An empirical investigation into market risk disclosure: is there room to improve for Italian banks?

2020 ◽  
Vol 28 (3) ◽  
pp. 465-483
Author(s):  
Salvatore Polizzi ◽  
Enzo Scannella
Keyword(s):  
Methodological Approach ◽  
Market Risk ◽  
Risk Disclosure ◽  
Crucial Issue ◽  
Financial Reports ◽  
Content Type ◽  
Management Commentary ◽  
Depth Analysis ◽  
Practical Implications ◽  
Risk Reporting

Purpose This paper aims to examine the market risk disclosure practices of large Italian banks. The contribution provides insights on the way banks should provide information about market risk. The problem related to the asymmetric information between banks from one side, and investors and stakeholders on the other, represents a crucial issue that requires further considerations by scholars and regulators. Design/methodology/approach This contribution adopts a mixed methodological approach to analyse both qualitative and quantitative profiles of market risk disclosure in banking. This paper analyses the most important documents Italian banks are required to prepare for risk disclosure purposes, namely the management commentary, the Basel Pillar 3 disclosure report and the notes. Findings The results show that banks do not fully exploit the potentialities of management commentary and Pillar 3 disclosure report. Various areas of information overlapping between the different financial reports worsen the overall comprehensibility and relevance of bank risk reporting. Practical implications The reduction of the information overlapping, the careful choice of the location of the information and more appropriate use of the management commentary to provide qualitative information about market risk strategies represent crucial areas of improvement banks and regulators should take into account. Originality/value Providing an in-depth analysis of the market risk disclosure practices of a sample of large Italian banks, this paper detects the main drawbacks of their market risk reporting and provides useful recommendations to improve it.

scholarly journals “Happy slaves”? The adaptation problem and identity politics in the writings of Amartya Sen

2016 ◽  
Vol 43 (12) ◽  
pp. 1178-1193
Author(s):  
Tony Burns
Keyword(s):  
Identity Politics ◽  
Design Methodology ◽  
Conceptual Analysis ◽  
Practical Implication ◽  
Methodological Approach ◽  
Mary Wollstonecraft ◽  
Amartya Sen ◽  
Content Type ◽  
The Relationship ◽  
Practical Implications

Purpose The purpose of this paper is to examine the relationship between Amartya Sen’s notion of adaptation and his views on identity politics by focussing on the issue of slavery and, more specifically, on the example of the happy or contented slave. Design/methodology/approach The paper is text based. The methodological approach adopted is that of conceptual analysis, as is typical for work of this kind. Findings The paper concludes that the example of the happy or contented slave is indeed a fruitful one for those interested in exploring the relationship between Sen’s views on “the adaptation problem” and his views on identity politics, especially in relation to the subjection of women. Here Sen’s debt to the ideas of Mary Wollstonecraft and John Stuart Mill is particularly important. Research limitations/implications One implication of the argument of the paper is that there is a need to consider more carefully the differences that exist between the views of Wollstonecraft and Mill, so far as the example of the happy or contented slave is concerned. Practical implications One practical implication of the paper is that, hopefully, it establishes the continued relevance of the ideas of thinkers such as Wollstonecraft and Mill today, not least because of the influence that they have had on theoreticians such as Amartya Sen. Social implications The paper addresses issues which are of considerable social and political significance, especially for women in underdeveloped societies today. Originality/value The example of the happy or contented slave has not received much discussion in the literature on Sen, although Sen himself has suggested that the distinction between happiness and contentment is an important one, which does merit further discussion.

Application of a methodological approach to compare ontologies

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yudith Cardinale ◽  
Maria Alejandra Cornejo-Lupa ◽  
Alexander Pinto-De la Gala ◽  
Regina Ticona-Herrera
Keyword(s):  
Domain Knowledge ◽  
Design Methodology ◽  
Methodological Approach ◽  
Quality Model ◽  
Specific Domain ◽  
Content Type ◽  
Localization And Mapping ◽  
Golden Standard ◽  
Knowledge Levels ◽  
Practical Implications

Purpose This study aims to the OQuaRE quality model to the developed methodology. Design/methodology/approach Ontologies are formal, well-defined and flexible representations of knowledge related to a specific domain. They provide the base to develop efficient and interoperable solutions. Hence, a proliferation of ontologies in many domains is unleashed. Then, it is necessary to define how to compare such ontologies to decide which one is the most suitable for the specific needs of users/developers. As the emerging development of ontologies, several studies have proposed criteria to evaluate them. Findings In a previous study, the authors propose a methodological process to qualitatively and quantitatively compare ontologies at Lexical, Structural and Domain Knowledge levels, considering correctness and quality perspectives. As the evaluation methods of the proposal are based on a golden-standard, it can be customized to compare ontologies in any domain. Practical implications To show the suitability of the proposal, the authors apply the methodological approach to conduct comparative studies of ontologies in two different domains, one in the robotic area, in particular for the simultaneous localization and mapping (SLAM) problem; and the other one, in the cultural heritage domain. With these cases of study, the authors demonstrate that with this methodological comparative process, we are able to identify the strengths and weaknesses of ontologies, as well as the gaps still needed to fill in the target domains. Originality/value Using these metrics and the quality model from OQuaRE, the authors are incorporating a standard of software engineering at the quality validation into the Semantic Web.

Entrepreneurship and fintech development: comparing reward and equity crowdfunding

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ciro Troise ◽  
Diego Matricano ◽  
Elena Candelo ◽  
Mario Sorrentino
Keyword(s):  
Design Methodology ◽  
State Of The Art ◽  
Methodological Approach ◽  
Point Of View ◽  
Comparative Approach ◽  
Current Debate ◽  
Content Type ◽  
Equity Crowdfunding ◽  
Research Propositions ◽  
Practical Implications

Purpose Starting from the state-of-the-art of Fintech development, this study aims to propose some research propositions comparing reward-crowdfunding (RCF) and equity-crowdfunding (ECF). In this sense, the present research provides a comprehensive analysis of fintech development and – to conceptualize the comparison between RCF and ECF – it focuses on campaigns’ characteristics, aims and post-campaigns scenarios. Design/methodology/approach All the research propositions related to the comparison between RCF and ECF are rooted in dedicated literature. The methodological approach adopted in the present paper can be referred to theorizing. Findings This study suggests that five key elements characterize the development of fintech: regulation, infrastructure, technologies, finance and innovations. The research provides nine propositions: four related to the campaigns’ characteristics; two related to the use of crowdfunding models by entrepreneurs; and three related to the performance of crowdfunded companies. Practical implications By offering nine research propositions, this study is expected to foster and support the investigation of fintech development from an entrepreneurial and managerial point of view. Originality/value To the best of authors’ knowledge, this study is among the first to explore the fintech development and to propose a comparative approach between RCF and ECF. This research contributes to the current debate on fintech development as well as on the comparison between crowdfunding models.

scholarly journals Emotions as core building blocks of an experience

2019 ◽  
Vol 31 (2) ◽  
pp. 651-668 ◽  
Author(s):  
Marcel Bastiaansen ◽  
Xander Dennis Lub ◽  
Ondrej Mitas ◽  
Timothy Hyungsoo Jung ◽  
Mário Passos Ascenção ◽  
...  
Keyword(s):  
Cognitive Neuroscience ◽  
Methodological Approach ◽  
Building Blocks ◽  
Content Type ◽  
Fine Grained ◽  
Constituent Element ◽  
Temporal Succession ◽  
Leisure Industry ◽  
Constituent Elements ◽  
Practical Implications

PurposeThis paper aims to stimulate the discussion in the fields of hospitality, tourism and leisure on what exactly constitutes “an experience” and how to measure it; the authors unpack the experience construct into its core constituent elements, namely, emotions.Design/methodology/approachThe paper reviews insights from psychology and cognitive neuroscience that define experiences as a fine-grained temporal succession of emotions that occur during an experiential episode. Limitations of current methods for measuring experiences are discussed, after which biometric and neuroscientific methods are reviewed that are optimally geared toward measuring emotions, as they occur during an experience with fine temporal detail.FindingsAn overview is presented of the available studies within the fields of hospitality, tourism and leisure that use these methodologies. These studies show that using these methodologies provides a fruitful methodological approach to measuring experiences in real time.Practical implicationsCompanies are constantly seeking to create memorable experiences for their customers. The proposed research methodologies allow companies to get a more fine-grained image of what impacts customers over the course of their experience and to actively integrate the use of emotions into creating experiences, as emotions are key to making them memorable.Originality/valueThe paper sketches the contours of a rapidly emerging framework that unpacks memorable experiences into their constituent element – emotions. It is proposed that this will contribute to a deeper understanding of how consumers experience offerings in the hospitality, tourism and leisure industry.

For ethical reflection, establish a clear technical foundation

2019 ◽  
Vol 17 (3) ◽  
pp. 292-294
Author(s):  
Chuck Huff
Keyword(s):  
Software Development ◽  
Methodological Approach ◽  
Technical Analysis ◽  
Knowledge Bases ◽  
Ethical Analysis ◽  
Ethical Reflection ◽  
Content Type ◽  
Ethical Education ◽  
Qualitative Approaches ◽  
Practical Implications

Purpose This viewpoint aims to highlight the necessarily technical nature of ethics in software development, propose a label (ethical bypassing) for ethical analysis that does not lead to ethical action and introduce a philosophical foundation for technical analysis that leads to ethical software development. Design/methodology/approach The methodological approach is one of technical analysis that is aware of social science and philosophical knowledge bases. Findings The findings establish a clear technical foundation that is crucial to ethical analysis that will actually inform software development. Research limitations/implications The idea that beginning with technical expertise is the best way to begin ethical reflection on a technical implementation has been often suggested, but not really empircally tested. Research using cases or other qualitative approaches would need to be done to add credibility to the claim. Practical implications This approach suggests that collaboration between technically informed ethicists and ethically informed technical experts should begin with the exploration of the technical questions rather than with ethical speculation. Social implications A common approach to ethical education is to concentrate on ethical theory and its application in technical contexts. This approach suggests that this may lead to ethical bypassing by the student, the avoidance of the making technical decisions by extensive ethical reflection. Originality/value This paper introduces a new term, ethical bypassing, to the literature on the ethics of software development.

The responsibility of an ethnocentric consumer – nationalistic, patriotic or environmentally conscientious? A critical discourse analysis of “buy domestic” campaigns

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Tiia-Lotta Pekkanen ◽  
Visa Penttilä
Keyword(s):  
Discourse Analysis ◽  
Critical Discourse Analysis ◽  
Corporate Responsibility ◽  
Methodological Approach ◽  
Critical Discourse ◽  
Content Type ◽  
Responsible Consumption ◽  
Consumer Responsibility ◽  
Practical Implications

PurposeThe study examines the responsibilisation of an ethnocentric consumer in commercial, meta-organisational discourses. In addition to nationalistic and patriotic discourses, the focus is on wider conceptualisations of consumer responsibility.Design/methodology/approachThe paper uses critical discourse analysis as a methodological approach to conduct an empirical case study on the texts of two producer-driven labelling campaigns.FindingsThe campaign texts create possibilities for ethnocentric consumption with positioning, argumentative and classificatory discourses. Patriotic responsibilisation is emphasised, together with rationales to take action on environmental concerns.Practical implicationsThe study highlights the responsibility of marketers over their corporate responsibility communication, suggesting that ethnocentric promotions may have the power to alter how consumers take action on various responsibility concerns.Social implicationsThe study surfaces the tensions that responsible consumption can entail for consumers. Indeed, nationalistic and patriotic discourses may alter our understanding of responsibility issues that may seem completely separate from the concepts of nationalism and patriotism.Originality/valueThe paper shows how different organisational texts are deployed to bring about the idea of ethnocentric consumption and how this relates to responsibility discourses, nationalism and patriotism.

scholarly journals Intellectual capital disclosure practices of financial institutions in an emerging economy

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Syed Abdulla Al Mamun ◽  
Alima Aktar
Keyword(s):  
Financial Institutions ◽  
Intellectual Capital ◽  
Design Methodology ◽  
Stock Exchange ◽  
Emerging Economy ◽  
Content Type ◽  
Strategic Resources ◽  
Depth Analysis ◽  
External Capital ◽  
Practical Implications

Purpose The purpose of this study is to investigate the intellectual capital disclosure (ICD) practices of financial institutions in an emerging economy of Bangladesh. Design/methodology/approach Based on 93 items of intellectual capital categorized into internal capital, external capital and human capital, ICD index is developed for 53 financial institutions listed in Dhaka Stock Exchange. This study uses descriptive statistics to analyze ICD practices, and parametric and non-parametric tests to analyze the variation of ICD practices in terms of different categories as well as in terms of different sectors. Findings Results indicate that more than 70% of ICD items are generally not disclosed by financial institutions in Bangladesh. The highest of 36% of external capital disclosure items are disclosed, whereas the lowest of 18% of human resource capital elements are disclosed. Furthermore, results find the significant variability of ICD practices in terms of different intellectual capital categories and in between banking companies and non-banking financial institutions. Practical implications Findings have critical implications for managers, policymakers and regulators for setting appropriate strategies and regulations for improving the level of ICD, which, in turn, may reduce the information asymmetry problems of financial institutions as well. Originality/value In-depth analysis about variability of ICD practices creates value in the ICD literature by highlighting strategic priority of financial institutions to disclose information about the strategic resources in unique emerging economic settings such as Bangladesh.

scholarly journals Accounting and accountability in the Anthropocene

2019 ◽  
Vol 33 (1) ◽  
pp. 152-177 ◽  
Author(s):  
Jan Bebbington ◽  
Henrik Österblom ◽  
Beatrice Crona ◽  
Jean-Baptiste Jouffray ◽  
Carlos Larrinaga ◽  
...  
Keyword(s):  
Design Methodology ◽  
Well Being ◽  
Content Type ◽  
Human Interactions ◽  
Accounting Practice ◽  
Depth Analysis ◽  
Social Environmental ◽  
Further Development ◽  
Practical Implications

Purpose The purpose of this paper is to interrogate the nature and relevance of debates around the existence of, and ramifications arising from, the Anthropocene for accounting scholarship. Design/methodology/approach The paper’s aim is achieved through an in-depth analysis of the Anthropocene, paying attention to cross-disciplinary contributions, interpretations and contestations. Possible points of connection between the Anthropocene and accounting scholarship are then proposed and illuminated through a case study drawn from the seafood sector. Findings This paper develops findings in two areas. First, possible pathways for further development of how accounting scholarship might evolve by the provocation that thinking about the Anthropocene is outlined. Second, and through engagement with the case study, the authors highlight that the concept of stewardship may re-emerge in discussions about accountability in the Anthropocene. Research limitations/implications The paper argues that accounting scholarship focused on social, environmental and sustainability concerns may be further developed by engagement with Anthropocene debates. Practical implications While accounting practice might have to change to deal with Anthropocene induced effects, this paper focuses on implications for accounting scholarship. Social implications Human well-being is likely to be impacted if environmental impacts accelerate. In addition, an Anthropocene framing alters the understanding of nature–human interactions and how this affects accounting thought. Originality/value This is the first paper in accounting to seek to establish connections between accounting, accountability and the Anthropocene.

China-based logistics research: a review of the literature and implications

2014 ◽  
Vol 44 (5) ◽  
pp. 392-411 ◽  
Author(s):  
Xiaohong Liu
Keyword(s):  
Design Methodology ◽  
Methodological Approach ◽  
Research Needs ◽  
Review Of The Literature ◽  
Research Focus ◽  
Research Setting ◽  
Content Type ◽  
Methodological Rigor ◽  
Practical Implications ◽  
Low Rate

Purpose – The purpose of this paper is to investigate the extent to which research opportunities on China's logistics have been identified in the field. Design/methodology/approach – In order to fulfill the research objective, a literature-based survey was executed in eight peer-reviewed logistics and supply chain management journals during the 2001-2012 timeframe. In total, 91 articles were examined and analyzed from three perspectives: research focus, theoretical base and methodological approach. A content analysis was used to classify and assess the analytical units with selected examples from the articles surveyed. Findings – The analysis reveals that a number of research foci have been addressed, but there are some fertile areas that researchers could explore in view of the evolution of logistics and transitional trends in present-day China. Theory applications were applied in few papers, showing a low rate of usage of theories. Different research techniques have been applied, but greater methodological rigor is expected to be achieved, given the unique research setting in China. Research limitations/implications – While the study has consulted the major logistics journals in the logistics field in which researchers aim to pursue their publications regarding China-based logistics research, it should be noted that contributions in other journals may have been missed. Practical implications – The study sheds new light on the research needs and opportunities for advancing China-based logistics research; for those researchers interested in China's logistics, it provides options which may lead to further, valuable research in this area. Originality/value – This paper represents the first attempt to examine a body of literature on China-based logistics research. It provides implications for future study.

Domain-specific market segmentation using a latent class mixture modelling approach and wine-related lifestyle (WRL) algorithm

2017 ◽  
Vol 51 (9/10) ◽  
pp. 1552-1576 ◽  
Author(s):  
Johan Bruwer ◽  
Elton Li
Keyword(s):  
Market Segmentation ◽  
Latent Class ◽  
Methodological Approach ◽  
Classification Error ◽  
Content Type ◽  
Domain Specific ◽  
Mixture Modelling ◽  
Segmentation Approach ◽  
Practical Implications ◽  
Modelling Approach

Purpose Since the publication of Van Raaij and Verhallen’s seminal work in European Journal of Marketing in 1994, identifying the domain-specific market segmentation approach as one of the most feasible for segmenting markets, there has been surprisingly limited development in this field, with the food domain as the only exception. This study aims to develop a methodological approach using latent class mixture modelling as contribution in the domain-specific market segmentation field. Design/methodology/approach This study captures the AIO lifestyle perspective using a domain-specific 80-item algorithm which has the wine (product) domain as its focus. A sample size of 811 consumers is used from data collected by means of the CATI approach. Findings The authors use four criteria for model selection: comparison of the Bayesian information criterion (BIC) statistic, comparison of classification error, verification of the interpretation of the derived segments and, finally, use of the conditional bootstrap procedure to test whether the selected model provides a significant improvement over the previous model. The five-segment model option yields a minimum BIC, the classification error measure is minimal and is easier to interpret than the other models. Segment descriptions for the five identified lifestyle-based segments are developed. Research limitations/implications Segmentation by traditional k-means clustering has proven to be less useful than the more innovative alternative of mixture regression modelling; therefore, the authors identify segments in the market on the basis of individuals’ domain-specific lifestyle characteristics using a latent class mixture modelling approach. Practical implications Following the attainment of a clear and robust market segmentation structure, the simultaneous analysis of the lifestyles, demographics and behaviours of consumers as nexus of the domain-specific segmentation approach, provides rich and valid information accurately informing the market segment descriptions. Originality/value The authors make a substantive contribution by developing a methodological approach using latent class mixture modelling; the first of its kind in the area of domain-specific segmentation. Next, they use the discriminant and/or predictive validity of the 80-scale items to predict cluster membership using the WRL algorithm. Finally, the authors describe the identified market segments in detail and outline the practical implications.

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