WorldWideScience

Sample records for curricular joint ventures

  1. Joint ventures

    DEFF Research Database (Denmark)

    Sørensen, Karsten Engsig

    Afhandlingen analysere de konkurrenceretlige og selskabsretlige regler som er bestemmende for hvordan et joint venture samarbejde er struktureret......Afhandlingen analysere de konkurrenceretlige og selskabsretlige regler som er bestemmende for hvordan et joint venture samarbejde er struktureret...

  2. Joint ventures

    NARCIS (Netherlands)

    M.N. Hoogendoorn (Martin)

    2009-01-01

    textabstractEen veel voorkomende wijze van samenwerking tussen ondernemingen is het uitvoeren van activiteiten in de vorm van een joint venture. Een joint venture is bijna altijd een afzonderlijke juridische entiteit. De partners in de joint venture voeren gezamenlijk de zeggenschap uit. In internat

  3. Joint ventures

    NARCIS (Netherlands)

    M.N. Hoogendoorn (Martin)

    2009-01-01

    textabstractEen veel voorkomende wijze van samenwerking tussen ondernemingen is het uitvoeren van activiteiten in de vorm van een joint venture. Een joint venture is bijna altijd een afzonderlijke juridische entiteit. De partners in de joint venture voeren gezamenlijk de zeggenschap uit. In internat

  4. Curricular Joint Ventures: A New Chapter in US Cross-Border Education?

    Science.gov (United States)

    Eckel, Peter D.; Green, Madeleine F.; Affolter-Caine, Britany

    2004-01-01

    For universities in industrialized nations such as the United States, globalization poses relatively little threat and offers many benefits. This article identifies and describes one trend emerging from globalization--how American colleges and universities are leveraging their curricula internationally through joint ventures between universities…

  5. Curricular Joint Ventures: A New Chapter in US Cross-Border Education?

    Science.gov (United States)

    Eckel, Peter D.; Green, Madeleine F.; Affolter-Caine, Britany

    2004-01-01

    For universities in industrialized nations such as the United States, globalization poses relatively little threat and offers many benefits. This article identifies and describes one trend emerging from globalization--how American colleges and universities are leveraging their curricula internationally through joint ventures between universities…

  6. One Mission-Centered, Market-Smart Globalization Response: A Case Study of the Georgia Tech-Emory University Biomedical Engineering Curricular Joint Venture

    Science.gov (United States)

    Burriss, Annie Hunt

    2010-01-01

    One innovative, higher-education response to globalization and changing fiscal realities is the curricular joint venture (CJV), a formal collaboration between academic institutions that leverages missions through new joint degrees and research not previously offered by collaborating institutions (Eckel, 2003). In 1997, a pioneering biomedical…

  7. One Mission-Centered, Market-Smart Globalization Response: A Case Study of the Georgia Tech-Emory University Biomedical Engineering Curricular Joint Venture

    Science.gov (United States)

    Burriss, Annie Hunt

    2010-01-01

    One innovative, higher-education response to globalization and changing fiscal realities is the curricular joint venture (CJV), a formal collaboration between academic institutions that leverages missions through new joint degrees and research not previously offered by collaborating institutions (Eckel, 2003). In 1997, a pioneering biomedical…

  8. International joint ventures

    DEFF Research Database (Denmark)

    Sørensen, Karsten Engsig

    2001-01-01

    The article analysis problems connected with corporate joint ventures. Among others the possible conflicts between the joint venture agreement and the statutes of the companies is examined, as well as certain problems connected to the fact that the joint venture partners have created commen control...... over their joint company....

  9. Joint ventures in medical services.

    Science.gov (United States)

    Rublee, D A

    1987-01-01

    This paper is an overview of joint-venture activity in healthcare, describing trends in joint ventures and raising issues for physicians. The purposes are to discuss the major current facets of joint-venture alliances in healthcare and to identify policy issues that arise from the trend to use joint ventures as an organizational tool. Speculation is made about the future role of joint ventures in the organization of healthcare.

  10. Laundry joint venture.

    Science.gov (United States)

    Giancola, D; Voyvodich, M

    1984-12-01

    Many hospitals are concerned about the loss of control which is associated with contracting for linen service. On the the hand, many laundries do not have the resources or experience to serve hospitals in a comprehensive and trouble-free manner. In many communities a joint venture, such as the one described here, can successfully combine the interests of the hospital and laundry communities without causing the hospitals to lose control of the service and without requiring the laundry operator to have detailed knowledge of hospital operations. As more hospitals opt for contract service, and if this service is to be provided at the lowest total cost, the hospitals and the laundries must come to grips with the problems surrounding the laundry-hospital interface. A joint venture, such as that described here, is one way to accomplish this.

  11. Campus/Industry Joint Ventures.

    Science.gov (United States)

    McDonald, Eugene J.

    1985-01-01

    Opportunities for joint economic ventures of colleges and industry are discussed, and a variety of ventures undertaken by Duke University are outlined, including a health club, hotel, and office building. Tax and financing considerations are noted. (MSE)

  12. Campus/Industry Joint Ventures.

    Science.gov (United States)

    McDonald, Eugene J.

    1985-01-01

    Opportunities for joint economic ventures of colleges and industry are discussed, and a variety of ventures undertaken by Duke University are outlined, including a health club, hotel, and office building. Tax and financing considerations are noted. (MSE)

  13. OIG targets contractual joint ventures.

    Science.gov (United States)

    O'Hare, Patrick K

    2003-09-01

    A recent OIG Special Advisory Bulletin raises questions for providers involved in joint ventures. The Bulletin describes several characteristics that the OIG views as potentially suspect, including a referral stream controlled by the provider initiating the joint venture and the use of a wholly owned subsidiary of the provider to bill and collect for services. According to the OIG, profits paid by the subsidiary to the provider owner in such "suspect contractual joint ventures" could constitute illegal remuneration for referrals.

  14. Surgery center joint ventures.

    Science.gov (United States)

    Zasa, R J

    1999-01-01

    Surgery centers have been accepted as a cost effective, patient friendly vehicle for delivery of quality ambulatory care. Hospitals and physician groups also have made them the vehicles for coming together. Surgery centers allow hospitals and physicians to align incentives and share benefits. It is one of the few types of health care businesses physicians can own without anti-fraud and abuse violation. As a result, many surgery center ventures are now jointly owned by hospitals and physician groups. This article outlines common structures that have been used successfully to allow both to own and govern surgery centers.

  15. Structuring managed care joint ventures.

    Science.gov (United States)

    Williams, L

    1995-08-01

    Providers that undertake joint ventures to secure managed care contracts must understand the important governance, operational, legal, and political issues involved. Careful planning in all these areas can help ensure that the joint venture will meet its goals and avoid problems such as inappropriately negotiated contracts and legal violations.

  16. Organizational aspects of physician joint ventures.

    Science.gov (United States)

    Rublee, D A; Rosenfield, R H

    1987-03-01

    This article describes organizational forms of physician joint ventures. Four models are described that typify physician involvement in health care joint ventures: limited partnership syndication, venture capital company, provider network, and alternative delivery system. Important practical issues are discussed.

  17. Joint ventures in health care.

    Science.gov (United States)

    Pelfrey, S; Theisen, B A

    1989-04-01

    To remain competitive, many not-for-profit hospitals have turned to joint ventures with for-profit and other not-for-profit entities. The authors examine the organizational structures that are used most often to form joint ventures (contractual agreements, subsidiary corporations, partnerships, and not-for-profit title-holding corporations), as well as the advantages and disadvantages associated with each form. Nurse executives must be aware of the opportunities that joint ventures provide their institutions. These arrangements can help improve and expand services and profitability.

  18. 12 CFR 347.107 - Joint ventures.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 4 2010-01-01 2010-01-01 false Joint ventures. 347.107 Section 347.107 Banks... INTERNATIONAL BANKING § 347.107 Joint ventures. (a) Joint ventures. If a bank, directly or indirectly, acquires or holds an equity interest in a foreign organization that is a joint venture, and the bank or...

  19. US Joint Ventures 2014 revision

    Data.gov (United States)

    US Fish and Wildlife Service, Department of the Interior — A joint venture is a self-directed partnership of agencies, organizations, corporations, tribes, or individuals that has formally accepted the responsibility of...

  20. Finishing touch to joint venture

    CERN Multimedia

    2003-01-01

    "A new process for polishing titanium and its alloys has been announced following an agreement between Bripol (an Anopol/Delmet joint venture) of Birmingham and the European Organisation for Nuclear Reseach (CERN) in Geneva" (1 paragraph).

  1. US Joint Ventures 2014 revision

    Data.gov (United States)

    US Fish and Wildlife Service, Department of the Interior — A joint venture is a self-directed partnership of agencies, organizations, corporations, tribes, or individuals that has formally accepted the responsibility of...

  2. "Fraud alert": joint venture arrangements.

    Science.gov (United States)

    Vipperman, R M

    1989-01-01

    The Office of Inspector General of the Department of Health and Human Services recently issued a special "Fraud Alert" identifying those characteristics of joint venture arrangements that it views as indicators of potentially unlawful activity. As discussed in this article, participants in joint ventures should examine their arrangements to see if one or more of the questionable features are present, and, if so, should take steps to eliminate them, to the extent possible.

  3. IRS memorandum limits joint ventures.

    Science.gov (United States)

    Herman, A W

    1992-08-01

    Based on a new memorandum, the Internal Revenue Service (IRS) will be looking at joint hospital/physician activities with greater attention to the nuances of public versus private benefit. As a result, hospitals face greater risk of losing their tax-exempt status in the maze of joint ventures, physician recruitment, and practice acquisition. To be successful, ventures will have to be backed by sound reasoning and thorough documentation.

  4. Joint venture instability: a life cycle approach

    OpenAIRE

    Roy Chowdhury, Prabal; Roy Chowdhury, Indrani

    2001-01-01

    Joint ventures represent one of the most fascinating developments in international business. In the last few decades, the rate of joint venture formation has accelerated dramatically. Nowadays joint ventures are much more widespread and occur in industries like telecommunications, biotechnology etc. At the same time, however, it must be noted that joint ventures are very unstable. In this paper we survey the phenomenon of joint venture instability. We draw on the relative recent theoretical l...

  5. Joint venture instability: a life cycle approach

    OpenAIRE

    Roy Chowdhury, Prabal; Roy Chowdhury, Indrani

    2001-01-01

    Joint ventures represent one of the most fascinating developments in international business. In the last few decades, the rate of joint venture formation has accelerated dramatically. Nowadays joint ventures are much more widespread and occur in industries like telecommunications, biotechnology etc. At the same time, however, it must be noted that joint ventures are very unstable. In this paper we survey the phenomenon of joint venture instability. We draw on the relative recent theoretical l...

  6. Revamped, joint ventures make a comeback.

    Science.gov (United States)

    Peters, G R

    1991-08-01

    After a period of declining popularity, joint ventures are beginning to re-emerge as viable solution to challenges facing health care. Future joint ventures likely will be different, however, in response to problems and resulting legislation. Healthcare providers interested in starting a joint venture should consider five basic formats and some guidelines for developing them. Joint ventures ultimately may become a focal point for renewed efforts at regional healthcare planning.

  7. What Determines Joint Venture Termination?

    DEFF Research Database (Denmark)

    Nielsen, Bo Bernhard

    2012-01-01

    Joint venture (JV) research continues to flourish as researchers seek to advance our understanding of why so many JVs fail. Cui and Kumar (this issue) take a contingency approach to explain how and why business relatedness may provide new insights as to what determines JV termination...

  8. 22 CFR 228.34 - Joint ventures.

    Science.gov (United States)

    2010-04-01

    ... 22 Foreign Relations 1 2010-04-01 2010-04-01 false Joint ventures. 228.34 Section 228.34 Foreign Relations AGENCY FOR INTERNATIONAL DEVELOPMENT RULES ON SOURCE, ORIGIN AND NATIONALITY FOR COMMODITIES AND... Financing § 228.34 Joint ventures. A joint venture or unincorporated association is eligible only if each...

  9. Internationale joint ventures - udvalgte selskabsretlige problemstillinger

    DEFF Research Database (Denmark)

    Sørensen, Karsten Engsig

    2001-01-01

    Artiklen behandler en række problemstillinger som er særlige for joint ventures stiftet i selskaber af aktie-, anpartsselskabstypen. Bl.a. behandles en række problemer omkring joint venture aftalens forhold til selskabets vedtægter samt en række problemstillinger knyttet til det forhold at der er...... etableret fælles kontrol over joint venture selskabet....

  10. Valuing Joint Ventures Using Real Options

    OpenAIRE

    Ulrich Pape; Stephan Schmidt-Tank

    2005-01-01

    As the valuation of strategic measures becomes increasingly important, relatively few articles have discussed the valuation methods pertained for joint ventures. This paper shows that real options contribute to a better valuation of joint venture projects through superior reflection of the value drivers compared to traditional valuation methodology. Particularly, the strategic value of a joint venture and the value of flexibility that stems from a less than full commitment can be determined u...

  11. Joint ventures: to pursue or not to pursue?

    Science.gov (United States)

    Blaszyk, Michael D; Hill-Mischel, Jody

    2007-11-01

    Hospitals should carefully select joint venture partners. The joint venture evaluation process should involve a high-level screen of strategic opportunities. Hospitals should develop a full business plan for the joint venture.

  12. Physician joint ventures: new opportunities and risks.

    Science.gov (United States)

    Miller, Jeremy N

    2004-01-01

    Joint ventures involving physicians and institutions or lay investors had fallen out of favor in recent years because of concerns about transgressing government regulations. These regulations have now been clarified leading to a resurgent interest in these arrangements. This article outlines the business principles, control issues, legal setting, and the various modalities for joint venturing.

  13. Analysis of Joint Ventures Financial State

    Directory of Open Access Journals (Sweden)

    Alla V. Dmitrenko

    2013-01-01

    Full Text Available The article describes the basic techniques for the analysis of businesses financial state and methods that were adapted for the joint ventures activities, analyses joint venture financial state, makes conclusions and submits reasonable proposals for improvement of its future activities

  14. Joint Ventures: A New Agenda for Education.

    Science.gov (United States)

    Griffin, Dean

    1989-01-01

    The author states that vocational education can join in partnerships with industry, labor, and government to contribute to economic development. Examples of current programs are included. The "joint venture" concept is explained and ideas for forming joint ventures are shared. (CH)

  15. Joint Ventures: A New Agenda for Education.

    Science.gov (United States)

    Griffin, Dean

    1989-01-01

    The author states that vocational education can join in partnerships with industry, labor, and government to contribute to economic development. Examples of current programs are included. The "joint venture" concept is explained and ideas for forming joint ventures are shared. (CH)

  16. Healthcare joint ventures a CFO primer.

    Science.gov (United States)

    Boettiger, John R; Young, Teresa T

    2004-10-01

    Joint ventures can spread costs across the partners and bring in cash. Partners should be chosen carefully, taking into account expertise and resources offered, reputation, and benefits to be gained from the deal. Even after the joint venture is in place, it needs to be monitored regularly.

  17. Scanning for dollars. Joint ventures in imaging.

    Science.gov (United States)

    Miller, Jeremy N

    2003-04-01

    What are the latest models for joint ventures in medical imaging? What compliance obstacles do medical groups face? This article covers the opportunities and possible hazards of adding imaging services to your practice. Unless an imaging joint venture is both financially and legally feasible, it's not worth doing.

  18. The joint venture alternative to mergers.

    Science.gov (United States)

    Enders, R J

    1995-02-01

    However, while a joint venture may be "safe" from antitrust challenge, it is not without some practical difficulties, especially with respect to consolidating services at one location or jointly offering services provided at multiple facilities. These practical concerns include: 1. Who will exercise operational management of the joint venture? 2. How will the joint venture deal with different pricing for services that will be provided at multiple locations? 3. What criteria will be used to decide the location at which consolidated tertiary services will be offered? 4. In what circumstances can the joint venture be unwound, either in its entirety or as to discrete functions? When clinical services have been consolidated at one location, there is an appropriate concern by the other hospital that it will be unable to provide or re-enter the market for those services if the joint venture dissolves. These operational concerns, of course, are not addressed in the Consent Decree. Thus, even if a joint venture relationship survives antitrust scrutiny, the parties must still negotiate and resolve these operational issues in order for the joint venture to be viable.

  19. 15 CFR 296.8 - Joint venture agreement.

    Science.gov (United States)

    2010-01-01

    ... 15 Commerce and Foreign Trade 1 2010-01-01 2010-01-01 false Joint venture agreement. 296.8 Section... PROGRAM General § 296.8 Joint venture agreement. NIST shall not issue a TIP award to a joint venture and no costs shall be incurred under a TIP project by the joint venture members until such time as...

  20. Joint-venture Insurance Firm Born

    Institute of Scientific and Technical Information of China (English)

    2002-01-01

    @@ Generali China Life insurance Company Ltd.began operations in February this year in Guangzhou,capital of South China's Guangdong Province - the first joint-venture insurer since China joined the World Trade Organization.

  1. North American Joint Ventures 2014 revision

    Data.gov (United States)

    US Fish and Wildlife Service, Department of the Interior — A joint venture is a self-directed partnership of agencies, organizations, corporations, tribes, or individuals that has formally accepted the responsibility of...

  2. Migratory Bird Joint Ventures of New Mexico

    Data.gov (United States)

    Earth Data Analysis Center, University of New Mexico — A joint venture is a self-directed partnership of agencies, organizations, corporations, tribes, or individuals that has formally accepted the responsibility of...

  3. Choosing Your China Structure:Joint Ventures

    Institute of Scientific and Technical Information of China (English)

    RICHARD; HOFFMANN

    2009-01-01

    Forming a joint venture (JV) in China can be a successful endeavor as long as each side’s goals, contributions and responsibilities are mutual and understood. Unfortunately, this is not always the case,

  4. North American Joint Ventures 2014 revision

    Data.gov (United States)

    US Fish and Wildlife Service, Department of the Interior — A joint venture is a self-directed partnership of agencies, organizations, corporations, tribes, or individuals that has formally accepted the responsibility of...

  5. Guidelines for evaluating potential joint ventures.

    Science.gov (United States)

    Himmelsbach, W A

    1987-04-01

    Holy Cross Health System (HCHS), South Bend, IN, participates in 25 joint ventures; 9 of these involve partnerships with for-profit structures and 18 relate to activities with medical staffs. To ensure that such arrangements respect the sponsoring religious institute's requirements, HCHS follows a 16-point policy to guide the development of joint ventures. The policy requires joint ventures to: Have a specific purpose relevant to community health care needs; Strive to respond to need regardless of a person's race, creed, color, or ability to pay; Include in legal documents a statement of the intent to uphold Church teachings; Base their activities on an "arm's length" relationship; Undertake reasonable efforts to establish the entity as a not-for-profit, tax-exempt corporation; Confine operations to the subsidiary's service area unless collaboration with other Catholic-sponsored organizations is involved; Include a "dispute resolution" clause in organizational documents; Establish as the partner on adequately capitalized, wholly owned not-for-profit corporation to minimize liability exposure, if the HCHS is to be a general partner in the joint venture; Retain professional consultants approved by the corporate office; Maintain reserved powers for majority-owned or majority-controlled joint ventures that are ecclesiastical entities.

  6. The Cultural Context of Learning in International Joint Ventures.

    Science.gov (United States)

    Liu, Shimin; Vince, Russ

    1999-01-01

    A study of Chinese-Western joint business ventures showed that cultural context and different modes of managing and organizing must be considered. Successful joint ventures involve a process of collective, two-way learning. (SK)

  7. PRN 2011-1: Residential Exposure Joint Venture

    Science.gov (United States)

    This PR Notice is to advise registrants of an industry-wide joint venture, titled the Residential Exposure Joint Venture (REJV), which has developed a national survey regarding residential consumer use/usage data for pesticides.

  8. The Cultural Context of Learning in International Joint Ventures.

    Science.gov (United States)

    Liu, Shimin; Vince, Russ

    1999-01-01

    A study of Chinese-Western joint business ventures showed that cultural context and different modes of managing and organizing must be considered. Successful joint ventures involve a process of collective, two-way learning. (SK)

  9. Joint ventures: the trends and the potential pitfalls.

    Science.gov (United States)

    Wolff, S O

    1985-10-01

    Perhaps the hottest trend today in the health care field is the formation of joint ventures by hospitals and physicians. This article examines some of the critical success factors and the potential pitfalls of hospital physician joint venture arrangements.

  10. How providers can preserve mutually beneficial joint ventures.

    Science.gov (United States)

    Hoffman, S W; Olson, C E; Shirilla, P M

    1992-09-01

    Joint ventures between hospitals and physicians were formed at a dizzying pace during the 1980s. Many of these joint ventures are now a source of concern for both hospital and physician partners. In the following article, the authors discuss their experience with joint ventures in the wake of recent and proposed regulatory and legislative activity and present several practical strategies for hospital executives to consider regarding their joint ventures.

  11. MIT Experiments with Joint Venture Contract.

    Science.gov (United States)

    American School and University, 1981

    1981-01-01

    A new dormitory at Massachusetts Institute of Technology was constructed using a joint venture contract with safeguards and incentives that brought university, architect, and building contractor into a closer and more productive relationship than under conventional contract arrangements. (Author/MLF)

  12. Designing an International Joint Venture Negotiation Game.

    Science.gov (United States)

    Kenkel, Phil; And Others

    1996-01-01

    Evaluates a simulation game that models management problems encountered in negotiating and managing international joint ventures. Designed to instruct executives of state-owned agribusinesses in Indonesia in abstract concepts such as partner rapport, transfer price conflicts, and marketing disagreements, its success suggests that simulation games…

  13. Joint Venture Structuring in Restricted Industries

    Institute of Scientific and Technical Information of China (English)

    CHRIS; DEVONSHIRE-ELLIS

    2008-01-01

    When investing in China’s restricted in- dustries, it is essential to have a joint venture (JV) partner. Often the maximum percent- age of equity allowed in foreign ownership can only be 50 percent. So what options are available to the foreign investor to mitigate the risk of not owning, on paper, a majority

  14. Shell Expands Polystyrene Joint Venture in China

    Institute of Scientific and Technical Information of China (English)

    1997-01-01

    @@ Shell China Ltd. and Shell China Holdings BV, both wholly owned subsidiaries and part of the Royal Dutch/Shell Group of Companies, have signed a joint-venture agreement with Jinling Petrochemical Corporation (JPC) on October 17, 1997, in Nanjing, the East China's Jiangsu Province.

  15. MIT Experiments with Joint Venture Contract.

    Science.gov (United States)

    American School and University, 1981

    1981-01-01

    A new dormitory at Massachusetts Institute of Technology was constructed using a joint venture contract with safeguards and incentives that brought university, architect, and building contractor into a closer and more productive relationship than under conventional contract arrangements. (Author/MLF)

  16. Designing an International Joint Venture Negotiation Game.

    Science.gov (United States)

    Kenkel, Phil; And Others

    1996-01-01

    Evaluates a simulation game that models management problems encountered in negotiating and managing international joint ventures. Designed to instruct executives of state-owned agribusinesses in Indonesia in abstract concepts such as partner rapport, transfer price conflicts, and marketing disagreements, its success suggests that simulation games…

  17. Essays on equity joint ventures, uncertainty and experience

    NARCIS (Netherlands)

    Cuypers, I.R.P.

    2009-01-01

    Amidst increasingly global competition during the last decades, we observed a sharp increase in the number of joint ventures. As a result, joint ventures have triggered considerable enthusiasm in recent years among scholars and practitioners. However, studies have shown that most joint ventures fail

  18. How to establish and sustain a joint venture in China.

    Science.gov (United States)

    Lee, Paul

    2008-01-01

    Joint ventures with Chinese companies provide one of the most effective ways for international companies to establish a foothold in the booming Chinese economy. The benefits, opportunities and challenges of establishing a joint venture are explored here. Current partnering trends and successful Sino-foreign joint ventures in the fast-growing medical device industry in China are also highlighted.

  19. 15 CFR 296.7 - Joint venture registration.

    Science.gov (United States)

    2010-01-01

    ... 15 Commerce and Foreign Trade 1 2010-01-01 2010-01-01 false Joint venture registration. 296.7 Section 296.7 Commerce and Foreign Trade Regulations Relating to Commerce and Foreign Trade NATIONAL... PROGRAM General § 296.7 Joint venture registration. Joint ventures selected for assistance under...

  20. Essays on equity joint ventures, uncertainty and experience

    NARCIS (Netherlands)

    Cuypers, I.R.P.

    2009-01-01

    Amidst increasingly global competition during the last decades, we observed a sharp increase in the number of joint ventures. As a result, joint ventures have triggered considerable enthusiasm in recent years among scholars and practitioners. However, studies have shown that most joint ventures fail

  1. Joint ventures in health care: more than a sideline business.

    Science.gov (United States)

    Kaufman, K; Hall, M; Higgins, D

    1986-05-01

    Many times, healthcare joint ventures are considered second class, sideline businesses, and consequently, are not viewed as complex business relationships. However, compared to other small enterprises, the joint venture presents a complex list of legal and practical issues that must be understood and resolved. Such issues as organizational form, antitrust, reimbursement, licensing, and securities laws must be considered to ensure a successful joint venture.

  2. Hospital-physician joint ventures: maximizing the potential.

    Science.gov (United States)

    Pizzo, James J; Redd, Lewis

    2006-11-01

    Four primary hospital-physician models are per-click service agreements, management services agreements, gainsharing, and equity joint ventures. Four key attributes needed for successful joint ventures are clinical quality, customer satisfaction, operational effectiveness, and financial soundness. Hospitals and physicians need to approach joint ventures with expectations of high performance.

  3. Control of International Joint-ventures:A Literature Review

    Institute of Scientific and Technical Information of China (English)

    Rong Ding

    2013-01-01

    Joint-venture,which is considered as an important hybrid govern-ance structure between markets and hierarchy,has gained increasing popularity among firms that attempt to improve their competitive advantage through collabo-ration.This paper reviews the theoretical and empirical studies on control of joint-ventures with an emphasis on the specific control mechanisms used in practice to manage joint-ventures.Furthermore,special attention is given to how performance of joint-venture is measured and what determines its performance.This paper con-cludes with some suggestions for future research on control of joint-ventures.

  4. Pros and cons of the ambulatory surgery center joint venture.

    Science.gov (United States)

    Giannini, Deborah

    2008-01-01

    If a physician group has determined that it has a realistic patient base to establish an ambulatory surgery center, it may be beneficial to consider a partner to share the costs and risks of this new joint venture. Joint ventures can be a benefit or liability in the establishment of an ambulatory surgery center. This article discusses the advantages and disadvantages of a hospital physician-group joint venture.

  5. Public hospitals: the legal obstacles of entering into joint ventures.

    Science.gov (United States)

    Miller, J N

    1986-03-01

    Public hospitals, as public entities, are limited in many of their activities by state constitutions and statutes. One area where activity can be particularly limited is the joint venture. Constitutional and statutory limitations can influence several aspects of the joint venture: scope of activities, geographic boundaries, authority to enter into joint ventures, gift of public funds prohibition, and stock ownership. Therefore, public hospitals must be aware of possible legal obstacles and carefully consider their options.

  6. 16 CFR 801.40 - Formation of joint venture or other corporations.

    Science.gov (United States)

    2010-01-01

    ... 16 Commercial Practices 1 2010-01-01 2010-01-01 false Formation of joint venture or other... § 801.40 Formation of joint venture or other corporations. (a) In the formation of a joint venture or... contributing to the formation of a joint venture or other corporation and the joint venture or...

  7. Caveat emptor: joint ventures with specialty hospitals.

    Science.gov (United States)

    Kahn, Charles N

    2006-06-01

    A specialty hospital joint venture between a health system and physician investors may implicate anti-kickback and tax laws when physicians self-refer patients to the hospital, raising the issue of conflict of interest. Physician self-referral can motivate behavior, such as cherry-picking patients and increased utilization, which in turn leads to windfall profits for physician owners and weakens classic community hospitals. Hopitals can best serve the interests of patients and improve performance by building enduring partnerships with physicians.

  8. Joint ventures e a política antitruste brasileira Joint ventures and Brazilian antitrust policy

    Directory of Open Access Journals (Sweden)

    Ana Paula Avellar

    2012-12-01

    Full Text Available As políticas de defesa da concorrência integram atualmente o conjunto fundamental de instituições necessárias à promoção do crescimento e a busca das sociedades por arranjos mais eficientes. O presente trabalho tem como objetivo realizar uma análise da política antitruste brasileira concentrando-se no tratamento dado pelas autoridades à constituição de joint ventures. Na realização dessa tarefa, foram feitas revisões teóricas, constatações acerca dos procedimentos de autoridades internacionais sobre o assunto e um estudo empírico abordando casos julgados no Brasil entre os anos de 2002 e 2010. O resultado encontrado revela a inexistência de normatização específica para o tratamento das joint ventures no Brasil, culminando, assim, em uma relativa discricionariedade por parte dos órgãos do SBDC na análise desses atos.The antitrust policy is an essential part of the required institutions that support economic growth and the seeking for more efficient arrangements. This paper aims to examine the Brazilian antitrust policy, paying special attention to way that the authorities deal with the joint ventures. In order to reach this goal, we review the theoretical contributions, discuss the procedures adopted by international antitrust authorities and, more importantly, scrutinize the cases of joint ventures judged by the Brazilian watchdog along period 2002-2010. We conclude that there are not specific norms to be applied by the Brazilian antitrust commissionaires when they are judging joint ventures, allowing them to act with a relatively degree of discretion.

  9. Hospital-MD joint ventures move forward despite hurdles.

    Science.gov (United States)

    Hudson, T

    1991-05-01

    Although experts say joint ventures are not a financial cure-all for hospitals, hospital-physician partnerships continue to move forward on hospital agendas. Despite some of the regulatory and practical challenges facing would-be joint venturers, health care attorneys, hospital executives and consultants agree that well-planned joint ventures can reap significant rewards for all parties involved. From purchasing equipment together to arranging for joint ownership of an entire hospital, hospital administrators and physician groups are broadening the range of a business management tool with a successful track record. Says one hospital CEO involved in a joint venture with a competing institution, "What drives these things is what's in the best interest of the patients." Joint ventures, he concludes, are "going to be more and more a part of our future."

  10. R & D joint ventures and tacit product market collusion

    DEFF Research Database (Denmark)

    Martin, Stephen

    1996-01-01

    It is shown that R & D joint ventures make it more likely that firms will be able to sustain tacit product-market collusion, all else equal......It is shown that R & D joint ventures make it more likely that firms will be able to sustain tacit product-market collusion, all else equal...

  11. 46 CFR 67.37 - Association or joint venture.

    Science.gov (United States)

    2010-10-01

    ... 46 Shipping 2 2010-10-01 2010-10-01 false Association or joint venture. 67.37 Section 67.37... DOCUMENTATION OF VESSELS Citizenship Requirements for Vessel Documentation § 67.37 Association or joint venture. (a) An association meets citizenship requirements if each of its members is a citizen. (b) A...

  12. Joint Ventures: The Promise, Power and Performance of Partnering.

    Science.gov (United States)

    Francisco, Grace; Hannah, Kathryn Covier; Keller, Shelly G.; Waters, Joan; Wong, Patricia M. Y.

    This document provides case studies that represent a sampling of successful public library joint ventures in California and other U.S. cities and counties. Chapter 1 defines what a partnership is and how a joint venture differs from a partnership. It also describes the benefits of partnering, the knowledge, attitude, and skills required, and how…

  13. Charting the course of your institution's joint venture.

    Science.gov (United States)

    Sandrick, K

    1985-10-01

    To what degree does the board need to be involved in the development, planning, and implementation of joint ventures with the medical staff, other hospitals, or outside investors? This article examines the areas of joint venture planning where board involvement is most needed, from the examination of potential legal problems to the determination of realistic revenue targets.

  14. A joint venture in providing home care and community service.

    Science.gov (United States)

    Reifsteck, S

    1987-01-01

    General discussion of a joint venture providing home care and community service including future possibilities, business and financial aspects and demand is presented. The author then provides a group practice joint venture model including descriptions of operating structure, contract arrangements and management.

  15. The Role of Trust in Interorganizational Learning in Joint Ventures

    NARCIS (Netherlands)

    Janowicz, M.K.; Noorderhaven, N.G.

    2002-01-01

    Learning from the partner is considered to be one of the most crucial processes in a joint venture context.Simultaneously numerous advantages of joint venture relationships characterized by trust between partners have been identified.This paper investigates the role of trust in knowledge transfer an

  16. Dialysis facility joint ventures--current structures and issues.

    Science.gov (United States)

    Riley, James B; Pristave, Robert

    2005-07-01

    With the ongoing consolidation of the health care industry, including renal care, providers and physicians alike are using joint ventures as a means to partner on business transactions. This article discusses the expanding use of joint ventures in health care, including the dialysis industry, and looks at the types of structures being utilized and key legal concerns relating to such structures and issues.

  17. A new partnership: joint ventures and high-tech imaging.

    Science.gov (United States)

    Rutherford, R M

    1987-01-01

    Today joint ventures are a viable option for acquiring high-tech, high-priced imaging equipment. In this article based on his RSNA Associated Sciences presentation, Mr. Rutherford discusses a variety of issues concerning joint ventures: planning, tax considerations, structure and the ethics question.

  18. Joint ventures for mobile equipment reduce hospital costs.

    Science.gov (United States)

    DeMuro, P R

    1989-04-01

    Many hospitals cannot afford to purchase all of the high-technology equipment necessary to provide a full range of services. Healthcare organizations should consider entering a joint venture to gain access to mobile equipment. However, changes pending in Washington (see Up-data, p. 5) dictate caution for all healthcare joint ventures, particularly those involving physician investments.

  19. The post-formation management of international joint ventures

    DEFF Research Database (Denmark)

    Dao, Li

    2014-01-01

    International joint venture (IJV) is not a new organizational phenomenon in international business. Existing research in IJVs has provided a well-established body of knowledge informing much of the joint venture process from parent firms’ strategic consideration to implementation phase......, and particularly on major drivers of joint venture performance. Still, what we know less is about ‘soft’ aspects of collaboration underlying contextual constraints and dynamics in the joint venture process, such as individual sensemaking and identification. In light of this, the present paper aims at exploring...... a sensemaking approach to IJV post-formation management in search of capturing such ‘soft’, invisible managerial processes in a visible conceptualization that contributes to a better understanding of this complex organizational phenomenon. Empirical insights from cases of Danish – Vietnamese joint ventures...

  20. Joint ventures revisited: we're all in this together.

    Science.gov (United States)

    Kaufman, K; Hall, M; Higgins, D

    1986-03-01

    Healthcare organizations are finding it advantageous, and in some cases necessary, to join together to offer new services, seek economies of scale, or just stay in business. These partnerships can take various forms including joint ventures, shared service agreements, or multiprovider arrangements. together, they represent new approaches to operating more efficiently and effectively in a changing healthcare industry. This article marks the beginning of a three-part series on the joint venture in health care. The series explores possible joint venture models, explains the legal implications in setting up a joint venture, and shows how to evaluate a potential deal. Together they provide a background and a starting point for the financial manager considering the possibility of a joint venture.

  1. The Role of Trust in Interorganizational Learning in Joint Ventures

    OpenAIRE

    Janowicz, M.K.; Noorderhaven, N.G.

    2002-01-01

    Learning from the partner is considered to be one of the most crucial processes in a joint venture context.Simultaneously numerous advantages of joint venture relationships characterized by trust between partners have been identified.This paper investigates the role of trust in knowledge transfer and assimilation, jointly leading to the learning outcome in an interorganizational context.Propositions linking sources of trust to the processes of knowledge transfer and assimilation in joint vent...

  2. Public health service administration and academia. A joint venture.

    Science.gov (United States)

    Campbell, B F; King, J B

    1992-12-01

    Joint ventures between service and academia are designed to enhance the quality of client services, enrich faculty teaching experiences and skills, and strengthen communication channels. The joint venture described in this article is an example of how public health nursing services and academia can be united through faculty participation in administration. Included in the discussion are the impetus for the project, the contract negotiations, the positive outcomes and disadvantages of the venture, and questions that should be raised when a similar venture is considered.

  3. Launching a world-class joint venture.

    Science.gov (United States)

    Bamford, James; Ernst, David; Fubini, David G

    2004-02-01

    More than 5,000 joint ventures, and many more contractual alliances, have been launched worldwide in the past five years. Companies are realizing that JVs and alliances can be lucrative vehicles for developing new products, moving into new markets, and increasing revenues. The problem is, the success rate for JVs and alliances is on a par with that for mergers and acquisitions--which is to say not very good. The authors, all McKinsey consultants, argue that JV success remains elusive for most companies because they don't pay enough attention to launch planning and execution. Most companies are highly disciplined about integrating the companies they target through M&A, but they rarely commit sufficient resources to launching similarly sized joint ventures or alliances. As a result, the parent companies experience strategic conflicts, governance gridlock, and missed operational synergies. Often, they walk away from the deal. The launch phase begins with the parent companies' signing of a memorandum of understanding and continues through the first 100 days of the JV or alliance's operation. During this period, it's critical for the parents to convene a team dedicated to exposing inherent tensions early. Specifically, the launch team must tackle four basic challenges. First, build and maintain strategic alignment across the separate corporate entities, each of which has its own goals, market pressures, and shareholders. Second, create a shared governance system for the two parent companies. Third, manage the economic interdependencies between the corporate parents and the JV. And fourth, build a cohesive, high-performing organization (the JV or alliance)--not a simple task, since most managers come from, will want to return to, and may even hold simultaneous positions in the parent companies. Using real-world examples, the authors offer their suggestions for meeting these challenges.

  4. 15 CFR 295.23 - Dissolution of joint research and development ventures.

    Science.gov (United States)

    2010-01-01

    ... Development Ventures § 295.23 Dissolution of joint research and development ventures. Upon dissolution of any joint research and development venture receiving funds under these procedures or at a time otherwise... venture proportional to the Federal share of the costs of the joint venture as determined by...

  5. Ambulatory surgery center joint ventures involving tax-exempt entities.

    Science.gov (United States)

    Becker, S; Pristave, R J; McConnell, W

    1999-01-01

    This article provides an overview of the tax-exempt related issues for ambulatory surgery center joint ventures involving tax-exempt entities. The article analyzes the key points of analysis of the guidance released by the IRS, in particular General Counsel Memorandum 39862, Revenue Ruling 98-15, and Redlands Surgical Services v. Commissioner of the Internal Revenue Service. These key points include whether the venture results in private inurement to insiders and whether the venture furthers the charitable purposes of the tax-exempt entity. The article also provides practical guidance to analyze the documents and structure of the joint venture to ensure compliance with the IRS guidance. These practical considerations include, among other things, whether the charitable purposes of the tax-exempt entity are clearly expressed in the documents and whether the tax-exempt entity has sufficient control over the joint venture to ensure the charitable purposes are being adhered to.

  6. Joint-ventures as strategic choice--a literature review.

    Science.gov (United States)

    Lyons, M P

    1991-08-01

    The concept of 'strategic options' has become firmly established in recent years--this regards choices such as 'organic growth', acquisition, merger, and so on. This paper explores one such route forward, the option of joint-ventures. The examination is undertaken within a framework that considers market structures and the pressures for change. Initial sections introduce a form of analysis based upon the work of Michael Porter. This is used to suggest how and why joint-ventures and other alliances are attractive. Later discussion considers some of the practical considerations when setting-up a joint-venture.

  7. A sampling of joint venture opportunities for hospitals and physicians.

    Science.gov (United States)

    Gerber, L

    1985-05-01

    The fact that the term "joint venture" has become a buzz word in the hospital industry should not be allowed to obscure two basic facts. First, the concept is quite complex, involving tax and securities law issues as well as a number of important operational, financial, and governance issues. Second, the concept is an important one for the future of many hospitals. This article examines the misconceptions surrounding joint ventures and presents examples of actual joint ventures that hospitals have participated in, from physicians office building to home health agencies.

  8. Duke University: Licensing and Real Estate Joint Ventures.

    Science.gov (United States)

    McDonald, Eugene J.

    1984-01-01

    Joint ventures undertaken by Duke University with industry are reported that illustrate the imaginative arrangements and economic and otherwise advantageous structures possible in co-ventures. They include patent and trademark licensing, travel agency commissions, a racquetball and health club, a hotel, and an office building. (MSE)

  9. Duke University: Licensing and Real Estate Joint Ventures.

    Science.gov (United States)

    McDonald, Eugene J.

    1984-01-01

    Joint ventures undertaken by Duke University with industry are reported that illustrate the imaginative arrangements and economic and otherwise advantageous structures possible in co-ventures. They include patent and trademark licensing, travel agency commissions, a racquetball and health club, a hotel, and an office building. (MSE)

  10. 15 CFR 296.5 - Eligibility requirements for companies and joint ventures.

    Science.gov (United States)

    2010-01-01

    ... and joint ventures. 296.5 Section 296.5 Commerce and Foreign Trade Regulations Relating to Commerce... joint ventures. Companies and joint ventures must be eligible in order to receive funding under the... other company, to participate in any joint venture similar to those authorized to receive funding...

  11. United States -- Mexican joint ventures: A case history approach

    Energy Technology Data Exchange (ETDEWEB)

    Moore, N.L.; Chidester, R.J.; Hughes, K.R.; Fowler, R.A.

    1993-03-01

    Because the Mexican government has encouraged investment in Mexico by increasing the percentage of ownership of a Mexican business that a US company can hold, joint ventures are more attractive now than they had been in the past. This study provides preliminary information for US renewable energy companies who are interested in forming a joint venture with a Mexican company. This report is not intended to be a complete reference but does identifies a number of important factors that should be observed when forming a Mexican joint venture: (1)Successful joint ventures achieve the goals of each partner. (2)It is essential that all parties agree to the allocation of responsibilities. (3)Put everything in writing. (4)Research in depth the country or countries in which you are considering doing business.

  12. Colorado River Sewer System Joint Venture to Upgrade Wastewater System

    Science.gov (United States)

    SAN FRANCISCO -Today, the Colorado River Sewer System Joint Venture, located in Parker, Ariz. entered into an agreement with the EPA to upgrade their wastewater treatment system to meet stringent water quality standards. The cost of the upgrade is ap

  13. Anthropogenic climate change in the Playa Lakes Joint Venture region

    Data.gov (United States)

    US Fish and Wildlife Service, Department of the Interior — Anthropogenic climate change has been driving regional climate shifts in the Playa Lakes Joint Venture zone since at least the mid 1970s. As a result, summers are...

  14. China Says No to New Tobacco Joint Ventures

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    China will not launch any more tobacco joint ventures with foreign investors,according to Zhang Benfu,general manager of the China Tobacco lmport and Export(Group)Corp.Zhang states that China will not build any more joint venture cigarette manufacturing,tobacco processing or filter making facilities because the Chinese tobacco market is saturated and its cigarette production capacity is far in excess of demand.

  15. Joint venture versus outreach: a financial analysis of case studies.

    Science.gov (United States)

    Forsman, R W

    2001-01-01

    Medical centers across the country are facing cost challenges, and national commercial laboratories are experiencing financial declines that necessitate their capturing market share in any way possible. Many laboratories are turning to joint ventures or partnerships for financial relief. However, it often is in the best interest of the patient and the medical center to integrate laboratory services across the continuum of care. This article analyzes two hypothetical joint ventures involving a laboratory management agreement and full laboratory outsourcing.

  16. There's no profiting from a joint venture misadventure.

    Science.gov (United States)

    Herschman, Gary W

    2004-10-01

    In St. David's vs. IRS, a not-for-profit health system effectively challenged the IRS's determination that the system should be disqualified from tax exemption because it had entered a 50/50 joint venture with a for-profit system. The court decisions in St. David's, coupled with a recent IRS ruling, Revenue Ruling 2004-51, provide insight into how a not-for-profit hospital can structure such a joint venture to avoid jeopardizing its tax-exempt status.

  17. Joint ventures and illegal remuneration: the pressure is growing.

    Science.gov (United States)

    Sax, B M

    1986-03-01

    As the healthcare industry becomes more involved in joint venture activity, it must become more concerned with the possibility of illegal remuneration. Illegal remuneration, or the soliciting, receiving, offering, or paying of remuneration in return for the referral of patients or generation of business, is treated very seriously by HHS and the courts. Therefore, joint ventures must be constructed to avoid the danger areas as much as possible, or at least, minimize the risk.

  18. The impact of joint ventures on U.S. hospitals.

    Science.gov (United States)

    Harrison, Jeffrey P

    2006-01-01

    This quantitative research study assesses the organizational characteristics, market factors, and profitability of US hospitals that operate joint ventures with other health care organizations. Data was obtained from the 2001 American Hospital Association annual survey, the Area Resource File, and the Center for Medicare and Medicaid Services Minimum Data Set. These data files provide essential information on individual acute care hospitals, the communities they serve, and the level of financial performance. Descriptive statistics were evaluated and a logistic regression model was utilized to examine hospitals operating joint ventures. The study found hospitals that operate joint ventures are located in communities with more elderly patients, lower unemployment, and lower HMO penetration. From an operating performance perspective, hospitals that operate joint ventures have a higher occupancy rate, a higher average length of stay, more clinical services, lower long-term debt, and a greater number of managed care contracts. The results also appear to indicate that joint ventures have a positive financial impact on US hospitals. The study has managerial implications supporting the use of joint ventures to improve hospital performance and policy implications on resource allocation.

  19. Revised antitrust guidelines. Forming physician network joint ventures.

    Science.gov (United States)

    Anderson, K R

    1997-02-01

    What do physician executives need to know about antitrust guidelines? This article presents an overview of the revised "Statements of Antitrust Enforcement Policy in the Health Care Area," released in late 1996. Antitrust concepts and implicated federal statutes are described, and implications for forming physician network joint ventures are explored. Requirements of the revised standards used by the agencies to determine a permissible integration are addressed, as well as the factors considered in antitrust scrutiny of physician ventures.

  20. Hospital-physician joint ventures: threat-or opportunity?

    Science.gov (United States)

    Strode, Roger D

    2004-07-01

    Physicians are increasingly drifting away from their hospitals to form ventures that compete with those very hospitals. Healthcare executives are being pressed to think of creative ways to maintain relationships with their physicians and "stay in the swim" of the revenue stream generated by ancillary services. Among these arrangements are integrated "centers ol excellence," ancillary services joint ventures, physician medical director-management relationships, and exclusive specialty services contracts.

  1. US-French Joint Venture Signs Chemical Contracts in Shanghai

    Institute of Scientific and Technical Information of China (English)

    2003-01-01

    @@ A US-French industrial gas joint venture on May 23 signed two contracts with German BASF and Shanghai SECCO to provide gases for their plants at Shanghai Chemical Industry Park.The venture, Shanghai Chemical Industry Park Industrial Gases Company (SCIPIG), is funded by US Praxair Inc and French Air Liquide with an investment of US$ 100 million. Each has a 50 per cent stake.

  2. R&D returns, market structure and research joint ventures

    DEFF Research Database (Denmark)

    Amir, Rabah

    2000-01-01

    (one firm endogenously exiting). Two research joint venture schemes and the noncooperative solution are compared. Due to built-in symmetry, a joint lab does not always lead to the best performance. Overall, our findings differ quite substantially from those based on strongly decreasing R&D returns...

  3. EL CONTRATO DE JOINT VENTURE EN EL ESCENARIO DEL COMERCIO GLOBAL.

    OpenAIRE

    López Zamarripa, Norka

    2011-01-01

    SUMARIO: 1. Introducción 2. El contrato de Joint venture en el escenario internacional. 3. El contrato del Joint venture internacional. 4. El Joint venture como contrato en el derecho mexicano. 5. La relación de los contratos civiles y los contratos mercantiles. 6. El contrato del Joint venture en el régimen de la competencia económica. 7. El Joint venture en el derecho de la competencia en México. 8. Medios alternativos de solución de controversias en el contrato de Joint venture internacion...

  4. Learning from Success & Failure: International Joint Ventures in Emerging Markets

    DEFF Research Database (Denmark)

    Nielsen, Ulrik B.

    The purpose of the Ph.D. dissertation is to examine how do joint learning influence management of international joint ventures in emerging markets? Entering and developing presence in emerging markets often require foreign firms to set up International Joint Ventures (IJVs) with local partners...... their expectations. Inter-partner learning has been proposed in the literature as a major cause of IJV instability. However, current research indicates that when IJV partners engage in joint learning to create new IJV-specific knowledge that benefits both partners it stabilizes and sustains the IJV. Yet, joint...... learning in IJVs have rarely been examined in the context of IJVs in emerging markets. This paucity of studies concerning joint learning and knowledge creation in IJVs have been noted at a critical research gap in the literature....

  5. A guide to organizing joint ventures with physicians.

    Science.gov (United States)

    Peters, G R

    1986-12-01

    Catholic health care facilities must consider the business and legal risks, canon law, and other constraints when planning a joint venture with physicians. Participants should first establish goals and compatibility, then determine the venture's type (property, service), form ("true," lease, contract), and structure (corporation, partnership, joint property ownership, trust). The administrator must decide whether the facility will participate directly in the venture or form a separate organization. Participants must determine their relationships with the venture, choosing among many options. The administrator should consider whether a venture raises any canon law issues, especially regarding ecclesiastical and secular assets, approval by the local bishop or Holy See, and need for consultation. Other pertinent legal issues include: Fraud and abuse. The venture should not appear as compensation to induce referrals. Physician referrals. Many states prohibit or restrict referrals by physician participants. Antitrust law. Participants may be liable for actions constituting on antitrust violation. Securities low. Organizers must clarify Securities and Exchange Commission registration exemptions and observe state "blue sky" laws. Tax issues. Catholic health care facilities must consider such factors as tax-exempt status, unrelated business income, taxable subsidiaries, and public charity status. Other considerations include tax ramifications for physicians; tax shelter registration; certificate of need (CON), licensing, and building standards; effects on reimbursement and pension plans; organizational and bond documents; corporate medical practice and fee-splitting questions; and labor and contractual issues.

  6. Individual learning effects on knowledge transfer in international joint ventures

    DEFF Research Database (Denmark)

    Dao, Li Thuy; Napier, Nancy

    2016-01-01

    This paper examines micro (individual-level) aspects of knowledge transfer and learning in international joint ventures in an emerging economy context. Learning by expatriate and local managers appears far more complex, mutually dependent, and significant to the knowledge transfer process than...... suggested in existing literature. Building upon conceptualizations of individual learning and cognitive – behavioural effects in an organisational context while drawing evidence from two cases of Danish – Vietnamese joint ventures, we propose a model of individual-level knowledge transfer and learning...

  7. Hospital-physician joint ventures: new, menacing IRS stance.

    Science.gov (United States)

    Bromberg, R S

    1992-02-01

    To summarize, legitimate joint ventures between hospitals and members of their medical staffs to improve and increase the health care services and facilities available to the community are still possible without jeopardizing exemption. However, in joint ventures, and ultimately, in most other hospital-physician relationships, any time financial benefits are to be conferred upon physicians by the exempt hospital in which they practice, the hospital must be able to justify those benefits on the basis of benefits flowing directly to the community, and not indirectly through the increased referrals and admissions that the hospital expects to obtain.

  8. 13 CFR 126.616 - What requirements must a joint venture satisfy to submit an offer on a HUBZone contract?

    Science.gov (United States)

    2010-01-01

    ... joint venture. A qualified HUBZone SBC may enter into a joint venture with another qualified HUBZone SBC... certified as a qualified HUBZone SBC. (b) Size of concerns. (1) A joint venture of two or more...

  9. The Opportunity of Joint Venture Strategies in the Present Economic Context

    OpenAIRE

    Kardos Mihaela; Zegrean Adela

    2011-01-01

    Even if most successful joint ventures are created when economy is in glorious times, the reality of the last years has shown true possibilities of obtaining advantages by considering joint venture strategies during economic crisis. Some Romanian companies, as presented in the paper, have noticed that could transform the crisis into an opportunity, by offering foreign investors the perfect place to implement a joint venture strategy. Consequently, under the name of a joint venture agreement, ...

  10. TRANSFER OF MARKETING KNOWLEDGE IN THAI INTERNATIONAL JOINT VENTURE FIRMS

    Directory of Open Access Journals (Sweden)

    Osman Mohamad

    2010-07-01

    Full Text Available The focus of this study is the transfer of marketing knowledge within Thai joint venture firms. The perspectives of Thai managers were surveyed using a structured instrument. The analysis identifies seven dimensions of marketing management knowledge: promotion management, price management, logistics management, product innovation management, strategic marketing management, cross-cultural management, and target marketing management. The incidence of transfer is highest for activities in strategic marketing management, followed by price management. Transfer in product innovation management and target marketing management tends to vary with the age of the joint venture. Joint venture firms with foreign partners originating from Western, advanced, industrialised nations recorded the highest incidence of knowledge transfer occurring within product innovation management. This trend also holds true for the management of promotion activities. The incidence of transfer in target marketing management is lowest among firms with foreign partners from neighbouring nations. The incidence of knowledge transfer within product innovation and target marketing also tends to vary with the age of the joint venture. An analysis based on industry classification revealed that the transfer of knowledge regarding logistics management occurs most for firms in the manufacturing sector. In the service sector, the highest incidence of knowledge transfer within the areas of promotion management and target marketing management occurred in the agricultural sector.

  11. 'Soft' human resource management in small international joint ventures

    DEFF Research Database (Denmark)

    Dao, Li

    2012-01-01

    This paper examines the value creation aspects of HRM in international joint ventures of a relatively small size and their implications for strategic management. We assume that HRM in this context is rather a process than a function, and a ‘soft’ – humanistic rather than a ‘hard’, instrumentalist...

  12. Cooperation and conflict in international joint venture relationship

    NARCIS (Netherlands)

    Kemp, Ron

    1999-01-01

    This article reports the results of an empirical study focusing on the relationship between the relative dependence asymmetry of partners in a joint venture, the level and intensity of conflict between the partners, the level of trust and norms of exchange between the partners, and the performance o

  13. Dispute over Capital Contribution in A Joint Venture

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    @@ Basic facts In November 1994,the Claimant and the Respondent signed an agreement to establish a limited liability entertainment company (the joint venture).The contract required both parties to contribute capital,including a one-time payment of registered capital made within five months of acquiring the necessary license to conduct business.

  14. Sinopec and Shell Launch Their First Coal Gasification Joint Venture

    Institute of Scientific and Technical Information of China (English)

    Cheng Lixin

    2001-01-01

    @@ (Nov. 2, 2001, Beijing)Shell China BV(50 per cent) and Sinopec Corp. (50per cent) today signed a co-operation agreement to form a joint venture to construct and operate a US$ 136 million coal gasification project in Yueyang,Hunan Province.

  15. Teijin to Establish Polyester Chemical Recycling Joint Venture in China

    Institute of Scientific and Technical Information of China (English)

    2012-01-01

    Aims to establish closed-loop recycling system in China Teijin Limited announced on August 9, 2012 that in September it will establish Zhejiang Jiaren New Materials Co.; Ltd., a joint venture with Jinggong Holding Group, in Shaoxing, Zhejiang Province, China, one of China's largest production bases for fiber products.

  16. Working Partnerships: A Joint Venture in Vocational Education.

    Science.gov (United States)

    Campbell, Clifton P.

    Joint Ventures in Vocational Education projects link participating businesses with secondary vocational programs in a cooperative relationship. These are voluntary arrangements between vocational programs and a public or private sector agency that combine the energies and resources of the partners to enrich various aspects of the vocational…

  17. Cooperation and conflict in international joint venture relationship

    NARCIS (Netherlands)

    Kemp, Ron

    1999-01-01

    This article reports the results of an empirical study focusing on the relationship between the relative dependence asymmetry of partners in a joint venture, the level and intensity of conflict between the partners, the level of trust and norms of exchange between the partners, and the performance o

  18. Cultural Distance and the Performance of International Joint Ventures

    DEFF Research Database (Denmark)

    Christoffersen, Jeppe; Globerman, Steven; Nielsen, Bo Bernhard

    2013-01-01

    This study provides a critical summary and assessment of the empirical literature on the relationship between cultural distance and the performance of international joint ventures (IJVs) based on studies published over the period 1993-2008. The existing literature reports inconsistent and largely...

  19. The Effectiveness of Cross-cultural Competence in Joint Ventures

    Institute of Scientific and Technical Information of China (English)

    FAN Zheng; TONG Jing-wei

    2005-01-01

    The paper uses the theory of core competence based on knowledge capital to build up international joint venture's effective capability system of cross-culture. It involves in forming common mind of business, strategies of glocalization, complementary skills of cross-culture and cross-cultural training. It also presents the case of Lansheng Daewoo Corp to give a positive analysis.

  20. Cooperation and conflict in international joint venture relationship

    NARCIS (Netherlands)

    Kemp, Ron

    1999-01-01

    This article reports the results of an empirical study focusing on the relationship between the relative dependence asymmetry of partners in a joint venture, the level and intensity of conflict between the partners, the level of trust and norms of exchange between the partners, and the performance

  1. Managing international joint venture relationships - A longitudinal perspective

    NARCIS (Netherlands)

    Hyder, A.; Ghauri, P.N.

    The purpose of the study is to describe and analyse the formation and development of international joint venture processes and relationships between the partners over time. Moreover, the study analyzes how far foreign partners have been successful in developing new contacts and in expanding their

  2. Working Partnerships: A Joint Venture in Vocational Education.

    Science.gov (United States)

    Campbell, Clifton P.

    Joint Ventures in Vocational Education projects link participating businesses with secondary vocational programs in a cooperative relationship. These are voluntary arrangements between vocational programs and a public or private sector agency that combine the energies and resources of the partners to enrich various aspects of the vocational…

  3. Medicare changes likely to ignite interest in joint ventures.

    Science.gov (United States)

    Sokol, Jerry J; Kaye, Joshua M

    2007-01-01

    Recent proposed changes in Medicare payment are expected to fuel interest in joint ventures between hospitals and physicians. These changes will likely drive hospitals and physicians to collaborate in the establishment of ambulatory surgical centers. The changes may make it more difficult for physicians to establish an ambulatory surgical center or imaging facility without the assistance of a health system or other third party.

  4. Cultural Distance and the Performance of International Joint Ventures

    DEFF Research Database (Denmark)

    Christoffersen, Jeppe; Globerman, Steven; Nielsen, Bo Bernhard

    2013-01-01

    This study provides a critical summary and assessment of the empirical literature on the relationship between cultural distance and the performance of international joint ventures (IJVs) based on studies published over the period 1993-2008. The existing literature reports inconsistent and largely...

  5. 15 CFR 296.9 - Activities not permitted for joint ventures.

    Science.gov (United States)

    2010-01-01

    ... INNOVATION PROGRAM General § 296.9 Activities not permitted for joint ventures. The following activities are not permissible for TIP-funded joint ventures: (a) Exchanging information among competitors relating... joint venture of any product, process, or service, other than the distribution among the parties to...

  6. 10 CFR 1021.216 - Procurement, financial assistance, and joint ventures.

    Science.gov (United States)

    2010-01-01

    ... 10 Energy 4 2010-01-01 2010-01-01 false Procurement, financial assistance, and joint ventures... joint ventures. (a) This section applies to DOE competitive and limited-source procurements, to awards of financial assistance by a competitive process, and to joint ventures entered into as a result...

  7. 24 CFR 943.150 - What procurement standards apply to a PHA's joint venture partner?

    Science.gov (United States)

    2010-04-01

    ... a PHA's joint venture partner? 943.150 Section 943.150 Housing and Urban Development Regulations... HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PUBLIC HOUSING AGENCY CONSORTIA AND JOINT VENTURES Subsidiaries, Affiliates, Joint Ventures in Public Housing § 943.150 What procurement standards apply to a...

  8. 24 CFR 943.151 - What procurement standards apply to a joint venture itself?

    Science.gov (United States)

    2010-04-01

    ... a joint venture itself? 943.151 Section 943.151 Housing and Urban Development Regulations Relating... HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PUBLIC HOUSING AGENCY CONSORTIA AND JOINT VENTURES Subsidiaries, Affiliates, Joint Ventures in Public Housing § 943.151 What procurement standards apply to...

  9. Joint ventures: a risk to the ministry's moral capital?

    Science.gov (United States)

    McMillan, E

    1987-04-01

    When Catholic health care providers become involved in a joint venture, they put at risk not only their financial and legal resources but also their "moral capital," that is, their tradition of healing in Jesus Christ's name. Since collaborative arrangements may offer the only way to respond to persons in need, organizations that are contemplating joint ventures must assess in moral terms the "return" on such arrangements. The joint ventures fraught with the greatest moral risk are those between hospitals and physicians. In such arrangements, the patient's best interests may be compromised by the economic interests of both the physicians and the provider. Although both the law and the American Medical Association seem reluctant to prohibit entrepreneurial activity that places physicians in conflict-of-interest situations, they have established disclosure requirements to help safeguard patient interests. Moral tensions also are inherent in managed care plans such as health maintenance organizations and preferred provider organizations. The emphasis on gatekeeping to avoid unnecessary medical procedures and the potential for excluding persons in need who cannot afford to participate in such plans are two serious concerns. The patient's right to confidentiality also may be threatened in capitated systems, which rely on complex utilization review procedures that expose the patient's records to a wide circle of people. Each ethical issue will not arise in every potential joint venture. The sooner an organization can name the key values it wants to protect, however, the easier it will be for potential partners to work together and to build into the joint venture safeguards for these values.

  10. Increasing the marketability and recognition of provider network joint ventures.

    Science.gov (United States)

    Sjobeck, S J

    1998-08-01

    Physicians have been developing provider network joint ventures to market their services jointly to managed care plans, employers, and other purchasers. Over the past few years, external market factors have produced a growing impact on these joint ventures. These external market factors include the Federal government's revised antitrust guidelines, National Committee for Quality Assurance activities, and state and Federal consumer protection laws. Simply responding to these forces may not increase a provider network's marketability unless the network can demonstrate its value in the terms and measurements accepted by the consumer, managed care plans, and provider networks. By doing so, a provider network can not only increase its marketability, but also increase its recognition in the market, improve its competitive advantage, and enhance its return on investment.

  11. When Competition Eclipses Cooperation: An Event History Analysis of Joint Venture Failure

    OpenAIRE

    Seung Ho Park; Michael V. Russo

    1996-01-01

    Why do so many joint ventures fail? Despite the fact that their success is the exception rather than the rule, the literature on why joint venture performance has been so poor remains fragmentary. We address this issue, adopting a transaction-cost economics perspective and modeling joint ventures as governance structures that blend the advantages and drawbacks of both markets and hierarchies. Using a data base on electronics industry ventures and event history analysis, we identify several pr...

  12. Technical status of the Dish/Stirling Joint Venture Program

    Science.gov (United States)

    Bean, John R.; Diver, Richard B.

    Initiated in 1991; the Dish/Stirling Joint Venture Program (DSJVP) is a 5-year, $17.2 million joint venture which is funded by Cummins Power Generation, Inc. (CPG) of Columbus, Indiana and the United States Department of Energy's (DOE) Solar Thermal and Biomass Power Division. Sandia National Laboratories administers and provides technical management for this contract on the DOE's behalf. In January, 1995; CPG advanced to Phase 3 of this three-phase contract. The objective of the DSJVP is to develop and commercialize a 7-kW. Dish/Stirling System for remote power markets by 1997. In this paper, the technical status of the major subsystems which comprise the CPG 7-kW(sub e) Dish/Stirling System is presented. These subsystems include the solar concentrator, heat pipe receiver, engine/alternator, power conditioning, and automatic controls.

  13. Practitioner-provider joint ventures, the OIG, and the IRS.

    Science.gov (United States)

    MacKelvie, C F; Handler, M S; Sanborn, A B

    1992-11-01

    Increased forays by hospitals and physicians into joint ventures make both parties subject to a complex network of laws and regulations and to scrutiny by many Federal agencies. Institutional healthcare providers should be aware of the legal pitfalls and exercise extreme caution when creating such arrangements. This is the second of a two-part examination of issues relative to taxes and Medicare and Medicaid fraud and abuse regulations. (Part I was published in the October 1992 issue of HFM.)

  14. La joint venture contractual en el ámbito internacional

    Directory of Open Access Journals (Sweden)

    Ana Michavila Núñez

    2014-06-01

    Full Text Available La joint venture ha surgido en los negocios internacionales al margen de los marcos jurídicos establecidos. Sus rasgos característicos la definen como un acuerdo de cooperación para la realización de un negocio en común, en el que las partes realizan sus aportaciones, mantienen su autonomía y comparten el control sobre el negocio. La modalidad conocida como contractual o non-equity joint venture, habitualmente olvidada por la doctrina jurídica, participa de los mismos elementos y naturaleza que la equity o incorporated, si bien se distingue de ésta por los instrumentos utilizados por las partes para su implementación. Abarca todas aquellas joint ventures en las que las partes no eligen una corporation o una sociedad con personalidad jurídica para su instrumentación, sino cualquier otra forma jurídica prevista por un ordenamiento nacional o bien una diseñada a la medida por las partes en todos sus extremos. En cualquier caso, la voluntad de las partes debe plasmarse detalladamente en el acuerdo de base o contrato joint venture y, en su caso, en los contratos de aplicación o contratos satélites. Es preciso determinar en cada supuesto el régimen jurídico aplicable, puesto que no existe en la mayoría de los ordenamientos jurídicos una regulación de esta figura

  15. Joint Venture Modes of Water Conservancy and Hydroelectric Engineering

    Directory of Open Access Journals (Sweden)

    Zhiding Chen

    2013-07-01

    Full Text Available With the long construction period, the giant scope and complex technology, water conservancy and hydroelectric engineering construction has large investment. In the fully competitive water conservancy and hydropower project construction contracting market, it is almost impossible for a company to contract with a water conservancy and hydropower project independently. Therefore, water conservancy and hydropower project construction can be contracted by several construction companies together, to play each company's strengths, lower offer, improve project quality, shorten the construction period and win the competition. In this paper, we started from the definition of Joint Venture, summed up the forms of Joint Venture in water conservancy and hydropower engineering, proposed that the JV modes can be divided into domestic and international union, tight mode, half-tight mode, loose mode, incorporation and consortium. Furthermore, we analyzed the advantages and disadvantages of Joint Venture. Put forward that the JV can relieve the owner from interfacial administrative work, reduce risk of engineering, and raise the success rate of engineering contract, improve the correctness of price and increase the opportunity of project contracting, Learn from other members, enhance technology and management and make full use of idle resources

  16. Can a joint venture threaten the hospital's tax-exempt status?

    Science.gov (United States)

    Bromberg, R S

    1986-12-01

    As healthcare organizations enter into the joint ventures, they must consider how these ventures affect their tax-exempt status. Considering the present position of the IRS, the hospital may need to act conservatively by weighing the advantages and disadvantages of each new venture. This discussion on joint ventures and tax-exempt status is the third article in a three-part series on the IRS' position on tax issues.

  17. R&D returns, market structure and research joint ventures

    DEFF Research Database (Denmark)

    Amir, Rabah

    2000-01-01

    A two-period symmetric Cournot duopoly with linear demand and costs is analyzed under linear (or more general) returns to scale in process R&D. Subgame-perfect equilibrium may call for one firm to fully innovate while the other firm remains just as before. The outcome is a polar duopoly or monopoly...... (one firm endogenously exiting). Two research joint venture schemes and the noncooperative solution are compared. Due to built-in symmetry, a joint lab does not always lead to the best performance. Overall, our findings differ quite substantially from those based on strongly decreasing R&D returns...

  18. Joint-venture proposals strengthen hospital-physician relationship.

    Science.gov (United States)

    Rovinsky, M

    2000-12-01

    By proposing the joint-venture development of an ambulatory surgery center and medical office space with a group practice, one hospital succeeded in enhancing its relationship with the practice and paved the way for future collaboration. Although the hospital's proposal to jointly develop an ambulatory surgery center was not accepted, the hospital was able to dissuade the group practice from developing a competing ambulatory surgery facility while increasing the group's trust in and loyalty to the hospital. As a result, the hospital potentially will benefit from increased inpatient admissions.

  19. Hospital-physician joint ventures: a strategic approach for both dimensions of success.

    Science.gov (United States)

    Blair, J D; Slaton, C R; Savage, G T

    1990-01-01

    Joint ventures between hospitals and the physicians on their medical staffs have produced successes and failures. Each joint venture has two very different dimensions of success--financial and collaborative. The most successful ventures are able to accomplish both of these often conflicting goals. To enhance hospital executives' success in joint ventures with physicians, a strategic approach with a series of six steps and their corresponding models or maps is proposed. The steps in this strategic approach are: (1) identify key stakeholders and linkages among them; (2) surface stakeholder conflict using problem-oriented maps; (3) diagnose the venture on both dimensions of success; (4) classify the venture using both dimensions of success; (5) select a strategy to optimize the venture's current potential for success; and (6) select an approach to transform the venture with limited potential for success.

  20. 24 CFR 943.148 - What procurement standards apply to PHAs selecting partners for a joint venture?

    Science.gov (United States)

    2010-04-01

    ... PHAs selecting partners for a joint venture? 943.148 Section 943.148 Housing and Urban Development... VENTURES Subsidiaries, Affiliates, Joint Ventures in Public Housing § 943.148 What procurement standards apply to PHAs selecting partners for a joint venture? (a) The requirements of part 85 of this title...

  1. Why did China Benefit from a Joint Venture Policy? A Case Study of Shanghai

    Institute of Scientific and Technical Information of China (English)

    Bernard Bishop

    2007-01-01

    Mandatory joint venture requirements have played an important role in many developing countries'foreign investment policies. However, such policies have been criticized in some of the economic literatures on the grounds that they deter investment and lead to the development of inefficient industries. A significant amount of foreign direct investment in Shanghai has been in the form of joint ventures, Yet, by many measures, Shanghai has benefited enormously. This article argues that there are three reasons to explain Shanghai's successful use of the joint venture for its industrial development. First, local firms and industries have had the capability and willingness to learn from joint ventures and other foreign invested firms. Second, the joint venture policy has been more likely than not to have "crowded in" local investment rather than crowd it out. Third, investment authorities in Shanghai have had sufficient bureaucratic capacity and political insulation to prevent the joint venture policy from being manipulated by rent seekers.

  2. Stabilization Operations Beyond Government: Joint Venture Public-Private Partnerships in Iraq and Afghanistan

    Science.gov (United States)

    2010-09-01

    Defense Intelligence Agency. This article won the inaugural young Professionals in Foreign Policy Essay competition. Joint Venture Public-Private...Beyond Government: Joint Venture Public-Private Partnerships in Iraq and Afghanistan 5a. CONTRACT NUMBER 5b. GRANT NUMBER 5c. PROGRAM ELEMENT NUMBER... joint venture public-private partnerships hold the best possibility to achieve the goals of A Unique Private Sector Methodology Eurasia Group brings

  3. Coherence between harvest and habitat management -- Joint venture perspectives

    Science.gov (United States)

    Baxter, C.K.; Nelson, J.W.; Reinecke, K.J.; Stephens, S.E.

    2006-01-01

    Introduction: In recent months, an ad hoc group of waterfowl scientists, representing the International Association of Fish and Wildlife Agencies (IAFWA) Adaptive Harvest Management (ARM) Task Force and the North American Waterfowl Management Plan (NAWMP) Committee, have collaborated as a Joint Task Group (JTG) to assess options for unifying the population goals guiding waterfowl harvest management and habitat management. The JTG has been charged with bringing coherence to the population goals of the two programs. Characterizing the problem as one of coherence indicates value judgments exist regarding its significance or perhaps existence. For purposes of this paper, we characterize the lack of coherence as the absence of consistent population goals in the two related components of waterfowl conservation habitat and harvest management. Our purpose is to support continued dialogue on the respective goals of these programs and the possible implications of discordant goals to habitat joint ventures. Our objectives are two-fold: (1) illustrate how NAWMP habitat management goals and strategies have been interpreted and pursued in both breeding and wintering areas, and (2) provide perspectives on the linkages between regional habitat management programs and harvest management. The Lower Mississippi Valley and the Prairie Pothole joint ventures (LMVJV and PPJV, respectively) will be used as examples.

  4. Provider-sponsored HMOs: make, buy, or joint venture?

    Science.gov (United States)

    Clay, S B

    1997-03-01

    Providers can sponsor their own HMOs in one of three ways: by creating their own HMO, by joint venturing with an existing HMO, or by purchasing an existing HMO. When selecting the best option, providers must consider various market conditions. Managed care penetration in the area, potential competitive responses of existing HMOs, market demand, provider reputation, and provider marketing ability will all influence the feasibility of each option. Providers also must examine their own organizational identity, their ability to raise the necessary capital to start an HMO, their managed care expertise and risk contracting experience, and their information systems capabilities.

  5. Intellectual Property Rights and North-South Joint Ventures

    OpenAIRE

    Alireza Naghavi; Dermot Leahy

    2008-01-01

    We study the effect of the intellectual property rights (IPR) regime of a host country (South) on a multinational's decision between serving a market via greenfield foreign direct investment to avoid the exposure of its technology or a North-South joint venture (JV) with a local firm, which allows R&D spillovers under imperfect IPRs. JV is the equilibrium market structure when R&D intensity is moderate and IPRs strong. The South can gain from increased IPR protection by encouraging a JV, wher...

  6. The physician/hospital joint venture. Developing a win/win strategy for success. Part II: Joint venture strategies and considerations.

    Science.gov (United States)

    Shorr, A S

    1987-05-01

    This four part series, "The Physician/Hospital Joint Venture: Developing a Win/Win Strategy," examines the philosophical basis of marketing to physicians, the options for the organization in formulating a strategy for joint venture development, structuring and negotiating the deal, and finally how to build the physician loyalty and commitment essential for the joint venture's continued success. In this second part of the series, the author examines the internal and external issues that must be addressed to ensure success and the types of information that must be gathered.

  7. The increased risk of joint venture promotes social cooperation.

    Directory of Open Access Journals (Sweden)

    Te Wu

    Full Text Available The joint venture of many members is common both in animal world and human society. In these public enterprizes, highly cooperative groups are more likely to while low cooperative groups are still possible but not probable to succeed. Existent literature mostly focuses on the traditional public goods game, in which cooperators create public wealth unconditionally and benefit all group members unbiasedly. We here institute a model addressing this public goods dilemma with incorporating the public resource foraging failure risk. Risk-averse individuals tend to lead a autarkic life, while risk-preferential ones tend to participate in the risky public goods game. For participants, group's success relies on its cooperativeness, with increasing contribution leading to increasing success likelihood. We introduce a function with one tunable parameter to describe the risk removal pattern and study in detail three representative classes. Analytical results show that the widely replicated population dynamics of cyclical dominance of loner, cooperator and defector disappear, while most of the time loners act as savors while eventually they also disappear. Depending on the way that group's success relies on its cooperativeness, either cooperators pervade the entire population or they coexist with defectors. Even in the later case, cooperators still hold salient superiority in number as some defectors also survive by parasitizing. The harder the joint venture succeeds, the higher level of cooperation once cooperators can win the evolutionary race. Our work may enrich the literature concerning the risky public goods games.

  8. The increased risk of joint venture promotes social cooperation.

    Science.gov (United States)

    Wu, Te; Fu, Feng; Zhang, Yanling; Wang, Long

    2013-01-01

    The joint venture of many members is common both in animal world and human society. In these public enterprizes, highly cooperative groups are more likely to while low cooperative groups are still possible but not probable to succeed. Existent literature mostly focuses on the traditional public goods game, in which cooperators create public wealth unconditionally and benefit all group members unbiasedly. We here institute a model addressing this public goods dilemma with incorporating the public resource foraging failure risk. Risk-averse individuals tend to lead a autarkic life, while risk-preferential ones tend to participate in the risky public goods game. For participants, group's success relies on its cooperativeness, with increasing contribution leading to increasing success likelihood. We introduce a function with one tunable parameter to describe the risk removal pattern and study in detail three representative classes. Analytical results show that the widely replicated population dynamics of cyclical dominance of loner, cooperator and defector disappear, while most of the time loners act as savors while eventually they also disappear. Depending on the way that group's success relies on its cooperativeness, either cooperators pervade the entire population or they coexist with defectors. Even in the later case, cooperators still hold salient superiority in number as some defectors also survive by parasitizing. The harder the joint venture succeeds, the higher level of cooperation once cooperators can win the evolutionary race. Our work may enrich the literature concerning the risky public goods games.

  9. Joint ventures e a política antitruste brasileira

    Directory of Open Access Journals (Sweden)

    Ana Paula Avellar

    2012-12-01

    Full Text Available As políticas de defesa da concorrência integram atualmente o conjunto fundamental de instituições necessárias à promoção do crescimento e a busca das sociedades por arranjos mais eficientes. O presente trabalho tem como objetivo realizar uma análise da política antitruste brasileira concentrando-se no tratamento dado pelas autoridades à constituição de joint ventures. Na realização dessa tarefa, foram feitas revisões teóricas, constatações acerca dos procedimentos de autoridades internacionais sobre o assunto e um estudo empírico abordando casos julgados no Brasil entre os anos de 2002 e 2010. O resultado encontrado revela a inexistência de normatização específica para o tratamento das joint ventures no Brasil, culminando, assim, em uma relativa discricionariedade por parte dos órgãos do SBDC na análise desses atos.

  10. 24 CFR 943.146 - What impact does the use of a subsidiary, affiliate, or joint venture have on financial...

    Science.gov (United States)

    2010-04-01

    ... subsidiary, affiliate, or joint venture have on financial accountability to HUD and the Federal government... URBAN DEVELOPMENT PUBLIC HOUSING AGENCY CONSORTIA AND JOINT VENTURES Subsidiaries, Affiliates, Joint Ventures in Public Housing § 943.146 What impact does the use of a subsidiary, affiliate, or joint...

  11. Special report on antitrust. Part One: Antitrust constraints on the creation and operation of joint ventures.

    Science.gov (United States)

    Enders, R J

    1988-02-01

    In a few areas of the country the phrase "health care joint venture" is still almost unknown. In most areas, however, such ventures are becoming common, and in many parts of the country there is truly a plethora of joint venture activity in the industry. The antitrust treatment of the formation and operation of these affiliations is therefore an area of increased concern for industry executives. This first of a two-part series for the Newsletter will describe the general framework for an antitrust evaluation of a joint venture. Next month's article will discuss specific situations.

  12. What differences in the cultural backgrounds of partners are detrimental for international joint ventures?

    NARCIS (Netherlands)

    H.G. Barkema (Harry); G.A.M. Vermeulen (Freek)

    1997-01-01

    textabstractAn international joint venture implies that a firm has to cooperate with a partner with a different cultural background. In this study, hypotheses about which differences in national culture are most disruptive for international joint ventures were developed and tested using Hofstede's f

  13. Fujian:The first full-integrated refining and ethylene joint venture project launched

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    Sinopec,Fujian Province, ExxonMobil and Saudi Aramco held an inauguration ceremony at the Great Hall of the People in Beijing to mark the formal government approval of Joint Venture Contracts and granting of business licenses for their two joint ventures in Fujian Province-Fujian

  14. Fujian:The first full-integrated refining and ethylene joint venture project launched

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    @@ Sinopec,Fujian Province,ExxonMobil and Saudi Aramco held an inauguration ceremony at the Great Hall of the People in Beijing to mark the formal government approval of Joint Venture Contracts and granting of business licenses for their two joint ventures in Fujian Province-Fujian Refining & Petrochemical Company Limited and Sinopec SenMei(Fujian)Petroleum Company Limited.

  15. Bird Habitat Conservation at Various Scales in the Atlantic Coast Joint Venture

    Science.gov (United States)

    Andrew Milliken; Craig Watson; Chuck Hayes

    2005-01-01

    The Atlantic Coast Joint Venture is a partnership focused on the conservation of habitats for migratory birds within the Atlantic Flyway/Atlantic Coast Region from Maine south to Puerto Rico. In order to be effective in planning and implementing conservation in this large and diverse area, the joint venture must work at multiple spatial scales, from the largest ?...

  16. Management control patterns in joint venture relationships : A model and an exploratory study

    NARCIS (Netherlands)

    Kamminga, Pieter E.; Van der Meer-Kooistra, Jeltje

    2007-01-01

    Joint ventures provide advantages to parent companies, for instance by gaining quick access to new resources. However, their shared ownership gives rise to complexities involving control issues. We propose an integrated model of joint venture control, which adds relational issues to the TCE framewor

  17. PENERAPAN PAJAK PENGHASILAN PADA PERUSAHAAN JOINT VENTURE (STUDI KASUS: PT. BK, PERSERO

    Directory of Open Access Journals (Sweden)

    Maya Safira Dewi

    2012-10-01

    Full Text Available The purpose of this writing is to determine how the implementation of policies in terms of taxation, in particular the application of income tax on the joint venture, both based on the application of tax laws and regulations, as well as based on the agreement with the contractual agreements in the Joint Venture. The method of research used in writing this thesis is descriptive method. Descriptive method used by the writer after collecting data and information gained, so it can be explained, and then to draw conclusions in a systematic, factual, and accurate information on the facts of the problem studied. The result of writing this thesis is an understanding of the application of income tax on its Joint Venture. Given this research, the reader is expected to increase knowledge about the implementation of corporate tax in the Joint Venture. In addition, the company is expected to implement the tax policy on its Joint Venture with better in the future.

  18. Knowledge Creation in International Joint Ventures in Emerging Economies

    DEFF Research Database (Denmark)

    Nielsen, Ulrik B.

    Entering and developing presence in emerging economies often require foreign firms to set up International Joint Ventures (IJVs) with local partners, especially when the prime motive of the operation is to capture opportunities in the local markets (Mohr & Puck, 2005). IJVs have therefore become...... an important way for firms to enter these markets and a significant force in shaping a firm’s global strategy in expanding international activities abroad. However, research has shown that IJVs in emerging economies are unstable, and firms have experienced that performance of their IJVs in these emerging...... economies often does not meet their expectations (Fang & Zou, 2010). Extant research has shown that, in general, management of IJVs appears to be a difficult issue. 60-70% of all partnerships are not successful (Lambe, Spekman, & Hunt, 2002). Inter-partner learning has been proposed in the literature...

  19. Joint venture to apply biotechnology to waste cleanup

    Energy Technology Data Exchange (ETDEWEB)

    1988-11-01

    ENSR Corporation and Celgene Corporation have announced the signing of a letter of intent to form ENSR-Celgene, a joint venture that will develop and apply biotechnology to the cleanup of hazardous wastes. ENSR-Celgene will perform all bioremediation projects contracted by ENSR or Celgene, with technical support provided by both ENSR and Celgene. ENSR recently completed a successful demonstration project using bioremediation to cleanup petrochemical sludges in a seven-acre lagoon at a Superfund site. The EPA has not approved this technology for the site's final remediation. Bioremediation technology is expected to save responsible parties $75 million in cleanup costs and be completed nearly four years sooner than by using incineration, according to Zoch.

  20. 12 CFR 221.111 - Contribution to joint venture as extension of credit when the contribution is disproportionate to...

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 3 2010-01-01 2010-01-01 false Contribution to joint venture as extension of... joint venture as extension of credit when the contribution is disproportionate to the contributor's share in the venture's profits or losses. (a) The Board considered the question whether a joint...

  1. 16 CFR 802.42 - Partial exemption for acquisitions in connection with the formation of certain joint ventures or...

    Science.gov (United States)

    2010-01-01

    ... connection with the formation of certain joint ventures or other corporations. 802.42 Section 802.42... acquisitions in connection with the formation of certain joint ventures or other corporations. (a) Whenever one or more of the contributors in the formation of a joint venture or other corporation which...

  2. 13 CFR 124.513 - Under what circumstances can a joint venture be awarded an 8(a) contract?

    Science.gov (United States)

    2010-01-01

    ... joint venture be awarded an 8(a) contract? 124.513 Section 124.513 Business Credit and Assistance SMALL...) Business Development Contractual Assistance § 124.513 Under what circumstances can a joint venture be... the purpose of performing one or more specific 8(a) contracts. (2) A joint venture agreement...

  3. An empirical investigation of for-profit and tax-exempt nonprofit hospitals engaged in joint ventures.

    Science.gov (United States)

    Smith, Pamela C

    2004-01-01

    Joint ventures between nonprofit and for-profit hospitals offer opportunities for collaboration to increase efficiency. These transactions have attracted the attention of the Internal Revenue Service, which may threaten tax-exempt status. This article analyzes inherent financial characteristics of nonprofit hospitals that joint venture with for-profit hospitals and those that choose not to joint venture.

  4. JOINT VENTURE UM ARCABOUÇO TEÓRICO SOBRE A ESTRATÉGIA ENTRE EMPRESAS

    Directory of Open Access Journals (Sweden)

    Kelen Renata Knopp Barroca Souza

    2015-03-01

    Full Text Available The joint venture talk about union of two or more business with common goals forming another independent business with a different team for take care about your own concern, that may partner member's capital or not. The present work had as goal: analyse the reasons that are influencing many business to choose joint venture, your importance for them, and the obtained results. the methodology used was the multicases study of business that adopt join ventures from analysis of documents, files, and administrative publications, and also having secondary sources as bibliographic researches consulting articles and books about the history of the subject, adopting the deductive method for the conclusion of joint venture project. We conclude that joint ventures can be advantageous for business, decreasing risks, increasing profits , making business involved in the alliance earn more space on market.

  5. An evaluation of charity care for tax-exempt hospitals engaging in joint ventures.

    Science.gov (United States)

    Smith, Pamela C

    2006-01-01

    The study examines whether the level of charity care and financial stability contribute to a nonprofit hospital's motivation for partnering with a for-profit hospital through a joint venture. The Internal Revenue Service (IRS) has heightened its scrutiny of joint ventures within the health care sector. Considering recent calls to investigate the merit of the tax-exempt status of hospitals engaged in joint ventures, this research will assist policy makers in the evaluation of nonprofit hospitals. Constituents will continue to question whether joint ventures contribute to a reduced focus on charitable activities. Results indicate that the propensity to engage in a joint venture significantly increases with increased levels of charity care. Furthermore, nonprofit hospitals with lower profitability are more likely to engage in joint ventures. These results are useful to policy makers when evaluating the level of charity care provided by hospitals seeking alternative strategic alliances. Considering many critics allege hospitals are reducing the provision of charity care to the community, it is imperative for management to be conscious of the impact of joint ventures on the provision of charity care.

  6. Joint Venture Arrangement for RN to BSN: A Model of Synergy between Academia and Service.

    Science.gov (United States)

    Bargagliotti, L. Antoinette; And Others

    1991-01-01

    Joint venture among educational and practice institutions is well on its way toward becoming the norm in nursing education and practice. Kaiser Permanente and the University of San Francisco School of Nursing offer a venture that allows registered nurses to pursue a bachelor of science in nursing degree. (JOW)

  7. Joint Venture Arrangement for RN to BSN: A Model of Synergy between Academia and Service.

    Science.gov (United States)

    Bargagliotti, L. Antoinette; And Others

    1991-01-01

    Joint venture among educational and practice institutions is well on its way toward becoming the norm in nursing education and practice. Kaiser Permanente and the University of San Francisco School of Nursing offer a venture that allows registered nurses to pursue a bachelor of science in nursing degree. (JOW)

  8. 24 CFR 943.144 - What financial impact do operations of a subsidiary, affiliate, or joint venture have on a PHA?

    Science.gov (United States)

    2010-04-01

    ... of a subsidiary, affiliate, or joint venture have on a PHA? 943.144 Section 943.144 Housing and Urban... CONSORTIA AND JOINT VENTURES Subsidiaries, Affiliates, Joint Ventures in Public Housing § 943.144 What financial impact do operations of a subsidiary, affiliate, or joint venture have on a PHA? Income...

  9. [Great Salt Lake Ecosystem Wetlands and Wildlife: A prospectus for a mini-joint venture

    Data.gov (United States)

    US Fish and Wildlife Service, Department of the Interior — This document is a general approach towards a mini-joint venture between Near River Migratory Bird Refuge and Utah State University. It is focused on the Great Salt...

  10. Analysis of Cooperative Education as a Work/Education Joint Venture.

    Science.gov (United States)

    Wilson, James W.

    1984-01-01

    Examines why joint ventures are formed and discusses a number of factors related to the success of such interaction. Focus is on four factors: goal compatibility, boundary-spanning structures and processes, locus of need satisfaction, and organizational incentives. (CT)

  11. Interpreting the 1996 federal antitrust guidelines for physician joint venture networks.

    Science.gov (United States)

    Hirshfeld, E

    1997-01-01

    The Statements of Antitrust Enforcement Policy in Health Care, issued by the FTC and the DOJ, dramatically change how the agencies evaluate physician joint venture networks. This article analyzes the Statements, providing useful guidance to the health lawyer.

  12. Clinic, hospital try to fulfill vision of coordinated care with joint venture company.

    Science.gov (United States)

    2000-09-01

    Coordinated Care Services Inc., a joint venture of Carle Foundation and Carle Clinic Association in Urbana, IL, shares its initial successes and ongoing challenges after one year of operation. The biggest barrier to further improvements remains insufficient information management capability.

  13. Analysis of Cooperative Education as a Work/Education Joint Venture.

    Science.gov (United States)

    Wilson, James W.

    1984-01-01

    Examines why joint ventures are formed and discusses a number of factors related to the success of such interaction. Focus is on four factors: goal compatibility, boundary-spanning structures and processes, locus of need satisfaction, and organizational incentives. (CT)

  14. Examining the impact of the new Stark rules on joint ventures.

    Science.gov (United States)

    Washlick, John R

    2008-11-01

    The new Stark rules will affect joint ventures involving physicians and hospitals in four primary areas: Services provided "under arrangement". "Per click" lease arrangements. Percentage-based compensation. "Stand-in-the-shoes" provisions.

  15. Ground Support Strategies at the Turquoise Ridge Joint Venture, Nevada

    Science.gov (United States)

    Sandbak, L. A.; Rai, A. R.

    2013-05-01

    Weak rock masses of high grade Carlin-trend gold mineralization are encountered in the Turquoise Ridge Joint Venture underground mine. The sediments consist of very weak and altered limestone, mudstone, and carbon-rich clays. The rock mass ratings are described as very poor to poor (Bieniawski in Proceedings of the symposium on exploration for rock engineering, Johannesburg, South Africa, pp. 97-106, 1976). The undercut and fill or boxes stoping mining methods are used because of the low dipping ore body geometry, complex geology, and weak rock mass. Design criteria are chosen to keep openings in weak rock as small as possible to prevent unraveling and to minimize supplementary support. Typical ground support for drifting includes the use of bolts, mesh, spiling, and shotcrete. Quality control of cemented rock fill (CRF) through sampling and aggregate sieve testing is necessary to insure high support strength. Specific support may include shotcrete arches with steel ring sets and CRF "arches" as a replacement of weak rock masses around long-term mine openings. Movement monitoring is utilized in problem areas and is needed to quantify and validate computer modeling.

  16. Effects of physician joint ventures on health care costs, access, and quality: exploring some issues.

    Science.gov (United States)

    Ahern, M; Scott, E

    1992-01-01

    Increasingly, physicians are joint-venturing with health care businesses such as physical therapy centers, diagnostic imaging centers, ambulatory surgical centers, and other services. Simultaneously, outpatient costs have been rising. Theoretical and empirical evidence, including results of an exploratory survey of experts, indicate that these two events are linked. Specifically, joint ventures between referring physicians and health care businesses often appear to increase costs, increase utilization, reduce quality of care, and reduce access.

  17. The Choice of Market Entry Mode: Greenfield Investment, M&A and Joint Venture

    OpenAIRE

    Stähler, Frank; Ryan, Michael; Raff, Horst

    2007-01-01

    Multinationals may enter a host market by different modes of foreign direct investment (FDI). This paper examines the choice of FDI mode, and shows that the profitability of greenfield investment influences this choice not only directly, but also indirectly since it determines the outside option of potential acquisition targets and joint venture partners. In particular, even if greenfield investment is a viable option, the multinational may prefer a joint venture to M&A, and M&A to greenfield...

  18. SINOPEC,BP TO LAUNCH ACETIC ACID JOINT VENTURE IN NANJING

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    @@ Sinopec Corp and BP signed a 50%-50% joint venture contract on March 15 to build a world-class 500,000-ton acetic acid plant in Nanjing, the capital of East China's Jiangsu Province. The joint venture, which is expected to be on stream in the second half of 2007,will adopt BP's world leading CativaR technology to make this project become a acetic acid production base with great competitiveness.

  19. Health care joint ventures between tax-exempt organizations and for-profit entities.

    Science.gov (United States)

    Sanders, Michael I

    2005-01-01

    Health care exempt organizations have many options regarding their structure and affiliations with for-profit entities. As long as any joint ventures are carefully structured and the nonprofit retains control over the exempt health care activities, the Internal Revenue Service should not question the structure. However, as outlined above, if the for-profit entity effectively gains control over the activities of the venture, the structure is not likely to be upheld by the IRS or the courts, and either the exempt status of the nonprofit will be denied or revoked, or health care income will be subject to the unrelated business income tax. In summary, the health care industry has been severely impacted by many economic forces, including uncertainty in the area of joint ventures between nonprofits and for-profit health care systems. The uncertainty as to whether the joint venture would negatively impact the nonprofit's tax-exempt status undoubtedly caused many nonprofits to form for-profit subsidiaries and otherwise expanded operations in a for-profit marketplace. Fortunately, with the guidance that is currently available in the form of Revenue Ruling 98-15, Redlands, St. David's, and now Revenue Ruling 2004-51, health care institutions can move forward with properly structured joint ventures with greater confidence that the joint venture will not endanger the tax-exempt status of the nonprofit.

  20. The Department of Defense and Veteran Affairs Health Care Joint Venture at Tripler Army Medical Center Needs More Management Oversight

    Science.gov (United States)

    2013-09-18

    E M B E R 1 8 , 2 0 1 3 The Department of Defense and Veteran Affairs Health Care Joint Venture at Tripler Army Medical Center Needs More...Department of Defense and Veteran Affairs Health Care Joint Venture at Tripler Army Medical Center Needs More Management Oversight 5a. CONTRACT NUMBER...Health Care Joint Venture at Tripler Army Medical Center Needs More Management Oversight Objective Our audit objective was to determine whether the

  1. An Analysis of a VA/DoD High-Tech Joint Venture at Womack Army Medical Center.

    Science.gov (United States)

    1993-07-01

    interest groups to expand the ’ joint venture ’ concept have intensified with the expectation that cost savings will be realized by participating...organizations (Tokarski, 1989). Using a specific example of a local Magnetic Resonance Imager (MRI) joint venture between the Fayetteville Veterans...Administration Medical Center (FVAMC) and Womack Army Medical Center (WAMC), the management problem was to determine how effective this joint venture has been at improving patient access to MRI technology.

  2. Stereosat: A proposed private sector/government joint venture in remote sensing from space

    Science.gov (United States)

    Anglin, R. L.

    1980-01-01

    Stereosat, a free flying Sun synchronous satellite whose purpose is to obtain worldwide cloud-free stereoscopic images of the Earth's land masses, is proposed as a joint private sector/government venture. A number of potential organization models are identified. The legal, economic, and institutional issues which could impact the continuum of potential joint private sector/government institutional structures are examined.

  3. Joint Venture Health Plans May Give ACOs a Run for Their Money.

    Science.gov (United States)

    Reinke, Thomas

    2016-12-01

    Joint venture plans are starting to demonstrate their ability to implement clinical management and financial management reforms. A JV health plan replaces the offloading of financial risk by health plans to ill-equipped providers with an executive-level cost management committee stated jointly by the hospital and payer.

  4. PENERAPAN PAJAK PENGHASILAN PADA PERUSAHAAN JOINT VENTURE (STUDI KASUS: PT. BK, PERSERO

    Directory of Open Access Journals (Sweden)

    Maya Safira Dewi

    2012-11-01

    Full Text Available The purpose of this writing is to determine how the implementation of policies in terms of taxation, in particular the application of income tax on the joint venture, both based on the application of tax laws and regulations, as well as based on the agreement with the contractual agreements in the Joint Venture. The method of research used in writing this thesis is descriptive method. Descriptive method used by the writer after collecting data and information gained, so it can be explained, and then to draw conclusions in a systematic, factual, and accurate information on the facts of the problem studied. The result of writing this thesis is an understanding of the application of income tax on its Joint Venture. Given this research, the reader is expected to increase knowledge about the implementation of corporate tax in the Joint Venture. In addition, the company is expected to implement the tax policy on its Joint Venture with better in the future. 

  5. Les Joints-Venture Internationales dans La Construction Europeénne

    DEFF Research Database (Denmark)

    Bonke, Sten; Campacnac, Elisabeth; Stanghellini, Stefano;

    This text presents a condensed, yet comprehensive review of the methodology and interim findings of a large international comparative study. Construction joint-ventures in five European countries have been investigated with the aim of identifying preconditions to and consequenses of international......This text presents a condensed, yet comprehensive review of the methodology and interim findings of a large international comparative study. Construction joint-ventures in five European countries have been investigated with the aim of identifying preconditions to and consequenses...... of internationalisation of construction such as imposed through new EU market regulations.The five different national "contracting systems" have been thoroughly analysed and their traces and encounters within the international joint-venture projects have been identified through empirical studies. The characteristics...

  6. Individual learning effects on knowledge transfer in international joint ventures: An exploratory framework

    DEFF Research Database (Denmark)

    Dao, Li Thuy; Napier, Nancy

    2016-01-01

    This paper examines micro (individual-level) aspects of knowledge transfer and learning in international joint ventures in an emerging economy context. Learning by expatriate and local managers appears far more complex, mutually dependent, and significant to the knowledge transfer process than...... suggested in existing literature. Building upon conceptualizations of individual learning and cognitive – behavioural effects in an organisational context while drawing evidence from two cases of Danish – Vietnamese joint ventures, we propose a model of individual-level knowledge transfer and learning...

  7. Joint venture capital investment for clean technologies and their problems in developing countries.

    Science.gov (United States)

    Doelle, H W

    1996-09-01

    All technological developments are aimed at improving the quality of life of a community of people. Biotechnology is a technology which allows the exploitation of microorganisms, plants and animal cells to take place within an economic framework. Developing countries are looking for programmes achieving sustainable, economical growth conducive to a higher per capita income of the community. Any joint venture which promises social advances and economic benefits will have to be rural-based. This presentation discusses the need for a change in fermentation industry attitudes to allow joint venture capital investment in clean technologies together with the problems developing countries face for the implementation of such technologies.

  8. Joint venture schemes in Limpopo Province and their outcomes on smallholder farmers livelihoods

    Science.gov (United States)

    Mapedza, Everisto; van Koppen, Barbara; Sithole, Pinimidzai; Bourblanc, Magalie

    2016-04-01

    Joint Venture schemes based on the floppy irrigation technology are being promoted in the post-Apartheid South Africa's Limpopo Province. Access to land and water resources in South Africa are largely viewed as a mechanism for re-dressing the Apartheid injustices. This research was part of a broader applied research to help inform irrigation practise in the Limpopo Province. The research used literature review, key informant interviews and a questionnaire survey. The overall research question sought to understand how the Joint Venture Schemes had benefited the smallholder farmers. This paper argues that the joint venture partnership created a new injustice. Firstly, the Joint Venture Scheme design is fundamentally a bad idea which disempower farmers not only to water access but also land as well. The choice of the 'efficient' floppy irrigation technology was made by the state and entailed that land had to be managed as a single unit. In order to make more effective use of this highly sophisticated new technology, the smallholder farmers also needed to go into a joint venture partnership with a white commercial farmer. By virtue of signing the Joint Venture agreement the farmers were also forfeiting their land and water rights to be used for crop production. The smallholder farmers lost access to their water and land resources and were largely relegated to sharing profits - when they exist - with hardly any skills development despite what was initially envisaged in the Joint Venture partnership. Secondly, the implementation of the JVS has been skewed from the start which explains the bad results. This paper further shows how the negative outcomes affected women in particular. As the smallholder farmers argue the technological options chosen by the state have excluded both male and female farmers from accessing and utilising their land and water resources in order to improve their livelihoods; it has entrenched the role of the state and the private interests at the

  9. Joint venture breakup and the exploration-exploitation trade-off

    OpenAIRE

    LONG, Ngo van; Soubeyran, Antoine; Soubeyran, Raphael

    2009-01-01

    This paper explores the effect of a potential joint-venture breakup on the level of technology transfer in a set-up with exploration-exploitation trade-offs in the presence of time compression costs. We consider a joint-venture relationship between a technologically advanced multinational firm and a local firm operating in a developing economy where the ability to enforce contracts is weak, and the local firm can quit without penalties. The multinational firm has to consider the advantages an...

  10. China and Malaysia Launch Joint Venture for Oil Pipes in Shanghai

    Institute of Scientific and Technical Information of China (English)

    2004-01-01

    @@ The largest oil companies of China and Malaysia,PetroChina and UMW, launched a joint venture - B SW Petropipe Company - in Shanghai on May 30, 2004, just one day following Malaysia's decision to recognize China as a full market economy. This joint venture, in which PetroChina holds a 51 percent stake while UMW takes up the remaining 49 percent, is expected to be the major supplier of oil and gas pipelines in East China, with a projected annual output of 300,000 tons for steel pipes of various kinds.

  11. 75 FR 14190 - Notice Pursuant to the National Cooperative Research and Production Act of 1993-Joint Venture To...

    Science.gov (United States)

    2010-03-24

    ... Act of 1993, 15 U.S.C. 4301 et sect. (``the Act''), Joint ] Venture to Perform Project Entitled... Antitrust Division Notice Pursuant to the National Cooperative Research and Production Act of 1993--Joint Venture To Perform Project Entitled Robotic Rehabilitation of Aging Water Pipelines Notice is hereby...

  12. 75 FR 25294 - Notice Pursuant to the National Cooperative Research and Production Act of 1993-Joint Venture To...

    Science.gov (United States)

    2010-05-07

    ... Production Act of 1993, 15 U.S.C. 4301 et seq. (``the Act''), Joint Venture to Perform Project Entitled... Antitrust Division Notice Pursuant to the National Cooperative Research and Production Act of 1993--Joint Venture To Perform Project Entitled Versatile Onboard Traffic Embedded Roaming Sensors Notice is...

  13. 75 FR 7628 - Notice Pursuant to the National Cooperative Research and Production Act of 1993-Joint Venture...

    Science.gov (United States)

    2010-02-22

    .... (``the Act''), the Joint Venture under TIP Award Number: 70NANB10H012 (``JVTIP70NANB10H012'') has filed... Antitrust Division Notice Pursuant to the National Cooperative Research and Production Act of 1993--Joint Venture Under TIP Award Number: 70NANB10H012 Notice is hereby given that, on January 14, 2010, pursuant...

  14. 75 FR 20002 - Notice Pursuant to the National Cooperative Research and Production Act of 1993 Joint Venture...

    Science.gov (United States)

    2010-04-16

    .... (``the Act''), the Joint Venture under TIP Award Number: 7ONANB1OHOO1 (``Brewer-Swent'') has filed... Antitrust Division Notice Pursuant to the National Cooperative Research and Production Act of 1993 Joint Venture Under Tip Award Number: 7ONANB1OHOO1 Notice is hereby given that, on February 3, 2010, pursuant...

  15. 75 FR 14192 - Notice Pursuant to the National Cooperative Research and Production Act of 1993-Joint Venture...

    Science.gov (United States)

    2010-03-24

    ... seq. (the Act''), the Joint Venture under TIP Award No. 70NANB10H014 to Perform Project Entitled... Antitrust Division Notice Pursuant to the National Cooperative Research and Production Act of 1993--Joint Venture Under Tip Award No. 70NANB10H014 To Perform Project Entitled: Automated Nondestructive...

  16. 75 FR 8116 - Notice Pursuant to the National Cooperative Research and Production Act of 1993-Joint Venture...

    Science.gov (United States)

    2010-02-23

    .... (``the Act''), the Joint Venture under TIP Award No. 70NANB10H009 (``JV TIP H009'') has filed written... Antitrust Division Notice Pursuant to the National Cooperative Research and Production Act of 1993--Joint Venture Under Tip Award No. 70NANB10H009 Notice is hereby given that, on January 15, 2010, pursuant...

  17. Political, Economic, Socio-Cultural, and Educational Challenges of Administering a Sino-US Joint Venture Campus in China

    Science.gov (United States)

    Ozturgut, Osman

    2008-01-01

    This qualitative study explored the political, economic, socio-cultural, and educational challenges of administering a Sino-U.S. joint-venture campus in the People's Republic of China. China American University (CAU) is an educational joint venture between China Investment Company (CIC) and American University (AU) in the U.S. that resulted in…

  18. 75 FR 62424 - New United Motor Manufacturing, Inc. Formerly a Joint Venture of General Motors Corporation and...

    Science.gov (United States)

    2010-10-08

    ... United Motor Manufacturing, Inc. Formerly a Joint Venture of General Motors Corporation and Toyota Motor Corporation Including On- Site Leased Workers From Corestaff, ABM Janitorial, Toyota Engineering and... Motor Manufacturing, Inc., formerly a joint venture of General Motors Corporation and Toyota...

  19. Role conflict and ambiguity of CEOs in international joint ventures: a transaction cost perspective.

    Science.gov (United States)

    Gong, Y; Shenkar, O; Luo, Y; Nyaw, M K

    2001-08-01

    Insights from transaction cost economics were used to study the boundary conditions underlying the role conflict and ambiguity of 265 CEOs in Chinese-based international joint ventures. Role conflict and ambiguity were lower when the contract between parents was more complete. Contract completeness fully mediated the effects of parent objective gap and parent formalization on role ambiguity but only partially so in the case of role conflict. Role conflict was lower when the foreign parent was dominant in the venture but higher when the local parent was dominant. Role conflict and ambiguity were inversely related to cultural distance. Neither construct had a detrimental effect on international joint venture performance. Implications for role theory are discussed.

  20. Le transfert de connaissances dans un cadre de joint venture : une approche des facteurs déterminants dans une logique interactive

    OpenAIRE

    Maaref, Abdenasser

    2014-01-01

    Today, more North-South Joint-ventures are initiated mainly to the quest for greater competitive advantages that will lead to improve performance. Nevertheless, knowledge transfer in North-South Joint-ventures is not well known. This research proposes to explore the knowledge transfer in the context of joint-venture network. The result of the research shows that knowledge transfer in this context is affected by the parent and the joint-venture. The informal relationship between decider on thi...

  1. Dual and common agency issues in international joint ventures: Evidence from China

    NARCIS (Netherlands)

    Roelfsema, H.J.|info:eu-repo/dai/nl/239815815; Zhang, Y.|info:eu-repo/dai/nl/328058335

    2010-01-01

    With the help of a theoretical model we analyze the relation between equity sharing in an international joint venture (EJV) and local public goods provision in a setting where the local government faces a commitment problem to provide public services ex post to the set-up of the firm. We show that t

  2. A conceptual framework for evaluating joint venture opportunities between hospitals and physicians.

    Science.gov (United States)

    Jacobson, C K

    1989-11-01

    This paper reviews the changes in the competitive and regulatory environment and examines the impact of those changes on the relationships between hospitals and physicians. Transaction cost economics (TCE) provides a conceptual framework for examining the emergence of closer linkages between hospitals and physicians than the traditional independent hospital and medical staff organisations. TCE predicts that as investments in support of transactions become more specialised, closer linkages are more efficient. To illustrate, two case studies of successful hospital-physician joint ventures are presented. The first case study describes a joint venture between hospitals and physicians to purchase durable medical equipment. The second case describes the breakdown of an informal arrangement and the subsequent formation of a joint venture to organise a clinical programme. The discussion reports the rationale for choosing these structural arrangements and their key features, pointing out how TCE would account for the decision to establish a joint venture. The conclusion discusses the implications of this argument for the strategic decisions of health care managers.

  3. Japan-U.S. Joint Ventures in Higher Education: Language Education in an Uncertain Future.

    Science.gov (United States)

    Clayton, Thomas

    1991-01-01

    Examines Japanese-U.S. joint venture language or U.S.-style education programs in Japan. These programs offer language and cultural education classes for those interested in English and for students who have failed in the Japanese education system. Problems facing these programs and the need to explore new, English-language education markets are…

  4. Long-Run Effects of Public–Private Research Joint Ventures

    DEFF Research Database (Denmark)

    Kaiser, Ulrich; Kuhn, Johan Moritz

    2012-01-01

    Subsidized research joint ventures (RJVs) between public research institutions and industry have become increasingly popular in Europe and the US. We study the long-run effects of such a support scheme that has been maintained by the Danish government since 1995. To cope with identification...

  5. Newly added joint ventures in China’s auto parts industry in 2007

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    <正>A total of 17 joint ventures on auto parts production were added in 2007, a slight increase year on year. The Chinese side partners were from FAW, SAIC, Beiqi and Sinotruk and foreigner partners were from Lear, Johnson Controls, ArvinMeritor, DEUTZ, FAURECIA and RICARDO. The planed products include car seat, interior, diesel engine, body electronics parts, transmission and bumper.

  6. Long-Run Effects of Public-Private Research Joint Ventures:

    DEFF Research Database (Denmark)

    Kaiser, Ulrich; Kuhn, Johan Moritz

    Subsidized research joint ventures (RJVs) between public research institutions and industry have become increasingly popular in Europe and the US. We study the long-run effects of such a support scheme that has been maintained by the Danish government since 1995. To cope with identification...

  7. Affiliation, joint venture or PSO? Case studies show why provider strategies differ.

    Science.gov (United States)

    1998-03-01

    Joint venture, affiliation or PSO? Here are three case studies of providers who chose different paths under Medicare risk, plus some key questions you'll want to ask of your own provider organization. Learn from these examples so you'll make the best contracting decisions.

  8. Preparing for Organisational Learning by HK Infrastructure Project Joint Ventures Organizations.

    Science.gov (United States)

    Walker, Derek H. T.; Johannes, Derick S.

    2003-01-01

    Interviews with nine Hong Kong managers involved in joint ventures with other organizations focused on the organizational learning aspects of collaboration: attitudes toward interorganizational learning, acquisition of knowledge assets, and learning motivation. An important motivation for developing alliances was to learn from each other, fill…

  9. El Control y la Confianza: dos rivales en las "International Joint Ventures"

    Directory of Open Access Journals (Sweden)

    Francisco Puig Blanco

    2013-02-01

    Full Text Available Las empresas conjuntas internacionales(International Joint Ventures se caracterizan pordos factores íntimamente relacionados: el control y eloportunismo. En este trabajo, trataremos de analizarla relación entre ambos factores y estudiaremos quétipos de control ayudarían a prevenir o a reducirel oportunismo en este tipo de empresas. Además,trataremos de identificar las ventajas e inconvenientesasociados al control y analizaremos el caso de unaInternational Joint Venture formada por dos empresas,una española y la otra americana, cuyo fracaso se debió,en gran parte, a la ausencia de control (confianza y aloportunismo.   ABSTRACT International Joint Ventures are distinguished bytwo closely related factors: control and opportunism.In this paper we will try to analyze the relationshipbetween both factors and we will study what controlswould help prevent or reduce opportunism in thisclass of enterprises. Besides, we will attempt to identifythe advantages and inconveniences associated withcontrol, and analyze one case of an International JointVenture comprised by two companies, a Spanish and anAmerican one whose failure was largely due to lack ofcontrol (trust and opportunism.

  10. Working abroad, working with others: How firms learn to operate international joint ventures

    NARCIS (Netherlands)

    H.G. Barkema (Harry); O. Shenkar (Oded); G.A.M. Vermeulen (Freek); J.H.J. Bell (John)

    1997-01-01

    textabstractSuccessful international joint ventures entail both learning to operate across national boundaries and learning to cooperate. Hypotheses grounded in organizational learning theory were tested with event-history analysis and data on 1,493 expansions of 25 large Dutch firms between 1966 an

  11. Passion Research: A Joint Venture To Interest High School Students in Chemistry.

    Science.gov (United States)

    Carriere, Francois J.; Abouaf, Madeleine

    1997-01-01

    Describes a joint venture between the Centre National de la Recherche Scientifique (CNRS) and the Department of Education in France that was created to allow students to do practical scientific work with the help of a CNRS researcher. Presents two practical projects done by students on organic polymers and on color. Concludes that this increases…

  12. Mutuality, Metaphor and Micropolitics in Collaborative Governance: A Joint Venture in UK Higher Education

    Science.gov (United States)

    Ross, Fiona; Woodfield, Steve

    2017-01-01

    As market-led higher education systems become the "new normal", a wider variety of organisational forms is likely to emerge. This paper reports on the findings of a qualitative and historical study that aimed to explore the meaning of collaborative governance in a unique and long-standing higher education joint venture in England.…

  13. Japan-U.S. Joint Ventures in Higher Education: Language Education in an Uncertain Future.

    Science.gov (United States)

    Clayton, Thomas

    1991-01-01

    Examines Japanese-U.S. joint venture language or U.S.-style education programs in Japan. These programs offer language and cultural education classes for those interested in English and for students who have failed in the Japanese education system. Problems facing these programs and the need to explore new, English-language education markets are…

  14. Endangered Species and North American Waterfowl Management Plan Joint Venture Areas,

    Science.gov (United States)

    1996-10-01

    Recovery Plans that meet the recovery plan requirements; and the percent of Corps acreage included within North American Waterfowl Management Joint ... Venture Implementation Plans where proposed work has been accomplished. This report seeks to provide this information. In summary, the Corps has

  15. New evidence of the prevalence and scope of physician joint ventures.

    Science.gov (United States)

    Mitchell, J M; Scott, E

    1992-07-01

    Physician ownership of health care businesses (outside their own practice) to which they refer patients has attracted considerable attention in the medical literature, in the media, and from federal and state policymakers. Despite the concerns raised about these ownership arrangements, known as joint ventures, the prevalence and scope of joint ventures involving physicians is not well documented. This report examines the prevalence and scope of physician joint ventures in Florida based on data collected under a legislative mandate. Our results indicate that physician ownership of health care businesses providing diagnostic testing or other ancillary services is common in Florida. While this conclusion is based on our comprehensive survey of health care businesses in Florida, it is at least indicative that such arrangements are likely to occur elsewhere. We find that at least 40% of Florida physicians involved in direct patient care have an investment interest in a health care business to which they may refer their patients for services; over 91% of the physician owners are concentrated in specialties that may refer patients for services. About 40% of the physician investors have a financial interest in diagnostic imaging centers. The estimates reported here indicate that the proportion of referring physicians involved in direct patient care who participate in joint ventures is much higher than previous estimates suggest.

  16. Les Joints-Venture Internationales dans La Construction Europeénne

    DEFF Research Database (Denmark)

    Bonke, Sten; Campacnac, Elisabeth; Stanghellini, Stefano

    This text presents a condensed, yet comprehensive review of the methodology and interim findings of a large international comparative study. Construction joint-ventures in five European countries have been investigated with the aim of identifying preconditions to and consequenses of international...

  17. Passion Research: A Joint Venture To Interest High School Students in Chemistry.

    Science.gov (United States)

    Carriere, Francois J.; Abouaf, Madeleine

    1997-01-01

    Describes a joint venture between the Centre National de la Recherche Scientifique (CNRS) and the Department of Education in France that was created to allow students to do practical scientific work with the help of a CNRS researcher. Presents two practical projects done by students on organic polymers and on color. Concludes that this increases…

  18. Mutuality, Metaphor and Micropolitics in Collaborative Governance: A Joint Venture in UK Higher Education

    Science.gov (United States)

    Ross, Fiona; Woodfield, Steve

    2017-01-01

    As market-led higher education systems become the "new normal", a wider variety of organisational forms is likely to emerge. This paper reports on the findings of a qualitative and historical study that aimed to explore the meaning of collaborative governance in a unique and long-standing higher education joint venture in England.…

  19. Comparing the success of two joint ventures in the ready to drink tea market: implications for alliance management theory

    OpenAIRE

    Langie, Tom

    2014-01-01

    Joint ventures are a very popular type of alliance and can offer a lot of advantages. Yet they can be a hand full to manage and many joint ventures fail to properly achieve their objectives. Since Unilever and PepsiCo agreed to help me on this final paper, I was in a unique position to thoroughly scrutinize their joint venture, called PLI, which manufactures and sells Lipton Ice Tea. The reason why this was such an instructive experience is because there is another almost identical joint vent...

  20. Melting the Iron Curtain: opportunities for public health collaboration through international joint ventures.

    Science.gov (United States)

    Gellert, G A; Kaznady, S I

    1991-03-16

    The opportunities for international public health collaboration through joint business ventures between the USSR and Western nations, an arrangement that would benefit the public, industry, and the medical community, are discussed. Evidence indicates that the state of health of the Soviet population is declining rapidly; the Soviet minister has called for a major restructuring of the health care system, one that places greater emphasis on prevention. Although the USSR has begun to look to the West for economic and political guidance, it is suggested that Soviets would be ill-advised to discard the goal of universal access to health care and adopt, for example, the US model (the US itself is currently debating the appropriate function of government in health care). The USSR, however, could benefit from some of the private-public collaborations that already take place in the West. In the USSR, this collaboration could take the form of joint ventures. Such joint ventures in public health already exist in the USSR. For example, the multinational Tambrands Inc. Has established an international joint venture in the Ukraine to manufacture tampons. Its Soviet counterpart, Femtech, provides labor, supplies, facilities, and marketing, while Tambrands provides its trademark, plant design, equipment, training, and management. Between 1990 and 1991, Tambrands increased its market share of tampons from 3% to 22%. A whole range of public health needs that could be met through joint ventures, such as the provision of badly needed contraceptives, is envisioned. It is concluded that such practices would not only be good business, but also good for the health of the Soviet people.

  1. Analysis of Financial Ratio to Distinguish Indonesia Joint Venture General Insurance Company Performance using Discriminant Analysis

    Directory of Open Access Journals (Sweden)

    Subiakto Soekarno

    2012-01-01

    Full Text Available Insurance industry stands as a service business that plays a significant role in Indonesiaeconomical condition. The development of insurance industry in Indonesia, both of generalinsurance and life insurance, has increased very fast. The general insurance industry itselfdivided into two major players which are local private company and Joint Venture Company.Lately, the use of statistical techniques and financial ratios models to asses financial institutionsuch as insurance company have been used as one of the appropriate combination inpredicting the performance of an industry. This research aims to distinguish between JointVenture General Insurance Companies that have a good performance and those who are lessperforming well using Discriminant Analysis. Further, the findings led that DiscriminantAnalysis is able to distinguish Joint Venture General Insurance Companies that have a goodperformance and those who are not performing well. There are also six ratios which are RBC,Technical Reserve to Investment Ratio, Debt Ratio, Return on Equity, Loss Ratio, and ExpenseRatio that stand as the most influential ratios to distinguish the performance of joint venturegeneral insurance companies. In addition, the result suggest business people to be concernedtoward those six ratios, to increase their companies’ performance.Key words: general insurance, financial ratio, discriminant analysis

  2. Analysis of Financial Ratio to Distinguish Indonesia Joint Venture General Insurance Company Performance using Discriminant Analysis

    Directory of Open Access Journals (Sweden)

    Subiakto Soekarno

    2012-01-01

    Full Text Available Insurance industry stands as a service business that plays a significant role in Indonesiaeconomical condition. The development of insurance industry in Indonesia, both of generalinsurance and life insurance, has increased very fast. The general insurance industry itselfdivided into two major players which are local private company and Joint Venture Company.Lately, the use of statistical techniques and financial ratios models to asses financial institutionsuch as insurance company have been used as one of the appropriate combination inpredicting the performance of an industry. This research aims to distinguish between JointVenture General Insurance Companies that have a good performance and those who are lessperforming well using Discriminant Analysis. Further, the findings led that DiscriminantAnalysis is able to distinguish Joint Venture General Insurance Companies that have a goodperformance and those who are not performing well. There are also six ratios which are RBC,Technical Reserve to Investment Ratio, Debt Ratio, Return on Equity, Loss Ratio, and ExpenseRatio that stand as the most influential ratios to distinguish the performance of joint venturegeneral insurance companies. In addition, the result suggest business people to be concernedtoward those six ratios, to increase their companies’ performance.Key words: general insurance, financial ratio, discriminant analysis

  3. Efficient capacity investment and joint production agreements in an oligopolistic electricity market: The HidroAysen joint venture project

    Energy Technology Data Exchange (ETDEWEB)

    Raineri, Ricardo [Departamento de Ingenieria Industrial y de Sistemas, Escuela de Ingenieria, Pontificia Universidad Catolica de Chile, Vicuna Mackenna 4860, Macul, Santiago (Chile); Contreras, Gonzalo [Escuela de Ingenieria, Pontificia Universidad Catolica de Chile, Vicuna Mackenna 4860, Macul, Santiago (Chile)

    2010-11-15

    We develop a model for a power market with the characteristics of the Chilean power supply industry, which is an integrated system with a system operator (SO) with a vast authority to define the dispatch of the system. We evaluate whether a large joint power generator project made up by the two largest power generators is an anti-competitive project. Considering four investment technologies for power generation, namely, hydro, coal, diesel, and an advantageous hydro technology which can only be built in a large scale (HidroAysen) for the joint venture case, we use an oligopolistic Cournot model and a Benevolent Social Planner, both calibrated to the Chilean power industry, in order to assess the efficiency of alternative investment strategies and conditions whether the HidroAysen joint venture project can be barred to be judged as anti-competitive. Results suggest that the joint venture is an efficient investment and there is a pro-competitive behaviour on the part of the two power generators, and that there are benefit to consumers, who should expect non-increasing energy prices as a result of the advantageous hydrotechnology. (author)

  4. FUNCTIONS OF SOCIAL RELATIONSHIPS IN THE ORGANIZING OF AN INTERNATIONAL JOINT VENTURE

    Directory of Open Access Journals (Sweden)

    Daniel Serafim BROTEA

    2009-12-01

    Full Text Available This paper examines the use of social relationships in the organizing of a business network in the case of an international joint venture (IJV developing over time. The organizing process and the multicultural setting of the international joint venture emphasize the actions of and interactions between individuals from various organizations. The IJV-managers' use of their social relationships in business organizing is explored through analysis of narratives of IJVmanagers in a longitudinal single case to provide empirically grounded theory. From the in-depth interviews with IJV-managers the business relationships are identified as characterized by four possible levels of interpersonal relationships whose type influences the functions of the relationships and visa versa. One business relationship may contain only one or many of these interpersonal levels and an effective business relationship contains the appropriate interpersonal level for the business issue at hand.

  5. Drafting Intellectual Property Joint Venture Agreements with an Eye Toward Termination

    Directory of Open Access Journals (Sweden)

    Jackie Taylor

    2004-04-01

    Full Text Available When joint venture ("JV" parents come together with a business idea, they expect to develop the resulting intellectual property ("IP" to the benefit of all parents. The joint venture agreement ("JVA" is crucial to the formation and operation of the IP JV. Careful drafting will account for the parties’ expectations regarding the parents’ and the JV’s IP. However, the parties should realize that the JVA is also crucial to the termination of the JV. The JV parents must accept the reality that all JVs must come to an end, and some JVs will come to an end sooner than one of the parties might have wished. Therefore, parties to the JVA should devise a plan for termination in advance.

  6. The use of joint ventures to accomplish aboriginal economic development: Two examples from British Columbia

    Directory of Open Access Journals (Sweden)

    Jeremy Boyd

    2009-09-01

    Full Text Available “Aboriginal economic development” differs from other forms of development by emphasizing aboriginal values and community involvement. Joint ventures, while providing business advantages, may not be able to contribute to aboriginal economic development. This paper examines two joint ventures in the interior of British Columbia to examine their ability or inability to contribute the extra dimensions of development desired by aboriginal communities. The AED framework examines business structure; profitability; employment; aboriginal capacity in education, experience, and finance; preservation of traditional values, culture and language; control of forest management over traditional territory; and community support. Established in the context of unresolved land claims, both enterprises partially contribute to aboriginal economic development, but in different ways and with different overall results.

  7. The joint venture contract. Practical aspects regarding the admissibility of the request for exclusion of the associate

    Directory of Open Access Journals (Sweden)

    Andreea STOICAN

    2015-06-01

    Full Text Available The present paper aims at pointing out an important aspect in the implementation of the professionals’ activity through the joint venture, more precisely, it raises the problem of the admissibility of the request for exclusion of the associate. Thus, although one can tell that to a certain extent the joint venture can be regarded as a species of the partnership deed, it does not acquire legal personality, reason why we have set as objective to analyse the problem of the exclusion of an associate from the practical perspective, as the legislation does not offer a clear solution in this regard. Consequently, the present study shall have the following structure: 1 Introduction, 2 The concept of joint venture, 3 The relation between the joint venture parties and the third parties, 4 Exclusion of the associate, 5 Conclusions.

  8. 75 FR 47632 - New United Motor Manufacturing, Inc., Formerly a Joint Venture of General Motors Corporation and...

    Science.gov (United States)

    2010-08-06

    ... General Motors Corporation and Toyota Motor Corporation, Including On- Site Leased Workers From Corestaff, ABM Janitorial, Toyota Engineering and Manufacturing North America, NPA Coatings, Inc., and Premier... Motor Manufacturing, Inc., formerly a joint venture of General Motors Corporation and Toyota...

  9. Intellectual Property Rights, International Joint Ventures and FDI: An Empirical Study

    OpenAIRE

    Thitima Puttitanun

    2006-01-01

    Two types of foreign direct investments (FDI), joint ventures (JVs) and wholly owned affiliates, should be treated separately when studying the influence of intellectual property rights (IPRs) on FDI. Failure to distinguish between types of FDI may explain previously mixed results regarding the effects of IPRs on FDI. Using U.S. affiliates data, we find that JVs and wholly owned affiliates react to a change in IPRs regime differently. In particular, there exists an education threshold level a...

  10. On the growth of foreign affiliates: multinational plant networks, joint ventures, and flexibility

    OpenAIRE

    Belderbos, Rene; Zou, J.

    2007-01-01

    We take a flexibility perspective to analyse employment growth in a large sample of Japanese manufacturing affiliates in nine Asian countries during the years leading up to and into the Asian financial crisis (1995–1999). We find that joint ventures are less flexible than wholly owned affiliates in responding to changing environmental conditions in the focal country, and underperform in high-growth environments. Multinational enterprises (MNEs) use the flexibility created by their multination...

  11. Factors for selecting joint venture partner for construction project in South Africa

    OpenAIRE

    Mba, Bekale; Agumba, Justus

    2017-01-01

    Abstract: The construction industry plays a vital role in South Africa’s economic and social development where this industry provides the physical infrastructure and backbone for economic activity while providing a large-scale provider of employment. In a world of rapidly increasing global competition, enterprises partake in joint ventures in order to stay competitive and strategically flexible. Even though, one of the most prevalent types of business arrangements that are being used by South...

  12. Kickbacks, stark violations, client billing, and joint ventures: facts and controversies.

    Science.gov (United States)

    Mannava, Kathleen A; Bercovitch, Lionel; Grant-Kels, Jane M

    2013-01-01

    Many current business trends in the field of dermatopathology deserve ethical scrutiny. An important point to consider in these analyses is that which is legal is not necessarily ethical. We examine the topics of client billing, contractual joint ventures, and health information technology donations, including both the legal implications as pertaining to the Stark Law and Anti-Kickback Statute, and the ethical ramifications of these practices.

  13. PetroChina and Kuwait to Construct Joint Venture Refinery in South China

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    @@ PetroChina, China's largest oil producer and Asia's most profitable company, and Kuwait may build a planned joint venture oil refinery in South China's Pearl River Delta area, according to Guangdong Province's Executive Vice Governor Zhong Yangsheng, who told reporters at the Boao Forum for Asia in Hainan Province in late April.However, he declined to provide further details. The Pearl River Delta region accounts for about a third of the nation's exports.

  14. Narrow harbors. Few joint ventures will find haven in the investment-interest safe harbor.

    Science.gov (United States)

    Lepper, G J; Swoboda, J

    1991-12-01

    Investors and potential investors had hoped for meaningful guidance from the safe harbor regulations on appropriate structures for healthcare joint ventures. Unfortunately, the narrowly drawn final investment-interest safe harbor offers relatively little meaningful guidance or protection for the vast majority of such ventures. The Illegal Remuneration Statute (also known as the fraud and abuse statute) was first enacted in 1972 to prohibit members of the healthcare community from exchanging patient referrals for any kind of remuneration. In 1987 Congress instructed the secretary of Health and Human Services to create "safe harbors" for legitimate payment practices that, although they may violate the statute's strict prohibition, will be protected from prosecution. The investment-interest safe harbor has garnered the most attention. It provides two safe harbors, one for investments in large entities and one for investments in small entities. Both safe harbors contain onerous threshold requirements and other restrictions that diminish the usefulness of the safe harbor for all but a very few ventures. In addition, the Office of the Inspector General has created other obstacles to forming and preserving "safe" healthcare business ventures, including a refusal to "grandfather" or create a "safe harbor restructuring period" for existing business arrangements. Because most existing or planned joint ventures do not qualify for the investment-interest safe harbor, investors are forced to make their business decisions on the basis of the same factors used before publication of the safe harbor regulations. Such analysis will continue to focus on factors that demonstrate organizations' intent in making payments to investors as a return on investments.

  15. Value Management of Joint Venture%合资公司价值管理

    Institute of Scientific and Technical Information of China (English)

    薛宏彬

    2014-01-01

    公司价值管理是企业管理的重要方面,良好的价值管理可以帮助企业实现价值的增值,从而为股东带来收益。本文以合资企业为研究对象,通过分析合资公司价值管理中存在的问题,提出了相对应的解决办法。期望通过本文的研究,可以为合资企业的价值管理做出贡献。%The value management of the company is an important aspect of business management, and good value management can help companies achieve value added and bring gains for shareholders. In this paper, with the object of joint venture, through the analysis of the problems in value management of the joint venture, the corresponding solutions are made. The author hopes that this research can contribute to the joint venture's value management.

  16. Mexico joins the venture: Joint Implementation and Greenhouse Gas Emissions

    Energy Technology Data Exchange (ETDEWEB)

    Imaz, M.; Gay, C.; Friedmann, R.; Goldberg, B.

    1998-11-01

    Joint Implementation (JI) and its pilot phase of Activities Implemented Jointly (AIJ) are envisioned as an economic way of reducing global emissions of greenhouse gases. This paper draws upon the Mexican experience with AIJ to identify Mexican concerns with AIJ/JI and proposed solutions to these. Three approved Mexican AIJ projects (Ilumex, Scolel Te, and Salicornia) are described in detail. The Ilurnex project promotes the use of compact fluorescent lamps in Mexican homes of the States of Jalisco and Nuevo Leon, to reduce electric demand. Scolel Te is a sustainable forest management project in Chiapas. Salicornia examines the potential for carbon sequestration with a Halophyte-based crop irrigated with saline waters in Sonora. These three projects are reviewed to clarify the issues and concerns that Mexico has with AIJ and JI and propose measures to deal with them. These initial Mexican AIJ projects show that there is a need for creation of standard project evaluation procedures, and criteria and institutions to oversee project design, selection, and implementation. Further JI development will be facilitated by national and international clarification of key issues such as additionality criteria, carbon-credit sharing, and valuation of non-GHG environmental and/or social benefits and impacts for AIJ projects. Mexico is concerned that JI funding could negatively impact official development assistance or that OECD countries will use JI to avoid taking significant GHG mitigation actions in their own countries. The lack of carbon credit trading in the AIJ stage must be removed to provide useful experience on how to share carbon credits. National or international guidelines are needed to ensure that a portion of the carbon credits is allocated to Mexico.

  17. The impact of the Tulane-HCA joint venture on academic and clinical missions.

    Science.gov (United States)

    Whitecloud, T S; Smathers, J E; Barrack, R L

    2001-10-01

    As with any joint venture in any given industry, positive and negative impacts are felt. Tulane University School of Medicine experienced impacts on its academic and clinical missions as a result of the joint venture between Tulane University and HCA, a for-profit public company. The laws of business had entered the halls of medicine. Although patients, personnel, and physicians experienced culture shock and inconveniences, Tulane University School of Medicine has been able to maintain viable training programs, and its faculty physicians have a hospital and corporately run clinics across the street. In addition, multidisciplinary centers of excellence, long spoken of in the academic realm, came to fruition through the corporate world. This may not have been the case, had Tulane University not entered into ajoint venture with HCA. Is it worth the effort? For Tulane University, whether one likes the entire package or not, the answer must be yes. The greatest impact is that the orthopaedic surgeons still are in a position to fulfill their academic and clinical missions.

  18. IRS General Counsel Memorandum threatens some hospital-physician joint ventures.

    Science.gov (United States)

    Driscoll, T L; Schieble, M T

    1992-03-01

    To defend against the heightened scrutiny of hospital-physician relations expected from the IRS, hospital management should closely examine any activities now conducted with physicians to determine whether each activity, as organized and operated, furthers the hospital's charitable mission of promoting the health of its community, rather than merely enhancing the financial health of the institution itself. Any arrangements that do not appear to satisfy the principles enunciated in GCM 39862 should be examined to see if they should be restructured or dissolved. In structuring new transactions and examining existing arrangements, the following principles should be kept in mind: 1. Transactions should not be premised upon increased utilization or physician referrals. Enhancing or protecting market share, even for the purpose of preserving an institution's presence in the community, will likely no longer be accepted as a justification for pursuing joint venture arrangements. In justifying such ventures, management must distinguish between benefit to the community and benefit to the institution. 2. Transactions whereby existing services or equipment are "spun off" to a hospital-physician joint venture run a serious risk of enhanced IRS scrutiny. 3. Transactions creating or providing new facilities or services should be more favorably perceived, particularly where participants other than the hospital take an active role in managing the venture. Where the hospital is the sole general partner and merely manages what it would have managed had there been no physician investors, the question of why physicians are involved will likely be of greater concern than it has been in the past.(ABSTRACT TRUNCATED AT 250 WORDS)

  19. The physician/hospital joint venture: developing a win/win strategy for success. Part III: Structuring and negotiating the deal.

    Science.gov (United States)

    Shorr, A S

    1987-08-01

    This four part series, "The Physician/Hospital Joint Venture: Developing a Win/Win Strategy," examines the philosophical basis of marketing to physicians, the options for the organization in formulating a strategy for joint venture development, structuring and negotiating the deal, and finally how to build the physician loyalty and commitment essential for the joint venture's continued success. In this third part of the series, the author examines the elements essential to structure a successful joint venture and key issues that need to be addressed during the negotiation process.

  20. Medicare fraud regulations and the implications for joint ventures: are we working at cross purposes?

    Science.gov (United States)

    Di Giovanni, L; Gibofsky, A

    1995-01-01

    The broad language and the broad application of the antifraud and Stark statutes has created uncertainty in the developing trend toward prepaid health plans and other systems (such as joint ventures) which are designed to deliver high quality services at reasonable costs. The motivation behind the statutes and the need for statutes that prosecute exploitation of the federal health care systems are needed. However, a reactive prosecutorial system may be inappropriate. A proactive administrative regulatory system where parties contemplating such ventures can receive quick, reliable approval or disapproval (with an explanation) would reduce the uncertainty in the current system. Such a system can be developed using the Stark reporting requirements and can be based on the model of certificate-of-need applications. Such models are being discussed in national health reform proposals, but in the area of antitrust. These proposals should consider such mechanisms for health care fraud that is of a more subtle nature. A serious longterm drawback is the lack of a preemption provision in the current laws and the proposals for national health reform relating to health care fraud and prohibited referrals. A preemption provision would reduce uncertainty that will develop as health care ventures cross state lines.

  1. BASF and Sinopec Break Ground on $1.4 Billion Expansion of Nanjing Joint Venture Chemical Site

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    @@ BASF and Sinopec began the construction for the expansion of their joint venture,BASF-YPC Co.,Ltd.(BYC).BASF and Sinopec plan to jointly invest approximately $1.4 billion in technologies to produce downstream chemical intermediates and specialties for the Chinese market.

  2. Private benefit, joint ventures, and the death of healthcare as an exempt purpose.

    Science.gov (United States)

    Colombo, J D

    2001-01-01

    The private benefit doctrine has become the IRS' main policing tool for tax exemption in healthcare. The IRS' modern interpretation of private benefit has clearly become the major limitation on exempt status. This Article begins by tracing the common law origins of this doctrine and how it became such an integral part of the IRS' analysis. Next, the author looks at policy issues regarding alternative analysis to the private benefit doctrine in cases of joint ventures between healthcare providers and for-profit investors. Finally, Professor Colombo questions the expanded use of this doctrine, arguing that in its current form it has no sound legal or policy under-pinnings.

  3. Revised DOJ and FTC policy statements offer more options for physician joint ventures.

    Science.gov (United States)

    Busey, R C

    1996-11-01

    Physician networks and multi-provider networks that do not demonstrate financial integration through substantial risk sharing present antitrust risk and face possible scrutiny by the Department of Justice and Federal Trade Commission. However, the DOJ and the FTC have recently revised statements 8 and 9 of their Statements of Enforcement in Health Care. The revised statements allow increased flexibility in the formation of provider networks and describe in detail the extent of integration--financial or otherwise --required for a joint venture to be lawful.

  4. Intellectual Property Rights and Entry into a Foreign Market: FDI versus Joint Ventures

    OpenAIRE

    Leahy, Dermot

    2010-01-01

    We study the effect of the intellectual property rights (IPR) regime of a host country (South) on a multinational’s decision between serving a market via greenfield foreign direct investment to avoid the exposure of its technology or a North–South joint venture (JV) with a local firm, which allows R&D spillovers under imperfect IPRs. JV is the equilibrium market structure when R&D intensity is moderate and IPRs strong. The South can gain from increased IPR protection because it en...

  5. Special report on reimbursement. The safe harbor for small investment interests: where do joint ventures go from here?

    Science.gov (United States)

    Lindeke, J M

    1991-11-01

    There is no specific federal self-referral legislation presently proposed or in effect that statutorily prohibits providers from referring Medicare or other patients to entities in which the referrers have an investment interest, except for existing "Stark" legislation, which applies only to clinical laboratory services, effective January 1, 1992. (See Newsletter, Vol. 6, No. 1, January 1991, at 3.) Thus, health care joint ventures are not per se illegal. The publication of the Safe Harbor Regulations does nothing to change this fundamental fact, and it should not cause providers to abandon existing joint ventures, or planned ones, in a "knee-jerk" fashion, without careful analysis. Of course, there is no guarantee that expanded "Stark" legislation, or some other new self-referral legislation, will not be enacted in the future to prohibit providers from referring patients to entities in which they have an investment interest. Because of this uncertainty, all health care joint ventures should contain "unwinding" provisions to govern the rights and obligations of investors in the event that the venture is required to, or the participants voluntarily elect to, dissolve. Any new venture being contemplated should plan for dissolution, and existing ventures should undertake an internal review of their charter documents to assess whether the rights and duties of all participants upon dissolution are properly spelled out. If not, amendments should be made now, while all participants are on good terms. A failure to agree in advance upon such important issues is an invitation to discord, and possibly even litigation.

  6. Joint venture

    OpenAIRE

    İSLAMOV, Nazım

    2015-01-01

    Globalleşme süreci, ülkeler arasında eskiye oranla daha sıkı bağlar kurulması ihtiyacını doğurmuş, farklı ülkelerdeki müteşebbislerin, tüm bürokratik engellemelere karşın, ortak amaç doğrultusunda bir araya gelmelerine yol açmıştır. Bu durumun Ticaret hukuku alanındaki görünümü ise, ortak girişimcilik ve özellikle de iş ortaklıları şeklinde olmuştur. Ülke içinde de sık görülen iş ortaklıklarının ülke sınırlarını aşarak, uluslararası alana sıçrayışı, globalleşmenin doğal bir sonucudur. Çalışm...

  7. Human ResourceManagement Practices and Organizational Performance: Evidence from Japanese and US Subsidiaries/Joint Venture in Bangladesh

    Directory of Open Access Journals (Sweden)

    Mohammad Khasro Miah

    2017-05-01

    Full Text Available The purpose of this research is to examine the conditions of home and host country culture as well as country of origin effect of HRM practices and its result on organizational performance (OP. The empirical findings showed that Japanese and U.S subsidiaries and joint ventures adapt localization practices with their modifying home host technique with the local business environment. The findings recommend that managers in the US and Japanese subsidiaries and joint ventures in Bangladesh are more strongly influenced by its host country’s national culture (as an adoptive host country national and corporate culture. Finally, it can be stated that foreign subsidiaries and joint ventures are trying to achieve the location advantage to create a particular type of HRM practices, with a combined and confined HRM practice that can fit for better organizational performance.

  8. [Analysis of influential factors for job burnout among managers in a joint venture in Guangzhou, China].

    Science.gov (United States)

    Lin, Qiu-hong; Jiang, Chao-qiang; Liu, Yi-min; Guo, Jing-yi; Lam, Tai Hing

    2013-12-01

    To investigate the influential factors for job burnout among the managerial staff in a Sino-Japanese joint venture automobile manufacturer in Guangzhou, China. A total of 288 managers in a Sino-Japanese joint venture automobile manufacturer were surveyed using the Occupational Stress Indicator, Maslach Burnout Inventory (MBI), Eysenck Personality Questionnaire, Simplified Coping Style Questionnaire, and Social Support Rating Scale. On the depersonalization dimension, the male managers had significantly higher scores than the female managers. The scores of emotion exhaustion and depersonalization of MBI showed significant differences among the managers with different levels of occupational stress. The path analysis showed that occupational stress, neuroticism, and psychoticism had negative effects on emotion exhaustion, while job satisfaction and utilization of social support had direct positive effects on emotion exhaustion. Occupational stress, psychoticism, and passive coping style had direct negative effects on depersonalization, while job satisfaction, objective support, and utilization of social support had positive effects on depersonalization. Job satisfaction and active coping style had positive effects on sense of personal accomplishment, while passive coping style had a negative effect on sense of personal accomplishment. Personality exerted its effect on social support through coping style and thus on job satisfaction and job burnout. Male managers have a greater propensity to depersonalization than their female counterparts. High occupational stress is a risk factor for job burnout. Personality, social support, and coping style are influential factors for job burnout.

  9. "Balancing the Partner's Contribution" - Analyzing the Risks and Benifits in the case of an Indian Joint Venture.

    OpenAIRE

    gautam, mukim

    2006-01-01

    Joint Venture is used as it has the tendency to evolve where there is a need to implant hierarchy to enable future strategic decision-making in cases where single firm alternatives are inferior or prohibited. (Kay,N.M. 1997) A Joint Venture can be defined an agreement between two or more firms, leading to the establishment of a separate legal entity. The firms may be held responsible for their own individual tasks for which they have special expertise, knowledge or past achievements. For ...

  10. Federal tax-exemption requirements for joint ventures between nonprofit hospital providers and for-profit entities: form over substance?

    Science.gov (United States)

    Young, Gary J

    2004-01-01

    This article discusses the IRS rule on hospital joint ventures and related legal developments. The central thesis is that the IRS's emphasis on operational control is misplaced from both a legal and a policy perspective, and reflects a decidedly strong preference for the form of a joint venture's governance over the substance of its charitable and community service activities. More specifically, the article challenges the IRS position that the rule is a corollary of existing tax law principles. Additionally, social science research is presented to demonstrate that the rule is not likely to promote, and may in fact undermine, United States health policy objectives.

  11. "Balancing the Partner's Contribution" - Analyzing the Risks and Benifits in the case of an Indian Joint Venture.

    OpenAIRE

    gautam, mukim

    2006-01-01

    Joint Venture is used as it has the tendency to evolve where there is a need to implant hierarchy to enable future strategic decision-making in cases where single firm alternatives are inferior or prohibited. (Kay,N.M. 1997) A Joint Venture can be defined an agreement between two or more firms, leading to the establishment of a separate legal entity. The firms may be held responsible for their own individual tasks for which they have special expertise, knowledge or past achievements. For ...

  12. A JOINT VENTURE MODEL FOR ASSESSMENT OF PARTNER CAPABILITIES: THE CASE OF ESKOM ENTERPRISES AND THE AFRICAN POWER SECTOR

    Directory of Open Access Journals (Sweden)

    Y.V. Soni

    2012-01-01

    Full Text Available

    ENGLISH ABSTRACT: This article investigates the concept of joint ventures in the international energy sector and develops a joint venture model, as a business development and assessment tool. The joint venture model presents a systematic method that relies on modern business intelligence to assess a potential business venture by using a balanced score card technique to screen potential partners, based on their technological and financial core capabilities. The model can be used by business development managers to harness the potential of joint ventures to create economic growth and sustainable business expansion. Furthermore, partnerships with local companies can help to mitigate econo-political risk, and facilitate buy-in from the national governments that are normally the primary stakeholders in the energy sector ventures (directly or indirectly. The particular case of Eskom Enterprises (Pty Ltd, a wholly owned subsidiary of Eskom, is highlighted.

    AFRIKAANSE OPSOMMING: Hierdie artikel ondersoek die begrip gesamentlike onderneming in die internasionale energiesektor en ontwikkel 'n gesamentlike-onderneming-model as 'n sake-ontwikkeling- en takseermodel. Die gesamentlike-onderneming-model bied 'n stelselmatige metode wat op moderne sake-intelligensie staat maak om 'n potensiële sake-onderneming op grond van die tegnologiese en finansiële kernvermoëns daarvan te takseer deur 'n gebalanseerdepuntekaart-tegniek te gebruik. Die model kan deur sake-ontwikkelingsbestuurders gebruik word om die potensiaal van gesamentlike ondernemings in te span om ekonomiese groei en volhoubare sake-uitbreiding daar te stel. Verder kan venootskappe met plaaslike maatskappye help om die ekonomiese risiko te verminder en inkoop te vergemaklik van die nasionale regerings wat gewoonlik die primêre belanghebbendes in die energiesektorondernemings is (hetsy regstreeks of onregstreeks. Die besondere geval van Eskom Enterprises (Edms Bpk, 'n vol filiaal van Eskom

  13. 13 CFR 127.506 - May a joint venture submit an offer on an EDWOSB or WOSB requirement?

    Science.gov (United States)

    2010-01-01

    ... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false May a joint venture submit an offer on an EDWOSB or WOSB requirement? 127.506 Section 127.506 Business Credit and Assistance SMALL BUSINESS ADMINISTRATION WOMEN-OWNED SMALL BUSINESS FEDERAL CONTRACT ASSISTANCE PROCEDURES Federal...

  14. Talkradio talks healthcare. CareAmerica's media joint venture works to promote healthier lifestyles throughout southern California.

    Science.gov (United States)

    1995-01-01

    "Partners in Caring" is a unique community awareness campaign to promote healthier lifestyles throughout southern California. The media joint venture links CareAmerica and KABC Talkradio in Los Angeles. The synergy works on several different levels. The combination might even work in your locale.

  15. A deal that's hard to refuse. Physicians use clout to win joint ventures with hospitals despite fiscal perils.

    Science.gov (United States)

    Jaklevic, M C

    2001-12-01

    Just as many hospitals rid themselves of unprofitable medical practices, a risky new strategy to win physician loyalty is gaining popularity: hospital-physician joint ventures. Some analysts say the deals could backfire, as the dangers for hospital balance sheets outweigh the benefits.

  16. 75 FR 39045 - New United Motor Manufacturing, Inc., Formerly a Joint Venture of General Motors Corporation and...

    Science.gov (United States)

    2010-07-07

    ... General Motors Corporation and Toyota Motor Corporation, Including On- Site Leased Workers From Corestaff, ABM Janitorial, Toyota Engineering and Manufacturing North America, and NPA Coatings, Inc., and On... Manufacturing, Inc., formerly a joint ] venture of General Motors Corporation and Toyota Motor...

  17. 75 FR 26794 - New United Motor Manufacturing, Inc., Formerly a Joint Venture of General Motors Corporation and...

    Science.gov (United States)

    2010-05-12

    ... Motor Manufacturing, Inc., Formerly a Joint Venture of General Motors Corporation and Toyota Motor... and Toyota Motor Corporation, including on-site leased workers from Corestaff, Fremont, California... assemble the Toyota Corolla and the Toyota Tacoma and used to assemble the Pontiac Vibe. The...

  18. The Potential for Joint Farming Ventures in Irish Agriculture: A Sociological Review

    Directory of Open Access Journals (Sweden)

    Cush Peter

    2016-03-01

    Full Text Available Joint farming ventures (JFVs are promoted within Irish and EU policy discourses as strategies that can enhance the economic and social sustainability of family farming. Research has shown that JFVs, including arrangements such as farm partnerships, contract rearing and share farming, can potentially enable farmers to work cooperatively to improve farm productivity, reduce working hours, facilitate succession, develop skills and improve relationships within the farm household. In the context of increasing policy promotion of JFVs, there is a need to make some attempt at understanding the macro socio-cultural disposition of family farming to cooperation. Reviewing sociological studies of agricultural cooperation and taking a specific focus on the Irish contextual backdrop, this paper draws the reader’s attention to the importance of historical legacy, pragmatic economic and social concerns, communicative norms, inter-personal relationships, individualism and, policy and extension stimuli, all of which shape farmers’ dispositions to cooperation and to JFVs specifically.

  19. The JOVE initiative - A NASA/university Joint Venture in space science

    Science.gov (United States)

    Six, F.; Chappell, R.

    1990-01-01

    The JOVE (NASA/university Joint Venture in space science) initiative is a point program between NASA and institutions of higher education whose aim is to bring about an extensive merger between these two communities. The project is discussed with emphasis on suggested contributions of partnership members, JOVE process timeline, and project schedules and costs. It is suggested that NASA provide a summer resident research associateship (one ten week stipend); scientific on-line data from space missions; an electronic network and work station, providing a link to the data base and to other scientists; matching student support, both undergraduate and graduate; matching summer salary for up to three faculty participants; and travel funds. The universities will be asked to provide research time for faculty participants, matching student support, matching summer salary for faculty participants, an instructional unit in space science, and an outreach program to pre-college students.

  20. A 'joint venture' model of recontacting in clinical genomics: challenges for responsible implementation.

    Science.gov (United States)

    Dheensa, Sandi; Carrieri, Daniele; Kelly, Susan; Clarke, Angus; Doheny, Shane; Turnpenny, Peter; Lucassen, Anneke

    2017-07-01

    Advances in genomics often lead healthcare professionals (HCPs) to learn new information, e.g., about reinterpreted variants that could have clinical significance for patients seen previously. A question arises of whether HCPs should recontact these former patients. We present some findings interrogating the views of patients (or parents of patients) with a rare or undiagnosed condition about how such recontacting might be organised ethically and practically. Forty-one interviews were analysed thematically. Participants suggested a 'joint venture' model in which efforts to recontact are shared with HCPs. Some proposed an ICT-approach involving an electronic health record that automatically alerts them to potentially relevant updates. The need for rigorous privacy controls and transparency about who could access their data was emphasised. Importantly, these findings highlight that the lack of clarity about recontacting is a symptom of a wider problem: the lack of necessary infrastructure to pool genomic data responsibly, to aggregate it with other health data, and to enable patients/parents to receive updates. We hope that our findings will instigate a debate about the way responsibilities for recontacting under any joint venture model could be allocated, as well as the limitations and normative implications of using ICT as a solution to this intractable problem. As a first step to delineating responsibilities in the clinical setting, we suggest HCPs should routinely discuss recontacting with patients/parents, including the new information that should trigger a HCP to initiate recontact, as part of the consent process for genetic testing. Copyright © 2017 The Authors. Published by Elsevier Masson SAS.. All rights reserved.

  1. Innovation through Joint Ventures. Implications and Role of the Top Management Team Innovación a través de Joint Ventures. Implicaciones y papel del Equipo de Alta Dirección

    Directory of Open Access Journals (Sweden)

    Andrea Ruiz Restrepo,

    2009-06-01

    Full Text Available Although equity-based arrangements, particularly Joint Ventures, are more effective than the contractual ones when trying to have access to knowledge needed for innovation, research on the factors on how to successfully achieve the development and implementation of this strategy is scarce and scattered. From the Upper Echelon Theory, the objective of this work is to develop a review and integration of the literature about shared control Joint Ventures, top management teams and innovation and to propose a framework of relationships. The role and implications of the top management team in carrying out a Joint Venture created to innovate is analyzed in this article, having as a conclusion that the diversity of the TMT (top management team can positively or negatively influence the results of such innovation. The directive nature of their work in relation to the parent companies may hinder the achievement of the objectives for which they were created. Other factors that may help correct the negative implications about innovation, created by the team composition and the characteristics of their work, are also considered.Aunque los acuerdos basados en capital, especialmente las Joint Ventures, son más efectivos que los contractuales a la hora de acceder al conocimiento necesario para la innovación, la investigación sobre los factores favorables al éxito en el desarrollo y consecución de esta estrategia es escasa y dispersa. A partir de la Upper Echelon Theory, el objetivo de este trabajo es desarrollar una revisión e integración de las literaturas sobre Joint Ventures de control compartido, equipos de alta dirección e innovación y proponer un marco de relaciones. Se analiza el papel y las implicaciones del equipo de alta dirección en el desempeño de una Joint Venture creada para innovar. Se concluye que la diversidad de los EAD puede incidir positiva o negativamente en los resultados de tal innovación. Las características de su labor

  2. The physician/hospital joint venture. Developing a win/win strategy for success. Part I: The first step: developing the environment.

    Science.gov (United States)

    Shorr, A B

    1987-02-01

    This four part series, "The Physician/Hospital Joint Venture: Developing a Win/Win Strategy," will examine the philosophical basis of marketing to physicians, the options for the organization in formulating a strategy for joint venture development, structuring and negotiating the deal, and finally how to build the physician loyalty and commitment essential for the joint venture's continued success. In this first article, the author emphasizes the organization's need to develop a strategic plan that includes a program for attracting physicians. It also points out the need for sensitivity to physicians' concerns and provides examples of successes and failures.

  3. Study of Peer-led Intervention on Reproductive Health Education and AIDS Prevention in Joint Venture Factories in Kunshan County

    Institute of Scientific and Technical Information of China (English)

    Xiao-ming SUN; Jian-fang ZHOU; Feng-ming YAN; Qin YIN; Jing-shu MAO; Cai-ying HUANG; Bo TAO

    2007-01-01

    Objective To disseminate the knowledge of contraception and STD/AIDS prevention to unmarried young adults.Methods A peer-led 8-month intervention on reproductive health promotion and STD/AIDS prevention was conducted in joint venture factories in Kunshan Countythrough existing family planning service network. A quasi-experimental design was used.Results The contraception, STD/AIDS related knowledge and attitudes improved significantly, and the use of condom also increased significantly in experimental group after the intervention. No such changes occurred in control group.Conclusion This study demonstrates that the peer-led education is an effective approach of expanding reproductive health and AIDS prevention services to unmarried young adults in the joint venture factories.

  4. Results of the Four Square Mile waterfowl populations survey in the Prairie Pothole Joint Venture area of North Dakota, South Dakota and northeast Montana

    Data.gov (United States)

    US Fish and Wildlife Service, Department of the Interior — Summary of the Four Square Mile Survey in the Prairie Pothole Joint Venture from 1989-2006. Information presented in this report is a summary of the survey results...

  5. Philanthropies croisées: a joint venture in public health at Lyon (1917-1940).

    Science.gov (United States)

    Saunier, Pierre-Yves; Tournès, Ludovic

    2009-01-01

    Since the end of the First World War the Rockefeller Foundation has spearheaded a large-scale programme in the field of education for the health professions (doctors and nurses). In several countries throughout the world, but with its efforts concentrated on Europe, it has financed schools, constructed information networks, granted research scholarships and awarded training bursaries. In so doing it has not, however, been in the business of propagating an irresistible "American model," nor has it pursued a huge undertaking in disinterested aid. Through an attempt to contextualize these programmes, to bring to light the existence of common reference points, to retrace the work with local participants and to appraise cleavages within the philanthropic apparatus, this article proposes a fine-grained reading of the role of the Rockefeller Foundation at the Faculté de Médecine (Faculty of Medicine) and the Ecole d'Infirmières et d'assistantes sociales (Training School for Nurses and Social Workers) in Lyon between 1917- and 1940. It analyses these institutions in terms of the transactions, negotiations and appropriations that highlight their joint-venture character and it identifies their varied impact.

  6. Foundation-industry relationships--a new business model joint-venture philanthropy in therapy development.

    Science.gov (United States)

    Bartek, Ronald J

    2014-01-01

    The business model for medical therapy development has changed drastically. Large companies that once conducted their own Research and Development (R&D) and funded all the preclinical studies, all phases of clinical development and marketing of the products are increasingly turning to others for more and more of the earlier work in hopes of being able to in-license a de-risked program well downstream, take it through the final phases of clinical development and into the marketplace. This new paradigm has required patient-advocacy foundations, especially in the rare-disease space, to become far more effective in building relationships with all the players along the therapy-development pathway -- academic scientists, government agencies, other foundations with overlapping interests, biotechs, small biopharmaceutical entities and even the larger industry companies. From the perspective of the patient-advocacy community, these increasingly essential public-private partnerships have taken on the nature of what could be called joint-venture philanthropy and involve a broad spectrum of collaborations and financial relationships between foundations and industry partners that are not without concerns about potential conflicts of interest.

  7. The Joint Venture Model of Knowledge Utilization: a guide for change in nursing.

    Science.gov (United States)

    Edgar, Linda; Herbert, Rosemary; Lambert, Sylvie; MacDonald, Jo-Ann; Dubois, Sylvie; Latimer, Margot

    2006-05-01

    Knowledge utilization (KU) is an essential component of today's nursing practice and healthcare system. Despite advances in knowledge generation, the gap in knowledge transfer from research to practice continues. KU models have moved beyond factors affecting the individual nurse to a broader perspective that includes the practice environment and the socio-political context. This paper proposes one such theoretical model the Joint Venture Model of Knowledge Utilization (JVMKU). Key components of the JVMKU that emerged from an extensive multidisciplinary review of the literature include leadership, emotional intelligence, person, message, empowered workplace and the socio-political environment. The model has a broad and practical application and is not specific to one type of KU or one population. This paper provides a description of the JVMKU, its development and suggested uses at both local and organizational levels. Nurses in both leadership and point-of-care positions will recognize the concepts identified and will be able to apply this model for KU in their own workplace for assessment of areas requiring strengthening and support.

  8. Ugovor o zajedničkom pothvatu (joint venture u naftnom sektoru

    Directory of Open Access Journals (Sweden)

    Ratko Brnabić

    2014-10-01

    Full Text Available U radu se raspravlja o ugovoru o zajedničkom pothvatu koji je praktički neizostavan dio svake ozbiljnije operacije istraživanja, a potom i iskorištavanja ugljikovodika (proizvodnja naftnih derivata. Riječ je o skupom pothvatu uz koji se vezuju brojni rizici pa trgovci u tom području žele sklapanjem takvog ugovora zadržati mogućnost (izglede da ostvare dobit, ali pritom podijele rizik. U prvom dijelu rada daje se prikaz bitnih značajki zajedničkog pothvata s posebnim osvrtom na područje iskorištavanja ugljikovodika. S obzirom na okolnost da se za potrebe zajedničkog pothvata često osniva trgovačko društvo kapitala, raspravlja se o pravnim odnosima članova tog društva međusobno te prema upravi društva. Skreće se pozornost i na razlike u značenju pojma joint venture posebice u američkom i hrvatskom pravu što može izazvati ozbiljne pravne učinke ako ortaci nemaju sjedište u istoj državi. Nakon toga, obrađuju se bitna pitanja koja ugovorne strane neizostavno moraju urediti da bi se izbjegli sudski sporovi. To su, primjerice, pitanje područja istraživanja, pravni položaj operatora, sredstva osiguranja, standard kvalitete pri obavljanju poslova, pravo na informiranje i nadzor te pitanje sustava rješavanja sukoba u ortaštvu. U zaključku se iznose rezultati istraživanja te se upućuje na moguća rješenja za otvorena pitanja uređenja međusobnog odnosa ortaka u zajedničkom pothvatu.

  9. ¿Cómo se enfrentan tres culturas corporativas en una joint venture? Caso Intesa-Venezuela

    OpenAIRE

    Margalit Berlin

    2002-01-01

    Este es un estudio de caso realizado en Intesa, una empresa conjunta o joint venture. En Intesa coinciden tres tipos de gerentes, según el tipo de organización de la cual provienen: de Petróleos de Venezuela (PDVSA), del sector privado nacional y del sector multinacional. Mientras los gerentes se adaptan a las culturas corporativas de estos tres sectores, traen ciertas características culturales que los diferencian entre sí. El objetivo de este trabajo es determinar si las diferen...

  10. Rail-lex Slovenia--A Modern Railway Dictionary (Joint Venture Case Study).

    Science.gov (United States)

    Jakopin, Primoz

    Rail-lex Slovenia is a project to develop a dictionary of railway terminology in the Slovenian language, part of a larger undertaking of the International Union of Railways to develop a modern, multilingual communication infrastructure. Participating organizations represent 22 European languages. Two partners in the Rail-lex Slovenia venture are…

  11. Application of numerical method in calculating the internal rate of return of joint venture investment using diminishing musyarakah model

    Science.gov (United States)

    Ruslan, Siti Zaharah Mohd; Jaffar, Maheran Mohd

    2017-05-01

    Islamic banking in Malaysia offers variety of products based on Islamic principles. One of the concepts is a diminishing musyarakah. The concept of diminishing musyarakah helps Muslims to avoid transaction which are based on riba. The diminishing musyarakah can be defined as an agreement between capital provider and entrepreneurs that enable entrepreneurs to buy equity in instalments where profits and losses are shared based on agreed ratio. The objective of this paper is to determine the internal rate of return (IRR) for a diminishing musyarakah model by applying a numerical method. There are several numerical methods in calculating the IRR such as by using an interpolation method and a trial and error method by using Microsoft Office Excel. In this paper we use a bisection method and secant method as an alternative way in calculating the IRR. It was found that the diminishing musyarakah model can be adapted in managing the performance of joint venture investments. Therefore, this paper will encourage more companies to use the concept of joint venture in managing their investments performance.

  12. ¿Cómo se enfrentan tres culturas corporativas en una joint venture? Caso Intesa-Venezuela

    Directory of Open Access Journals (Sweden)

    Margalit Berlin

    2002-01-01

    Full Text Available Este es un estudio de caso realizado en Intesa, una empresa conjunta o joint venture. En Intesa coinciden tres tipos de gerentes, según el tipo de organización de la cual provienen: de Petróleos de Venezuela (PDVSA, del sector privado nacional y del sector multinacional. Mientras los gerentes se adaptan a las culturas corporativas de estos tres sectores, traen ciertas características culturales que los diferencian entre sí. El objetivo de este trabajo es determinar si las diferencias culturales tienen una influencia en la adopción de la cultura que auspicia la empresa. Los resultados de esta investigación coinciden con los encontrados en la literatura sobre la importancia de las condiciones iniciales en las que se forma una joint venture para determinar que una cultura predomine sobre otra. Estas condiciones iniciales son: la ubicación, las instalaciones, el lenguaje utilizado en la firma, los horizontes de carrera. Este estudio muestra un elemento más que contribuye al predominio de una cultura sobre otra. Este depende de las vías que posea cada sector para transmitir su cultura corporativa, algunas son más efectivas que otras. Las menos efectivas son los talleres itinerantes, los boletines, los correos electrónicos mientras las más efectivas son los premios y sanciones que se dan en la organización.

  13. How do country risk and national cultural differences between partners affect the survival of international alliances in emerging countries? Longitudinal analysis of 165 international joint ventures in Brazil 1974 to 2005

    Directory of Open Access Journals (Sweden)

    Pierre-Xavier Meschi

    2007-06-01

    Full Text Available This article aims at identifying the individual and joint impact of two « country-level variables », namely national distance and country risk, on the survival of international joint ventures in emerging countries. Research hypotheses predicting the negative impact of national distance and country risk on survival are formulated in this article. These research hypotheses are tested in a sample of 165 international joint ventures that were formed in Brazil between 1974 and 2003. These joint ventures were subjected to an event history analysis over a period of time ranging from 1974 to 2005. The empirical results show that the intercultural dynamics increases the instability of international joint ventures whereas the survival of these alliances does not seem to be affected by the economic and political uncertainty of Brazil. Furthermore, the national distance between local and foreign partners has effects on survival that are variable according to the life cycle of international joint ventures.

  14. Propiedad y control en joint ventures internacionales: Un caso de estudio entre una multinacional española y una empresa estatal china

    Directory of Open Access Journals (Sweden)

    Antonia Mohedano-Suanes

    2012-01-01

    Full Text Available La literatura ha resaltado el papel de la participación en el capital de la joint venture internacional como mecanismo de control. Sin embargo, un socio no puede confiar exclusivamente en dicha participación para garantizar el éxito de su estrategia. Mediante el estudio de un caso, el presente trabajo pone de relieve que, aun en posesión de la mayoría del capital, un socio debe recurrir a otros mecanismos de control, entre los que tienen especial importancia las políticas de personal relativas a los puestos directivos de la joint venture internacional.

  15. Cross-cultural management capability of managers in joint ventures%合资企业管理者跨文化管理能力研究

    Institute of Scientific and Technical Information of China (English)

    孙宇

    2012-01-01

      通过中高层管理者团体焦点访谈、调查问卷及因子分析等方法确定了影响合资企业跨文化管理能力的因素。结果表明:合资企业管理者跨文化管理能力由管理行为、文化认知和心理因素三个维度构成,体现了管理者在事务管理、文化知识以及心理素质三个方面所需必备的能力。研究结果对合资企业跨文化管理能力提升具有指导意义。%  In view of problems of cross-cultural management capability of managers in joint ventures, influential factors for a joint venture’s cross-cultural management capability were identified through in-terviews with higher management, questionnaires and factor analysis. The result shows that managers’ cross-cultural management capability in joint ventures consists of management behaviors, cultural cogni-tion and psychological factors, which reflect necessary capabilities of managers in joint ventures in busi-ness management, cultural knowledge and psychological quality. The research result will guide managers in joint ventures to improve their cross-culture management capability.

  16. Look before You Leap: Underestimating Chinese Student History, Chinese University Setting and Chinese University Steering in Sino-British HE Joint Ventures?

    Science.gov (United States)

    Dow, Ewan G.

    2010-01-01

    This article makes the case--in three parts--that many Anglo-Chinese university collaborations (joint ventures) to date have seriously underestimated Chinese (student) history, the Chinese university setting and Chinese national governmental steering as part of the process of "glocalisation". Recent turbulence in this particular HE…

  17. Look before You Leap: Underestimating Chinese Student History, Chinese University Setting and Chinese University Steering in Sino-British HE Joint Ventures?

    Science.gov (United States)

    Dow, Ewan G.

    2010-01-01

    This article makes the case--in three parts--that many Anglo-Chinese university collaborations (joint ventures) to date have seriously underestimated Chinese (student) history, the Chinese university setting and Chinese national governmental steering as part of the process of "glocalisation". Recent turbulence in this particular HE…

  18. Look before You Leap: Underestimating Chinese Student History, Chinese University Setting and Chinese University Steering in Sino-British HE Joint Ventures?

    Science.gov (United States)

    Dow, Ewan G.

    2010-01-01

    This article makes the case--in three parts--that many Anglo-Chinese university collaborations (joint ventures) to date have seriously underestimated Chinese (student) history, the Chinese university setting and Chinese national governmental steering as part of the process of "glocalisation". Recent turbulence in this particular HE collaborative…

  19. The ownership structure in the joint ventures and cooperation between firms in the processes of opening the sector of oil exploration and production to foreign investment; A formacao de joint ventures e a cooperacao entre as firmas nos processos de abertura do setor de exploracao e producao aos investimentos privados

    Energy Technology Data Exchange (ETDEWEB)

    Repsold Junior, Hugo [PETROBRAS, Rio de Janeiro, RJ (Brazil); Carpio, Lucio Guido Tapia [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Coordenacao dos Programas de Pos-graduacao de Engenharia (COPPE). Programa de Planejamento Energetico

    2004-07-01

    Joint Ventures have been used as an important toll to improve the cooperation between firms and have gained a significant status since the recent opening of emerging countries economies to foreign investments. This work presents a study on the determinants of the Joint Ventures structure and an analysis of the cooperation process in the upstream of the petroleum industry. The subject of this study is a farm out process in which a firm sells part of its interest in a concession in order to form a Joint Venture. An analytical solution is presented to find the acceptable conditions for each firm and the negotiation process is also analyzed as a game in which decision makers try to rationally maximize the expected profit. (author)

  20. Adaptive Fusion of Information for Seeing into Ordos Basin, China: A China-Germany-US Joint Venture.

    Science.gov (United States)

    Yeh, T. C. J.; Yin, L.; Sauter, M.; Hu, R.; Ptak, T.; Hou, G. C.

    2014-12-01

    Adaptive fusion of information for seeing into geological basins is the theme of this joint venture. The objective of this venture is to initiate possible collaborations between scientists from China, Germany, and US to develop innovative technologies, which can be utilized to characterize geological and hydrological structures and processes as well as other natural resources in regional scale geological basins of hundreds of thousands of kilometers (i.e., the Ordos Basin, China). This adaptive fusion of information aims to assimilate active (manmade) and passive (natural) hydrologic and geophysical tomography surveys to enhance our ability of seeing into hydrogeological basins at the resolutions of our interests. The active hydrogeophysical tomography refers to recently developed hydraulic tomgoraphic surveys by Chinese and German scientists, as well as well-established geophysical tomography surveys (such as electrical resistivity tomography, cross-borehole radars, electrical magnetic surveys). These active hydrogeophysical tomgoraphic surveys have been proven to be useful high-resolution surveys for geological media of tens and hundreds of meters wide and deep. For basin-scale (i.e., tens and hundreds of kilometers) problems, their applicabilities are however rather limited. The passive hydrogeophysical tomography refers to unexplored technologies that exploit natural stimuli as energy sources for tomographic surveys, which include direct lightning strikes, groundwater level fluctuations due to earthquakes, river stage fluctuations, precipitation storms, barometric pressure variations, and long term climate changes. These natural stimuli are spatially varying, recurrent, and powerful, influencing geological media over great distances and depths (e.g., tens and hundreds of kilometers). Monitoring hydrological and geophysical responses of geological media to these stimuli at different locations is tantamount to collecting data of naturally occurring tomographic

  1. Acquisitions, Joint Ventures or Arm’s-Length Alliances? Analyzing the Determinants of the Choice of Growth Strategy in Brazil from 1996 through 2007

    Directory of Open Access Journals (Sweden)

    Eduardo Kazuo Kayo

    2010-10-01

    Full Text Available This paper analyses the determinants of the choice among different firm growth strategies: acquisitions, joint ventures or arm’s-length alliances. Several theoretical perspectives offer a background to understanding how firms make this choice. However, most empirical studies in this field have been derived from firms in developed countries. In contrast, we turn our attention to the analysis of the growth process of firms in a particular developing country, Brazil. The results mostly support the learning perspective of the firm’s choice. In general, a firm’s previous experience in a specific strategy (e.g.: joint ventures is significant to determine its future choice for the same strategy as a path to grow. Extending previous studies, we introduced some financial factors as explanatory variables but they showed no statistical significance.

  2. Ground nesting bird management on cropland dominated landscapes within the Prairie Pothole Region of North and South Dakota : A step down plan from the Prairie Pothole Joint Venture 2005

    Data.gov (United States)

    US Fish and Wildlife Service, Department of the Interior — The intention of this document is to serve as a step-down plan from the Prairie Pothole Joint Venture Implementation Plan to localize conservation strategies and...

  3. Aspectos estratégicos e relacionais das alianças do tipo joint-venture: o caso de dois fabricantes da indústria automobilística [doi: 10.5329/RECADM.2014012

    Directory of Open Access Journals (Sweden)

    Marina D’Agostini

    2014-08-01

    Full Text Available Este artigo tem como objetivo analisar a formação de joint-ventures de dois fabricantes da indústria automobilística, compreendendo aspectos estratégicos e relacionais destas alianças. A pesquisa caracterizou-se por ser um estudo de casos múltiplos, qualitativo e exploratório, onde foi possível realizar uma melhor compreensão das duas subsidiárias nacionais e suas respectivas joint-ventures localizadas nos Estados Unidos (EUA, Alemanha, México e Egito. A coleta dos dados foi feita por meio da observação participante e roteiro de entrevista semi-estruturado. Os dados foram analisados por meio da análise de conteúdo. Dentre os resultados, foi identificado como primordial para o sucesso da implementação deste tipo de aliança, a realização de um detalhado estudo de viabilidade que deve anteceder a formação da joint-venture, seguido de um alinhamento entre os interesses das sócias. As adaptações aos aspectos culturais aparecem como um ponto forte para a sobrevivência das joint-ventures. As informações obtidas neste estudo convergem com a teoria estudada e conduzem a novas oportunidades de pesquisas relacionadas ao tema.   Palavras-chave: Aliança estratégica. Joint-venture. Indústriaautomobilística.     STRATEGIC AND RELATIONAL ASPECTS OF JOINT-VENTURE ALLIANCES: THE CASE OF TWO MANUFACTURERS OF THE AUTOMOTIVE INDUSTRY   ABSTRACT This article aims to analyze the formation of joint ventures formed by two manufacturers from automobile industry, understanding strategic and relational aspects of these alliances. This research is characterized by a qualitative and exploratory multiple case study, where it was possible to conduct a comparison of two subsidiary and their joint ventures located in the United States (USA, Germany, Mexico, and Egypt. The data collection was done through participant observation and semi-structured interviews. The data were analyzed using content analysis technique. Among results, it was

  4. Management accounting control systems’ impact on joint venture performance: the positive role of managers’ experience

    Directory of Open Access Journals (Sweden)

    Marcela Porporato

    2016-04-01

    Full Text Available This study explores the impact of management planning and control systems’ use on 50/50 joint venture’s performance operating in the auto industry. It explores the effect of the use of these systems by organizations operating in turbulent environments through an analysis of the impact that managers’ experience has on the intensity and purpose of use of management planning and control systems. The study of this topic emerges as the results of previous exploratory field studies of JVs (Groot and Merchant 2000 and of JVs in the auto industry (Porporato 2013 where it is suggested that management planning and control systems’ do not have a central effect on JV performance. A survey of 35 international JVs with shared ownership (50/50 shows that organizational performance improves when the uncertainty of factors perceived as controllable by managers is reduced; a factor is perceived as controllable when the manager has a high level of past experience with it. Uncertainty as it is defined by Galbraith (1973 is reduced through an intensive use of management planning and control systems, which in turn positively affects organizational performance.

  5. 信任、治理策略与合资企业社会困境%Trust, Governance Strategies and Social Dilemma of Joint Ventures

    Institute of Scientific and Technical Information of China (English)

    薛晋洁; 史本山

    2016-01-01

    Although joint ventures have become a universally recognized organization form in business activities, it is reported that a considerable part of them dissolve far rapidly than assumed.For joint venture management, a primary challenge is how to settle the social dilemma.Social dilemma management capability directly affects joint ventures′effective operation.Social dilemma of joint ventures embodies the self-interest rational choice of joint venture partners lead to long-term failure of a joint venture. Therefore, it is important for researchers and practitioners to explore the influencing factors and governance strategies of social di-lemma in joint ventures and take advantages of these factors and governance strategies to improve mutual cooperation, decrease partner opportunism and settle social dilemma in Chinese society. Based on the social dilemma theory, transaction cost theory and relational exchange theory, the model of impact of trust on contract governance, relational governance and behavior of joint ventures is established.This paper employs data collected from 242 joint ventures and adopts structure equation model to examine effects of trust on two governance strategies, cooperation and partner opportunism.Meanwhile, trust is divided into two types-high and low level of trust-for investigating how trust as the moderator variable affects trust, two kinds of governance mechanism and joint venture partner′s behavior. The results of structural equation indicate that in a transactional environment of whether high or low level of trust, the influ-ence of trust on relational governance is higher than that of contract governance.Trust has a more positive effect on cooperation when trust is high than that of when trust is low.Similarly, relational governance increases cooperation more when trust is high than that of when trust is low.Unlike the previous results, the influence of contract governance on cooperation is significantly less when trust is high than

  6. Making sense of intercultural interaction processes in international joint venture settings

    DEFF Research Database (Denmark)

    Dao, Li

    the role of individuals and contextual elements as well as process elements which together characterize intercultural interaction. Considering this context, two research questions are set out to guide the research: 1) How do intercultural interaction processes unfold within a Danish-Vietnamese joint...... collection, to develop a pre-understanding framework that serves as a frame of reference for the subsequent field research. The major bodies of literature that the pre-understanding builds on refer to 1) the intercultural interaction stream of research with notable contributions from the negotiated culture...... perspective (Salk, 1997; Brannen, 1998; Brannen and Salk, 2000) and the sensemaking approach to intercultural management (e.g. Osland & Bird, 2000; Kuada & Sørensen, 2010); and 2) process-oriented alliance and IJV research (e.g. Doz 1996, Ring and Van de Ven 1994). The second part (Chapters 7 to 12...

  7. Empirical Study on the Relationship between Corporate Cultural Conflicts and Performance in Sino-Chinese Joint Ventures-Based on Data from Sino-Chinese Joint Ventures%中外合资企业企业文化冲突与绩效关系实证研究——基于中国合资企业的数据

    Institute of Scientific and Technical Information of China (English)

    田晖

    2011-01-01

    On the basis of defining corporate cultural conflicts, relational capital and joint venture performance, and their respective indexes as well, this paper first establishes a theoretical relation model of corporate cultural conflict, relational capital and joint venture performance, and then puts forward related hypotheses. Data were gathered to test these hypotheses empirically through a questionnaire survey among 278 managers in 43 selected Sino-foreign joint ventures in China. Then the structural equation model is used to test the reliability and validity of the data and the relationship between corporate cultural conflict , relational capital and joint venture performance , based on which the buffering effect of relational capital on the relationship between corporate cultural conflict and Sino-joint venture performance is further examined through quadratic regression analysis method. Empirical results show that corporate cultural conflicts negatively correlates to Sino-foreign joint venture performance while relational capital is positively related to the latter, and that relational capital can effectively mitigate the negative effect of corporate cultural conflicts on Sino-joint venture performance. These findings contribute to disclosing the dynamic relationship between corporate cultural conflicts and joint venture performance, thus providing useful inspiration for cross-cultural conflict management in Sino-foreign joint ventures.%在界定企业文化冲突、关系资本和合资企业绩效及其测度指标的基础上,建立中外合资企业企业文化冲突、关系资本和绩效之间关系的理论模型,并提出相关研究假设,然后,对43家中外合资企业中有经验的278名管理人员进行问卷调查,利用结构方程模型对数据进行信度和效度分析,并对中外合资企业企业文化冲突、关系资本与绩效之间的关系进行检验.在此基础上,利用二次回归分析法进一步考察关系资本对企业

  8. Agreement on African Venture

    Institute of Scientific and Technical Information of China (English)

    LAN XINZHEN

    2010-01-01

    @@ China's biggest aluminum producer Aluminum Corp.China Ltd.(Chalco) signed a binding agreement with the world's second largest mining company,Rio Tinto,on July 29 in Beijing.The agreement will establish a joint venture to develop and operate the Simandou iron ore project in Guinea,Africa.

  9. Direct claims of third parties on participants in an upstream joint venture. A few significant differences between the Netherlands, England and the USA; Directe aanspraken van derden op de deelnemers in een upstream joint venture. Enkele significante verschillen tussen Nederland, Engeland en de Verenigde Staten

    Energy Technology Data Exchange (ETDEWEB)

    Otterbeek, D.M.J.M. [Upstream International Commercial/NBD, Shell International, Den Haag (Netherlands); Joosten, J.J.H. [Hughes and Hubbard and Reed LLP, New York (United States)

    2011-08-15

    This article compares the civil liability of non operators in an upstream joint venture towards third parties in the Netherlands, England and the United States, based on either an agreement or on an unlawful action. A contemporary example of a situation in which this issue occurs is the Macondo/Deepwater Horizon incident. The conclusion is that the outlines of Dutch law and American law can lead to similar results, whereas English law deviates significantly. [Dutch] Dit artikel vergelijkt de civielrechtelijke aansprakelijkheid van non-operators in een upstream joint venture jegens derden in Nederland, Engeland en de Verenigde Staten op grond van hetzij een overeenkomst hetzij een onrechtmatige daad. Een actueel voorbeeld van een situatie waarin deze vraag zich voordoet is het Macondo/Deepwater Horizon incident. De conclusie luidt dat Nederlands recht en Amerikaans recht in grote lijnen tot vergelijkbare uitkomsten kunnen leiden, terwijl Engels recht daar significant van afwijkt.

  10. Franchising, holding, joint venture, pool. Anglicismos en diccionarios generales españoles e italianos. Contraste con el diccionario especializado inglés

    OpenAIRE

    Gilarranz, Mar

    2012-01-01

    El presente trabajo tiene como objetivo estudiar el grado de permeabilidad que tienen nuestras lenguas, español e italiano, ante la entrada de anglicismos. Para esto observamos cómo queda reflejada la situación en los registros lexicográficos de ambas lenguas. Centramos nuestra atención en el análisis de las definiciones de cuatro entradas: franchising / franquicia, holding, joint venture y pool. Los lemas elegidos se refieren a formas de asociación empresarial que han adquirido gran d...

  11. Universities Venture into Venture Capitalism.

    Science.gov (United States)

    Desruisseaux, Paul

    2000-01-01

    Reports that some universities are starting their own venture-capital funds to develop campus companies, or are investing endowment funds with established venture-capital firms inclined to finance potential spinoffs from campus research. Examples cited are from the University of Alabama, Vanderbilt University (Tennessee), University of…

  12. Papers of a Canadian Institute conference on successfully creating win-win Aboriginal-energy industry joint ventures : bridging cultural gaps, negotiating impact benefit agreements and securing long-term success

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2003-07-01

    This conference focused on creating and maintaining relationships and business partners with industry and Aboriginal communities. It covered topics such as financing joint ventures, perception of investors on Aboriginal projects, managing risks and potential ownership schemes for joint ventures. The conference also addressed the issue of the duty to consult Aboriginal peoples regarding any actions that affect their right, treaty right, or Aboriginal title. First Nation involvement is directed at local employment and economic participation around traditional lands. Trends indicate increased business involvement and opportunities for employment for First Nations. This paper describes the elements of a prosperous partnership. It was emphasized that the basis of a successful joint venture with a First Nation lies on achieving a good relationship while achieving a mutual goal. Three papers were indexed separately for inclusion in the database. refs., tabs., figs.

  13. Mudanças no Modelo de Negócio a partir da Ruptura de uma Joint Venture: Um Estudo de Caso

    Directory of Open Access Journals (Sweden)

    Jorge Luís Mattar

    2016-07-01

    Full Text Available This case study aimed to understand the changes that occurred in Nestea’s® business model dimensions in Brazil, from the perspective of Nestlé`s managers, that were triggered by the rupture of an existing joint venture between Nestlé® and Coca-Cola® in 2010. The case is examined in the light of the Canvas method and basic principles of Dynamic Capabilities. Although joint ventures are known to be unstable organizational forms, they are still widely used by large organizations for the objective of creating value and developing competitive advantage. The creation and appropriation of value is identified through the business model, a well-defined system of interdependent structures, activities and processes that serve to organize the firm’s logic. The adopted methodology is based on a qualitative approach; data were collected by interviewing Nestlé executives directly involved in the event. The identified processes cover the four main areas: offer, customers, infrastructure and finance and confirm that six out of the nine dimensions proposed in the Canvas method were impacted. The article also confirms the relevance of applying the organization’s dynamic capabilities to business modeling, since having only a good business model does not ensure competitive advantage, because it can easily be copied.

  14. 班轮联营企业系统自组织特性与演化机制%Self- organization Characteristics and Evolution Mechanism of Liner Joint Venture

    Institute of Scientific and Technical Information of China (English)

    陈继红

    2012-01-01

    With the globalization of container liner shipping and container ship maximization, liner enterprises are trending towards joint venture. It greatly enriches the approaches to research liner joint venture shipping by applying self-organization theory to researching container liner shipping joint system. By analyzing the self-organization characteristics of liner joint venture system, can author show that joint venture is a important mechanism to establish cooperation, development and sustainability for liner enter- prises;the synergistic degree acting in controlling parameters are revealed by the angle of system model- ing, and the paper discusses the liner joint venture system and internal evolution mechanism of joint man- agement mode.%伴随着集装箱班轮运输全球化和集装箱船舶大型化,班轮企业走向联营。将自组织理论引入到对集装箱班轮运输联营系统研究中,大大丰富了班轮企业联营运输的研究手段。通过班轮联营系统的自组织特征分析,说明联营模式是班轮企业构建合作发展及可持续经营的重要机制;从系统建模的角度揭示了在班轮联营系统演化过程中各联营企业的协同程度起到控制参量的作用,探讨了班轮联营系统和联营模式演化的内在机理。

  15. 合资铁路公司的社会责任研究%Social Responsibility of Joint-venture Railway Companies

    Institute of Scientific and Technical Information of China (English)

    朱丽丽

    2011-01-01

    本文通过总结我国合资铁路公司的社会责任履行情况,发现合资铁路公司的社会责任主要体现在建设发展责任、运输经营责任、安全生产责任、维护稳定责任、社会公益责任和环境保护责任这六大方面,而且各项责任相互关联,相互影响,共同服务于满足客货运输需求的核心目标.并指出合资铁路公司积极承担社会责任有助于树立良好的企业形象、提高声誉,为公司积累无形资产,有助于企业的可持续发展.%This paper summarizes the fulfillment status of the joint-venture railway companies’ social responsibility and finds that their social responsibility mainly reflect in the liability of construction and development, transportation management responsibility, responsibility for production safety,maintaining stability responsibility, social responsibility and environmental responsibility, and these responsibilities are interrelated and influence each other, and jointly serve the needs of passenger and freight transport.And this paper shows that it is helpful to establish a good corporate image, enhance the reputation, accumulate intangible assets and contribute to sustainable development of enterprises that the joint-venture railway companies actively fulfill the social responsibility.

  16. Corporate Venturing

    DEFF Research Database (Denmark)

    Vintergaard, Christian

    From the perspective of Austrian economics, this paper develops a conceptual understanding ofhow corporate venture managers recognize and discover opportunities in a network environment.In an effort to create a better understanding of who is involved in process, this paper reports onthe development...... path of an entrepreneurial opportunity of the Danish corporate venture capitalist,Danfoss A/S. This paper distinguishes itself from previous research done on entrepreneurialopportunities by creating a holistic and conceptual framework, which broadens and expands theperception of the market participants...... involved in recognition and discovery. Consequently thepaper offers insight to a diversified group of actors who mix and match technological and marketcapabilities in a constant process of recognition and discovery.Key words: Corporate venturing, entrepreneurship, discovery, networks, opportunities,recognition....

  17. Study on Mechanism of Foreign Technology Transfer Control in Sino-foreign Joint Venture Alliance%中外合资联盟内外方技术控制机理研究

    Institute of Scientific and Technical Information of China (English)

    徐礼伯; 陈效林

    2014-01-01

    From the alliance perspective,this paper takes the nature of sino-foreign joint venture as the entry point,aims at effectively using the Sino-foreign joint venture to promote the technical level and the core competitiveness of our enter-prises of the ultimate goal,analyzes systematically the mechanism of foreign technical transfer control research,and finds that adverse outcomes of joint ventures are often attributed to the facts that foreign enterprises manage to control the techni-cal transfer,such as controlling management,establishing alliance portfolio,absorbing Chinese shares or ceasing joint ven-ture relationship.%从联盟的角度,以中外合资的本质为切入点,围绕如何有效利用中外合资提升我国企业技术水平和核心竞争力的根本目标,对中外合资联盟内外方技术控制机理进行系统分析。研究发现合资企业的不良结局往往是外方企业有计划实施技术控制的结果,主要途径是掌控管理控制权、建立联盟组合、吸收中方股份或中止合资关系等。

  18. Culture conflicts’dimensions and factors of Sino-foreign joint venture enterprise%中外合资企业文化冲突维度与要素分析

    Institute of Scientific and Technical Information of China (English)

    孙宇

    2012-01-01

      In order to solve the problem of culture conflicts in Sino-foreign joint ventures, culture con-flicts in Sino-foreign joint ventures were studied through literature analysis, survey and interview, togeth-er with questionnaire and factor analysis. The result shows that the three dimensions of psychological factors, behavioral factors and system factors cover the main aspects of cultural conflict in joint ven-tures. Solutions for culture conflicts in joint ventures are proposed on the basis of the characteristics of culture conflicts in the three dimensions. This achievement provides reference for management practice of culture conflicts in Sino-culture joint ventures.%  为了解决中外合资企业文化冲突问题,采用文献分析、调查访谈、问卷以及因素分析的方法对中外合资企业文化冲突进行了分析。研究结果表明,心理因素、行为因素和制度因素三个维度涵盖了合资企业文化冲突的主要方面。根据三个维度文化冲突的特点,提出了合资企业文化冲突的解决方法,为中外合资企业文化冲突管理实践提供参考。

  19. Venture Cup

    OpenAIRE

    Hulshoff, Selma

    2013-01-01

    Abstract Venture Cup began as a small project with a financial purpose mixed with a societal goal. In 2000 when the project could not fulfil the financial goal of being a feeding structure of new client enterprises, it was passed on. This resulted in a structured organisation which has become a cultural change agent in the Danish field of Entrepreneurship. The life cycle process of a cultural change organisation and the influencing factors are the interest of this thesis. The stakeholders...

  20. Driver of Construction Joint Venture Mode for Participants Involving a Game in BT Project%BT项目联合体承包模式驱动机制分析

    Institute of Scientific and Technical Information of China (English)

    郭树锋; 唐冰松

    2015-01-01

    In this study,the contract and governing relationships among participants in BT project are described when the constructors decide to use joint venture mode for bidding a project. The administrative measures are discussed systematically based on this contract and governing relationships. Given the advantage of the joint venture formed by investor and constructor in BT project,the expected revenues for each participant and the total revenues for all participants are investigated in a frame of game theory. Then,the main factors affecting the revenues are analyzed. What have discussed above can provide abundant theoretical rules for the dilemma whether the bid should be used in a joint venture or not. The case study analyzes the origin of extra revenue brought by joint venture mode compared to other modes,which can prove what has proposed in this paper. Finally,the requirements for joining a venture in BT project are concluded. Additionally,an award and punishment system should be formulated and improved when joint venture needs to be supervised by project owner.%建立了BT项目承包单位采用联合体模式竞标施工时的合同与管理关系,系统梳理了该合同与管理关系的管理层次与路径。基于BT项目中投资商和承包商组成联合体后的有利优势,研究了在项目各方博弈下,联合体模式与非联合体模式相比各方预期收益的变化以及总收益的变化;分析了影响收益变化的主要因素。为BT项目各个承包单位是否采用联合体模式竞标施工提供了理论依据。案例分析了联合体区别于非联合体而获得额外收益的来源,表明联合体驱动因素在实际项目应用中的合理性。并给出了各竞标单位组成联合体的必要条件、存在的现实问题以及业主对联合体有效管理时需要完善的奖惩制度。

  1. 15 CFR 295.25 - Special rule for the valuation of transfers between separately-owned joint venture members.

    Science.gov (United States)

    2010-01-01

    ... the best customer price of the transferred goods and services, shall be deemed to be allowable costs... non-Federal share of the total cost of the joint research and development program. (c) Definition. The term “best customer price” shall mean the GSA schedule price, or if such price is unavailable, the...

  2. Fire and EMS Districts, This data is being developed as a joint venture between the City of Yuma, Yuma County and all other municipalities within Yuma County, Published in 2010, 1:2400 (1in=200ft) scale, City of Yuma Government.

    Data.gov (United States)

    NSGIC Local Govt | GIS Inventory — Fire and EMS Districts dataset current as of 2010. This data is being developed as a joint venture between the City of Yuma, Yuma County and all other municipalities...

  3. The selection of the American-Polish joint venture projects for the Krakow program and results of the efforts to date

    Energy Technology Data Exchange (ETDEWEB)

    Gyorke, D.F.; Butcher, T.A.

    1995-12-31

    To implement the Krakow Clean Fossil Fuels and Energy Efficiency Program, eight U.S. firms were selected by the U.S. Department of Energy to market their technologies to reduce pollution from low emission sources in Krakow. The eight U.S. firms were selected by a competitive solicitation that required the proposing firms to themselves provide funding to match or exceed the funding provided by the Program. These U.S. firms and their Polish partner companies have begun sales and cooperative work efforts in Krakow, and some have already made initial equipment installations with measurable performance improvements. Following their efforts as part of the Program, these U.S.-Polish joint ventures will market their technologies and achieve the associated environmental benefits elsewhere in Poland and Eastern and Central Europe. As part of the Krakow Program a spreadsheet model was developed to compare technological options for supplying heat to the city by calculation and comparing the heating costs and associated emissions reduction for each option. Comparison of options is made on the basis of the user cost-per-metric ton of equivalent emissions reduction. For all options considered in the Krakow Program, this cost parameter has ranged from -$1469 (best) to $2650 (worst). The costs for technologies associated with the eight projects in the Krakow Program are at the lower end of this range placing these technologies among the most cost effective solutions to the pollution problems from the low emission sources.

  4. The relationship between occupational stress, burnout, and turnover intention among managerial staff from a Sino-Japanese joint venture in Guangzhou, China.

    Science.gov (United States)

    Lin, Qiu-Hong; Jiang, Chao-Qiang; Lam, Tai Hing

    2013-01-01

    The aim of this study was to analyze the associations between occupational stress, burnout and turnover intention and explore their associated factors among managerial staff in Guangzhou, China. This cross-sectional study recruited 288 managerial employees from a Sino-Japanese joint venture automobile manufacturing enterprise in Guangzhou. The questionnaire included questions about sociodemographic characteristics, smoking, drinking and physical activity and the Chinese versio ns of the Occupational Stress Indicator (OSI), Maslach Burnout Inventory (MBI), Eysenck Personality Questionnaire (EPQ), Simplified Coping Style Questionnaire (SCSQ) and Social Support Rating Scale (SSRS). The response rate was 57.6%. Stepwise regression analysis was performed to examine the associations between burnout and occupational stress and turnover intention and related factors. The respondents had a high level burnout on the personal accomplishment subscale and had a high prevalence of turnover intention. Neuroticism, psychoticism, job satisfaction, occupational stress and social support were strong predictors of emotional exhaustion. Psychoticism, passive coping, occupational stress, objective support, utilization of support, male gender and job satisfaction were strong predictors of depersonalization. Active and passive coping and job satisfaction were strong predictors of personal accomplishment. Job dissatisfaction and emotional exhaustion were strong predictors of turnover intention. High occupational stress and low job satisfaction were associated with high burnout, particularly in the emotional exhaustion and depersonalization dimensions. Low job satisfaction and high emotional exhaustion were associated with high turnover intention among employees. Personality traits, social support and coping style were also found to be associated with burnout.

  5. MICROBIAL MATS - A JOINT VENTURE

    NARCIS (Netherlands)

    VANGEMERDEN, H

    1993-01-01

    Microbial mats characteristically are dominated by a few functional groups of microbes: cyanobacteria, colorless sulfur bacteria, purple sulfur bacteria, and sulfate-reducing bacteria. Their combined metabolic activities result in steep environmental microgradients, particularly of oxygen and sulfid

  6. Venture capital and internationalization

    NARCIS (Netherlands)

    Schertler, Andrea; Tykvova, Tereza

    2011-01-01

    Cross-border investments represent a substantial share of venture capital activities. We use a comprehensive dataset on investments worldwide to analyze the internationalization of venture capital financing. We postulate that cross-border activity is shaped by macroeconomic factors in the venture ca

  7. GOVERNMENT INTERVENTIONS IN THE VENTURE CAPITAL MARKET HOW JEREMIE AFFECTS THE HUNGARIAN VENTURE CAPITAL MARKET?

    Directory of Open Access Journals (Sweden)

    Fazekas Balazs

    2014-07-01

    Full Text Available JEREMIE (Joint European Resources for Micro to Medium Enterprises program was implemented as a part of the EU cohesion policy in the framework of 2007-2013 programming period. The primary objective of the program was to enhance the financing prospects of SME’s through structural funds that provide financial engineering instruments like loan, guarantee and venture capital. This paper focuses on the effects of JEREMIE on Hungary’s venture capital market. Since 2010, 28 JEREMIE backed venture capital funds were founded in four rounds and 130 billion HUF capital was allocated into these funds with the contribution of Hungarian government. A well-established venture capital market can boost entrepreneurship and innovation, therefore economic growth which is the foundation of government involvement. On the other hand, there is an extensive literature highlighting the limits and possible drawbacks of the active role of public sector in the venture capital market. There is a consensus in the literature that in the long run the extensive role of government in venture capital industry is counterproductive. Substituting market participants by government agencies will hardly result in a competitive and efficient market. However, temporarily as a catalyst public sector can contribute to the development of venture capital market. Direct government intervention supportable temporarily only in the infancy of the industry. The primary objective of every program must be to develop the market to the level where it becomes self-sustaining. This way the success of these programs must not be measured only by the amount of invested capital, financial performance of venture capital funds and venture capital backed companies. Raising private sector awareness and the progress of necessary institutions are also the criteria of a successful program. During the design and implementation of venture capital agendas these aspects must be taken into consideration. This

  8. An Empirical Study on the Entry Time’s Key Factors of Independent Joint Venture Brands%合资自主品牌导入时机关键因素的实证研究

    Institute of Scientific and Technical Information of China (English)

    周家杰; 李光金; 赵慧; 徐文兵

    2015-01-01

    The independent joint venture brand is the inevitable outcome of the development of Chinese auto industry. Its development model has been influenced by the political,economic,market environment,and the enterprise internal fac-tors. For the first time by using the structural equation model,this paper studies the China GDP,passenger car sales,car owners’number per thousand people,Engel coefficient and other factors which have influenced the entry time of the inde-pendent joint venture brand,then makes an empirical study on it. Through the model implementation and evaluation with AMOS statistical software,it studies the key factors of the independent joint venture brand’s development by researching the factor e which means the entry time of the independent joint venture brand model. And by improving the actual meaning of evaluation index and the variables,the model is modified and improved. The model has been verified in BRICs such as India and Russia which will be brought into play in developing countries and developed countries with large market potential to develop their own independent joint venture brands of automobile. It offers reference in research methods of entry mode and time. The theory model that is quantified has proved its maneuverability and duplicability.%合资自主品牌的进入是中国汽车工业发展的必然产物,其发展模式的出现受政治、经济、市场环境、企业内部等因素的影响。首次通过结构方程模型,将中国的GDP、乘用车销量、千人保有量、恩格尔系数等影响因素对中国合资自主品牌导入时机进行实证研究。通过引入合资自主品牌导入因子e建立合资自主品牌发展模式数理模型,并借助AMOS统计软件进行模型实现和评价,根据评价指标及各变量的实际内涵对模型进行修正和完善。构建模型在“金砖四国”的印度、俄罗斯等得到验证,希望为发展中国家或市场潜力大的发达国家促进

  9. Institutions and Venture Capital

    OpenAIRE

    Lerner, Josh; Tåg, Joacim

    2012-01-01

    We survey the literature on venture capital and institutions and present a case study comparing the development of the venture capital market in the US to Sweden. Our literature survey underscores that the legal environment, financial market development, the tax system, labor market regulations, and public spending on research and development correlates with venture capital activities across countries. Our case study suggests these institutional differences led to the later development of an ...

  10. Empirical Study on the Relationship between Cultural Conflicts and Performance in Sino-Chinese Joint Ventures——Based on Data from Sino-Chinese Joint Ventures%中外合资企业跨文化冲突与绩效关系实证研究——基于中国合资企业的数据

    Institute of Scientific and Technical Information of China (English)

    田晖; 陈晓红

    2009-01-01

    On the basis of defining cultural conflict and its category,joint venture performance and relational capital and their respective indexes as well.this paper first establishes a theoretical relation model of national cultural conflict,relational capital and joint venture performance,and then puts forward related hypothesis.In order to test these hypothesis empirically,data were gathered through a questionnaire survey among 279 managers in more than 40 selected Sino-foreign joint ventures in China.Then the reliability and validity of the data are analyzed through the Structural Equation Model and the hypotheses are tested by Quadratic regression analysis method.Quadratic regression results show that there is an inverted U-shaped relationship between conflicts along the dimensions of power distance,individualism/collectiVism and masculinity/femininity and Sino-foreign joint venture performance,that conflicts along the dimensions of uncertainty avoidance and long-term/short-term orientation negatively correlate with joint venture performance,and that relational capital can effectively reduce the negative effects of national cultural conflicts on performance.These findings contribute to disclosing the dynamic relationship between cultural conflicts and joint venture performance and provide useful inspiration for cross-cultural conflict management in Sino-foreign joint ventures.%在界定文化冲突及其类型、合资企业绩效和关系资本及其测度指标的基础上,建立国家文化冲突、合资企业绩效和关系资本之问关系的理论模型,并提出相关研究假设,然后,对40多家中外合资企业中有经验的278名管理人员进行问卷调查,利用结构方程模型,对数据进行信度和效度分析.在此基础上,利用二次回归分析法对研究假设进行了实证检验,数据结果表明,权力距离、集体主义/个人主义和男性度/女性度维度上的冲突水平与合资企业绩效呈倒"U"型关系;不确定

  11. Sharing the proceeds from a hierarchical venture

    DEFF Research Database (Denmark)

    Hougaard, Jens Leth; Moreno-Ternero, Juan D.; Tvede, Mich;

    2017-01-01

    We consider the problem of distributing the proceeds generated from a joint venture in which the participating agents are hierarchically organized. We introduce and characterize a family of allocation rules where revenue ‘bubbles up’ in the hierarchy. The family is flexible enough to accommodate...

  12. Study on Tariff management of Joint-venture Railway Companies in China%我国合资铁路公司运价管理体系的研究

    Institute of Scientific and Technical Information of China (English)

    刘星; 余耀

    2011-01-01

    针对现阶段铁路建设投资规模及路网覆盖情况,分析我国铁路运价存在的不足之处,研究在现有条件下,如何满足社会需求构建和谐铁路,以及保证合资公司的合理投资回报,提出我国合资铁路公司如何做好运价管理体系的建议。%With the deepening of the reform of railway investment and financing system, joint-venture has provided ways to accelerate railway construction and development and guarantees the establishment of harmonious railway. Based on the current railway investment

  13. 中国"三资"企业中的文化冲突与文化创新%Cultural Conflict and Innovation in Sino-Foreign Joint Ventures in China

    Institute of Scientific and Technical Information of China (English)

    陈国贲; 黎熙元; 陆何慧薇

    2005-01-01

    This study attempts to investigate how, in Sino-foreign joint ventures in China, Chinese managers and workers on the one hand and western managers on the other exp lain and resolve their cultural conflicts in terms of the incompatibilities and tensions between particularism and universalism, the two opposing Chinese and western values. It hy p othesizes that all p arties have to find ways to resolve conflicts in order to maintain employment and keep the business enterprise viable. We argue that both Chinese and western employees must have adjusted, more or less, their values and behavior, and that a new culture of cooperation has consequently emerged from hybridization of particularism and universalism in the course of mutual learning. This cultural innovation exemplifies that globalization in the domain of culture is a process of reciprocal learning by people from diverse cultures.

  14. PetroChina and BP Launch Retail Venture in Guangdong

    Institute of Scientific and Technical Information of China (English)

    2004-01-01

    @@ PetroChina and BP launched a gas station business joint venture in South China's Guangdong Province on November 18, marking a further move in BP's foray into China's booming oil fuel retail market. The joint venture will operate a retail network of 500 petrol stations in the province. Called "PetroChina-BP Petroleum Co Ltd" and registered in Jiangmen City of Guangdong Province, the venture is set up as a result of a memorandum of understanding reached with BP's acquisition of 20 percent of the listed shares from PetroChina's global initial public offering as the sole strategic investor in 2000.

  15. International New Venture Legitimation

    DEFF Research Database (Denmark)

    Turcan, Romeo V.

    2013-01-01

    There is limited theoretical understanding and empirical evidence for how international new ventures legitimate. Drawing from legitimation theory, this study fills in this gap by exploring how international new ventures legitimate and strive for survival in the face of critical events during...... the process of their emergence. It is a longitudinal, multiple-case study research that employs critical incident technique for data collection, analysis and interpretation. Following theory driven sampling, five international new ventures were selected that were operating in the software sector in the UK...

  16. How venture capital works.

    Science.gov (United States)

    Zider, B

    1998-01-01

    The popular mythology surrounding the U.S. venture-capital industry derives from a previous era. Venture capitalists who nurtured the computer industry in its infancy were legendary both for their risk taking and for their hands-on operating experience. But today things are different, and separating the myths from the realities is crucial to understanding this important piece of the U.S. economy. Today's venture capitalists are more like conservative bankers than the risk takers of days past. They have carved out a specialized niche in the capital markets, filling a void that other institutions cannot serve. They are the linch-pins in an efficient system for meeting the needs of institutional investors looking for high returns, of entrepreneurs seeking funding, and of investment bankers looking for companies to sell. Venture capitalists must earn a consistently superior return on investments in inherently risky businesses. The myth is that they do so by investing in good ideas and good plans. In reality, they invest in good industries--that is, industries that are more competitively forgiving than the market as a whole. And they structure their deals in a way that minimizes their risk and maximizes their returns. Although many entrepreneurs expect venture capitalists to provide them with sage guidance as well as capital, that expectation is unrealistic. Given a typical portfolio of ten companies and a 2,000-hour work year, a venture capital partner spends on average less than two hours per week on any given company. In addition to analyzing the current venture-capital system, the author offers practical advice to entrepreneurs thinking about venture funding.

  17. 大型石化工程合资联营项目业主IPMT组织架构设计%IPMT Organizational Structure Design for Large-scale Petrochemical Project of Joint Venture Company

    Institute of Scientific and Technical Information of China (English)

    冯凯梁

    2014-01-01

    In order to adapt to the trend of petrochemical joint venture company and rationally allocate the resources of technology and management,IPMT mode has been widely used in petrochemical joint venture project. The ways to deal with cooperative conflict of organizational structure design of company and staff management were established in terms of 9 rationals based on conflict theories. In order to give full cooperative advantage of the controlling range and personnel transition,to avoid the conflicting disadvantage of personnel control,cooperation and decision-making,a hybrid IPMT organizational structure which combine the type of linear and double different matrix .management system is established in terms of the research on the IPMT application of 3 kinds of commonly used organizational structure such as the type of linear,function and matrix.%为了适应石化企业相互存在性的递增趋势,合理分配技术与管理的资源优势,IPMT模式已广泛应用于大型石化工程合资联营项目。通过归纳整理基于合资合作冲突理论的9项冲突产生原因,提出企业管理与人员管理两方面组织架构设计的合理引导冲突方法。为了发挥管理范围及人员过渡等合作优势,克服管理决策及人员管控等冲突劣势,通过研究直线式、职能式、矩阵式等3种常用组织架构型式在IPMT模式的应用,设计一套直线式与大小双重矩阵式相结合的IPMT混合式组织架构及管理制度体系。

  18. Empirical Study of the Turnover Intention of Middle Managers in Sino-foreign Joint Ventures%合资企业中层管理者离职倾向的实证研究

    Institute of Scientific and Technical Information of China (English)

    金南顺; 陈璐宁

    2012-01-01

    过高的离职率会增加企业人力资源的配置成本,影响企业的稳定发展。以大连合资企业中层管理者为研究样本,在分析离职倾向产生机理的基础上,通过实证研究发现合资企业中层管理者在工作满意度、组织承诺均处于较高水平时依然表现出过高离职倾向。究其原因,中层管理者对家庭的重视程度不断提高,工作对家庭的影响可能导致离职倾向的产生;组织承诺虽然处于中等偏上水平,但是对企业的情感承诺较低依然可能导致离职倾向水平偏高;外界为中层管理者提供更多可供选择的机会。这些对合资企业人力资源管理提出了更高的要求。%High employee turnover rate will increase the costs of human resource allocation and harm enterprises' steadiness.Based on an analysis of the theoretical model of turnover intention,a case study of the middle managers in Sino-foreign joint ventures in Dalian shows that middle managers have high turnover intention although they achieve the average level of job satisfaction and organizational commitment.Reasons could be their increasing emphasis on the family,as the influence of job on family probably are the main cause of turnover intention;low affective commitment leads to high turnover intention even though the organizational commitment is above the middle level;more opportunities are offered from the outside.Therefore,higher level of human resource management is demanded in Sino-foreign joint ventures.

  19. Start-ups, Venture Capitalists and the Capital Gains Tax

    OpenAIRE

    Keuschnigg, Christian; Nielsen, Søren Bo

    2004-01-01

    A model of start-up finance with double moral hazard is proposed. Entrepreneurs have ideas but lack their own resources as well as commercial experience. Venture capitalists provide start-up finance and managerial support. Both types of agents thus jointly contribute to the firm's success, but neither type's effort is verifiable. We find that the market equilibrium is biased towards inefficiently low venture capital support. In this situation, the capital gains tax is particularly harmful. Th...

  20. Perspectivas teóricas contemporâneas nos estudos das organizações: apresentação de um modelo de análise da formação de joint ventures internacionais

    Directory of Open Access Journals (Sweden)

    Fernando Dias Lopes

    Full Text Available Este artigo apresenta um modelo de análise da formação de joint ventures internacionais. Seu objetivo é mostrar que diferentes dimensões do ambiente moldam a decisão de entrar (ou não numa parceria, a decisão sobre o parceiro, sobre a estrutura da parceria e a influência na dinâmica de evolução da parceria; fazendo-se necessário o emprego de um arcabouço multiteorético. O modelo teórico é composto de três abordagens, as quais, no conjunto, permitem uma melhor compreensão da natureza multifacetada desse fenômeno organizacional. As teorias que compõem o modelo são: a teoria institucional (aspectos socioculturais, a teoria dos custos de transação (aspectos econômicos e estratégicos e a teoria da dependência de recursos (aspectos políticos.

  1. Parent Control Distribution and IJV Performance: An Empirical Analysis on Sino-foreign Joint Ventures%中外合资企业控制权分配与绩效关系的实证研究

    Institute of Scientific and Technical Information of China (English)

    桑百川; 李自杰; 张泽龙

    2012-01-01

    Parent control is the core issue of international joint ventures (IJV) , for IJV contracts are always incomplete. Proper control structure helps parent firms of IJV achieve their strategic objectives and sustain competitive ad- vantages. Different from existing literature, this paper introduces the concept of split control and conducts an empirical test of the relationship between control distribution and firm performance based on the data of 106 Sino-foreign joint ven- tures. Our research finds that the best way for a Chinese parent firm of an IJV to achieve its strategic objective is to exercise parent control only over several specific operational activities.%合资企业契约的不完备性决定了控制问题是合资企业的核心问题,合理的控制权结构可以帮助合资企业的母公司实现自己的战略目标,并且保持竞争优势。与之前研究不同的是,本文通过引入分割控制的概念,利用106家中外合资企业的数据对控制权分配与绩效之间的关系进行了实证检验。研究发现,合资企业的中方只对某些经营活动进行控制的分割控制,最有利于合资企业的中方实现战略意图。

  2. Medical schools can cooperate: a new joint venture to provide medical education in the Northern Rivers region of New South Wales.

    Science.gov (United States)

    Page, Sue L; Birden, Hudson H; Hudson, J Nicky; Thistlethwaite, Jill E; Roberts, Chris; Wilson, Ian; Bushnell, John; Hogg, John; Freedman, S Ben; Yeomans, Neville

    2008-02-04

    The medical schools at the University of Western Sydney, University of Wollongong and University of Sydney have developed a joint program for training medical students through placements of up to 40 weeks on the New South Wales North Coast. The new partnership agency - the North Coast Medical Education Collaboration - builds on the experience of regional doctors and their academic partners. A steering committee has identified the availability and support requirements of local practitioners to provide training, and has undertaken a comparative mapping of learning objectives and assessments from the courses of the three universities. The goals of the program include preparing doctors who can perform effectively in rural settings and multidisciplinary health care teams, and to advance research in medical education.

  3. Yabancı Sermaye ve Türkiye'de Elektronik, Kimya ve Toprak Sektörlerinde Faaliyet Gösteren Yatırım Ortaklıklarının Performanslarının İncelenmesi = Study of the Foreign Capital and the Performance of the Joint Ventures That Operate in The Electronical, Chemical and Cement Sectors in Turkey

    Directory of Open Access Journals (Sweden)

    Erol EREN

    2003-01-01

    Full Text Available Firms have started to cooperate with other firms due to globalization and rapidly increasing competition. They can have quick access to the most recent technology and different markets by cooperating with other firms. Thus by increasing their cross-border operations, multinational companies prefer to establish joint ventures. Joint ventures are the forms of cooperation that is widely used by multinational firms. In Turkey, Foreign Capital Law (No : 6224 has been enacted on January, 18th, 1954. This law has been enacted to encourage foreign capital investments. Even though, it is quite liberal, the amount of foreign capital inflow is not at a desirable level. Therefore, it is necessary and very important to research the reasons for the inadequacy in foreign capital inflows to Turkey. In this paper, the performance of joint ventures in electronic, chemistry and cement sectors are studied. The joint ventures in which the foreign partner has an equity share of less than ninety percent are included in the scope of the study.

  4. Stable Study in Trust Mechanism of Research Joint Ventures of Small and Medium Sized Enterprise%中小企业研究联合体信任机制稳定性研究

    Institute of Scientific and Technical Information of China (English)

    马宗国

    2012-01-01

    作为一种有效的合作研发创新组织形式,尽管中小企业研究联合体具有很强的活力和创新潜力,但在实践中会由于多种原因致使其生命力不强、寿命较短或效率不高,不能发挥理论意义上强大的创新实力.中小企业研究联合体要想发挥竞争优势,必须构建稳定的信任机制.中小企业RJVs信任机制稳定性既取决于内部信任机制,又受外部信任机制的影响;内部信任机制是关键,外部信任机制是有力补充;二者相互作用,才能实现中小企业RJVs信任机制的稳定运行.%RJVs of SMEs, as an effective cooperation innovation organization form, has the very strong vitality and innovation potential. But It is short life or its efficiency is not high because of many reasons in practice, so it cannot develop theoretically powerful innovation strength. This paper analyzes the meaning, characteristics and advantages of the stability in trust mechanism of research joint ventures of the small and medium-sized enterprise, and discusses the internal and external factors. At last, the paper concludes with stable model study in trust mechanism. The stable trust mechanism of SMEs' RJVs is decided by the internal trust mechanism, also receives the exterior trust mechanism the influence. The internal trust mechanism is a key, and the exterior trust mechanism is the powerful supplement. The two interaction can realize the trust mechanism of SMEs' RJVs steady operation.

  5. The start-up phase of the national satellite forest monitoring systems for DRC and PNG: a joint venture between FAO and INPE

    Science.gov (United States)

    Jonckheere, I. G.; FAO UN-REDD Team Forestry Department

    2011-12-01

    Reducing Emissions from Deforestation and Forest Degradation (REDD) is an effort to create a financial value for the carbon stored in forests, offering incentives for developing countries to reduce emissions from forested lands and invest in low-carbon paths to sustainable development. "REDD+" goes beyond deforestation and forest degradation, and includes the role of conservation, sustainable management of forests and enhancement of forest carbon stocks. In the framework of getting countries ready for REDD+, the UN-REDD Programme, a partnership between UNEP, FAO and UNDP, assists developing countries to prepare and implement national REDD+ strategies. Designed collaboratively by a broad range of stakeholders, national UN-REDD Programmes are informed by the technical expertise of FAO, UNDP and UNEP. For the monitoring, reporting and verification, FAO supports the countries to develop satellite forest monitoring systems that allow for credible measurement, reporting and verification (MRV)of REDD+ activities. These are among the most critical elements for the successful implementation of any REDD+ mechanism, also following the COP 16 decisions in Cancun last year. The UN-REDD Programme through a joint effort of FAO and Brazil's National Space Agency, INPE, is supporting countries to develop cost-effective, robust and compatible national monitoring and MRV systems, providing tools, methodologies, training and knowledge sharing that help countries to strengthen their technical and institutional capacity for effective MRV systems. To develop strong nationally-owned forest monitoring systems, technical and institutional capacity building is key. The UN-REDD Programme, through FAO, has taken on intensive training together with INPE, and has provided technical help and assistance for in-country training and implementation for national satellite forest monitoring. The goal of the start-up phase for DRC and Papua New Guinea (PNG) in this capacity building effort is the

  6. Venture Capital and Innovation Strategies

    NARCIS (Netherlands)

    Da Rin, M.; Penas, M.F.

    2015-01-01

    Venture capital is a specialized form of financial intermediation that often provides funding for costly technological innovation. Venture capital firms need to exit portfolio companies within about five years from the investment to generate returns for institutional investors. This paper is the

  7. Venture Capital and Innovation Strategies

    NARCIS (Netherlands)

    Da Rin, M.; Penas, M.F.

    2015-01-01

    Venture capital is a specialized form of financial intermediation that often provides funding for costly technological innovation. Venture capital firms need to exit portfolio companies within about five years from the investment to generate returns for institutional investors. This paper is the fir

  8. Innovation and venture capital exits

    NARCIS (Netherlands)

    Schwienbacher, A.

    2008-01-01

    This article analyses how start-ups financed by venture capital choose their innovation strategy based on the investor's exit preferences and thereby form different outcomes in the product market. It considers innovation choices and venture capital exits (IPO vs trade sale) in a setting in which ent

  9. Study on Operating Mechanism of Research Joint Ventures under the Open Innovation Model%开放式创新下研究联合体运行机制研究

    Institute of Scientific and Technical Information of China (English)

    马宗国

    2013-01-01

    研究联合体作为企业合作研发的有效载体,可以提高企业创新效率,降低创新投资风险,促进我国企业自主创新能力的提升.开放式创新通过全球创新资源在创新主体间流动,可放大创新资源的价值,实现创新活动的不断深化.因此,开放式创新成为研究联合体合作研发的必然选择.然而,研究联合体的成功率并不高,运行机制的低效是制约其快速发展的瓶颈.基于此,构建了开放式创新下的研究联合体运行机制框架,并对运行机制包含的8个方面进行了深入系统的分析.研究发现,只有各机制相互联系、相互作用,才能实现研究联合体运行机制的稳定,并发挥研究联合体的竞争优势.%Research Joint Ventures (RJVs) is an effective way among the enterprises' R&D, which can raise the innovation efficiency, reduce the innovation investment risk, and promote indigenous innovation of our country enterprise. Open innovation can enlarge the innovation resource value, and realize the innovation activity of the deepening through the global innovation resources flow between the main innovation. Therefore, open innovation has become the inevitable choice for RJVs to enhance the innovation ability and the competitive ability. However, the success rate of research RJVs is not high because operation mechanism is the bottleneck of restricting its rapid development. Based on this, this paper constructs the operation mechanism of the framework under the open innovation, including eight respects of the operation mechanism. The study found that the only cross-linkages, interaction, to achieve the stability of the operating mechanism of the research RJVs, and play a competitive advantage of research consortia.

  10. International Joint Venture Termination: An Empirical Investigation

    DEFF Research Database (Denmark)

    Nielsen, Ulrik B.; Rasmussen, Erik Stavnsager; Siersbæk, Nikolaj

    for the article stems from data from the project portfolio of a Danish Investment Fund for Developing Countries with a total of 773 investments. A number of hypotheses are established from the literature review and tested related to the empirical data. The result indicates that the most important factor...

  11. NASA/University Joint Venture (JOVE) Program

    Science.gov (United States)

    Magee-Sauer, Karen P.

    1999-01-01

    Hale-Bopp observations at the NASA IRTF concluded in September 1997. For the post Hale-Bopp period, telescope time was awarded to study comet Giacobini-Zinner in October 1998 at the NASA IRTF. A total of 6 nights were awarded to our team to study the comet where 2 of those 6 nights were awarded to Magee-Sauer as the principal investigator. Other observing trips were awarded to study YSOs (October 1998) and Mars (spring 1999) were Magee-Sauer was a co-investigator. An observing run from July 4 -7 1999 included study of Mars and YSOS. Our group has started to use the NIRSPEC instrument on the Keck II telescope. In collaboration with the development team from UCLA, we obtained images of comet Lee in August 1999. Telescope proposals are submitted each semester for targeted comet observations when a comet is bright enough to observe.

  12. Women Workers’ Rights in Joint Ventures

    Institute of Scientific and Technical Information of China (English)

    1997-01-01

    IN 1984 the State Council granted 14 coastal areas privileged economic policies. As a result, the Tianjin Economic Development Area (TEDA) has risen from an area of mere saline-alkali soil to a modern iudustrial block dotted with high-rise buildings. Covering an area of 30 square Kilometers TEDA has proven itself top among China’s economic development

  13. Analysis of influential factors for job burnout among managers in a joint venture in Guangzhou, China%某合资企业管理员工作倦怠影响因素分析

    Institute of Scientific and Technical Information of China (English)

    林秋红; 江朝强; 刘移民; 郭静宜; 林大庆

    2013-01-01

    目的 探讨广州市某中日合资汽车制造厂管理员工作倦怠及其影响因素.方法 对288名某中日合资汽车制造业管理员,采用职业紧张指标测量工具(OSI)、工作倦怠量表(MBI)、艾森克个性问卷(EPQ)、简易应对方式问卷(SCSQ)和社会支持问卷(SRRS)进行测试.结果 男性管理员人格解体得分(6.96±5.81)高于女性(4.63±4.48),差异有统计学意义(P<0.01).不同职业应激水平管理员情绪衰竭、人格解体得分的差异均有统计学意义(P<0.01).路径分析结果显示,职业应激因素、神经质、精神质对管理员的情绪衰竭具有负面的直接影响,工作满意感、对支持的利用度对管理员的情绪衰竭具有正面的直接影响(决定系数为0.366,P<0.01).职业应激因素、精神质、消极应对维度对管理员的人格解体具有负面的直接影响,工作满意感、客观支持、对支持的利用度对管理员的人格解体具有正面直接影响(决定系数为0.351,P<0.01).工作满意感、积极应对维度对管理员的个人成就感具有正面的直接影响,消极应对维度对管理员的个人成就感具有负面的直接影响(决定系数为0.153,P<0.01).人格特征通过应对方式间接影响社会支持继而影响管理员的工作满意感和工作倦怠.结论 男性具有较高的人格解体倾向,高职业应激水平是工作倦怠的危险因素,人格特征、社会支持和应对方式对工作倦怠存在影响.%Objective To investigate the influential factors for job burnout among the managerial staff in a Sino-Japanese joint venture automobile manufacturer in Guangzhou,China.Methods A total of 288 managers in a Sino-Japanese joint venture automobile manufacturer were surveyed using the Occupational Stress Indicator,Maslach Burnout Inventory (MBI),Eysenck Personality Questionnaire,Simplified Coping Style Questionnaire,and Social Support Rating Scale.Results On the depersonalization dimension

  14. Curricular Guidelines for Neuroanatomy.

    Science.gov (United States)

    Journal of Dental Education, 1981

    1981-01-01

    Presented are the curricular guidelines for Neuroanatomy developed by the Section on Anatomical Sciences of the American Association of Dental Schools for use by individual educational institutions as curriculum development aids. Included are recommendations for primary educational goals, prerequisites, scope, content, behavioral objectives,…

  15. “公司僵局”的救济与预防--以成品油销售企业长期股权投资项目为例%Remedies for and Prevention of “Corporate Deadlock”-A study on the joint-venture project of an oil products sales company

    Institute of Scientific and Technical Information of China (English)

    王生

    2015-01-01

    The paper analyses the forms and harms of legal risks in joint-venture projects as well as remedies. By a look into the definition of “corporate deadlock” and the theory of judicial intervention in corporate governance, the paper recommends, on the basis of practical experience, appropriate control measures from such aspects as ownership structure, corporate charter, joint-venture contract, traces management and prevention of malicious litigation.%分析了长期股权投资项目法律风险的表现形式、危害和救济措施,结合“公司僵局”的含义和司法介入公司治理的相关理论,立足实际,从股权结构、公司章程、合资合同、痕迹管理、防止恶意诉讼等多个方面提出了有针对性的防控建议。

  16. A lunar venture

    Science.gov (United States)

    Lee, Joo Ahn; Trinh, Lu X.

    1989-01-01

    As the Earth's space station is in its final stages of design, the dream of a permanent manned space facility is now a reality. Despite this monumental achievement, however, man's quest to extend human habitation further out into space is far from being realized. The next logical step in space exploration must be the construction of a permanent lunar base. This lunar infrastucture can, in turn, be used as a staging ground for further exploration of the remote regions of the solar system. As outlined by the National Aeronautics and Space Administration, the lunar base program consists of three exploratory and implementation phases. In response to the technological and facility requirements of Phase 1 and 2 of this program, the Aerospace Vehicle Design Program of the University of Virgina (UVA) is proud to present a preliminary design for such a lunar infrastructure. This study is a comprehensive evaluation of the mission requirements as well as the design criteria for space vehicles and facilities. The UVA Lunar Venture is a dual system that consists of a lunar space station and a fleet of lunar landers/transporters. With such a design, it is demonstrated that all initial exploratory and construction requirements for the lunar base can be efficiently satisfied. Additionally, the need for such a dual system is justified both from a logistic and economic standpoint.

  17. CAPITAL STRUCTURE AND VENTURE CAPITAL

    Directory of Open Access Journals (Sweden)

    Becsky-Nagy Patricia

    2015-07-01

    Full Text Available Venture capital significantly changes the capital structure of the portfolio company at the time of the investment. Venture capitalists contribute to the company’s success through their active involvement in the management and their added value appears in the increase of the value of the equity. At the same time with taking active role in the management, agency problem occurs, that complicates the cooperation and the success of exit. In this article we search the answer for the question whether the preferred equity, that are commonly used in the US for bridging the agency problem, are used and able to help Hungarian venture capitalists to manage agency problems. On the other hand we examined how the venture capital affect capital structure, how the venture capitalists value added appear in the capital structure. During the evaluation of the three case studies, we came to the conclusion, that the venture capital investments have positive effect on the liabilities of the enterprises, as the capital structure indexes show. However, the investors need the ownership, which help them to step up resolutely, when things change for the worse, and companies need the expertise, which the investors bring with their personal assistance. The investor’s new attitude also has positive effect on a mature company, which has an experienced leader, because he can show another aspect, as a person who come from outside. During the examination of the capital structure, we cannot disregard the events of the company’s environment, which have effects on the firm. The investor’s decisions also appear different ways. Because of this, every venture capital investment is different, just as the capital structure of the firms, in which they invest.

  18. Taxes and Venture Capital Support

    DEFF Research Database (Denmark)

    Keuschnigg, Christian; Nielsen, Søren Bo

    2003-01-01

    -set may paradoxically contribute to higher quality of venturecapital finance and welfare. Subsidies to physical investment in VC-backed startupsare detrimental in our framework.Keywords: Venture capital, capital gains taxation, double moral hazard.JEL-Classification: D82, G24, H24, H25......'s success, but is not verifiable. Asa result, the market equilibrium is biased towards inefficiently low venture capitalsupport. The capital gains tax becomes especially harmful, as it further impairsadvice and causes a first-order welfare loss. Once the capital gains tax is in place,limitations on loss off...

  19. Study on the Correlative Factors of Occupational Burnout of Workers in a Sino-foreign Joint Venture Factory%某中外合资制造厂工人职业倦怠影响因素研究

    Institute of Scientific and Technical Information of China (English)

    倪蕾; 胡慧; 孟仙; 梁修云; 严雁翎; 夏烈; 王礼桂

    2012-01-01

    ObjectiveTo explore the influencing factors on job burnout. Methods To explore the influencing factors on job burnout. Methods A sample of 638 workers in a sino-foreign joint venture factory took part in the survey. The content of questionnaire involved general state, occupational noise exposure status, Maslach Burnout Inventory-General Survey ( MBI-GS) , Social Science Research Solutions (SSRS) , Simplified Coping Style Questionnaire (SCTQ) , General Self-Efficacy Scale (GSES). Results (1) Gender,marital status,educational attainment,job category and noise level in working environment had influence on all the subscales of job burnout ( P < 0. 05 ). (2) There was a significant( P < 0. 05 ) negative correlation between self-efficacy, positive coping style,social support with job burnout,while there was a significant(P <0. 05) positive correlation between negative coping style and job burnout. (3) Multiple linear regression showed that;the subjective social support,negative coping style,positive coping style,objective social support,working at the production line,high educational level had significant influence on emotional exhaustion ( P < 0. 05 ). The utilization of social support, negative coping style, positive coping style, objective social support had significant influence on job burnt. Self-efficacy, positive coping style,subject social support, negative coping style had significant influence on professional efficacy (P < 0. 05). Conclusions Gender,marital status,educational level,job category,noise level of working environment are important factors influencing job burnout. Improving self-efficacy, establishing positive coping style, increasing social support are crucial to alleviate job burnout.%目的 探讨影响工人职业倦怠的相关因素.方法 对某中外合资制造厂所有635名工人进行问卷调查,调查内容包括:社会人口学资料、个人噪声暴露史;职业倦怠通用量表;社会支持评定量表;简易应对方式量

  20. Exit strategies for social venture entrepreneurs

    NARCIS (Netherlands)

    Nuer, A.T.K.

    2015-01-01

    Key Words:  Social Venture Entrepreneurs, Exit, Ownership Social Venture Entrepreneurs invest in local and mostly bottom of pyramid (BoPs), and more so in developing economies. Different understanding  and meanings given to the term  exit and ownership, by social venture entrepreneurs

  1. Exit strategies for social venture entrepreneurs

    NARCIS (Netherlands)

    Nuer, A.T.K.

    2015-01-01

    Key Words:  Social Venture Entrepreneurs, Exit, Ownership Social Venture Entrepreneurs invest in local and mostly bottom of pyramid (BoPs), and more so in developing economies. Different understanding  and meanings given to the term  exit and ownership, by social venture entrepreneurs

  2. Enhancing selective capacity through venture bases

    DEFF Research Database (Denmark)

    Vintergaard, Christian; Husted, Kenneth

    2003-01-01

    , the few successful investments carry the costs of many moreinvestment decisions. It would obviously be attractive to improve the ability to `pick thewinners'. In this paper, we develop a conceptual framework for understanding how firms`involvement in establishing and nurturing the venture base (the idea......Corporate venturing managers have the rule of thumb that only approximately one out often investments really pay of in financial measures. These low odds for success, of course,put extremely high expectations to the profit yielded from the few investments that becomesuccessful. In other words...... creation phase)enhances their ability to select ventures.Keywords: Corporate venturing, venture base, selection, network....

  3. New venture creation as emerging interdependencies

    DEFF Research Database (Denmark)

    van Oorschot, Robin; Gottlieb, Frederik

    2015-01-01

    What is ‘it’ which actually takes place in the process of the creation of a new venture? Traditional research would focus on the creation of ‘the product’ or the venture. In this paper, we focus on the creation of ‘new meaning’ and emerging interdependencies between people in the process of new...... venture creation. Taking on an auto- ethnographic approach we co-construct, describe and analyse two narratives which on different levels, explore the notion of interdependency emerging in the process of creating a new venture. In our narrative approach we channel our new venture creation research...

  4. LGBTQ Experiences in Curricular Contexts

    Science.gov (United States)

    Linley, Jodi L.; Nguyen, David J.

    2015-01-01

    This chapter examines curricula as important microsystems for LGBTQ college students. The authors explore sociocultural influences on curricula and discuss strategies for creating positive curricular experiences for LGBTQ students.

  5. Venture financing of start-ups: A model of contract between VC fund and entrepreneur

    Directory of Open Access Journals (Sweden)

    Osintsev Yury

    2010-01-01

    Full Text Available Venture capital has become one of the main sources of innovation in the modern, global economy. It is not just a substitute for bank loans: it has proven to be a more efficient way of financing projects at different stages. On one hand, venture financing allows for projects with higher risk, which leads to the possibility of higher returns on investment. On the other hand, venture investors who usually have managerial experience often participate in governing the business, which certainly adds value to the enterprise. In this paper we establish the model of contract between the venture capital fund and the entrepreneur, focusing on probably the most important issue of this contract: the shares of the parties in the business. The shares in the company determine the distribution of the joint surplus. The expected joint profits are not just exogenously specified in the contract but are dependent on the behavioral variables of both parties at the stage of fulfilling the contract. We call the behavioral variable of the entrepreneur ‘effort’ and the one of the venture fund ‘advice’. The probability of the project’s success, and hence the expected joint revenues, are increased by these two. However, both kinds of effort are costly to the respective parties that have made them. Based on this fact we can elaborate the profit functions of both sides of the contract. Our model can be considered as a basis for specifying contracts concerning venture financing. It can provide the logic for how the equilibrium shares of entrepreneur and venture fund are obtained.

  6. External legitimation in international new ventures

    DEFF Research Database (Denmark)

    Turcan, Romeo V.

    2012-01-01

    This paper explores within the framework of new venture legitimation how and why international new ventures acquire external legitimacy and strive for survival in the face of critical events. Following a longitudinal multiple-case study methodology that was adopted for the purpose of theory...... threshold, and on the valuation of the venture are discussed and respective propositions are put forward to guide future research....

  7. Venture Capital Contracting Under Asymmetric Information

    OpenAIRE

    Jeffrey Trester

    1993-01-01

    The author develops a model of venture capital contracting in which the entrepreneur and venture capitalist contract under symmetric information. A condition of asymmetric information may arise subsequent to the first contract. The author shows that this condition makes debt contracts infeasible and leads to the use of preferred equity contracts. The author notes that discussions of the relation between venture capital and capital structure are rare. This paper expands the literature by addre...

  8. Adding value to corporate ventures through governance

    DEFF Research Database (Denmark)

    Skat-Rørdam, Peter

    2005-01-01

    than the control mechanisms widely explored in connection with the governance of large public corporations. The paper provides examples of how value can be added as well as perspectives on the challenges and effectivenes here-off as evaluated by venture CEO's and venture board members......This working paper examines the governance of corporate ventures based upon a qualitative interview based case study of a European industrial conglomerate. The purpose is to explore the value adding mechanisms of governance, that are considered more critical to the success of corporate ventures...

  9. Incentive Contracts for Venture Capital Syndication

    Institute of Scientific and Technical Information of China (English)

    ZHANG Xin-li; YANG De-li

    2007-01-01

    Aiming at the incentive problems of venture capital syndication at the second and later stages, an game model is set up by principal agent and incentive theory, given that the lead venture capitalist has already some knowledge of the project quality from his initial funding of the project. Under symmetric and asymmetric information, the model analyzes how the optimal syndication contracts induce venture capitalists to truthfully reveal their information to each other, and vary with the level of venture capitalists' expertise and information in evaluating projects.

  10. Adding value to corporate ventures through governance

    DEFF Research Database (Denmark)

    Skat-Rørdam, Peter

    2005-01-01

    This working paper examines the governance of corporate ventures based upon a qualitative interview based case study of a European industrial conglomerate. The purpose is to explore the value adding mechanisms of governance, that are considered more critical to the success of corporate ventures...... than the control mechanisms widely explored in connection with the governance of large public corporations. The paper provides examples of how value can be added as well as perspectives on the challenges and effectivenes here-off as evaluated by venture CEO's and venture board members...

  11. TÜRK DÖKÜM SANAYİ FİRMALARI VE YABANCI PARTNERLERİ ARASINDAKİ ORTAK GİRİŞİM NEDENLERİ: KAYNAK BAĞIMLILIĞI TEORİSİ VE RAKİP GÖRÜŞLER ÇERÇEVESİNDE BİR DEĞERLENDİRME-MOTIVES FOR JOINT VENTURES BETWEEN TURKISH CASTING INDUSTRY FIRMS AND THEIR FOREIGN PARTNERS

    Directory of Open Access Journals (Sweden)

    Ceren G. ARTUNER

    2012-01-01

    Full Text Available Döküm sanayinde yabancı firmalarla yerli firmalar arasında ortak girişim yoluyla oluşturulan yeni yapılar içerisinde faaliyetine devam eden üç firma nezdinde gerçekleştirilen durum çalışması aracılığıyla söz konusu ortak girişim olgularına yol açtığı düşünülen temel motivasyonların belirlenmesi amaçlanmış ve Kaynak Bağımlılığı Teorisi’nin Türk Döküm Sanayi’nde yabancı ortaklarla yerli firmalar arasında gerçekleşen ortak girişim olgularını tek başına açıklayıcı gücü sorgulanmıştır.Yürütülen araştırma neticesinde, Kaynak Bağımlılığı Teorisi’nin açıklayıcı gücünün söz konusu ortak girişim olgularını tek başına açıklamakta yetersiz kaldığı, oluşturulan dört teorik çatı arasında açıklayıcı gücü en yüksek yaklaşımın Firma Teorisi olduğu ve Firma Teorisi’nin de Türk Döküm Sanayi’nde örneklemimiz dahilinde ele aldığımız ortak girişim olgularını diğer üç teorik çatının yardımıyla açıkladığı tespit edilmiştir.-Through the medium of case studies covering three casting firms which pursue their operations after being involved in newly established structures by joint ventures between foreign and national companies, it is aimed to reveal the underlying motivations considered as responsible for the joint venture phenomena. Accordingly, the explanatory power of the Resource Dependence Theory in explaining joint venture phenomena with foreign partners as a single theory in Turkish Casting Industry has been tested.As a result of the undertaken research, we have concluded that the explanatory power of the Resource Dependence Theory wasn’t strong enough to explain by itself the joint venture phenomena in question and that the propositions of the Firm Theory have found the strongest support among these four theoretical frames. However, it was stated that the Firm Theory explains the joint venture phenomena within our sample

  12. Venture Capital Financing, Moral Hazard and Learning

    NARCIS (Netherlands)

    Bergemann, D.; Hege, U.

    1997-01-01

    We consider the provision of venture capital in a dynamic agency model. The value of the venture project is initially uncertain and more information arrives by developing the project. The allocation of the funds and the learning process are subject to moral hazard. The optimal contract is a time-var

  13. A Survey of Venture Capital Research

    NARCIS (Netherlands)

    Da Rin, M.; Hellmann, T.; Puri, M.L.

    2011-01-01

    This survey reviews the growing body of academic work on venture capital. It lays out the major data sources used. It examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment services and exits. The survey considers recent work on or

  14. Venture Capital Initiative: Ohio's School Improvement Effort.

    Science.gov (United States)

    Yoo, Soonhwa; Loadman, William E.

    In 1994 the Ohio State Legislature established Venture Capital to support school restructuring. The Venture Capital school initiative is a concept borrowed from the business community in which the corporate entity provides risk capital to parts of the organization to stimulate creative ideas and to provide opportunities for local entities to try…

  15. provider venture capital funds: investing in innovation.

    Science.gov (United States)

    Potter, Mary Jo; Wesslund, Rick

    2016-05-01

    As health systems continue to embrace disruptive innovation, they are increasingly likely to consider making a move into venture capital. Working in venture capital can benefit a health system in several ways, including: Allowing it to operate outside of bureaucracy and align projects with its core values. Encouraging innovation within the organization. Enabling it to respond quickly to changes in the market.

  16. Venture capitalism at the Veterans Administration.

    Science.gov (United States)

    Andries, G H

    1986-01-01

    This article outlines the implementation of a venture capitalism program in a 519-bed Veterans Administration tertiary care medical center. Venture capitalism at the VA West Side Medical Center in Chicago, Illinois is realized through a pool of capital within the budget, for the trial implementation of various ideas and programs that demonstrate a potential to reduce costs or increase revenues. Through this adaptation of venture capitalism, the principles of entrepreneurship can be applied. Employees submit a proposal to management that describes what they wish to accomplish. The proposal includes the time schedule required for implementation and how much capital will be needed to make the proposal operational. If the proposal is successful and becomes self-sufficient, the original venture capital is returned to the pool and used for other ventures. If the proposal does not meet expectations, support is withdrawn and the remaining capital is returned to the venture capital pool. In conclusion, several successful ventures are described to demonstrate the practicality of using the concepts of entrepreneurship and venture capitalism within the budget constraints of the federal government.

  17. Venture Capitalists in Systems of Innovation

    DEFF Research Database (Denmark)

    Munk, Kasper B.; Vintergaard, Christian

    In contemporary literature on venture capital financial infrastructures are identified as major contributors toa large proportion of today's innovations. Yet quite contradictory the literature on systems of innovation,hardly ever treat venture capitalists as a coherent actor in neither national nor...

  18. Strategies for Creating New Venture Legitimacy

    Science.gov (United States)

    Karlsson, Tomas; Middleton, Karen Williams

    2015-01-01

    New ventures, being heavily subjected to liabilities of newness, are seen to engage in legitimacy strategies to overcome these liabilities. Building on an adapted theoretical framework of organizational legitimacy, self-reported weekly diaries of twelve entrepreneurs were analysed to identify strategies used by new ventures to create legitimacy.…

  19. Venture Capital Investment in the Life Sciences in Switzerland

    National Research Council Canada - National Science Library

    Hosang, Markus

    2014-01-01

    .... Venture capital financing and venture capitalists (frequently called 'VCs') and investors in public equities have played and still play a pivotal role in financing the Swiss biotechnology industry...

  20. Justicia curricular: significados e implicaciones

    OpenAIRE

    Gabriela de la Cruz Flores

    2016-01-01

    En este artículo, analizamos el concepto de justicia curricular y sus diversas implicaciones para el campo de la educación, en general, y para los centros educativos y la práctica pedagógica, en particular. El concepto de justicia curricular cobra peso en las sociedades democráticas contemporáneas porque la vida escolar representa un microsistema de la ciudadanía y los valores que rigen las estructuras socioculturales en las cuales se desenvuelven los individuos; al mismo tiempo, la dinámica ...

  1. Analysis of Intercultural Conflicts in Human Resources Management and the Countermeasures——Based on the Cases in Sino-US Joint Ventures%跨文化人力资源管理冲突探源及解决对策——基于中美合资企业案例

    Institute of Scientific and Technical Information of China (English)

    贾勤; 杜慧

    2012-01-01

    On the basis of Hofstede's theory of culture dimensions and Toomey's Face theory,this paper makes a cause analysis of three cases of the intercultural conflicts in human resource management,involving the aspects of personnel selection,performance evaluation and salary welfare.Then some management countermeasures for the intercultural conflicts are suggested in order to promote the intercultural communication among the staff of Sino-US joint ventures.%运用霍夫斯泰德国家文化维度模型理论和Toomey面子协商理论,通过案例分析,对中美合资企业人力资源管理中表现在人才选拔、绩效考核和薪酬福利等三个方面的跨文化冲突进行原因分析,并在此基础上提出了解决冲突的对策。

  2. Mapping to Curricular and Institutional Goals

    Science.gov (United States)

    Oaks, D'Arcy J.

    2015-01-01

    This chapter will discuss how institutional research professionals might integrate co-curricular learning outcomes into larger measures of institutional effectiveness. By mapping co-curricular learning outcomes to align with curricular and institutional goals, linkages can be made that demonstrate mission-congruent activities and outcomes across…

  3. 我国外商直接投资企业技术外溢效应的实证研究——基于合资、合作、独资模式的比较分析%The Empirical Analysis on the FDI Technology Spillovers——Based on the Joint Venture, Cooperation, Sole Pattern Comparative Analysis

    Institute of Scientific and Technical Information of China (English)

    林玲; 余娟娟

    2012-01-01

      Considering the foreign capital admittance model on FDI technology spillover effect, using the segmentation method of inspection from overall level testing China's FDI in three different stages of technological spillover effect sizes from FDI structure level test and comparison of three kinds of foreign investment access mode (Sino-foreign cooperation, Sino-foreign joint ventures, foreign-owned) FDI technology spillover effect size. The results showed that: different foreign entry mode, FDI technology spillover efficiency differences exist, including Sino-foreign joint maximum, followed by foreign-owned, finally is Sino-foreign cooperation. China's current foreign trader "owned" trend is not in favor of FDI technology spillover effect of foreign policy should play, in the light of its general trend, draw on the advantages and avoid disadvantages.%  考虑到外资准入模式对FDI技术外溢效应的影响,利用分段检验的方法从总量层面检验了我国FDI在三个不同发展阶段上技术外溢效应的大小从FDI结构层面检验并比较了三种外资准入模式下(中外合作、中外合资、外商独资)FDI技术外溢效应的大小。结果显示:不同的外资准入模式下,FDI的技术溢出效率存在差异,其中中外合资最大,其次是外商独资,最后是中外合作。我国当前外商“独资化”趋势不利于FDI技术溢出效应的发挥,外资政策应因势利导、趋利避害。

  4. Venture Investment Incentive Mechanisms and Simulation with Venture Entrepreneurs Having Multistage Efforts Based on Fairness Preference Theory

    Directory of Open Access Journals (Sweden)

    Kaihong Wang

    2016-01-01

    Full Text Available When venture capital has been invested into venture companies, venture capitalists and venture entrepreneurs form a principal-agent relationship. Take into account the fact that the venture entrepreneur’s effort is a long process, because the effort is not the same at different stage. Therefore, efforts variables are seen as the multistage dynamic variable, and venture investment principal-agent model with venture entrepreneurs having multistage efforts is constructed on the basis of the classic principal-agent theory in the paper. Further, in the later stage effort of venture entrepreneurs is affected by the size of prestage benefit with venture capitalists and venture entrepreneurs; thus the fairness preference model is improved, and venture investment principal-agent model with venture entrepreneurs having multistage efforts is constructed on the basis of fairness preference theory. Both theoretical derivation and simulation have demonstrated that, under the condition of information asymmetry, if the fairness preference of venture entrepreneurs holds, then (1 venture capitalists provide venture entrepreneurs with level higher than that without fairness preference, (2 in every single stage venture entrepreneurs make efforts higher than those without fairness preference, and (3 in two periods both venture investors and venture entrepreneurs gain total real gains higher than those in two periods without fair preference.

  5. Curricular Models for Culturally Disadvantaged

    Science.gov (United States)

    King, Clement T.

    1976-01-01

    Two psychological theories which seem to have had a great impact on compensatory education programs are Skinnerian reinforcement theory and the cognitive developmental theory derived in part from Jean Piaget. The Englemann-Becker program is a typical example of the Programmed Curricular kind of program; the Florida Project, an Open Framework; and…

  6. Justicia curricular: significados e implicaciones

    Directory of Open Access Journals (Sweden)

    Gabriela de la Cruz Flores

    2016-01-01

    Full Text Available En este artículo, analizamos el concepto de justicia curricular y sus diversas implicaciones para el campo de la educación, en general, y para los centros educativos y la práctica pedagógica, en particular. El concepto de justicia curricular cobra peso en las sociedades democráticas contemporáneas porque la vida escolar representa un microsistema de la ciudadanía y los valores que rigen las estructuras socioculturales en las cuales se desenvuelven los individuos; al mismo tiempo, la dinámica escolar realimenta, reconfigura y transforma los espacios externos al ámbito educativo, como la familia, el campo laboral y la comunidad en su conjunto. Justicia curricular evoca no sólo al derecho a aprender, sino a que dichos aprendizajes sean valiosos para la gestión de la autonomía y la participación activa en las esferas públicas y privadas de la sociedad contemporánea. Concluimos que el concepto de justicia curricular orientado a la promoción de aprendizajes significativos y valiosos es una vía potente para reestructurar los centros educativos y la vida al interior de las aulas.

  7. Malaysian group looks to invest in China petchems venture

    Energy Technology Data Exchange (ETDEWEB)

    Alperowicz, N.

    1992-11-25

    The Kuok Group, owned by Malaysian tycoon Robert Kuok, has emerged as the latest potential investor in a petrochemicals joint venture in China. The group, which has assets including the Shangri-La chain of hotels and several urea formaldehyde plants in Malaysia and Singapore, has signed a memorandum of understanding with the local authorities of Beihai, Guangxi province to study a $3-billion refinery and petrochemicals complex. Beihai, in coastal southwestern China, is near the Vietnam border. The project, understood to be in the preliminary scoping phase, would include a 100,000-bbl/day refinery and a world-scale 450,000-m.t./year cracker that would feed a 450,000-m.t./year polyethylene unit. To make the operation competitive, the group is considering building an ethylene cracker and looking for a cheap source of natural gas. It is understood that an undisclosed Western company has joined forces in the joint venture, which is not one of the 14 petrochemicals complexes currently planned in China. Kuok, who has good contacts in China and has just agreed to develop a commercial complex in Shanghai's Zhabei district, has been approached by the Beihai authorities. Beihai, an economic development zone, would like its own refinery. The closest one is in Maoming. A decision is expected by the end of then year.

  8. Taxation and venture capital-backed entrepreneurship

    DEFF Research Database (Denmark)

    Keuschnigg, Christian; Nielsen, Søren Bo

    2003-01-01

    In recent years, venture capital has increasingly become a factor in thefinancing of new firms. We examine how the value of mature firms determinesthe incentives of entrepreneurs to start up new firms and of venture capitaliststo finance and advise them. We examine how capital gains taxes as well...... assubsidies to start-up costs of new firms affect venture capital-backedentrepreneurship. We also argue that dividend and capital gains taxes onmature firms have important consequences for start-up firms as well.JEL Classification: D82, G24, H24 and H25Keywords: double moral hazard, entrepreneurship, taxes...

  9. Raising venture capital in the biopharma industry.

    Science.gov (United States)

    Leytes, Lev J

    2002-11-15

    Raising venture capital (VC) is both an art and a science. Future entrepreneurs should carefully consider the various issues of VC financing that have a strong impact on the success of their business. In addition to attracting the best venture capital firms, these issues include such subtle but important points as the timing of financing (especially of the first round), external support sources, desirable qualities of a VC firm, amount to be raised, establishing a productive interface between the founders and the venture capitalists, and most importantly the effects of well-executed VC funding on hiring senior executives and scientific leaders.

  10. Curricular Design, a shared responsibility.

    Directory of Open Access Journals (Sweden)

    María Clara Tovar

    2011-11-01

    Full Text Available Normal 0 21 false false false ES-CO X-NONE X-NONE Introducción: El diseño o rediseño curricular de un programa académico incluye las fases de fundamentación, definición de ejes problemáticos y estructuración. El estudio pretende fomentar la reflexión sobre la práctica y la investigación en el campo curricular y fortalecer las políticas institucionales relacionadas con el diseño curricular de los programas académicos, en procura de mejorar la pertinencia y la calidad del currículo.Objetivo: Describir las prácticas del diseño curricular en los programas académicos de pregrado de la Facultad de Salud de la Universidad del Valle.Metodología: Se realizó un estudio cualitativo con el enfoque de fenomenología hermenéutica, el cual permite describir e interpretar lo que vivencian los actores sobre el diseño curricular en un momento histórico determinado. Se realizaron entrevistas a profundidad a grupos focales conformados por los miembros de los comités de currículo de los ocho programas académicos de pregrado de la Facultad de Salud de la Universidad del Valle.Resultados: Cada programa académico en su diseño curricular tiene en cuenta aspectos como el marco normativo, el contexto internacional, nacional y local; algunos programas tienen nexos con las diferentes asociaciones de los programas académicos, lo cual contribuye a enriquecer el currículo. De otra parte, la participación docente en el diseño curricular es permanente, mientras que la participación de egresados y empleadores es fluctuante.Conclusiones: La formación disciplinar es fundamental para el desempeño del docente universitario, sin embargo, para hacer más integral su labor se hace necesario que comprenda y se involucre más activa y conscientemente en la fase del diseño curricular. En los procesos formativos de los docentes se debe fortalecer lo relacionado con el diseño curricular de los programas académicos, en procura de mejorar, con su

  11. Instant Internationalization of Emerging Economy New Ventures

    DEFF Research Database (Denmark)

    Turcan, Romeo V.

    2012-01-01

    Being positioned and the intersection of international entrepreneurship and institutional theory, this study explores the process of instant internationalization of new ventures from emerging economies. It adopts a single-case study methodology, purposefully selecting an information-rich case where...... context of an emerging industry. Yet another set of contributions concerns the legitimation process of internationalization of a new venture from an emerging economy. A number of propositions are put forward to guide future research....

  12. VentureStar(tm) Payload Processing Concept

    Science.gov (United States)

    Sharp, Susan

    1998-01-01

    The philosophy and the operations concept of the VentureStar(tm) payload processing system is presented. The goal of VentureStar(tm) operations is to provide low cost access to space. This is to be achieved through the design of the vehicle, and operability of the ground system. Specifically, this is to be accomplished through rapid turnaround cycles, increased launch rate, high system reliability and availability and reduced required operations personnel. This is presented in viewgraph format.

  13. Innovation and venture capital exit performance

    OpenAIRE

    Nadeau, Pierre

    2011-01-01

    Venture capital is a potent source of R&D financing which contributes significantly to technological innovation output in the form of patented inventions. Scholars have argued that tighter protection of intellectual property rights reduces expropriation risks and encourages venture capitalists to invest in technology firms. Prior studies have showed that early stage technology investors give much weight to investment selection criteria related to innovation e.g. protection of intellectual pro...

  14. Enfoque curricular centrado en la persona

    OpenAIRE

    Luis Manuel Jiménez Castro

    2008-01-01

    A curricular approach structures, visualizes, and organizes the educational process. However in spite of their importance, the Costa Rican educational system does not identify some clear characteristics of a curricular approach, by means of which the educator can locate the student type they should form. This article pretends to systematize and to contribute by means of a bibliographical review of a curricular approach centered in the person, an alternative that allows the formation of people...

  15. A New Venture Analysis Method and Its Application

    Institute of Scientific and Technical Information of China (English)

    WANG Wen-jie(王文杰); Ronald K. Mitchell; TANG Bing-yong(汤兵勇)

    2003-01-01

    The new venture analysis is the foundation of venture development. In this paper, 14 venture prototypes are proposed based on the attributes of venture.Then, a new venture analysis method is discussed by the way of matching the new venture with the corresponding prototype. Considering the fuzziness of human subjective grading, the L-R fuzzy numbers are used to express the variables and corresponding fuzzy algorithm are applied in analysis. At the end, an application example is applied to indicate the effectiveness of the method.

  16. International New Venture Legitimation: An Exploratory Study

    Directory of Open Access Journals (Sweden)

    Romeo V. Turcan

    2013-11-01

    Full Text Available There is limited theoretical understanding and empirical evidence for how international new ventures legitimate. Drawing from legitimation theory, this study fills in this gap by exploring how international new ventures legitimate and strive for survival in the face of critical events during the process of their emergence. It is a longitudinal, multiple-case study research that employs critical incident technique for data collection, analysis, and interpretation. Following theory driven sampling, five international new ventures were selected that were operating in the software sector in the UK, and had internationalized and struggled for survival during the dotcom era. Grounded in data, this study corroborates a number of legitimation strategies yielded by prior research and refutes others. It further contributes to our understanding of international new venture legitimation by suggesting new types of legitimation strategies: technology, operating, and anchoring. Studying international new ventures through theoretical lenses of legitimation is a promising area of research that would contribute to the advancement of international entrepreneurship theory.

  17. curricular innovation in the university

    Directory of Open Access Journals (Sweden)

    María Mercedes Callejas Restrepo

    2013-07-01

    Full Text Available The 21st century sets out new challenges to universities and university professors,who have to debate on the quality of education, the requirements on the teaching and learning, and the proposed curricula for the professional and disciplinary training in the university. In this context, research groups from four Colombian universities have developed a project in order to articulate therelationshipswithin the training of university professors, through the research of their practices and processes of curricular innovation. With such a goal the conformation of pedagogical collectives is promoted, and a reflective process about their pedagogical styles is generated (Callejas&,Corredor, 2002. Action research as a methodology and strategy of professional evelopment is proposed (McKernan, 1999, observation-reflection, planning-action, and then back to observation-reflection.Video recordings of classes, individual and group observation of the recordings, and individual and group interviews that favor reflection processes about the dimensions of the pedagogical style are performed. The analysis of the practice is guided by a complex, investigative and comprehensive vision of the curriculum that articulates theory and practice. The critical recognition that teachers do about their own pedagogical style favors the evolution of their ideas and guides them to start a process of curricular innovation.

  18. Venture Capital Industry Index Portfolio Analysis

    Directory of Open Access Journals (Sweden)

    Dagang Yang

    2013-05-01

    Full Text Available This paper using index analysis method, knowledge of venture capital as well as index funds investment ideas, successively set up the Markowitz model and the single index model of index investing. Markowitz model for the calculation of the risk of workload is too big and single-index model although accuracy is slightly lower, but can certainly be very well used in practice. Therefore, We use index invest to invest in Shanghai 10 index securities with the single-index model , and apply lingo software to figure out the venture capital portfolio which have different yields.

  19. SIBS-Philips joint lab in pipeline

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    @@ The CAS Shanghai Institutes for Biological Sciences (SIBS) and the Royal Philips Electronics Ltd. announced on August 29, 2007 the establishment of a joint laboratory to conduct advanced research into molecular medicine. A memorandum of understanding has been signed for the joint venture.

  20. The Dynamic Model of Allocation Control in Venture Capital

    Institute of Scientific and Technical Information of China (English)

    TIAN Zeng-rui

    2008-01-01

    The allocation of control and stock in venture capital is the key point of the venture capital project. This paper develops a dynamic model of control and stock and profoundly analyses how to allocate the control between the entrepreneur and the venture capitalist. The model reveals the relationship of control and stock's structure, the time and the degree of imparting the control to the entrepreneur or the venture capitalist, the condition of retracting the control and compensation accordingly.

  1. A Review of the Social Benefits of Joint Farming Ventures

    OpenAIRE

    Áine Macken Walsh

    2010-01-01

    This paper will review some of the main benefits arising from farmers’ working together, whether through Farm Partnerships or Share Farming arrangements. First, some of the general social benefits are overviewed, and then brief case-studies are presented of the specific benefits that have been experienced by farmers working together in the UK and Norway.

  2. Alberta High School, College Elevate Learning with Rare Joint Venture

    Science.gov (United States)

    Pearson, George

    2012-01-01

    The refusal by a group of parents in Olds, Alberta, in 2003 to accept a provincial grant to renovate their high school set in motion a remarkable collaboration that spawned an innovative learning campus for an entire community and beyond. The new Olds High School, which opened in 2010, is part of a new Community Learning Campus (CLC), a joint…

  3. MicroRNAs meet calcium: joint venture in ER proteostasis.

    Science.gov (United States)

    Finger, Fabian; Hoppe, Thorsten

    2014-11-04

    The endoplasmic reticulum (ER) is a cellular compartment that has a key function in protein translation and folding. Maintaining its integrity is of fundamental importance for organism's physiology and viability. The dynamic regulation of intraluminal ER Ca(2+) concentration directly influences the activity of ER-resident chaperones and stress response pathways that balance protein load and folding capacity. We review the emerging evidence that microRNAs play important roles in adjusting these processes to frequently changing intracellular and environmental conditions to modify ER Ca(2+) handling and storage and maintain ER homeostasis.

  4. A NASA/University Joint Venture in Space Science (JOVE)

    Science.gov (United States)

    Vaughn, Danny M.

    1997-01-01

    Several papers have been given to national level meeting and a paper has been published in an international journal. Several additional papers have been co-author by students. The initial research project on the Atchafalaya Delta seems to have died in part due to a transfer of the NASA colleague to another location and subsequent reassigment to another job title. I have continued to include credit to NASA for many of my papers presented and published: A major debris flow along the Wasatch front in Northern Ogden; Spatial and volumetric changes in the Atchafalaya delta, Louisiana; An analysis of prehistoric Greenstone artifact in northern Alabama; An assessment of surfacing algorithm; Analysis of georeferencing algorithms to assess spatial accuracy.

  5. U.S./CIS eye joint nuclear rocket venture

    Science.gov (United States)

    Clark, John S.; Mcilwain, Melvin C.; Smetanikov, Vladimir; D'Yakov, Evgenij K.; Pavshuk, Vladimir A.

    1993-01-01

    An account is given of the significance for U.S. spacecraft development of a nuclear thermal rocket (NTR) reactor concept that has been developed in the (formerly Soviet) Commonwealth of Independent States (CIS). The CIS NTR reactor employs a hydrogen-cooled zirconium hydride moderator and ternary carbide fuels; the comparatively cool operating temperatures associated with this design promise overall robustness.

  6. NASA/University Joint Venture in Space Science (JOVE)

    Science.gov (United States)

    Gottesman, Stephen T.

    1997-01-01

    This system has an immense complex of optical knots that extend several galactic diameters to the north and south of the main optical object. These are star forming regions, some of which are the size of small irregular galaxies. It has a nearby companion called the 'seashell' owing to its disturbed appearance. The data had been reduced and images formed; a figure is attached. The high resolution observations show that the atomic hydrogen (HI) encompasses not only the N-S complex of optical knots but it forms an incomplete ring or tail that extends approximately 3 arcmins to the west. The seashell was not detected, and the HI associated with NGC 5291 itself shows a very large velocity range. The formation mechanism for this disturbed and distorted complex is unclear. X-ray emission suggesting ram sweeping is also observed. This author favors an explanation involving an interaction between the two components, NGC 5291 and the seashell. We are witnessing the formation of tidal tails and bridges between the galaxies and the associated ejecta. Ram sweeping occurs as the system moves bodily through the medium of the cluster of galaxies, Abell 3574, to which NGC 5291 et al. belong. There are numerous concentrations of HI, mostly along the N-S star forming complexes which generally coincide with the optical knots; the larger features contain several x109 solar mass, again the magnitude of a small irregular galaxy. Each knot was compared to a set of criteria designed to test if the feature was stable against its own internal kinetic energy, and stable against the tidal forces of the host galaxy. At least one of the objects (Knot B) appears to be a bound system suggesting that it is a genuinely young dwarf irregular galaxy that has evolved from the material associated with his interacting complex. We conclude that we are witnessing the early evolution of young galaxies and that NGC 5291 and the seashell are a nursery.

  7. [A NASA / University Joint Venture in Space Science

    Science.gov (United States)

    Wold, Donald C.

    1996-01-01

    MILAGRO is a water-Cherenkov detector for observing cosmic gamma rays over a broad energy range of 100 GeV to 100 TeV. MILAGRO will be the first detector that has sensitivity overlapping both air-Cherenkov and air-shower detectors. With this detector scientists in the collaboration will study previously observed celestial sources at their known emission energies, extend these observations into a new energy regime, and search for new sources at unexplored energies. The diffuse gamma-radiation component in our galaxy, which originates from interactions of cosmic rays with interstellar gas and photons, provides important information about the density, distribution, and spectrum of the cosmic rays that pervade the interstellar medium. Events in the Compton Gamma Ray Observatory (GRO) are being observed up to about 30 GeV, differing by slightly more than order of magnitude from the low energy threshold of MILAGRO. By looking in coincidence at sources, correlated observations will greatly extend the astrophysics potential of MILAGRO and NASA's GRO. A survey of cosmic-ray observatories is being prepared for scientists and others to provide a resource and reference which describes high energy cosmic-ray research activities around the world. This summary presents information about each research group, such as names of principal investigators, number of persons in the collaboration, energy range, sensitivity, angular resolution, and surface area of detector. Similarly, a survey of gamma-ray telescopes is being prepared to provide a resource and reference which describes gamma-ray telescopes for investigating galactic diffuse gamma-ray flux currently observed in the GeV energy range, but is expected to extend into the TeV range. Two undergraduate students are compiling information about gamma-ray telescopes and high energy cosmic-ray observatories for these surveys. Funding for this project was provided by the Arkansas Space Grant Consortium. Also enclosed Appendix A, B, C, D and E.

  8. The first Spacelab payload - A joint NASA/ESA venture

    Science.gov (United States)

    Kennedy, R.; Pace, R.; Collet, J.; Sanfourche, J. P.

    1977-01-01

    Planning for the 1980 qualification flight of Spacelab, which will involve a long module and one pallet, is discussed. The mission will employ two payload specialists, one sponsored by NASA and the other by ESA. Management of the Spacelab mission functions, including definition and execution of the on-board experiments, development of the experimental hardware and training of the payload specialists, is considered; studies proposed in the areas of atmospheric physics, space plasma physics, solar physics, earth observations, astronomy, astrophysics, life sciences and material sciences are reviewed. Analyses of the Spacelab environment and the Spacelab-to-orbiter and Spacelab-to-experiment interactions are also planned.

  9. Successful joint ventures of plants: arbuscular mycorrhiza and beyond.

    Science.gov (United States)

    Ercolin, Flavia; Reinhardt, Didier

    2011-07-01

    Among the oldest symbiotic associations of plants are arbuscular mycorrhiza (AM) with fungi of the phylum Glomeromycota. Although many of the symbiotic signaling components have been identified on the side of the plant, AM fungi have long evaded genetic analysis owing to their strict biotrophy and their exceptional genetics. Recently, the identification of the fungal symbiosis signal (Myc factor) and of a corresponding Myc factor receptor, and new insights into AM fungal genetics, have opened new avenues to address early communication and functional aspects of AM symbiosis. These advances will pave the way for breeding programs towards adapted AM fungi for crop production, and will shed light on the ecology and evolution of this remarkably successful symbiosis. Copyright © 2011. Published by Elsevier Ltd.

  10. Joint Ventures in Cuba: Opportunities for Direct Foreign Investment.

    Science.gov (United States)

    Tancer, Robert S.

    1995-01-01

    Presents a brief history of direct foreign investment in Cuba since 1982. This investment currently plays an important role in Cuba as a replacement to Soviet aid and as a means to earn foreign exchange. Tourism and mining are the preferred area for foreign investment because both of these sectors offer hard currency returns for Cuba. (20…

  11. U.S./CIS eye joint nuclear rocket venture

    Science.gov (United States)

    Clark, John S.; McIlwain, Melvin C.; Smetanikov, Vladimir; D'Yakov, Evgenij K.; Pavshuk, Vladimir A.

    1993-07-01

    An account is given of the significance for U.S. spacecraft development of a nuclear thermal rocket (NTR) reactor concept that has been developed in the (formerly Soviet) Commonwealth of Independent States (CIS). The CIS NTR reactor employs a hydrogen-cooled zirconium hydride moderator and ternary carbide fuels; the comparatively cool operating temperatures associated with this design promise overall robustness.

  12. Alberta High School, College Elevate Learning with Rare Joint Venture

    Science.gov (United States)

    Pearson, George

    2012-01-01

    The refusal by a group of parents in Olds, Alberta, in 2003 to accept a provincial grant to renovate their high school set in motion a remarkable collaboration that spawned an innovative learning campus for an entire community and beyond. The new Olds High School, which opened in 2010, is part of a new Community Learning Campus (CLC), a joint…

  13. Joint Ventures. The Industry-Labor-Education Connection.

    Science.gov (United States)

    Florida State Council on Vocational Education, Tallahassee.

    The purpose of this paper is to examine substate linkages between business, labor, and vocational education in Florida. Information for the paper was gathered by reviewing the activities of the Regional Coordinating Councils for Vocational, Adult and Community Education, the Private Industry Councils, the regional consortia, and organized labor.…

  14. Community Colleges and Higher Education: A Joint Venture.

    Science.gov (United States)

    Chambers, Sharon M.; Weeks, Sandy R.; Chaloupka, Larry J.

    2003-01-01

    Describes the teacher preparation program at Colin County Community College District (CCCCD), Texas, the first community college program in the nation authorized to prepare teachers. Also reports that Texas A&M University-Commerce has joined with CCCCD to provide a bridge between the community college program and graduate degrees at the…

  15. Capitalizing on joint ventures to economize in nursing.

    Science.gov (United States)

    Pressler, Jana L; Kenner, Carole A

    2010-01-01

    Many new nursing leaders assuming deanships, assistant, or interim deanships have limited education, experience, or background to prepare them for the job. To assist new deans and those aspiring to be deans, the authors of this department offer survival tips based on their personal experiences and insights. They address common issues, challenges, and opportunities that face academic executive teams, such as negotiating an executive contract, obtaining faculty lines, building effective work teams, managing difficult employees, and creating nimble organizational structure to respond to changing consumer, healthcare delivery, and community needs. The authors welcome counterpoint discussions with readers.

  16. Technical Status of the Dish/Stirling Joint Venture Program

    Science.gov (United States)

    1995-01-01

    heliostats as the heat input source. Through another NREL program; Thermacore has designed built, and tested a prototype hybrid heat pipe receiver...These subsystems include the solar concentrator, heat pipe receiver, engine/alternator, power conditioning, and automatic controls. 14. SUBJECT...include the solar concentrator, heat pipe receiver, engine/altemator, power conditioning, and automatic controls. INTRODUCTION Initiated in 1991; the

  17. Joint Venture Modes of Water Conservancy and Hydroelectric Engineering

    OpenAIRE

    Zhiding Chen; Zhudi Sheng

    2013-01-01

    With the long construction period, the giant scope and complex technology, water conservancy and hydroelectric engineering construction has large investment. In the fully competitive water conservancy and hydropower project construction contracting market, it is almost impossible for a company to contract with a water conservancy and hydropower project independently. Therefore, water conservancy and hydropower project construction can be contracted by several construction companie...

  18. Organisational Learning in International Joint Ventures: Implications for Management Development.

    Science.gov (United States)

    Berrell, Mike; Gloet, Marianne; Wright, Phil

    2002-01-01

    Malaysian and Australian managers enrolled in a training program exhibited differences attributed to national culture in their approaches to learning, influences on management behavior, and ways of knowing. National culture had greater influence on management development and organizational learning than did organizational or systems cultures.…

  19. Sinotex to Establish Textile Joint Venture Project in Africa

    Institute of Scientific and Technical Information of China (English)

    2012-01-01

    China Garments Co., Ltd. (000902) made an announcement on August 23rd that, its owned subsidiary company Sinotex United Import and Export Co., Ltd. was to spend 2,970 USD to establish a new company - Sinotex United Zimbabwe CO., LTD. - of which Sinotex takes cash as the method of contributing investment with 99% share-holding rate while Jonas Chindany, Operation Director of COTTCO, was to invest 30 USD for 1% shares.

  20. Royalty rates, sub licensing considerations and joint ventures.

    OpenAIRE

    Elli Malki

    1997-01-01

    Technology transfer agreements between universities and industrial companies usually involve royalties, sublicensing considerations and allocation of equity. This article extends the analysis of my previous one ("The Economic Sense of Royalty Rates", ewp-fin/970903)to deal with sublicensing considerations and equity allocation. The complexity of the technology transfer deal is demonstrated by utilizing a simple finacial model that calculates different combinations of royalties, sublicensing c...

  1. Sample Clauses for Sino-German Joint Venture Contract

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    @@ Registered Capital and Capital Contributions Article 1 Total Investment and Registered Capital 1.1 The Parties agree that the amount of total investment of the Company shall be [...] Renminbi/ United States Dollar/Euro (RMB/ USD/EUR [...]).

  2. Factors related to the capital structure of small new ventures

    NARCIS (Netherlands)

    Harms, Rainer; Breitenecker, R.; Schwartz, E.J.; Wdowiak, M.A.

    2012-01-01

    In the literature, there exists evidence on the capital structure determinants for small ventures, but empirical research for new ventures is limited. We seek to address this gap by presenting a confirmatory analysis of determinants of capital structure of a sample of small new ventures in Austria.

  3. What Happens To International New Ventures beyond Start-up

    DEFF Research Database (Denmark)

    Turcan, Romeo V.; Juho, Anita

    2014-01-01

    ventures: strategic experimentation, tensions in organizational gestalt, and legitimacy lies. We conjecture that international new ventures do not reach a made-it point if they only manage to develop substantive capabilities to produce desired outputs at various levels within the venture, but fail...

  4. Financing clean energy market creation. Clean energy ventures, venture capitalists and other investors

    Energy Technology Data Exchange (ETDEWEB)

    Teppo, T. [Helsinki Univ. of Technology, Espoo (Finland). Development and Management in Industry

    2006-07-01

    Many factors have emerged for change towards cleaner and more efficient technologies and services: climate change, increasing oil demands, and rising living standards in many parts of the world are putting an ever-increasing strain on the environment. Recently, these drivers have fueled the formation of a clean energy venture capital market where both independent venture capitalists (VCs) and corporate venture capitalists (CVCs) have invested in clean energy start-ups. Financing of clean energy market creation is the focus of this dissertation. The dissertation contributes to several bodies of literature in the area of entrepreneurship, new industry creation, corporate venturing, and venture capital research. The dissertation uses a grounded theory approach. The study is guided by three data collection approaches with an emphasis on the first two. First, interviews with European and North American VC and CVC firms that have invested in the clean energy sector were carried out. Second, a clean energy venture financing survey that consisted of qualitative, essay-format questions and some quantitative questions was carried out. Third, interviews with clean energy stakeholders were carried out in order to gain a better understanding of the emerging sector. The research results consist of three main findings. First, the research results suggest that clean energy ventures face the following three main entrepreneurial challenges: financing, market education, and growth management. A further study of three clean energy industry categories revealed additional challenges that varied according to the industry development stage. Second, the results demonstrate that, from a venture capitalist perspective, clean energy venture risk characteristics can be divided into two groups: generally recognized risk characteristics and cognitive risk characteristics. The identified generally recognized risk characteristics were market demand and adaptation, incompatibility with the VC model

  5. Effective Heuristics for New Venture Formation

    NARCIS (Netherlands)

    Kraaijenbrink, Jeroen

    2010-01-01

    Entrepreneurs are often under time pressure and may only have a short window of opportunity to launch their new venture. This means they often have no time for rational analytical decisions and rather rely on heuristics. Past research on entrepreneurial heuristics has primarily focused on predictive

  6. Tax Policy, Venture Capital, and Entrepreneurship

    DEFF Research Database (Denmark)

    Keuschnigg, Christian; Nielsen, Søren Bo

    . In addition to providing equity finance, venture capitalists assist with valuable business advice to enhance survival rates. Within a general equilibrium framework with a traditional and an entrepreneurial sector, the paper investigates the effects of taxes on the equilibrium level of entrepreneurship...

  7. De-internationalization of International New Ventures

    DEFF Research Database (Denmark)

    Turcan, Romeo V.; Servais, Per

    The purpose of this paper is to encourage a dynamic scholarly conversation into the dynamics of international new ventures (INVs) with a specific emphasis on the phenomenon of de-internationalization. The paper is also in response to the call for further research in the area of what happens to INVs...... after their initial establishment in foreign markets....

  8. Corporate relocation in venture capital finance

    NARCIS (Netherlands)

    D. Cumming; G. Flemming; A. Schwienbacher

    2009-01-01

    This paper introduces an analysis of international relocation decisions of venture capital (VC)-backed companies. Relocations to the United States are motivated by economic conditions as well as an improvement in the laws of the country in which the entrepreneurial firm is based. Relocations to the

  9. New Progress in CNPC's Down Stream Ventures

    Institute of Scientific and Technical Information of China (English)

    REN Yuxia

    1996-01-01

    @@ During the period of the Eighth Five-Year Plan, China's onshore petroleum industry stepped forward steadily along the road of integration of both its up and down stream ventures by shifting business strategy , enhancing efficiency, relying on science and technology improvement and taking advantage ofoil and gas resources.

  10. Joint venture dynamics : The effects of decisions made within a parent company and the role of joint venture management control

    NARCIS (Netherlands)

    Kooistra, Jeltje; Kamminga, Pieter

    2015-01-01

    This study aims at understanding the dynamic processes, which we call JV dynamics, over the life of JV relationships. It focuses on JV dynamics created by decisions made within one of the parent companies. It uses the case study methodology to analyse the antecedents that lead to decisions made with

  11. Presencia de los modelos curriculares en el diseño curricular regional de Arequipa

    OpenAIRE

    Chirinos Gutiérrez, Leslie Carol; Ramos Rosas, Angelica Giovanna

    2015-01-01

    La presente investigación tiene como problema ¿Qué modelos curriculares están presentes en el Diseño Curricular Regional de Arequipa?, el cual es abordado a través del objetivo: determinar los modelos curriculares presentes en el Diseño Curricular Regional de Arequipa. La investigación se cobija bajo el paradigma interpretativo, en el que se adscribe el enfoque cualitativo. Considerando el alcance y profundidad del presente estudio se ubica en un nivel descriptivo. Respecto ...

  12. Tax Policy, Venture Capital, and Entrepreneurship

    DEFF Research Database (Denmark)

    Keuschnigg, Christian; Nielsen, Søren Bo

    The paper studies the effects of tax policy on venture capital activity. Entrepreneurs pursue a single high risk project each but have no own resources. Financiers provide equity finance. They must structure the entrepreneur's profit share and base salary to assure their incentives for full effort....... In addition to providing equity finance, venture capitalists assist with valuable business advice to enhance survival rates. Within a general equilibrium framework with a traditional and an entrepreneurial sector, the paper investigates the effects of taxes on the equilibrium level of entrepreneurship...... and managerial advice. It considers differential wage and capital income taxes, a comprehensive income tax, incomplete loss offset, progressive taxation as well as investment and output subsidies to the entrepreneurial sector...

  13. Management Approach for Earth Venture Instrument

    Science.gov (United States)

    Hope, Diane L.; Dutta, Sanghamitra

    2013-01-01

    The Earth Venture Instrument (EVI) element of the Earth Venture Program calls for developing instruments for participation on a NASA-arranged spaceflight mission of opportunity to conduct innovative, integrated, hypothesis or scientific question-driven approaches to pressing Earth system science issues. This paper discusses the EVI element and the management approach being used to manage both an instrument development activity as well as the host accommodations activity. In particular the focus will be on the approach being used for the first EVI (EVI-1) selected instrument, Tropospheric Emissions: Monitoring of Pollution (TEMPO), which will be hosted on a commercial GEO satellite and some of the challenges encountered to date and corresponding mitigations that are associated with the management structure for the TEMPO Mission and the architecture of EVI.

  14. Incentive Contracting For Venture Capital Fund Managers

    Science.gov (United States)

    Leisen, Dietmar P. J.

    2009-09-01

    It is well-known in the VC literature that VCs should provide so-called value-adding activities that nurture their venture companies. This paper presents a model of the VC market that takes account of the so-called carried interest on the choice of the risk level and actions. We determine the optimal actions of the fund managers and what would be the desired actions of the fund's investors. Conflicts of interest between the parties will be documented.

  15. Competition and Specialization: Evidence from Venture Capital

    OpenAIRE

    Cabolis, Christos; Dai, Mian; Serfes, Konstantinos

    2014-01-01

    We investigate the relationship between competition and firm specialization in the venture capital (VC) market. Staged financing motivates VC firms to fund entrepreneurs in various states of maturity: startup/seed, early, growth, and so forth, and leads to stage specialization. Contrary to the conventional wisdom that competition always promotes specialization, we find an inverted-U relationship, using panel data on VC funding rounds in the U.S. between 1980 and 2006. We develop a matching mo...

  16. Venture business and control of ь organizations under globalization

    Directory of Open Access Journals (Sweden)

    Ostap Boiko

    2015-05-01

    Full Text Available The activity of venture companies and peculiarities of each management stage of venture financing which in modern terms is quite risky has been described in the article. The state of venture entrepreneurship in the world and in Ukraine has been analyzed, the main problems faced by domestic venture enterprises have been outlined and ways of their solution have been determined. The method of forming the system for the venture controlling at industrial enterprises which is to select organizational mechanism for management of controlling service has been proposed. It has been determined stages of technology for its conducting, priority directions and elements of control at the stages of the life cycleof venture enterprise. Methodological provisions have been revealed and practical recommendations onthe evaluation and controlling the venture activity have been presented and the form of reporting by results of venture activity has been proposed in the article. It has been indicated the main problems that venture managers have to pay attention during the each stage of the venture project.

  17. The dual role of external corporate venturing in technological exploration

    DEFF Research Database (Denmark)

    Li, Ying; van de Vrande, Vareska; Vanhaverbeke, Wim

    2009-01-01

    ("exploration from partners" or "EFP"). There has been little insight on how external corporate venturing may affect the exploratory learning beyond the venturing partnerships ("exploration beyond partners" or "EBP"). We claim that prior venturing relations have a dual role: First, the innovation firm can learn...... from knowledge embedded in its partners. Second, it can also learn from through its partners about knowledge developed by other firms or organizations with whom the innovating firm had no external venturing relations before. In this paper, we are interested how external corporate venturing partnerships......Innovating firms can not only explore new technologies from its innovation partners, but also explore new technologies from the organizations to which the innovating firm has had no prior relationships. Prior studies have mostly focused on a firm's exploratory learning from its venturing partners...

  18. Applying temporal network analysis to the venture capital market

    Science.gov (United States)

    Zhang, Xin; Feng, Ling; Zhu, Rongqian; Stanley, H. Eugene

    2015-10-01

    Using complex network theory to study the investment relationships of venture capital firms has produced a number of significant results. However, previous studies have often neglected the temporal properties of those relationships, which in real-world scenarios play a pivotal role. Here we examine the time-evolving dynamics of venture capital investment in China by constructing temporal networks to represent (i) investment relationships between venture capital firms and portfolio companies and (ii) the syndication ties between venture capital investors. The evolution of the networks exhibits rich variations in centrality, connectivity and local topology. We demonstrate that a temporal network approach provides a dynamic and comprehensive analysis of real-world networks.

  19. Enfoque curricular centrado en la persona

    Directory of Open Access Journals (Sweden)

    Luis Manuel Jiménez Castro

    2008-01-01

    Full Text Available Un enfoque curricular estructura, visua-liza y organiza el proceso educativo. Sin embargo, a pesar de su importancia, el sistema educativo costa-rricense no identifica unas características prácticas claras de un enfoque curricular, por medio del cual el educador pueda ubicar el tipo de estudiante que debe formar.Se desea sistematizar y aportar por medio de una revisión bibliográfica, del enfoque curricular cen-trado en la persona, una alternativa que favorezca la formación de las personas de manera integral, que promueva la crítica, la búsqueda de soluciones a problemas comunales y en general al avance de la sociedad a través del bien común.

  20. Modelo curricular de la Universidad del Zulia

    Directory of Open Access Journals (Sweden)

    Neimar Fonseca Cascioli

    2012-01-01

    Full Text Available Un modelo curricular constituye un conjunto de elementos comunes dentro de una corriente de pensamiento en el campo de la educación. El objetivo de la investigación fue explorar los modelos curriculares asumidos por la Universidad del Zulia desde 1946 a 2008. La investigación es de tipo exploratoria, y la metodología utilizada consistió en la revisión de documentos oficiales, bibliografía especializada en la temática y entrevistas a miembros de la Comisión Central de Currículo de la Universidad del Zulia de diferentes períodos. Los resultados evidencian que la universidad en referencia ha asumido dos modelos curriculares: Profesional-Técnico y el Integral. Se concluye que los currículos de las diversas carreras se han caracterizado por ser altamente profesionalizantes, enciclopédicos y conductistas

  1. Survey of Pharmacy Schools' Approaches and Attitudes toward Curricular Integration

    National Research Council Canada - National Science Library

    Poirier, Therese I; Fan, Jingyang; Nieto, Marcelo J

    2016-01-01

    Objective. To identify ways in which curricular integration is addressed in US pharmacy schools, the structure of therapeutics and foundational science courses, and perceptions of the effects current curricular...

  2. Survey of Pharmacy Schools' Approaches and Attitudes toward Curricular Integration

    National Research Council Canada - National Science Library

    Therese I Poirier; Jingyang Fan; Marcelo J Nieto

    2016-01-01

      To identify ways in which curricular integration is addressed in US pharmacy schools, the structure of therapeutics and foundational science courses, and perceptions of the effects current curricular...

  3. Entrepreneurial Functionality Of New Venture Creation Learners

    Directory of Open Access Journals (Sweden)

    Philna Buys

    2006-11-01

    Full Text Available The primary objective of this study was to evaluate the suitability of individuals as potential entrepreneurs in the entrepreneurial economic environment. The scientifically validated Functional Intelligence Assessment Tool (FIAT was applied to nineteen individuals (learners during their training (New Venture Creation Learnership or NVC Learnership which was managed by the Services Sector Education and Training Authority (SETA. Only three of the nineteen respondents were found to be suitable as entrepreneurs of whom two also displayed leadership qualities. The implications of the findings are discussed.

  4. A Theory of the Risks of Venture Capital Financing

    Directory of Open Access Journals (Sweden)

    Edmund H. Mantell

    2009-01-01

    Full Text Available Problem statement: There is no general theory analyzing how the time-varying cash flows of venture capitalist financing affect the likelihood of success of a new venture. This research addressed that lacuna in the literature. Approach: Research in the area of venture capital financing was needed because of the importance of new ventures as germinators of technological innovation. The research in this study developed a general economic theory quantifying the risk of venture failure associated with time-varying cash flows of financing. Each occasion when an entrepreneur made an overture to a venture capitalist to elicit a financing commitment was defined to be a distinct “solicitation event”. The series of financial commitments elicited from venture capitalists were assumed to have the characteristics of independently distributed random variables. It was assumed that the entrepreneur must secure a minimal aggregate commitment in order to ensure development of the project; failure to secure that amount caused the venture to be aborted. The theory of stochastic processes was applied to derive the practical implications as regards the risk of abortion. Results: It was shown that the aggregate financing commitment secured by an entrepreneur in a finite time had stochastic properties corresponding to those of a statistical renewal process. The research derived limiting conditions on the probability that entrepreneur’s venture will be aborted because of his failure to secure the minimal aggregate commitment. The main result was that if the number of solicitations by the entrepreneur is large and the financial commitments were independently distributed random variables with finite means and variances, the probability distribution governing venture survival is the Normal distribution. Conclusion: The study derived four analytical propositions quantifying the trade-offs between the risk and the expected return associated with venture capital financing

  5. The Effect of Cross-Curricular Instruction on Reading Comprehension

    Science.gov (United States)

    Aslan, Yasin

    2016-01-01

    Cross-curricular objectives serve as a kind of "safety net" for core objectives. Firstly, cross-curricular objectives refer to competencies that do not pertain to the content of one or more subjects, but that can be taught, practised and applied in it, such as learning to learn and social skills. Secondly, certain cross-curricular final…

  6. Venture Leaders Prize for innovative technology projects

    CERN Multimedia

    2006-01-01

    In co-operation with the GEBERT RÜF FOUNDATION and the Ernest & Young Entrepreneur of the Year Award, venturelab will be presenting the Venture Leaders Prize. The Venture Leaders Prize, which is the new guise of the NETS (New Entrepreneurs in Technology and Science) Prize, will give twenty research entrepreneurs with projects to develop innovative technologies the opportunity to win the chance of participating in a programme to assist them in starting up their companies. The winners will go to spend 10 days in the Boston area (United States) where they will take part in a development programme for their project, which will include an entrepreneurship course, opportunities to meet start-up companies and financing experts, etc. This prize has already spawned many companies such as id Quantique, Selexis or ABMI which have contributed to the economic development of regions, particularly in French-speaking Switzerland. The competition is open to students and scientists from all fields, who would like to s...

  7. Venture-backed Firms Valuation:a Real Option Approach

    Institute of Scientific and Technical Information of China (English)

    ChenyuZhang; LingLiu; JinlinLi

    2004-01-01

    Venture capital financing decisions are usually made based on the valuation of the venture-backed firms, for which a compound real options valuation model with two stochastic parameters is built in this paper. A numerical example is then used to illustrate that the model gives a more accurate and reliable result than the traditional discount cash flow valuation model.

  8. The importance of trust for investment : Evidence from venture capital

    NARCIS (Netherlands)

    Bottazzi, L.; Da Rin, Marco; Hellmann, T.

    2016-01-01

    We examine the effect of trust in venture capital. Our theory predicts a positive relationship of trust with investment, but a negative relationship with success. Using a hand-collected dataset of European venture capital deals, we find that the Eurobarometer measure of trust among nations positivel

  9. What lures cross-border venture capital inflows?

    NARCIS (Netherlands)

    Schertler, Andrea; Tykvova, Tereza

    2012-01-01

    We investigate if economic factors drive gross and net cross-border venture capital inflows differently. Using a dataset of venture capital investments in European and North American countries from 2000 to 2008, we find that higher expected economic growth goes hand in hand with higher gross as well

  10. TENDENCY OF IMPROVEMENT ANALYSIS OF VENTURE ACTIVITY FOR MANAGEMENT DECISIONS

    Directory of Open Access Journals (Sweden)

    G.Yu. Iakovetс

    2015-03-01

    Full Text Available The questions concerning the definition of current trends and prospects of venture financing new innovative enterprises as one of the most effective and alternative, but with a high degree of risk financing sources of the entity. The features of venture financing that is different from other sources of business financing, as well as income from investments of venture capital can greatly exceed the volume of investments, but at the same time such financing risks are significant, so it all makes it necessary to build an effective system of venture capital investments in the workplace. In the course of the study also revealed problems of analysis and minimization of risks in the performance of venture financing of innovative enterprises. Defining characteristics analysis and risk assessment of venture financing helps to find ways to minimize and systematization, avoidance and prevention of risks in the performance of venture capital. The study also identified the major areas of improvement analysis of venture capital for management decisions.

  11. Strategies for International Development in Knowledge Intensive New Ventures

    DEFF Research Database (Denmark)

    Lassen, Astrid Heidemann; McKelvey, Maureen; Slepniov, Dmitrij

    2011-01-01

    The overall question dealt with in this paper is how and why KIE firms engage in international development. Based on five in-depth case studies we illustrate that in addition to the well-known factors of internationalization, KIE ventures show a number of anomalies, suggesting that KIE ventures i...

  12. The importance of trust for investment : Evidence from venture capital

    NARCIS (Netherlands)

    Bottazzi, L.; Da Rin, Marco; Hellmann, T.

    We examine the effect of trust in venture capital. Our theory predicts a positive relationship of trust with investment, but a negative relationship with success. Using a hand-collected dataset of European venture capital deals, we find that the Eurobarometer measure of trust among nations

  13. Curricular Guidelines for Dental Auxiliary Radiology.

    Science.gov (United States)

    Journal of Dental Education, 1981

    1981-01-01

    AADS curricular guidelines suggest objectives for these areas of dental auxiliary radiology: physical principles of X-radiation in dentistry, related radiobiological concepts, principles of radiologic health, radiographic technique, x-ray films and intensifying screens, factors contributing to film quality, darkroom, and normal variations in…

  14. Co-Curricular Assessment Scale Development

    Science.gov (United States)

    Feldmann, Matthew; Aper, Jeffery P.; Meredith, Sam T.

    2011-01-01

    This article discusses the development of a scale informed by the construct of emotional intelligence designed to measure student development outcomes identified as co-curricular goals. Supervisors, staff, and coaches provided firsthand accounts of student development outcomes at a small, private, liberal arts work college, generating data on…

  15. Cross-Curricular Science and History

    Science.gov (United States)

    Byrne, Eleanor

    2011-01-01

    Cross-curricular teaching and learning can be an approach that not only looks to amalgamate subjects together for the sake of greater understanding of each individual subject, but also to make meaningful connections between subjects based on disciplinary similarities. This involves a deeper understanding of each subject's specific characteristics…

  16. Curricular Content for Pupils' Mental Health

    Science.gov (United States)

    Ebadi, Seyed Hossein; Keshtiaray, Narges; Aghaei, Asghar; Yousefy, Alireza

    2016-01-01

    Present-day curricular designs have to take the pupils' psychological needs in account, thus becoming melodies of mental health and happiness for the next generation. Emphasizing the findings from previous investigations using the research synthesis methodology, the present study has been conducted aiming at achieving some integrative knowledge…

  17. Curricular Guidelines for Dental Auxiliary Radiology.

    Science.gov (United States)

    Journal of Dental Education, 1981

    1981-01-01

    AADS curricular guidelines suggest objectives for these areas of dental auxiliary radiology: physical principles of X-radiation in dentistry, related radiobiological concepts, principles of radiologic health, radiographic technique, x-ray films and intensifying screens, factors contributing to film quality, darkroom, and normal variations in…

  18. From Creativity to New Venture Creation

    DEFF Research Database (Denmark)

    Lund, Morten; Byrge, Christian; Nielsen, Christian

    2017-01-01

    , are discussed, followed by a more in-depth discussion of the interrelationships between the creative process and the business modeling process. The implications of the paper are discussed in terms of a combined study module aimed at new venture creation students and pupils within higher education as well......This paper explores the processes of creating new companies with original and useful business models from a conceptual perspective. Based on data from large-scale creativity training programs and business model development studies in Denmark encompassing over 100 companies and 200 entrepreneurs......, the key proposition of the paper is that entrepreneurs can enhance their development processes through training of their competences in creativity and in business modeling. The paper presents a set of key skill variables of creativity and of business modeling that need to be trained in order to enhance...

  19. Ventures in science status report, Summer 1992

    Energy Technology Data Exchange (ETDEWEB)

    1992-11-01

    The Ventures in Science summer program is directed towards students who are from underrepresented minority groups in mathematics and science professions. The target group of 40 was drawn from eligible students who will be entering high school freshman in the fall of 1992. 450 students applied. The theme for the summer is Chicago as an Ecosystem. The students are instructed in integrated math and science (2 hours), English/ESL (1 1/2 hrs.), counseling (1 hr.) and, physical education (1 hr.) each day four days a week. Integrated math and science are team taught. Parents are invited to participate in two workshops that will be presented based on their input. Parents may also visit the program at any time and participate in any field trip.

  20. Characteristics and drivers of venture capital investment activity in Romania

    Directory of Open Access Journals (Sweden)

    Mihaela DIACONU

    2012-07-01

    Full Text Available The present paper aims at characterising the venture capital market and identifying factors affecting the venture capital investments activity in Romania in the period 2000-2010. With a view to assessing the intensity of manifestation of various factors on the supply and demand of venture capital we use an econometric model of macroeconomic variables already tested in the literature. We consider, however, that we bring contributions to the approach, by analysing the features of the venture capital market in Romania and impact factors, our work being, at the same time, support in assessing the types of decisions to be adopted by policymakers to the formation of an authentic market and stimulating innovation. Our results indicate that the total R&D intensity is the main determinant of the venture capitals invested in this period in the two phases (for early stages and expansion. A significant incidence, mainly on the supply side, also shows the annual long term real interest rate, while the market capitalisation, the effective marginal tax rate on corporate income, the annual inflation or unemployment rate do not impact on the venture capital. Our recommendations, in terms of formation and development of the venture capital market, look as a priority, strengthening the demand for resources, respectively encouraging of enterprises to innovate, creating of conditions for the supply to be manifested in the seed and start-up stages and the compatibilization of the need for resources with prudential rules by adapting regulations for institutional investors.

  1. Investigating the factors affecting knowledge management application in new ventures

    Directory of Open Access Journals (Sweden)

    Ehsan Shahidifar

    2016-12-01

    Full Text Available Knowledge management is extensively used in large, medium and small firms. However, the larger the scale, the more knowledge management practices might be used in organizations. Unfortunately, application of knowledge management in new ventures is not sufficiently discussed in the extant literature. Thus this paper attempts to concentrate on this issue. Therefore, environmental, organizational and individual factors are enumerated and their effect on application of knowledge management in new ventures is examined. Findings revealed that all these factors significantly affect knowledge management application is new ventures.

  2. Venture Capital Investment Base on Grey Relational Theory

    Science.gov (United States)

    Zhang, Xubo

    This paper builds a venture capital investment projects selection evaluation model base on risk-weight investment return using grey relational analysis. The risk and return in venture capital investment projects selection process is analyses. These risk and return mainly constricted in management ability, operation ability, market ability, exit obtain and investment cost. The 18 sub-indicators are the impact factors contributed to these five evaluation aspects. Grey relation analysis is use to evaluate the venture capital investment selection. Get the optimal solution of risk-weight double objective investment selection evaluation model. An example is used to demonstrate the model in this paper.

  3. ON THE INSTITUTIONAL DEFECT AND ITS CORRECTION OF VENTURE CAPITAL IN CHINA

    Institute of Scientific and Technical Information of China (English)

    2001-01-01

    With the emergence of Knowledge Economy, venture capital is playing a more and more important role in the high and new technology industry in China. The situation and problems of venture investment in China are analyzed in this paper which pointed out some problems that hinder the process of venture invest- ment, and also, gave some suggestions to promote the development of venture capital.

  4. 13 CFR 108.10 - Description of the New Markets Venture Capital Program.

    Science.gov (United States)

    2010-01-01

    ... Venture Capital Program. 108.10 Section 108.10 Business Credit and Assistance SMALL BUSINESS ADMINISTRATION NEW MARKETS VENTURE CAPITAL (âNMVCâ) PROGRAM Introduction to Part 108 § 108.10 Description of the New Markets Venture Capital Program. The New Markets Venture Capital (“NMVC”) Program is...

  5. Financial intermediaries, ownership structure and the provision of venture capital to SMEs: Evidence from Japan

    NARCIS (Netherlands)

    Cumming, D.; Fleming, G.; Schwienbacher, A.

    2008-01-01

    This paper examines how the provision of venture capital to small- and medium-sized businesses (SMEs) is influenced by the ownership structure of the venture capital provider. We introduce a new and unique dataset from the Japanese venture capital market, comprising data on investment and venture ca

  6. CURRICULAR OFFER INFLUENCING STUDENTS’ SATISFACTION: COMPARATIVE STUDY

    OpenAIRE

    Oana DUMITRASCU; Constantin Manuel HILA

    2014-01-01

    The main objective of the study is the determination of students’ satisfaction regarding curricular activities. The study has been accomplished using the qualitative and quantitative research, using the bibliographic study, various secondary sources and different primary sources. The study is developed with a marketing research and accomplished using the survey method. 699 students from four universities have been questioned. Due to a comparative study the University of Applied Sciences Worms...

  7. CURRICULAR OFFER INFLUENCING STUDENTS’ SATISFACTION: COMPARATIVE STUDY

    Directory of Open Access Journals (Sweden)

    Oana DUMITRASCU

    2014-11-01

    Full Text Available The main objective of the study is the determination of students’ satisfaction regarding curricular activities. The study has been accomplished using the qualitative and quantitative research, using the bibliographic study, various secondary sources and different primary sources. The study is developed with a marketing research and accomplished using the survey method. 699 students from four universities have been questioned. Due to a comparative study the University of Applied Sciences Worms, University of Applied Sciences Wiesbaden Rüsselsheim, University of Applied Sciences Frankfurt am Main and Nürtingen-Geislingen University have been analysed and their similarities and differences have been identified. The collected data, based on the established sample, is evaluated through univariate and bivariate analysis. In accordance with the evaluated sample, specific gaps from each region are identified regarding the curricular offer of the analysed universities. As a result to the conducted study, recommendations for the University of Applied Sciences Worms regarding the student’s satisfaction concerning the curricular offer are presented.

  8. CURRICULAR OFFER INFLUENCING STUDENTS’ SATISFACTION: COMPARATIVE STUDY

    Directory of Open Access Journals (Sweden)

    Oana DUMITRASCU

    2014-11-01

    Full Text Available The main objective of the study is the determination of students’ satisfaction regarding curricular activities. The study has been accomplished using the qualitative and quantitative research, using the bibliographic study, various secondary sources and different primary sources. The study is developed with a marketing research and accomplished using the survey method. 699 students from four universities have been questioned. Due to a comparative study the University of Applied Sciences Worms, University of Applied Sciences Wiesbaden Rüsselsheim, University of Applied Sciences Frankfurt am Main and Nürtingen-Geislingen University have been analysed and their similarities and differences have been identified. The collected data, based on the established sample, is evaluated through univariate and bivariate analysis. In accordance with the evaluated sample, specific gaps from each region are identified regarding the curricular offer of the analysed universities. As a result to the conducted study, recommendations for the University of Applied Sciences Worms regarding the student’s satisfaction concerning the curricular offer are presented.

  9. Coherencia curricular y oportunidades para aprender Ciencias

    Directory of Open Access Journals (Sweden)

    Marcela Ruiz Zúñiga

    2014-12-01

    Full Text Available Se determinó la coherencia curricular entre oportunidades de aprendizaje y habilidades científicas ofrecidas por un texto escolar chileno y por las actividades de aula en 5º grado asociadas al contenido "Fuerza". Se realizó un análisis discursivo de la unidad didáctica del texto y de las actividades con el fin de construir matrices de contenido para tópicos y habilidades; la medición de coherencia curricular se realizó a través del índice de Porter para la coherencia. Los resultados muestran que el texto escolar promueve más observación (24.2% y menos ordenamiento de la información (0.95%. En las clases, predominó repetición de contenidos de manera oral y escrita (66.8% y menos análisis de hipótesis (1.6%. El índice de Porter entre el texto y el aula fue 0.360, entre el texto y el marco curricular fue 0.267. Se concluye que el texto y las clases ofrecen leves oportunidades para el desarrollo de las habilidades científicas.

  10. The Use and Effect of Social Capital in New Venture Creation - Solo Entrepreneurs vs. New Venture Teams

    OpenAIRE

    Cantner, Uwe; Stützer, Michael

    2010-01-01

    This paper examines the use of social capital in the venture creation process. We compare solo entrepreneurs (n=182) and new venture teams (n=274) from a random sample of start-ups in innovative industries and test social capital use and its effects on firm performance. Our results reveal that solo entrepreneurs and new venture teams do not differ in their degree of use of social capital. However, there are differences in the determinants of social capital use in both groups. We find that wea...

  11. Development trends of the venture capital financing institution: spaciotemporal profile

    Directory of Open Access Journals (Sweden)

    T. I. Volkova

    2010-09-01

    Full Text Available The article describes the results of the research of development and performance features of the venture capital financing institution in leading countries as well as in Russia and in its regions. A number of main trends in venture financing in accordance with the level of innovation process` development abroad and in our country are emphasized, first of all by stages of support of scientific and technological developments and projects. Positive trends and contradictions in development of venture capital financing institution in Russia and its regions are revealed. Main directions of activation of venture financing process are systematized in accordance with the requirements of the Concept of long-term social-economic development of the Russian Federation till 2020 and the Strategy of social-economic development of the Sverdlovsk region until 2020.

  12. Venture Capital Investment in the Life Sciences in Switzerland.

    Science.gov (United States)

    Hosang, Markus

    2014-12-01

    Innovation is one of the main driving factors for continuous and healthy economic growth and welfare. Switzerland as a resource-poor country is particularly dependent on innovation, and the life sciences, which comprise biotechnologies, (bio)pharmaceuticals, medical technologies and diagnostics, are one of the key areas of innovative strength of Switzerland. Venture capital financing and venture capitalists (frequently called 'VCs') and investors in public equities have played and still play a pivotal role in financing the Swiss biotechnology industry. In the following some general features of venture capital investment in life sciences as well as some opportunities and challenges which venture capital investors in Switzerland are facing are highlighted. In addition certain means to counteract these challenges including the 'Zukunftsfonds Schweiz' are discussed.

  13. An Ethnographic Study of New Venture and New Sector Legitimation

    DEFF Research Database (Denmark)

    Turcan, Romeo V.; Fraser, Norman

    2016-01-01

    This study explores the process of legitimation of international new ventures from an emerging economy and the effect such ventures have on the process of creation and legitimation of a new industry in that economy. It is a longitudinal ethnographic case study. Following an inductive theory...... building approach, data were collected over an eleven year period via in-depth interviews, participant observations, and unobtrusive data. The study puts forward a process model of new industry legitimation. The model theorizes the process of change from an initial condition in which an industry does...... not exist to a final condition in which it is institutionalized. The model addresses the case where the initial catalyst is the formation of an international new venture that is the seed for the birth of the industry. Since both the new venture and the new industry lack cognitive and socio...

  14. Venture Capital Investment Selection Decision-making Base on Fuzzy Theory

    Science.gov (United States)

    Zhang, Xubo

    Venture capital investment decision-making is the most important issue in venture capital investment selection. There are higher uncertainty and complexity in venture capital investment decision-making process. This paper analysis these uncertain risk in venture capital investment decision-making base the previous studies. Attributed the venture capital candidate firms' select to fuzzy optimal decision-making. Build a risk-weight fuzzy optimal return model to avoid the decision-making risk. Get the optimal solution set.

  15. Addressing rural social exclusion through African social purpose ventures

    OpenAIRE

    Littlewood, David; Holt, Diane

    2013-01-01

    Objectives. \\ud The overarching aim of this paper is to consider the relationship between social entrepreneurship and rural development, and as a mechanism to address social exclusion in the Global South, with specific reference to Sub-Saharan Africa. Drawing upon a number of case examples of social purpose ventures in Kenya, Mozambique and Zambia the objectives of this paper are:\\ud - To provide a synthesis of existing literature on the interaction between social purpose ventures and rural B...

  16. The Role of Intuition in Entrepreneurship and Business Venturing Decisions

    OpenAIRE

    Sadler-Smith, E

    2015-01-01

    Entrepreneurial intuition is the affectively charged recognition and evaluation of a business venturing opportunity arising as a result of involuntary, rapid, non-conscious, associative processing. This article integrates theories of dual-processing and models of the business venturing (opportunity recognition, evaluation, and exploitation) in a model of entrepreneurial intuition, which links intuitive expertise, cognitive style, somatic state, and the affect heuristic with System 2 intervent...

  17. How a Venture Capitalist Approaches an Investment Decision

    Science.gov (United States)

    Colbert, Daniel

    2012-02-01

    In this talk, I will provide a high-level overview of the venture capital history, structure, process and approaches to investing in early-stage companies. I will discuss what VCs look for, and share some dos and don'ts for entrepreneurs looking for venture funding. I will close with a description of the Tatarstand CleanTech Fund, and some examples of deals we invested in and passed over and why.

  18. Risk-Return Profiles of New Ventures: An Empirical Study

    OpenAIRE

    Robert H. Keeley; Lassaad A. Turki

    1993-01-01

    This study examines how risk evolves in private, venture capital backed companies. It finds that the stochastic Ito processes assumed for public companies probably apply to young, private companies as well. However, the parameters, drift rate and standard deviation, are generally higher. Venture capitalists have viewed companies as evolving through stages, and this study assesses the probabilities of success and failure at each stage. The underlying process of price evolution appears much smo...

  19. Drivers of participation in collaborative consumption ventures

    OpenAIRE

    Heil, Anna Catharin

    2014-01-01

    A Work Project, presented as part of the requirements for the Award of a Masters Degree in Management from the NOVA – School of Business and Economics Collaborative Consumption is a term used to describe the notion of sharing and joint utilization of goods and services. Being deeply rooted in anthropology, the phenomenon of joint consumption is currently experiencing a form of renaissance on the internet, as online communication is beginning to lower the hurdles of geographical, social ...

  20. Survey of Pharmacy Schools' Approaches and Attitudes toward Curricular Integration.

    Science.gov (United States)

    Poirier, Therese I; Fan, Jingyang; Nieto, Marcelo J

    2016-08-25

    Objective. To identify ways in which curricular integration is addressed in US pharmacy schools, the structure of therapeutics and foundational science courses, and perceptions of the effects current curricular integration methods have on student learning. Methods. An electronic survey was sent to academic leaders representing 131 pharmacy schools in the United States. Frequency data was tabulated and demographic analysis was performed. Results. Respondent data represents 94 schools of pharmacy. Arranging similar content from various disciplines in a course, a skills laboratory and pharmacy practice experiences were the most common methods for achieving curricular integration. More than one half of the schools indicated that foundational sciences were integrated with therapeutics. The most common reported challenge to curricular integration was logistics. Conclusion. Pharmacy education in the United States has evolved in addressing curricular integration in the curricula, which is consistent with changes in accreditation standards. Most pharmacy schools reported a variety of methods for achieving the intent of curricular integration.

  1. Sea snakes rarely venture far from home.

    Science.gov (United States)

    Lukoschek, Vimoksalehi; Shine, Richard

    2012-06-01

    The extent to which populations are connected by dispersal influences all aspects of their biology and informs the spatial scale of optimal conservation strategies. Obtaining direct estimates of dispersal is challenging, particularly in marine systems, with studies typically relying on indirect approaches to evaluate connectivity. To overcome this challenge, we combine information from an eight-year mark-recapture study with high-resolution genetic data to demonstrate extremely low dispersal and restricted gene flow at small spatial scales for a large, potentially mobile marine vertebrate, the turtleheaded sea snake (Emydocephalus annulatus). Our mark-recapture study indicated that adjacent bays in New Caledonia (sea snake populations. Sea snakes could easily swim between bays but rarely do so. Of 817 recaptures of marked snakes, only two snakes had moved between bays. We genotyped 136 snakes for 11 polymorphic microsatellite loci and found statistically significant genetic divergence between the two bays (F(ST)= 0.008, P sea snakes rarely venture far from home, which has strong implications for their ecology, evolution, and conservation.

  2. MMV: New Medicines for Malaria Venture.

    Science.gov (United States)

    1999-02-01

    New Medicines for Malaria Venture (MMV) is a public/private, nonprofit initiative to develop 1 new drug against malaria every 5 years. It will operate under the umbrella of Roll Back Malaria, a new project launched by World Health Organization (WHO) Director General, Dr. Gro Harlem Brundtland. The UNDP/World Bank/WHO Special Program for Research and Training in Tropical Diseases (TDR) helped establish the MMV through its product R&D unit, and there has been considerable industrial input. The World Bank and the Global Forum for Health Research are other international agencies involved in the initiative, while several philanthropic organizations such as the Rockefeller Foundation and the Wellcome Trust have also played major roles. MMV will create a fund and operate by financing and resourcing a limited number of projects in a manner compatible with industrial procedures. The fund is mainly supported financially by the public sector, while a funding commitment of US$15 million/year rising to US$30 million a year is being sought. Companies are providing mainly in-kind support.

  3. Curricular Adaptations in Introductory Physics Labs

    Science.gov (United States)

    Dreyfus, Benjamin W.; Ewell, Mary; Moore, Kimberly

    2017-01-01

    When curricular materials are disseminated to new sites, there can be a tension between fidelity to the original intent of the developers and adaptation to local needs. In this case study we look at a lab activity that was initially developed for an introductory physics for the life sciences (IPLS) course at the University of Maryland, then implemented at George Mason University with significant adaptations. The goals of the two implementations were overlapping, but also differed in ways that are reflected in the two versions of the lab. We compare student lab report data from the two sites to examine the impacts of the adaptation on how students engaged with the lab.

  4. Making sense of corporate venture capital.

    Science.gov (United States)

    Chesbrough, Henry W

    2002-03-01

    Large companies have long sensed the potential value of investing in external start-ups, but more often than not, they fail to get it right. Remember the dash to invest in new ventures in the late 1990s and the hasty retreat when the economy turned? This article presents a framework that will help a company decide whether it should invest in a particular start-up by first understanding what kind of benefit might be realized from the investment. The framework--illustrated with examples from Intel, Lucent, and others--explains why certain types of corporate VC investments proliferate only when financial returns are high, why other types persist in good times and in bad, and why still others make little sense in any phase of the business cycle. The framework describes four types of corporate VC investments, each defined by its primary goal--strategic and financial--and by the degree of operational linkage between the start-up and the investing company. Driving investments are characterized by a strong strategic rationale and tight operational links. Enabling investments are also made primarily for strategic reasons, but the operational links are loose. Emergent investments, which are characterized by tight operational links, have little current--but significant potential--strategic value. Passive investments, offering few potential strategic benefits and only loose operational links, are made primarily for financial reasons. Passive corporate VC investments dry up in a down economy, but enabling and driving investments usually have more staying power. That's because their potential returns are primarily strategic, not financial. In other words, they can foster business growth. Emergent investments may make sense even in a weak market because of their potential strategic value--that is, their ability to help companies identify and spark the growth of future businesses.

  5. Sharing competences in strategic alliances: a case study of the Cosan and Shell biofuel venture

    Directory of Open Access Journals (Sweden)

    Luciana Florêncio de Almeida

    2013-06-01

    Full Text Available In a competitive world, the way a firm establishes its organizational arrangements may determine the enhancement of its core competences and the possibility of reaching new markets. Firms that find their skills to be applicable in just one type of market encounter constraints in expanding their markets, and through alliances may find a competitive form of value capture. Hybrid forms of organization appear primarily as an alternative to capturing value and managing joint assets when the market and hierarchy modes do not present any yields for the firm's competitiveness. As a result, this form may present other challenging issues, such as the allocation of rights and principal-agent problems. The biofuel market has presented a strong pattern of changes over the last 10 years. New intra-firm arrangements have appeared as a path to participate or survive among global competition. Given the need for capital to achieve better results, there has been a consistent movement of mergers and acquisitions in the Biofuel sector, especially since the 2008 financial crisis. In 2011 there were five major groups in Brazil with a grinding capacity of more than 15 million tons per year: Raízen (joint venture formed by Cosan and Shell, Louis Dreyfus, Tereos Petrobras, ETH, and Bunge. Major oil companies have implemented the strategy of diversification as a hedge against the rising cost of oil. Using the alliance of Cosan and Shell in the Brazilian biofuel market as a case study, this paper analyses the governance mode and challenging issues raised by strategic alliances when firms aim to reach new markets through the sharing of core competences with local firms. The article is based on documentary research and interviews with Cosan's Investor Relations staff, and examines the main questions involving hybrid forms through the lens of the Transaction Cost Economics (TCE, Agency Theory, Resource Based View (RBV, and dynamic capabilities theoretical approaches. One

  6. Coupling Admissions and Curricular Data to Predict Medical Student Outcomes

    Science.gov (United States)

    Sesate, Diana B.; Milem, Jeffrey F.; McIntosh, Kadian L.; Bryan, W. Patrick

    2017-01-01

    The relative impact of admissions factors and curricular measures on the first medical licensing exam (United States Medical Licensing Exam [USMLE] Step 1) scores is examined. The inclusion of first-year and second-year curricular measures nearly doubled the variance explained in Step 1 scores from the amount explained by the combination of…

  7. Curricular Deliberation about "Hamlet": An Exercise in the Practical.

    Science.gov (United States)

    Siegel, Judith Susan

    This study attempts to clarify and exploit Joseph Schwab's recent and current work on "practical" and "eclectic" curriculums in a simulated deliberation about a concrete curricular question, How might "Hamlet" be taught to one group of high school juniors? By exemplifying curricular deliberation, it aims to clarify…

  8. Curricular Deliberation about "Hamlet": An Exercise in the Practical.

    Science.gov (United States)

    Siegel, Judith Susan

    This study attempts to clarify and exploit Joseph Schwab's recent and current work on "practical" and "eclectic" curriculums in a simulated deliberation about a concrete curricular question, How might "Hamlet" be taught to one group of high school juniors? By exemplifying curricular deliberation, it aims to clarify…

  9. Curricular Critique of an Environmental Education Policy: Implications for Practice

    Science.gov (United States)

    Karrow, Douglas D.; Fazio, Xavier

    2015-01-01

    This paper provides a curricular critique of an environmental education policy framework called "Acting Today, Shaping Tomorrow" (Ontario Ministry of Education, 2009). Answers to the following two curricular questions: "What should be taught?" and "How it should be taught?" frame the critique. Scrutiny of the latter…

  10. Venture funding for science-based African health innovation

    Directory of Open Access Journals (Sweden)

    Daar Abdallah S

    2010-12-01

    Full Text Available Abstract Background While venture funding has been applied to biotechnology and health in high-income countries, it is still nascent in these fields in developing countries, and particularly in Africa. Yet the need for implementing innovative solutions to health challenges is greatest in Africa, with its enormous burden of communicable disease. Issues such as risk, investment opportunities, return on investment requirements, and quantifying health impact are critical in assessing venture capital’s potential for supporting health innovation. This paper uses lessons learned from five venture capital firms from Kenya, South Africa, China, India, and the US to suggest design principles for African health venture funds. Discussion The case study method was used to explore relevant funds, and lessons for the African context. The health venture funds in this study included publicly-owned organizations, corporations, social enterprises, and subsidiaries of foreign venture firms. The size and type of investments varied widely. The primary investor in four funds was the International Finance Corporation. Three of the funds aimed primarily for financial returns, one aimed primarily for social and health returns, and one had mixed aims. Lessons learned include the importance of measuring and supporting both social and financial returns; the need to engage both upstream capital such as government risk-funding and downstream capital from the private sector; and the existence of many challenges including difficulty of raising capital, low human resource capacity, regulatory barriers, and risky business environments. Based on these lessons, design principles for appropriate venture funding are suggested. Summary Based on the cases studied and relevant experiences elsewhere, there is a case for venture funding as one support mechanism for science-based African health innovation, with opportunities for risk-tolerant investors to make financial as well as social

  11. Venture funding for science-based African health innovation.

    Science.gov (United States)

    Masum, Hassan; Chakma, Justin; Simiyu, Ken; Ronoh, Wesley; Daar, Abdallah S; Singer, Peter A

    2010-12-13

    While venture funding has been applied to biotechnology and health in high-income countries, it is still nascent in these fields in developing countries, and particularly in Africa. Yet the need for implementing innovative solutions to health challenges is greatest in Africa, with its enormous burden of communicable disease. Issues such as risk, investment opportunities, return on investment requirements, and quantifying health impact are critical in assessing venture capital's potential for supporting health innovation. This paper uses lessons learned from five venture capital firms from Kenya, South Africa, China, India, and the US to suggest design principles for African health venture funds. The case study method was used to explore relevant funds, and lessons for the African context. The health venture funds in this study included publicly-owned organizations, corporations, social enterprises, and subsidiaries of foreign venture firms. The size and type of investments varied widely. The primary investor in four funds was the International Finance Corporation. Three of the funds aimed primarily for financial returns, one aimed primarily for social and health returns, and one had mixed aims. Lessons learned include the importance of measuring and supporting both social and financial returns; the need to engage both upstream capital such as government risk-funding and downstream capital from the private sector; and the existence of many challenges including difficulty of raising capital, low human resource capacity, regulatory barriers, and risky business environments. Based on these lessons, design principles for appropriate venture funding are suggested. Based on the cases studied and relevant experiences elsewhere, there is a case for venture funding as one support mechanism for science-based African health innovation, with opportunities for risk-tolerant investors to make financial as well as social returns. Such funds should be structured to overcome the

  12. How does venture capital operate in medical innovation?

    Science.gov (United States)

    Lehoux, P; Miller, F A; Daudelin, G

    2016-07-01

    While health policy scholars wish to encourage the creation of technologies that bring more value to healthcare, they may not fully understand the mandate of venture capitalists and how they operate. This paper aims to clarify how venture capital operates and to illustrate its influence over the kinds of technologies that make their way into healthcare systems. The paper draws on the international innovation policy scholarship and the lessons our research team learned throughout a 5-year fieldwork conducted in Quebec (Canada). Current policies support the development of technologies that capital investors identify as valuable, and which may not align with important health needs. The level of congruence between a given health technology-based venture and the mandate of venture capital is highly variable, explaining why some types of innovation may never come into existence. While venture capitalists' mandate and worldview are extraneous to healthcare, they shape health technologies in several, tangible ways. Clinical leaders and health policy scholars could play a more active role in innovation policy. Because certain types of technology are more likely than others to help tackle the intractable problems of healthcare systems, public policies should be equipped to promote those that address the needs of a growing elderly population, support patients who are afflicted by chronic diseases and reduce health disparities.

  13. Implementation of nephrology subspecialty curricular milestones.

    Science.gov (United States)

    Yuan, Christina M; Prince, Lisa K; Oliver, James D; Abbott, Kevin C; Nee, Robert

    2015-07-01

    Beginning in the 2014-2015 training year, the US Accreditation Council for Graduate Medical Education (ACGME) required that nephrology Clinical Competency Committees assess fellows' progress toward 23 subcompetency "context nonspecific" internal medicine subspecialty milestones. Fellows' advancement toward the "ready for unsupervised practice" target milestone now is tracked in each of the 6 competencies: Patient Care, Medical Knowledge, Professionalism, Interpersonal Communication Skills, Practice-Based Learning and Improvement, and Systems-Based Practice. Nephrology program directors and subspecialty societies must define nephrology-specific "curricular milestones," mapped to the nonspecific ACGME milestones. Although the ACGME goal is to produce data that can discriminate between successful and underperforming training programs, the approach is at risk to produce biased, inaccurate, and unhelpful information. We map the ACGME internal medicine subspecialty milestones to our previously published nephrology-specific milestone schema and describe entrustable professional activities and other objective assessment tools that inform milestone decisions. Mapping our schema onto the ACGME subspecialty milestone reporting form allows comparison with the ACGME subspecialty milestones and the curricular milestones developed by the American Society of Nephrology Program Directors. Clinical Competency Committees may easily adapt and directly translate milestone decisions reached using our schema onto the ACGME internal medicine subspecialty competency milestone-reporting format.

  14. Valuation of private companies by Estonian private equity and venture capitalists / Priit Sander, Margus Kõomägi

    Index Scriptorium Estoniae

    Sander, Priit, 1973-

    2007-01-01

    Eraettevõtete hindamine Eesti era- ja riskiinvestorite poolt. Riskikapitali hinnakujundamise meetodid. Tabelid: Venture capital valuation issues; Venture capital pricing issues and return. Skeem: The venture capital valuation process in Estonia

  15. Valuation of private companies by Estonian private equity and venture capitalists / Priit Sander, Margus Kõomägi

    Index Scriptorium Estoniae

    Sander, Priit, 1973-

    2007-01-01

    Eraettevõtete hindamine Eesti era- ja riskiinvestorite poolt. Riskikapitali hinnakujundamise meetodid. Tabelid: Venture capital valuation issues; Venture capital pricing issues and return. Skeem: The venture capital valuation process in Estonia

  16. Shell Delays CTL Venture with Shenhua

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    @@ Royal Dutch Shell has recently made a decision to postpone a coal-to-liquids (CTL) joint project with Shenhua Group in the Ningxia Hui Autonomous Region."In a period of economic downturn, we have postponed the project due to a number of reasons," Lira Haw Kuang,Executive Chairman of Shell Companies in China, told the news media in mid April without elaborating. But the company will keep playing an active role in China's coal gasification sector, Lim added.

  17. Small business and entrepreneurial venture in an economic conundrum

    Directory of Open Access Journals (Sweden)

    John Amolo

    2017-05-01

    Full Text Available Does small business add the same value as entrepreneurial venture to an economy? Entrepreneurial ventures are resilient to economic duress, while providing higher quality and quantity of jobs, products and services. A needed entrepreneurial economic omnipresence pervasively stimulates socio-economic mindset in opportunity, rather than resource pursuit. A managed economy is under challenge by a knowledge economy and the policies of the former have become irrelevant for the latter. The unpredictable economic times call for a flexibility associated with an entrepreneurial economy. In this presentation, a literature review was conducted to highlight this conundrum in an economy. The findings are that entrepreneurial ventures have their distinctive features from simply small business enterprise and are better served in an entrepreneurial economy than a managed economy. The significance of an entrepreneurial business and economy for individuals and policy makers alike has never needed an emphasis as in the days of our economic volatility.

  18. Endovascular repair of aortic disease: a venture capital perspective.

    Science.gov (United States)

    Buchanan, Lucas W; Stavropoulos, S William; Resnick, Joshua B; Solomon, Jeffrey

    2009-03-01

    Endovascular devices for the treatment of abdominal and thoracic aortic disease are poised to become the next $1 billion medical device market. A shift from open repair to endovascular repair, advances in technology, screening initiatives, and new indications are driving this growth. Although billion-dollar medical device markets are rare, this field is fraught with risk and uncertainty for startups and their venture capital investors. Technological hurdles, daunting clinical and regulatory timelines, market adoption issues, and entrenched competitors pose significant barriers to successful new venture creation. In fact, the number of aortic endografts that have failed to reach commercialization or have been pulled from the market exceeds the number of Food and Drug Administration-approved endografts in the United States. This article will shed some light on the venture capital mind-set and decision-making paradigm in the context of aortic disease.

  19. Sinopec, BP Joint Hands for a World-Class Acetic Acid Base

    Institute of Scientific and Technical Information of China (English)

    Zhang Zheng

    2005-01-01

    @@ China Petroleum and Chemical Corporation (Sinopec) and British Petroleum Co. PLC (BP),both of them are listed in the world top 500enterprises, have jointed their hands to build a world-class acetic acid production base. On November 3, 2005, Sinopec and BP held a ceremony at the Diaoyutai State Guesthouse to celebrate the establishment of BP YPC Acetyls Company (Nanjing) Ltd., a joint venture. At the ceremony, Chen Tonghai, Chairman of Sinopec Corp., and Lord Browne, Group Chief Executive of BP, unveiled for the Joint Venture Company.

  20. Development of New B2B Venture Corporate Brand Identity

    DEFF Research Database (Denmark)

    Törmälä, Minna; Gyrd-Jones, Richard I.

    2017-01-01

    The development and role of brand identity in new B2B ventures is not well explored despite the challenge for such organisations in establishing reputational legitimacy. Previous research defines corporate brand identity as stable and endogenous to the organisation based either on the reputational...... of interviews and archival data generated during a three-year period to examine the development of corporate brand over time. This study shows that the development of corporate brand identity and the context of the development of new B2B venture are closely intertwined processes and provides a framework...

  1. DTU-team vinder kategori i VentureCup 2015

    DEFF Research Database (Denmark)

    Lassen, Lisbeth

    2015-01-01

    Teamet EDS, Ecological Disposal Systems, har vundet kategorien Cleantech & Environment i VentureCup’s årlige konkurrence StartUp Competition, og som vinder går holdet videre sammen med de andre vindere til University Startup World Cup som afholdes i København i midten af september.......Teamet EDS, Ecological Disposal Systems, har vundet kategorien Cleantech & Environment i VentureCup’s årlige konkurrence StartUp Competition, og som vinder går holdet videre sammen med de andre vindere til University Startup World Cup som afholdes i København i midten af september....

  2. Internationalization of high-technology ventures from emerging economies

    DEFF Research Database (Denmark)

    Turcan, Romeo V.

    This paper aims to contribute towards filling in the gap in the international entrepreneurhsip literature by exploring how and why new high-technology ventures internationalize from an emerging economy, namely Moldova. To address the above research questions, a multiple-case study strategy...... was adopted for the purpose of theory building, relying on purposeful sampling the logic and power of which lie in selecting information-rich cases for study in depth. Six international new ventures were identified through the Moldovan Association of Private ICT Companies. Data were collected using two...

  3. Issues and Challenges on Venturing into Facebook Commerce

    Directory of Open Access Journals (Sweden)

    Caroline Sumathi

    2015-08-01

    Full Text Available The study examines the challenges encountered by small entrepreneurs when venturing into Facebook commerce. Social media has revolutionized not only our daily lives, but also the business world. This study involved 50 small entrepreneurs and adopted mixed method of quantitative and qualitative designs to collect data. The study revealed that lack of IT knowledge and set of cost significantly affected the respondents ‘decision to venture into Facebook commerce. However, many small entrepreneurs are also found to be interested in Facebook commerce.

  4. The Founding Years of the International New Venture

    DEFF Research Database (Denmark)

    Rasmussen, Erik Stavnsager; Servais, Per; Madsen, Tage Koed

    2007-01-01

    Several studies have focused on International New Ventures; smaller, entrepreneurial firms which adopt a global focus from the beginning and operate in international markets from the earliest day of their establishment. In this paper we intend to focus on the founding years of the International New...... differences can be seen in their internationalization and in the development in the first three years. The complexity of the internationalization of the International New Ventures is e.g. high compared with other types of international firms....

  5. Collusion through joint R&D: an empirical assessment

    NARCIS (Netherlands)

    Duso, T.; Röller, L.H.; Seldeslachts, J.

    2014-01-01

    This paper tests whether upstream R&D cooperation leads to downstream collusion. We show that a sufficient condition for identifying collusive behavior is a decline in the market share of firms participating in research joint ventures (RJVs). Using information from the U.S. National Cooperation Rese

  6. The Importance of Venture Capital Financing System in Financing Entrepreneurship: Applications in Turkey

    OpenAIRE

    Erkan Poyraz; Yusuf Tepeli

    2016-01-01

    The prominent concept of venture capital is examined as a financing model to the financing of entrepreneurship according to related literature. Venture capital is used with success in developed countries for a long time. Venture capital is a modern financing model that allows entrepreneurs to perform dynamic, creative, and innovative investment ideas as well as management, marketing and business support without requesting financial strength from those entrepreneurs. However, venture capital h...

  7. Public policy for start-up entrepreneurship with venture capital and bank finance

    DEFF Research Database (Denmark)

    Keuschnigg, Christian; Nielsen, Søren Bo

    2003-01-01

    This paper proposes and analyses a model of start-up investment. Innovative entrepreneursare commercially inexperienced and can benefit from venture capital support. Only part ofthem succeed in matching with a venture capitalist while the rest must resort to standard bankfinance. We consider a nu...... a number of policies to promote entrepreneurship and venture capitalbacked innovation.JEL Classification: D82, G24, G28, H24.Keywords: venture capital bank finance, matching, moral hazard, public policy....

  8. Public policy for start-up entrepreneurship with venture capital and bank finance

    DEFF Research Database (Denmark)

    Keuschnigg, Christian; Nielsen, Søren Bo

    2003-01-01

    This paper proposes and analyses a model of start-up investment. Innovative entrepreneursare commercially inexperienced and can benefit from venture capital support. Only part ofthem succeed in matching with a venture capitalist while the rest must resort to standard bankfinance. We consider...... a number of policies to promote entrepreneurship and venture capitalbacked innovation.JEL Classification: D82, G24, G28, H24.Keywords: venture capital bank finance, matching, moral hazard, public policy....

  9. Diretrizes curriculares para o curso de pedagogia

    OpenAIRE

    Vieira. Suzane da Rocha

    2007-01-01

    Dissertação (mestrado) - Universidade Federal de Santa Catarina, Centro de Ciências da Educação. Programa de Pós-Graduação em Educação. Este trabalho discute as Diretrizes Curriculares Nacionais para o Curso de Pedagogia # Resolução CNE/CP n. 1/06 (BRASIL, 2006b) # expedidas em 15 de maio de 2006. O estudo se articula às pesquisas dedicadas à reforma da formação inicial de professores da Educação Básica, implementada durante os anos de 1990, em especial após a Lei n. 9394/96 (BRASIL, 1996...

  10. Building new businesses through corporate venturing at the danish NKT group

    DEFF Research Database (Denmark)

    Skat-Rørdam, Peter

    2005-01-01

    An in depth case study of how the danish NKT group used corporate venturing over a 25 year period to build new businesses. The study provides insights on purposes, drivers and results of corporate venturing and examines factors contributing to venture success and failure....

  11. Social Capital in the Internationalization of Knowledge-Intensive new Ventures

    DEFF Research Database (Denmark)

    Madsen, Henning; Neergaard, Helle

    2005-01-01

    -based ventures. It is based on survey data provided by 98 entrepreneurs and in-depth interviews with the founders of 24 ventures in the Danish IT/communication and biotech/medico industries. The paper focuses on contrasting new ventures already operating on the international scene with those that have...

  12. Venture Growth - New Findings From a Multilevel Perspective - Introduction to the Focus Issue on Growth

    NARCIS (Netherlands)

    Harms, Rainer; Scillitoe, Joanne L.

    2010-01-01

    New venture growth is an important research topic. Past research suggests that growing young ventures play a critical role in local, regional and national economies through the creation of jobs, the generation of profits and the development of innovations. Questions regarding how ventures grow,

  13. REGIONAL VENTURE FUND OF THE URAL FEDERAL DISTRICT: CREATION AND STRATEGY OF DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    N.A. Victorov

    2007-03-01

    Full Text Available The article describes both types of Russian venture funds and forms of the state participation in venture investment. Besides, the article mentions the scheme of regional venture fund creation in Ural district, principles of its participants` interaction and some management issues. Moreover, we can see here the fund's development which includes market, technological, integration and investment components.

  14. Teaching the Attributes of Venture Teamwork in Tertiary Entrepreneurship Programmes

    Science.gov (United States)

    Kotey, Bernice

    2007-01-01

    Purpose: The paper seeks to demonstrate the characteristics of group work that are required to teach the attributes of real world venture teamwork in tertiary entrepreneurship programmes. Design/methodology/approach: One-tailed Spearman correlation analysis is used to assess the associations between students' grades in four group assessment tasks…

  15. Export Orientation among New Ventures and Economic Growth

    NARCIS (Netherlands)

    S.J.A. Hessels (Jolanda); A.J. van Stel (André)

    2007-01-01

    textabstractWhile it is generally acknowledged that entrepreneurship as well as export activity may both be important strategies for achieving national economic growth, it has remained unclear how export activity among new ventures is related to economic growth. This paper investigates whether the p

  16. Lock-In Agreements in Venture Capital Backed UK IPOs

    NARCIS (Netherlands)

    Espenlaub, S.; Goergen, M.; Khurshed, A.; Renneboog, L.D.R.

    2002-01-01

    This paper examines the impact of venture-capital backing of UK companies issuing shares at flotation on the characteristics of the lock-in agreements entered into by the existing shareholders, and on the abnormal returns realised around the expiry of the directors' lock-in agreements.The study

  17. Social capital of venture capitalists and start-up funding

    NARCIS (Netherlands)

    O.T. Alexy (Oliver); J.H. Block (Jörn); P.G. Sandner (Philipp); A.L.J. Ter Wal (Anne)

    2012-01-01

    textabstractHow does the social capital of venture capitalists (VCs) affect the funding of start-ups? By building on the rich social capital literature, we hypothesize a positive effect of VCs' social capital, derived from past syndication, on the amount of money that start-ups receive. Specifically

  18. Spatial Collocation and venture capital in the US biotechnology industry

    NARCIS (Netherlands)

    Kolympiris, C.; Kalaitzandonakes, N.; Miller, D.

    2011-01-01

    Biotechnology firms operate in a high-risk and high-reward environment and are in a constant race to secure venture capital (VC) funds. Previous contributions to the literature show that the VC firms tend to invest locally in order to monitor their investments and to provide operating assistance to

  19. E-Commerce New Venture Performance: How Funding Impacts Culture.

    Science.gov (United States)

    Hamilton, R. H.

    2001-01-01

    Explores the three primary methods of funding for e-commerce startups and the impact that funding criteria have had on the resulting organizational cultures. Highlights include self-funded firms; venture capital funding; corporate funding; and a table that compares the three types, including examples. (LRW)

  20. Regional Opportunities and Policy Initiatives for New Venture Creation

    NARCIS (Netherlands)

    I. Verheul (Ingrid); M.A. Carree (Martin); E. Santarelli (Enrico)

    2007-01-01

    textabstractThis paper investigates the determinants of new venture creation across industries and locations for 103 Italian provinces between 1997 and 2003. We allow for differences in regional opportunities across industries and investigate the impact of a range of factors on entrepreneurship in d