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Market Players (market + player)
Selected AbstractsPURE INDICATOR OF RISK APPETITEAUSTRALIAN ECONOMIC PAPERS, Issue 1 2009PHILIPPE DUPUY We study the concept of risk appetite, that is investors' willingness to buy risky assets. Market players and researchers have tried to find a proxy for it, notably by means of spreads in high yielding markets like credit or emerging markets. However, these measures might be biased because they hinge on series of prices that include market movements due to the re-pricing of both systemic and specific risks. Being macro factors that affect all the assets in the universe, risk appetite and risk aversion can only produce systemic risk re-pricing. We apply a methodology to correct this bias. We analysed emerging market debt capital markets and compute a systemic risk only indicator that enables one to ascertain more precisely periods in which risk appetite might have driven market returns. We find that from the end of 1997 to 2004 only about 30 per cent of the return of the EMBI+ might have been due to changes in risk appetite. [source] Stakeholder accountability or stakeholder management: a review of UK firms' social and ethical accounting, auditing and reporting (SEAAR) practicesCORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, Issue 1 2002Ataur Rahman Belal The main aim of this study is to undertake an evaluation of the initial wave of stand-alone social reports issued by the major market players in the UK using AA1000 as an evaluative tool, or benchmark, in order to ascertain the extent to which they conform to the provisions of AA1000, in particular the core principles of accountability and inclusivity. Applying the lens of the stakeholder model the paper examines to what extent contemporary SEAAR practices in the UK are likely to promote stakeholder accountability, or whether they are simply exercises in stakeholder management. Copyright © 2002 John Wiley & Sons, Ltd and ERP Environment. [source] A decision support system for automotive product planning and competitive market analysisINTERNATIONAL TRANSACTIONS IN OPERATIONAL RESEARCH, Issue 6 2000W. Guo Abstract A decision support system (DSS) for automotive product marketing, design and manufacturing in China is presented in this paper. The DSS is developed as a tool to support product planning, competitive market analysis, supply chain analysis and subsequent manufacturing systems planning and deployment. The system consists of a number of automotive related databases which provide information about manufacturers' performance in each market segment as well as production information of all existing market players in the Chinese auto industry. Product planning, one of the key modules of the DSS prototype, is highlighted in this paper. It supports decision makers in determining suitable strategies for market entry by analyzing existing competitors' status, growth estimation of each market segment, and competitive market analysis for new vehicle products. A case study for new market entry is included here to demonstrate the feasibility and effectiveness of the proposed methodology. [source] Emerging Threats to Internet Security: Incentives, Externalities and Policy ImplicationsJOURNAL OF CONTINGENCIES AND CRISIS MANAGEMENT, Issue 4 2009Michel Van Eeten Somewhere around 10% of all machines connected to the Internet are thought to be infected with malicious software. This has allowed the emergence of so-called ,botnets', networks of sometimes millions of infected machines that are remotely controlled by malicious actors. Botnets are mostly used for criminal purposes, but they also enable large-scale failures that might even reach disastrous proportions. We explain the rise of botnets as the outcome of the incentive structures of market players and present new empirical evidence on these incentives. The resulting externalities require some form of voluntary or government-led collective action. Our findings have implications for the controversial debate on the appropriate policy measures, where two perspectives on cybersecurity fight for dominance: national security and law enforcement. [source] THE "ENTREPRENEURIAL STATE" IN "CREATIVE INDUSTRY CLUSTER" DEVELOPMENT IN SHANGHAIJOURNAL OF URBAN AFFAIRS, Issue 2 2010JANE ZHENG ABSTRACT:,Literature on China's urban development discusses the nature and role of the local state. A set of concepts have been proposed, such as the "entrepreneurial state" (ES) and "local developmental state," and an ongoing debate attempts to ascertain whether the state is "entrepreneurial" in nature. This article uses a newly emerged urban phenomenon, chuangyi chanye jiju qu (CCJQs) or "creative industry clusters," in which the central government is not involved, to explore the nature of local governments, their role in urban development, and the ways in which they perform this role. Both qualitative and quantitative research methods are used. The findings of this research reveal a strong revenue-oriented nature of local governments, highlighting the "entrepreneurial state" as an important dimension in their character: they transform spontaneously emerged urban cultural spaces into a new mechanism generating revenues for both urban growth and their own economic benefit. Local governments promote CCJQ development with place promotion strategies, and they are directly involved in CCJQ-related businesses as market players rather than as independent bodies that effectively control and regulate the CCJQ market through policies and regulations. Further, this article reveals a "public,public" coalition as an important mechanism for local state participation. [source] Entry of foreign banks in Shanghai: implications for business strategies in an increasingly competitive marketMANAGERIAL AND DECISION ECONOMICS, Issue 6 2005M.K. Leung This paper uses a simple mean-variance choice model as the basis of a duration analysis of the factors determining the decision of a foreign bank to establish a branch in Shanghai, the fast developing financial centre in China. Bank attributes, namely region of origin, parent bank size, the number of international branches and their branch network in China, have a significant impact on the time to entry. A country's share of total foreign direct investment in Shanghai also significantly affects the entry decision. The attributes facilitating entry also provide the foreign bank with a competitive advantage in its foreign currency transactions in Shanghai. However, with the ensuing market liberalisations after China's WTO accession, the entrants' competitiveness may not be sustained in the local currency market, especially following the proactive business strategies of Chinese banks and the protectionist measures of the government. It is expected that only a small number of the entrants will be able to emerge as big market players in the growing domestic currency market in Shanghai. Copyright © 2005 John Wiley & Sons, Ltd. [source] THE HONG KONG CURRENCY BOARD'S DEFENSE AGAINST FINANCIAL MARKET PRESSURE: A BEHAVIORAL PERSPECTIVETHE DEVELOPING ECONOMIES, Issue 2 2002Miron MUSHKAT Exchange rate regimes do not operate in an institutional vacuum, even when the scope for exercising policy discretion is distinctly limited. The Hong Kong linked exchange rate system is no exception. An interesting feature of the institutional environment in this case, not highlighted previously, is the apparent divergence in the assumptions of policymakers and market players regarding the merits of this mechanism in particular and currency boards in general. The corollary is that the Hong Kong monetary authorities need to intensify their efforts to disseminate relevant information, focusing especially on targets in the financial sector. [source] Future biorefineries: Can we combine technological progress and integrate strengths from different market players?BIOFUELS, BIOPRODUCTS AND BIOREFINING, Issue 3 2010In Focus: Biorefineries, Johan Sanders Guest Editors Biorefinery success often depends on good collaboration between partners. Copyright © 2010 Society of Chemical Industry and John Wiley & Sons, Ltd [source] | |||||||||||||