Working Paper
42 search hits
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Takata
(2019)
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Stefan Schmid
Felix Roedder
- In less than 30 years, Takata ascended from a local Japanese manufacturer of seat belts
to the world’s second-largest supplier of safety systems within the automotive industry. Rapid
international expansion was a main driver of the firm’s growth. Takata had to develop adequate
strategies to keep up with this development. The result was a broad array of configuration and
coordination strategies, which are at the heart of this case study. To get to the bottom of Takata’s
internationalization approaches, we begin by examining general characteristics of the automotive
safety industry. We then introduce Takata and highlight the specific features of its international
growth. Building on these cornerstones, the case study outlines Takata’s configuration and
coordination strategies, citing examples from its international production and its international R&D
activities. We also show how the company found itself sliding into a product recall crisis on an
unforeseen scale, and we hypothesize how far Takata’s strategies may have expedited its subsequent
downfall.
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The Minder Initiative and Executive Pay Narratives in Germany and Russia
(2014)
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Ihar Sahakiants
Marion Festing
- Based on a media content analysis of the coverage of the “Minder
Initiative” in Switzerland and the discussion related to golden parachutes for senior
managers of public corporations in Russia and Germany, we analyse the
differences in reactions to and perceptions of the above phenomena in both
countries. Our results show that although the public discourse in both countries is
mainly fuelled by political parties, the arguments, consequences and measures
surrounding these subjects differ substantially. While the narrative in Germany is
built around income fairness in general, the discussion in Russia takes on a pathdependent shape around managing state-owned corporations. Given the
comparably short history of the transformation of corporate governance
institutions in Russia, the social norms in this country have been shaped by socioeconomic changes that have taken place since the mid-1980s.
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Analyse von Credit Spreads in Abhängigkeit des risikofreien Referenzzinssatzes
(2010)
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Ulrich Pape
Matthias Schlecker
- Der Credit Spread von Unternehmensanleihen lässt sich in Prämien für Kredit-,
Spread- und Liquiditätsrisiken zerlegen. Als risikofreier Referenzzinssatz wird dabei
in der wissenschaftlichen Literatur üblicherweise die Rendite von Staatsanleihen
verwendet. Der vorliegende Beitrag untersucht, welche Kapitalmarktrenditen alternativ
als Referenz verwendet werden können. Dazu müssen die Renditen, die praktisch
kein Ausfallrisiko aufweisen dürfen, an einem liquiden Markt ermittelt werden, der das
gesamte Laufzeitspektrum abdeckt. Von den in diesem Beitrag untersuchten Kapitalmarktzinssätzen
eignen sich sowohl die Renditen von Staatsanleihen als auch Swapsätze
als risikofreie Referenz bei der Ermittlung des Credit Spreads. Da sich Swapsätze
und Staatsanleihenrenditen voneinander unterscheiden, hängt die absolute Höhe
des Credit Spreads von der Wahl des risikofreien Referenzzinssatzes ab. Zentrale Bedeutung
kommt daher der Interpretation des Renditeunterschiedes zwischen Staatsanleihen
und Swaps – dem Swap Spread – zu. Aktuelle empirische Studien legen nahe,
den Swap Spread als Attraktivitätsprämie für Staatsanleihen zu interpretieren. In
diesem Fall müssten Aussagen von Studien, die den Credit Spread als Renditedifferenz
zu Staatsanleihen berechnen und in einzelne Risikoprämien aufteilen, neu betrachtet
werden.
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Entering New Markets and Diversifying Business
(2019)
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Stefan Schmid
Sebastian Baldermann
- E-commerce has grown considerably in recent decades and has had a disruptive impact on the
retail industry. In this context, Amazon, one of the major players in (online) retailing and beyond, has been
able to expand its business activities continuously in many countries. The present case study sheds light on
the internationalization of Amazon, with a particular focus on the company’s acquisitions. The study
illustrates that Amazon’s acquisitions over the last decades had two major objectives. First, acquisitions
helped Amazon enter new markets and strengthen its presence in specific regions. Second, taking over
other companies allowed Amazon to broaden its activities, for instance, by expanding the product portfolio,
improving customer service, gaining additional knowledge and expertise or by opening up new business
areas.
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Blueprints from the U.S.?
(2003)
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Stefan Schmid
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What has Perlmutter Really Written?
(2006)
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Stefan Schmid
Mario Machulik
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L' internationalisation et les décisions des dirigeants
(2005)
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Stefan Schmid
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Strategies of Internationalization
(2009)
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Stefan Schmid
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Do we Care about Relevance in the International Business Field?
(2010)
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Stefan Schmid
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Grenzüberschreitende Akquisitionen und zentrale Konsequenzen für die internationale Marktbearbeitung
(2007)
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Stefan Schmid
Thomas Kotulla