Evolving Financial Institutions in Veblen's Business Enterprise System

1993 ◽  
Vol 15 (2) ◽  
pp. 249-264 ◽  
Author(s):  
J. Patrick Raines ◽  
Charles G. Leathers

Thorstein Veblen's theory of institutions has often been interpreted as explaining that institutions (social habits) are formed in previous time periods under the influence of earlier states of technology. Accordingly, in the modern era institutions are “static, backward looking, and resistant to change, alterations…occurring only under pressure from the dynamic of technological progress” (Rutherford 1984, p. 331). As a recent case in point, R. W. Ault and R. B. Ekelund (1988, p. 438; see also p. 435) stated that Veblen's “view of habits was an inert and exogenous view.” Malcolm Rutherford (1984) has noted that Veblen described several processes of internal development of institutions within a system governed by a given logic, e.g., the business enterprise system under the logic of pecuniary values.

Author(s):  
Alvin Ping Leong

AbstractDiachronic studies on scientific writing have indicated an increase in the use of passives from the seventeenth to the twentieth century. With the current shift in focus towards making scientific writing more accessible, there is less certainty on the extent of passive use in the modern era. Although the use of the active voice is presently encouraged, the findings from available studies are mixed. There are also few diachronic studies involving recent articles. This present study investigated the trend in passive use from the nineteenth century to the present day using 80 articles from a multidisciplinary science journal covering four time periods (1880, 1930, 1980, and 2017). The study found that the extent of passive use was stable from 1880 to 1980 (occurring in about 29–36% of all clauses) but declined in 2017 (averaging below 25%). The study also found a decline in the use of finite passives to describe methodological actions and a corresponding increase in the use of first-person pronouns in the 2017 articles. Further work involving a larger corpus and an understanding of writer decisions in the composing process is needed.


2018 ◽  
Vol 2 (02) ◽  
Author(s):  
Jinnyfer J.F Tumbel ◽  
Naomi G.H Pondaag ◽  
Herman Karamoy

In this modern era, technological developments are experiencing very rapid development. Likewise in financial institutions, namely banks, technology is now a determinant of bank progress and provides benefits in transactions and in carrying out the operations of other banks. And if the bank does not prioritize technology in its operations, banks will find it difficult to move forward and develop to find good profits or profits for the development of the bank. For this reason, banks issue e-channel products that are very useful, and make it easier for people not only to help the community but also to be profitable and bring good profits to the bank, and in the use of e-channel products, of course there are costs truncated which may not be recognized by the general public, but in it is also very beneficial to both parties. Keywords: cost information, e-channel products


Author(s):  
Kristin Sinaga ◽  
Efori Buulolo ◽  
Berto Nadeak

The development of the modern era has made many people more influenced in managing business, especially in financial institutions, one of which is credit at the Kofipindo cooperative. Credit is the most important thing in a savings and loan cooperative and it has an effect on the health of the cooperative. However, if there is a management problem that carelessly provides credit, it will be risky for the company, namely there will be a loss of customers and not collectible. To overcome the problems above, a method is needed. The technique that can be utilized in the process of processing data is the classification with the J48 algorithm. J48 algorithm is a classification algorithm applied to decision tree techniques that are processed using information gain. In selecting attributes for object breakers in several classes, the attribute that produces the greatest information gain with the highest information gain value will be chosen as the parent of the next node.Keywords: Credit risk prediction, Algorithm J48


Author(s):  
Stavroula G. Mougiakakou ◽  
Aikaterini Prountzou ◽  
Dimitra Iliopoulou ◽  
Andriani Vazeou ◽  
Christos S. Bartsocas ◽  
...  

The aim of this article is to describe how NN have been applied for the simulation of glucose—insulin metabolism, and to present two NN based personalized models for children with T1DM. The models, which are able to make short-term glucose predictions, are based on the combined use of MMs and NNs. The models are comparatively assessed using data about glucose levels, insulin intake, and diet during previous time periods, from four children with T1DM.


2020 ◽  
Vol 7 (8) ◽  
pp. 441-450
Author(s):  
AMA Suyanto ◽  
Muhammad Adnan Darmawan

In this modern era, all activities can be carried out easily because of rapid technological progress. Technology really helps human needs and can’t be separated from human lifestyles. The easy of technology and communication that developed has changed the consumption patterns of the people, especially in ordering online food delivery. Now people tend to buy food through digital applications rather than cooking. The highest frequency of food orders is dominated by the use of delivery as much as 2.6 times a week. This study aims to find out which combinations of attributes that make GoFood choose by consumers, and to find out which attributes are the most dominant. This research is a quantitative study with conjoint analysis techniques. The results showed that the combination of attributes were cheap prices, attractive promotions, safe security, fast time & delivery, and ease of payment using cash. The results of the study also showed that the safety attribute was the most important attribute.


2016 ◽  
Vol 4 (1) ◽  
pp. 29-40
Author(s):  
Agus Rojak Samsudin

This article was composed from the fact that the presence of Sharia Financial Institutions (SFC) cannot be separated from the existence of Conventional Financial Institutions. Islamic Bank appeared in the midst of the conventional banking development. It certainly gives the impression product of Islamic Bank is seen as the imitation of conventional banking products. The historical analysis shows that the substantive function of banking operations has been practiced since the early days of Islam. Even the profit and lost sharing principle has been applied from transactions Islamic business transactions (Mu'amalah) in the ancient Arab, which has been explored in the modern era and also legitimized by the Fatwa of DSN MUI (National Sharia Council of Indonesian Ulama Council (NSC-ICU). This institution is often reinterpreting the concept of Islamic business, including the innovation of Islamic Banking products that are derived from the Quran, the Sunna, and Islamic Jurisprudence (al-Ijtihad).


2017 ◽  
Vol 8 (1) ◽  
pp. 54-77
Author(s):  
Glen Wright

AbstractCorporate personality and limited liability have been the foundations of corporate law for most of its modern history. While these concepts greatly contributed to the early development of corporations, their application in the modern era is outmoded. Nowhere is this clearer than in ‘risky business’ scenarios, where a subsidiary is constituted for the purpose of shielding the corporate group as a whole from tortious liability arising from risky or dangerous activities. Tort victims generally must rely on ineffective and inconsistent common law and tort law doctrines in order to seek redress for torts committed against them, and a number of high profile cases have highlighted the flaws in such approaches. Many corporate law and tort scholars have commented on these flaws and a literature has developed proposing rational alternatives. This paper presents the case for adopting ‘enterprise liability’ in risky business situations, that is, treating the companies within a corporate group as one unified enterprise for the purposes of compensating tort victims.


Sign in / Sign up

Export Citation Format

Share Document