The main objectives of this research were to examine effects of protein modification (protein cleavage and crosslinking) on turkey meat gelation and to evaluate textural properties and water holding capacity of meat gels prepared from normal and PSE (pale, soft, exudative) turkey breast meat.<p>First, the effect of protein degradation on turkey breast meat gelation was studied. To create different extent of proteolysis in the meat, á-chymotrypsin (EC 3.4.21.1) was added to normal and PSE meat batters at 0, 2.5, 5 and 10 ppm levels. Sodium dodecyl sulphate-polyacrylamide gel electrophoresis (SDS-PAGE) of cooked meat gels showed progressive protein hydrolysis with increasing enzyme level. Texture profile analysis and torsional analysis of the cooked meat gels showed an incremental deterioration in texture with increasing enzyme level. This inferior texture caused by proteolysis was similar to that observed in the gels made from PSE turkey meat alone. Pearson correlation coefficients indicated gel textural properties and expressible moisture were highly correlated to the degree of proteolysis, especially to that of myosin heavy chain (p < 0.001).<p>The second study focused on modifying protein size to improve meat gelation, especially PSE meat gelation. Transglutaminase (TGase, EC 2.3.2.13) was chosen due to its ability to catalyze crosslinking of proteins. Pea protein isolate, an alternative to soy protein, was also evaluated as a meat protein extender. Textural profile and torsional gelometry analyses of the cooked meat gels showed TGase alone significantly (p < 0.05) increased gel texture, especially for those made from PSE meat. However, cook yield of the meat gels was compromised possibly due to steric effects. Addition of pea protein isolate alone improved cook yield and gel texture, especially for the gels made from PSE meat. The combination of TGase and pea protein produced the strongest meat gels, while maintaining a similar cook yield to the control. SDS-PAGE showed the disappearance of several protein bands contributed from the meat or pea protein with TGase addition, indicating that these likely were crosslinked and too large to enter the gel. Dynamic rheological analysis revealed TGase altered the viscoelastic properties of the meat or meat-pea protein mixtures and produced more elastic gels on cooling.<p>This research indicated proteolysis had a dramatic impact on textural properties of turkey breast meat gels. Crosslinking of proteins catalyzed by TGase significantly improved gel texture, especially for the gels made from PSE meat. However, TGase-assisted crosslinking of proteins resulted in greater cooking losses unless an extender/adjunct such as pea protein was added.

As one of the oldest and most innovative financial institutions, a clearinghouse efficiently clears and settles payments for equity transactions as well as other securities. However, this paper will only be concerned with common and preferred equity securities. The purpose of a clearinghouse is to reduce counterparty risk. It acts as an intermediary between two parties, so that the risk of one party failing to honor its contractual obligation is diminished. It reduces settlement risk through netting, the process of eliminating offsetting transactions, thus decreasing the amount of cash flow. I examine the impact of the New York Stock Exchange Clearinghouse upon its establishment in May 1892. Specifically, I analyze the clearinghouse’s effect on trading costs for different equity securities, scrutinizing the effects on bid-ask spreads. I find that once a firm joined the NYSE clearinghouse, both its relative and absolute bid-ask spreads are narrowed, representing an overall reduction in spreads of 5.28 percent.

No description available.

The main objectives of this research were to examine effects of protein modification (protein cleavage and crosslinking) on turkey meat gelation and to evaluate textural properties and water holding capacity of meat gels prepared from normal and PSE (pale, soft, exudative) turkey breast meat.<p>First, the effect of protein degradation on turkey breast meat gelation was studied. To create different extent of proteolysis in the meat, á-chymotrypsin (EC 3.4.21.1) was added to normal and PSE meat batters at 0, 2.5, 5 and 10 ppm levels. Sodium dodecyl sulphate-polyacrylamide gel electrophoresis (SDS-PAGE) of cooked meat gels showed progressive protein hydrolysis with increasing enzyme level. Texture profile analysis and torsional analysis of the cooked meat gels showed an incremental deterioration in texture with increasing enzyme level. This inferior texture caused by proteolysis was similar to that observed in the gels made from PSE turkey meat alone. Pearson correlation coefficients indicated gel textural properties and expressible moisture were highly correlated to the degree of proteolysis, especially to that of myosin heavy chain (p < 0.001).<p>The second study focused on modifying protein size to improve meat gelation, especially PSE meat gelation. Transglutaminase (TGase, EC 2.3.2.13) was chosen due to its ability to catalyze crosslinking of proteins. Pea protein isolate, an alternative to soy protein, was also evaluated as a meat protein extender. Textural profile and torsional gelometry analyses of the cooked meat gels showed TGase alone significantly (p < 0.05) increased gel texture, especially for those made from PSE meat. However, cook yield of the meat gels was compromised possibly due to steric effects. Addition of pea protein isolate alone improved cook yield and gel texture, especially for the gels made from PSE meat. The combination of TGase and pea protein produced the strongest meat gels, while maintaining a similar cook yield to the control. SDS-PAGE showed the disappearance of several protein bands contributed from the meat or pea protein with TGase addition, indicating that these likely were crosslinked and too large to enter the gel. Dynamic rheological analysis revealed TGase altered the viscoelastic properties of the meat or meat-pea protein mixtures and produced more elastic gels on cooling.<p>This research indicated proteolysis had a dramatic impact on textural properties of turkey breast meat gels. Crosslinking of proteins catalyzed by TGase significantly improved gel texture, especially for the gels made from PSE meat. However, TGase-assisted crosslinking of proteins resulted in greater cooking losses unless an extender/adjunct such as pea protein was added.

Uppsatsens syfte är att mot bakgrund av införandet av 53 kap. IL och den s.k. X och Y- domen, analysera när ett lån från ett utländskt holdingbolag, kan omklassificeras till utdelning genom en tillämpning av principen om rättshandlingars verkliga innebörd. EU-domstolens dom i X och Y-målet föranledde att reglerna i 53 kap. IL ändrades och gjorde det möjligt för svenska privatpersoner att överlåta aktier till underpris till egna bolag i utlandet utan några omedelbara beskattningskonsekvenser. De nya reglerna öppnade upp för en omfattande skatteplanering genom upplägg med utländska holdingbolag. Genom att låna medel från ett holdingbolag som etablerats i utlandet, har svenska privatpersoner kunnat kringgå låneförbudsreglerna i ABL och därmed undvika beskattning. Under 2009 ändrades reglerna för beskattning av förbjudna lån. De nya reglerna tillämpades från den 13 februari 2009 och innebär att lån från utländska juridiska personer numera ska beskattas. Skatteverket har dock fortsatt att angripa lånetransaktioner som har företagits före denna tidpunkt och hävdat att lånen egentligen utgör skattepliktig utdelning. Principen om rättshandlingars verkliga innebörd innebär att domstolarna kan omklassificera en felaktigt betecknad rättshandling och låta den verkliga innebörden ligga till grund för beskattningen. En omklassificering kan endast göras om en rättshandlings beteckning inte stämmer överens med den verkliga innebörden. Ett lån från ett utländskt holdingbolag borde därför kunna omklassificeras till utdelning endast om lånet kan an-ses utgöra förtäckt utdelning enligt ABL. En samlad bedömning måste göras av samtli-ga omständigheter i det enskilda fallet. Frågan har dock inte prövats i högre instans och rättsläget är fortfarande oklart. / The purpose of this thesis is to analyse when, in the light of the X and Y case and chapter 53 IL, a loan from a holding company could be classified as a dividend by applying the principle of substance over form. The ruling of the Court of Justice in the X and Y-case, led to a change of the rules in chapter 53 IL. The new rules made it possible for natural persons to transfer shares in companies at undervalue to foreign legal persons owned by them, without immediate taxation. The new rules resulted in wide tax planning with foreign holding companies. By taking a loan from a holding company established abroad, natural persons could circumvent the ban on credit rules in ABL, and thereby avoid taxation. In 2009 the tax rules concerning forbidden loans where changed. The new rules were applicable from the 13th of February 2009 and imply that loans taken from foreign legal persons should be taxed. However, the tax authorities continue to inspect transactions carried out before this date, claiming that the loans constitute taxable dividends. According to the principle of substance over form, courts are free to reclassify a legal act that is not labeled correctly. Thus, a legal act should be taxed due to its actual substance independent of what form or label it has. A reclassification can only be made when the label of the legal act does not correspond with its real meaning. Hence, a loan from a holding company should only be reclassified to a dividend, if the loan is considered to constitute such disguised dividend according to ABL. All facts need to be considered in the evaluation. The particular question has not been tried by a higher court and therefore the legal position is still unclear.

The financial sector due to the particularity of the industry, the government set a lot of control provisions, therefore most of the earnings management research will set financial sector excluded. In fact, the financial sector, in order to comply with the legal provisions, which the motives of earnings management may be even higher than the average company. This study used The Modified Jones Model to calculate the proxy of discretionary accruals as an earnings management¡Ffinancial holding company engaged in the amount of the core subsidiary of the format category to measure the extent of its related diversification¡Fand the implementation of SFAS No. 34 divided into two study period, to explore the relationship between the relevant level of diversification and earnings management, earnings management and financial asset disposition gains and losses, earnings management and financial performance is different. Empirical results show that: (1)Before and after of SFAS No. 34 implementation , the higher the degree of diversification of financial holding company, the earning management were higher.(2) Before and after of SFAS No. 34 implementation, the financial holding company will make use of the disposal of financial assets in order to increase the gain on disposal for earnings management.(3) Before and after of SFAS No. 34 implementation, the financial holding company will engage in earnings management operations in order to enhance the company's financial performance.

Abstract Research on HRM of banking industry since the law of Financial Holding Company has been put into practice are few. The purpose of this study is to explore the correlation among Industrial Relations Climate, Job Satisfaction, Organizational Commitment and Turnover Intention in the banking industry. Based on 507 questionnaires from 51 bank branches in Taiwan, this study finds several important results. Findings¡G ¡]1¡^Positive relationships are found between Industrial Relations Climate and Job Satisfaction, Organizational Identification; and negative relationships are found between Industrial Relations Climate and Instrumental Commitment, Turnover Intention. ¡]2¡^Job Satisfaction is found positively related to Organizational Identification; and negative relationships are found between Job Satisfaction and Instrumental Commitment, Turnover Intention; but the result is only partial. ¡]3¡^Employees in Financial Holding Company are higher Industrial Relations Climate, Salary Satisfaction, Promotion Satisfaction, Organizational Identification and lower Turnover Intention than Employees not in Financial Holding Company. ¡]4¡^Employees in merging company are lowerer Industrial Relations Climate, Job Satisfaction, Organizational Identification and higher Turnover Intention than Employees in non-merger company. ¡]5¡^Employees in merged company are lower organizational identification and higher turnover intention than employees in non-merger company.

Abstract Globalization and joint of WTO have made Taiwan government to speed up the opening of banking services. The banks in Taiwan are forced to modify their business models in order to increase their competitiveness, especially after the Financial Holding Company Law announcing. All dimension business models for banking industry has handicap for the needs of specific field. Hence, banks have to focus more on the market position and segmentation. Targeting and development of the regional central branch system is an innovation of business model for integrating the current operating system of local branch and organization. The central branch system is able to gather up resources and produce the effect of specialization Many banks have put central branch system into practice and have received significant achievements, although some banks hang back. Therefore, our study tries to analyze the performance of the central branch system by the seven dimensions business model, and proposes the operating strategies. From the reviews of literature we build up the business model theory, which guide our interviews to the five selected banks. We reach the following conclusion. 1. Route types and backup system play the key roles for operation of the regional central branch system. 2. Operating process has the secondary importance in our seven dimensions business model. 3. Technical innovation, surprisingly, is not important. 4. The viewpoints of the seven dimensions business model for senior and middle managers are slightly different for any single interviewed banks. However, for the comparison of these five banks, the viewpoints for all these senior and middle managers are very consistent. 5. Banks under financial holding company or not do not have different viewpoint. However, banks under financial holding company emphasize more on standardized and profound overall services. Banks not under financial holding company pay more attention on the depth and extent of their products. Keywords: consumer banking, the regional center of consumer banking, financial holding company, business model, competitive strategy.

none

THESIS ABSTRACT A Study of a Customer satisfaction and Operating Strategy of Financial holding company - An Empirical Study of Barits International Securities Company. The most important thing to 14 Taiwanese Financial holding companies is to find the market which is suitable to them. At the same time, financial holding companies should improve their service quality and customer satisfaction continually. Mega Holdings is one of the three biggest financial holding companies in Taiwan. Currently,Mega Holdings has its paid-up capital at NT$113,657 million and total consolidated assets at NT$2 trillion. Mega Holdings keeps developing financial derivative products to differentiate with other financial holding companies. So Mega Holdings is an ideal for us to study. Base on the five elements of service quality from Parasuraman et al¡O(1985), we develop six important items to customer satisfaction. They are ¡§professional knowledge¡¨, ¡§efficiency¡¨, ¡§security¡¨, ¡§charge negotiation¡¨ and ¡§IT system¡¨. According to these items, we proceed with our empirical study of Barits International Securities Company to know the degree of customer satisfaction and provide valuable references to long-term operating strategies for financial holding companies. Key words¡GCustomer satisfaction, Service quality, financial holding companies, Barits International Securities Company