2,806 research outputs found

    A dynamic decision model of SMEs' FDI 

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    [[abstract]]Many scholars generally believe that small and medium-sized enterprises (SMEs) in comparison to large firms are at a disadvantage in foreign direct investment (FDI). However, new evidence suggests that SMEs also play an important role in FDI. Why do they undertake risk in other countries? We are interested in what factors significantly motivate them to go abroad. Taiwan's SMEs play a vital role in her economic development and outward FDI, and this study therefore focuses on the outward FDI of Taiwan's SMEs. We apply the hazard rate approach to perform an empirical analysis, taking into consideration the conditional probability of the element of time. Among SMEs, the lower the degree of "capital intensities," the larger the "firm sizes," the higher the "export ratios," or the larger the level of "R&D intensities" are, the greater the intention will be to undergo FDI. The major factors motivating Taiwanese SMEs to conduct FDI in recent years are "utilizing local labor," "expanding markets," and "following major clients."[[note]]SSC

    Merger and optimal number of firms: an integrated simulation approach 

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    [[abstract]]In a market where imperfect competition occurs as a result of mergers, this study proposes a framework consisting of both efficiency and risk analyses that allow the simulation of pro forma mergers and hence the determination of the optimal number of firms in the industry. This is valuable policy information for regulators concerned with possible intervention in the case of competition and anti-trust violations, and also for business managers seeking acquisition targets. The framework is applied to the banking industry in Taiwan. Results reveal the potential for industrial restructuring in a sector where the optimal number of Bank Holding Companies (BHCs) is between four and six, subject to whether partial control is assumed.[[note]]SSC

    Observation of hc radiative decay hc › ??' and evidence for hc › ??

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    Kolcu, Onur Buğra (Arel Author) --- Makale 69 yazarlıdır.A search for radiative decays of the P-wave spin singlet charmonium resonance hc is performed based on 4.48 × 108 ? events collected with the BESIII detector operating at the BEPCII storage ring. Events of the reaction channels hc › ??' and ?? are observed with a statistical significance of 8.4? and 4.0?, respectively, for the first time. The branching fractions of hc › ??' and hc › ?? are measured to be B(hc › ??' ) = (1.52±0.27±0.29)×10-3 and B(hc › ??) = (4.7±1.5±1.4)×10-4 , respectively, where the first errors are statistical and the second are systematic uncertainties
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