scholarly journals Analysis of cryptocurrency’s characteristics in four perspectives

2019 ◽  
Vol 26 (2) ◽  
pp. 206-219 ◽  
Author(s):  
Mirza Hedismarlina Yuneline

Purpose The innovation of cryptography technique and blockchain has made cryptocurrency an alternative medium of exchange due to its safety, transparency and cost effectiveness. But its main feature cannot be separated from the users who use cryptocurrency for their illegal transactions. There are several arguments related to the legality of cryptocurrency. The purpose of this paper is to analyze the nature of cryptocurrency based on characteristics of money, legal perspective, economic perspective and Sharia perspective. Design/methodology/approach In this study, the methodology used is descriptive with a qualitative approach. The object of this research is cryptocurrency. The data are secondary data obtained from peer-reviewed journal articles, conference papers review, working paper and Sharia consultant reports addressing the legality of cryptocurrency. The literature review analysis includes the following steps: material collection, descriptive analysis, discussion with people in Sharia competency and intuitive-subjective material evaluation. Findings Regarding the characteristic of money, cryptocurrency is acceptable. But in terms of the legal perspectives, cryptocurrency does not meet the criteria as currency. From the economic perspective, cryptocurrency does not fully meet the characteristic currency due to high price volatility, and from the Sharia perspective, cryptocurrency can be considered property (mal) but not as a monetary value (thamanniyah). Research limitations/implications The research findings are based on the journal articles, working paper and Sharia consultant report, and it may lack Sharia’s opinion. Any further discussion related to Sharia perspectives will be a great input to enrich the study. Practical implications This study also includes the implications related to the opportunities and the risks of cryptocurrency that can be discussed for the development of the cryptocurrency in the future. Social implications This study includes the implication cryptocurrency is using as nature of money and not as speculative instrument. Originality/value This study argued the legality of cryptocurrency in four perspectives such as the nature of money, legal, economy and Sharia perspective.

2017 ◽  
Vol 24 (1) ◽  
pp. 56-64
Author(s):  
Adefolake Adeyeye

Purpose The purpose of this paper is to examine the implications of foreign bribery and perceptions that bribery is just a cost of doing business in Africa in light of recent reports and developments in the global attempt to curb bribery and corruption. Design/methodology/approach The research relied on primary data from anti-corruption legislation, surveys and monitoring reports and secondary data from publicly available information, journal articles and media reports to analyse recent developments in the fight against corruption with a special focus on Africa. Findings The research findings and analysis suggest that foreign bribery, which is illegal but largely carried out with impunity and perceived as a just a cost of doing business in Africa, has heavy costs on developing nations and on corporations and individuals that are prosecuted. Although much has been done to curb corruption, it seems active enforcement takes place in only a limited number of countries. There is still the need for enhanced enforcement by nations, increased societal awareness of effective measures against corruption and improved corporate compliance and responsibility. Originality/value The paper contributes practical insights into improvements and lapses in the fight against foreign bribery and corruption. Using recent and relevant analysis, the paper revisits the resilience of bribery and corruption in spite of increased anti-corruption actions and the need for multiple and varied measures. The information provided will be useful for governments, corporations and civil society in the fight against corruption, which requires constant multilateral action and examination.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
B. Niveditha ◽  
Mallinath Kumbar ◽  
B.T. Sampath Kumar

PurposeThe present study compares the use of web citations as references in leading scholarly journals in Library and Information Science (LIS) and Communication and Media Studies (CMS). A total of 20 journals (each 10 from LIS and CMS) were selected based on the publishing history and reputation published between 2008 and 2017.Design/methodology/approachThe present study compares the use of web citations as references in leading scholarly journals in LIS and CMS. A PHP script was used to crawl the Uniform Resource Locators (URLs) collected from the reference list. A total of 12,251 articles were downloaded and 555,428 references were extracted. Of the 555,428 references, 102,718 web citations were checked for their accessibility.FindingsThe research findings indicated that 76.90% URLs from LIS journals and 84.32% URLs from Communication and Media Studies journals were accessible and others were rotten. The majority of errors were due to HTTP 404 error code (not found) in both the disciplines. The study also tried to retrieve the rotten URLs through Time Travel, which revived 61.76% rotten URLs in LIS journal articles and 65.46% in CMS journal articles.Originality/valueThis is an in-depth and comprehensive comparative study on the availability of web citations in LIS and CMS journals articles spanning a period of 10 years. The findings of the study will be helpful to authors, publishers, and editorial staff to ensure that web citations will be accessible in the future.


Author(s):  
Chiara Verbano ◽  
Maria Crema

Purpose – Energy commodities are characterised by rigid demand and high price volatility, linked to many variables such as climate factors, exchange rates, availability of resources. At the same time, the authorities often set prices, so wholesale energy companies need to create margins carefully by managing the procurement process and selecting appropriate tools to manage the risks associated with the volatility of energy prices. The purpose of this paper is to analyse and evaluate price and volume risks in the energy procurement process considering a “non-speculative” point of view, which is understudied in the literature review. Design/methodology/approach – The paper adopts a quantitative approach to risk evaluation, based on accounting indicators, and applies it to a large Italian energy wholesale company. Findings – A set of key risk indicators to measure price and volume risks is presented in the results, split into synthesis risk, unbalanced risks, modulation risks and risks derived from bilateral contracts. These indicators are applied to the case study, and each risk is prioritised and discussed. Originality/value – This contribution is one of the first attempts to analyse energy procurement risks in a non-speculative approach. The proposed method allows: first, to evaluate and prioritise the three major types in the energy procurement process, second, to observe the trend of risk exposure, third, the performance measurement of the procurement process, and fourth, benchmarking activities if widely implemented in the energy sector.


2019 ◽  
Vol 15 (2) ◽  
pp. 313
Author(s):  
Syntia ., Pandey ◽  
Melsje Yellie Memah ◽  
Jean Fanny Junita Timban

This study aims to determine how the role of Ora et Labora Farmers Group in increasing the productivity of wetland rice farming in Taratara Satu Village, Tomohon Barat District, Tomohon City. The Ora et Labora Farmer Group was choose purposevly and all the board members and members of the Farmer Group as respondents. This study used primary data and secondary data. Primary data was carried out by direct interviews with 10 farmers who were members and board members of the Ora et Labora Farmer Group. Secondary data was obtained from the Taratara Satu Village Office in Tomohon Barat Subdistrict, local bookstores, the internet through google scholar to get electronic books, journal articles and theses that related to the research topic on the role of Farmer Groups in increasing productivity of lowland rice farming. The data analysis method used in this study is descriptive analysis and then interpreted to draw conclusions. The results showed that there was an increase in farm productivity compared to before joining the Ora et Labora farmer group. Ora et Labora farmer group has played a role in increasing the productivity of rice farming in farmer groups in Taratara Satu Village, Tomohon Barat Subdistrict, Tomohon City, therefore was classified to the good category.-*eprm*


2019 ◽  
Vol 9 (3) ◽  
pp. 255-275 ◽  
Author(s):  
Pratap Birthal ◽  
Akanksha Negi ◽  
P.K. Joshi

Purpose Post-2008 global food crisis the prices of perishable high-value food commodities, such as vegetables and fruits, in India have risen faster and become more volatile compared to that of cereals. The welfare consequences of price shocks though are well understood yet the policy responses to manage these remain blurred because of a lack of clarity on their causes. Focusing on onions that comprise an important constituent of the Indian diet, the purpose of this paper is to explore causes of high price volatility. Design/methodology/approach Using high-frequency time series data on wholesale prices and arrivals of onions in major markets and other relevant variables, this paper analyzes causes of price volatility from several angles, that is production shocks, seasonality in production and market arrivals, internal trade, export policies and market power of intermediaries on the supply chain. Findings Despite markets being integrated and no significant climatic shocks to production there exists a strong element of uncertainty in market arrivals of onions, pointing toward the market power immediate downstream the production or alternatively anti-competition trade practices in major markets as a cause of high price volatility. The measures to manage price volatility, such as an increase in minimum export prices and bans on exports, are also not found to have an immediate cooling effect on prices. Research limitations/implications The agricultural policy should provide for a system of market intelligence to monitor anti-competitive trade practices along the supply chain, and to take proactive trade control measures to prevent frequent ups and downs in domestic prices. In addition, it should provide for incentives for developing efficient supply chains and for the cultivation of onions in the regions that have agronomic potential but it has remained underexploited due to one or the other constraint. Social implications Excessive volatility in food prices impacts farmers, consumers, processors, and traders and even political system. It may distort production and investment decisions of farmers and intermediaries on the value chains, leading to inefficient allocation of resources. The poor consumers may be forced to reduce food and non-food productive expenditures. If persists for a longer period, it may lead to political instability too. Originality/value Several studies have analyzed volatility in food prices and causes thereof. However, rarely any of these has examined volatility in prices of perishable high-value food commodities. This paper is an attempt toward filling this gap.


2018 ◽  
Vol 10 (2) ◽  
pp. 185-205
Author(s):  
Hassan Akram ◽  
Khalil ur Rahman

PurposeThis study aims to examine and compare the credit risk management (CRM) scenario of Islamic banks (IBs) and conventional banks (CBs) in Pakistan, keeping in view the phenomenal growth of Islamic banking and its future implications.Design/methodology/approachA sample of five CBs and four IBs was chosen out of the whole banking industry for the study. Secondary data obtained from the banks’ annual financial reports for 13 years, starting from 2004 to 2016, were analyzed. Multiple regression, correlation and descriptive analysis were used in the examination of the data.FindingsThe results show that loan quality (LQ) has a positive and significant impact on CRM for both IBs and CBs. Asset quality (AQ), on the other hand, has a negative impact on CRM in the case of IBs, but has a significantly positive relation with CRM in the case of CBs. The impact of 16 ratios measuring LQ and AQ have also been individually checked on CRM, by making use of a regression model using a dummy variable of financial crises for robust comparison among CBs and IBs. The model proved significant, and CRM performance of IBs was observed to be better than that of CBs. Moreover, the mean average value of financial ratios used as a measuring tool for these variables shows that the CRM performance of IBs operating in Pakistan was better than that of CBs over the period of the study.Practical implicationsThe research findings are expected to facilitate bankers, investors, academics and policy makers to build a better understanding of CRM practices as adopted by CBs and IBs. The findings would be useful in formulating policy measures for the progress of the banking industry in Pakistan.Originality/valueThis research is unique in terms of its approach toward analyzing and comparing CRM performance of CBs and IBs. Such work has not been carried out before in the Pakistani banking industry.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Folowosele Folarin Akinwale ◽  
Ikpefan Ochei Ailemen ◽  
Isibor Areghan

Purpose This study aims to review the degree to which fraud and other unethical practices especially in the digital space have affected the Nigerian banking industry both in the past and present, and how it will be a growing concern in the imminent future. The objective of the study was to examine the impact of electronic fraud on the quality of assets and return on assets of Nigerian deposit money banks. Design/methodology/approach The research used secondary data for the periods 2006 till 2018, which were collected from the Nigeria Deposit Insurance Corporation annual reports. Descriptive analysis and the ordinary least square method of regression analysis were used for data analysis. Findings Findings revealed that electronic fraud cases increased progressively over most of the years of study, which can be attributed to the increased bank products that are electronic-based. Originality/value Many of the reviewed literature examined electronic fraud and its impact on bank profitability but this study examined the cause of electronic fraud and what can be done to curtail it.


2017 ◽  
Vol 18 (4) ◽  
pp. 807-831 ◽  
Author(s):  
I-Chen Lee ◽  
Carol Y.Y. Lin ◽  
Te-Yi Lin

Purpose The purpose of this paper is to explain the difference of national intellectual capital from the perspective of national culture and to illustrate how national leaders or policy-makers increase their country’s national intellectual capital. Design/methodology/approach The study conducts a descriptive analysis combining the research outcome of Lin and Edvinsson’s (2011) national intellectual capital with Hofstede’s (2001) national culture. The research findings and results of these two studies were compared before running a t-test to determine whether countries with relatively high national intellectual capital have a higher level of certain national culture. Findings Based on the matching data of 26 countries, the study proposed that countries with certain national culture possess lower intellectual capital. Countries with high intellectual capital tend to exhibit a common culture of low power distance, weak uncertainty avoidance, and individualism. Practical implications The study suggests that for a country to enhance its overall intellectual capital, it should strive for a culture of equality, freedom and safety, and an active competitive environment, while avoiding social class distance in order to eliminate insecurity. The study proposes some suggestions to advance the countries’ national intellectual capital. In addition to admit the weakness of their intellectual capital due to cultural reasons, these countries could go a step further to increase their own national intellectual capital by increasing or enhancing certain national cultures if possible. Originality/value The study compares national intellectual capital and national culture and finds the relationship between these two sets of constructs. This study proves that national culture not only influences the strategies or behaviors of business level but also the competitiveness of national levels.


2019 ◽  
Vol 15 (2) ◽  
pp. 281
Author(s):  
Renovaldo Imanuel Apituley ◽  
Benny Adrian Berthy Sagay ◽  
Jean Fanny Junita Timban

This study aims to determine the business profile of Manado Monocafe Coffee House and to find out how much profit from the Monocafe Coffee House business that sells coffee and food drinks. This research was conducted at Monocafe Coffee House in Wenang Selatan Village, Manado City. Data retrieval is done by direct interview with the coffee house owner (one respondent). Data collected is the characteristics of business actors, financial aspects, management aspects, technical and productionaspects, marketing aspects, and profits. Secondary data was obtained from the Monocafe Coffee House business profile, local book store, internet through google searching to obtain journal articles and thesisrelated to the research topic about the business profile of Monocafe Coffee House. Data analysis using descriptive analysis and profit analysis. The results showed that the Monocafe Coffee House business was a small business. Started operating since 2016 by using its own capital. The amount of coffee raw material used in one month (in August 2018) is 6 Kg producing 1,156 drinks and 662 food items. The advantage obtained with the R / C> 1 ratio is 1.40. This means that in August 2018 the Monocafe Coffee House business has benefited so that this business is worthy of continuing.-*eprm*


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Rocco Palumbo ◽  
Rosalba Manna ◽  
Mauro Cavallone

Purpose Managerialization – i.e. the institutional and organizational transformation of cultural institutions acknowledging the need for a managerial action to address their value propositions – is radically reshaping the way museums interact with relevant stakeholders and arrange their service offering. The paper aims at making sense out of the manifold implications of managerialization on museum activities. Design/methodology/approach Secondary data were collected from a sample of 4,073 Italian museums and art institutions. A logit regression model was designed to investigate the implications of museums’ managerialization on pricing strategies, service offering, organizational and marketing policies, inter-organizational relationships and digitalization. Findings Managerialization triggered an evolution in museums’ service offering and organizational practices. Institutions that underwent a managerial development were more likely to innovate their policies and strategies. However, managerialization may undermine the way museums focus on disadvantaged people, nurturing inequalities in the access to their service offering. Practical implications The managerialization of museums should be handled as a double-edged sword. Although it contributes in enriching the museums’ service offering and in differentiating their activities, it may generate drawbacks on the art institutions’ ability to address the demands of underprivileged groups. Tailored correctives are needed to avoid the side effects of managerialization. Originality/value This is one of the first attempts to investigate the implications of managerialization on museums’ practices and inter-organizational relationships. The research findings provide some insights into the challenges that are related to the managerialization of museums and art institutions.


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