Search results for "SHARE"
showing 10 items of 451 documents
The Cost of Ownership in Microfinance Organizations
2009
Accepted version of article published in the journal: World Development Published version available on Science Direct: http://dx.doi.org/10.1016j.worlddev.2008.03.006 We compare the ownership-cost of shareholders firms (SHFs), non-profit organizations (NPOs), and cooperatives (COOPs) invoked in microfinance. A paradoxical situation motivates us: most providers, both historically and today, are NPOs or COOPS,while policy papers advocate SHFs, We lay out it theoretical framework to understand ownership-costs in microfinance organizations (MFOs) better. We propose that cost-variable related to market contracting favor NPOs and COOPS, whereas most cost-variables related to the practice of owner…
On the Persistent Understatement of Shareholder's Equity Around Europe
2003
We examine the existence of balance sheet conservative practices by listed companies in seven European countries, analysing the differences among them. Our results show that in every country under study there are conservative practices that lead to a persistent understatement of operating assets with respect to market value. This understatement could be mainly attributable to the usage of historic cost accounting as well as to the non-recognition of certain intangible assets. We also find that in code-law based countries balance sheet conservative practices are much more pronounced. Additionally, we analyse whether our results are influenced by a different sample composition, and if spuriou…
The Influence of the Endogenous and Exogenous Factors on Credit Institutions’ Return on Equity
2015
Abstract The research’s purpose is to study the credit institutions’ performance, from the shareholders’ point of view, through return on equity (ROE). It aims to identify a dependency relationship between return on equity (ROE) and endogenous factors (the growth rate of credit portfolio, the growth rate provisions, the solvency ratio), on the one hand and, on the other hand between ROE and the exogenous ones (GDP and inflation rate). The research was done over an horizon of 10 years (2004-2013) on the evolution of the return on equity indicator of two credit institutions listed on Bucharest Stock Exchange (Carpathian Commercial Bank SA and Banca Transilvania SA), highlights their vulnerabi…
Kalman filtering applied to Profibus-DP systems. Multirate control systems with delayed signals
2008
In networked control systems several devices (controllers, sensors and actuators) share a common communication resource. This feature can introduce variable and even random delays when those devices try to transmit information through the shared medium. The limited bandwidth capabilities of the transmission medium also can restrict the freedom to set the sampling periods in the control loop. An attempt to reduce the significance of the signal delays and save to some bandwidth can be based on high values of sampling periods. Usually this solution has remarkable effects in the system performance because with higher sampling periods closed loop response capabilities are decreased. This paper p…
A review of multiple faults diagnosis methods in Voltage Source Inverters
2015
This paper examines, as in short review, the methods of diagnosis of simple and multiple faults on Voltage Source Inverter (VSI). The methods examined here are essentially based on the inspection of the load currents. Some of these diagnosis methods are characterized by low computational effort, other for a better reliability avoiding faultless positive tests. Some solutions are characterized by a share of these benefits while others prefer an enforcement of trustworthiness, in spite of the lower calculation amount. The analysis of the technical literature, certainly, offers a glimpse about the creation of new algorithms and significant advances for the future.
Intelligent Collaborative Platform for Testing a Product by Virtual Prototyping
2013
This paper presents an integrated platform, based on collaborative environment, which can improve the design and prototyping activities. Collaborative activities in supporting product development and design during all product life-cycle, needs a Digital Factory framework. Demonstration of prototyping in real-time where are available changes in geometry, constraints, or other parameters can be based on virtual and augmented platforms. The mechanical and non-mechanical design needs, or any other virtual experiment can be experimented in virtual laboratory where researchers located in different geographical zones, can work on the improvement of product, by sharing resources and research result…
Distributed Multi-level Motion Planning for Autonomous Vehicles in Large Scale Industrial Environments
2013
In this paper we propose a distributed coordination algorithm for safe and efficient traffic management of heterogeneous robotic agents, moving within dynamic large scale industrial environments. The algorithm consists of a distributed resource--sharing protocol involving a re--planning strategy. Once every agent is assigned with a desired motion path, the algorithm ensures ordered traffic flows of agents, that avoid inter--robot collision and system deadlock (stalls). The algorithm allows multi--level representation of the environment, i.e. large or complex rooms may be seen as a unique resource with given capacity at convenience, which makes the approach appealing for complex industrial e…
Credit Risk Versus Performance in the Romanian Banking System
2017
Abstract The Romanian banking sector, predominantly governed by the capital of foreign banks, is, as well as other international banking sectors, under the sign of the necessary balance that should exist between risk and performance. This is a result of banks trying to take risks that they can control, given that they need to generate financial results that are satisfactory for all categories of bank creditors, namely shareholders, depositors and other lenders. In this paper, I wanted to analyze the risk situation assumed by the main banks in the system versus the performance gained in recent years. This article is part of a wider research, so I will refer only to the main risk assumed by a…
Drivers of Firm Performance: Exploring Quantitative and Qualitative Approaches
2017
Abstract The main purpose of this paper is to identify the drivers of firm performance by exploring both quantitative indicators - based on accounting profitability, shareholder value and economic value – and qualitative approach – based on balanced scorecard and triple bottom line. A literature review will be provided in order to obtain an optimum mix of quantitative and qualitative drivers for firm performance, on one hand, and a case study will be conducted for emphasizing the importance of both approaches, on the other hand.
Transmitting the entrepreneurial spirit to the work team in SMEs: the importance of leadership
2007
PurposeTo establish the extent of the influence of variables which, under a particular style of leadership, form the necessary basis for encouraging and developing group, entrepreneurial activities carried out within the context of small to medium‐sized enterprises (SMEs) thus explaining the transmission of the entrepreneurial spirit to the work team and, consequently, the existence of collective entrepreneurship in the firm.Design/methodology/approachFrom the results of a questionnaire carried out via personal interviews with over 100 firms, a confirmatory factorial analysis was carried out that provided us with the variables to be studied. The cause/effect relationships and their implicat…