Opacity in Financial Markets

This paper studies the implications of opacity in financial markets for investor behavior, asset prices, and welfare. Transparent funds (e.g. mutual funds) and opaque funds (e.g. hedge funds) trade transparent assets (e.g. plain-vanilla products) and opaque assets (e.g. structured products). Investors can observe neither opaque funds' portfolios nor opaque assets' payoffs. Consistent with empir…

Membidik pasar Indonesia segmentasi, targeting dan positioning

Krisis masih berlanjut. Daya beli masyarakat Indonesia makin terpuruk. Tak ada cara lain mendekati pasar ini selain melakukan segmentasi, targeting, dan positioning yang tepat, terarah, dan efisien. Itulah saat yang tepat untuk mengevaluasi kembali pasar sasaran Anda. Buku ini secara komprehensif mengulas tentang apa dan bagaimana pasar Indonesia: bagaimana melihat dan memilah-milah pasar, mene…

Blue Ocean strategy: how to Create uncontested market space and make the comp…

Edisi

-

ISBN/ISSN

1591396190

Deskripsi Fisik

xv, 240 p. : ill. ; 26 cm.

Judul Seri

-

No. Panggil

Tan 658.802 Kim b

The Customer has escaped

Every company makes choices about the channels it will use to go to market. For instance, traditionally, customer demographics guided the decision to sell through a discount superstore or a pricey boutique. It was a fair assumption that certain customer types were held captive by certain channels. The problem, the authors say, is that today's customers have become unfettered. As their channel o…

Rating-Based Investment Practices and Bond Market Segmentation

This paper documents a new channel for rating-based bond market segmentation which, in contrast to prior research, is based on non-regulatory asset management practices. A 2005 Lehman Brothers index redefinition provides a quasi-natural experiment in which a number of previously high-yield split-rated bonds were mechanically relabeled as investment grade. Although their regulatory standing was …

Reporting intellectual capital in annual reports: evidence from Indonesia

This exploratory study which replicates the content analysis methodology of Guthrie et all (1999, 2004) towards Intellectual Capital (IC) disclosures in the annual report has set several objectives. Primarily, the empirical investigation assesses the extent to which Indonesian listed companies are publicly reporting their IC both the amount and type of information being reported. Secondly, the …

Integration versus segmentation in Asian financial market: the prospect of re…

This paper draws the prospect of regionalism among financial market in Asia (Indonesia, Malaysia, Philippine, Singapore, China, Hong Kong, Japan and South Korea). The first part examines the correlation among them that lead to regional integration. The second part shows the possibility of integration or segmentation between Asia countries and world. The next part, tries to draw whether last fin…

Reporting Intellectual capital in Annual reports

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Integration Versus Segmentation in Asian finacial Marke: the prospect of reio…

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Predicting new customers' risk type in the credit card market

Recent studies in marketing have consistently shown that all customers are not equally profitable. In the credit card business, all customers are not equally risky. When a customer misses one payment on a credit card bill, a signal is sent to the credit card company. It is important for the card issuer to interpret the signal and to identify whether the customer is a low-risk one, who will even…

A Clusterwise bilinear multidimensional scaling methodology for simultaneous …

The segmentation-targeting-positioning conceptual framework has been the traditional foundation and genesis of marketing strategy formulation. The authors propose a general clusterwise bilinear spatial model that simultaneously estimates market segments, their composition, a brand space, and preference/utility vectors per market segment; that is, the model performs segmentation and positioning …

Money market integration

We use transaction-level data and detailed modeling of the high-frequency behavior of federal funds-Eurodollar spreads to provide evidence of strong integration of the U.S. markets for federal funds and Eurodollars, the two core components of the dollar money market. Our evidence of negligible federal funds-Eurodollar premia contrasts with previous findings of large and predictable premia, whic…

Emergence of captive finance companies and risk segmentation in loan markets:…

A seller with some degree of market power in its product market can earn rents. In this context, there is a gain to granting credit to purchase of the product and thus to the establishment of a captive finance company. This paper examines the optimal behavior of such a durable good seller and its captive finance company. The model predicts a critical difference between the captive finance compa…

Online informediaries and price discrimination: ecidence from the automotive …

This article focuses on a novel mechanism for market segmentation and price discrimination based on consumers' use of online infomediaries. Using the automotive retailing context as the setting for the study, the authors address the following question: Can online infomediaries serve as a viable mechanism for market segmentation and price discrimination? They draw on a unique and extensive data …

Probabilistic subset-conjunctive models for heterogeneous consumers

The authors present two generalizations of conjunctive and disjunctive rules that consumers use when making complex decisions, unfamiliar decisions, and decisions involving large sets of alternatives. The first generalization relaxes the assumption that an acceptable alternative must be satisfactory on all attributes (conjunctive rule) or on at least one attribute (disjunctive rule). The second…

An empirical study of innate consumer innovativeness, personal characteristic…

The relationships between innate consumer innovativeness, personal characteristics, and new-product adoption behavior is explored. To do this, cross-sectional data from a household panel using a structural equation modeling approach is analyzed. The study tests for potential moderating effects using a 2-stage least square estimation procedure. It was found that the personal characteristics of a…

Price-based global market segmentation for services

In business-to-business marketing, managers are often tasked with developing effective global pricing strategies for customers characterized by different cultures and different utilities for product attributes. The challenges for formulating international pricing schedules are especially evident in global markets for service offerings, where intensive customer contact, extensive customization r…

Managing marketing communications with multichannel customers

The authors present a process for managing marketing communications (MARCOM) with multichannel retail customers by leveraging enterprise-level data to understand and predict customers' channel choices over time. The MARCOM process steps are as follows: 1. Estimate a segment level channel choice model. 2. Assign each existing customer to a segment, and profile the segments. 3. Predict the probab…

Multicriterion clusterwise regression for joint segmentation settings: an app…

The authors present a multicriterion clusterwise linear regression model that can be applied to a joint segmentation setting. The model enables the consideration of segment homogeneity, as well as multiple dependent variables (segmentation bases), in a weighted objective function. The authors propose an SA heuristic solution strategy based on simulated annealing and examine trade-offs in the re…

A General choice model for bundels with multiple-category products: applicati…

The attribute-based approach to study customer choices cannot deal with bundles of heterogeneous components, which are usually drawn from different product categories. The comparability-based balance model is developed. The model can be employed for any bundle, regardless of the heterogeneity of bundle components, under a pure bundling strategy. Mixture distributions were used in a hierarchical…