scholarly journals Exploratory Study on Digital transformation: Capabilities and Expected Performances

2022 ◽  
Vol 132 ◽  
pp. 01014
Author(s):  
Byungchul Choi ◽  
Seunghyun Kim
Keyword(s):  
Digital Divide ◽  
Performance Improvement ◽  
Firm Size ◽  
Exploratory Study ◽  
High Growth ◽  
Digital Transformation ◽  
Macro Level ◽  
Industry Type ◽  
Expected Performance

Nowadays many firms encounter the macro-level changes called digital transformation and research on it has drastically increased since 2014. In response to this emerging phenomenon, this study explores how firms prepare for digital transformation and what do they expect from it. More specially, based on the survey from 439 Korean scaleup firm (high-growth firm), we suggest the concepts to necessary capabilities for and expected performance improvement through digital transformation. Our study illustrates that how a firm’s perceptions on those concepts varies upon firm size and industry type. Additionally, our study offers a clue for ‘digital divide’ that can potentially threaten the survival of numerous firms.

scholarly journals Where Is the Age of Digitalization Heading? The Meaning, Characteristics and Implications of Contemporary Digital Transformation

2021 ◽  
Vol 13 (16) ◽  
pp. 8909
Author(s):  
Seunghyun Kim ◽  
Byungchul Choi ◽  
Yongkyu Lew
Keyword(s):  
Digital Divide ◽  
Firm Size ◽  
High Growth ◽  
Digital Transformation ◽  
Sustainable Growth ◽  
Industry Convergence ◽  
Industry Type ◽  
Innovation Activities ◽  
Growth Firms

Digital transformation is perceived not only as a change in certain technology but also as a large transition that will ultimately change our lives for the better. Industry convergence, the key to digital transformation, entails, for firms, both various opportunities for innovation and the crisis of falling behind. Therefore, from the perspective of firms, it is critical to examine how digital transformation affects their industries and products as well as how they perceive and respond to digital transformation. This is ultimately a matter of how firms survive and maintain sustainable growth in this great upheaval of digital transformation. Based on the understanding of the concept of digital transformation, this study explores how high-growth firms perceive various aspects of digital transformation. The findings show that digital transformation involves a change of firms based on constant innovation, not simply the acceptance of technology, and that there is a large digital divide that depends on the firm size and industry type. Based on the above, this study derives implications in terms of the innovation activities of firms to ensure that digital transformation does not serve as a handicap and barrier for firms.

Board Gender Diversity and Cost of Debt: Do Firm Size and Industry type matter?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Rabiatu Kamil ◽  
Kingsley Opoku Appiah
Keyword(s):  
Firm Size ◽  
Developing Economies ◽  
Gender Diversity ◽  
Manufacturing Firms ◽  
Least Square ◽  
Cost Of Debt ◽  
Content Type ◽  
Industry Type ◽  
Gender Diverse ◽  
Board Gender Diversity

Purpose This study aims to investigate the nexus between gender-diverse boards and cost of debt in the developing economies context. Specifically, the authors examine whether firm size moderates the relationship between female board representation and cost of debt, regardless of the industry type. Design/methodology/approach The authors use panel data from 17 non-financial listed Ghanaian firms over the period 2007–2017, ordinary least square, two-stage least square and generalised method of moments estimations to test the hypothesis. Findings The authors find that board gender diversity is positively related to cost of debt. Further evidence suggests the interaction of firm size and board gender diversity displays a negative association with cost of debt. Practical implications The study evidence suggests larger non-manufacturing firms with gender-diverse boards attract lower cost of capital in an environment with lax enforcement of rules and regulations in corporate governance. Social implications Lenders consider the size and industry of firms in pricing debt. This has implications on UN Goal 5, highlighting that shareholders of larger non-manufacturing firms benefit immensely from board gender diversity in the context of debt. Originality/value The authors contribute to the board gender diversity and cost of debt literature by demonstrating that firm size and industry type matter in the developing economies context.

scholarly journals Social Challenges of the Digital Economy: Russia in a Global Context

2021 ◽  
Vol 65 (9) ◽  
pp. 14-24
Author(s):  
E. Sadovaya
Keyword(s):  
Global Economy ◽  
Technological Development ◽  
High Growth ◽  
World Order ◽  
Digital Economy ◽  
Digital Transformation ◽  
Growth Potential ◽  
Raw Material ◽  
Soviet Period ◽  
Labor Resources

The subject of the research is the challenges of the digital economy for the employment sector in Russia. The need to reduce costs in the face of a deteriorating situation in the global economy is a factor in accelerating the digital transformation of employment in the country. The transformation is carried out through the automation of the main business processes, as well as through the development of platform employment formats. Specific features of the process of digital transformation of employment form the shape of the development of the Russian labor market in the post- Soviet period. Its main factor was the country’s entry into the global system of division of labor, which led to the formation of the modern structure of employment. The economy of Russia, recognized as raw material, turned out to be “commercial” in terms of employment, since it was this industry that created the bulk of jobs during that period. The commerce sector, which had high growth potential in the early 1990s in Russia, provided jobs for all those labor resources that were released from the industry. However, at the moment this source has been exhausted. Digitalization threatens the most labor-intensive sectors of the Russian economy. Commerce turns out to be the first industry to undergo automation and digitalization of jobs. At the same time, the most massive professions (accountants, bank employees, HR specialists, salesmen, cashiers, couriers, security guards, secretaries, packers, call center workers, drivers) are under the threat of “disappearance”, while new ones in demand by the market are more likely “unique” and they are mostly associated with robotization, digitalization and biotechnology. The unmet demand for these professions is a reflection of the complexities of training highly qualified interdisciplinary specialists and not a physical shortage of labor resources, and this is a serious challenge for the vocational education system. The study aims to gain a deeper understanding of the processes taking place in the social and labor sphere in Russia, to create a conceptual basis for the development of a socio-economic policy of the state that adequately responds to the challenges of the digitalization of the economy. Acknowledgements. The article was prepared within the project “Post-crisis world order: challenges and technologies, competition and cooperation” supported by the grant from Ministry of Science and Higher Education of the Russian Federation program for research projects in priority areas of scientific and technological development (Agreement № 075-15-2020-783).

scholarly journals Alternative Futures for the Digital Transformation: A Macro-Level Schumpeterian Perspective

2021 ◽  
Author(s):  
Zlatko Bodrožić ◽  
Paul S. Adler
Keyword(s):  
Public Policy ◽  
Digital Transformation ◽  
Macro Level ◽  
Alternative Futures ◽  
Considerable Uncertainty ◽  
The Future ◽  
Information And Communication ◽  
Critical Problems ◽  
Alternative Solutions ◽  
New Phase

This paper develops and deploys a theoretical framework for assessing the prospects of a cluster of technologies driving what is often called the digital transformation. There is considerable uncertainty regarding this transformation’s future trajectory, and to understand and bound that uncertainty, we build on Schumpeter’s macro-level theory of economy-wide, technological revolutions and on the work of several scholars who have extended that theory. In this perspective, such revolutions’ trajectories are shaped primarily by the interaction of changes within and between three spheres—technology, organization, and public policy. We enrich this account by identifying the critical problems and the collective choices among competing solutions to those problems that together shape the trajectory of each revolution. We argue that the digital transformation represents a new phase in the wider arc of the information and communication technology revolution—a phase promising much wider deployment—and that the trajectory of this deployment depends on collective choices to be made in the organization and public policy spheres. Combining in a 2 × 2 matrix the two main alternative solutions on offer in each of these two spheres, we identify four scenarios for the future trajectory of the digital transformation: digital authoritarianism, digital oligarchy, digital localism, and digital democracy. We discuss how these scenarios can help us trace and understand the future trajectory of the digital transformation.

A Snapshot Overview of the Digital Divide

2012 ◽  
pp. 41-59
Author(s):  
Kelvin Joseph Bwalya ◽  
Tanya Du Plessis ◽  
Chris Rensleigh
Keyword(s):  
Digital Divide ◽  
Exploratory Study ◽  
A Priori ◽  
Information Access ◽  
Theoretical Background ◽  
Local Culture ◽  
Multivariate Approach ◽  
Government Development

It can arguably be stated that the digital divide, e-Inclusion, and successful e-Government development are inseparable. The concept of e-Inclusion is an a priori phenomenon to understanding the concept of the digital divide. This chapter provides a theoretical background on the linkages of information access, the digital divide, e-Inclusion, and e-Government. This exploratory study aims to discuss the intricacies of the digital divide and present a snapshot discussion of initiatives taken in Zambia to bridge the divide in the context of e-Government. The discussion presents the likelihood of the realisation of e-Government inclusion in the Zambian context and how this can impact e-Government development in its totality. From the discussion, it is evident that e-Government depends on multi-dimensional factors (such as individual and institutional e-Readiness, relevance of e-Government applications, local culture, propensity to change, and managerial and technical capabilities) to succeed, and this entails that any robust e-Government strategy should incorporate a multivariate approach in its design.

A Snapshot Overview of the Digital Divide

2012 ◽  
pp. 71-89
Author(s):  
Kelvin Joseph Bwalya ◽  
Tanya Du Plessis ◽  
Chris Rensleigh
Keyword(s):  
Digital Divide ◽  
Exploratory Study ◽  
A Priori ◽  
Information Access ◽  
Theoretical Background ◽  
Local Culture ◽  
Multivariate Approach ◽  
Government Development

It can arguably be stated that the digital divide, e-Inclusion, and successful e-Government development are inseparable. The concept of e-Inclusion is an a priori phenomenon to understanding the concept of the digital divide. This chapter provides a theoretical background on the linkages of information access, the digital divide, e-Inclusion, and e-Government. This exploratory study aims to discuss the intricacies of the digital divide and present a snapshot discussion of initiatives taken in Zambia to bridge the divide in the context of e-Government. The discussion presents the likelihood of the realisation of e-Government inclusion in the Zambian context and how this can impact e-Government development in its totality. From the discussion, it is evident that e-Government depends on multi-dimensional factors (such as individual and institutional e-Readiness, relevance of e-Government applications, local culture, propensity to change, and managerial and technical capabilities) to succeed, and this entails that any robust e-Government strategy should incorporate a multivariate approach in its design.

Development of Digital Libraries in Pakistan

2009 ◽  
pp. 482-491 ◽  
Author(s):  
Kanwal Ameen ◽  
Muhammad Rafiq
Keyword(s):  
Developing Countries ◽  
Human Resources ◽  
Digital Divide ◽  
Digital Library ◽  
Digital Libraries ◽  
Financial Support ◽  
Digital Transformation ◽  
Specific Reference ◽  
Common Environment ◽  
Cultural Divide

This chapter aims to discuss the development of digital libraries in Pakistan. It gives an account of the digital transformation taking place in the country and reviews a few digital library initiatives. It discusses a number of issues associated with the development of digital libraries with specific reference to Pakistan. The major issues appear are as follows: misconception about digital libraries; lack of technological applications; lack of human resources with needed skills; copyright and publishing; cultural divide; digital divide, and insufficient financial support. The authors believe that understanding the underlying issues will not only accelerate the development of DL in Pakistan, but also in other developing countries with more or less common environment.

scholarly journals Towards Extending Dividend Puzzle Debate: What Motivates Distribution of Corporate Earnings in Tanzania?

2020 ◽  
Vol 8 (1) ◽  
pp. 18
Author(s):  
Josephat Lotto
Keyword(s):  
Firm Size ◽  
Firm Growth ◽  
Dividend Policy ◽  
Stock Exchange ◽  
High Growth ◽  
Dar Es Salaam ◽  
Corporate Managers ◽  
Financial Firms ◽  
Corporate Earnings ◽  
Control Tool

This paper investigates the determinants of dividend policy in Tanzania. The study employed a panel data of non-financial firms listed on the Dar es Salaam Stock Exchange (DSE) for the period 2008–2017. The paper reports profitability, liquidity, firm size, leverage, firm growth, previous dividend, and GDP as the major determinants of corporate dividend policy. According to the results, leverage, firm growth, and GDP are negatively related to dividend payout ratio while firm size, profitability, liquidity, and lagged dividend are positively related to dividend policy. More specifically, large-sized firms, highly profitable firms, and firms who paid dividend in previous years are more likely to consider paying dividend. However, payment of dividend will all depend on whether the firm is liquid enough to afford that. On the other hand, high-growth and leveraged firms would not probably consider paying dividend, and will, therefore, opt saving money to finance their expansion and honor their debt obligations. Following these results, corporate managers are advised to consider preferences of investors towards developing corporate dividend policy; to strive paying dividend whenever economically viable (as it signals the firm’s reputation), and to limit excessive borrowing to protect firms from getting into financial meltdown (although borrowing is considered a control tool for agency-related problems).

scholarly journals Performance Improvement of a Hydraulic Active/Passive Heave Compensation Winch Using Semi Secondary Motor Control: Experimental and Numerical Verification

Energies ◽  
2020 ◽  
Vol 13 (10) ◽  
pp. 2671
Author(s):  
Geir-Arne Moslått ◽  
Michael Rygaard Hansen ◽  
Damiano Padovani
Keyword(s):  
Performance Improvement ◽  
Experimental Validation ◽  
Control Method ◽  
Feedforward Control ◽  
State Of The Art ◽  
Numerical Verification ◽  
Stability Margins ◽  
Hydrostatic Transmission ◽  
Expected Performance ◽  
Variable Displacement

In this paper, a newly developed controller for active heave compensated offshore cranes is compared with state-of-the-art control methods. The comparison is divided into a numerical part on stability margins as well as operational windows and an experimental validation of the expected performance improvement based on a full-scale testing on site with a crane rated to 250 metric tons. Such a crane represents the typical target for the new control method using a combination of active and passive hydraulic actuation on the main winch. The active hydraulic actuation is a hydrostatic transmission with variable-displacement pumps and variable-displacement motors. The new controller employs feedforward control of the motors’ displacement so that the window of operation is increased and, simultaneously, oscillations in the system are markedly reduced.

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