scholarly journals Financial Innovation and Technology after COVID-19: a few Directions for Policy Makers and Regulators in the View of Old and New Disruptors

Ekonomika ◽  
2021 ◽  
Vol 100 (2) ◽  
pp. 40-62
Author(s):  
Maurizio Pompella ◽  
Lorenzo Costantino
Keyword(s):  
Business Models ◽  
Financial Innovation ◽  
Sharing Economy ◽  
Pivotal Role ◽  
Successive Approximations ◽  
Stylized Facts ◽  
Policy Makers ◽  
Financial Innovations ◽  
Entry Points ◽  
Innovation And Technology

Innovation and technology have led to the redefinition of business models and development of new ones in many bricks and mortar sectors.  Similarly, blockchain and fintech have impacted the finance and banking industries and are expected to further affect them in the future, leading some media to coin the expression “Uberization of banking”.  The authors extrapolate from sharing economy models to conclude that while blockchain and fintech are poised to advance finance and banking, there are no disruptive features that corroborate the term.  By analogy and successive approximations, this article identifies the limitations of the arguments for disruption in finance and banking.  Besides, hinging upon stylized facts, the article establishes similarities with sharing economy models to identify potential threats stemming from financial innovations such as Tokenomics, tagged as “no-ABSs”.  Eventually, the authors identify entry points and ways forward arising from the COVID-19 pandemic for policy makers and regulators to regain their pivotal role in policing the market and ensuring transparency while driving innovation.

scholarly journals A Network Theory Approach to the Sharing Economy

2019 ◽  
Vol 28 (1) ◽  
pp. 70-80
Author(s):  
Petra Soltész ◽  
Gyula Zilahy
Keyword(s):  
Network Theory ◽  
Rapid Growth ◽  
Business Models ◽  
Sharing Economy ◽  
Growth Patterns ◽  
Theory Approach ◽  
Policy Makers ◽  
Scale Free ◽  
Theoretical Considerations ◽  
Fine Tune

With the rapid growth of businesses in the sharing economy, evidence is accumulating regarding their underlying business models, growth patterns and other characteristics.This article demonstrates that a network theory approach can be useful for analysing the internal structure and other features of sharing economy platforms and the networks created by them. After introducing the most important concepts and theoretical considerations relating to the sharing economy, we analyse the data of a regional ride share company based in Hungary. Our analysis reveals an increasingly popular service, which is in a phase of rapid growth in terms of both the number of origin/destination settlements and the number of trips/passengers. Taking settlements as nodes and trips between them as edges we demonstrate that the network formed by them shows the characteristics of scale-free networks.Our findings may help company managers and policy makers to fine tune their decisions and indicate potential areas for further research directions to better understand the societal effects of the sharing economy.

scholarly journals What Do We Know about Co-Working Spaces? Trends and Challenges Ahead

2021 ◽  
Vol 13 (3) ◽  
pp. 1416
Author(s):  
Jasmina Berbegal-Mirabent
Keyword(s):  
Business Models ◽  
Descriptive Analysis ◽  
Geographical Location ◽  
Physical Space ◽  
Sharing Economy ◽  
Future Research ◽  
Policy Makers ◽  
The Status ◽  
Mapping Techniques ◽  
Different Levels

Co-working spaces (CWSs) have emerged as a distinctive phenomenon in the sharing economy. They are collaborative environments that feed innovation and creativity under the slogan “working alone together”. While policy makers and scholars were optimistic about their role in promoting entrepreneurial endeavours and fostering growth, the spread of the COVID-19 across the world has drastically changed the way we work, communicate, and navigate daily life. This study offers a comprehensive review of the existing literature on CWSs. To do so, a bibliometric analysis is proposed, combining the use of traditional bibliometric tools with science mapping techniques. A total of 118 documents are reviewed and the results are presented at two different levels: (1) descriptive analysis of the status of the research on a CWS and (2) its conceptual structure (topics and trends). The study concludes with some directions for future research. Specifically, based on the recurrent topics discussed up to date in the literature, it is possible to identify four key areas—i.e., geographical location, physical space, business models and inclusive communities—that are promising for research and that may bring useful insights for defining co-working’s place in a post-pandemic society.

scholarly journals Regional governance and public accountability in planning for new housing: A new approach in South Holland, the Netherlands

2017 ◽  
Vol 36 (6) ◽  
pp. 1027-1045 ◽  
Author(s):  
Vitnarae Kang ◽  
Daniëlle A Groetelaers
Keyword(s):  
The Netherlands ◽  
Regional Governance ◽  
Housing Development ◽  
Pivotal Role ◽  
Public Accountability ◽  
Relational Dynamics ◽  
Policy Makers ◽  
New Approach ◽  
Housing Planning ◽  
Governance Modes

Regional governance is coming to play an increasingly pivotal role in the planning of housing development. It has been argued that an absence of formal accountability lines in regional governance is beneficial because it makes inter-municipal coordination more flexible, without the need for territorial adjustments in local authorities. However, this view is based on a narrow interpretation of public accountability. In fact, regional governance becomes effective when hierarchical accountability arrangements are structured to reinforce horizontal accountability that strengthens self-organising capacity. This paper is based on a study of regional housing planning in the province of South Holland, the Netherlands, and analyses three types of governance modes (hierarchical, horizontal and market-oriented) and public accountability relationships. The measures undertaken in the case under review to ensure effective regional housing planning under changing market circumstances highlight the need to modify accountability arrangements when policy-makers choose a new set of governance modes in order to shape relational dynamics appropriately.

scholarly journals Carsharing: a systematic literature review and research agenda

2021 ◽  
Vol 32 (6) ◽  
pp. 55-91
Author(s):  
Brenda Nansubuga ◽  
Christian Kowalkowski
Keyword(s):  
Literature Review ◽  
Business Models ◽  
Theory And Practice ◽  
Service Research ◽  
Policy Makers ◽  
Content Type ◽  
Customer Base ◽  
State Of Research ◽  
Systematic Selection ◽  
Future Work

PurposeFollowing the recent surge in research on carsharing, the paper synthesizes this growing literature to provide a comprehensive understanding of the current state of research and to identify directions for future work. Specifically, this study details implications for service theory and practice.Design/methodology/approachSystematic selection and analysis of 279 papers from the existing literature, published between 1996 and 2020.FindingsThe literature review identified four key themes: business models, drivers and barriers, customer behavior, and vehicle balancing.Practical implicationsFor managers, the study illuminates the importance of collaboration among stakeholders within the automotive sector for purposes of widening their customer base and maximizing utilization and profits. For policy makers, their important role in supporting carsharing take-off is highlighted with emphasis on balancing support rendered to different mobility services to promote mutual success.Originality/valueThis is the first systematic multi-disciplinary literature review of carsharing. It integrates insights from transportation, environmental, and business studies, identifying gaps in the existing research and specifically suggesting implications for service research.

scholarly journals Financing innovative development of the African economies: the role of digitalization and financial innovations

2020 ◽  
Vol 28 (3) ◽  
pp. 429-439
Author(s):  
Tijani Forgor Alhassan ◽  
Ahou Julie Kouadio ◽  
Dadson Etse Gomado
Keyword(s):  
Financial Development ◽  
Financial Services ◽  
Positive Relationship ◽  
Financial Innovation ◽  
Sub Saharan Africa ◽  
Innovative Development ◽  
Mobile Banking ◽  
Data Set ◽  
Financial Innovations ◽  
Sub Saharan

The article examines the relationship between financial innovation (mobile banking) variables in sub-Saharan Africa. Mobile banking (also known as mobile money) is one of the main financial innovations in the sub-Saharan region, and it is a system through which non-bank residents (residents without bank accounts, etc.) receive financial services. The overall importance of financial innovation in today’s digital and knowledge-based economy, and indeed, innovative development, inspired this study. Using a partial linear regression model, we analysed the International Monetary Fund data set, the World Bank’s national economic data, and mobile banking data from GSMA for the period from 2011 to 2017. A negative correlation was found between these variables and growth, as well as financial development, but a positive relationship was established between financial development and economic development. This positive relationship re-confirms the argument that financial development affects economic growth. It is recommended that policy makers develop and implement the necessary policy tools that can promote this form of financial innovation, and thus link its benefits to the national economy in general.

scholarly journals Exploring Innovative Marketing Opportunities for Halal Entrepreneurs in Hospitality and Tourism Industry

2021 ◽  
Vol 124 ◽  
pp. 10001
Author(s):  
Mohamed Battour ◽  
Mohamed Salaheldeen ◽  
Khalid Mady
Keyword(s):  
Business Models ◽  
Tourism Industry ◽  
Tourism Product ◽  
Innovation And Technology ◽  
Hospitality And Tourism ◽  
Hospitality And Tourism Industry

Innovation is essential for long-term competitiveness of firms. The lack of innovation can reduce the competitiveness of firms in the hospitality and tourism industry. Therefore, Halal entrepreneurs in the Halal travel market must prepare for a future led by innovation and technology and to build scalable, digitally enabled business models. There are many innovative opportunities that can be translated into Halal tourism product/services for Muslim and non-Muslim travellers. Some aspects of Halal travel may also satisfy the demands of the non-Muslim market. The paper discusses seven innovative opportunities that could be exploited by Halal entrepreneurs in the hospitality and tourism market. The findings are useful for entrepreneurs to develop Halal products and services for Muslim and non-Muslim travellers.

scholarly journals Sustainable Business Models – What Do Management Theories Say?

2016 ◽  
pp. 62-72
Author(s):  
Gyula Zilahy
Keyword(s):  
Business Models ◽  
Industrial Ecology ◽  
Explanatory Power ◽  
Sharing Economy ◽  
Sharp Reduction ◽  
Sustainable Business ◽  
Resource Based View ◽  
Theoretical Approaches ◽  
Sustainable Business Models ◽  
Theoretical Foundations

Literature describing the notion and practice of business models has grown considerably over the last few years. Innovative business models appear in every sector of the economy challenging traditional ways of creating and capturing value. However, research describing the theoretical foundations of the field is scarce and many questions still remain. This article examines business models promoting various aspects of sustainable development and tests the explanatory power of two theoretical approaches, namely the resource based view of the firm and transaction cost theory regarding their emergence and successful market performance. Through the examples of industrial ecology and the sharing economy the author shows that a sharp reduction of transaction costs (e.g. in the form of internet based systems) coupled with resources widely available but not utilised before may result in fast growing new markets. This research also provides evidence regarding the notion that these two theoretical approaches can complement each other in explaining corporate behaviour.

scholarly journals The sharing economy: Uber and its effect on taxi companies

2018 ◽  
Vol 16 (28) ◽  
Author(s):  
Lana Pepić
Keyword(s):  
Price Competition ◽  
Business Models ◽  
Legal Status ◽  
Sharing Economy ◽  
Fixed Costs ◽  
Transportation Services ◽  
Fair Competition ◽  
Reduced Costs ◽  
Taxi Industry ◽  
The Right

The popular ride sharing service Uber has undoubtedly affected the taxi industry by offering lower prices, faster and more quality service, as well as a higher degree of transparency in terms of choosing drivers and determining fares. A question arises inevitably: does Uber present loyal or unloyal price competition to taxi companies by offering significantly lower prices, cutting fixed costs and bypassing middlemen? Is there a tax loophole at play? The hypothesis this paper aims to examine is whether Uber is a new way of providing transportation services, thus bringing more transparency and fair competition to the industry, or it is a disruptor on a previously fair market. If the second case is correct, not all hope should be lost - perhaps with the right amount of regulation, Uber could become a new standard in service transportation.This paper is divided into three parts. The first part briefly explores the concept of the sharing economy; a relatively new term and even newer foundation for business models of contemporary startups. Special significance is given to the reduced costs in companies which operate based on the sharing economy versus the so-called traditional companies. The second part of the paper examines Uber’s business model through costs, thepricing system, driver earnings and working conditions. Finally, the thirdpart of the paper estimates the present and future impact of Uber on traditionaltaxi companies, taking into account its legal status, competition andthe changing labor market.

scholarly journals Sustainable development and sharing economy: A bibliometric analysis

2021 ◽  
Vol 19 (4) ◽  
pp. 1-19
Author(s):  
Ruihui Pu ◽  
Xiang Li ◽  
Pujiayi Chen
Keyword(s):  
Sustainable Development ◽  
Smart Grids ◽  
Business Models ◽  
Sustainable Consumption ◽  
Sharing Economy ◽  
Research Trend ◽  
Urban Mobility ◽  
Sustainable Business ◽  
Academic Communities ◽  
Sustainable Business Models

Sustainability promotes a feasible strategy to achieve a continuous development of the economy, society, and environment. This study aims to analyze the growing efforts on researches made by academic communities in exploring the sharing economy as a potential approach to promote sustainable development. A bibliometric approach with VOSviewer and COOC analysis was applied. A total number of 975 published articles were analyzed in this study. As a result, it was found that few studies have shed light on collaborative and sustainable consumption, climate change, and bioeconomy in the sharing economy by country, such as renewable resources and business models, circular economy in China, and life cycle assessment, particularly taking evidence from the urban mobility services in China. It was also revealed that there is a new indiscipline research trend in the field of sustainable development such as sustainable business models, game theory, blue economy, peer-to-peer accommodation, smart grids, and electric vehicles. Other trend concentrates on technological advancements and policies to promote sustainable development in the sharing economy.

Building an Infrastructure to Support the Use of Government Administrative Data for Program Performance and Social Science Research

2017 ◽  
Vol 675 (1) ◽  
pp. 240-252 ◽  
Author(s):  
Julia Lane
Keyword(s):  
Community Of Practice ◽  
Business Models ◽  
Focal Point ◽  
Social Science Research ◽  
Science Research ◽  
Multiple Stakeholders ◽  
Policy Makers ◽  
Data Infrastructure ◽  
The Public ◽  
Intellectual Engagement

This article provides an overview of the elements necessary to build a sustainable research data infrastructure. I argue that it needs the financial and intellectual engagement of a community of practice. Most attention has been paid to researchers and policy-makers, but a third group—government programmatic agencies—must be a focal point since they act as both data producers and as policy implementers. I also discuss possible business models that are both consistent with serving the needs of multiple stakeholders and that are not completely dependent on the largesse of the public purse.

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