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The effect of capital investment and ownership structure on the operational performance of iron and steel industry.Chen, Bing-hung 04 August 2010 (has links)
One of the goals for an enterprise is to increase the operation performance. However, there are several factors may affect the operation performance. According to the reviews, we found that many researches are discussing the impact of capital investment and ownership structure on the operation performance under different industries.
Iron and steel are the mother of industry and also the essential raw materials for production. The development of Taiwan¡¦s iron and steel industry has expanded overseas to enhance the competitive ability and operation performance. Therefore, this research focus on Taiwan¡¦s iron and steel companies which are already listed in the stock exchange and over-the-counter markets and we use regression to analyze the relationship between capital investment, ownership structure and operation performance of those companies. The ownership structure plays a role of interference factor to test the relation between capital investment and operation performance.
According to the result, we found that the relation between shares of directors and supervisors and operation performance is positive. Also the effect of the capital investment on operation performance is remarkable when take the ownership structure into consideration. This result not only shows the different between iron and steel industry and other industries but also gives practical suggestions for company managers and investors. Before investment, both enterprise and investors could estimate the operation performance of a company base on two factors, the capital investment and shares of directors and supervisors.
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The Influence of Entrepreneur's Personal Resources and Social Capital on Start-up Resources - A Case Study of Kaohsiung Small and Medium Steel CompaniesHuang, Huang-Chih 11 February 2011 (has links)
In this study, We use the entrepreneur¡¦s personal resources and social capital to explore the content of the resources of small and medium steel enterprise. Its purpose is to understand the entrepreneurial small and medium steel companies in the personal course of business, what resources are put into individual entrepreneurs, What resources are obtained through social networks; and the relevance between entrepreneur¡¦s personal resources and social capital.
In Entrepreneurial resources, we integrate RBT and characteristics of the steel industry to development the study of entrepreneurial resource perspective, and was divided into "assets" and "capabilities" of two variables. Entrepreneurs are using personal resources Huang (2003) view that "knowledge, capability, experience" and "organizational factors" two variables. In social capital, by Halpern (2008) view of social capital, that " bonding", " bridging", "social norms" and "sanctions" of four research variables. This study adopts a qualitative case study methods to entrepreneurs interviews to obtain first hand coding analysis, and the following conclusions:
1. Entrepreneur¡¦s " knowledge, capability, experience " have a positive influence to the enterprise¡¦s assets and capabilities.
2. Entrepreneur¡¦s "organizational factors " have a low positive influence to the enterprise¡¦s assets, but have a positive influence to the enterprise¡¦s capabilities.
3. The bonding social capital have a positive influence both to the enterprise¡¦s assets and capabilities.
4. The bridging social capital have a low positive influence to the enterprise¡¦s assets, but have a positive influence to the enterprise¡¦s capabilities.
5. The social norms of social capital have a positive influence both to the enterprise¡¦s assets and capabilities.
6. The sanctions binding of social capital have a positive influence to the enterprise¡¦s assets, but have a positive influence to the enterprise¡¦s capabilities.
7. Social capital have a high correlation for entrepreneur¡¦s personal resources , so social capital have a positive influence to entrepreneur¡¦s personal resources.
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OTC before and after the Corporate Governance of Family Business -Taking Steel Industry Company S as ExampleKuang Chien, Hung 08 August 2011 (has links)
It is generally accepted that with the rapid development of Taiwan's economy, the number and size of domestic companies amplified increasingly. Evidences show that over the past decade of domestic market growths and international expending, the company goes stock options to public increasingly. For time beings, industries in Taiwan have been evolved from agricultural into industrial in the structure of SMEs, and family-run business has been staying as a very important role. Numbers of evidences indicate that many listed company lack of internal corporate governance result in corporate governance disputation.
In this study, the literature analysis and qualitative analysis of in-depth interview have taken as the main research methods. Continue to realizing the status of family business operating under the corporate governance and for their import model.
According to empirical results, the research has the following conclusions: (1) A positive influences on company's operating performance and business strategy when one company lead by a professional managers. (2) A positive influences for matters of business strategy when the financial statements be transparent and open decision-making. (3) A positive evidences show managers possessing professional competence and decision-making capacities lead to the company's operating impact. (4) The higher degree of familiarities on financial indicators and transparency result in the improvement to one company¡¦s performance. (5) Actual benefits revealed when the advocates on corporate governance mechanism policies, the mandatory guidelines and regulations at the preliminary stage.
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The Marketing Strategy of Stainless Steel Industry in Mainland China, take Taiwanese Company as Research Sample.Lee, Chong-Wei 21 July 2004 (has links)
Abstract
From 1992, the economy of Mainland China grew up faster, and the supply of stainless steel fell serious short of demand, the sample company will plan to produce at 2005 in China. Our research focuses on their marketing strategy in China, and bases on the research result. We conclude as below:
1. The advantage of culture different
¡@¡@The interaction between Taiwan and Mainland China is very frequently, no matter in commerce activities, political and so on. Related to other foreign companies, the Taiwanese companies get more advantage in culture parts, like same language, living situation and also avoid the culture shake, so, the Taiwanese companies could get more information than the foreign companies. But the companies still pay attention to deal with the localization.
2. The better managerial abilities
Related to local companies, the Taiwanese companies have a complete managerial system, for a new comer, it will help company to gain more performance, but the Taiwanese companies still need to keep the organization flexible to hold the competitive advantage.
3. Quality control
Related to local company, the Taiwanese companies have perfect manufacture procedure, for a new comer, it will help company to gain best quality, but the Taiwanese companies still need to develop new products continually, to hold the competitive advantage.
4. Product price setting flexible
When company sets price in China market, the price setting system should let the customers feel they had been treated fairly and reasonably, when the companies use quantity discount, allowance, payment term system, flexible price will make the customers feel more valuable.
5. Effective in promotion activities
When companies hold promotion activities, the salesman should notice the customer¡¦s feeling, they play an important role in face to face presentation, and they have to pass the knowledge and information to customers, the technical personnel and agent also can co-operate the promotion, in charge of new market development and enhance the interaction between the customers and companies.
Keyword: Mainland China, SWOT, Marketing Strategy, Stainless Steel Industry
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The Possibility of Promoting Collaboration Commerce for Steel Industry. ¡V A Case Study of Big sized Enterprises in TaiwanChen, Ming-Ho 17 January 2005 (has links)
The Possibility of Promoting Collaboration Commerce for Steel Industry ¡V A Case Study of Big sized Enterprises in Taiwan.
Student¡GMing-Ho Chen Advisor¡GPhd. Chin-Fu Ho
Department of Information Management National Sun Yat-sen University
Abstract
The time of high steel price is coming ,the competitive rules is still not change are low cost and discriminatory is the same as depression in economy .It is important to care for customer service product added values and to reduce management costs to prevent cycling from previous Dilemma .Collaboration Commerce is the perfect solution to promote competitive capability and to reduce cost for B2B. Collaboration Commerce is not only to share information to reduce cost but also promote market effective ,further , to create a transaction-platform for customer and supplier. Collaboration Commerce is not successfully in Domestic steel industry ,although electronized enterprise very early. Therefore, the introduction of IOS shall not only start from technological aspect, but also have to evaluate as a whole from collaboration, organization and technology. Hence, this research is based on the three major scopes of IOS addressed by Kumar and Crook (1999), and explores inter-organizational collaboration¡¦s influence on Collaboration Commerce through IBM e-Business Collaboration Tool / evaluation model for supplier ; furthermore, combines TEMPLET evaluation model to analyze enterprise¡¦s organization and technology capability to predict the possibility for domestic steel enterprises to promote Collaboration Commerce in the future. This research adopts qualitative research method and combines secondary literature to discuss the pioneer enterprises promotion processes, which implement the project of Collaboration Commerce , and through the analysis to verify and correct the initial concept model and theoretical claims of the research framework. Furthermore, in terms of case analysis, the research object is the big sized steel companies and their subcontractors of the big sized steel industry. Steel industry is one of the traditional domestic industries, which required highly specialty and labor division, all of its products have to be closely cooperated between manufacturers and subcontractors, so it is the model of standard upper and lower supply chains relationship, however, its supply chains still lack of information system¡¦s support till now. Therefore, it is expected to estimate the feasibility for Steel industry to promote Collaboration Commerce to upper and lower supply chains through this research, and bring up appropriate business model and relevant suggestions according to research results.
This research shows that case enterprise¡¦s Collaboration for supplier¡¦s capability is inferior to the pioneer enterprises C.S.C., on one hand it is because of the different industrial natures, and on the other hand is not ready for workflow . In terms of organization management and IT¡¦s capability, case enterprise has common or above organization levels, so it has adequate operating flexibility, however, to see as a whole, Furthermore, the research shows the problem and successful case and the implement strategy &planning. Case enterprises to implement Collaboration Commerce in the future shall enhance the strength and improve the weakness in evaluation model, and have all the supply chains levels up and balanced ,still great chances for it to promote Collaboration Commerce successfully in the future ,can improve the production ¡B Inventory ¡Bpurchase¡Bcustomer desire get good optimized,to integrate interenterprises from inner to outer and less labor via organization and technology.specially,it is easy to be successful in grouping enterprises for Collaboration Commerce ,because it is be shared for information and data transactions .Low cost and discriminatory are the keypoints in competition enterprises need to investigate the key performance indicator any time ,included people ¡Awrkflow ¡Astrategy etc. it shall have a team to promote Collaboration Commerce and discuss it one another by the top leader's support.
This research gives the steel enterprises that want to promote Collaboration Commerce 9 specific discoveries and 2 specific discoveries in organization and IT listed below: ¤@¡BOrganization and technology
1.The work flow of companies involve considerable human intervension due to sale discounts or seasonal adequate raw material.
2.Case enterprise care for intergrating application system and database will be helpful to promote Collaboration Commerce.
¤G¡BCollaboration for supplier
1. Digital divide exist still severely in suppliers of raw material and MRO due to the performance of investment.
2. Standardize is going in progress ,but communication and coordination process slowly.
3. Government¡¦s policy have the successfully cases ,so it will be lasting to be pushed
4. Collaboration ¡¥s capability of the case enterprises ¡¥s for supplier is not adequate due to not integrated database and work flow .
5. The definition of workflow and business rules is not accordance with interorganization .
6.The Circumstances for design collaboration have the new desires in globalization .
7.The transparant of inventory information is not yet acceptable in steel industry due to privileges.
8. The investment is too high in collaboration will be considered if implement collaboration commerce by efficient.
9. Collaboration production is helpful with each other in supply chains to share iinformations and closely customer relationship.
It is also expected to provide more valuable references for steel enterprises that want to promote Collaboration Commerce by this research.
Keywords: steel industry, IOS, Collaboration Cmmmerce ,supply chains,TEMPLET
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A Case Study of Reverse Merger on Steel Industry -An empirical case of Taiwanese CompanyLin, Chun-Yi 07 February 2006 (has links)
Abstract
In the global steel industry, some of the regional steel makers start to mergers and acquisitions in order to increase their competitive ability and market share in faces of the crisis that the market share unceasingly glides down. In recent years, the merge and reorganization of steel industry become more popular. It¡¦s to form more professional and bigger group through expanding the productivity, the regional enterprise's merge, the vertical integration and international strategy alliance and so on merge.
This research about merger of the H Company and the U Company is not only the first large-scale merge case in the domestic stainless steel industry, but also the first reverse mergers¡¦ case of listed companies and unlisted companies (include emerging stock board companies).It also means the pioneering case in the age. The ¡§reverse mergers¡¨ which above-mentioned plan uses is an item of advanced accounting concept . It mainly focuses on the economical essence of merger, which one can obtain the actual domination and which one is easier to obtain the approval of creditor and supervising institution. Therefore it changed the traditional idea about merger to the public.
Integrating with the discussing procedure to above reverse mergers¡¦ case, there are three consolidated problems to be supposedly noticed. Hopefully this research can offer the alternatives to those enterprises that want to pick the merge way through this kind of exterior growth opportunity to expand their competitive ability in the domestic more frequent merge case, and for their reference when they take action concerning reverse mergers.
In addition, this research valuation above case¡¦s reasonable intrinsic value by the Discounted Free Cash Flow Model (DCF Model) and the Edwards-Bell-Ohlson Model (EBO Model), and check whether my projection about the stock swap proportion under the DCF model and EBO model are reasonable by making the sensitivity analysis of the price-to-book ratio. The reasonable area of trading the stock swap proportion sector supposedly should be between 4.45 and 4.68 after this research¡¦s calculation by the above two valuation method. However, the proportional difference reaches 38% to 45% with the comparison of the bilateral company resolution 1¡G3.22. Obviously, it was not appropriately responded the intrinsic stock value for both of companies on trading the stock swap proportion, and makes the sensitivity analysis by the price-to-book ratio also to support the DCF model and result of the EBO model computation.
Although the bilateral companies still have to considerate a lot of factors to final the stock swap proportion, then they could negotiate the acceptable stock swap proportion. But , the data ,the enterprise value, which was calculated by the relative value approach should still has the reference value.
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A System Dynamic Study in Steel Industry for the Strategy of CO2 MitigationChen, Chun-Da 29 June 2007 (has links)
The development of steel industry makes progress simultaneously with economy and society of a country. The steel industry is an important industry for each country. From 2001, there was an insufficient supply gap of steel due to strong demand of China, which pushes main integrated steel works to increase their capacities. However, the mitigation pressure of the emission of Green House Gas make a limitations for capacity expansion. The objective of this study is to make appropriate policies for integrated steel works to cope with new operation environment.
From the analysis of steel industry, this study discovers the features and the related operation issues of global steel industry. The relationship between production and CO2 emission was investigated, and the casual loop among the production, revenue, and CO2 emission was analyzed. A dynamic model was developed by system dynamics approach and related tools to simulate the dynamic relationship between the revenue and CO2 emission of steel work. After thorough tests of reliability, model behavior, and policy implications, this model was used to investigate the influence of main operational and environmental parameters on the revenue of steel work. The appropriate production policies for steel works was also proposed.
Simulation results showed that, there was no universal production policy without the economic penalty for CO2 emission, but keeping the production under regulation limit was the most suitable strategy after the implementation of economic penalty. Increasing energy utilization efficiency, the ration of R&D budget in annual profit, and lowering the growth rate of production would facilitate the revenue increase of steel work. The simultaneous adjustment of these parameters could downgrade the negative effect of economic penalty.
The main strategy to cope with the pressure of the CO2 mitigation is to reduce the unit cost of mitigation. Four approaches can be adopted by the steel work to tackle the CO2 mitigation. They are (1) carefully scheduling the capacity expansion of steel work, (2) actively deriving the legislation of economic penalty for CO2 emission, (3) reducing the unit cost for CO2 mitigation, (4) enhancing the power of R&D activities.
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A system dynamics based study of policies on reducing energy use and energy expense for Chinese steel industry /Zheng, Longbin. January 2007 (has links) (PDF)
Master's thesis. / Format: PDF. Bibl.
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Producer gas practice in the steel industryHodges, Horace Wilfred. January 1930 (has links) (PDF)
Thesis (Professional Degree)--University of Missouri, School of Mines and Metallurgy, 1930. / The entire thesis text is included in file. Typescript. Illustrated by author. Title from title screen of thesis/dissertation PDF file (viewed December 14, 2009) Includes bibliographical references (p. [52]) and index (p. [53]).
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Options for achieving a 50% reduction in steel industry CO₂ emissions by 2050Waugh, Rachel Louise January 2013 (has links)
No description available.
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