Lessons from the global financial crisis for the semiconductor industry

Wu, Chiu Hui; Ding, Cherng G.; Jane, Ten Der; Lin, Hang; Wu, Cheng Ying

doi:10.1016/j.techfore.2015.06.036

Cited by 14 publications

(16 citation statements)

References 27 publications

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“…This indicates that ignoring the undesirable outputs would inevitably lead to overestimating the efficiency of industrial development, which is consistent with the conclusion of Ozkan and Ulutas (2017) [39]. Excessive emphasis was put on selected sectors of the heavy industry, while the monitoring and implementation of environmental policy were temporarily suspended in favor of the economic stimulus plan [40]. The result was inefficient industrial production and poor environmental protection, which was reflected in the relatively poor performance, as measured by the PIGD [41].…”

Section: The Pigd and Its Decomposition Indicatorssupporting

confidence: 78%

Measuring the Performance of Industrial Green Development Using a Non-Radial Directional Distance Function Approach: A Case Study of Jiangxi Province in China

et al. 2017

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Abstract:The industrial sector is a major contributor to resource consumption and environmental pollution in China. The energy-intensive industrial development and energy structure are dominated by coal, which has produced an enormous amount of industrial pollutants in China, and put great pressure on the ecological environment. Hence, improving the performance of industrial green development (PIGD) has become an urgent task of utmost importance. This study applies a global non-radial directional distance function to estimate the PIGD for Jiangxi Province during [2003][2004][2005][2006][2007][2008][2009][2010][2011][2012][2013][2014][2015], and provides targeted policy suggestions. The empirical results show a rising trend in the PIGD in Jiangxi Province. At the city level, Nanchang and Fuzhou performed considerably better than other cities in regards to their PIGD. However, the poor environmental performance caused by the excessive discharge of industrial pollutants has also hindered its PIGD. Most cities in Jiangxi Province failed to efficiently use resources, especially energy and labor, in industrial production. The results of the influencing factor analysis show that the performance of industrial green development in Jiangxi could be improved through increasing per capita GDP, decreasing the share of coal consumption in the total industrial energy consumption, and decreasing the share of industrial GDP in the total GDP. Furthermore, a more efficient use of environmental management investment funds and timely transfer of the surplus industrial labor are needed.

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Section: The Pigd and Its Decomposition Indicatorssupporting

confidence: 78%

Measuring the Performance of Industrial Green Development Using a Non-Radial Directional Distance Function Approach: A Case Study of Jiangxi Province in China

et al. 2017

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“…From Figure 9 it is clear that during recessions the profit growth rate of companies goes down or even becomes negative, the proportion of unprofitable companies goes up, which surely affects profitability ratio of Russian companies (Figure 10). Production collapse, deterioration on the markets of work and finance, erosion of purchasing power and investment activity as well as other difficulties in national economies of practically all countries across the world resulted in a growing number of bankruptcies of economic subjects (Welfens, 2014;Wu et al, 2015;Lopatta and Kaspereit, 2014). For instance, the chain bankruptcy index of legal entities in the USA in 2009 reached the point of 54%, and of physical personsof 31% (Artemieva, 2012) (Figure 11).…”

Section: Impact Of the Global Recession On Financial And Economic Susmentioning

confidence: 99%

Impact of the Global Recession on Financial and Economic Sustainability of Industrial Companies

Tatyana¹,

Andrey²

2019

ERSJ

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On the cusp of the 20 th and 21 st centuries it is extraordinary difficult to provide the stability of national economies due to globalisation effects. In fact, globalisation causes major interdependence between economies of different countries, therefore, their economic relations influence the world economic climate.Countries develop strong business ties with their counterparts; national economies are integrated due to such factors as division of labour, internationalisation of monetary funds, scientific and technological progress, increasing degree of national economies openness and free trade. As a result, economies of different countries integrate into the worldwide reproduction process. International economic integration indicates a high development level of global economy.However, since single countries become exposed and highly susceptible to changes in economies of other states, the external environment is implied to present a significant uncertainty for commercial operations in single countries. Hence, in order to provide a stable functioning of both individual businesses and national economies it is necessary to analyse macro-and microeconomic parameters carefully, identify consistent patterns and make relevant predictions aimed at preventive management. The present article will discuss these challenges.

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“…As observed in other countries (Wu et al, 2015), the performance of the Brazilian Government plays a central role in the semiconductor industry, as it is dependent of incentives and requires support policies designed in the long term [Associação Brasileira da Indústria de Semicondutores (ABISEMI), 2018; Lima et al, 2015]. This emphasizes the importance of the continuity and improvement of these policies for the development of the industry in the country.…”

Section: Public Policies To Support the Semiconductor Industrymentioning

confidence: 99%

“…However, there is also a concern regarding the continuity of the program in the long term As well as the managers of the DHs, Breier et al (2013) and Motta & Maia (2015) affirm that in the semiconductor industry, investments in R&D should be continuous to ensure the success of these actions There is no consensus for managers of DHs on the availability and adequacy of financial resources for the industry by means of developing agencies Only the manager of DH-1 believes they are appropriate. For the managers of DHs 2 and 3, investments are not enough and need to be adjusted considering the resources needed to develop projects in microelectronics As observed in other countries (Wu et al, 2015(Wu et al, , 2019, authors such as Faccin et al (2016b), Lima et al (2015) and the ABISEMI (2018) reaffirm the importance of Brazilian Government actions in the semiconductor industry, as the industry depends on incentives and requires support policies designed in the long term Future of microelectronics in Brazil On the future of microelectronics in Brazil, the interviewee of DH-3 did not opine on the subject. The managers of the DHs 1 and 2 consider the industry is still at the beginning of the walk to become technologically independent, and strategies focused on the foreign market and the exploitation of new aspects should be adopted, for the development of industry Managers suggest improvements on the payment of professionals of the industry, improvement of incentive policies, investments provided by the government, and exploitation of new market opportunities, both in the industry and in the DHs In accordance with the interviewees, ABDI (2014) and the ABISEMI (2019a) believe in the amplitude of new possibilities in the semiconductor sector in Brazil, as it represents a relevant market for the electronic complex and presents business opportunities, nationally and in Latin America Source: Field study Table V.…”

Section: Categories Of Analysismentioning

confidence: 99%

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Open innovation in the semiconductor industry: analysis of Brazilian design houses

Oliveira

Olave

Moreno

et al. 2019

INMR

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Purpose This study aims to understand how Brazilian design houses (DHs) use open innovation in joint development projects for integrated circuits. Design/methodology/approach As a research strategy, qualitative research using multiple case studies was made. As sources of evidence, semi-structured interviews were conducted with three DHs of Programa integrated circuit [circuito integrado(CI)]-Brasil and with four specialists in the field, as well as analysis of documents. The data were analyzed through content analysis. Findings The results showed the DHs use sources of external knowledge in their innovation process, to assist the development of new products, to access new knowledge and skills, to attract financial resources and to be competitive in the market of high technology. Originality/value The study has important implications on the semiconductor industry in Brazil, as the industry is considered strategic for the competitiveness of final goods sector. The importance of encouraging the development of partnerships in the sector, the possibility of using informal agreements to mediate the collaboration between DHs and external agents, and the improvement and long-term continuity of public policies to support the industry are among the implications. In addition to suggestions for new business approaches to assist the strengthening of this segment.

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Lessons from the global financial crisis for the semiconductor industry

Cited by 14 publications

References 27 publications

Measuring the Performance of Industrial Green Development Using a Non-Radial Directional Distance Function Approach: A Case Study of Jiangxi Province in China

Measuring the Performance of Industrial Green Development Using a Non-Radial Directional Distance Function Approach: A Case Study of Jiangxi Province in China

Impact of the Global Recession on Financial and Economic Sustainability of Industrial Companies

Open innovation in the semiconductor industry: analysis of Brazilian design houses

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