scholarly journals No Firm Is an Island? How Industry Conditions Shape Firms’ Expectations

2021 ◽  
Author(s):  
Philippe Andrade ◽  
Olivier Coibion ◽  
Erwan Gautier ◽  
Yuriy Gorodnichenko
Keyword(s):  
Industry Conditions

scholarly journals Governance under the Gun: Spillover Effects of Hedge Fund Activism*

2018 ◽  
Vol 23 (6) ◽  
pp. 1031-1068 ◽  
Author(s):  
Nickolay Gantchev ◽  
Oleg R Gredil ◽  
Chotibhak Jotikasthira
Keyword(s):  
Hedge Fund ◽  
Spillover Effects ◽  
Threat Perception ◽  
Capital Expenditures ◽  
Return On Assets ◽  
Positive Effects ◽  
Asset Turnover ◽  
Hedge Fund Activism ◽  
And Performance ◽  
Industry Conditions

Abstract Hedge fund activism is associated with improvements in the governance and performance of targeted firms. In this article, we show that these positive effects of activism reach beyond the targets, as nontargeted peers make similar improvements under the threat of activism. Peers with higher threat perception, as measured by director connections to past targets, are more likely to increase leverage and payout, decrease capital expenditures and cash, and improve return on assets and asset turnover. As a result, their valuations improve, and their probability of being targeted declines. Our results are not explained by time-varying industry conditions or competition effects whereby improved targets force their product market rivals to become more competitive.

scholarly journals No Firm is an Island? How Industry Conditions Shape Firms' Aggregate Expectations

2020 ◽  
Author(s):  
Philippe Andrade ◽  
Olivier Coibion ◽  
Erwan Gautier ◽  
Yuriy Gorodnichenko
Keyword(s):  
Industry Conditions

scholarly journals A micro-analysis of Irish firm deaths during the financial crisis (2006–2010)

2020 ◽  
Vol 39 (1) ◽  
pp. 1-16
Author(s):  
Bernadette Power ◽  
Geraldine Ryan ◽  
Justin Doran
Keyword(s):  
Financial Crisis ◽  
Firm Size ◽  
Hazard Rate ◽  
Labour Force ◽  
Considerable Effect ◽  
Hazard Rates ◽  
Economic Cycle ◽  
Established Firms ◽  
Micro Analysis ◽  
Industry Conditions

AbstractThis paper examines differences in the hazard rates of young, established and mature firms during the financial crisis, using microdata from more than 300,000 Irish firms. The findings confirm that firm size at the time of the crisis had the largest impact on the probability of exit. The liability of smallness was pronounced in mature cohorts. Industry conditions had a considerable effect on the hazard rate of young cohorts, as opposed to mature counterparts. Interestingly, agglomeration raised the hazard rates of younger cohorts only. By contrast, attributes of the labour force of the region largely influenced the hazard rates of more established firms. Firms founded before the crisis were significantly less likely to exit in the aftermath of the crisis, in comparison with firms founded just before or during the crisis, whereas more mature firms seem to be more sensitive to the economic cycle.

scholarly journals ANALISIS INDUSTRI PERBANKAN SYARIAH DI INDONESIA

2012 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Hasan Hasan
Keyword(s):  
Banking Industry ◽  
Power Industry ◽  
Islamic Banking ◽  
Current Development ◽  
Competitive Industry ◽  
Industry Conditions

The current development of Islamic banking industry in Indonesia is rapidly growing. This article analyzes the Islamic banking industry in Indonesia using Porter’s five-forces competitive industry approach. Each of the power industry are discussed. The conclusion indentifies Islamic banking industry conditions that need to be considered.

scholarly journals Occupational Credentials for Jobs in the Subbaccalaureate Economy: The Case of the Emerging Energy Sector in Ohio

AERA Open ◽  
2020 ◽  
Vol 6 (3) ◽  
pp. 233285842095725
Author(s):  
Robert Bozick ◽  
Christopher Doss ◽  
Gabriella Gonzalez ◽  
Kyle Siler-Evans
Keyword(s):  
Postsecondary Education ◽  
Local Labor Markets ◽  
Market Returns ◽  
Quarterly Earnings ◽  
Credential Programs ◽  
Associate's Degree ◽  
Program Enrollment ◽  
Using Data ◽  
Industry Conditions

Using data on a mid-sized community college in northeast Ohio as a case study, we examine patterns of enrollment in petroleum technology credential programs and labor market returns to those credentials. The enrollment analysis yields mixed results. Strong industry conditions represented by an increase in oil prices is associated with a decline in program enrollment; however, higher wages for petroleum workers is associated with increased program enrollment. Earning analyses were unambiguous: Obtaining a certificate or an associate’s degree was associated with outsized quarterly earnings returns of $2,900 and $5,500, respectively. This study suggests that partnerships that align subbaccalaureate postsecondary education to the needs of local labor markets may result in occupational credentials with substantially larger returns than those observed in the literature.

scholarly journals International Sales and Distribution Strategies

2021 ◽  
pp. 121-134
Author(s):  
Jean-Pierre Jeannet ◽  
Thierry Volery ◽  
Heiko Bergmann ◽  
Cornelia Amstutz
Keyword(s):  
International Market ◽  
Distribution Networks ◽  
Transport Infrastructure ◽  
Market Development ◽  
Manufacturing Operations ◽  
History Of ◽  
Agent Networks ◽  
Industry Conditions ◽  
International Sales ◽  
Formal Distribution

AbstractThis chapter covers the history of the international market development of the researched firms and in addition how these companies established agent networks, built sales subsidiaries worldwide, or enlisted partnerships, and how they reacted to constantly changing market developments requiring adjustments in their distribution networks. The early founders of Swiss SMEs engaged in extensive travel to promote their companies at a time when the transport infrastructure was still rudimentary. Distributors and agent networks were built and still maintained by smaller companies, at times expanded to include formal distribution partnerships. Subsidiary networks were the preferred choice of larger companies which had greater volumes per country markets. Sometimes, market entry was achieved by building or acquiring manufacturing operations. Cracking some of the most difficult markets, such as Japan, posed special challenges. And finally, when industry conditions changed, even well-planned distribution strategies needed to be changed.

scholarly journals PROCESSING OF OIL WELL PRESSURE RECOVERY CURVES

2019 ◽  
pp. 18-20
Author(s):  
Abasova Inara Afrail
Keyword(s):  
Numerical Simulation ◽  
Mathematical Model ◽  
Pressure Recovery ◽  
Oil Well ◽  
Recovery Curve ◽  
Recovery Curves ◽  
Reservoir Permeability ◽  
Curve Change ◽  
Industry Conditions

In the article the development of a mathematical model describing the PRC is studied on the base of pressure recovery curve method.Detailed processing of the pressure recovery curve made it possible to determine the deterioration of reservoir permeability in many wells. Here two methods are considered - stationary (steady conditions of selection) and non- stationary.The article proves that the use of these methods allows to develop a mathematical model to increase the determination of this task.On the base of numerical simulation, the following facts had impact on the results of the pressure recovery curve: well shutdown time, taking into account the initial transition section, taking into account curve change section before well shutdown.The study of variable factors impact on the results is carried out by interval estimation.The mathematical model describing the pressure recovery curve is local and changes its structures. This model can be used in industry conditions.

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