Since small and medium ¡Vsize enterprises (SMEs) have played a fundamental role in the economic development of this country, as a intermediary, the financial assistance of Taiwan SMEG to SMEs, is the greatest contribution to the above, nevertheless, Taiwan SMEG has been immersing in a predicament of financial deficit due to the unbalanced budget for a long time. Except the Package Credit Guarantee has introduced the concept of total risk control, all the others like the Authorized Approach and the Normal Approach have not introduced yet. For its perennial operation, Taiwan SMEG must set up an appropriate system for the rate of guarantee fees to achieve self-contained and self-sufficient condition, also to obtain the best efficiency under its limited resources. This paper uses the market ¡Vbased risk neutral model developed by Kuo (2006) to estimate the probability of default of banking loan assets through the risk premium of each banking loan, further to stimulate the guarantee fees by using the actuarial valuation principles. The purpose of this model is to react the degree of credit risk on the stimulated guarantee fees , making the fees pricing mechanism reasonable and fair . The model also analyzed the cost of subrogation payment under default cases by different industry , making it a reference for banks and Taiwan SMEG. The empirical results show that: 1.The credit guarantee fees stimulated by this model are approximately fair comparative to the actual subrogation payments of default cases reimbursed by Taiwan SMEG. The result provide evidence that the model possess the power of fitness for estimating the default cost of subrogation payment. 2.The degree of credit risk can actually react on the guarantee fees through using this model. It is essential to set up different range for rate of guarantee fees according to the subrogation payment ratio of default cost caused by respective guaranteed industry. The result suggests that Taiwan SMEG should amplify the extreme energy of guarantee through reasonable and fair use of its limited resources. Using the data of Taiwan SMEG guaranteed cases, this paper also analysis the default cost between the cost of funds and earning profits for the banking loans. The banks in Taiwan earn less profits than before under the overbanking environment. The competitive bank¡¦s loan pricing strategy leads to extreme loss while the default cases occur. In the lights of risk management , banks have become a high risk and low return industry. It is essential for banks to emphasize the loan quality and pricing strategy when expanding their loan business. Banks must simultaneously evaluate the RAROC under a perfect risk management system, so that the monetary environment can be improved and banks can take advantage of it by earning reasonable profits.

This article examines predictors of the future market value of microcap pharmaceutical companies. This is problematic since the large majority of these firms seldom report positive net income. Their value comes from the potential of a liquidity event such as occurs when a key drug is approved by the FDA. The typical scenario is one in which the company is either acquired by a larger pharmaceutical firm or enters into a joint venture with another pharmaceutical firm. Binary logistic regression is used to determine the impact of the firm's drug treatment pipeline and its investment in research and development on the firm's market cap. Using annual financial data from 2007 through 2010, this study finds that the status of the firm's drug treatment pipeline and its research and development expenses are significant predictors of the firm's future stock value relative to other microcap pharmaceutical firms.

This study examines how H&M, Arket, and Monki communicates sustainability in their campaigns on IGTV, and how they work with sustainable marketing to highlight their ethical capital. To investigate this, a thematic semiotic analysis has been applied. Based on the analysis, the chosen theme can see how different brands communicate sustainability. The semiotic analysis is applied to interpret the meaning of the material and how the visuals can be presented as sustainable. With the help of Bourdieu's theory of capital, an in-depth analysis has been made of how the companies communicate sustainability and what potential differences could depend on. The discussion answers how companies work with sustainable marketing to highlight their ethical capital. The conclusion is that companies' sustainable marketing can increase the company’s ethical capital. On the other hand, we also conclude that campaigns cannot contribute to an ethical entrepreneurship, but merely to increased value creation for companies.

Orientador: Jose Francisco Graziano da Silva / Tese (doutorado) - Universidade Estadual de Campinas, Instituto de Economia / Made available in DSpace on 2018-08-08T08:54:59Z (GMT). No. of bitstreams: 1 Balsadi_OtavioValentim_D.pdf: 3535913 bytes, checksum: 8d4686119ba52c4646032886d25b5716 (MD5) Previous issue date: 2007 / Resumo: A presente Tese analisou, por um lado, a evolução das principais características e da qualidade do emprego no mercado de trabalho assalariado agrícola e, por outro, das condições de vida das famílias dos empregados na agricultura brasileira no período 1992-2004, com base nos dados da Pesquisa Nacional por Amostra de Domicílios (Pnad). Para a análise, foram construídos dois índices sintéticos, calculados para os empregados permanentes e temporários, e respectivas famílias, residentes nas áreas rurais e urbanas das Grandes Regiões do Brasil. O Índice de Qualidade do Emprego (IQE), que também foi calculado para seis culturas, foi elaborado a partir de um conjunto de 14 indicadores, agregados em quatro dimensões: nível educacional dos empregados; grau de formalidade do emprego; rendimento obtido no trabalho principal; e auxílios recebidos pelos empregados. O Índice de Condições de Vida (ICV) foi elaborado a partir de 17 indicadores selecionados, de forma a mensurar quatro dimensões de grande relevância no cotidiano das famílias: as características do domicílio; o acesso aos serviços públicos; o acesso aos bens duráveis; e a renda média familiar. Os resultados evidenciaram um quadro de importantes melhorias que, obviamente, não foram homogêneas para todas as regiões, culturas selecionadas, categorias de trabalhadores e tipos de famílias analisadas. Na qualidade do emprego, apesar de aumentos no IQE de, praticamente, todas as categorias de empregados, a principal constatação foi a tendência de polarização no mercado de trabalho assalariado agrícola. Em 2004, as melhores condições de emprego ocorreram na região Centro-Oeste, enquanto as piores foram verificadas no Nordeste. Apesar dos importantes avanços na categoria dos empregados temporários, o IQE dos permanentes ainda era muito mais elevado. No tocante às culturas selecionadas, os dados mostraram melhores condições de emprego nas commodities internacionais vis-a-vis as tradicionais culturas domésticas. Os índices parciais de rendimento no trabalho principal e de grau de formalidade, que compõem o IQE, foram os que mais contribuíram para os avanços em todas as categorias de empregados. Na evolução das condições de vida das famílias dos empregados houve avanços em, praticamente, todos os tipos de famílias agrícolas e pluriativas, em todas as regiões. Um dado importante é que houve sensíveis reduções nas diferenças de ICV entre as famílias pluriativas e as agrícolas, especialmente nos índices parciais ligados às condições do domicílio e ao acesso aos serviços públicos. Os maiores ICVs foram registrados, no geral, para as famílias urbanas, pluriativas e de empregados permanentes. Em oposição, os ICVs mais baixos eram os das famílias rurais, agrícolas e de empregados temporários / Abstract: This thesis analyzed not only the evolution of the main characteristics and the quality of the employment in salaried agricultural labor market but also the life conditions of the employees' families in Brazilian agriculture in the period 1992-2004, based on the National Household Sample Survey (Pnad) data. For the analysis, two synthetic indexes were built for the permanent and temporary employees and respective families, resident in rural and urban areas of the Great Regions of Brazil. The Employment Quality Index (EQI), also calculated for six crops, was built assembling 14 indicators that considered four dimensions: employees' educational level; employment degree of formality; main work income; and benefits received by the employees. The Life Conditions Index (LCI) was built assembling 17 selected indicators, in order the measure four relevant dimensions in the families? daily life: the households? characteristics; the access to public services; the access to durable goods; and the family average income. The results showed that important improvements took place in the period, obviously not homogeneous for all the Regions, all the selected crops, all the workers' categories and all the analyzed family types. Regarding to the employment quality, the main result was the polarization tendency in the salaried agricultural labor market, in spite of the EQIs? increases in almost all the employees? categories. In 2004, the best employment conditions happened at the Center-West Region, while the worst happened in the Northeast. In spite of the important progresses in the temporary employees' category, the EQI of the permanent ones was even much higher. Concerning the selected crops, the data showed better employment conditions in the international commodities vis-à-vis the traditional domestic ones. The partial indexes that mostly contributed to the progress of all the employees? categories were the main work income and the degree of formality. In the evolution of life conditions of the employees' families progresses took place in practically all the types of agricultural families and plural active families in all the Regions. It is important to evidence is that there were sensitive reductions in the differences of LCI between the plural active families and the agricultural ones, especially in the partial indexes regarded to the household conditions and to the access to the public services. The largest LCIs were registered for urban families, plural active families and families of permanent employees. In opposition, the lowest LCIs were the one of the rural families, agricultural families and families of temporary employees / Doutorado / Desenvolvimento Economico, Espaço e Meio Ambiente / Doutor em Economia Aplicada