Industrial organization

CCSC Technology International Holdings Limited Appoints Jung Yi Chiu as Chief Strategy Officer

Retrieved on: 
Jeudi, avril 25, 2024
Electrical engineering, Sale, Electricity, National Taiwan University, Taipei Exchange, CCSC, Industrial organization, AVC, Electronics, Marketing, Growth, Management

Hong Kong, April 25, 2024 (GLOBE NEWSWIRE) -- CCSC Technology International Holdings Limited (the “Company” or “CCSC”) (Nasdaq: CCTG), a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products, including connectors, cables and wire harnesses, today announced that the Company has appointed Mr. Jung Yi Chiu as the Chief Strategy Officer of the Company, effective May 1, 2024.

Key Points: 
  • Hong Kong, April 25, 2024 (GLOBE NEWSWIRE) -- CCSC Technology International Holdings Limited (the “Company” or “CCSC”) (Nasdaq: CCTG), a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products, including connectors, cables and wire harnesses, today announced that the Company has appointed Mr. Jung Yi Chiu as the Chief Strategy Officer of the Company, effective May 1, 2024.
  • He has a proven track record of driving strategic initiatives and fostering innovations to enhance growth and profitability.
  • Mr. Chiu joined the Company in August 2020 as the Develop Strategy Officer, and has since successfully led strategic initiatives to drive Industry 4.0-related projects and new business development at the Company.
  • Mr. Kung Lok Chiu, Chief Executive Officer and Director of the Company, commented, "We are delighted to appoint Mr. Chiu as our new Chief Strategy Officer.

A new measure of firm-level competition: an application to euro area banks

Retrieved on: 
Jeudi, avril 18, 2024
Glass, RPD, Journal of Economic Perspectives, Goldberg, Employment, Lead, Competition, SCP, Research Papers in Economics, TCF, Intuition, Laboratory, Euromoney, Bank of Canada, Calendar, International political economy, Manufacturing, Oxford Economic Papers, Harvard University Press, Paper, Linearity, R2, Environment, Delicatessen, System, Website, Panzar, Working paper, World Bank, Elzinga, Friends, Madiga, CPB, Investment, Lerner index, Statistics, Croatian National Bank, PDF, Elsevier, ECB, Industrial organization, Policy, Social science, JEL, Operations research, Internet, Journal, Research, Literature, European Central Bank, Journal of Economic Surveys, MRP, Commercial, Section 5, Financial intermediary, Ministry of Social Affairs, Elasticity, National bank, Government, Developed country, Cell, Tarazi, Wealth, Publishing, Springer Nature, Prudential, Marketing, Law, The Economic Journal, Lerner, L16, Business economics, OECD, International Monetary Fund, Section 4, Database, Section 3, Krieger, EMU, Section 2, Pressure, Central bank, Economics Letters, Bank, Jorgenson, Character, Sparkassen-Finanzgruppe, Life, EDS, American Economic Review, K2, Appendix, Applied economics, CEE, Palgrave Macmillan, Livret A, Bell Labs, GDP, Part, Country, Public policy, De Economist, Management, Publication, Motivation, Cooperative, Reproduction, IMF, Edward Elgar Publishing, Housing, Handbook, G21, Real estate

Abstract

Key Points: 
    • Abstract
      This paper extends Boone (2008) by introducing a competition measure at the individual
      firm level rather than for an entire market segment.
    • We apply this extended Boone indicator to individual bank-level competition
      in the loan market in the four largest euro area countries and Austria.
    • Our new measure of firm-level competition enriches and complements
      other competition measures and provides a promising starting point for future market
      power analyses.
    • The only measure among non-structural measures that is based on the
      concept of competition as a process of rivalry is the Boone (2008) indicator.
    • We introduce
      a new performance measure of competition by extending the Boone indicator to the
      individual firm level.
    • Introduction
      The ability to reliably measure competition is valuable to researchers, analysts, and
      policymakers, especially antitrust authorities, financial supervisors, and central banks.
    • One broad
      category of indicators often used to measure competition are structural competition
      measures, such as static concentration measures, and dynamic measures, e.g., entry and
      exit rates.
    • Out of these measures, the only measure based on the
      concept of competition as a process of rivalry is the Boone indicator.
    • This study introduces a new performance measure of competition by extending the
      Boone indicator to the individual firm level.
    • It thus measures the
      increase in profits in percent of one percentage point increase in efficiency, with marginal
      costs as measure of efficiency.
    • We extend the theoretical
      underpinning of the measurement of competition for the entire market of Boone (2008) by
      a new measure of individual firm-level competition.
    • A concern of the literature is the gap
      between the practical application and the theoretical framework of Boone (2008).
    • We introduce within the same theoretical
      framework a new measure of competition on firm level, the MRP.
    • Our new
      measure significantly augments the antitrust evaluative framework by shedding light on
      whether a merger results in a less competitive market.
    • Our novel indicator focuses on
      firms? incentives to enhance their relative efficiency, as manifested in the elasticity
      between relative profits and efficiency.
    • However, an inefficient firm that is foreclosed could be more
      competitive than the larger efficient firm that relies on its scale economies.
    • Our new metric of competition unveils
      banks? ability to influence their profitability in the short term by cutting costs relative to
      their peers.
    • The new MRP indicator provides the ability to assess the impact
      of individual banks? competitiveness on their interest rate-setting behaviour in loan
      markets.
    • Incorporating this information promises a more refined understanding of the impact and
      timing of monetary policy rates changes on the real economy.
    • Section 3 introduces within the Boone
      (2008) theoretical framework our new measure of individual firm-level competition,
      including the interpretation of the MRP.
    • Section 4 provides an application of our new
      ECB Working Paper Series No 2925

      6

      individual firm-level competition measure to the loan market.

    • The StructureConduct-Performance paradigm (SCP) provides a traditional framework in the field of
      industrial organization for analysing competition behaviour in markets.
    • Concentrated
      markets ease the possibilities to collude implicitly or explicitly and therefore concentrated
      markets result in higher prices and profits.
    • For example, a tougher competition
      setup may lead to a reallocation of market shares, potentially forcing some firms to exit
      the market.
    • This approach gives firms? strategic behaviour
      central stage and focuses on the strategic interaction on prices and quantities, known as
      conjectural variation.
    • Another measure from
      this strand of literature is the H-statistic developed by Panzar and Rosse (1987).
    • The only competition measure from this performance literature where competition is the
      outcome from a process of rivalry is the Boone indicator.
    • A continuous and monotonically increasing relationship exists between
      RPD and the level of competition if firms are ranked by decreasing efficiency.
    • (2013) compare the Boone indicator with the price-cost margin
      and conclude that the profit elasticity is a more reliable measure of competition.
    • The high
      elasticity of profits to efficiency unequivocally indicates that the high market shares and
      therefore high profits are due to high efficiency.
    • A firm that quickly passes changes to the input prices is seen as a price
      taker with little market power.
    • Indicators of competition tend to measure different phenomenon and may provide
      conflicting messages, as reported for European banking by Carbo et al.
    • Application 2: Test the ?quiet life? and related market structure hypotheses using the
      MRP as competition or market structure measure.
    • Data
      Our application to individual bank-level competition in the euro area loan market uses
      balance sheet and income statement data from the Moody?s Analytics BankFocus for the
      calendar years 2013-2020.
    • As such, most publications
      on competition in the euro area includes the largest four member states.
    • Due to these restrictions the database was reduced to an unbalanced panel of up to 1862
      banks (depending on the year) from five euro area countries.
    • Application 1: Measure bank competition using MRP
      Looking at the distribution of the MRP for individual banks (Fig.
    • A similar finding for the four largest euro area countries as a group is
      reported in Carbo et al.
    • Application 2: Test of market structure hypotheses using MRP
      Our new measure of individual-bank competition can be used to test market structure
      theories.
    • Euro area banks? market power,
      lending channel and stability: the effects of negative policy rates, European Central Bank
      Working Paper, 2790 (February).
    • A
      new approach to measuring competition in the loan markets of the euro area, Applied
      Economics, 43 (23), 3155?3167.
    • Impact of bank competition on the interest rate pass-through in the euro area, Applied
      Economics, 45 (11), 1359?1380.

ITM Appoints Dr. Mark Harfensteller as Member of its Executive Board

Retrieved on: 
Mardi, janvier 16, 2024
Engineering, Patient, Head, Industrial organization, Institute of technology, CFO, Knowledge, CBO, Science, NOVA, Good manufacturing practice, Cancer, GMP, Good, Mechanical, Quality of life, Supervisory board, ITM, CNL, Actinium-225, Therapy, Doctor of Philosophy, Research and development, Research, Pleasure, Societas Europaea, Radionuclide, ITM Group of Institutions, Mechanical engineering, Growth, Management

Garching / Munich, Germany, January 16, 2024 – ITM Isotope Technologies Munich SE (ITM), a leading radiopharmaceutical biotech company, today announced the appointment of Dr. Mark Harfensteller to its Executive Board.

Key Points: 
  • Garching / Munich, Germany, January 16, 2024 – ITM Isotope Technologies Munich SE (ITM), a leading radiopharmaceutical biotech company, today announced the appointment of Dr. Mark Harfensteller to its Executive Board.
  • Since 2016, he has held the position of Chief Operating Officer (COO) and Managing Director of ITM Medical Isotopes GmbH, a subsidiary of ITM SE.
  • As a Societas Europaea (“SE”) entity, ITM SE is governed by a two-tier board structure consisting of an Executive Board and a Supervisory Board, in which the latter oversees the Executive Board.
  • Under this framework, the Executive Board is comprised of members of the management team, while the Supervisory Board is generally controlled by shareholders.

LeddarTech Appoints Oren Dayan as Vice-President of Product Line Management and Business Development

Retrieved on: 
Mercredi, janvier 3, 2024
Software engineering, Computer science, Mobileye, Business, Research, Industrial organization, Original equipment manufacturer, ADAS, Business development, Growth, Bachelor of Science, Management

As Vice-President of Product Line Management and Business Development, Mr. Dayan will be instrumental in executing the company's automotive software roadmap and the business development objectives of LeddarTech.

Key Points: 
  • As Vice-President of Product Line Management and Business Development, Mr. Dayan will be instrumental in executing the company's automotive software roadmap and the business development objectives of LeddarTech.
  • Before joining LeddarTech, Oren served as Vice-President of Business and Programs at automotive technology company Tri-Eye, where he was successful in strategic product and business development, leading to significant growth.
  • "I am honored and enthusiastic to take on the Vice-President of Product Line Management and Business Development role at LeddarTech," Mr. Dayan stated.
  • "I am delighted to welcome Mr. Dayan as our newly appointed Vice-President of Product Line Management and Business Development," said Mr. Antonio Polo, Sr.

LeddarTech Appoints Oren Dayan as Vice-President of Product Line Management and Business Development

Retrieved on: 
Mercredi, janvier 3, 2024
Software engineering, Computer science, Mobileye, Business, Research, Industrial organization, Original equipment manufacturer, ADAS, Business development, Growth, Bachelor of Science, Management

As Vice-President of Product Line Management and Business Development, Mr. Dayan will be instrumental in executing the company's automotive software roadmap and the business development objectives of LeddarTech.

Key Points: 
  • As Vice-President of Product Line Management and Business Development, Mr. Dayan will be instrumental in executing the company's automotive software roadmap and the business development objectives of LeddarTech.
  • Before joining LeddarTech, Oren served as Vice-President of Business and Programs at automotive technology company Tri-Eye, where he was successful in strategic product and business development, leading to significant growth.
  • "I am honored and enthusiastic to take on the Vice-President of Product Line Management and Business Development role at LeddarTech," Mr. Dayan stated.
  • "I am delighted to welcome Mr. Dayan as our newly appointed Vice-President of Product Line Management and Business Development," said Mr. Antonio Polo, Sr.

Tsinghua forum explores modern global governance

Retrieved on: 
Lundi, novembre 13, 2023
School, Belt, Public policy, Economics, National University of Singapore, Social science, Research, Policy, Climate change, Nobel, Politics, Tsinghua University, CPC, Bangladesh Technical Education Board, Hoxhaism, Economy, National Committee, State, Chinese Public Administration Society, Commerce, Student, Ethics, Multimedia, Industrial organization, Communist party, Algorithm, Renmin University of China, Committee, CPPCC, Conference, Brookings Institution, Speech, Communication, Barrick Gold, Government, National university, Public, UNESCO, United Nations, Management, Humanities

Therefore, the forum aims to explore ways to create a more open, inclusive, collaborative, and diverse governance model within the context of modernization, effectively addressing global challenges and promoting global development.

Key Points: 
  • Therefore, the forum aims to explore ways to create a more open, inclusive, collaborative, and diverse governance model within the context of modernization, effectively addressing global challenges and promoting global development.
  • Sponsored by Tsinghua University and the Chinese Public Administration Society, the Modern Governance Forum was organized by the School of Public Policy and Management at Tsinghua University (Tsinghua SPPM).
  • The forum later split into two sub-forums: "Governance Modernization and State Development" and "Public Governance and Global Governance," presided by Zheng Yadong, executive vice president and secretary general of the 8th Council of the Chinese Public Administration Society and Peng Zongchao, Party secretary of Tsinghua SPPM, respectively.
  • Additionally, as global governance enters a new stage, characterized by competitions and collaborations around technological dominance, it reshapes the pattern of international governance.

Haven Appoints Daniel Wallace as New CEO, Co-Founder and CEO Jonathan Chao Transitions to Chief Product Officer

Retrieved on: 
Mardi, septembre 19, 2023
Other Professional Services, Software, Finance, Banking, Professional Services, Technology, Fintech, Security, Cerberus, MSR, Heart, Fidelity National Financial, Industrial organization, Lehman Brothers, Cerberus Capital Management, Partner (business rank), Multimedia, International Decision Systems, Haven, Venture, Conversational Capital, Carnegie Mellon University, Trustee, CMU, Entrepreneurship, Management, Bank, Figure

Haven Servicing, Inc. a leader in mortgage technology, has announced that Daniel Wallace has been appointed Chief Executive Officer.

Key Points: 
  • Haven Servicing, Inc. a leader in mortgage technology, has announced that Daniel Wallace has been appointed Chief Executive Officer.
  • Jonathan Chao, co-founder and CEO, will transition to Chief Product Officer, effective September 2023.
  • View the full release here: https://www.businesswire.com/news/home/20230918651344/en/
    New Haven CEO Daniel Wallace (Photo: Business Wire)
    “The mortgage industry is in a transformative period.
  • Haven enables all stakeholders to remain connected with their borrowers, throughout the life of their loan,” said Wallace.

Nayax Announces New Leadership Positions

Retrieved on: 
Lundi, mai 22, 2023
Information, Senior, Industrial organization, Face, Nayax, Yaron, Spacecom, Gilbarco Veeder-Root, MBA, Bachelor of Science, Technion – Israel Institute of Technology, TASE, Growth, Global Sales Law Project, Management, Orckit-Corrigent

Oren will be the first to serve as Chief Commercial Officer at Nayax and will be responsible for the company's global sales initiatives.

Key Points: 
  • Oren will be the first to serve as Chief Commercial Officer at Nayax and will be responsible for the company's global sales initiatives.
  • His role is to focus on the company's diverse and global customer base, while emphasizing their multi-year plans for growth.
  • Oren has over 20 years of sales experience, with more than ten years spent at large, international, publicly traded companies.
  • "These newly created positions are strategic to Nayax’s next phase of company growth and will further accelerate our global presence," said Yair Nechmad, Chief Executive Officer, Nayax.

Dr. Kyoo Il Kim Affiliates with Monument Economics Group

Retrieved on: 
Mardi, mai 16, 2023
Elasticity, Advertising, Industrial organization, Electronics, American Economic Review, Beer, Journal of Econometrics, Princeton University Department of Economics, Government, Economics, Economic Group, Journal, Canadian International Council, Michigan State University, Hostile witness, United, Management

ARLINGTON, Va., May 16, 2023 /PRNewswire/ -- Monument Economics Group, a leading provider of economic consulting services and expert testimony, is pleased to announce that Dr. Kyoo Il Kim has partnered with the firm as an Academic Affiliate.

Key Points: 
  • ARLINGTON, Va., May 16, 2023 /PRNewswire/ -- Monument Economics Group, a leading provider of economic consulting services and expert testimony, is pleased to announce that Dr. Kyoo Il Kim has partnered with the firm as an Academic Affiliate.
  • Dr. Kim is a Professor in the Department of Economics at Michigan State University.
  • "We are excited to be partnering with a person of Dr. Kim's experience and intellect," said Monument Economics Group Executive Vice President and co-founder Christopher Jackman.
  • "Monument Economics Group is a powerhouse on antitrust matters."

Renowned MIT Economist Dr. Richard Schmalensee Joins BRG's Antitrust & Competition Policy Practice as Senior Advisor

Retrieved on: 
Mardi, avril 18, 2023
BRG, MIT Sloan School of Management, Executive, American Economic Association, Industrial organization, Justice, International Securities Exchange, U.S. Department of Defense Strategy for Operating in Cyberspace, New Economics, The New York Times, The Wall Street Journal, Berkeley Research Group, Econometric Society, Multisided record, Policy, National Council of Applied Economic Research, Economist, U.S. Department of Justice Office of Legislative Affairs, American Academy, Public policy, Handbook, MIT, Distinguished Fellow of the British Computer Society, Public sector, Future, Competition law, Council, Council of Economic Advisers, Center for Business and Economic Research, Science, National Bureau of Asian Research, Book, National academy, Management, Economics, Schmalensee

BOSTON, April 18, 2023 /PRNewswire/ -- Global expert services and consulting firm Berkeley Research Group (BRG) announced today the appointment of Dr. Richard "Dick" Schmalensee as a senior advisor to the firm's Antitrust & Competition Policy practice.

Key Points: 
  • BOSTON, April 18, 2023 /PRNewswire/ -- Global expert services and consulting firm Berkeley Research Group (BRG) announced today the appointment of Dr. Richard "Dick" Schmalensee as a senior advisor to the firm's Antitrust & Competition Policy practice.
  • Schmalensee joins BRG's world-leading antitrust and competition practice on the heels of high-profile appointments including renowned experts Dr. David S. Evans and Dr. Rosa M. Abrantes-Metz , and the September appointment of distinguished antitrust economist Dr. David Sunding .
  • Schmalensee is the Dean, Emeritus, of the MIT Sloan School of Management, and Howard W. Johnson Professor of Management and Professor of Economics, Emeritus, at MIT.
  • "Professor Schmalensee is one of the foremost academics in the application of economics to competition policy issues.