The present study estimates demand and supply functions of the UK market for 25-year maturity unitlinked (UL) personal pensions for the years 1998 to 2000. It exploits the unique information contained in the PIA disclosure surveys on reduction in yields and new business. The results suggest the popular view about the business of life offices “insurance products are sold, not bought” does not me...

Linking Business and IT into one Governance Model is seen as a key enabler for ongoing business process and system landscape optimization. During the past month, environmental changes occurred, whereby focus cost and leveraging best practice is underlined by ideas to simplify. 1 Phase of Orientation SOA (Service Oriented Architecture) was in one way or the other always existent. Everyone went c...

This study investigates the role that financial analysts played in the 1994 restructuring of UAL Corporation (parent of United Air Lines). Under the restructuring employees agreed to $4.9 billion in wage and benefit concessions in exchange for 55% of UAL stock and seats on the board of directors. Although UAL’s shareholders eventually realized huge wealth gains, for almost two years after the t...

Enterprise engineering is the application of engineering principles to the design, restructuring and operation of enterprises and their cooperation with other enterprises. It allows deriving the Enterprise Architecture from the enterprise goals and strategy and aligning it with the enterprise resources. Enterprise architecture [1] [2] aims (i) to understand the interactions and all kind of arti...

This article describes how a product configuration system may be used to facilitate the creation of a global business infrastructure. Product configuration systems specifically and information management systems generally are shown to underpin post-merger business process re-engineering. They are critical during integration of regional businesses into a single global organisation. The post-merg...

PKPU has a goal to improve the company from an economic standpoint and company's ability as debtor make profit, with this step it is hoped that can pay off its obligations. Settlement not defined by Law Number 37 of 2004 concerning Bankruptcy Suspension Debt Payment Obligations (hereinafter referred PKPU). However, in case general understanding normalized Article 222 principle reconciliation pl...

Taiwan economy has always been export-oriented, creating tightly-linked industrial chains between cross-straits companies tightly. Understanding the influence of transforming industrial patterns of major economic entities would be critical for long-term cooperative small economic entities (countries or regions) in the periphery. The author of this paper has thus analyzed the influences and ...

Reallocation is an equilibrium phenomenon. Economic restructuring is ceaseless and is a critical aspect of economic activity. This has been recognized at least since Schumpeter who emphasized the need for constant restructuring and coined the term creative destruction (see, e.g., Schumpeter (1942)). Reallocation is not frictionless however, and the impediments to reallocation and their macroeco...