Search results for "BSI"
showing 10 items of 468 documents
Quantifying Structural Subsidy Values for Systemically Important Financial Institutions
2013
Abstract Claimants to Systemically Important Financial Institutions (SIFIs) would receive transfers when governments are forced into bailouts. Ex ante, this bailout expectation lowers SIFIs’ daily funding costs. The funding cost advantage reflects both the structural level of the government support and the time-varying market valuation for such a support. Based on a large worldwide sample of banks, we estimate the value of the structural subsidy, by exploiting expectations of state support embedded in credit ratings and by applying the long-run average value of the rating bonus. The value of the structural subsidy was already sizable, 60 basis points (bp), as of the end-2007, before the cri…
Evaluation of investment subsidies: when is deadweight zero?
2008
In the evaluation of investment subsidies one of the critical issues concerns the assessment of deadweight, that is, the degree to which projects would have been carried out without grant assistance. With the increasing restrictions on and cuts in subsidies for investment projects in the EU countries maximisation of the impact of the public resources that remain can be achieved through their allocation for projects with minimum deadweight. This paper studies the profile of subsidised zero deadweight investment projects – projects that would be abandoned without public subsidies – in Finland. The empirical analysis is conducted using micro level data on investment projects by private sector …
Place des ERP dans le suivi de la performance des filiales par la maison-mère
2016
This study seeks to shed the light on the role of Enterprise Resource Planning (ERP) as a management tool adopted by multinational corporations in their monitoring of the headquarters/ subsidiary performance. We have opted for a deductive approach, focusing on multinational corporations whose subsidiaries are based in Morocco and which are endowed with the ERP tool. To meet this end, we have carried out both a qualitative and a quantitative study. Qualitatively, the six semi directive interviews conducted with the subsidiaries management fit in harmoniously with the items that figure in our questionnaire, submitted to 104 subsidiaries in the framework of a quantitative study. We have found …
The competitive development of flowers and ornamentals firms through the use of web-marketing strategies: a survey in the convergence objective regio…
2011
The growth of ICT, and in particular the integrated use of internet within firm marketing strategies, has brought about deep changes at both sector and firm level. Firm processes have been drastically modified in their communication and promotional aspects. In particular, firmcustomer relationships are changing and therefore internet represents a preferential means, not only for transferring the firm image in the global communication, but above all in order to build a dialogue and a continuous interaction which contribute to consumers’ fidelization. This empirical research proposal is to be considered in the framework of “Business to Consumer” relationships and is addressed to the flowers a…
Leading the way toward fuel parity in photovoltaics: The utility-scale market in Sicily, Italy
2016
The global photovoltaic (PV) market has been growing exponentially since almost twenty years. This huge demand for photovoltaic systems has been mainly driven by public subsidies in the form of a variet y of national incentive schemes. However, in Countries where successful incentive schemes have been pioneered and are now – as planned - being brought to an end, the PV market is called to the challenge of surviving without any incentive to the end user. Grid and fuel-parity represent the keystone of this emerging new phase in the history of this renewable energy technology. In this paper we present a sensitivity analysis showing that in Sicily, Italy, the Levelized Cost of Energy from utili…
Äärellisten Borel-mittojen Fourier-muunnoksista euklidisissa avaruuksissa
2016
Tutkielmassa esitellään euklidisen avaruuden äärellisille Borel-mitoille Fourier-muunnokset kompleksiarvoisina kuvauksina ja tutkitaan niiden vähenemistä mentäessä ääarettömän kauas origosta. Keskeisenä kysymyksenä on, millä reunaehdoilla annetun kompkatikantajaisen ja äärellisen Borel-mitan Fourier muunnos vähenee polynomiaalisesti (eli sitä voidaan dominoida jollain euklidisen normin negatiivisella potenssilla) kaikkialla riittävän kaukana tai ainakin ”keskimääräisesti”. Mikäli tällainen Borel-mitta on absoluuttisesti jatkuva Lebesguen mitan suhteen kompaktikantajaisella ja sileällä tiheysfunktiolla, niin sen Fourier-muunnos vähenee aina polynomiaalisesti kaikkialla. Ongelmaa tarkastellaa…
In silico identification and experimental validation of hits active against KPC-2 β-lactamase
2018
Bacterial resistance has become a worldwide concern, particularly after the emergence of resistant strains overproducing carbapenemases. Among these, the KPC-2 carbapenemase represents a significant clinical challenge, being characterized by a broad substrate spectrum that includes aminothiazoleoxime and cephalosporins such as cefotaxime. Moreover, strains harboring KPC-type β-lactamases are often reported as resistant to available β-lactamase inhibitors (clavulanic acid, tazobactam and sulbactam). Therefore, the identification of novel non β-lactam KPC-2 inhibitors is strongly necessary to maintain treatment options. This study explored novel, non-covalent inhibitors active against KPC-2, …
Geophysical and geotechnical investigations to support the restoration project of the Roman ‘Villa del Casale’, Piazza Armerina, Sicily, Italy
2011
A multidisciplinary geophysical and geotechnical study, including some non-invasive geophysical applications, was carried out during the restoration of the ‘Villa del Casale’, a Roman villa discovered near Piazza Armerina (Sicily, Italy) in 1929, famous for its Roman floor mosaics. The project aims were to characterize the geology of the subsoil and provide information for solving the main building structural problems including the subsidence of some parts of the floor and the detachment of the tesserae (i.e., the tiles) of the mosaics. Another goal was the detailed study of the underground structures of the Corridor of the Great Hunt, a part of the villa strongly affected by subsidence and…
The Palaeoanthropocene – The beginnings of anthropogenic environmental change
2013
Abstract As efforts to recognize the Anthropocene as a new epoch of geological time are mounting, the controversial debate about the time of its beginning continues. Here, we suggest the term Palaeoanthropocene for the period between the first, barely recognizable, anthropogenic environmental changes and the industrial revolution when anthropogenically induced changes of climate, land use and biodiversity began to increase very rapidly. The concept of the Palaeoanthropocene recognizes that humans are an integral part of the Earth system rather than merely an external forcing factor. The delineation of the beginning of the Palaeoanthropocene will require an increase in the understanding and …
Essays on the Performance, Subsidization and Internationalization of Social Enterprises
2020
Social enterprises are hybrid organizations that tackle societal challenges by using conventional business models. Being hybrid organizations means that social enterprises pursue dual objectives: social (developmental) and financial. By taking performance, subsidization and internationalization perspectives, this thesis contributes to understanding the hybridity of social enterprises and how this hybridity drives their general operations and key decisions such as foreign market selection and targeting strategy.