on an altogether different meaning: employment. A government-funded "cluster of excellence" initiative is now studying ways that high-wage countries like Germany can maintain local production and sustain employment. "Integrative Production Technology for High-Wage Countries" is the name of the research cluster led by production scientists at the Rheinisch-Westfalische Technische Hochschule (RWTH) Aachen University, a top address for engineering science in Germany and one of Europe's best. A key focus of the research effort in Aachen is to resolve what engineering scientists in the technology cluster refer to as the polylemma of produc...
... two sets of contradictory dimensions: economies of scale versus economies of scope, and planning v...
Japanese securities firms were operating under new circumstances after the Japanese version of the Financial Big Bang was implemented. This paper examines structural changes in the Japanese securities industry by comparing the economies of scale and scope between 1998 and 2002. In particular, we focus on the online securities firms that have appeared in recent years and verify their differences from the existing ones or the impact of deregulation. This is undertaken by employing the generalized translog cost function, which can take zero outputs into consideration. The findings suggest that scale economies were observed for the online securities firms as a whole. Further, product-specific economies of scale for brokerage commissions were observed for the online securities firms. However...
Firm growth is an area of research which is important to many scholars. Of greater importance may be the process by which firms grow over time. This paper addresses the sequence of moves firms make as they grow over time. To address this important issue, the deregulated North American railroad industry is examined from the time period of 1980 to 2002. The research shows that firms which grew within the deregulated industry followed the same general sequencing of moves. Firms which did not follow this specific sequencing were either acquired or went out of business
... its excess capacity to achieve both economies of scale and economies of scope (Teece, 1980, 1982...
...Downsizing and Rightsizing. Economies of Scale and Economies of Scope. Exporting and Imp...
ver las páginas en versión mobile | web
ver las páginas en versión mobile | web
© Copyright 2012, vLex. All Rights Reserved.
Contents in vLex United States
Explore vLex
For Professionals
For Partners
Company
Other interesting searches:
Constitution of the United States | vaccinations for india | Cafe Rio, Inc. | divorce court | Ringway Infrastructure Services Ltd | Evaluación comparativa de resultados | fundacion telefonica | Prisión domiciliaria | sucesiones | Hermanastros
