Globalization, corporate finance, and coordinated capitalism: Pension finance in Germany and Japan

This paper analyzes 'globalization' as the interplay between domestic and 'foreign' economic agents that seek to break up nationally contained and/or institutionally constrained markets with the aim of altering distributive outcomes in their favor. I take as my exemplary cases the recent opening up of the Japanese and German pension markets. US-Japan trade negotiations and European market integration provide foreign competitors with entry into the pension market and increasingly allow domestic firms to exit the national 'regulatory regime'. The internationalization of the market for investment capital has made 'regime exit' more attractive for many German and Japanese firms while the international convergence of transparency rules and accounting standards are increasingly overhauling specific national business practices. --

Globalisation of production and markets.

Internationale Arbeitsteilung; Direktinvestition; Internationale Unternehmenskooperation; Industriegüteraußenhandel; Internationaler Wettbewerb; Welt; EU-Staaten; USA; Japan;

Ethics and taxation : a cross-national comparison of UK and Turkish firms

This paper investigates responses to tax related ethical issues facing busines

Senmicro GmbH expanding beyond Europe: country analysis for a potential market entry in Asia

JEL Classification: F23, M16This work describes the development of the internationalization strategy of the Austrian sensors developer Senmicro GmbH. This company, which was founded in 2008, develops, produces and markets sensors to measure moisture during the production of paper in a very innovative way. In order to continue with their successful expansion, Senmicro’s management is seeking for new markets in Asia. This project has the objective to find the most promising country for the Austrian company, give the management detailed information about the selected country and assist to develop an entry strategy. Therefore, it first depicts a comparison between the pre-selected Asian countries China, Indonesia, Japan, South Korea, Taiwan and Vietnam, based on various indicators available from official institutions. These economic, political, legal and market indicators allowed an objective comparison of the attractiveness of the six countries. From this comparison, China was selected as target market. Secondly, this thesis gives a detailed picture of China based on the PESTEL model. Political, economic, social, technological, environmental and legal factors of China were analyzed taking into account the needs of Senmicro’s management, in order to develop a strategy for the market entry. In the last part the different potential entry modes in China are explained and analyzed, again in respect to the needs of Senmicro. Furthermore it gives an idea about the next steps the company should make.O seguinte estudo descreve o desenvolvimento da estratégia de internacionalização da empresa Austriaca, Senmicro GmbH, que na sua actividade desenvolve sensores para diversos equipamentos. Fundada em 2008, esta empresa desenvolve, produz e comercializa sensores cuja função é medir a humidade durante o processo de produção de papel de uma forma inovadora. A fim de prosseguir a sua bem-sucedida expansão, a Senmicro procura agora novos mercados, com destaque para a Ásia. Este projeto tem como objetivo encontrar o país mais promissor, juntamente com a partilha de informação detalhada do mesmo, promovendo uma estratégia de entrada. Em primeiro lugar está uma comparação entre os países asiáticos pré-selecionados: China, Indonésia, Japão, Coreia do Sul, Taiwan e Vietnam. Com base em vários indicadores disponíveis por instituições oficiais, os indicadores econômicos, políticos, legais e de mercado permitiram uma comparação objectiva da atratividade dos seis países. A partir dessa comparação, a China foi escolhida como mercadoalvo. Em segundo lugar, este estudo dá uma imagem detalhada do País com base no modelo PESTEL. Factores políticos, econômicos, sociais, tecnológicos, ambientais e legais da China foram analisados tendo em conta as necessidades específicas da Senmicro, a fim de desenvolver uma estratégia de entrada no mercado. Finalmente de modo a complementar o estudo, foram revistos os diferentes modos de entrada no mercado Chinês. Onde são explicados e analisados, de novo no que diz respeito às necessidades de Senmicro. Adicionalmente, é dada uma ideia sobre os próximos passos a tomar pela empresa

An Overview and Examination of the Indian Services Sector

India’s service sector has grown rapidly since the 1990s. Domestic demand for services has increased as incomes have risen, triggering the expansion of industries such as banking, education, and telecommunications. Exports have also increased rapidly, led by information technology and business process outsourcing (IT-BPO). India’s ability to offer low-cost, high-quality IT-BPO services has made it a world leader in this industry. However, employment in services has not grown as quickly as output. The majority of India’s jobseekers are low-skilled, but demand for workers is growing fastest in higher-skill industries. The supply of highly-skilled workers has not kept pace with demand, causing wages to increase faster for these workers than for lower-skilled ones. India’s government has supported the growth of service industries through a mix of deregulation, liberalization, and incentive programs, such as the Software Technology Parks of India. Nevertheless, burdensome regulations, poor infrastructure, and foreign investment restrictions continue to affect service firms’ ability to do business. USITC analysis suggests that additional liberalization would lead to an increase in India’s imports of services

The Role of Trust in Explaining Food Choice: Combining Choice Experiment and Attribute Best−Worst Scaling

This paper presents empirical findings from a combination of two elicitation techniques—discrete choice experiment (DCE) and best–worst scaling (BWS)—to provide information about the role of consumers’ trust in food choice decisions in the case of credence attributes. The analysis was based on a sample of 459 Taiwanese consumers and focuses on red sweet peppers. DCE data were examined using latent class analysis to investigate the importance and the utility different consumer segments attach to the production method, country of origin, and chemical residue testing. The relevance of attitudinal and trust-based items was identified by BWS using a hierarchical Bayesian mixed logit model and was aggregated to five latent components by means of principal component analysis. Applying a multinomial logit model, participants’ latent class membership (obtained from DCE data) was regressed on the identified attitudinal and trust components, as well as demographic information. Results of the DCE latent class analysis for the product attributes show that four segments may be distinguished. Linking the DCE with the attitudinal dimensions reveals that consumers’ attitude and trust significantly explain class membership and therefore, consumers’ preferences for different credence attributes. Based on our results, we derive recommendations for industry and policy