32 resultados para Bank La Chapelle


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A View into the World of Kitchen: Development and retention of a leading position in the market of kitchen interiors - a case study of 20 years. This study focuses on the development of a kitchen interiors company, presently called Novart Inc., into the leading company of the industry from 1980´s to the present. The objective of the study is to describe the effects of strategic choices, the decisions of the management and the owner´s direction and control to the build up and the retaining of the leading position in the market. From theory point of view, strategic choices refer to com-pany purchases as corporate-level strategies, and business and marketing strategies. The empirical research was carried out in two phases and it is based on various company documents and records, and on the intensive interviews of seven key executives in the company. An abductive research design was utilized. The company gained the leading position in the kitchen market in Finland by company purchases, and the company has been able to retain the position. Firstly the goal was to expand to retail market and, secondly, the company has maintained the balance of supply and demand by closing the purchased production units when needed. The simultaneous use of these two strategic goals is a kind of a new observation, and the strategy may be suitable only for market leaders. During the latter part of the research period the strategy of com-pany purchases has been abandoned and the leading position in the market has been main-tained by developing systematically business and marketing capability. In the business and marketing strategies the distribution channels and the brands have been emphasized. During the research period the company has almost totally abandoned the long distribution channels and started to use its own channels built and named after the main brands. These are A la Carte, Parma and Petra. At the moment, in the beginning of the 21st century, a new distribution channel, the concept of the Kitchen World, is being built in addition to the channels mentioned above. The management´s decision making and the implementation the decisions have been well-considered. The executives emphasized the valuing of the importance of the decisions dif-ferently except the two decisions named the most important ones, i.e., the decisions to start own production of the raw material and to concentrate the business only to one company. The executive staff has also succeeded in managing crisis and threats of bankruptcy, and the company has been managed profitable. During all the four terms of ownership: Puolimatka Corporation, the Hankkija/Novera Corporation, the ownership period of the "bank", and the Nobia Corporate the ownership direction and control has been somewhat different. All the owners have paid attention to economic issues. The direction of cash flows and investments was at its strongest during the Hankkija/Novera term. For the last owner Nobia the production and marketing of the kitchen interiors has been the core business, which thus has strengthened the business and marketing capabilities of the target company of this research. A common denominator during all the four terms of ownership has been owners' trust gained by the professional skills of the management of the target company. This has lead to greater independence of the management of the company and less owners´ direction. Keywords: leading position, marketing strategy, management decisions, acquisition, corporate governance

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This work analyses texts on indigenous women´s participation in the Mexican Zapatista Army, Ejército Zapatista de Liberación Nacional. The EZLN came to public attention after ten years of clandestine organization in 1994 in Chiapas, a southern state of Mexico neighboring Guatemala. Along the invasion of various municipalities in Chiapas, the Zapatista Army published their own Revolutionary Laws, directed to the Mexican government that included a section on women´s own laws. The indigenous women´s participation in a guerrilla movement in the economically poorest area of Mexico raised many questions among Mexican feminists and some of them fiercely criticized the laws for not being liberating or feminist at all. The question is, did the indigenous women want the laws to be feminist? To answer the main research question How is the position of women constructed in the Zapatista discourse? I analyze texts by various actors in the discourse within the theoretical framework of critical discourse analysis and the feminist theories of intersectionality. The connecting point in this interdisciplinary framework is the question of power and hegemony. The actors in the discourse are the women commanders themselves, the men commanders, the Zapatista spokesperson, subcomandante Marcos and the Mexican feminists. The texts analyzed are the letters of the EZLN to the media and discourses in public reunions, first published in Mexican newspapers and international discussion lists on the Internet and after 2005, on the Zapatista´s own webpage. The results show that instead of discussing whether the Zapatista women´s participation is feminist or not, the action itself provoked such wide discussion of the diversity within the feminist movement that it is a contribution itself. The work also shows that the use of language can be one tool in the quite recent paradigm of intersectionality in feminist theories.

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"The genetic diversity of Puumala hantavirus (PUUV) was studied in a local population of its natural host, the bank vole (Myodes glareolus). The trapping area (2.5x2.5 km) at Konnevesi, Central Finland, included 14 trapping sites, at least 500 m apart; altogether, 147 voles were captured during May and October 2005. Partial sequences of the S, M and L viral genome segments were recovered from 40 animals. Seven, 12 and 17 variants were detected for the S, M and L sequences, respectively; these represent new wild-type PUUV strains that belong to the Finnish genetic lineage. The genetic diversity of PUUV strains from Konnevesi was 0.2-4.9% for the S segment, 0.2-4.8% for the M segment and 0.2-9.7% for the L segment. Most nucleotide substitutions were synonymous and most deduced amino acid substitutions were conservative, probably due to strong stabilizing selection operating at the protein level. Based on both sequence markers and phylogenetic clustering, the S, M and L sequences could be assigned to two groups, 'A' and 'B'. Notably, not all bank voles carried S, M and L sequences belonging to the same group, i.e. SAMALA or SBMBLB.. A substantial proportion (8/40, 20%) of the newly characterized PUUV strains possessed reassortant genomes such as SBMALA, SAMBLB or SBMALB. These results suggest that at least some of the PUUV reassortants are viable and can survive in the presence of their parental strains."

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"In this study, for the first time, two distinct genetic lineages of Puumala virus (PUUV) were found within a small sampling area and within a single host genetic lineage (Ural mtDNA) at Pallasjarvi, northern Finland. Lung tissue samples of 171 bank voles (Myodes glareolus) trapped in September 1998 were screened for the presence of PUUV nucleocapsid antigen and 25 were found to be positive. Partial sequences of the PUUV small (S), medium (M) and large (L) genome segments were recovered from these samples using RT-PCR. Phylogenetic analysis revealed two genetic groups of PUUV sequences that belonged to the Finnish and north Scandinavian lineages. This presented a unique opportunity to study inter-lineage reassortment in PUUV; indeed, 32% of the studied bank voles appeared to carry reassortant virus genomes. Thus, the frequency of inter-lineage reassortment in PUUV was comparable to that of intra-lineage reassortment observed previously (Razzauti, M., Plyusnina, A., Henttonen, H. & Plyusnin, A. (2008). J Gen Virol 89, 1649-1660). Of six possible reassortant S/M/L combinations, only two were found at Pallasjarvi and, notably, in all reassortants, both S and L segments originated from the same genetic lineage, suggesting a non-random pattern for the reassortment. These findings are discussed in connection to PUUV evolution in Fermoscandia."

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Rencontre entre le Sud et le Nord Depuis des siècles, les pays méditerranéens ont entretenu des relations actives avec le Nord de l’Europe. Les regions du Nord ont été conquises et converties, manipulées et colonisées, mais aussi intégrées dans les réseaux commerciaux, scientifi ques, culturels et touristiques. Les voyageurs du Sud de l’Europe ont peu à peu découvert les regions plurielles du Nord de la Finlande, de la Suède, de la Norvège et de la presqu’île de Kola. L’attraction focntionnait aussi dans l’autre sens. Pour les gens du Nord, scientifi ques ou artistes, le Sud de l’Europe constituait une destination aussi exotique aue la Laponie pour ceux du Sud. Dans ce recueil, nous proposons dix points de vue sur ces échanges et réseaux entre la Sud et le Nord. Le premier chapitre présente Tornio, connue très tôt comme la porte de la Laponie, les premières relations scientifi ques entre le Nord et le Sud, ainsi que les exhibitions de Samis dans les métropoles européennes. Le deuxième chapitre propose une analyse des experiences et des impressions de voyageurs italiens, espagnols et français. Le dernier chapitre est consacré aux voyages d’artistes et écrivains fi nlandais en France, principalement à Paris. Ces rencontres entre le Sud et le Nord qui participèrent à la remise en cause, la relativisation et la construction des identities nationals et ethniques, permirent aussi de créer une conscience européenne commune.

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Banks are important as they have a central role in the financial system, where funds are channelled either through financial intermediaries, such as banks, or through financial markets, hence promoting growth in any economy. Recently, we have been reminded of the drawbacks of the central role of banks. The current financial crisis, which started out as a sub-prime mortgage crisis in the US, has become a global financial crisis with substantial impact on the real economy in many countries. Some of the roots to the current financial crisis can be sought in the changing role of banks and in bank corporate governance. Moreover, the substantial revitalising measures taken have been justified by the central role of banks. Not only are banks important, they are also very special. The fact that banks are regulated in conjunction with greater opacity, make bank corporate governance different from corporate governance in non-bank companies. Surprisingly little is, however, known about bank corporate governance, in particularly, in a European setting. Hence, the objective of this doctoral thesis is to provide new insights in this research area by examining banks from 37 different European countries. Each of the three essays included in the doctoral thesis examines a particular aspect of bank corporate governance. In the first essay the interaction between the regulatory environment a bank operates in and its ownership structure is explored. Indicators of the severity of the moral hazard problem induced by the deposit insurance system and implicit too-big-to-fail government guarantee, particular features of deposit insurance systems as well as legal protection of shareholders, legal origin of a country and level of integration to the European community are used in the analysis. The empirical findings confirm previous findings on the link between legal protection of shareholders and ownership structure. Moreover, they show that differences in deposit insurance system features can explain some of the differences in ownership structure across European banks. In the second essay the impact of management and board ownership on the profitability of banks with different strategy is examined. The empirical findings suggest that the efficiency of these two particular corporate governance mechanisms varies with the characteristics of the agency problem faced by the bank. More specifically, management ownership is important in opaque non-traditional banks, whereas board ownership is important in traditional banks, where deposit insurance reduces the monitoring incentives of outsiders. The higher profitability does, however, go together with higher risk. In the third essay the profitability and risk of commercial, savings and cooperative banks are compared. The empirical findings suggest that distinct operational and ownership characteristics rather than only the mere fact that a bank is a commercial, savings or cooperative bank explain the profitability and risk differences. The main insight from the three essays is that a number of different aspects should be addressed simultaneously in order to give the complexity of bank corporate governance justice.

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We characterize the optimal reserves, and the generated probability of a bank run, as a function of the penalty imposed by the central bank, the probability of depositors’ liquidity needs, and the return on outside investment opportunities.

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In Aztec mythology and religion, Xipe Totec ("our lord the flayed one") was a life-death-rebirth deity, god of agriculture, vegetation, the east, disease, spring, goldsmiths, silversmiths and the seasons. The music used for his worship has been described by a diversity of documents (carved stones, depicted codices, and chronicles made by the first European friars arrived to Mexico). This article explores the symbolic content of these descriptions, especially in association with Xochipilli Macuilxochitl, master of music and poetry.

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Lecture about the teponaztli (a specific type of slit drum), traditionally used by the Aztec (or Mexica) people, and its associated repertoire. Special attention is paid to the usage of this instrument in the Cantares Mexicanos (a song compilation from the 16th century) accompaniment.

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Pro gradu -työni käsittelee ranskalaisen nykykirjallisuuden yhteiskunnallista suuntausta, jota kirjallisuudentutkija Ruth Cruickshank kutsuu fin de millénaire -kirjallisuudeksi. Tutkimani teokset ovat Frédéric Beigbederin Au secours pardon (2007), Marie Darrieussecqin Truismes (1996) ja Michel Houellebecqin La Possibilité d'une île (2005). Pohdin, millaisena ja millaisin keinoin teokset kuvaavat seksuaalisuutta ja sen tulevaisuudennäkymiä kulutusyhteiskunnassa, ja millaisiin yhteiskunnallisiin olosuhteisiin niiden havainnot perustuvat. Hahmottelen reittejä, joita pitkin globaalin mittakaavan yhteiskunnalliset muutokset vaikuttavat ihmisten intiimeihin tunteisiin ja ihmissuhteisiin. Seksuaalisuuden tarkastelun avulla osoitan, että ranskalaisessa nykykirjallisuudessa ilmenee varsin yhteneviä näkemyksiä ja uhkakuvia aikamme sosiaalisesta todellisuudesta. Tällä tavoin tarkennan ja vankennan vielä hajanaista fin de millénaire -käsitettä. Fin de millénaire -kirjallisuuden oma lajityyppi on massakulttuurin, esimerkiksi viihteen ja mainosten, kielestä vaikutteita ammentava dystopian ja satiirin liitto. Kuten Cruickshank kirjoittaa, fin de millénaire -kirjallisuus heijastaa Ranskassa vuosituhannen vaihteessa korostunutta tunnetta käännekohtaan saapumisesta. Dystopian ohella voidaankin puhua myös apokalyptisesta tekstistä, etenkin siksi, että teokset tarjoavat niukasti ratkaisuja kuvaamiinsa ongelmiin. Eritoten Houellebecqin ja Beigbederin teokset käsittelevät tarpeiden luomista kuluttajille seksuaalivietin ja seksuaalisen kilpailun avulla. Kutsun tätä järjestelmää halutaloudeksi, ja käytän sen toiminnan analysoimisessa apuna Michel Foucault'n käsityksiä vallasta ja Jean Baudrillardin käsityksiä kulutusyhteiskunnasta. Halutalouden sosiaalisia seurauksia ovat vieraantuminen, seksuaalisten hierarkioiden jyrkentyminen ja valinnanvapauden kaventuminen. Teosten kuvaamassa yhteiskunnassa erilaiset esimerkiksi sukupuolen, iän ja ulkonäön perusteella rakentuvat seksuaaliset hierarkiat käyvät yhä merkittävämmiksi. Au secours pardon ja La Possibilité d'une île kuvaavat tapahtumaketjua, jossa etenkin heteromiehistä yhä useampi luisuu seksuaaliseen kurjuuteen muun muassa naisten emansipaation sekä yleisen nuoruuden ja kauneuden palvonnan myötä. Truismesissa taas kuvitellaan yhteiskunta, johon feminismi ei ole päässyt vaikuttamaan mutta pornoistuminen on; naisten ruumiista on tullut miesten yhteistä omaisuutta ja seksuaalinen väkivalta on arkipäivää. Sen maailmassa viehättävä ulkonäkö on naisille miltei elinehto. Yleistäen Houellebecqin ja Beigbederin teokset edustavat miesnäkökulmaa ja Darrieussecqin teos naisnäkökulmaa. Teosten näkemyksiä naisten ja miesten välisistä valtasuhteista pohdin naisten seksuaalisesta vallasta kirjoittaneen Henry Laasasen käyttökelpoisten käsitteiden avulla. Kolmea teosta yhdistävät kuvaukset kulttuurista, jossa ihmissuhteet ovat kaupankäyntiä ja seksuaalinen viehätysvoima määrittelee ihmisen arvon. Darrieussecqin teos on lähitulevaisuuteen sijoittuva dystopia, jossa Beigbederin ja Houellebecqin kuvaama arvoliberalismia ja taloudellista liberalismia yhdistävä kulttuuri on vaihtunut uuskonservatiiviseen ja kaksinaismoralistiseen, naisia räikeästi sortavaan yhteiskuntaan. Teoksen kertoja vähättelee itseensä kohdistuvia koskemattomuuden loukkauksia ja pahoittelee kertomuksensa käänteiden säädyttömyyttä varsinkin kuvatessaan omaa haluaan ja seksuaalista subjektiuttaan. Katson teoksen kritisoivan kirjallisuudentutkija Shirley Ann Jordanin termein poliittisen korrektiuden tyranniaa ja peräänkuuluttavan suoraa puhetta pornografiasta ja naisen halusta. Seksuaalisuus toimii tutkimuksessani lähtökohtana, jonka avulla teoksista nousee esiin julma ja rakkaudeton, säälimättömän kilpailun ja väkivallan täyttämä yhteiskunta. Viime kädessä teosten kuvaama maailmanloppu on se, että rakkaus katoaa ihmisten välisistä suhteista, koska rakkaudessa ei ole voiton tavoittelun kannalta mitään järkeä. Satiirin keinojen, kuten päättymättömän ja monikerroksisen ironian, yhdistyminen dystopiaan pelastaa teokset osoittelevalta moralisoinnilta ja tekee niistä toimivaa yhteiskunnallista kirjallisuutta.

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This thesis studies the interest-rate policy of the ECB by estimating monetary policy rules using real-time data and central bank forecasts. The aim of the estimations is to try to characterize a decade of common monetary policy and to look at how different models perform at this task.The estimated rules include: contemporary Taylor rules, forward-looking Taylor rules, nonlinearrules and forecast-based rules. The nonlinear models allow for the possibility of zone-like preferences and an asymmetric response to key variables. The models therefore encompass the most popular sub-group of simple models used for policy analysis as well as the more unusual non-linear approach. In addition to the empirical work, this thesis also contains a more general discussion of monetary policy rules mostly from a New Keynesian perspective. This discussion includes an overview of some notable related studies, optimal policy, policy gradualism and several other related subjects. The regression estimations are performed with either least squares or the generalized method of moments depending on the requirements of the estimations. The estimations use data from both the Euro Area Real-Time Database and the central bank forecasts published in ECB Monthly Bulletins. These data sources represent some of the best data that is available for this kind of analysis. The main results of this thesis are that forward-looking behavior appears highly prevalent, but that standard forward-looking Taylor rules offer only ambivalent results with regard to inflation. Nonlinear models are shown to work, but on the other hand do not have a strong rationale over a simpler linear formulation. However, the forecasts appear to be highly useful in characterizing policy and may offer the most accurate depiction of a predominantly forward-looking central bank. In particular the inflation response appears much stronger while the output response becomes highly forward-looking as well.