Estimating the Value of Structuring in Segmented Markets Case of Collateralized Mortgage Obligations

2007 ◽  
Author(s):  
Devendra R. Canchi ◽  
Sachin Mehta
Keyword(s):  
Segmented Markets ◽  
Collateralized Mortgage Obligations

Mutual Fund Return Predictability in Partially Segmented Markets

2011 ◽  
Author(s):  
Ayelen Banegas ◽  
Benjamin J. Gillen ◽  
Allan G. Timmermann ◽  
Russ R. Wermers
Keyword(s):  
Mutual Fund ◽  
Return Predictability ◽  
Segmented Markets ◽  
Fund Return

scholarly journals Speculation and Hedging in Segmented Markets

2013 ◽  
Vol 27 (3) ◽  
pp. 881-922 ◽  
Author(s):  
Itay Goldstein ◽  
Yan Li ◽  
Liyan Yang
Keyword(s):  
Segmented Markets

Differences between end user innovators and embedded user innovators in diffusion channel selection: the moderating role of technological advances

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Xin Yu
Keyword(s):  
Channel Selection ◽  
Business Success ◽  
End User ◽  
Online Questionnaire ◽  
Diffusion Channel ◽  
Content Type ◽  
Segmented Markets ◽  
Technological Advances ◽  
Moderating Role

PurposeIn heterogeneously segmented markets, collaborating with product users in product innovation is important for business success. End user innovators and embedded user innovators differ in terms of their prior embeddedness in the target industry. The purpose of this study is twofold. First, the authors empirically compare these two types of user innovators in terms of their diffusion channel selection. Second, the authors analyze how the technological advances of their innovations affect this difference.Design/methodology/approachUsing an online questionnaire survey, this study collected a sample of 237 user-generated innovations in Japan and analyzed several hypotheses using quantitative statistical approaches.FindingsThe analysis shows that embedded user innovators are more likely than end user innovators to transfer their innovations to producers rather than peers. As the technological advances of their innovations increase, end user innovators' likelihood of transferring their innovation to producers increases more significantly than that of embedded user innovators.Originality/valueThis is the first paper to investigate the difference between end user innovators and embedded user innovators with respect to their diffusion channel selection as well as the moderating role of technological advances. The findings bring new perspectives to the domains of user–producer collaboration and technology transfer.

Do generous trade credit terms provide a competitive edge?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Dmytro Osiichuk ◽  
Paweł Wnuczak
Keyword(s):  
Product Differentiation ◽  
Trade Credit ◽  
Negative Relationship ◽  
Growth Enhancement ◽  
Firm Level ◽  
Supplier Relationships ◽  
Content Type ◽  
Segmented Markets ◽  
Industry Competition ◽  
Dynamic Panel Regression

PurposeThe authors document a persistent negative link between contemporaneous trade credit provision and subsequent firm-level operating performance.Design/methodology/approachTextual analysis of firms' profile descriptions is used to study the role of market segmentation and product differentiation in intermediating the nexus between trade credit and corporate performance. The paper relies on dynamic panel regression modeling to investigate the postulated empirical relationships. This approach allows to address endogeneity issues and to test a number of different model specifications.FindingsDespite fueling short-term sales growth, the more generous trade credit terms are found to be associated with lower post hoc margins and declining overall business profitability. The market share is not affected by firms' proclivity to provide trade credit suggesting that the latter may not be effectively used as a long-term growth enhancement strategy. Firms' similarity to their competitors is found to play a salient role in altering the magnitude of the discovered negative relationship.Originality/valueThe authors find that the intensity of intra-industry competition measured by firms' similarity to their competitors magnifies the discovered negative trade credit-performance nexus. Therefore, generous trade credit may play a more important role in solidifying client–supplier relationships on the more segmented markets with a higher degree of product differentiation.

Export-Led Growth in Latin America: 1870–1930

1992 ◽  
Vol 24 (S1) ◽  
pp. 163-179 ◽  
Author(s):  
Roberto Cortés Conde
Keyword(s):  
Latin America ◽  
Latin American ◽  
Division Of Labour ◽  
Terms Of Trade ◽  
United Nations Economic Commission ◽  
Export Sector ◽  
Segmented Markets ◽  
Primary Products ◽  
Economic Commission ◽  
Technological Improvements

In 1949 Raúl Prebisch, an Argentine economist, published a study for the United Nations’ Economic Commission for Latin America (ECLA), in which he attributed the failure to reach sustained economic growth in Latin America to the international division of labour. Based on research carried out by ECLA on the terms of trade between manufactures and primary goods, he concluded that – contrary to expectations – they moved against primary products. If prices decline as productivity increases (in competitive markets), industrial goods, where the technological improvements had been more significant, should have declined in price more than agricultural goods. The empirical results of the study showed the opposite.1 If the Latin American countries therefore wanted to benefit from technological progress, they should move towards industrialisation. Almost at the same time, based on the same empirical study, Hans Singer not only argued that the gains from trade had not been distributed equally, but also that foreign investments in the export sector were not part of the domestic economy, but represented an enclave belonging to the countries of the centre which received its benefits.2 Singer advanced an argument that became popular later on; he noted the existence in the underdeveloped countries of a dual economy with two sectors each with different productivity and segmented markets: a modern sector linked to the central countries and a traditional sector linked to the rest of the economy. Also, from the critics of the classical theory of trade, another argument was put forward: the different income elasticities of demand for manufactures and agricultural goods (Engels’ law) suggested that expenditure on agricultural goods would decline in relative terms as incomes rose, hurting the terms of trade for primary products.3

scholarly journals Walrasian foundations for equilibria in segmented markets

2014 ◽  
Vol 8 (3) ◽  
pp. 249-264 ◽  
Author(s):  
Rohit Rahi ◽  
Jean-Pierre Zigrand
Keyword(s):  
Segmented Markets
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