The Study of Employee Passion- Financial Industry as the Example Abstract ¡§Work Passion¡¨ has been gradually gained attention. Most likely is that work plays an important part in our daily life. People could benefit from the joy and energy of the working. However, the related research in the field is insufficient. In this research, literature review and interview were first applied to developing the framework and questionnaire. The next stage is to adopt empirical survey approach which contains multiple regression and hierarchical regression to verify the following hypotheses. 1. A positive relationship between the sources of work passion and the behaviors of work passion. 2. A positive relationship between the behaviors of work passion and the effects of work passion. 3. A positive relationship between the sources of work passion and the effects of work passion. 4. Moderating effects exist between variables. The main conclusions are summarized as follows. 1. Hypothesis one is supported. Someone who enjoys the relationship with others or with an active personality will have passionate behaviors. The behaviors cover the goal oriented, self motivation, helpfulness, to overcome difficulties, ideas sharing, insistence on something, and so on. Except for the above mention, an open culture or influence of co-workers will enable employee to have the kind of behaviors, too. 2. Hypothesis two is supported. Someone who has passionate behaviors will be satisfied with his/her job and salary. 3. Hypothesis three is supported. The sources of work passion will bring effects on job and salary satisfaction. An open culture is a particular one which has a close relationship with job and salary satisfaction. 4. Person-job conflict will affect not only the relationship between sources and behaviors but also behaviors and effects. 5. Person-organization conflict will affect the relationship with sources and behaviors.

Abstract While the relationship between the economy and trade between the Republic of China and the People's Republic of China are quite close, the financial industries are enlarging their development rapidly, which influence the banking industry as well. The main topic of this article is, after the Memorandum of Understanding (MOU) signed between Taiwan and mainland China, whether or not, we can build an efficient financial supervisory mechanism, which is necessary to ensure both safety and development in the financial sector. There were cases of serious financial malpractice, which resulted from the lack of a thorough financial governance system. Because the financial environment is changing very quickly, we expect some faults at first but eventually it should ultimately be a cleansing process. We anticipate minor problems with the new regulation, however, some fixes should be found as soon as possible. Also, only when problems emerge, can we reasonably evaluate whether the governance system is working properly. Thus we understand the importance of well-performing supervisory systems. Effectively, the MOU will serve as a benchmarked reference guide for directors of financial institutions when revising financial governance systems. This article first discusses current financial governance systems between R.O.C and P.R.C and takes the existing agreement as a base to discuss how corporate financial governance systems are handled now. Then the article will analyze the influence and impact of the document, and point out what consequence it entails when we sign the MOU. This is to offer the related strategies as a reference for the internal banking industry. This article, therefore; tries to issue proposals of the integration of the financial governance systems of both sides, in order to provoke the normal development on the economy and trade of R.O.C and P.R.C. To sum up, because R.O.C and P.R.C have signed the MOU during 2009 and 2010 and ECFA, we both have to open domestic markets to each other. In this case, both banking industries will be able to access internal operations of one another. In the meantime, Taiwan's finance industry will face a massive and quick change in the economic environment. How to process globalized layout and control risks becomes the principal question of the financial development in the future. Finally, with regards to the industry's long-term development strategy, we should continue to analyze it and address a countermeasure, in order to offer the financial industry an adjustment into the right way; furthermore, we can connect to the global trend and raise the international competition in the financial industry.

There are great demands of today financial industry to achieve flexibility and growth by integrating new, innovative solutions with existing IT landscapes. Due to the economic climate that has prevailed over the past 18 months, outsourcing, in its different shapes and forms, has once again been gaining strategic significance in the financial services industry. Through literature research, we have found it is important to understand how to leverage application development outsourcing well in order to successful deliver the expected benefits. In this research, we have proposed using interview, literature search, practical empirical working experience as a basis for the methodology. We have interviewed senior managers of three major banks in Taiwan, on their applications on mainframe, midsize systems, and process management experience, and based on Outsourcing value-added method of Wu, and ¡§Method for different outsourcing successful factors for the life cycle of several industries¡¨ of Chun & Wu, etc. to derive initial critical successful factors (CSFs). We then collect knowledge of 26 success and failure outsourcing business cases, perform analysis and knowledge extraction based on xxxx ¡§comparison method¡¨ to conclude the critical successful factors for this research. From this research, we have found that the support from upper management to application development outsourcing is the most important. Due to their attention, many banks do provide training and education to their employees of the importance of leveraging outsourcing resource and how to perform a project teaming and management based on resources from internal employees, outside vendors, and contract employees. The important factors for teaming effort including, people communication, commitment, responsibility and working attitude, financial legal regulation, knowledge management and sharing, project management capability, human factors and relationship. Another factor is on the attention to the details of the development life cycle management to ensure its feasibility for requirement, completeness for clearance, and professionalism for outsourcing project management and knowledge. At the initial stage for team formation, it is important to describe the details of work breakdown structures and working products with the responsible person assigned. During the process of RFI, RFP, open bid process, vendor selection, price and contract negotiation, contract responsibility details, both sides need to pay attention of clear specification of responsibility, mutual respects of professional judgment, potential changes and risk management, deliverables, and after services and support. At every stage of the project, periodical checking on progress, difficulties, changes, progress stages and tracking, and early warming system, etc. are important to the success for project management. Individual team member¡¦s professional capability, communication skills, and initiative and working attitude are also the important factors for the successful factors. The last payment term can be an important factor too. This can be the unique situation in Taiwan. Some vendors would rather forfeit the last payment, but not finish the last commitment of deliverables or future supports. So sometime, keep a larger portion of the last payment can be a good resort to ensure long-term supports from vendors. In conclusion, we have found that vendor¡¦s attitude on service ability and customer relationship management, application owner¡¦s commitment to collaborate and timing support, maturity of supporting open-system based banking application, infrastructure for knowledge sharing among the project team members are the most important successful factors for the software development outsourcing. We do strongly recommend the leverage of outsourcing as a mean for the speedy improvement of new banking business process and innovative product creations for financial industry.

<p>Project Portfolio Management is a tool for effective resource allocation, for the selection of those projects with the highest potential to become tomorrow’s new product and service winners. The accurate implementation of project portfolio methodology is ultimately linked to sound innovation management practices. This paper aims to research a financial firm, ABN AMRO – Brazil, to uncover its project portfolio management practices and their role in fostering innovation. This study set out to define how project portfolio management methodology at the organization ultimately contributes to innovation, and to highlight some of the difficulties and challenges in picking the right projects. Thus, the focus of this paper is to understand how project portfolio management aids ABN AMRO Bank – Brazil in making strategic choices that will ultimately lead to innovation. A total of 11 semi-structured interviews were conducted with managers at the institution in order to assess the project portfolio management practices and their focus on innovation. The results indicate an organizational shift from a lack of formal project selection to the implementation of a sound project portfolio methodology that aims at selecting those projects aligned with business strategy. The results also indicated that innovation has a significant role in the process, by functioning as criteria in the recently defined explicit method for portfolio management.</p>

Project Portfolio Management is a tool for effective resource allocation, for the selection of those projects with the highest potential to become tomorrow’s new product and service winners. The accurate implementation of project portfolio methodology is ultimately linked to sound innovation management practices. This paper aims to research a financial firm, ABN AMRO – Brazil, to uncover its project portfolio management practices and their role in fostering innovation. This study set out to define how project portfolio management methodology at the organization ultimately contributes to innovation, and to highlight some of the difficulties and challenges in picking the right projects. Thus, the focus of this paper is to understand how project portfolio management aids ABN AMRO Bank – Brazil in making strategic choices that will ultimately lead to innovation. A total of 11 semi-structured interviews were conducted with managers at the institution in order to assess the project portfolio management practices and their focus on innovation. The results indicate an organizational shift from a lack of formal project selection to the implementation of a sound project portfolio methodology that aims at selecting those projects aligned with business strategy. The results also indicated that innovation has a significant role in the process, by functioning as criteria in the recently defined explicit method for portfolio management.

Corporate governance is usually related to corporate performance. Corporate governance means company should be controlled and monitored to protect the stakeholder¡¦s rights, and keeps creating profit by making company run well. Usually there are some companies run well during the financial crisis. This essay separates the companies into good corporate governance companies and bad corporate governance companies. First it shows the relationship between performance and corporate governance. Second, it proves companies which have good corporate governance actually perform better during the financial crisis. It classes three industries to discuss, which are financial industry, traditional industry, and electronic industry. It uses 8 corporate governance indexes to identify the relationship between performances. The samples are from 2000 to 2009, and it defines 2008 and 2009 as the span of financial tsunami in the research. In this research it use ROA, ROE , and Tobin¡¦Q to represent the company¡¦s performance.

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The implementation of deregulation in the financial industry has shown both positive and negative effects on the average investor’s ability to save for retirement. The increase in financial investment products and supplements to saving has provided the average investor with many more opportunities to manage his/her wealth in order to save for retirement. This paper will examine the evolution of basic savings accounts offered by commercial banks in the early 1900s to the broadening of investment opportunities in the 1990s. The paper discusses the effects of three deregulatory acts on the average investor’s ability to accumulate wealth for retirement. These acts include: The Depository Institutions Deregulatory Monetary Control Act of 1980, Garn-St. Germain Depository Institutions Act of 1982, and the repeal of Glass-Steagall Act of 1933 through the Gramm-Leach-Bliley Act of 1999. Each of these deregulatory measures played a significant role in the changing of investment and savings behavior of the average investor and the definition of retirement in general.

A high concentration of automotive industry in the Czech economy and its dependence on exports to Germany could be compared to a poorly diversified investment portfolio. At the time when the manual-labor-intensive industries move to countries with a lower labor costs and even stable German economy is losing pace of growth, it is necessary to consider how to support the competitiveness of the Czech economy and ensure sustainable economic growth. The work deals with the question whether a greater focus on the financial sector and with a strong collective investment market may be a possible solution. Author seeks to find the answer thru analysis of this industry and its impact on the domestic economy of the countries with the largest collective investment fund market. The analysis did not prove the initial assumption that the intensive development of the collective investment market in the country will significantly help to grow HPD. However, given the strong correlation between the volume of assets under management and HPD some kind of connection cannot be excluded. A multiplying effect on the other industries is only average, on the other hand the analysis of the competitiveness indicators showed the strength of the industry.

This qualitative research aims to explain the individuals relationship between the level of hierarchy, and experiences, and the impact of Risk Management Control (RMC) on individuals risk assessments. The study focuses on a Swedish fintech company that offers diverse financial services.  Through a case study approach, the authors conducted an in-depth examination of the company ́s risk management practices and the factors that influence individuals risk assessments. The findings of the study reveal a two-dimensional model that takes into account both the level of hierarchy and experience.  The study ́s conclusion emphasizes that the combination of a high level of hierarchy and a high level of experience significantly influence how RMC affects individuals risk assessments. Furthermore, the paper highlights the importance of RMC within organizations, particularly in rapidly expanding industries facing emerging threats. It argues that by implementing RMC practices, organizations can ensure effective risk assessment throughout the entire organization, regardless of individuals hierarchical positions or expertise. The study emphasizes the significance of individuals risk assessments in shaping the overall risk strategy and emphasizes the need for consistent and standardized guidelines for risk management. Such guidelines empower all employees to act as a risk manager within their respective areas of expertise.  Overall, this research contributes to the understanding of how organizational factors and individual experiences interact within RMC. By exploring these dynamics, the study provides valuable insights for organizations to enhance their risk management practices.