Cryptoasset Valuation

Cryptoassets ◽  
2019 ◽  
pp. 69-88
Author(s):  
Nic Carter

This chapter reviews practitioner and academic work on the topic of cryptoasset valuation, introduces a value-driven taxonomy of cryptoassets, and investigates several assets directly to demonstrate how they might be valued. The ease of creating a token and an upswing of global retail enthusiasm inaugurated a token sale boom in 2017 that eclipsed venture funding for start-ups within the industry. A maturing data environment and the innate transparency of blockchains has led to more sophistication in the analysis of these economic systems; but widely agreed-upon valuation methodologies still do not exist. It has been suggested that cryptoassets such as bitcoin cannot be valued, only priced. Practitioners would do well to cross the aisle and work with their academic counterparts on deriving meaningful models for these assets; equally, academia should continue to grant cryptoassets the attention they deserve.

2019 ◽  
Vol 12 (4) ◽  
pp. 188 ◽  
Author(s):  
Chuanrong Wu ◽  
Xiaoming Yang ◽  
Veronika Lee ◽  
Mark E. McMurtrey

Technological innovation requires large investments. Venture capital (VC) is a prominent financial source for innovative start-ups. A venture capitalist will inevitably transfer knowledge to facilitate the innovation of a firm while monitoring and advising its portfolio companies. Only when a firm has its own valuable new knowledge and high growth potential would venture capitalists select it. At the same time, big data knowledge, such as customer demands and user preferences, is also important for the new product development of a firm in the big data environment. Therefore, private knowledge transferred from venture capitalists, new knowledge developed independently by a firm itself, and big data knowledge are the three main types of knowledge for venture-backed firms in the big data environment. To find the influences of VC and knowledge transfer on the innovative performance of venture-backed firms, a model of maximizing the present value of the expected profit of new product innovation performance of a venture-backed firm in the big data environment is presented. The model can help venture capitalists to determine the scale of investment and the optimal exit time and predict the internal rate of return (IRR). This model can also help innovative start-ups to illustrate the value and prospects of a project to attract investment in their business prospectus.


2018 ◽  
Author(s):  
Victoria Bellotti Lyft

Human economic behavior arises from primal instincts for survival and, despite our higher aspirations, it seems we just can't escape this fact. History shows that ideologically inspired experiments in egalitarian economic systems have always stalled or utterly failed. Nevertheless, after the financial market crash of 2008, many tech entrepreneurs were bewitched with the captivating and viral idea that technology could eradicate the barriers between individuals who wanted to share the resources they had. This led to the sudden much-hyped explosion of so-called "sharing economy" marketplace start-ups around 2010. However, research that I led showed that idealistic entrepreneurs misunderstood or forgot the basics of human economic behavior and my team's findings predicted the demise of all but the companies that were able to compete on classical economic terms (better value for money). I joined one such company, Lyft, because I shared the founders' vision for more sustainable transportation. Nevertheless, Lyft and the other rideshare and disruptive transportation companies must all compete fiercely to survive. It's a challenging road ahead, with many obstacles to overcome, but the destination is one I remain deeply committed to; I am still an idealist at heart!


2017 ◽  
Vol 2 (1) ◽  
pp. 13
Author(s):  
Taufik Hidayat

Wealth according to the Qur'an: Distribution of current income is a very important thing. If the income distribution is not appropriate to do, then most of the income and resources would be controlled by the capitalist monopolies, resulting in many people remain in poverty despite the country having abundant resources. On these basic considerations can be affirmed that the welfare and prosperity of the people depend on the way how it should be equitable distribution system could be implemented. Islam as a source of value to combine economic development with the religious sector. The activities of distribution of goods and services and income, shall use a value judgment mechanistic determinism of Islam and not the other economic systems such as capitalism and socialism. Separation of positive and normative values lead to human economic activity economic destructive animal. The economic crisis that hit the Indonesian economy is the impact of the application of the system of political, legal, social system, education and the economy are not in accordance with value, impact on damage to ecosystems, forests, water pollution and the environment, and the process of structural poverty.


2017 ◽  
Vol 31 (1) ◽  
pp. 45-55 ◽  
Author(s):  
Kirill Gerasimov ◽  
Boris Gerasimov

Purpose The purpose of this paper is to present the results of the research in the sphere of education and preparation of Russian executives in view of mentality and elements of national model of management. Design/methodology/approach The research consisted in analysis of modern developments in the sphere of HR management in socio-economic systems. The authors used the materials on structuring and classification of managerial activities from various points of view. The research is based on recent tendencies in the sphere of application of intensive educational technologies. Findings Ten levels of managerial activities were distinguished on the basis of the performed research. Each of these levels is a new step of qualitative significance and complication of managerial activities. In order to achieve new and higher levels of professionalism, a model of professional development of executives was created, which consists of several blocks, which stimulates obtaining the knowledge and acquisition of certain skills in this sphere. The structure of problem and situational game “Professionalism of executives” and methodology of evaluation of activities of game participants are given. Practical implications Using game modeling for determination of the level of professional activities will allow evaluating specialists, in particular, executives, and determine qualitative evaluation of the level of their competence in various aspects of their activities. Originality/value The research possesses a value for lecturers, managers, and consultants of educational establishments who perform training, additional training, and development of professional competence of executive in organizations of any profile in view of national mentality.


Author(s):  
L. Murali Krishnan ◽  
N. Kumarasamy ◽  
S. Oliyarasan ◽  
Sukanaya Barua ◽  
Quadri Javeed Ahmad Peer ◽  
...  

Indian economy is a fifth largest developing economy. It has been grown in between the periods of time (1991 – 2016) India’s GDP stood at Rs 5,862,120 million in 1991 and in 2016 it was at Rs 1,35,760,860 million economy with 2, 216 percent growth. At the same time, global disparities are growing with industrially and technologically more advanced countries by accessing the ever increased digital technologies, online platforms, data analytics, automation and robotics and capitalizing the globalized opportunities. Hence, as a second highly populated country like India should access the technologies to promote various start-ups in to globalized established corporations for economic development and to be the second largest economy in the world by 2050. The start-ups support and help to absorb productive resources at all levels of the economy. It contributes to the creation of resilient economic systems in which start-ups ecosystems and small and large firms are interlinked. Such increasing linkages support, attract foreign direct investment and investing transnational corporations seek reliable domestic suppliers for their supply chains. In agriculture and allied sector start-ups also have a potential to empower millions of farmers and farm women to address the food and nutrition security, livelihood security and other sustainable development goals. But still funding activities are the biggest driving factors in the start-up ecosystem. Hence, appropriate funds and other assistance may enrich the start-up ecosystem to boost up the Indian economy in the globalized platforms. So, the CSR funds plays very important source to capitalize the start-up ecosystem in to sustainable development based economic ecosystems.


2021 ◽  
Vol 13 (2) ◽  
pp. 97
Author(s):  
Giovanni Antonio COSSIGA

To be implemented and analyzed, according to the good rules of relationship with nature, sustainability must be equipped with a theoretical scheme able of helping to understand the dynamics of this relationship together with the opportunities offered to improve the development of the economic system. Essentially, it’s about acknowledging that, just like physics, also the economy is subject to some general and abstract laws. This is the case of the core inflation value, defined by Central Banks as a value close to 2%. So, if the economy moves along the track indicated by this value, we have confirmation that growth is regularly developing. This core inflation value is implicitly defined without a clear specification. We can therefore admit that it’s an ideal value like the great universal constants, which reports about an economic system that develops according to the rules of natural compatibility. According to this point of view, the core inflation close to 2% is essentially a utopia, because it can only be achieved if the global economic growth moves in full accordance with the nature around us. It follows that even if we can verify on field the realization of a base value close to 2%, actually we are not in the best conditions, especially if the global economy is suffering from deflation as today. The deflation, that is the tendency of prices to fall, is part of the complex messages sent by the nature and economic systems to signal that the economy is not doing well and has become unstable. Both inflation and deflation are messages that never contribute to the economic development course, but they are born and evolving in parallel with the appearance of the economic cycle in daily activity. In summary, a mechanism that has the responsibility, by imposing pauses on the system, to reduce the instability of the systems and to facilitate the return to the natural development condition. A correction system based on the economic conjuncture that obviously distinguishes the stability by the way that the economy grows and develops in a linear and constant inclination depending on differentials.


Author(s):  
Randall B. Lindsey ◽  
Delores B. Lindsey ◽  
Raymond D. Terrell

School desegregation efforts begun in the 1960s through to the 1980s persist into the 21st century. School leadership for desegregation began in the late 20th century. School leadership efforts began in the early 1960s with compliance-based responses focused on court-ordered and government directives in pursuit of equality with an eye to societal integration. Leadership for desegregation is a legal response to de jure and de facto segregation as practiced in social, political, and economic systems throughout U.S. history. Efforts at more equal opportunities for historically marginalized students have, over time, evolved into an equity focus that holds a value for educating children and youth whether in integrated settings or not. By the turn of the 21st century, leadership efforts for equity began to recognize the need to provide access and opportunity to all students in all settings. Four distinct chronological periods of school desegregation have evolved: desegregation leadership experiences, 1950s–1970s—mandated, minimum compliance; school desegregation leadership experiences, 1970s–1990s—supported by Emergency School Aid Act; school desegregation leadership experiences, 1990s–2015—Emergency School Aid Act and resegregation; and school desegregation experiences, 2015 to the present and predictable future.


2019 ◽  
Vol 1 (1) ◽  
pp. 14-30
Author(s):  
Dwi Setiawan Chaniago ◽  
Anisa Puspa Rani ◽  
Solikatun Solikatun

Social institutions are always an entity and are considered important in society. Social institutions have some important roles including maintaining and maintaining social value and also able to complement the needs of the community. With the existence of social institutions, it is expected to maintain a value that is considered important and able to be a tool and a container championing certain interests in society. The purpose of this research is to identify the role of social institutions in the village of Karang Bajo in the management and utilization of forests and to identify the pattern of relations between the social institutions of the village community is multilateral in support of forest management and utilization. This study uses qualitative approaches and sociological perspectives. Based on the results of the research known that the role of social society in the management and utilization of forest in the village of Karang Bajo divided into three forms of institutions, namely the first traditional pranata that play a role in preserving indigenous forests with various The rules that are sourced from the values of local wisdom, second, the institution of cultural and cultural tourism that plays a role in promoting the wisdom of local cultures, natural wealth and other village potentials in developing ecotourism areas, and third The honey bee cultivation institution, which contributes to the economical utilization of forest by also preserving the forest as a source of bee feed. The pattern of relationship between community social institutions in forest management and utilization is done by multiinstitutional synergy that is  complementary and mutually supportive of each other. Relations between institutions are tied to solidarity values, economic systems, tradition systems, social control, and leadership.


2021 ◽  
Vol 7 (3) ◽  
pp. 170-187
Author(s):  
N. G. Kurakova ◽  
L. A. Tsvetkova

The role of universities in modern socio-economic systems of states is undergoing significant changes and involves the actualization of approaches to defining the functions of educational organizations. At the same time, university startups are viewed as the most dynamic elements of regional economies, capable of creating export-oriented science-intensive products and new high-tech jobs. Transformation and development of regional entrepreneurial ecosystems using as a trigger for academic entrepreneurship of universities to stimulate the powers of the subjects of the federation of the process of formation of start-ups by universities in cooperation with local or global enterprises of the real sector of the economy.The study aimed to analyze the factors that stimulate and hinder technological entrepreneurship in regional universities in Russia. A review of the approaches used in the world’s leading universities, creating successful entrepreneurial ecosystems, is carried out, the key factors that determine the productivity of such ecosystems are highlighted. It is noted that in most constituent entities of the Russian Federation, it is not possible to implement a set of basic factors that contribute to the involvement of RIA in the regional economy, including in local universities, as well as in horizontal network interaction of startups founded by graduates or employees of regional universities.The functions for the university’s management of the transformation of regional ecosystems in entrepreneurial universities and the formation of university ecosystems are proposed.


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