EU seeks overhaul of digital markets with new rules

2020 ◽  
Keyword(s):  
Social Media ◽  
Data Privacy ◽  
Digital Economy ◽  
State Aid ◽  
Bright Spot ◽  
Policy Area ◽  
Content Type ◽  
Core Elements ◽  
The Uk ◽  
The Eu

Significance The EU has exercised significant authority over the digital economy in areas ranging from data privacy and antitrust to illegal state aid and social media disinformation. Under President Ursula von der Leyen, the Commission is maintaining the pace of digital policy and regulation. Impacts The digital package will intensify the debate on where the balance should lie between national and EU regulatory responsibilities. EU willingness to apply core elements of the UK approach to digital competition is a bright spot in the otherwise fraught Brexit talks. Post-Brexit, UK and EU authorities are likely to cooperate on digital taxation at the OECD level. Online disinformation will remain an extremely difficult policy area.

Divergence from EU on AI rules may hurt UK firms

2021 ◽  
Keyword(s):  
Artificial Intelligence ◽  
United Kingdom ◽  
New Technologies ◽  
Digital Economy ◽  
Content Type ◽  
The United Kingdom ◽  
Uk Government ◽  
The Uk ◽  
The Eu

Significance Freed from the EU’s control, London insists, the United Kingdom could become a hub for new technologies. To this end, besides setting out some other objectives, it has prepared a ten-year strategy to foster innovation in artificial intelligence (AI) systems. Impacts UK plans to adapt GDPR to favour business and innovation will be opposed by consumer and privacy activists, possibly in courts. Regulatory divergence with the EU in critical sectors such as the digital economy will hurt UK-EU ties. The UK government may struggle to benefit from partnerships developed in the EU-US Trade and Technology Council.

EU capital markets union plan promises gradual results

2015 ◽  
Keyword(s):  
Capital Markets ◽  
Capital Movement ◽  
Policy Area ◽  
Content Type ◽  
Freedom Of Movement ◽  
Capital Markets Union ◽  
Accounting Rules ◽  
Eu Directives ◽  
The Uk ◽  
The Eu

Significance The Commission's plan aims to further the freedom of movement for capital within the EU single market, and so boost growth. Capital movement is hampered by different national regulations, tax and accounting rules, and national interpretations of EU directives. The Commission aims especially to facilitate financing for small and medium-sized enterprises (SMEs). Impacts The nature of the policy area and the Commission's plans mean SMEs' access to financing is unlikely to ease quickly. The UK government will use the CMU to say the EU is liberalising, but its end-2017 referendum deadline falls before results will be clear. Post-crash, renewed financial sector liberalisation carries risks and could excite political opposition, including on the UK left.

EU will loosen state aid rules for priority areas

2021 ◽  
Keyword(s):  
Carbon Emissions ◽  
Public Funding ◽  
State Aid ◽  
Content Type ◽  
Priority Areas ◽  
Eu Countries ◽  
Large Member ◽  
The Uk ◽  
Aid Policy ◽  
The Eu

Significance According to the Commission, “the aim of the ongoing revisions is to promote public funding, which contributes to the achievement of current EU priorities, notably the Green Deal and the European Industrial and Digital Strategies”. At the same time, the Commission is introducing tougher regulation to crack down on state aid from non-EU countries. Impacts More green and digital state aid may not be enough to offset the costs associated with reducing carbon emissions. The EU will be reluctant to tackle large member states which protect firms that are not climate friendly but are strategically important. The UK post-Brexit state aid policy, due to enter into force in 2022, could be the source of further tension in UK-EU relations.

Brexit will give the UK economy new opportunities

2020 ◽  
Keyword(s):  
State Aid ◽  
Tourism Industry ◽  
Content Type ◽  
Recruitment Methods ◽  
Domestic Tourism ◽  
Uk Government ◽  
The Uk ◽  
Regulatory Flexibility ◽  
Trade Deals ◽  
The Eu

Significance The main impacts of Brexit will be new tariff and non-tariff barriers, a new immigration regime that will favour medium- and high-skilled people from outside the EU, the ability to strike new trade deals, and greater regulatory flexibility. Impacts The United Kingdom’s domestic tourism industry could benefit as travelling to the EU will become more expensive. By “taking back control” of state aid, the UK government will come under greater and more sustained pressure to subsidise companies. Sectors adversely affected by the new immigration plans will have to invest strongly in new recruitment methods.

scholarly journals Social media and sentiment in bioenergy consultation

2016 ◽  
Vol 10 (1) ◽  
pp. 87-98 ◽  
Author(s):  
Victoria Uren ◽  
Daniel Wright ◽  
James Scott ◽  
Yulan He ◽  
Hassan Saif
Keyword(s):  
Social Media ◽  
New Media ◽  
Sentiment Analysis ◽  
Opinion Mining ◽  
Public Consultation ◽  
Short Paper ◽  
Consultation Process ◽  
Content Type ◽  
The Public ◽  
The Uk

Purpose – This paper aims to address the following challenge: the push to widen participation in public consultation suggests social media as an additional mechanism through which to engage the public. Bioenergy companies need to build their capacity to communicate in these new media and to monitor the attitudes of the public and opposition organizations towards energy development projects. Design/methodology/approach – This short paper outlines the planning issues bioenergy developments face and the main methods of communication used in the public consultation process in the UK. The potential role of social media in communication with stakeholders is identified. The capacity of sentiment analysis to mine opinions from social media is summarised and illustrated using a sample of tweets containing the term “bioenergy”. Findings – Social media have the potential to improve information flows between stakeholders and developers. Sentiment analysis is a viable methodology, which bioenergy companies should be using to measure public opinion in the consultation process. Preliminary analysis shows promising results. Research limitations/implications – Analysis is preliminary and based on a small dataset. It is intended only to illustrate the potential of sentiment analysis and not to draw general conclusions about the bioenergy sector. Social implications – Social media have the potential to open access to the consultation process and help bioenergy companies to make use of waste for energy developments. Originality/value – Opinion mining, though established in marketing and political analysis, is not yet systematically applied as a planning consultation tool. This is a missed opportunity.

scholarly journals Defining user risk in social networking services

2015 ◽  
Vol 67 (1) ◽  
pp. 94-115 ◽  
Author(s):  
David Haynes ◽  
Lyn Robinson
Keyword(s):  
Social Media ◽  
Social Networking ◽  
Personal Data ◽  
Sample Survey ◽  
Policy Makers ◽  
Social Networking Services ◽  
Content Type ◽  
The Uk ◽  
Purposive Sample ◽  
Risk Categories

Purpose – The purpose of this paper is to identify the risks faced by users of online social networking services (SNSs) in the UK and to develop a typology of risk that can be used to assess regulatory effectiveness. Design/methodology/approach – An initial investigation of the literature revealed no detailed taxonomies of risk in this area. Existing taxonomies were reviewed and merged with categories identified in a pilot survey and expanded in purposive sample survey directed at the library and information services (LIS) community in the UK. Findings – Analysis of the relationships between different risk categories yielded a grouping of risks by their consequences. This aligns with one of the objectives of regulation, which is to mitigate risks. Research limitations/implications – This research offers a tool for evaluation of different modes of regulation of social media. Practical implications – Awareness of the risks associated with use of online SNSs and wider social media contributes to the work of LIS professionals in their roles as: educators; intermediaries; and users of social media. An understanding of risk also informs the work of policy makers and legislators responsible for regulating access to personal data. Originality/value – A risk-based view of regulation of personal data on social media has not been attempted in such a comprehensive way before.

New EU, Chinese rules to restructure digital economy

2021 ◽  
Keyword(s):  
Developing Country ◽  
Digital Economy ◽  
Corporate Restructuring ◽  
Content Type ◽  
The Eu

Significance A small number of giant companies dominate segments of their digital markets: in China Tencent, Alibaba and Baidu have become household names, and in the EU the same applies to Google, Facebook, Amazon and Apple. Antitrust efforts of these two jurisdictions converge and diverge in important ways. Impacts Calls for corporate restructuring of existing platforms have limited policy traction in the EU and China. EU and Chinese regulations will be watched by both US and developing-country regulators for their commercial impact. EU action against US ‘big tech’ will strain transatlantic ties.

Brexit will bring Gibraltar closer to the EU

2021 ◽  
Keyword(s):  
State Aid ◽  
Unfair Competition ◽  
Growth Opportunities ◽  
Content Type ◽  
Illegal Migrants ◽  
Future Growth ◽  
The Eu

Significance The bilateral deal avoids a hard border by including Gibraltar in the Schengen free travel system. This also obliges Gibraltar to align more closely with EU rules in areas such as finance, labour and the environment. Impacts The removal of the land border between Spain and Gibraltar could make Spain more exposed to illegal migrants. UK state aid to Gibraltar that is perceived as fueling unfair competition could become an issue of tension between Brussels and London. Amid UK-EU tension, Gibraltar’s e-gaming services (25% of GDP) will look to Asia for future growth opportunities.

scholarly journals What do students think of self-determined learning in entrepreneurship education?

2018 ◽  
Vol 60 (7/8) ◽  
pp. 841-856 ◽  
Author(s):  
Isla Kapasi ◽  
Galina Grekova
Keyword(s):  
Entrepreneurship Education ◽  
Practical Experience ◽  
Potential Contribution ◽  
Content Type ◽  
Approach To Learning ◽  
Mixed Methods Approach ◽  
Perceived Employability ◽  
The Uk ◽  
Uk Higher Education ◽  
The Eu

Purpose The purpose of this paper is to examine the perceptions and perspectives of students with regards to self-determined learning in an entrepreneurship education (EE) context and its potential contribution to employability. Design/methodology/approach This research used a mixed-methods approach with a sample of 25 students currently attending a UK higher education institute. The students had access to participation in EE modules but self-determined learning-informed modules or programmes were not currently offered. Students were invited to attend focus groups and as a result of emergent themes, a business school-wide survey was developed. Findings This research makes two tentative contributions to the EE field. First, the findings of this student cohort are similar to those found throughout the UK and the EU with regard to the perception of the value of a degree by students; its contribution to the hidden curriculum; and the importance of practical experience. The research also adds to the field by considering the value of a self-determined learning approach to developing the capabilities and competencies of graduates. This approach to learning in a context of EE was in general well received by potential students, particularly the applied aspect of the programme. However, there is a perception of risk about this approach to learning and students are concerned about the value of a programme like this to employers in general. Originality/value The study contributes to discussions on the value of EE on perceived employability and in particular self-determined learning through entrepreneurship activity.

scholarly journals Big data analytics of corporate internet disclosures

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mohamed A.K. Basuony ◽  
Ehab K.A. Mohamed ◽  
Ahmed Elragal ◽  
Khaled Hussainey
Keyword(s):  
Social Media ◽  
Firm Size ◽  
Data Science ◽  
Big Data Analytics ◽  
Corporate Disclosure ◽  
Content Type ◽  
Science Approach ◽  
The Usa ◽  
Corporate Office ◽  
The Uk

Purpose This study aims to investigate the extent and characteristics of corporate internet disclosure via companies’ websites as well via social media and networks sites in the four leading English-speaking stock markets, namely, Australia, Canada, the UK and the USA. Design/methodology/approach A disclosure index comprising a set of items that encompasses two facets of online disclosure, namely, company websites and social media sites, is used. This paper adopts a data science approach to investigate corporate internet disclosure practices among top listed firms in Australia, Canada, the UK and the USA. Findings The results reveal the underlying relations between the determining factors of corporate disclosure, i.e. profitability, leverage, liquidity and firm size. Profitability in its own has no great effect on the degree of corporate internet disclosure whether via company websites or social media sites. Liquidity has an impact on the degree of disclosure. Firm size and leverage appear to be the most important factors driving better disclosure via social media. American companies tend to be on the cutting edge of technology when it comes to corporate disclosure. Practical implications This paper provides new insights into corporate internet disclosure that will benefit all stakeholders with an interest in corporate reporting. Social media is an influential means of communication that can enable corporate office to get instant feedback enhancing their decision-making process. Originality/value To the best of the authors’ knowledge, this study is amongst few studies of corporate disclosure via social media platforms. This study has adopted disclosure index incorporating social media as well as applying data science approach in disclosure in an attempt to unfold how accounting could benefit from data science techniques.

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