For the past years more and more well-managed middle-size enterprises in Taiwan have tried to be more competitive and become multination-base enterprises through diversification. A lot of research indicates that the diversification can result in unique competitive advantages. However it also indicates that the degree of diversification is no more one of the important indexes of business performance. This study was conducted to investigate how to integrate resources within a diversified enterprise to create the management synergies and channel them back to subsidiaries for more growth. Based on various theories regarding resource-base view, diversification, resource building and resource leverage, this study empirically documented that the resource integration among subsidiaries is positively related to the existence of business groups and their growth within a mature industry. The results of this study indicate that: 1. Business profits can be generated through resource-integration strategy even during the period of a macro-economic recession. 2. Either related diversification and unrelated diversification could be achieved when enterprises are able to effectively use related techniques and resources. 3. The diversified enterprises can exploit resources to create new management synergy through resource building, resource leverage and resource integration. 4. Whether resource integration can be achieved hinges heavily on the subsidiaries willingness to cooperate. Key Words: Resource-Based View Theory, Diversification, Resource Leverage, Resource Building, Resource-Integration, And Business Performance

Abstract The peak time for the security investment trust company number is in 2004 and 2005, with a total of about 45 companies at that time. However, the number of companies are decreasing. Presently, only 39 in the security investment trust industry are continuing. Observing the current situation of the security investment trust industry, it could be found that companies with large asset size are permanently staying large. In addition, companies in the behind sector are facing difficulties with management, abatement of cash flow and deterioration of constitution that all cause a vicious cycle. This research is studied by quality methodology, through initial data from in-depth interviews and secondary data of the industry. The analyses of Porter¡¦s Five Forces and external industry environment are used in order to understand the competition of the security investment trust industry and its profitability in a long-term. By in-depth interviews, the analyses of competitor benchmark and core competences are diagnosed so as to find out reasons why these behind sector companies in the past can reach the top 10 in the asset scale now. Eventually, core- competences and direction of constitution for medium size firms can be built via case studies. The result of this study discovers that core competences of a company are formed by its own advantages, and core competences of an enterprise are built via an enterprise¡¦s strategic resources. The leverage and consolidation for resources can help to create sustainably competitive advantages. By attestation and conclusion, these top 10 companies are able to properly implement enterprises¡¦ resources for product innovation, trade record and channels. They all have clear strategic positions and distinctive business models.

El bajo peso del recién nacido, es considerado como un indicador general de salud en los países en vías de desarrollo, de allí la importancia de obtener los factores que más influyen en el bajo peso al nacer. Utilizamos el análisis de Regresión Logística para clasificar a los recién nacidos en dos grupos: bajo peso al nacer y peso normal al nacer. El estudio se basa en todos los pacientes que se atendieron en el Instituto Materno Perinatal durante los meses de Enero a Junio del presente año. El presente trabajo no se limita a la estimación de parámetros del modelo; se realiza la validación de supuestos, evaluación de la bondad de ajuste del modelo, análisis de los residuos, detectar observaciones influyentes y finalmente la evaluación de la capacidad predictiva del modelo propuesto. / The low weight of the recent born, is considered like a general indicator of health in developing countries, of there the importance of obtaining the factors with more influence in the low weight when being born. We used the analysis of Logistic Regression to classify to the recent born in two groups: low weight when being born and normal weight when being born. The study is based on all the patients who were taken care of in Perinatal Maternal Institute during the months from January to June of the present year. The present work is not limited to the estimation of parameters of the model; it is made the validation of assumptions, evaluation of the kindness of adjustment of the model, analysis of the residues, to detect influential observations and finally the evaluation of the predictive capacity of the proposed model.

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Family firms play a significant role in the U.S. economy, making up about 35 percent of S&P 500 or Fortune 500 companies and contributing about 65 percent to the U.S. GDP. This research explores differences in strategic behavior and firm performance between family firms and non-family firms, and further explores whether family firms such as Dell Inc. that use their founding family’s name as part of their firm name (termed family-named firms, or FN firms) behave and perform any differently versus family firms such as Gap Inc. whose firm name does not include their family’s name (termed non-family-named firms, or NFN firms). The first study which is based on a multi-industry sample of 130 publicly listed U.S. family firms over a five-year period (2002–2006), reveals that compared to NFN firms, FN firms have significantly higher levels of corporate citizenship and representation of their customers' voice (i.e., presence of a chief marketing officer) in the top management team. FN firms also have a higher strategic emphasis (i.e., a greater emphasis on value appropriation relative to value creation) compared to NFN firms. Furthermore, FN firms perform better (i.e., have a higher ROA) than NFN firms, and their superior performance is partially mediated by their higher corporate citizenship levels and strategic emphasis. In the second study — an event study of 1294 product introduction announcements of 107 publicly listed U.S. family firms from 2005-2007 — I find that relative to NFN firms, FN firms are rewarded more by the stock market for introducing new products. Superior returns to FN firms’ new product introductions are partially mediated by these firms’ history of trustworthy product-related behavior: FN firms, particularly those with corporate branding, and those wherein a founding family member holds the CEO or Chairman position, are more likely to exhibit a history of avoiding such product-related controversies as product safety issues, and deceptive advertising. The third study explores differences in strategic behavior and firm performance between family firms and non-family firms in the context of 7 U.S. economic recessions between the years 1970 and 2008. Findings based on a sample of 428 U.S. publicly listed firms reveal that family firms consistently outperform non-family firms during economic recessions. This superior performance is partially driven by family firms’ unique strategic behavior: during recessions, family firms maintain higher levels of advertising intensity, exhibit lower financial leverage, and get involved in fewer social and employee-related unethical actions than non-family firms. The three studies taken together have important implications for family firm, branding, CSR, firm valuation, and innovation-related theory and practice. I highlight these implications in my dissertation. / text

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Darbo tikslas – išanalizuoti NASDAQ OMX Baltic listinguojamų įmonių kapitalo struktūrą pasirinktose sektoriuose(energetika, finansai, gamyba). Baigiamojo darbo pagrindinis uždavinys - išsiaiškinti esamus kapitalo struktūros skirtumus tarp sektorių - energetika, finansai, gamyba. Kapitalo struktūros tyrimas apima: atskirų sektorių analizę, veiksnių, lemiančių kapitalo struktūros pasirinkimą, nustatymas, pastarosios finansų krizės įtakos įmonių skolinimuisi įvertinimą. Tyrimą sudaro trys dalys: kapitalo struktūros teoriniai aspektai, NASDAQ OMX Baltic listinguojamų įmonių (energetika, finansai, gamyba) kapitalo struktūros tyrimo metodologija ir tyrimo rezultatai. Atliktas tyrimas patvirtino 2 iš 3 išsikeltų hipotezių. Pirma, nustatyta, kad tarp skolinto kapitalo dydžio ir termino egzistuoja koreliacija. Antra, veiksniai susiję su skolos-turto santykiu buvo turto materialumas ir turto nusidėvėjimas. Trečia, pasaulinė krizė neturėjo įtakos įmonių skolinimuisi, priešingai – skolos dydis įmonių kapitalo struktūroje išaugo. Empirinio tyrimo rezultatai patvirtino, kad egzistuoja kapitalo struktūros skirtumai tarp pasirinktų sektorių. / The aim is to examine whether the NASDAQ OMX Baltic capital structure of listed firms is different in sectors (energy, finance, manufacture) and determine the factors leading to the level of debt. Final working key task is to find out the current capital structure differences across sectors (energy, finance, manufacture).Capital structure analysis of individual sectors includes analysis of the determinants of capital structure choice, as well as assess the latter's financial crisis on corporate borrowing. The study consists of three parts: the capital structure theoretical aspects, survey methodology and results. Study carried out by two of three set in the hypotheses. First, the amount of leverage and maturity there is a correlation. Secondly, factors related to the debt-asset materiality of the assets and asset depreciation. Thirdly, the global crisis did not affect the borrowing companies. Empirical study has confirmed the existence of capital structure differences among the selected sectors.

Irrespective of the previous investigations, dependence of the image of the urban environment on a combination between a) physical objects, b) relationship and connection between objects and c) dynamics of human activity rather than on the material expression of the activity alone, remains insufficiently investigated in both Lithuanian and foreign works. It is this aspect that forms the subject of the investigation of the present work. Its main attention is focused on the impact the urban environment has on city image. The novelty of the work consists in the following: 1) criteria and methodology forassessing city image are presented, indicators for city image-building are proposed; 2) dependence of city image on the urban environment is considered; 3) urban measures that help create city image in the desired direction in an organised way are reviewed. Objective and Goals of the Work. The objective of this work is to define the principles of analysing and applying city image as a result of human activity. The goals of this work are as follows: 1) to define the concept of city image as a psychological construct; 2) to specify the connection between city image and behaviour of the people; 3) to establish major indicators of a contemporary city image – the criteria according to which it is expedient to investigate city image; 4) to review key measures for urban planning, having an impact on the modification of city image; 5) to substantiate the advantage of the city centre... [to full text]

El bajo peso del recién nacido, es considerado como un indicador general de salud en los países en vías de desarrollo, de allí la importancia de obtener los factores que más influyen en el bajo peso al nacer. Utilizamos el análisis de Regresión Logística para clasificar a los recién nacidos en dos grupos: bajo peso al nacer y peso normal al nacer. El estudio se basa en todos los pacientes que se atendieron en el Instituto Materno Perinatal durante los meses de Enero a Junio del presente año. El presente trabajo no se limita a la estimación de parámetros del modelo; se realiza la validación de supuestos, evaluación de la bondad de ajuste del modelo, análisis de los residuos, detectar observaciones influyentes y finalmente la evaluación de la capacidad predictiva del modelo propuesto. / --- The low weight of the recent born, is considered like a general indicator of health in developing countries, of there the importance of obtaining the factors with more influence in the low weight when being born. We used the analysis of Logistic Regression to classify to the recent born in two groups: low weight when being born and normal weight when being born. The study is based on all the patients who were taken care of in Perinatal Maternal Institute during the months from January to June of the present year. The present work is not limited to the estimation of parameters of the model; it is made the validation of assumptions, evaluation of the kindness of adjustment of the model, analysis of the residues, to detect influential observations and finally the evaluation of the predictive capacity of the proposed model.

Discrete choice models form a class of models widely used in econometrics for modelling the individual choice from a finite set of alternatives. The most widely used model is the multinomial logit model, implicitly assuming independence of irrelevant alternatives. A generalization is the nested multinomial logit model, relaxing this strong assurnp tion. Viewing both models as nonlinear regression models a set of diagnostics is derived. This includes a hat matrix, measures of leverage, influence and residuals and an approximation to the parameters for case deletion. In an example for the multinomid logit model a good performance of these diagnostics is observed and the parameter approximation by the proposed formula is better than a one step Newton-Raphson procedure. In an example for the nested logit model a constructed outlier with high influence is revealed by the measures of leverage and residual, but the parameter approximation is insufficient. (author's abstract) / Series: Forschungsberichte / Institut für Statistik