Evolution of Organisational Structure and Capabilities in Internationalising Banks: The CEE Operations of UniCredit's Vienna Office

Cross-border integration is the central management issue for banks that expand internationally, and this is especially true in Central and Eastern Europe, where the pace of internationalisation through mergers and acquisitions has been rapid. A critical challenge in cross-border integration is aligning a multinational company's formal organizational structure with the distribution of capabilities across its subsidiary units, and this issue is explored by tracking the co-evolution of organizational structure and capabilities during the internationalisation of a large banking network into this region. Our focus is the Vienna head office of Bank Austria Creditanstalt, which was acquired first by HypoVereinsbank (Germany) and then UniCredit (Italy). Despite its formal role being downgraded during these changes, the unit continued to develop its distinctive capabilities. The key insight our article offers is that managing cross-border integration is not simply about recognizing the value of the distinctive capabilities of individual units and designing formal structures that successfully align with them. It is also about understanding the need for dynamic interaction between formal corporate structure and individual units' desires to retain power and influence, which have significant implications for the development of their organizational capabilities.

Análisis del proceso de consolidacion de la zona de integración fronteriza entre el departamento de Norte de Santander (Colombia) y el Estado de Táchira (Venezuela) en el periodo de 1987 al 2007.

El presente caso de estudio, tiene el propósito de analizar el proceso de consolidación de la ZIF Táchira-Norte de Santander, con el fin de demostrar que los procesos de integración local y binacional, así como también, sus aspectos Políticos, económicos y jurídicos, Inciden e influyen significativamente en la creación de mecanismos de integración supranacional. En este caso, la creación de una ZIF Táchira-Norte de Santander bajo el marco supranacional de la Comunidad Andina de Naciones.

Caracterización del fenómeno de regionalización en zonas de frontera: El caso de la configuración de la región urbana Cúcuta - Ureña en los límites entre Venezuela y Colombia entre los años 1959 y 2010 a raíz del tratado suscrito por ambas partes “Tratado de Tonchalá” (1959)

Este trabajo, es un estudio de caso que pretende caracterizar el proceso de integración binacional en la región fronteriza entre el Departamento de Norte de Santander Colombia y el Estado Táchira Venezuela, más específicamente en la zona de aglomeración humana de San José de Cúcuta (Col) – Pedro María Ureña (Ven), intentando contribuir a la construcción de un modelo explicativo que dé cuenta de la importancia de la participación de los Estados en los procesos de desarrollo e integración de las fronteras.

Las fronteras intra-andinas: avances y retrocesos (Otros Temas)

El artículo analiza el proceso de integración fronteriza en la CAN partiendo de sus antecedentes y señalando las fortalezas y debilidades que lo han acompañado. La autora realiza un análisis de la importancia que el tema tiene para Colombia debido a que es este país el que más fronteras andinas comparte y el que presenta un intenso conflicto cuyos efectos se sienten en los países vecinos. Finalmente formula algunas sugerencias para el manejo de los asuntos fronterizos en la CAN a corto, mediano y largo plazo.

A tríplice fronteira Brasil, Colômbia e Peru: limites e desafios de cooperação e integração da região fronteiriça, com ênfase nos anos 2006-2011

Pós-graduação em Relações Internacionais (UNESP - UNICAMP - PUC-SP) - FFC

Capital Markets Union: a vision for the long term. Bruegel Policy Contribution ISSUE 2015/05 April 2015

Capital Markets Union (CMU) is a welcome initiative. It could augment economic risk sharing, set the right conditions for more dynamic development of risk capital for high-growth firms and improve choices and returns for savers. This offers major potential for benefits in terms of jobs, growth and financial resilience. • CMU cannot be a short-term cyclical instrument to replace subdued bank lending, because financial ecosystems change slowly. Shifting financial intermediation towards capital markets and increasing cross-border integration will require action on multiple fronts, including increasing the transparency, reliability and comparability of information and addressing financial stability concerns. Some quick wins might be available but CMU’s real potential can only be achieved with a long-term structural policy agenda. • To sustain the current momentum, the EU should first commit to a limited number of key reforms, including more integrated accounting enforcement and supervision of audit firms. Second, it should set up autonomous taskforces to prepare proposals on the more complex issues: corporate credit information, financial infrastructure, insolvency, financial investment taxation and the retrospective review of recent capital markets regulation. The aim should be substantial legislative implementation by the end of the current EU parliamentary term.

Integracja europejska w mikroperspektywie. Graniczne miasta blizniacze w Europie Zachodniej i Srodkowo-Wschodniej

The dynamization of integration processes in Europe has generated numerous research topics for political analysis. Border integration is an expression of the broader unification processes of certain structures. It is also a manifestation of the observation that people think globally, but function locally. The European integration perspective is therefore practically implemented in micro structures, exemplified by border twin towns. The objective of this paper is to revive the micro perspective as a useful approach in the investigation of integration processes. This perspective is applied in the field of border studies, which focus on research into the transformation of European borders resulting from integration processes, as well as on the transformations of the concepts of statehood, territoriality and sovereignty. It is assumed that these phenomena are definitely more observable at the outskirts of states than in their centers. Theoretical and empirical considerations are based on the example of border twin towns, as the European units of local government that integrate across borders. The main differences between the integration of towns in Western Europe and Central and Eastern Europe are also indicated in the analysis.

Cultural differences and capability transfer in cross-border acquisitions: the mediating roles of capability complementarity, absorptive capacity, and social integration

This paper presents an integrative model of the impact of cultural differences on capability transfer in cross-border acquisitions. We propose that cultural differences affect the post-acquisition capability transfer through their impact on social integration, potential absorptive capacity, and capability complementarity. Two dynamic variables – the use of social integration mechanisms, and the degree of operational integration of the acquired unit – are proposed to moderate the effects of cultural differences on social integration and potential absorptive capacity. The implications for acquisition research and practice are discussed.

Resolución 423(XIX): Integración física de América Latina mediante la interconexión hidrográfica del Orinoco, el Amazonas y el Plata y la carretera boliviariana marginal de la selva = Résolution 423(XIX): Physical integration of Latin America through the hydrographic interconnexion of the Orinoco, Amazonean River Plate and the trans-jungle border highway of the Bolivarian Nations = Resolution 423(XIX): Intégration physique de l'Amérique latine moyennant l'interconnexion hidrographique des bassins de l'Orénoque, l'Amazone et le Plata, et la construction de la route bolivarienne en bordure de la forêt vierge

Publicado separadamete en cada idioma

The Border Management Programme in Central Asia: Explaining the European Union's Choice of Implementing Partners. Bruges Regional Integration & Global Governance Papers 3/2014

Between 2003 and 2014 the European Union’s (EU) Border Management Programme in Central Asia was implemented by the United Nations Development Programme (UNDP). However, the latter’s implementing responsibilities have just come to an end, with the next phase of the programme to be implemented by an EU member state consortium. This paper seeks to explain why the EU chose the UNDP to implement the programme in the first place; why the programme was redelegated to the UNDP over successive phases; and why, in the end, the EU has opted for a member state consortium to implement the next phase of the programme. The paper will draw on two alternative accounts of delegation: the principal-agent approach and normative institutionalism. Ultimately, it will be argued that both the EU’s decision(s) to delegate (and redelegate) implementing responsibilities to the UNDP, and its subsequent decision to drop the organisation in favour of an EU member state consortium, were driven for the most part by a rationalist ‘logic of consequentiality’. At the same time, a potential secondary role of a normative institutionalist ‘logic of appropriateness’ – as a supplementary approach – will not be discounted.

Feature integration in human vision

The earliest stages of human cortical visual processing can be conceived as extraction of local stimulus features. However, more complex visual functions, such as object recognition, require integration of multiple features. Recently, neural processes underlying feature integration in the visual system have been under intensive study. A specialized mid-level stage preceding the object recognition stage has been proposed to account for the processing of contours, surfaces and shapes as well as configuration. This thesis consists of four experimental, psychophysical studies on human visual feature integration. In two studies, classification image a recently developed psychophysical reverse correlation method was used. In this method visual noise is added to near-threshold stimuli. By investigating the relationship between random features in the noise and observer s perceptual decision in each trial, it is possible to estimate what features of the stimuli are critical for the task. The method allows visualizing the critical features that are used in a psychophysical task directly as a spatial correlation map, yielding an effective "behavioral receptive field". Visual context is known to modulate the perception of stimulus features. Some of these interactions are quite complex, and it is not known whether they reflect early or late stages of perceptual processing. The first study investigated the mechanisms of collinear facilitation, where nearby collinear Gabor flankers increase the detectability of a central Gabor. The behavioral receptive field of the mechanism mediating the detection of the central Gabor stimulus was measured by the classification image method. The results show that collinear flankers increase the extent of the behavioral receptive field for the central Gabor, in the direction of the flankers. The increased sensitivity at the ends of the receptive field suggests a low-level explanation for the facilitation. The second study investigated how visual features are integrated into percepts of surface brightness. A novel variant of the classification image method with brightness matching task was used. Many theories assume that perceived brightness is based on the analysis of luminance border features. Here, for the first time this assumption was directly tested. The classification images show that the perceived brightness of both an illusory Craik-O Brien-Cornsweet stimulus and a real uniform step stimulus depends solely on the border. Moreover, the spatial tuning of the features remains almost constant when the stimulus size is changed, suggesting that brightness perception is based on the output of a single spatial frequency channel. The third and fourth studies investigated global form integration in random-dot Glass patterns. In these patterns, a global form can be immediately perceived, if even a small proportion of random dots are paired to dipoles according to a geometrical rule. In the third study the discrimination of orientation structure in highly coherent concentric and Cartesian (straight) Glass patterns was measured. The results showed that the global form was more efficiently discriminated in concentric patterns. The fourth study investigated how form detectability depends on the global regularity of the Glass pattern. The local structure was either Cartesian or curved. It was shown that randomizing the local orientation deteriorated the performance only with the curved pattern. The results give support for the idea that curved and Cartesian patterns are processed in at least partially separate neural systems.